SK Hynix to use 30% recycled materials by 2030
SK Hynix Inc., the world's second-largest memory chip producer, announced on Tuesday that it has established a medium- to long-term plan to utilize ...
Korean steelmakers to raise prices further
South Korea’s top steelmaker POSCO Holdings Inc. and its domestic peers are poised to raise product prices further to cut losses amid surging ...
Samsung gets global carbon reduction certification for TV
Samsung Electronics Co. announced on Monday that its eight product series in 2024 Neo QLED 4K and 8K, OLED, and The Frame lineups have received th...
After frozen Kimbap craze, here comes Korean street food
It all began in August, when hundreds of tons of frozen South Korean kimbap, or seaweed-wrapped rice rolls, sold out within a month of their arrival...
POSCO Int’l teams up with UAE for blue hydrogen
POSCO International Corp. and POSCO Holdings Inc. announced on Wednesday that they signed a strategic collaboration agreement (SCA) with the Abu Dha...
Doosan Bobcat showcases hydrogen-powered forklift in S.Korea
Doosan Bobcat, the construction and agricultural machine manufacturer of South Korea’s Doosan Group, has commercialized hydrogen-powered forkl...
Korean banks stop ELS sales after HSCEI debacle
South Korean banks are scurrying to suspend the sale of equity-linked securities (ELS) after the country’s financial regulator said it may con...
Korean convenience stores push exports of own brand products
South Korean convenience store chains are accelerating exports of food products under their private brands as the domestic market competition is int...
S.Korean trading companies boost profits by diversifying businesses
POSCO International Corp. joined the "1 trillion won ($751 million) profit club" for the first time in 2023, powered by a near doubling of its energ...
Kakao to replace K-pop pioneer SM execs over poor governance
Kakao Corp. is set to replace executives of SM Entertainment Co., who ousted its founder Lee Soo-man when the South Korean mobile giant acquired the...
Lotte Mart debuts Korean street food store in Indonesia
South Korea's Lotte Mart has introduced its first specialized grocery store overseas, announcing the opening of its revamped Gandaria store in Jakar...
Nongshim to open brand zone in Myeongdong, Seoul
South Korean food and beverage giant Nongshim Co. announced on Friday that it will open its brand zone in Myeongdong, Seoul with the domestic street...
Orion, VNUA to team up for potato production
South Korea’s confectionery and snack maker Orion Corp. announced on Friday that it signed a strategic partnership agreement with the Institut...
OCI to strengthen solar energy biz in Malaysia
OCI Holdings Co. announced on Thursday that it hosted a charity event in Sarawak, Malaysia, aiming to strengthen local ties in the region home to it...
SK Hynix swings to profit; sees 60% surge in HBM demand
SK Hynix Inc. turned a profit in the last quarter of 2023, reversing losses over the past four quarters as high-performance chips such as doubl...
Kia posts record 2023 sales, profit with bold 2024 business targets
Kia Corp., South Korea’s second-largest automaker, on Thursday posted record 2023 profit and sales revenue, driven by strong sales of pricey m...
Samsung opens premium experience store in Mumbai
Samsung Electronics Co. announced on Tuesday that it opened a flagship premium experience store Samsung BKC in Mumbai, India. Samsung BKC, spread ac...
PEs exit Korean assets at average 2.5 times purchase price
Global private equity firms, which recover their principal investment in South Korea, sell their assets for 2.5 times the purchase price on average,...
Hyundai unveils aerodynamic tech to increase EV mileage
Hyundai Motor Group on Tuesday unveiled an aerodynamic technology to increase electric vehicles’ mileage as the world’s third-largest au...
Global X to liquidate China-exposed ETFs on poor returns
Global X ETFs, the New York-based provider of exchange-traded funds, will liquidate 19 ETFs, including 11 China-exposed funds, next month to stop th...
LG gets global AI management system certification
LG Electronics Inc. announced on Monday that it has received the Artificial Intelligence Management System (ISO/IEC 42001) certification, an interna...
Korean investors doomed to suffer $171 mn losses from HSCEI ELS
South Korean investors have already suffered about 230 billion won ($171 million) losses from their investments in equity-linked securities (ELS) ti...
Piccoma sees record transaction value in Japan on K-webtoons
Piccoma, a Japanese digital comics app, enjoyed its largest-ever transaction value last year in the home of manga, thanks to the growing popularity ...
S.Korea to scrap capital gains taxes on financial products
South Korea will scrap a plan to impose taxes on capital gains from financial products for all shareholders and further lower securities transaction...
Korea's LX International buys Indonesian nickel miner for $100 mn
South Korean trading firm LX International Corp. said on Tuesday that it has acquired a 60% stake in Indonesian miner PT Adhi Kartiko Pratama (AKP)&...
Yes to cannabis but no to bitcoin?
Aftershocks continue in the South Korean financial market following the country’s financial regulator’s ban on the trading of spot bitco...
Bibigo, K-food a success case in Harvard Business School study
Harvard Business School students are set to study the success of South Korean foods in the global market through the case of Bibigo, the leading bra...
Foreign-listed bitcoin ETF trading suspended in S.Korea
South Korean investors’ years-long trading of spot-bitcoin exchange-traded funds (ETFs) listed in Canada and Germany was abruptly suspended du...
Samsung to double HBM chip production to lead on-device AI chip era
LAS VEGAS – Samsung Electronics Co., the world’s largest memory chipmaker, plans to more than double its high bandwidth memory (HBM) chi...
Hyundai, Samsung-backed startups vie for spotlight at CES
LAS VEGAS – At CES, big tech names often take center stage but this is also a dream place for underdogs to become rising stars with unconventi...
