S.Korea's EcoPro to seek local talent in Hungary

S.Korea's EcoPro to seek local talent in Hungary

South Korean battery materials manufacturer EcoPro Co. announced on Monday that it partnered with the Debrecen Vocational Training Center in Debrece...

Cooling demand sparks layoffs at Korean spirits importers

Cooling demand sparks layoffs at Korean spirits importers

Dwindling demand for foreign beers and whiskeys in South Korea has led some local liquor importers to let go of some staff, spurring concerns about ...

LG opens ‘Life’s Good’ experience space in Singapore

LG opens ‘Life’s Good’ experience space in Singapore

LG Electronics Inc. announced on Monday that it opened its "Life's Good" brand experience space in Singapore. Located in the upscale Millenia Walk m...

LG Electronics puts focus on customers to drive growth

LG Electronics puts focus on customers to drive growth

LG Electronics Inc., transitioning into a smart life solution platform company from a simple white goods manufacturer, will enhance its customer-cen...

S.Korea to build new English disclosure system

S.Korea to build new English disclosure system

South Korea’s Financial Supervisory Service (FSS) announced on Feb. 18 that it will broaden the scope of its English electronic disclosure ser...

S.Korean refiners’ competition in EV lubricants sector intensifies

S.Korean refiners’ competition in EV lubricants sector intensifies

Refiners in South Korea are in a race to expand their presence in the electric vehicle lubricants market through overseas production facilities and ...

SK Networks looks to triple operating profit by 2026 with AI

SK Networks looks to triple operating profit by 2026 with AI

SK Networks Co., a South Korean trading and rental company actively investing in tech firms in recent years, will step up its efforts to transform i...

S.Koreans flock to funds, liquid assets out of term deposits

S.Koreans flock to funds, liquid assets out of term deposits

South Korean companies and households flocked to investment funds and short-term deposits in December last year, pulling out of money market funds a...

Korea's job growth at 10-month high despite weak youth employment

Korea's job growth at 10-month high despite weak youth employment

South Korea’s job increases rose for a second straight month to a 10-month high in January thanks to higher employment of the older, although ...

Genesis G80, GV70 electric models win Canada Car of the Year awards

Genesis G80, GV70 electric models win Canada Car of the Year awards

Hyundai Motor Co. 's premium brand Genesis announced on Friday that its Electrified G80 and Electrified GV70 earned prizes at the 2024 Canadian Ca...

Korea's military fund, LIG Nex1, IBK to form $60 mn defense fund

Korea's military fund, LIG Nex1, IBK to form $60 mn defense fund

South Korea’s Military Mutual Aid Association (MMAA), a retirement savings fund for military personnel, will create an 80 billion won ($60 mil...

S.Korean used cars flow into Russia via Central Asia

S.Korean used cars flow into Russia via Central Asia

Used cars from South Korea are being funneled into Russia via Kazakhstan and Kyrgyzstan, according to automobile industry sources on Friday. These...

Samsung wins first 2 nm AI chip order from Japan’s PFN; a snub to TSMC

Samsung wins first 2 nm AI chip order from Japan’s PFN; a snub to TSMC

Samsung Electronics Co., the world’s largest memory chipmaker, has won its first 2-nanometer node artificial intelligence chip production cont...

South Korea's car exports to US hit record high in 2023

South Korea's car exports to US hit record high in 2023

South Korea’s car exports to the US surged 44.6% on-year to a record high of $32.2 billion in 2023, making up the lion’s share of South ...

Sindoh to tap ex-STIC Investments exec Seo as CEO, spur M&As

Sindoh to tap ex-STIC Investments exec Seo as CEO, spur M&As

Sindoh Co., a leading manufacturer of multi-functional printers in South Korea, is set to tap an investment banking expert as its chief executive. W...

Mirae Asset, Bloomberg to team up to develop ETFs

Mirae Asset, Bloomberg to team up to develop ETFs

Mirae Asset Global Investments Co., an asset manager under South Korea's financial service giant Mirae Asset Financial Group, will develop exchange-...

