Hyundai Dept. Store virtual idol pop-ups attract 100,000

Hyundai Dept. Store virtual idol pop-ups attract 100,000

South Korea's Hyundai Department Store Co. said on Monday that its pop-up stores of the three virtual idol groups at The Hyundai Seoul attracted ove...

Labor reform urged in Korea with higher wages than Japan

Labor reform urged in Korea with higher wages than Japan

Wages at South Korean companies, both large and small, have surpassed those of their Japanese counterparts.According to a report on wage comparisons...

S.Korea’s Kumho Tire to invest $751 mn to build plant in Europe

S.Korea’s Kumho Tire to invest $751 mn to build plant in Europe

Kumho Tire Co., South Korea’s No. 2 tire maker, plans to invest more than 1 trillion won ($750.8 million) by 2027 to build its first plant in ...

LG Elec expands workforce to enhance AI cyber security

LG Elec expands workforce to enhance AI cyber security

LG Electronics Inc., the leading global home appliance maker, is actively increasing its workforce to improve artificial intelligence cyber security...

Korea Zinc, LG Chem team up for US recycling business

Korea Zinc, LG Chem team up for US recycling business

Korea Zinc Inc., the leading global zinc and lead smelter, and LG Chem Ltd., South Korea’s top petrochemical producer, joined hands for the pl...

Private education spending in S.Korea hits new record high

Private education spending in S.Korea hits new record high

South Koreans’ spending on private education hit a new record high of 27.1 trillion won ($20 billion) in 2023, as the government’s annou...

KASA, Korea’s NASA, embarks on hunt for space talent

KASA, Korea’s NASA, embarks on hunt for space talent

South Korea seeking to join the global space power club is set to recruit about 120 local and foreign space experts for the country’s space ag...

Lotte brings Louis Vuitton diamond collection to S.Korea

Lotte brings Louis Vuitton diamond collection to S.Korea

South Korea's Lotte Department Store announced that it launched Louis Vuitton's LV Diamond Collection on Mar. 14 at Lotte World Tower Avenuel Jamsil...

Korea's Shinhan, Hana accelerate overseas push after record profits

Korea's Shinhan, Hana accelerate overseas push after record profits

South Korean major banks aim to accelerate their expansions in other countries as their overseas investments paid off with record profits last year ...

Hyundai to bring Casper EV to Japan, premium Genesis cars to India

Hyundai to bring Casper EV to Japan, premium Genesis cars to India

Hyundai Motor Co. will bring its electric Casper crossover city car to Japan next year as part of a bid to reinvigorate its performance in the neigh...

Hyundai Motor unveils design of commercial EV platform

Hyundai Motor unveils design of commercial EV platform

Hyundai Motor Co. unveiled the design of its first commercial electric vehicle (EV) platform ST1 on Thursday. ST1 is a commercial platform based on ...

Korea faces apple crisis amid climate, demographic change

Korea faces apple crisis amid climate, demographic change

Apples, normally among the most common and available fruit, are poised to be a rarity in South Korea, where people are suffering a so-called “...

Hyundai Mobis develops integrated module for EV front face

Hyundai Mobis develops integrated module for EV front face

Hyundai Mobis Co., the world’s sixth-largest automotive parts maker, known as Mobis outside of its home South Korea, announced Thursday that i...

Hyundai Motor, Kia to recall 170,000 EVs

Hyundai Motor, Kia to recall 170,000 EVs

Around 170,000 units of electric vehicles (EVs) from Hyundai Motor Co. and Kia Corp. are voluntarily recalled, the largest recall in the domestic EV...

Hyundai Rotem unveils lamination press for EV motor cores

Hyundai Rotem unveils lamination press for EV motor cores

South Korea's Hyundai Rotem Co. announced on Wednesday that it unveiled a lamination press for electric vehicle (EV) motor cores at its Dangjin plan...

South Korea gets tough with Chinese platforms AliExpress, Temu, Shein

South Korea gets tough with Chinese platforms AliExpress, Temu, Shein

South Korea plans to introduce a get-tough e-commerce policy on Chinese platforms such as AliExpress, Temu and Shein amid increasing complaints abou...

