S.Korea game sector remains in dark after poor earnings

South Korea’s game publishers reported dismal quarterly earnings, deepening concerns over their outlook this year amid doubts over measures su...

Kakao Bank announces record-high performance in 2022

South Korea's KakaoBank Corp. on Wednesday said its net profit last year reached a record-high 263.1 billion won ($208.6 million), up 28.9% from 202...

Fintech firm Kakao Pay logs first yearly net profit in 2022

Kakao Pay Corp., the mobile payment service unit of South Korean tech giant Kakao Corp., posted a net profit last year for the first time since its ...

K-pop pioneer SM engulfed in management dispute

Kakao Corp., South Korea’s mobile platform giant and operator of the country’s top messenger app Kakao Talk, is set to become the second...

Online portal Naver to release AI-powered search chatbot in H1

South Korean online portal giant Naver Corp. is set to launch a beta version of Search GPT, an artificial intelligence-powered search service, in th...

Two premium taxi apps mull tie-up to challenge Kakao

South Korea's two premium ride hailing apps TADA and i.M are considering a merger in a bid to challenge Kakao Mobility Corp., which commands about 9...

POSCO Int'l to expand LNG storage capacity for $810 mn

POSCO International Co. will sharply increase its liquefied natural gas (LNG) storage capacity by spending 1 trillion won ($810 million) to build a ...

Kakao Mobility enters Laos under biz strategy for Southeast Asia

South Korea's Kakao Mobility has entered Laos under a plan to use the country as a base for the transportation company's operations in Southeast Asi...

LG Elec eyes profit from EV powertrain, car lighting biz

LG Electronics Inc., the world’s leading home appliance maker, aims to take profit from the electric vehicle powertrain and car lighting units...

Samsung to showcase customized home appliances at KBIS 2023

Samsung Electronics Co. will showcase its home appliance lineup that focuses on sustainability and personalized design at the 2023 Kitchen & Bat...

Kakao Mobility to pursue joint development with 4 major delivery services

South Korea's transportation company Kakao Mobility on Monday said it concluded a "delivery service business agreement for joint development of the ...

Philip Morris, KT&G extend sales partnership to 2038

KT&G Corp., the world's fifth-largest tobacco maker, has extended its sales partnership with US cigarette giant Philip Morris International Inc....

GM Korea to launch Trax, Cadillac EV; likely turn to profit this year

GM Korea Co. expects to turn to profit this year after years of losses as the South Korean subsidiary of the US auto giant plans to bring six new an...

LG Elec targets indoor golf market with its ProBeam projector

LG Electronics Inc. is targeting the overseas indoor golf market with its premium commercial projector LG ProBeam.The company said on Thursday that ...

Kakao Pay and Hanwha Aerospace likely to be added to MSCI Korea Index

South Korea's Kakao Pay Corp. and Hanwha Aerospace Co. next month are expected to get newly incorporated into the MSCI Korean Index, which measures ...

LG UltraGear selected as official monitor for League of Legends

LG Electronics Inc. said on Tuesday that its UltraGear gaming monitor, with enhanced gamer-specific features, has been selected as the official moni...

Kakao Mobility launches future mobility hardware think tank

South Korea's Kakao Mobility has launched a think tank to study next-generation mobility hardware under the company's bid to lead overall innovation...

Samsung hires ex-Yogiyo CEO to lead online sales as rivals axe jobs

Samsung Electronics Co. has hired Kang Shin-bong, former chief executive of Yogiyo, South Korea’s second-largest food delivery platform, to le...

PIF, GIC to invest $964 mn in Korea's Kakao Entertainment

Saudi Arabia’s Public Investment Fund (PIF) and Singapore’s sovereign wealth fund GIC have agreed to invest a combined $964 million in K...

Naver secures largest stake in Spain's online marketplace Wallapop

Naver Corp. has made a massive additional investment in Wallapop, Spain's online market for used items and Europe's equivalent to Korea's Danggeun M...

POSCO opens first overseas venture incubating office in Silicon Valley

POSCO Group said on Wednesday that it has opened the first overseas office of ChangeUp Ground in Silicon Valley in the US.ChangeUp Ground is a start...

Kakao Pay likely to be included in MSCI index next month

South Korean mobile payment services firm Kakao Pay Corp. will be newly incorporated into the MSCI index next month, inducing an influx of more than...

CJ CheilJedang to expand K-food production facilities overseas

South Korean food giant CJ CheilJedang Corp. is slated to increase food manufacturing facilities globally and launch businesses in Australia, Canada...

LG Elec sweeps 1st place in Best Washers chosen by US consumers

LG Electronics Inc. swept this year's top spot in all major categories of best washing machines evaluated by Consumer Reports, a leading US consum...

Samsung to launch its first robot to assist with elderly care

Samsung Electronics Co., the world's largest memory chip and smartphone maker, is set to launch its first robot later this year to care for the elde...

Samsung’s Q4 profit tumbles; cuts 2023 chip profit forecast by half

Samsung Electronics Co., the world’s largest memory chip and smartphone maker, posted its worst quarterly operating profit in eight years on F...

LG Elec to increase partnerships for business expansion

LAS VEGAS -- LG Electronics Inc., the world’s top home appliance maker, is seeking more partnerships with global leading companies and increas...

HD Hyundai to boost offshore wind power, future ships, CEO says

LAS VEGAS – HD Hyundai Co., the largest shipbuilding conglomerate in South Korea, is set to diversify its future growth engines, focusing on s...

LG Elec, Magna expand partnership into self-driving tech

LAS VEGAS – LG Electronics Inc., the world’s top home appliance producer, expanded its partnership with Canadian car parts maker Magna I...

Samsung Elec to invest $46 mn in S.Korean robot maker

Samsung Electronics Co., the world’s largest memory chip and smartphone maker, is set to invest 59 billion won ($46.4 million) in South Korean...