LG Household acquires The Crème Shop for US expansion

LG Household acquires The Crème Shop for US expansion

LG Household & Health Care Ltd. has acquired a controlling stake in The Crème Shop Inc. as it seeks to expand its presence in the US beau...

Korean firewater lures more young Japanese

Korean firewater lures more young Japanese

South Korea’s distilled spirit soju is alluring more young drinkers in Japan, the home of its rival liquor shochu, as K-content such as drama ...

LS Group may raise stake in LS-Nikko Copper to 90%

LS Group may raise stake in LS-Nikko Copper to 90%

South Korea's LS Group is considering buying an additional stake in LS-Nikko Copper Inc. to boost its stake in the world’s second-largest elec...

South Korean exporters fret over tumbling yen

South Korean exporters fret over tumbling yen

South Korean exporters such as Hyundai Motor Co. and Kia Corp. are jittery as the country’s won currency hit its strongest level versus the Ja...

S.Koreans boost Japanese yen savings to record high

S.Koreans boost Japanese yen savings to record high

The sliding yen has prompted South Korean importers and households to go bargain-hunting for the Japanese currency, which they believe is near its t...

Hyundai to make IONIQ 5 in Indonesia, EV hub for ASEAN market

Hyundai to make IONIQ 5 in Indonesia, EV hub for ASEAN market

Hyundai Motor Co. has started mass producing its iconic all-electric crossover IONIQ 5 at its newly built plant in Indonesia, a country that the top...

Korea reopening stocks rally as govt. eases COVID-19 restrictions

Korea reopening stocks rally as govt. eases COVID-19 restrictions

South Korea’s reopening stocks jumped on Friday as the government eases COVID-19-curbing restrictions and as the number of the Omicron variant...

Lotte says to become the norm in metaverse retail space

Lotte says to become the norm in metaverse retail space

Lotte Group Chairman Shin Dong-bin is so determined to make the metaverse the group's next playing field that he recently proposed a metaverse meeti...

LS-Nikko Copper to sell $670 million JV stake to Korean PEFs

LS-Nikko Copper to sell $670 million JV stake to Korean PEFs

LS-Nikko Copper Co., the world’s second-largest electrolytic copper maker, is set to sell an 800 billion won ($670 million) stake in a joint v...

SK Hynix to benefit from Western Digital production disruption

SK Hynix to benefit from Western Digital production disruption

South Korea’s SK Hynix Inc., the world’s second-largest memory chipmaker, is expected to be a key beneficiary from production disruption...

Shopping platform Queenit receives $43 mn funding from VC juggernauts

Shopping platform Queenit receives $43 mn funding from VC juggernauts

Online shopping platform Queenit recently received 36 billion won ($30 million) from Kakao Ventures Corp., SoftBank Ventures Korea Corp. and more,...

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...

Korean tire makers to raise prices on higher costs

Korean tire makers to raise prices on higher costs

South Korea’s three leading tire makers joined the global industry’s plans to raise product prices to maintain profitability amid higher...

Korean duty free shops take opposite paths to draw Chinese shoppers

Korean duty free shops take opposite paths to draw Chinese shoppers

There appear to be two diverging roads for South Korea's top duty free operators Lotte and Shilla: expanding outside China, or going deeper inside t...

End of No-Japanese boycott? Uniqlo Korea turns to black

End of No-Japanese boycott? Uniqlo Korea turns to black

Japanese companies operating in South Korea are making a comeback after being hit hard by a campaign that began in mid-2019 to boycott Japanese prod...

Lotte Chemical seeks to acquire Japanese specialty chemical firms

Lotte Chemical seeks to acquire Japanese specialty chemical firms

Lotte Chemical Corp. is seeking to acquire major stakes in a few specialty chemical companies in Japan as the South Korean company aims to expand it...

Jeju as Korea's new shopping mecca: Shinsegae's task ahead

Jeju as Korea's new shopping mecca: Shinsegae's task ahead

Unlike Hawaii and Las Vegas, there is one thing missing on Jeju Island, South Korea's top tourist destination: premium outlets.The island hosted 15 ...

Hyundai to target Southeast Asia EV market from Indonesia

Hyundai to target Southeast Asia EV market from Indonesia

Hyundai Motor Group chairman Chung Euisun has declared that the world’s fifth-largest carmaker will target the electric vehicle market in Sout...

Lotte Shopping to acquire furniture maker Hanssem with IMM PE

Lotte Shopping to acquire furniture maker Hanssem with IMM PE

Lotte Shopping Co., South Korea’s top department store operator, is set to acquire Hanssem Co. with IMM Private Equity.IMM PE selected Lotte S...

Korea's plus-size fashion mall 09Women readies for 2022 IPO

Korea's plus-size fashion mall 09Women readies for 2022 IPO

The successful initial public offering of California-based plus-size fashion company Torrid Holdings Inc. has drawn attention to 09Women Co., a Sout...

Sumitomo Chemical to build $90 million photoresist plant in S.Korea

Sumitomo Chemical to build $90 million photoresist plant in S.Korea

Japan’s major chemical company Sumitomo Chemical Co. will invest more than 10 billion yen ($91 million) in South Korea to manufacture photores...

Chinese, Korean carmakers penetrate Japanese-dominated Indonesia

Chinese, Korean carmakers penetrate Japanese-dominated Indonesia

Hyundai Motor Co. is set to start producing automobiles in Indonesia around the end of this year to attract drivers in the Southeast Asia’s ...

S.Korean govt to spend $5.4 bn to develop sensors, improve EV repair

S.Korean govt to spend $5.4 bn to develop sensors, improve EV repair

South Korean government will spend 6.3 trillion won ($5.4 billion) next year in supporting the state-designated Big 3 industries: future vehicles, n...

‘Revenge shopping’ lifts Korean retail giants’ Q2 earnings

‘Revenge shopping’ lifts Korean retail giants’ Q2 earnings

Major department stores in South Korea such as Shinsegae Department Store and Hyundai Department Store Co. have seen their earnings improve signific...

Apple adds LG Elec to iPhone vendor list in Korea

Apple adds LG Elec to iPhone vendor list in Korea

LG Electronics Inc. will begin to sell Apple Inc.'s iPhone at its retail stores across South Korea from mid-August, as the Korean home appliance mak...

Metaverse platform Maxst makes strong debut on Kosdaq

Metaverse platform Maxst makes strong debut on Kosdaq

South Korea-based metaverse platform Maxst Co. made a strong debut on the country’s tech-heavy junior bourse Kosdaq on July 27 with its share ...

Naver to boost content, shopping businesses in Q4 via Shinsegae alliance

Naver to boost content, shopping businesses in Q4 via Shinsegae alliance

South Korea’s top portal operator Naver Corp. plans to beef up its shopping and content businesses in the second half of this year, backed by ...

Nintendo Korea logs record-high revenue despite boycott of Japanese goods

Nintendo Korea logs record-high revenue despite boycott of Japanese goods

Japanese video game giant Nintendo Co. posted an all-time high revenue in South Korea last year despite consumers boycotting Japanese products. The ...

Strong China sales lift Cosmax shares 20% in two months

Strong China sales lift Cosmax shares 20% in two months

Korea’s leading cosmetics manufacturer Cosmax Inc.’s share price is skyrocketing this year, thanks to the company's strong performance i...

Hyundai, Kia outrival Japanese carmakers in India, other emerging markets

Hyundai, Kia outrival Japanese carmakers in India, other emerging markets

India, one of the world’s fastest-growing auto markets, has for decades been dominated by Japan’s Suzuki Motor Corp., which runs Maruti ...

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