Michael Jordan's Steakhouse to open in S.Korea

Michael Jordan's Steakhouse to open in S.Korea

Mohegan Inspire entertainment resort, which plans to be built near Incheon International Airport, will feature a restaurant and bar named after "His...

Hyundai E&C to commercialize CCS for the first time in S.Korea

Hyundai E&C to commercialize CCS for the first time in S.Korea

South Korea's Hyundai Engineering & Construction announced that it has won the contract for the preliminary front-end engineering and design (Pr...

Lotte Duty Free opens store at Australia's Melbourne Airport

Lotte Duty Free opens store at Australia's Melbourne Airport

South Korea's Lotte Duty Free announced on Thursday that it is opening a new store at Melbourne Airport in Australia and entering full-scale opera...

Korea's IPO market heats up with higher price cap for new stocks

Korea's IPO market heats up with higher price cap for new stocks

South Korea’s initial public offering market is heating up with some 30 firms set for new share subscriptions in July and August, more than su...

Everon attracts $39 mn thanks to hot VC demand for EV charging

Everon attracts $39 mn thanks to hot VC demand for EV charging

Everon, one of South Korea’s top three electric vehicle charging infrastructure and management service providers, raised 50 billion won ($39 m...

American patent trolls target S.Korean companies

American patent trolls target S.Korean companies

Over 80% of American companies that sued South Korean companies for patent infringement last year were non-practicing entities (NPE), or “pate...

EV9 SUV to be Kia’s 1st EV assembled in US

EV9 SUV to be Kia’s 1st EV assembled in US

Kia Corp. will spend over $200 million to transform part of its assembly plant in the US state of Georgia to manufacture its second all-electric SUV...

Samsung launches 98-inch Neo QLED 8K in S.Korea

Samsung launches 98-inch Neo QLED 8K in S.Korea

Samsung Electronics Co. announced on Thursday that it launches a new 98-inch Neo QLED 8K TV in South Korea. The new model is part of Samsung's effor...

S&P expects BOK to cut rate by 100 bps in 2024 for growth

S&P expects BOK to cut rate by 100 bps in 2024 for growth

South Korea’s central bank is expected to cut its policy interest rate by one percentage point next year with inflationary pressure easing fur...

Secondhand LNG carrier prices hit record high; prospects rosy

Secondhand LNG carrier prices hit record high; prospects rosy

Prices of secondhand liquefied natural gas (LNG) carriers are flying high, close to new LNG ship prices, amid tighter environmental regulations and ...

EcoPro’s Q2 earnings lag estimates; share plunges

EcoPro’s Q2 earnings lag estimates; share plunges

South Korean battery materials maker EcoPro Co. has logged second-quarter earnings below consensus estimates. Its share price, which has soared more...

Starbucks to offer super-size Trenta drinks in S.Korea

Starbucks to offer super-size Trenta drinks in S.Korea

Starbucks will roll out its biggest size for iced drinks, the Trenta, next week in South Korea, which was chosen as its first overseas market to int...

Go bolder with regulatory reform to foster unicorns in Korea: KERI

Go bolder with regulatory reform to foster unicorns in Korea: KERI

Regulatory reform is still slow in South Korea, obstructing innovation in technologies and industries, and the government must take bolder action to...

Shrinking youth jobs cast shadow over S.Korea’s labor market

Shrinking youth jobs cast shadow over S.Korea’s  labor market

Employment in South Korea extended its growth streak in June but its gains slowed for the third straight month, with youth jobs declining for eight ...

S.Korea’s petrochemical players boost plastic container recycling

S.Korea’s petrochemical players boost plastic container recycling

South Korea's major petrochemical companies have entered the sector for 100% recycled plastic containers through cooperation with food and cosmetics...

Hanwha Solutions, SK D&D team up for hydrogen fuel cell, solar power

Hanwha Solutions, SK D&D team up for hydrogen fuel cell, solar power

South Korea's Hanwha Solutions Corp. and SK D&D have signed a strategic memorandum of understanding (MOU) to jointly pursue hydrogen fuel cell...

