CJ CheilJedang divests Chinese subsidiary Jixiangju for $235 mn

CJ CheilJedang divests Chinese subsidiary Jixiangju for $235 mn

South Korean food giant CJ CheilJedang Corp. announced on Monday that it has completely sold its ownership stake in its Chinese food subsidiary, Jix...

S.Korea's HD Hyundai chairman: We can’t rely on bad profits

S.Korea's HD Hyundai chairman: We can’t rely on bad profits

Kwon Oh-gap, chairman and co-CEO of South Korea's HD Hyundai Co., has ordered his company not to rely on “bad profits” gained from tempo...

Doosan Bobcat logs strong earnings on N.America price hikes

Doosan Bobcat logs strong earnings on N.America price hikes

Doosan Bobcat Inc., the construction and agricultural machine manufacturer of South Korea’s Doosan Group, enjoyed strong earnings on still-sol...

Volvo tops S.Koreans’ favorite foreign car survey list for service

Volvo tops S.Koreans’ favorite foreign car survey list for service

Sweden's Volvo offers the best after-sales service among imported automobile dealers in South Korea, while locals drivers are disappointed by the cu...

S.Korean tire producers rally on strong demand, low costs

S.Korean tire producers rally on strong demand, low costs

South Korean tire manufacturers enjoyed healthy earnings thanks to strong global demand for electric vehicles and new cars adding to expectations th...

Hyundai, Kia deploy CO2 emission monitor system for cooperative firms

Hyundai, Kia deploy CO2 emission monitor system for cooperative firms

South Korea's Hyundai Motor Co. and Kia Corp. revealed on Friday their AI-integrated, blockchain-enabled Supplier CO2 Emission Monitoring System (SC...

Hanwha Group puts savings bank on market, a clear succession path

Hanwha Group puts savings bank on market, a clear succession path

Hanwha Group, South Korea’s chemicals-to-defense conglomerate, has put its non-core financial unit Hanwha Savings Bank up for sale, in a move ...

Boryung Pharma's sales surpass $311 mn in H1 2023

Boryung Pharma's sales surpass $311 mn in H1 2023

South Korea’s Boryung Corp. has alleviated the fear of falling behind in its sector expressed by its third-generation chairman Jay Kim Jung-Gy...

KT, LG Elec, Hyundai Elevator join robot-elevator project

KT, LG Elec, Hyundai Elevator join robot-elevator project

A robot freely gets on and off an elevator and moves around a building, doing everything from coffee to parcel delivery and route guidance.This is t...

Samyang’s Hot Chicken Flavor Ramen sales exceed 5 bn

Samyang’s Hot Chicken Flavor Ramen sales exceed 5 bn

South Korea's Samyang Foods Co. announced on Friday that the cumulative sales of ramen with its Hot Chicken Flavor Ramen, or Buldak-bokkeum-myeon br...

S.Korea’s aid service Boram Group enters companion animal market

S.Korea’s aid service Boram Group enters companion animal market

South Korea’s Boram Group, whose main affiliate is an aid company, has entered the companion animal market.  Affiliates Boram Sangjo and ...

LG Energy lifts sales guidance; Samsung SDI sees firm growth

LG Energy lifts sales guidance; Samsung SDI sees firm growth

South Korean electric vehicle battery maker are offered upbeat market outlooks, gaining structural growth momentum through strong competitiveness wi...

Hyundai Motor eyes EV charger alliance in US to take on Tesla

Hyundai Motor eyes EV charger alliance in US to take on Tesla

South Korea’s Hyundai Motor Co. and Kia Corp. are planning to join BMW, General Motors, Honda Motor, Mercedes-Benz and Stellantis to collectiv...

Hyundai partners with 5 universities for carbon neutrality center

Hyundai partners with 5 universities for carbon neutrality center

In a bid to accelerate the development of carbon-neutral technologies, Hyundai Motor Group has joined forces with prominent domestic universities.Th...

HD Hyundai XiteSolution to surpport Ukraine's reconstruction

HD Hyundai XiteSolution to surpport Ukraine's reconstruction

HD Hyundai Co. announced on Thursday that Dmytro Ponomarenko, the Ukrainian Ambassador to South Korea, and his delegation visited the Pangyo HD Hyun...

GS E&C faces heavy loss in Q2 due to apartment reconstruction plan

GS E&C faces heavy loss in Q2 due to apartment reconstruction plan

GS Engineering & Construction Co., South Korea’s major construction firm, posted a quarterly operating loss in the April-June period for t...

Hyundai Steel extends profit streak in Q2 on brisk auto steel sales

Hyundai Steel extends profit streak in Q2 on brisk auto steel sales

Hyundai Steel Co., South Korea’s second-largest steelmaker, plans to ramp up automotive and eco-friendly steel production after posting an ope...

Lunit to supply AI diagnosis solution to Saudi's medical institution

Lunit to supply AI diagnosis solution to Saudi's medical institution

South Korea's medical AI company Lunit announced on Wednesday that it has signed a contract to supply its artificial intelligence (AI) solution for ...

Hyundai Motor lifts guidance after record-high Q2 results

Hyundai Motor lifts guidance after record-high Q2 results

South Korea’s Hyundai Motor Co. on Wednesday posted its highest-ever quarterly profit, which came in above market expectations, driven by robu...

Boy group Seventeen’s ‘Rock with You’ video hits 100 mn views

Boy group Seventeen’s ‘Rock with You’ video hits 100 mn views

Seventeen's "Rock with You" music video has surpassed 100 million views on YouTube, the group's agency PLEDIS Entertainment announced on Wednesday.T...

Hyundai launches high-performance brand New Avante N

Hyundai launches high-performance brand New Avante N

South Korea's Hyundai Motor Co. on Wednesday unveiled the latest version of its high-performance N brand's flagship model, the "New Avante N".The hi...

Hyundai, Kia, Toyota unveil new SUVs in head-to-head showdown

Hyundai, Kia, Toyota unveil new SUVs in head-to-head showdown

South Korea’s two largest automakers – Hyundai Motor Co. and Kia Corp. – are set to compete head-to-head with Japan’s top ca...

Hyundai Motor Group, Seoul Univ. to jointly develop battery

Hyundai Motor Group, Seoul Univ. to jointly develop battery

Hyundai Motor Group opened a joint battery research center at Seoul National University, marking its full-fledged foray into next-generation battery...

Huons’ overseas market expansion leads to record-high sales

Huons’ overseas market expansion leads to record-high sales

South Korea's Huons Group is continuing its record-breaking performance while expanding its influence in the global market.According to Huons Group ...

HD Hyundai Infracore to sell excavator on TV home shopping

HD Hyundai Infracore to sell excavator on TV home shopping

South Korea’s HD Hyundai Infracore Co. will be the nation’s first to sell an excavator, a piece of heavy equipment weighing nearly two...

Kia unveils The New Sorento's design

Kia unveils The New Sorento's design

Kia Corp. unveiled "The New Sorento," the latest model of their mid-sized sports utility vehicle (SUV) on Tuesday. The redesigned SUV reflects Kia's...

Kwangdong to sell exclusively three global rare disease drugs

Kwangdong to sell exclusively three global rare disease drugs

South Korean pharmaceutical company Kwangdong Pharmaceutical announced on Monday that it signed an agreement for securing exclusive sales and distri...

End of an era: Hyundai, Kia say goodbye to diesel-powered Porters, Bongos

End of an era: Hyundai, Kia say goodbye to diesel-powered Porters, Bongos

Hyundai Motor Co. and Kia Corp. will cease manufacturing diesel-powered compact trucks in November and replace them with liquefied petroleum gas (LP...

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...

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