HD Hyundai Marine Solution aims for top spot in global ship repair market
When the global shipbuilding industry was reeling from the economic slowdown in recent years, South Korea’s HD Hyundai Marine Solution Co., a ...
Korea reclaims crown from China as world’s top shipbuilder
South Korea reclaimed the crown from the Chinese as the world’s largest shipbuilder after three years last quarter, sweeping global orders for...
NPS sells shares in KT, making Hyundai the top shareholder
Hyundai Motor Group has become the top shareholder of South Korea’s leading mobile carrier KT Corp., after the country’s National Pensio...
HMM, SIPG to cooperate on eco-friendly fuel
South Korea’s major ocean carrier HMM Co. announced on Wednesday that it signed a Shanghai Port Clean Marine Fuel memorandum of understanding ...
Blight of failing e-commerce startups in South Korea
Linkshops, once touted as a future unicorn candidate in South Korea, declared bankruptcy last month even after garnering 15.4 billion won ($11.4 mil...
KOTRA operates S.Korea's pavilion at Vietnam Expo
The Korea Trade-Investment Promotion Agency (KOTRA) announced on Wednesday that it has operated the South Korean Pavilion at the 2024 Vietnam Expo, ...
Hyundai Motor regains AAA credit rating after 4 years
Hyundai Motor Co. regained its top AAA credit rating for the first time since the end of 2019.NICE Investors Service on Tuesday upgraded Hyundai Mot...
EVs in S.Korea exceed 500,000
The cumulative number of electric vehicles (EVs) registered in South Korea exceeded 500,000 last year.The number of EV chargers supplied domesticall...
Korea’s Shinsegae replaces building unit chief amid property downturn
South Korea’s retail giant Shinsegae Group on Tuesday replaced the head of its construction unit amid the sluggish property market, adding to ...
Hollys Coffee goes to Japan as Korean franchises turn gaze abroad
Hollys Coffee, a unit of South Korea’s KG Group, is opening its first overseas outlet in Osaka, Japan, riding on the popularity of Korean cult...
Korea's Military Mutual Aid Association starts search for new CIO
South Korea’s Military Mutual Aid Association (MMAA), which managed 10.4 trillion won ($7.7 billion) in assets as of the end of 2023, said on ...
Korea’s rate cut hope wanes with inflation above 3% in March
South Korea’s headline inflation stayed above 3% for two straight months in March on a surge in fruit and vegetable prices coupled with higher...
Korea Zinc buys US Kataman for $55 mn for recycling business
Korea Zinc Inc., the world’s largest lead and zinc smelter, acquired Kataman Metals LLC, a US-based scrap metal trading company, at $55 millio...
Blackstone sells prime Seoul office building for $586 mn to Koramco
Blackstone Inc. completed selling off Arc Place, a prime office building located in Seoul's upscale Gangnam area, to Koramco REITs Management and Tr...
Korea, Japan lead Asia's buyout markets: MBK Partners
South Korea and Japan are the two most important markets for buyouts in Asia, and China is still a significant private market with potential for mid...
Hyundai Wia unveils EV manufacturing specialized solution
Hyundai Wia Corp., a South Korean automotive parts manufacturer, unveiled its Mobility Manufacturing Total Solution specialized for electric vehicle...
LF’s fashion brand Dunst teams up with E-Land for China push
South Korean clothing company LF Corp. said on Monday that its street fashion brand Dunst will build an offline presence in China in partnership wit...
Hyundai Globis wins long-term LNGC charter in Qatar
South Korea's Hyundai Glovis Co. announced on Monday that it has won a long-term charter for four liquefied natural gas carriers (LNGC) from QatarEn...
Hyundai Department launches Korean brands' global platform
Hyundai Department Store Co., South Korea’s major retail conglomerate, has launched “The Hyundai Global” platform dedicated to pro...
Hyundai Motor’s IONIQ 5 robotaxi passes US driver’s license test
Soon, it will no longer be the stuff of sci-fi movies for a robocop to stop a self-driving car for speeding and for the human-less autonomous vehicl...
Foreign buying of Korean stocks hit record high in Q1
Foreign investors gobbled up a record 15.8 trillion won ($11.7 billion) worth of stocks listed in South Korea during the first three months of this ...
Doosan joins hands with China’s CNGR for battery recycling
South Korea’s plant and machinery powerhouse Doosan Group has teamed up with China’s CNGR Advanced Material Co. to expand its electric v...
HD Hyundai Heavy wins record $463 million warship deal from Peru’s Navy
South Korea’s top shipbuilder HD Hyundai Heavy Industries Co. said on Friday it has won a $463 million contract to build four warships for Per...
Hyundai Motor opens N brand tuning online shop
Hyundai Motor Co. announced on Friday that it opened an online shop for its high-performance car N brand's tuning, The N Performance Shop. The ...
Korea’s factory output rebounds in February on chip recovery
South Korea’s factory activity last month bounced back in three months thanks to strong recovery in the country’s semiconductor sector b...
Korea’s HD KSOE, Infineon team up for ship electrification
South Korea’s top shipbuilder HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) joined hands with German chipmaker Infineon ...
HSBC faces criminal charges for naked shorting in Korea
South Korean prosecutors on Thursday filed criminal charges against HSBC and three of its traders, accusing them of illegal short selling worth 15.8...
Korea yet to join global bond index for capital inflows
South Korea has so far failed to be included on a global major bond index, denting hopes for capital inflows into Asia’s fourth-largest econom...
HD Hyundai Develon wins iF Design Award
South Korea's HD Hyundai Infracore Co. announced on Thursday that its construction machinery brand Develon received the grand prize in the branding ...
Kia, Hyundai sweep World Car Awards with EV9, IONIQ 5 N
NEW YORK – Hyundai Motor Group, the world’s No. 3 carmaker, has swept the 2024 World Car Awards, a global premier standard for automotiv...
