Hyundai to end hatchback coupe Veloster as Kona, Avante N favored

Hyundai to end hatchback coupe Veloster as Kona, Avante N favored

South Korea’s top automaker Hyundai Motor Co. will discontinue the production of its hatchback coupe Veloster to focus on the more popular hig...

Why India’s top talent chose S.Korea for launch of edutech startup

Why India’s top talent chose S.Korea for launch of edutech startup

TagHive Inc. is an education technology startup building a bridge between South Korea and India. The company’s founder and CEO Pankaj Aga...

POSCO to treble natural gas production in Australia by 2025

POSCO to treble natural gas production in Australia by 2025

South Korea’s POSCO International Co. plans to more than treble the natural gas production from the two gas fields of its newly-acquired Austr...

TVing partners with Paramount Plus to challenge Netflix in Korea

TVing partners with Paramount Plus to challenge Netflix in Korea

South Korea's over-the-top streaming platform TVing Co. has partnered with global content provider Paramount Plus to challenge top OTT player Netfli...

SK Gas to sell Istanbul tunnel stake to Qatari fund for $111 mn

SK Gas to sell Istanbul tunnel stake to Qatari fund for $111 mn

SK Gas Ltd., South Korea’s leading liquefied petroleum gas (LPG) supplier, is poised to sell its stake in an operator of the Eurasia Tunnel in...

BOK may take big-step rate hike on Fed's aggressive tightening

BOK may take big-step rate hike on Fed's aggressive tightening

South Korea’s central bank may raise interest rates more than usual to rein in inflation in Asia’s fourth-largest economy after the US F...

Lotte plans to expand bio capacity in Korea and US

Lotte plans to expand bio capacity in Korea and US

Lotte Group is preparing to kickstart its biopharmaceutical business as a contract development and manufacturing company (CDMO) by building a new pl...

Korea Inc. hit by rising commodity prices, weak won, supply crisis

Korea Inc. hit by rising commodity prices, weak won, supply crisis

South Korea’s major industries, especially the petrochemical and auto parts sectors, are suffering from surging global commodity prices, a wea...

Doosan adds chip post-processing to list of growth drivers

Doosan adds chip post-processing to list of growth drivers

Doosan Group has added semiconductor post-processing services to its core businesses and plans to invest 1 trillion won ($774 million) in its microc...

Voice Caddie, Daol PE acquire US golf grip brand SuperStroke

Voice Caddie, Daol PE acquire US golf grip brand SuperStroke

Voice Caddie, a South Korean maker of golf course rangefinders and related golf products, and Daol Private Equity are jointly acquiring SuperStroke,...

Korea’s new central bank head could be a game changer

Korea’s new central bank head could be a game changer

Rhee Chang-yong has made a big splash in less than two months as the Bank of Korea governor and I’m not the least bit surprised. Over the l...

Disney+ becomes white elephant for LG Uplus 

Disney+ becomes white elephant for LG Uplus 

For South Korea’s wireless carrier LG Uplus, Disney+ may have become more trouble than it is worth.The country’s video-on-demand over-th...

Korea webtoon startup Kenaz acquired by hedge fund

Korea webtoon startup Kenaz acquired by hedge fund

South Korea’s leading webtoon production startup Kenaz was taken over by a domestic hedge fund as it aims to reduce dependence on major platfo...

Danfoss installs energy-saving heating systems in Korea's tallest building

Danfoss installs energy-saving heating systems in Korea's tallest building

SONDERBORG, Denmark – Denmark’s eco-friendly energy system provider Danfoss has made inroads into South Korea, installing its energy-eff...

SK to invest $30 mn in ammonia-based power solutions developer Amogy

SK to invest $30 mn in ammonia-based power solutions developer Amogy

SK Innovation Co. announced Tuesday it will inject $30 million into Brooklyn-based Amogy Inc. The intermediate holding company of SK Group and ...