South Korea, odd one out in new global gold rush

South Korea, odd one out in new global gold rush

South Korea has remained muted to a new gold rush fueled by various central banks across the world gobbling up the precious metal, raising concerns ...

HD Hyundai Heavy to build next-gen second Aegis destroyer

HD Hyundai Heavy to build next-gen second Aegis destroyer

South Korea's HD Hyundai Heavy Industries Co., the shipbuilding affiliate of HD Hyundai Co., announced on Wednesday that it has begun construct...

Hyundai L&C targets US, India with premium finishing material

Hyundai L&C targets US, India with premium finishing material

Hyundai L&C, South Korea’s Hyundai Department Store Group’s building materials unit, said on Tuesday that it will increase the propo...

Hyundai E&C, Glennmont D&D sign renewable energy PPA

Hyundai E&C, Glennmont D&D sign renewable energy PPA

Hyundai Engineering & Construction Co. (Hyundai E&C) announced on Tuesday that it signed a power purchase agreement (PPA) for solar renewabl...

Premium children's brands buck falling birth rate in Korea

Premium children's brands buck falling birth rate in Korea

Premium children's clothing and food brands have bucked the economic slowdown in a country grappling with the world’s lowest birth rate as Sou...

MBK’s Michael ByungJu Kim: Most influential in Korea’s capital market

MBK’s Michael ByungJu Kim: Most influential in Korea’s capital market

Michael ByungJu Kim, co-founder and partner of Northeast Asia-focused private equity firm MBK Partners Ltd., has been chosen as the most influential...

Goldman Sachs Korea co-head Chung to move to Hyundai Capital

Goldman Sachs Korea co-head Chung to move to Hyundai Capital

Goldman Sachs’ Chung Hyung-Jin, co-head of the Seoul office and the leader of the firm’s investment banking (IB) business in South Korea...

HD Hyundai speeds up digital transformation with Naver

HD Hyundai speeds up digital transformation with Naver

HD Hyundai Co. announced on Monday that it signed a business agreement with Naver Corp. for digital transformation (DX), cloud transformation, and a...

BMW EV sales roar in Korea on strong lineup of new models

BMW EV sales roar in Korea on strong lineup of new models

BMW, already one of the top two best-selling imported car sellers in South Korea, has beaten the world’s No. 1 EV seller Tesla Inc. in the cou...

Samsung Electro-Mechanics to supply hybrid camera lenses to Hyundai

Samsung Electro-Mechanics to supply hybrid camera lenses to Hyundai

Samsung Electro-Mechanics Co., a leading South Korean electronics parts maker, plans to begin supplying hybrid lenses for automotive camera modules ...

Hyundai Motor, Toyota compete to take upper hand in Brazil

Hyundai Motor, Toyota compete to take upper hand in Brazil

South Korea’s top automaker Hyundai Motor Co. and Japan’s No. 1 carmaker Toyota Motor Corp. have been competing for decades to take the ...

Korea, new darling of Maybach, Bentley, Rolls-Royce

Korea, new darling of Maybach, Bentley, Rolls-Royce

Foreign exquisite, high-end car brands are eager to offer new and exclusive experiences to their customers in South Korea, the fastest-growing luxur...

Korea’s bond sales up in February; corporate bonds remain buoyant

Korea’s bond sales up in February; corporate bonds remain buoyant

Bond sales in South Korea amounted to 71.8 trillion won ($54.4 billion) in February, 12.4% up from a month prior, according to a report from the Kor...

South Korea’s Daesang retracts bid to acquire China’s Chengfu Food

South Korea’s Daesang retracts bid to acquire China’s Chengfu Food

South Korea’s food giant Daesang Corp. has retracted its bid to acquire a controlling stake in China’s leading food additives maker Heil...

Samsung Heavy Industries clinches $635 mn preliminary FLNG deal with African shipowner Gochujang, fiery seasonings: K-sauces go viral among adventurous foreign palates HD Hyundai, India’s Cochin Shipyard to pursue joint shipbuilding orders SK Innovation to restore Vietnam’s mangrove forests in ESG initiative LG Electronics' Q2 profit halves as US tariffs bite