Seoul reclaims spot as Japanese tourists' top destination after 11 yrs: HIS

Seoul has become the top destination for Japanese tourists for the first time since 2011, according to Japan’s leading travel agency HIS Gro...

LG HelloVision, S-1 to jointly enter home security market

South Korea's cable TV provider LG HelloVision and security company S-1 Corp.  announced they will jointly develop a home-based platform using ...

BOK takes 25-bp rate hike as won rebounds against dollar

South Korea’s central bank raised the base interest rate by 25 basis points to 3.25% during its monetary policy board meeting on Nov. 24, slow...

Korea to revise dividend policy to ease ‘Korea discount’ concerns

South Korea plans to revise its stock dividend policy as part of a broader financial market reform to help attract foreign investors and obtain MSCI...

SK, Doosan to launch hybrid EV fuel cell charging stations

South Korea’s SK Energy Co., refiner giant SK Innovation Co.’s petroleum production subsidiary, said on Tuesday it will join forces with...

Samsung, LG make over two-thirds of premium TVs sold worldwide

More than three in five premium TVs sold worldwide are made by either Samsung Electronics Co. or LG Electronics Inc. – a decent feat that help...

GM Korea to shut one production line to focus on small cars

General Motors Co. plans to shut down a production line in South Korea as the US automaking giant aims to focus on manufacturing small cars in the c...

KEPCO turns from bonds to banks for money on govt plans

Korea Electric Power Corp. (KEPCO) is set to raise 600 billion won ($442 million) from a local bank in a plan to seek loans to secure money instead ...

S. Korea's Kia 1st among UK car dealers for brand satisfaction

Kia Corp. has seen record-high auto sales in the UK thanks to having the highest brand satisfaction among British dealers.Industry sources on Monday...

Eco-friendly car registrations exceed 1.5 mn in Korea

The total number of registered eco-friendly vehicles in South Korea surpassed 1.5 million as of end-October, up 38.3% from 1.1 million compared to a...

Vertu, Motorola, Xiaomi eye Korean smartphone market as LG exits

South Korea’s smartphone market is notoriously hard for foreign mobile phone makers to crack. So hard that some people call it the “grav...

Hyundai’s Genesis G90 named MotorTrend’s 2023 Car of the Year

Hyundai Motor Co.'s G90, a flagship sedan under the South Korean automaker’s premium sub-brand Genesis, has been named the 2023 Car of the Yea...

Hyundai Glovis joins hands with Lion Group to move into Malaysian logistics market (edited)

Hyundai Glovis will enter the Southeast Asian logistics market in partnership with a large Malaysian company. The company, Hyundai Motor Group's log...

Hyundai Genesis to unveil electric-powered convertible concept car

Genesis, the luxury car brand of Hyundai Motor, has unveiled a convertible concept model in Southern California.In Malibu Tuesday, Genesis introduce...

Hyundai Glovis, Malaysia’s Lion Group to enter ASEAN logistics market

Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, said on Wednesday it has signed an initial agreement with Malaysi...

Hyundai launches fully revamped Grandeur; pre-orders jump

South Korean automaker Hyundai Motor Co. has unveiled a new Grandeur sedan – the first fully revamped model in six years – to strengthen...

South Korean burger franchise Lotteria looks to the US for expansion

South Korea’s fast food franchise Lotteria is planning to enter the United States, home to the world’s best-known burger franchises.&nbs...

Hyundai Motor, Indonesia to jointly enter ASEAN air mobility market

South Korea’s top automaker Hyundai Motor Group and Indonesia’s Nusantara Capital City Authority have agreed to jointly enter the Southe...

LG Uplus, Hyundai Motor Group in connected car service deal

LG Uplus Corp., South Korea’s third-largest mobile carrier, will supply exclusive wireless communications services to Hyundai Motor Group for ...

Hyundai Glovis signs $796 million shipping deal with global automaker

Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, said on Friday it has clinched a 1.05 trillion won ($796 million)...

Danggeun Market launches professional advertising solution

South Korean startup Danggeun Market, the operator of the country’s largest neighborhood marketplace app Karrot, is ramping up efforts to incr...

Korean retail brand F&F’s Chinese sales seen above $800 million

South Korean outdoor clothing retailer F&F Co. is expected to post 1.1 trillion won ($807 million) in sales revenue in China this year, emerging...

US water treatment juggernaut Culligan eyes Chungho Nais stake

Culligan, the biggest water treatment company in the United States, is set to become a major shareholder in South Korean water purifier rental firm ...

E-book platform Millie's Library drops IPO plan on tepid market interest

South Korean e-book platform Millie’s Library dropped its listing plan on Nov. 8 due to tepid demand from institutional investors, marking the...

NCSOFT invests $15 million in blockchain company Mysten Labs

NCSOFT Corp., which announced early this year plans to install non-fungible token (NFT) technology in the global version of its online role-playing ...

Microsoft CEO Nadella to speak at developers' forum in Seoul

Microsoft Korea said on Tuesday that it will host Microsoft Ignite Spotlight on Korea, an annual conference for developers and IT professionals, on ...

Korean life insurer eases bond market woes with buyback

A South Korean small insurer will buy back dollar perpetual bonds as scheduled, reversing its earlier decision not to recall the notes, to ease conc...

Korea's kimchi maker Daesang to build factory in Europe

South Korea's Daesang Corp. plans to build a kimchi factory in Poland as an outpost for entering the European market, where Korean food is hotter th...

Aekyung Chemical develops 1st domestically made refrigeration lubricant

Korea's Aekyung Chemical, an affiliate of Aekyung Group, along with GS Caltex, has made the nation's first localized refrigeration lubricant in line...

Samsung to only use Qualcomm’s AP for Galaxy S23 series

Samsung Electronics Co. is poised to release the Galaxy S23 series smartphones in mid-February, those familiar with the development told The Korea E...