Brokerages sit on $5.3 bn of global alternative assets to sell down

Brokerages sit on $5.3 bn of global alternative assets to sell down

Some major securities firms in South Korea are having difficulties with overseas alternative assets they have yet to sell down. The brokerage firm...

LG Energy to invest $451 mn in mass production of Tesla’s 4680 battery cells

LG Energy to invest $451 mn in mass production of Tesla’s 4680 battery cells

LG Energy Solution Ltd. announced Monday it will invest 580 billion won ($451 million) to manufacture battery cells for Austin-based Tesla, Inc.The ...

South Korean tech juggernauts turn their characters into NFTs 

South Korean tech juggernauts turn their characters into NFTs 

South Korea’s tech behemoths are turning the companies’ characters into non-fungible tokens (NFTs) with the aim of creating an intellect...

North Korea missile tests drawing tougher response from US, South Korea

North Korea missile tests drawing tougher response from US, South Korea

SEOUL—The U.S. and South Korea are responding to North Korea’s unprecedented number of missile tests this year with a greater show of ...

Hanwha to announce plans to enhance shareholder value in H2

Hanwha to announce plans to enhance shareholder value in H2

South Korea’s Hanwha Corp. discussed on June 10 its ESG activities in the first half of this year and is set to announce plans for enhancing s...

KT to spend near $10 bn on digital platform by 2026

KT to spend near $10 bn on digital platform by 2026

KT Corp., a South Korean telecom giant, plans to invest nearly $10 billion in its digital platform sector by 2026 as it aims to focus on the industr...

McDonald’s to sell Korea operation, heating up burger M&As

McDonald’s to sell Korea operation, heating up burger M&As

McDonald’s Corp., the world’s top fast-food restaurant operator, is seeking to sell its South Korean business, heating up the mergers an...

CJ Logistics steps up automated distribution system in SE Asia

CJ Logistics steps up automated distribution system in SE Asia

South Korea’s major logistics firm CJ Logistics Corp. is accelerating business expansion in Southeast Asia. It has started applying a homegrow...

SK Hynix to supply industry’s best-performing DRAM to Nvidia

SK Hynix to supply industry’s best-performing DRAM to Nvidia

SK Hynix Inc., the world’s second-largest memory chipmaker, is set to supply the industry’s best-performing DRAM to US graphic chipmaker...

Startup tapped to lead S.Korea’s autonomous car security project

Startup tapped to lead S.Korea’s autonomous car security project

South Korea has embarked on a public-private project to bolster communication security for autonomous driving, for which a domestic startup will pla...

SK Broadband applies quantum cryptography to Korea network

SK Broadband applies quantum cryptography to Korea network

SK Broadband Co., a South Korean internet service provider, succeeded in using quantum cryptography for the government’s backbone communicatio...

Korea's small webtoon platforms eye global adult markets

Korea's small webtoon platforms eye global adult markets

South Korea’s smaller webtoon platforms are targeting the world’s digital adult comics market, in which industry leaders Naver Corp. and...

S.Korea’s PE fundraising may fall after two-year growth

S.Korea’s PE fundraising may fall after two-year growth

The National Pension Service will reduce the amount of its new capital commitment to domestic private equity firms by 17% to 500 billion won ($400 m...

South Korean startups raise record-high Series A funding

South Korean startups raise record-high Series A funding

South Korea's early stage startups raised a record amount of funding in the last 12 months.Even though venture capital firms at home and abroad are ...

LG Energy, German institutes to jointly research advanced batteries

LG Energy, German institutes to jointly research advanced batteries

The world’s second-largest battery maker LG Energy Solution Ltd. has teamed up with two German research institutes to develop next-generation ...

HYBE to bring K-pop idol playbook to India, tapping local talent POSCO sets sights on lithium production in US Goldman Sachs acquires Mercure Ambassador: 1st stint with Korean hotel sector S.Korea’s pension fund NPS posts much weaker returns amid US tariff concerns S.Korea names budget veteran as finance minister to prop up economy