Korea sales set to China to fall for 15th straight mth on property crisis

Korea sales set to China to fall for 15th straight mth on property crisis

South Korea’s exports to China are poised to slide for a 15th straight month with an expected deeper drop in August amid a faltering economic ...

BYD, KG Mobility in talks to build EV battery plant in Korea

BYD, KG Mobility in talks to build EV battery plant in Korea

BYD, the world’s No. 3 electric vehicle battery producer, and KG Mobility Corp., formerly Ssangyong Motor Co., are in talks to build a joint c...

Kia to revive Ray EV to kick start S.Korean city car market

Kia to revive Ray EV to kick start S.Korean city car market

Kia Corp., South Korea’s No. 2 automaker, aims to revitalize the local city car segment with the reintroduction of an electric version of the ...

Gaming giant Krafton to pour additional $150 mn into India

Gaming giant Krafton to pour additional $150 mn into India

South Korean gaming giant Krafton Inc., renowned for its global mega-hit PlayerUnknown’s Battlegrounds (PUBG), is slated to ramp up investment...

Gencurix supplies companion diagnostic kits to cancer center in India

Gencurix supplies companion diagnostic kits to cancer center in India

South Korean biotech company Gencurix Inc. on Friday said it started supplying its companion diagnostic test Droplex to a national cancer center in ...

POSCO Future M to produce nickel for cathodes in the Philippines

POSCO Future M to produce nickel for cathodes in the Philippines

South Korean battery materials maker POSCO Future M Co. is set to produce nickel in the Philippines to boost its cathodes supplies and improve profi...

Celltrion to merge with global sales affiliate by end-2023

Celltrion to merge with global sales affiliate by end-2023

South Korean pharmaceutical giant Celltrion Group has begun procedures to merge biopharmaceuticals developer and producer Celltrion Inc. with global...

SK Pharmteco gears up for big leap in advanced biotherapies

SK Pharmteco gears up for big leap in advanced biotherapies

SK Pharmteco Co., South Korean conglomerate SK Group’s contract development and manufacturing organization (CDMO), is upping the ante in its b...

SK On to expand domestic battery cell plant for $1.1 bn

SK On to expand domestic battery cell plant for $1.1 bn

SK On Co., a South Korean rechargeable battery maker, will make its largest-ever domestic facility investment of 1.5 trillion won ($1.1 billion) to ...

Hyundai acquires GM’s Indian plant, aims to sell more SUVs, EVs

Hyundai acquires GM’s Indian plant, aims to sell more SUVs, EVs

Hyundai Motor Co. has acquired a car manufacturing plant in India from General Motors Co. as South Korea's top automaker aims to expand its presence...

Samsung's Bespoke Qooker surpasses 200,000 units in sales

Samsung's Bespoke Qooker surpasses 200,000 units in sales

Samsung Electronics Co.'s Bespoke Qooker has exceeded cumulative sales of 200,000 units within two years since its launch.Bespoke Qooker is a vers...

Staying 5 hours on cruise ship in Busan raises sales 30%: study

Staying 5 hours on cruise ship in Busan raises sales 30%: study

With the resumption of international cruise ship travel to South Korea, domestic credit card company BC Card says daily sales in commercial district...

Rebidding Notice of Share Sales in PT Bayan Resources Tbk

Rebidding Notice of Share Sales in PT Bayan Resources Tbk

Rebidding Notice of Share Sales in PT Bayan Resources Tbk I. Overview of sale 1. Sellers: Korea Southern Power Co., Ltd.(“KOSPO”), K...

Samsung raises $2.2 billion via ASML stake sale for chip investment

Samsung raises $2.2 billion via ASML stake sale for chip investment

Samsung Electronics Co., the world’s largest memory chipmaker, has sold 3.55 million shares in Dutch chip equipment maker ASML Holding N.V. fo...

Korean C&R Research to set up US, Thai units for global biz

Korean C&R Research to set up US, Thai units for global biz

C&R Research Inc., South Korea’s top contract research organization (CRO), plans to establish units in the US and Thailand this year while...