Family feud at Kumho Petrochem set to reignite

Family feud at Kumho Petrochem set to reignite

Park Chul-whan, the nephew of Kumho Petrochemical Co.'s former Chairman Park Chan-koo, has launched a proxy fight jointly with an activist fund, fue...

LG Energy to produce 4680 batteries in August for Tesla, others: CEO

LG Energy to produce 4680 batteries in August for Tesla, others: CEO

LG Energy Solution Ltd., the world’s third-largest battery maker, plans to begin mass production of larger format cylindrical cells used by Te...

South Korea’s corporate tax-to-GDP ratio hits record high

South Korea’s corporate tax-to-GDP ratio hits record high

South Korean companies paid more corporate taxes than their rivals in developed countries in 2022, losing competitiveness, with the nation’s c...

Nature Republic opens first store at Dubai Mall

Nature Republic opens first store at Dubai Mall

South Korean beauty brand Nature Republic announced on Thursday that it opened its first store at Dubai Mall, the largest shopping mall in Dubai, ...

Celltrion to deliver three treatments to Peru

Celltrion to deliver three treatments to Peru

South Korea’s Celltrion Inc. announced on Thursday that it will supply three treatments, including its blood cancer drug Truxima (rituximab) t...

India's love for Korean pizza spurs Gopizza’s global business

India's love for Korean pizza spurs Gopizza’s global business

South Korea’s Gopizza Inc. opened its 50th branch in India, the world’s most populous country, as the food tech startup aims to attract ...

South Korea establishes diplomatic ties with Cuba

South Korea establishes diplomatic ties with Cuba

South Korea has established diplomatic relations with Cuba, a close ally of North Korea, Seoul said on Wednesday. Cuba had long been the only count...

Korea gives the nod for foreign workers at plant construction sites  

Korea gives the nod for foreign workers at plant construction sites  

South Korea is expected to allow foreigners to work at plant construction sites nearly two decades after non-native Koreans were banned from those p...

S.Korean government seeks to lower streaming service rates

S.Korean government seeks to lower streaming service rates

The South Korean government is seeking to lower the country’s video streaming service, or over-the-top (OTT) media service, rates as part of i...

Kyobo Life CEO Shin Chang-jae: Eccentric, humanitarian entrepreneur

Kyobo Life CEO Shin Chang-jae: Eccentric, humanitarian entrepreneur

When Shin Chang-jae took the helm of Kyobo Life Insurance Co. in 2000 the South Korean insurance firm was reeling from the aftermath of the 1998 Asi...

Korea’s GS offers dim outlook after weak earnings; stocks down

Korea’s GS offers dim outlook after weak earnings; stocks down

GS Holdings Corp., the holding company of South Korea’s energy-to-retail conglomerate GS Group, on Wednesday provided a dismal business outloo...

BMW joins other foreign brands’ moves to use domestic car GPS in Korea

BMW joins other foreign brands’ moves to use domestic car GPS in Korea

German luxury carmaker BMW Group is installing domestic GPS navigation systems in models sold in South Korea, joining other imported car brands&rsqu...

Hankook Tire to supply tires to Toyota truck Hino

Hankook Tire to supply tires to Toyota truck Hino

Hankook Tire & Technology announced on Wednesday that it will supply new tires for the mid-sized truck Hino from the Japanese Toyota Group.The t...

Shortt gets 400 mn views in one year in SE Asian market

Shortt gets 400 mn views in one year in SE Asian market

Shortt, a South Korean short form content company, announced on Wednesday that it has got a total of 400 million views of its campaigns for South Ko...

S.Korean game developer Krafton acquires Japan’s ADK for $517 million S.Korea's stablecoin frenzy fuels stock rally despite regulatory uncertainty SK Hynix joins Samsung in 200 trillion won market cap club Samsung on hiring spree to bolster US foundry sales LS Electric poised to join Nvidia's supply chain via Vertiv deal