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Lotte Chem, Air Liquide Korea launch JV for hydrogen business

Lotte Chem, Air Liquide Korea launch JV for hydrogen business

South Korea’s chemical firm Lotte Chemical Corp. and Air Liquide Korea, the Korean unit of the French company Air Liquide SA, announced on Tue...

South Korea's Hyundai Heavy Industries establishes chief AI officer post

South Korea's Hyundai Heavy Industries establishes chief AI officer post

South Korea's Hyundai Heavy Industries Group has created the position of chief artificial intelligence (AI) officer (CAIO) to propel a major busines...

Lotte Rental wins $30 mn Tower Export Award for selling used cars

Lotte Rental wins $30 mn Tower Export Award for selling used cars

Lotte Rental said on Tuesday that it was granted the "$30 Million Tower" Export  Award at the "59th Korea Trade Day" award ceremony, thanks to ...

Hyundai's sales of E-GMP-based EVs exceed 100,000 units in Korea

Hyundai's sales of E-GMP-based EVs exceed 100,000 units in Korea

South Korea’s Hyundai Motor Group sold more than 100,000 units of electric vehicles (EVs) that adopted Hyundai Motor’s E-GMP, or Electri...

Shinsegae Int'l secures domestic sales rights for Italian brand Davines

Shinsegae Int'l secures domestic sales rights for Italian brand Davines

South Korea's fashion retail giant Shinsegae International on Monday said it has acquired the domestic rights to sell the Italian haircare brand Dav...

Hyundai Mobis to unveil new future mobility technologies at CES 2023

Hyundai Mobis to unveil new future mobility technologies at CES 2023

Korea's largest auto parts supplier Hyundai Mobis will take part in CES 2023, the world's largest info tech exhibition, to showcase cutting-edge t...

Mispriced risk in EU, UK real estate brings appealing opportunities: Abrdn

Mispriced risk in EU, UK real estate brings appealing opportunities: Abrdn

European real estate prices are adjusting, creating mispriced risk amid current market turbulence. This brings attractive opportunities for investor...

KT&G completes elementary school in Laos with employee donations

KT&G completes elementary school in Laos with employee donations

KT&G, South Korea's dominant tobacco company,  announced on Monday that along with South Korea's non-profit organization Sharing Culture &a...

SK Telecom wins global awards for innovative virtualization technology

SK Telecom wins global awards for innovative virtualization technology

SK Telecom, a leading South Korean 5G services provider, announced on Sunday that it won two global awards: Global Telecom Awards 2022 and Leading L...

Korea's agro-food exports set record of $8 billion in 11 months this year

Korea's agro-food exports set record of $8 billion in 11 months this year

Korea's exports of agricultural and food products in the first 11 months of this year hit a record high.The Ministry of Agriculture, Food and Rural ...

VANK launches campaign to promote Korea in Vietnamese

VANK launches campaign to promote Korea in Vietnamese

The Voluntary Agency Network of Korea (or VANK), an online public diplomatic mission, said on Saturday that it has opened a Vietnamese language site...

Future transport center to make UAM, autonomous vehicle transfer easy

Future transport center to make UAM, autonomous vehicle transfer easy

The Korean Ministry of Land, Infrastructure and Transport's Metropolitan Area Transportation Committee said on Sunday that it would promote establis...

Korea's foreign exchange reserves last month see first rise in 4 months

Korea's foreign exchange reserves last month see first rise in 4 months

Korea last month saw its first rise in foreign exchange reserves in four months amid monetary authorities selling the greenback to avert a sharp dep...

Hyundai, Kia US sales up 32% in Nov; eco-friendly cars jump

Hyundai, Kia US sales up 32% in Nov; eco-friendly cars jump

South Kora’s top automaker Hyundai Motor Group enjoyed strong demand in the US last month as the improving automotive chip supply situation bo...

Korea Semiconductor Academy launched to nurture field workers

Korea Semiconductor Academy launched to nurture field workers

The Korea Semiconductor Academy was established Thursday with former SK Hynix CEO Seok-hee Lee at its helm.The launch ceremony was held at the Korea...

Delay in Apple Pay approval for South Korea sends VAN co. shares tumbling

Delay in Apple Pay approval for South Korea sends VAN co. shares tumbling

The news of US mobile device giant Apple launching its Apple Pay service in South Korea this month sent the share prices of companies that assist th...

