Celltrion’s approved merger removes hurdle to three-way combination

Celltrion’s approved merger removes hurdle to three-way combination

South Korea’s biosimilar drugmaker Celltrion group on Monday moved one step closer to the planned combination of its three major affiliates wi...

Korea’s exports set to snap 12-month losing streak in October

Korea’s exports set to snap 12-month losing streak in October

South Korea may snap its 12-month-long losing streak in exports this month after it reported an on-year gain in exports in the first 20 days of Octo...

Hyundai Motor, PIF to invest $500 mn to build car plant in Saudi Arabia

Hyundai Motor, PIF to invest $500 mn to build car plant in Saudi Arabia

RIYADH – Hyundai Motor Co. has agreed with the Public Investment Fund, Saudi Arabia’s sovereign fund, to set up a joint venture to build...

CJ CheilJedang to export K-Street Foods

CJ CheilJedang to export K-Street Foods

South Korean food company CJ CheilJedang Corp. ’s strategic product lineup K-Street Food will be launched in June next year on major global ma...

Hyundai, Kia aim for 20% share in Middle East with EVs by 2030

Hyundai, Kia aim for 20% share in Middle East with EVs by 2030

Hyundai Motor Co. and its sibling Kia Corp. together target selling 550,000 cars annually in the Middle East by 2030 to control about 20% of the reg...

Korea's HMM creditors convert $739 mn bonds into shares

Korea's HMM creditors convert $739 mn bonds into shares

Shares of HMM Co., South Korea’s No. 1 container line, are likely to fall as its main creditors exchanged perpetual convertible bonds (CBs) an...

South Korea attracts more African countries to food project

South Korea attracts more African countries to food project

South Korea is increasing the number of African countries participating in its official development assistance (ODA) project to alleviate the chroni...

TikTok to host offline concert in S.Korea

TikTok to host offline concert in S.Korea

TikTok announced on Friday that it will hold its first-ever offline live concert, "TikTok Stage The Shout," in South Korea on the 9th of next month....

SK Group needs agility to survive disruptions: chairman

SK Group needs agility to survive disruptions: chairman

South Korea's No. 2 conglomerate SK Group needs agile responses to rapidly changing business circumstances amid global geopolitical crises, C...

Naver-invested Nota AI named global leader in AI optimization

Naver-invested Nota AI named global leader in AI optimization

South Korea’s Nota AI, an artificial intelligence (AI) optimization model company with investment from Naver D2 Startup Factory (D2SF), an inv...

Korea steps up pressure on private sector to ease inflation

Korea steps up pressure on private sector to ease inflation

South Korea is intensifying pressure on the private sector to curb inflation by forcing companies such as food and beverage makers not to raise prod...

Koreans work longer hours than OECD average? Not in some sectors

Koreans work longer hours than OECD average? Not in some sectors

South Korea has had notoriously long working hours for decades.Long hours – alongside high levels of education and an increase of women in the...

HDC IPark Mall opens S.Korea's first Nintendo pop-up store

HDC IPark Mall opens S.Korea's first Nintendo pop-up store

South Korea’s HDC IPark Mall has opened Japanese game giant Nintendo’s first official pop-up store at the Yongsan location in Seoul fr...

MZers fuel Disney Store's boom in S.Korea's offline market

MZers fuel Disney Store's boom in S.Korea's offline market

The Disney Store has become one of the hottest spots within Hyundai Department Store branches since the department store operator has opened three o...

SK Chemicals develops recycled plastic LP records

SK Chemicals develops recycled plastic LP records

South Korea's SK Chemicals Co. unveils recycled plastic LP records.The company announced on Thursday it has jointly developed the EcoRecord, an LP r...

S.Korean VCs go global for breakthrough

S.Korean VCs go global for breakthrough

South Korean venture capitalists are actively discovering attractive investment assets overseas to find a breakthrough amid a prolonged local VC dro...

Blackstone names Koramco preferred bidder for $553 mn landmark

Blackstone names Koramco preferred bidder for $553 mn landmark

Blackstone Inc. has tapped South Korea’s Koramco REITs Management and Trust Co. as the preferred bidder for prime office building Arc Place, t...

Hyundai Motor muscles into online used car market

Hyundai Motor muscles into online used car market

Hyundai Motor Co. is slated to start selling certified used cars online from Oct. 24, three years after its announcement to enter the 30 trillion wo...

China’s Temu challenges homegrown e-commerce platforms in Korea

China’s Temu challenges homegrown e-commerce platforms in Korea

Temu, a popular Chinese discount e-commerce platform that landed in South Korea just a few months ago, has apparently cracked homegrown players&rsqu...

Samsung Elec to develop spam filter with public web body

Samsung Elec to develop spam filter with public web body

Samsung Electronics Co. and the Korea Internet & Security Agency (KISA) on Wednesday signed a memorandum of understanding on minimizing damage t...

Late Samsung chairman Lee's New Management back in spotlight

Late Samsung chairman Lee's New Management back in spotlight

As the leader of Samsung Group for three decades, the late group Chairman Lee Kun-hee brought fundamental changes to the conglomerate under his &ldq...

POSCO Int’l completes Mexico EV motor core plant for N.American market

POSCO Int’l completes Mexico EV motor core plant for N.American market

POSCO International Corp., the energy and trading unit of South Korea’s steel giant POSCO Holdings Inc., concluded construction on an electric...

Zuellig mulls acquiring S.Korea’s top drug distributor Geo-Young

Zuellig mulls acquiring S.Korea’s top drug distributor Geo-Young

Asia’s leading drug distributor Zuellig Pharma is considering the acquisition of Geo-Young Corp., the largest medicine wholesaler in South Kor...

Korea Inc.’s record short-term borrowing raises specter of debt overhang

Korea Inc.’s record short-term borrowing raises specter of debt overhang

South Korea’s short-term corporate loan growth is picking up at a fast pace, stirring concern among some analysts who see parallels to the 200...

Humedix gets gov't OK for trials of dementia candidate drug

Humedix gets gov't OK for trials of dementia candidate drug

South Korea’s Humedix Co., a developer of biological and pharmaceutical products, on Tuesday said it received approval from the Ministry of Fo...

NCSOFT to unveil 7 new titles in global lineup at G-STAR 2023 game show

NCSOFT to unveil 7 new titles in global lineup at G-STAR 2023 game show

NCSOFT Corp., a major South Korean game developer and publisher, said on Tuesday it will showcase seven new titles in its upcoming global lineup at ...

Johnson & Johnson more interested in Korean bio startups

Johnson & Johnson more interested in Korean bio startups

Johnson & Johnson, a global pharmaceutical giant, showed more interest in South Korean bio startups with competitive innovation despite the rece...

Lululemon opens logistics center in S.Korea

Lululemon opens logistics center in S.Korea

Global sports brand Lululemon Athletica Inc. opened its first logistics center in South Korea. It's located in Icheon, Gyeonggi Province. This ...

HLB gets global rights to Chinese liver cancer drug

HLB gets global rights to Chinese liver cancer drug

South Korea’s HLB Therapeutics Co. on Tuesday said its US subsidiary Elevar Therapeutics has acquired the global rights excluding South Kore...

Korea's Harim to divest of Hanjin KAL shares to fund HMM acquisition

Korea's Harim to divest of Hanjin KAL shares to fund HMM acquisition

South Korea’s poultry processing company Harim Group is set to sell off all its Hanjin KAL Co. shares its affiliate owns to secure capital for...

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