SK On aims to dominate global battery market by 2030

 SK On aims to dominate global battery market by 2030

SK On Co. is on track to become the world’s No. 1 battery maker by 2030, the company said on Sunday. During an interview with the in-ho...

Samsung, LG dominate global TV market with premium models

Samsung, LG dominate global TV market with premium models

South Korea’s two home appliances giants – Samsung Electronics Co. and LG Electronics Inc. – dominated the global TV markets last ...

Samsung SDS joins hands with Amazon for global cloud business

Samsung SDS joins hands with Amazon for global cloud business

Samsung SDS Co., South Korea’s information technology service company, is set to expand its global cloud service business in cooperation with ...

LG Energy acquires ESS company in US from Japan's NEC

LG Energy acquires ESS company in US from Japan's NEC

LG Energy Solution Ltd. has acquired US-based NEC Energy Solutions to expand its capabilities into the energy storage system (ESS) integration mar...

NCSoft's 2021 profit halves on labor, marketing costs

NCSoft's 2021 profit halves on labor, marketing costs

South Korea's NCSoft Corp., the publisher of the popular mobile game Lineage series, on Tuesday reported a worse-than-expected operating profit in 2...

Samsung regains top spot in SE Asia smartphone market

Samsung regains top spot in SE Asia smartphone market

Samsung Electronics Co. outpaced Chinese rival Oppo last year to regain the top spot in the smartphone market in four major Southeast Asian countrie...

Hyundai Steel supplies high-strength steel for Genesis G80 EV, G90

Hyundai Steel supplies high-strength steel for Genesis G80 EV, G90

Hyundai Steel Co. is supplying its newly developed ultra-high-strength steel sheets for car bodies to Hyundai Motor Co. for its electric vehicles an...

Korean VCs bet big on pet care startups

Korean VCs bet big on pet care startups

Startups in the pet industry are gaining traction on the back of a rising number of pet owners in South Korea. Industry insiders say several pe...

Nuvilab uses the latest tech to tackle age-old issue of food waste

Nuvilab uses the latest tech to tackle age-old issue of food waste

South Korea’s food data analysis firm Nuvilab, Inc. is not a household name – at least yet. The startup is rather familiar to investors...

Hyundai to take fresh crack at Japan market with online EV sales

Hyundai to take fresh crack at Japan market with online EV sales

TOKYO – Hyundai Motor Co. is reentering the Japanese car market after a 12-year hiatus with its latest electric vehicles, as the growing deman...

Korea’s reopening stocks shine despite surging Omicron cases

Korea’s reopening stocks shine despite surging Omicron cases

South Korea’s reopening stocks rallied even as the local COVID-19 cases hit record-highs with the spread of the Omicron variant. Investors rai...

LG Energy to spend $1.7 bn to hike Michigan battery capacity fivefold

LG Energy to spend $1.7 bn to hike Michigan battery capacity fivefold

The world’s second-largest electric vehicle battery maker LG Energy Solution Ltd. is spending $1.7 billion to expand its battery production ca...

Kakao to launch webtoon service Piccoma in France

Kakao to launch webtoon service Piccoma in France

Kakao Corp. announced Sunday that it plans to launch the European version of its webtoon subscription service in either April or May of this year....

The Korea Economic Daily's index set for ETF market debut

The Korea Economic Daily's index set for ETF market debut

Exchange-traded funds (ETFs) have been solidifying their position in the investment market of Korea for the past years. Individual investors in Sout...

With the Genesis GV60, you can charge without a plug

With the Genesis GV60, you can charge without a plug

Hyundai Motor Co. is rolling out a wireless charging system for its latest premium electric crossover, the GV60, amid intensifying competition among...

Game developers rush to launch their own digital coins

Game developers rush to launch their own digital coins

South Korea’s game developers are in a tight race to create their own digital tokens and to build viable ecosystems that utilize these cryptoc...

Krafton invests $5.4 mn in India’s sports game studio

Krafton invests $5.4 mn in India’s sports game studio

Krafton Inc. said it invested $5.4 million in India’s mobile game development studio Nautilus Mobile as the South Korean producer of PlayerUnk...

Hyundai, Kia post record US car sales as Japanese firms struggle

Hyundai, Kia post record US car sales as Japanese firms struggle

Hyundai Motor Co. and Kia Corp., the two automaking units of Hyundai Motor Group, saw their combined auto sales in the US rise to their highest leve...

POSCO wins shareholder support to launch holding firm

POSCO wins shareholder support to launch holding firm

South Korea's POSCO Co. will transform into a holding company structure on Mar. 2, after its plan to split itself into a holding firm and a steelmak...

Hyundai Engineering drops IPO plan on stock market weakness

Hyundai Engineering drops IPO plan on stock market weakness

Hyundai Engineering Co., the plant engineering and construction unit of South Korea’s Hyundai Motor Group, dropped a listing plan to raise up ...

Samsung SDI in talks with global automaker for battery joint venture

Samsung SDI in talks with global automaker for battery joint venture

South Korea’s Samsung SDI Co. is in talks with a global automaker to launch a battery production joint venture following its partnership last ...

Kospi melts as Fed, LG Energy spur foreign selling

Kospi melts as Fed, LG Energy spur foreign selling

South Korean stocks lost ground with the main index entering a bear market on Thursday as foreign investors intensified their selling after the US F...

Aju sells San Jose-based hotel at $63 mn after five years

Aju sells San Jose-based hotel at $63 mn after five years

Aju Hotels & Resorts Co., a hospitality firm under Korean conglomerate Aju Group, has sold its San Jose-based hotel to an affiliate of US hosp...

Korea to reform FX market to join MSCI developed markets

Korea to reform FX market to join MSCI developed markets

South Korea is set to reform the local currency market as the country aims to reach MSCI Inc.’s developed market status for its domestic stock...

Lazard seeks to sell off fraud-hit Osstem Implant

Lazard seeks to sell off fraud-hit Osstem Implant

Lazard Asset Management has tapped multiple professional investors in South Korea to sell off its shares in Osstem Implant Co, worth $165 million, t...

Samsung to surprise market with Galaxy S22 at Feb Unpacked event

Samsung to surprise market with Galaxy S22 at Feb Unpacked event

Samsung Electronics Co., the world’s top smartphone maker, will unveil its latest Galaxy model at next month’s Unpacked event – a ...

Intel’s curious revelation of its ASML deal raises questions

Intel’s curious revelation of its ASML deal raises questions

Intel Corp.’s recent announcement that it is buying a new, advanced chipmaking tool from ASML Holding N.V. has raised questions about the ulte...

One in 10 Koreans rushes for LG Energy shares ahead of $8.6 billion IPO

One in 10 Koreans rushes for LG Energy shares ahead of $8.6 billion IPO

The world’s second-largest electric vehicle battery maker LG Energy Solution Ltd. has set a new record for initial public offering demand, wit...

EcoPro BM beats Kosdaq's top market cap Celltrion

EcoPro BM beats Kosdaq's top market cap Celltrion

EcoPro BM Co., a leading manufacturer of cathode material for secondary batteries, topped the market capitalization for Kosdaq-listed firms on Jan...

Doosan Robotics eyes $10 bn cobot market 

Doosan Robotics eyes $10 bn cobot market 

A robot with a humanoid arm is busy at work transporting parts inside Doosan Robotics’ manufacturing plant in Suwon City, Gyeonggi Province.&n...

Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media Return of the K-pop queens: Blackpink, Twice power up YG, JYP Samsung to launch AI health coach beta in US by end-2025 South Korea moves to mandate treasury share cancellation