Brokerages cut E-Mart’s share price target after disappointing Q2

South Korea’s largest hypermarket chain E-Mart Inc., a unit of domestic retail giant Shinsegae Group, on Wednesday posted disappointing second...

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 new US chip fab wins first foundry order from Groq

Samsung Electronics Co. has bagged the first foundry order for its new factory that will be up and running later next year in Taylor, Texas, from Am...

Citibank Korea’s H1 net profit more than doubles on-year

Global banking giants’ South Korean units saw their first-half earnings led by non-interest income and business expenditures. Citibank Korea&r...

S.Korean fighter jet FA-50 flies for first time in Europe

South Korea’s sole military aircraft manufacturer Korea Aerospace Industries Ltd. (KAI)'s FA-50 light fighters successfully made their debut i...

English tutoring startup Ringle accelerates service diversification

SILICON VALLEY – Ringle English Education Service, a South Korean startup operating a one-on-one English tutoring platform, is actively seekin...

Binggrae’s overseas exports soar to record in H1 2023

South Korean food and beverage company Binggrae reported a 27% year-on-year leap in overseas exports, hitting 77.5 billion won ($57.8 million) in th...

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...

Nomura says new shipbuilding orders peaked; Korean firms refute

Nomura Securities recently said global new shipbuilding orders likely peaked in 2022, slashing its stock recommendation rating on industry leader HD...

Tokio Marine seeks to sell SE Asia units to S.Korean companies

Japanese insurer Tokio Marine Holdings Inc. is seeking to sell its units in Southeast Asia for $1 billion to major South Korean companies looking fo...

S.Korean LLM war intensifies to fend off ChatGPT

South Korean technology companies, both big and small, are rushing to advance Korean large language models (LLM) to fend off the pioneering chatbot ...

S.Korea's Qurient, US National Cancer Institute to develop anti-cancer drug

South Korea's Qurient Co. announced on Monday that it signed a research and development agreement with the US government agency National Cancer Inst...

Cruise ship from China to visit S.Korea's Jeju Island on Aug. 31

Reservations for cruise ships visiting South Korea's Jeju Island are flooding in amid China's resumption of all group tours to its neighboring cou...

Paradise City, Ctrip to jointly launch S.Korean travel packages

Paradise City, an integrated resort in Incheon, announced on Monday that it has partnered with China's largest online travel agency Ctrip to introdu...

Korean game market needs new titles for breakthrough

South Korean game developers are struggling to revive gamers’ interest without releasing new blockbuster titles to fill the big shoes left by ...

S.Korea's CGBio gets FDA approval for spinal implant

CGBio, a South Korean bio-regenerative medical company, announced on Monday that its "Advanced LumFix spinal fixation system," an implant and surgic...

SK Geo Centric, China’s Sinopec mark 10-year alliance

China-Korea Petrochemical, a joint venture (JV) between South Korea’s SK Geo Centric and the Chinese public oil company Sinopec, celebrates it...

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...

SK Hynix ships DRAM with world’s largest capacity to Oppo

SK Hynix Inc., the world’s second-largest memory chipmaker, supplied DRAM chips with the industry’s largest capacity for mobile devices ...

S.Korea to deliver food safety management skill to Thai, Malaysian officials

The Ministry of Food and Drug Safety of South Korea announced on Friday that it will conduct an invited training program for food safety officials f...

S.Korea's Nongshim earns H1 operating profit of $89 million

South Korean food and beverage giant Nongshim Co. saw operating profit in the first half of the year more than double thanks to strong instant noodl...

S.Korea's Twelve Labs ranks among world's top 50 generative AI startups

South Korea’s Twelve Labs was included as the only Korean company in CB Insights’ first annual GenAI 50 ranking, a list of the world&rsq...

Samsung’s latest Galaxy smartphones, watches hit global markets

Samsung Electronics Co.'s latest models of its flagship Galaxy series of smartphones, watches and tablets have begun hitting the shelves of the comp...

Hanwha, Shell join S.Korea-Malaysia carbon capture project

Korea National Oil Corp., Hanwha Corp., Air Liquide Korea and Shell have become the latest entities to join the Shepherd CCS project, a major cross-...

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...

S.Korea is far more reliant on China for rare earth metal than Japan: report

South Korea is far more dependent than Japan on neodymium permanent magnets from China at 88%, while the rate for Japan, a land devoid of rare earth...

Hyundai's all-new Santa Fe to hit Korean market mid-August

Hyundai Motor Co.'s all-new Santa Fe will finally hit the market with presales to take place this Saturday in South Korea, where the mid-size sport ...

S.Korea's largest investment forum to begin Sept. 11

South Korea’s largest investment conference will be held in Seoul Sept. 11-15 with around 100 chief executives from global financial services ...

S.Korean think-tank lifts inflation forecast on oil prices

A South Korean government think-tank has raised its inflation prediction for this year due to the recent rise in oil prices and expectations that As...

LG Electronics’ projectors sweep world’s No. 3 golf market

Screen golf centers have become another gold mine for LG Electronics Inc. thanks to Koreans’ unwavering golf enthusiasm, which has made the wo...