Retail investors test EcoPro’s upside as Korea’s GameStop

Retail investors test EcoPro’s upside as Korea’s GameStop

Shares of EcoPro Co., a South Korean battery materials maker, have skyrocketed this year, rising 848% year to date to break above the 1 million won ...

Korea’s NPS bets on more local semiconductor stocks in Q2

Korea’s NPS bets on more local semiconductor stocks in Q2

National Pension Service (NPS) of South Korea, the world’s third-largest pension fund with 975.6 trillion won ($754.2 billion) in assets under...

KHNP participates in Australian green cement project

KHNP participates in Australian green cement project

Korea Hydro & Nuclear Power Co. (KHNP) will participate in the South Australia green cement transition project, which aims to produce green hydr...

Korea chip exports to rebound in Oct; car, cell exports to stay firm

Korea chip exports to rebound in Oct; car, cell exports to stay firm

South Korea expected overseas sales of semiconductors, the country’s top export item, to rebound from October while the auto, secondary batter...

Samsung improves 4 nm foundry yields, on par with TSMC: analyst

Samsung improves 4 nm foundry yields, on par with TSMC: analyst

Samsung Electronics Co. has improved its chip foundry manufacturing yield for the 4-nanometer node to the level shown by its archrival Taiwan Semico...

Korea revives nuclear power for its 2024-2038 energy plan

Korea revives nuclear power for its 2024-2038 energy plan

South Korea is slated to bring forward action steps on its power supply plan for the 2024-2038 period, with a possibility to review building more nu...

S.Korea to launch K-Ricebelt project in Africa

S.Korea to launch K-Ricebelt project in Africa

South Korea has launched an official development assistance (ODA) project for a "K-Ricebelt" to produce rice for 30 million people every year in Afr...

Kia scouts ex-Stellantis executive Pierre-Martin Bos as PBV director

Kia scouts ex-Stellantis executive Pierre-Martin Bos as PBV director

Kia Corp. has brought a former Stellantis N.V.’s commercial vehicle specialist on board for its purpose-built vehicle (PBV) business in Europe...

NHN Commerce acquires Italian luxury brands retailer Ikonic

NHN Commerce acquires Italian luxury brands retailer Ikonic

NHN Commerce, South Korea's major online company NHN Corp.'s shopping platform, announced on Tuesday its acquisition of a 77.8% stake in Ikonic Srl,...

S.Korea’s imports of LFP cathode reverses to growth after 8 years

S.Korea’s imports of LFP cathode reverses to growth after 8 years

South Korea's imports of cathode materials used to make lithium ferrophosphate (LFP) batteries in the first five months of this year rose for the fi...

S.Korea’s SKC seeks to sell fine ceramic business for $307 mn

S.Korea’s SKC seeks to sell fine ceramic business for $307 mn

SKC Ltd., a South Korean chemicals maker, is seeking to sell its fine ceramic business for an estimated 400 billion won ($307 million) as the unit o...

Ad-tech unicorn Moloco’s endeavor to unlock potential continues

Ad-tech unicorn Moloco’s endeavor to unlock potential continues

SILICON VALLEY – Moloco Inc., a Silicon Valley-based ad-tech solution startup valued at more than $2 billion, is dreaming big to become a vers...

Novartis $391 mn deal powers Samsung Biologics backlogs to record high

Novartis $391 mn deal powers Samsung Biologics backlogs to record high

Samsung Biologics Co., the world’s top contract manufacturing organization by capacity, inked a $391 million contract from Novartis, nearly fi...

Korea tops US eco-friendly car import rankings despite IRA disadvantage

Korea tops US eco-friendly car import rankings despite IRA disadvantage

South Korea retained its top spot in exports of eco-friendly vehicles including electric cars to the US in the first quarter despite challenges pose...

S.Korea to elevate science minister to deputy prime minister to lead in AI race Allianz-backed Koh Young’s brain surgery robot set for US debut by end-August Roborock’s privacy policy fuels data leak fears over Chinese goods Sale of $1.5 bn Pangyo Tech 1, overseen by Mirae Asset, draws strong bids from global PEFs Kia to make, sell China-launched EV5 in Korea to keep top spot