Boryung invests $10 million in Intuitive Machines

South Korea's Boryung Corp. said on Friday it bought $10.0 million in shares of US-based lunar lander company Intuitive Machines to expand its space...

IFM Investors bets big on infrastructure investing: Gee-Grant

IFM Investors, a global investment manager owned by Australian pension funds, is looking to infrastructure as the fastest-growing asset segment for ...

S&P downplays martial law impact on S.Korean economy

Global credit rating agency Standard & Poor's (S&P) said on Thursday "the introduction and swift revocation of martial law in South Korea ...

Hyundai, Kia on course for record 2024 US sales, led by SUVs, hybrids

South Korea’s Hyundai Motor Co. and its sister firm Kia Corp. saw their US vehicle sales surge in November, driven by large SUVs, hybrids and ...

Quick delivery war deepens Korean big-box retailer-Baemin ties

As competition for same-day delivery heats up in South Korea, traditional big-box retailers are rushing to join hands with the country’s No. 1...

Hyundai, Kia to build Hyundai Center of Excellence in India

Hyundai Motor Co. and Kia Corp. signed a memorandum of understanding (MOU) with the Indian Institutes of Technology (IIT) to build the Hyundai Cente...

Nongshim captures young consumers in Indonesia

South Korea's instant noodle giant Nongshim Co. said on Tuesday it held Shinsational Day event in Jakarta, Indonesia. On November 15, Nongshim ...

STX to export $60 mn wheeled armored vehicles to Peru

STX Corp., a South Korean general trading company, said on Monday it signed a contract with  Fábrica de Armas y Municiones del Ejé...

NPS enjoys 9.2% return as of Q3 on bullish US stocks

The National Pension Service (NPS), South Korea’s largest institutional investor, reported a preliminary 9.18% return from investments, equiva...

HD Hyundai Oilbank ventures into bioenergy sector as new growth driver

HD Hyundai Oilbank Co., a South Korean crude oil refiner backed by Saudi Aramco, is diversifying its business beyond fossil fuel-centered operations...

Controversy brews over HYBE Chair Bang’s investment deal with PEFs

Bang Si-hyuk, founder and chairman of HYBE Co., the South Korean entertainment giant behind K-pop global sensations BTS and NewJeans, is embroiled i...

S.Korean startup accelerators to boost overseas biz

South Korean accelerators (ACs) are turning to Southeast Asia and the Middle East market to support startups and expand their reach.ACs, companies t...

Lotte replaces 21 CEOs, slashes executive jobs by 22% in drastic reshuffle

South Korea’s retail-to-chemical conglomerate Lotte Group on Thursday replaced 21 chief executives across its affiliates and slashed executive...

Hyundai Motor, Kia unveil wearable robot X-ble Shoulder

Hyundai Motor Co. and Kia Corp. unveiled the wearable robot X-ble Shoulder at Wearable Robot Tech Day held at the Hyundai Motorstudio Goyang, Gyeong...

Hyundai Motor to buy back $720 mn in shares

Hyundai Motor Co. said on Wednesday it will buy back 1 trillion won ($720 million) in shares in line with the government campaign to unlock corporat...

HD Hyundai Heavy delivers Aegis destroyer to S.Korean Navy

South Korea's HD Hyundai Heavy Industries Co. completed and delivered Jeongjo the Great, one of the world's top-tier Aegis destroyers, to the South ...

Samsung reshuffles top brass; Co-CEO to control memory business

Samsung Electronics Co., the world’s No. 1 memory chipmaker, reshuffled its leadership on Wednesday in a sweeping move as it faces an uph...

Hyundai launches EV charging subscription in Indonesia

Hyundai Motor Co. said on Wednesday its launch of an electric vehicle (EV) charging subscription service for vehicle owners in IndonesiaSubscribers ...

Hyundai Motor to invest $479 million in Malaysia

Hyundai Motor Co. said on Tuesday that it plans to invest $479 million in Malaysia over five years, starting in 2025.The South Korean automaker stat...

Hyundai’s José Muñoz sees new Trump policy, China's rise as opportunity

LOS ANGELES – José Muñoz, freshly tapped as the next chief executive of Hyundai Motor Co., says the current market uncertainty s...

Everyone deserves a good night’s sleep: Munice CEO

Insomnia is a common clinical phenomenon in modern societies profoundly affecting many people’s health and well-being, and South Korean startu...

Hanwha Ocean, HD Hyundai reconcile, look to joint overseas warship bids

South Korea’s two warship builders – HD Hyundai Heavy Industries Co. and Hanwha Ocean Co. – have agreed to bury the hatchet and jo...

Hyundai's new CEO Munoz vows to proactively respond to Trump policy

LOS ANGELES – José Muñoz, the incoming chief executive of South Korea's top automaker Hyundai Motor Co., said on Thursday the co...

LG Group carries out modest management reshuffle

Cho Joo-wan will continue to lead LG Electronics Inc. as chief executive after its parent LG Group on Thursday carried out modest reshuffles in its ...

Hyundai premieres IONIQ 9 to be made in US, Korea

LOS ANGELES -- Hyundai Motor Co. on Wednesday unveiled the IONIQ 9 with a plan to produce the leading South Korean automaker’s first large ele...

Former ADOR CEO Min unfollows NewJeans' SNS

Min Hee-jin, the former CEO of ADOR, HYBE Co. 's label behind the K-pop girl group NewJeans, announced her resignation as the label's internal direc...

Hyundai Motor, Kia win US ALG Residual Value Awards

Hyundai Motor Co. and Kia Corp. said on Wednesday that Hyundai's electric compact sport utility vehicle (SUV) Kona EV and Kia's mid-size SUV Telluri...

Hyundai Mobis aims to expand non-captive sales to 40% as it goes global

South Korea’s top auto parts maker Hyundai Mobis Co. on Tuesday said it aims to boost non-Hyundai Motor Group affiliate sales to 40% of its to...

South Korea approves Korea Zinc’s precursor as national core technology

South Korea has designated Korea Zinc Inc.'s precursor manufacturing process as a national core technology and advanced industrial technology, effec...

Hyundai Rotem to supply ground weapons to Peru

South Korea's Hyundai Rotem Co. said on Monday it signed an agreement with the Peruvian Army to supply K2 main battle tanks, armored vehicles, and o...