KT invests over $11 mn in AI software company Moreh

KT invests over $11 mn in AI software company Moreh

South Korea's KT Corp. will invest 15 billion won ($11.6 million) in Moreh, a Seoul-based artificial intelligence (AI) infrastructure software compa...

Fabless FADU taps institutional demand to raise about $151 mn

Fabless FADU taps institutional demand to raise about $151 mn

FADU Technology, the first unicorn in South Korea’s semiconductor sector, has embarked on a process to raise up to 193.8 billion won ($151 mil...

Kia Sportage celebrates milestone of 7 mn sales in 30 years

Kia Sportage celebrates milestone of 7 mn sales in 30 years

Kia Sportage has sold more than 7 million units since its launch three decades ago, celebrating the milestone with a special edition of its fifth-ge...

No subsidy, no problem: Hyundai, Kia make top 10 US list for EV sales

No subsidy, no problem: Hyundai, Kia make top 10 US list for EV sales

Hyundai Motor Co. and Kia Corp. in the first half of the year were among the top 10 in sales of battery electric vehicles (EVs) in the US despite re...

SK E&S opens representative office in Vietnam

SK E&S opens representative office in Vietnam

South Korea's renewable energy company SK E&S is speeding up the expansion of its global eco-friendly power generation business by opening a rep...

S.Korea’s Brand X establishes Taiwanese corporation

S.Korea’s Brand X establishes Taiwanese corporation

South Korea's media and e-commerce company Brand X Corp. announced on Friday that it has established a Taiwanese corporation. The move seeks to ampl...

Kakao Piccoma tops in Japanese app market sales in H1 2023

Kakao Piccoma tops in Japanese app market sales in H1 2023

Kakao Piccoma, a Japanese subsidiary of Kakao Japan Corp. and the global leading webtoon platform achieved the top position in the first half of 202...

HMM officially put on sale with CB conversion shares

HMM officially put on sale with CB conversion shares

The privatization of South Korea’s No. 1 sea flag carrier HMM Co. has gained traction after an official announcement of its stake sale. But th...

Foreign carmakers hit by EV sales drop in S.Korea

Foreign carmakers hit by EV sales drop in S.Korea

Foreign carmakers such as Mercedes-Benz and Tesla Inc. suffered a sales drop in South Korea in the first half of the year, as overall car sales jump...

KAI opens office in Polish Air Force base

KAI opens office in Polish Air Force base

South Korea's leading aerospace manufacturer Korea Aerospace Industries (KAI) announced that it opened its sixth overseas base on Wednesday at the 2...

Aekyung Industrial's sales on Amazon jump 58% in H1 2023

Aekyung Industrial's sales on Amazon jump 58% in H1 2023

South Korea's Aekyung Industrial announced on Tuesday that its sales on the US e-commerce platform Amazon in the first half of this year increased...

Samsung to open Galaxy Experience Spaces in seven cities

Samsung to open Galaxy Experience Spaces in seven cities

Samsung Electronics Co. announced on Tuesday that it will open the "Galaxy Experience Spaces" in seven cities spanning six countries. These spa...

Tepid luxury sales widen gap between favorite and less-favored brands

Tepid luxury sales widen gap between favorite and less-favored brands

The economic slowdown may have diminished South Koreans’ appetite for foreign designer goods, but that doesn't mean they've closed their walle...

S.Korea’s car exports hit H1 record high on brisk EV sales

S.Korea’s car exports hit H1 record high on brisk EV sales

South Korea’s automobile export value in the first six months of this year hit the highest-ever $35.7 billion for a half-year period, mainly d...

Hyundai’s commitment to N brand pays off with over 100,000 car sales

Hyundai’s commitment to N brand pays off with over 100,000 car sales

Hyundai Motor Co.'s commitment to high-performance vehicles has paid off with sales of such vehicles exceeding 100,000 units six years after the lau...