Falling mineral prices to hit Korean battery materials makers

Falling mineral prices to hit Korean battery materials makers

South Korean battery materials makers are likely to report worsened profitability in the third quarter of this year as prices of lithium hydroxide a...

Hyundai's premium Genesis cars to break 1 million units in global sales

Hyundai's premium Genesis cars to break 1 million units in global sales

Genesis, the luxury car brand of Hyundai Motor Co., is on the verge of breaking the million mark in cumulative global sales this month in seven year...

Taihan Cable posts highest first-half operating profit in 20 years

Taihan Cable posts highest first-half operating profit in 20 years

South Korea's Taihan Cable & Solution Co. announced on Friday that its consolidated operating profit for the first half of this year reached 41....

S.Korea's Hanon Systems hits 'home run' with heat pump for EVs

S.Korea's Hanon Systems hits 'home run' with heat pump for EVs

Hanon Systems, a leading South Korean maker of automotive thermal management systems, posted surprising results in the second quarter in blowing awa...

Hyundai Mobis wins EV component supply deal from VW

Hyundai Mobis wins EV component supply deal from VW

South Korea’s Hyundai Mobis Co. has bagged a deal purportedly worth billions of dollars to supply a key electric vehicle component to Volkswag...

Toss’ TADA sale back to square one; its mobility push faces setback

Toss’ TADA sale back to square one; its mobility push faces setback

Viva Republica Inc., South Korea’s fintech unicorn operating mobile financial platform Toss, is at a crossroads as its second attempt to sell ...

SK Square to buy back $152 mn of its stocks by March 2024

SK Square to buy back $152 mn of its stocks by March 2024

South Korean investment firm SK Square Co. will buy back 200 billion won ($151.9 million) worth of corporate shares by March of next year as an effo...

Korean lifestyle brand Andar takes on Xexymix in athleisure market

Korean lifestyle brand Andar takes on Xexymix in athleisure market

South Korea's activewear maker Andar posted record quarterly sales of 61.6 billion won ($47 million), moving one step closer to retaking the market ...

Insatiable Hyundai Motor aspires to lead India with SUVs, EVs

Insatiable Hyundai Motor aspires to lead India with SUVs, EVs

Hyundai Motor Group must become “the first mover” in India, which has emerged as the next fierce battlefield for global car makers after...

Carmakers in race for low-cost EVs amid tepid sales growth

Carmakers in race for low-cost EVs amid tepid sales growth

Global carmakers such as Volkswagen, Hyundai Motor Group and Stellantis N.V. are in a race to release cheaper electric vehicles with the entry price...

LG Uplus to grow EV charging JV to be among Korea’s top 3

LG Uplus to grow EV charging JV to be among Korea’s top 3

LG Uplus Corp., South Korea’s third-largest mobile carrier, aims to develop its electric vehicle charging joint venture with Kakao Mobility Co...

Kia launches exclusive care service for EV9

Kia launches exclusive care service for EV9

South Korea's Kia Corp. announced on Tuesday that it will begin exclusive EV9 care services. The company will offer after-sale services throughout t...

Samsung leads Apple in smartphone sales, albeit less profitable

Samsung leads Apple in smartphone sales, albeit less profitable

Samsung Electronics Co. solidified its position as the world’s top smartphone vendor by volume in the second quarter, widening its sales gap w...

KDB girds up for Korean Air-Asiana deal collapse with Plan B

KDB girds up for Korean Air-Asiana deal collapse with Plan B

The state-run Korea Development Bank (KDB) is looking for alternative options to sell Asiana Airlines Inc. to prepare against a possible collapse of...

SK Nexilis to sell copper foil to German battery maker Varta

SK Nexilis to sell copper foil to German battery maker Varta

South Korea’s SK Nexilis Co. is set to supply copper foil, core materials for electric vehicle cells, to German battery maker Varta AG, expand...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race