LG Group to invest $2.7 bn in decarbonization by 2030

South Korea's No. 4 conglomerate LG Corp. is set to accelerate its net zero by 2050 strategies.LG will invest 3.4 trillion won ($2.7 billion) by 203...

Doosan Bobcat moves into European market with compact tractors

Doosan Bobcat's small tractors for agriculture and landscaping will enter the European market. After entering America's ground maintenance equipment...

Korea Shipbuilding & Offshore Engineering ends fears over stock overhang

Korea Shipbuilding & Offshore Engineering (KSOE), a subholding company for shipbuilding, oil refining and machinery conglomerate HD Hyundai Co. ...

Korea’s new EV subsidy plan favors Hyundai over Tesla, other imports

South Korea is revising its electric vehicle subsidy plan in a way that favors local cars such as the Hyundai IONIQ 6 over imported vehicles, includ...

Hyundai Doosan Infracore bags $256 mn Turkey defense deal

Hyundai Doosan Infracore Co., a South Korean construction equipment maker, won a 313.1 billion won ($255.5 million) defense deal from Turkey, sugges...

MBK, Unison to expand Osstem Implant's target reach beyond China

South Korean private equity firm Unison Capital Korea is set to focus on boosting the corporate value of Osstem Implant Co., once the PE manager and...

NGeneBio to launch precision cancer test service in Thailand

South Korean medical diagnostic company NGeneBio Co. has partnered with MP Group, a large consignment testing agency in Thailand, to launch a precis...

Hyundai Motor opens Hyundai Mobility Lounge Kyoto Shijo

Hyundai Motor Co. is establishing a permanent location in Japan's Kansai region to allow customers to experience its eco-friendly cars such as the I...

Hyundai, Kia post record-high Jan. sales figures in US

Hyundai Motor Co. and Kia Corp. posted the highest sales record in the US market in January. Hyundai Motor America said on Wednesday that it sold 52...

KB Financial Group holds investment conference via metaverse

South Korea's KB Financial Group on Tuesday presented its investment philosophy to individual and institutional customers in the metaverse, a three-...

S.Korea's Samkang M&T undergoes relaunch with new name SK oceanplant

South Korea's Samkang M&T Co., a specialist in offshore wind plants and shipbuilding, has been renamed SK oceanplant under a strategy to raise t...

Hanmi's Rolvedon set to post $10 mn in Q4 net sales in US

South Korean drugmaker Hanmi Pharmaceutical Co.’s neutropenia agent, Rolvedon (eflapegrastim-xnst), is forecast to achieve about $10 million i...

Korean Air reports strongest performance ever in 2022

Korean Air Lines Co. had its strongest performance ever in 2022, as it successfully cashed in on a thriving cargo business and a full recovery in pa...

S.Korea likely to suffer recession as Jan exports tumble

South Korea is likely to head for a recession for the first time in three years as exports of Asia’s fourth-largest economy in January dropped...

KT to collaborate with Mongolia's Monnis Group in rare earth mining area

South Korea's telecom operator KT Corp. said on Wednesday that it has signed a memorandum of understanding (MOU) with Mongolia's Monnis Group for co...

SGC Solutions expands overseas sales channels for its brand Glasslock

South Korea's glassware maker SGC Solutions said Tuesday that it has signed a memorandum of understanding (MOU) with the Korea Small & Medium Bu...

LG Elec eyes profit from EV powertrain, car lighting biz

LG Electronics Inc., the world’s leading home appliance maker, aims to take profit from the electric vehicle powertrain and car lighting units...

Korea’s Hyundai Electric wins $86 mn transformer deal in US

Hyundai Electric & Energy Systems Co., a power equipment and energy solution affiliate of the world’s largest shipbuilding group holding c...

Hyundai Mobis bags record $4.6 bn orders from global carmakers

South Korea's Hyundai Mobis, a key affiliate of Hyundai Motor Group, last year enjoyed its best year in orders received from abroad.The company on T...

Samsung to advance solid-state battery output after record sales

South Korea’s Samsung SDI Co. reported its largest-ever profit and revenue last year, which will drive its efforts to produce solid-state batt...

Kakao Mobility to pursue joint development with 4 major delivery services

South Korea's transportation company Kakao Mobility on Monday said it concluded a "delivery service business agreement for joint development of the ...

Philip Morris, KT&G extend sales partnership to 2038

KT&G Corp., the world's fifth-largest tobacco maker, has extended its sales partnership with US cigarette giant Philip Morris International Inc....

Mobile Living Space: Hyundai’s new future mobility concept

A self-driving vehicle taking a passenger home and then docking into the building so that they can enter the house without being exposed to the outs...

Hyundai, Kia cars selected Best Imported Cars in Germany

Hyundai Motor Group was recognized for its overwhelming quality in Germany, which is widely considered the home of automobiles.Hyundai Motor Group s...

Hyundai Dept. Store introduces AI chatbot service Jellppo

Hyundai Department Store Co. said on Sunday that it would introduce the artificial intelligence (AI) chatbot "Jellppo." Jellppo is an AI-based one-o...

Samsung Biologics’ profit near doubles on strong orders

Samsung Biologics Co., the world’s top contract drugmaker, said its profit almost doubled last year thanks to more orders as its sales surged ...

KT&G refuses activist funds' call for ginseng biz spinoff

KT&G Corp., the world’s fifth-largest tobacco maker, on Thursday refused activist funds' requests to spin off and list its ginseng unit wh...

Hyundai vows $8.5 billion investment after record 2022 sales, profit

South Korea’s top automaker Hyundai Motor Co. said on Thursday it will spend 10.5 trillion won ($8.5 billion) this year to ramp up facilities ...

SK Telecom, Doosan Robotics launch AI-powered barista

South Korea's top mobile carrier SK Telecom Co. and Doosan Robotics Inc. have jointly launched an artificial intelligence-powered barista, SK Group'...

Celltrion Healthcare launches anti-cancer biosimilar Vegzelma in Japan

Celltrion Healthcare Co. Ltd. said on Thursday that it launched Vegzelma, a biosimilar to the anti-cancer drug Avastin (active ingredient: bevacizum...