LG AI Research launches patent screening AI

LG AI Research launches patent screening AI

South Korea's think tank LG AI Research has teamed up with the Korean Intellectual Property Office (KIPO) to develop the world's first patent screen...

Hyundai Motor’s UK sales highest in 5 years, driven by IONIQ 5

Hyundai Motor’s UK sales highest in 5 years, driven by IONIQ 5

Just a few years back, vehicles built by Hyundai Motor Co. were dismissed as second-class cars of poor quality in Europe, with one car magazine deri...

Lotte Department Store opens Louis Vuitton’s Take Over pop-up store

Lotte Department Store opens Louis Vuitton’s Take Over pop-up store

South Korea's Lotte Department Store announced on Friday that it operates a Louis Vuitton pop-up store in The Crown, located on the basement first...

Tinder owner Match Group taps Sam Ahn as Asia's chief innovation officer

Tinder owner Match Group taps Sam Ahn as Asia's chief innovation officer

Match Group Inc., operating online dating and chat platforms like Tinder, Hinge and OkCupid in some 40 languages, has appointed its subsidiary Hyper...

Lotte Duty Free opens store at Australia's Melbourne Airport

Lotte Duty Free opens store at Australia's Melbourne Airport

South Korea's Lotte Duty Free announced on Thursday that it is opening a new store at Melbourne Airport in Australia and entering full-scale opera...

Hanwha Solutions, SK D&D team up for hydrogen fuel cell, solar power

Hanwha Solutions, SK D&D team up for hydrogen fuel cell, solar power

South Korea's Hanwha Solutions Corp. and SK D&D have signed a strategic memorandum of understanding (MOU) to jointly pursue hydrogen fuel cell...

POSCO sharply lifts 2030 battery materials sales targets

POSCO sharply lifts 2030 battery materials sales targets

South Korea’s POSCO Holdings Inc. on Tuesday sharply revised up its sales targets for rechargeable battery materials as it is aiming to join t...

Korea chip exports to rebound in Oct; car, cell exports to stay firm

Korea chip exports to rebound in Oct; car, cell exports to stay firm

South Korea expected overseas sales of semiconductors, the country’s top export item, to rebound from October while the auto, secondary batter...

SK Hynix eyes wastewater facilities sale for $770 mn

SK Hynix eyes wastewater facilities sale for $770 mn

SK Hynix Inc. is in talks with its affiliate SK REIT Co. to sell the wastewater treatment facilities within its semiconductor campus in Icheon, Gyeo...

S.Korea’s SKC seeks to sell fine ceramic business for $307 mn

S.Korea’s SKC seeks to sell fine ceramic business for $307 mn

SKC Ltd., a South Korean chemicals maker, is seeking to sell its fine ceramic business for an estimated 400 billion won ($307 million) as the unit o...

Samsung Electronics creates global hit with new gaming monitor

Samsung Electronics creates global hit with new gaming monitor

Samsung Electronics Co. ’s new gaming monitor has received over 3,000 advance orders worldwide.The company on Monday said it began presale of ...

LG Uplus to enter fashion metaverse

LG Uplus to enter fashion metaverse

South Korea‘s LG Uplus Corp. has launched a fashion metaverse business, starting this month the clothing store Meta Slap, a digital service fo...

Hyundai Motor breaks out of 3-year slump in China

Hyundai Motor breaks out of 3-year slump in China

South Korea’s Hyundai Motor Co. has broken out of its slump in China, with its Chinese joint venture posting its first sales growth in four ye...

Dior to open Tears capsule collection pop-up store in Seoul

Dior to open Tears capsule collection pop-up store in Seoul

Dior will open a pop-up store in Seoul's Seongsu-dong to commemorate the launch of the "Dior Tears capsule collection."This collection was created t...

Korea logs current account surplus in May on brisk sales of goods

Korea logs current account surplus in May on brisk sales of goods

South Korea’s current account swung to the black in May from a deficit the prior month, thanks to a surplus in the goods account for the secon...

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