Hyundai Motor to self-develop EV chargers to slow Tesla’s ascent
Hyundai Motor Group will develop ultra-fast electric vehicle chargers with its proprietary technology to catch up to the world’s No. 1 EV make...
S.Korea's duty-free sector expects boom from Chinese tourists' return
South Korea's duty-free stores are over the moon thanks to the resumption of Chinese group tours after a hiatus of six years and five months, with m...
S.Korean battery trio face union risk in US after Ultium Cells’ wage deal
South Korean electric vehicle battery majors’ plan to run more than 10 EV battery manufacturing plants in the US may hit a snag due to the loo...
IS Dongseo buys EV battery recycling firm BTS Technology
IS Dongseo Co., a South Korean waste management company, has acquired Slovakia-based battery recycling company BTS Technology Ltd. for 37.5 billion ...
EuBiologics, GC Biopharma to jointly produce cholera vaccine
South Korea's EuBiologics Co., the world's leading cholera vaccine company, has signed a joint production agreement with GC Biopharma Corp. to produ...
Kia unveils design of EV5, its first China-made global electric car
Kia Corp., South Korea’s second-largest automaker, on Friday unveiled the design of the EV5, its first China-made all-electric vehicle that th...
Koreans' Japanese yen savings hit record high in July
South Korean investors continued gobbling up the Japanese currency, which has remained weak against the Korean currency after retreating from a one-...
Starbucks' space marketing shines in Korea with 'The' stores
Starbucks “The Yeosu Dolsan DT” in South Korea embodies the business philosophy of its founder and former Chief Executive Howard Schultz...
Korea Credit Data raises $75.7 million from Morgan Stanley
Korea Credit Data (KCD), a South Korean fintech startup focusing on small- and medium-sized enterprises (SMEs), has raised 100 billion won ($75.7 mi...
Hyundai Rotem unveils ultra-large servo press line
Hyundai Rotem, a subsidiary of Hyundai Motor Group and a South Korean railway system manufacturer, announced on Thursday that it held a demonstrat...
K-tourism video ads with Lee Jung-jae exceed 510 mn views
The four-video Challenge Korea series promoting tourism in South Korea with "Squid Game" actor Lee Jung-jae has surpassed half a billion views in ju...
S.Korea's pet-friendly tourism sees brisk growth
More lodging facilities and tourism infrastructure in South Korea are accommodating people who wish to travel with their pets.This strategy by the...
Korean exodus from China funds amid deepening property crisis
South Korean investors’ retreat from Chinese equity funds of nearly 10 trillion won ($7.5 billion) in total principal is accelerating amid dee...
LG aims to capture 50% of global luxury car display market by 2026
LG Display Co., the world’s leading manufacturer of large-size organic light-emitting diode (OLED) panels, said on Wednesday it aims to more t...
Korea’s smaller firms embrace older, experienced workforce
South Korea’s liquid filtration system developer Neos Corp. has seven employees, all seasoned mechanical and electrical engineers in their 60s...
Tesla Model Y runs with Kumho’s EV tires, its new cash cow
Tires tailored for electric vehicles are expected to become the next cash cow of South Korean tire maker Kumho Tire Co. thanks to growing EV tire or...
Zuck’s Threads losing battle against Musk’s X in South Korea
Meta CEO Mark Zuckerberg is losing a fight against Tesla CEO Elon Musk in the South Korean short-form social media platform sector.Threads, Meta&rsq...
Lululemon taps into Korea’s live commerce market
Lululemon Athletica Inc., dubbed the Chanel of yoga wear, is tapping into South Korea’s live commerce market, a move that industry watchers sa...
Korea’s business lobby group FKI goes down in history in disgrace
The Federation of Korean Industries (FKI), the voice of the conglomerates that formed the engine of the South Korean economy for more than five deca...
Hanmi Pharm to start global clinical trials for immune-oncology drug
South Korea's Hanmi Pharmaceutical Co. announced on Tuesday that it has received approval for the phase 1 clinical trial plan of the immune-oncology...
LS e-Mobility to supply $187 million in EV parts to Hyundai Motor, Kia
LS e-Mobility Solutions Co., a power transmission parts maker, has won a 250 billion won ($187 million) deal to supply electric vehicle (EV) parts...
BOK head says Korea inflation to dip below mid-2% in H2 2024
South Korea’s central bank chief expected consumer inflation to fall below the mid-2% level in the second half of 2024, adding to predictions ...
Fans of Supreme rush into the label's 1st Korean store
The US street fashion brand “Supreme,” which has a global fandom with a brand name written in white in a red box, opened its first store...
Samsung Securities decides not to rejoin Korea’s top business lobby
Samsung Securities Co., in a surprise move, has decided not to rejoin South Korea’s top business lobby, the Federation of Korean Industries (F...
Young Poong, Lotte Global Logistics to form battery recycling supply chain
South Korea’s non-ferrous metal company Young Poong Co. has teamed up with Lotte Global Logistics Co. to form a supply chain system for recycl...
Hanwha Q Cells expects windfall gain from Chinese rivals’ woes
Hanwha Q Cells Co., a solar power unit of South Korean conglomerate Hanwha Group, is expected to enjoy a windfall gain from the US government’...
Korea sales set to China to fall for 15th straight mth on property crisis
South Korea’s exports to China are poised to slide for a 15th straight month with an expected deeper drop in August amid a faltering economic ...
Kia’s first vehicles T-600, Brisa resurrected after 40 years
Not many people in the auto industry know that South Korea’s Kia Corp. started as a bicycle parts maker 79 years ago.Back in 1944, Kim Chul-ho...
MXene: Korean investors’ next target after superconductor craze fizzles
Speculative investors in South Korea have started to amass shares related to Mxene, touted as a next-generation material, after dumping a large numb...
Korea taps Greyhound Capital, Headline Asia as venture fund managers
South Korean Ministry of SMEs and Startups announced the results of selecting global fund management companies for the year 2023 on Monday. The chos...