Korea inflation at 7-mth low; BOK may slow rate hike pace

Korea inflation at 7-mth low; BOK may slow rate hike pace

South Korea’s headline inflation hit a seven-month low in November as rises in agricultural and petroleum product prices slowed, adding to exp...

Industrial Bank of Korea provides Silicon Valley-style financing for startups

Industrial Bank of Korea provides Silicon Valley-style financing for startups

Industrial Bank of Korea (IBK) on Friday launched the IBK Venture Loan, which provides bridge loans to promising startups struggling to borrow funds...

Korea approves Daewoong Pharmaceutical's diabetes drug

Korea approves Daewoong Pharmaceutical's diabetes drug

DAEWOONG PHARMACEUTICAL has received domestic approval for its diabetes drug Envlo with the active ingredient enavogliflozin, the second straight ye...

Korea’s industrial losses balloon to $1.2 bn as truckers continue strike

Korea’s industrial losses balloon to $1.2 bn as truckers continue strike

South Korea’s manufacturing sector faces ballooning losses across industries as the trucker strike entered its eighth day on Thursday, disrupt...

Korea won near 5-mth high as Powell signals slower hikes

Korea won near 5-mth high as Powell signals slower hikes

The South Korean won currency hit a near 5-month high on Thursday as US Federal Reserve Chairman Jerome Powell suggested a slowdown in its tightenin...

Average household debt in South Korea exceeds $69,000 so far this year

Average household debt in South Korea exceeds $69,000 so far this year

The average household debt in South Korea has exceeded 90 million won ($69,284). While the figure appears to be high by Korean standards, average ho...

Korea exports dip for 2nd month, growth slows to 1-year low

Korea exports dip for 2nd month, growth slows to 1-year low

South Korea’s exports reported a decline for a second straight month in November on sluggish semiconductor sales, darkening the outlook for As...

KT conducts reshuffle ahead of launching South Korea's top OTT service

KT conducts reshuffle ahead of launching South Korea's top OTT service

Korea's telecom giant KT Corp. has reshuffled its media business units ahead of the pending absorption of its over-the-top (OTT) video platform Se...

Korea adopts USB-C as unified connector for phone charging cable

Korea adopts USB-C as unified connector for phone charging cable

The Korean government has released guidelines on its designation of USB-C as the unified national standard for charging and data transfer connectors...

LG U+ and Korea Fanuc to devise smart factory solutions for SMEs

LG U+ and Korea Fanuc to devise smart factory solutions for SMEs

Korean telecom giant LG Uplus Corp. on Tuesday said it will develop a smart factory solution for small and medium enterprises (SMEs) jointly with th...

NPS posts 7% investment loss in Q1-Q3 as equities, bonds plunge

NPS posts 7% investment loss in Q1-Q3 as equities, bonds plunge

National Pension Service (NPS) of South Korea said Tuesday it saw a cumulative loss of 7.1% on investment, or 68 trillion won ($51.3 billion), betwe...

First joint law office with overseas firm to open in Korea

First joint law office with overseas firm to open in Korea

The first South Korea-overseas joint law firm is set to start operations in Seoul.The joint firm of Korean law firm Hwahyun and UK’s Ashurst h...

Korea’s top delivery app operator Woowa launches food delivery robot

Korea’s top delivery app operator Woowa launches food delivery robot

The self-driving robot Dilly Tower of Woowa Brothers Corp., the operator of Korea’s top food delivery app Baedal Minjok, commonly known as Bae...

KEPCO raises $368 mn via bond issuance on heated demand

KEPCO raises $368 mn via bond issuance on heated demand

Korea Electric Power Corp. (KEPCO) saw on Nov. 27 around 1.7 trillion won ($1.3 billion) worth of investor bids for its bond issuance targeting 400 ...

Is chip winter over? Doomsayers gone as Korea’s DRAM exports surge S.Korea to have 1st civilian defense minister in decades, tap career technocrats Fubon Bank expands Korea presence into banking Hana Asset launches ultra-low-fee Nasdaq 100 ETF Even barcodes copied: Counterfeits invasion threatens K-brands

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