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Kolmar Korea develops eco-friendly paper stick for cosmetic

Kolmar Korea develops eco-friendly paper stick for cosmetic

Kolmar Korea, a supplier to global cosmetics brands such as Estee Lauder, has unveiled a new paper stick container made from mineral paper that is c...

Korea clears way for Hanwha's $1.45 bn takeover of DSME

Korea clears way for Hanwha's $1.45 bn takeover of DSME

South Korea’s Fair Trade Commission (FTC) on Thursday gave its nod for Hanwha Group’s 2-trillion-won ($1.45 billion) takeover of Daewoo ...

Dongwon Group drops bid to take over McDonald’s Korea

Dongwon Group drops bid to take over McDonald’s Korea

Dongwon Group has canceled its bid to take over McDonald's franchise in South Korea."We reviewed the takeover of McDonald's Korea but our conclusion...

Korean Air, Asiana to increase award seats ahead of merger

Korean Air, Asiana to increase award seats ahead of merger

Korean Air Lines Co. and Asiana Airlines Inc. are set to increase award seats while revising their membership terms and conditions to help customers...

S.Korea’s IT parts makers reeling from sluggish smartphone, TV sales performance

S.Korea’s IT parts makers reeling from sluggish smartphone, TV sales performance

  South Korea’s major information technology parts makers like Samsung Electro-Mechanics, LG Innotek and LG Display Co. suffered huge dr...

S.Korea’s Musinsa, Disney to collaborate character products

S.Korea’s Musinsa, Disney to collaborate character products

South Korea’s online fashion platform Musinsa has partnered with the Walt Disney Company Korea, a Korean unit of the global entertainment...

S.Korea, UL Solutions sign agreement for supporting domestic startups

S.Korea, UL Solutions sign agreement for supporting domestic startups

The South Korean Ministry of SMEs and Startups announced on Thursday that it has signed a business agreement with global certification agency UL Sol...

S.Korea’s 20-somethings tighten belts due to high interest rates: report

S.Korea’s 20-somethings tighten belts due to high interest rates: report

The decline in consumption by 20-somethings due to benchmark interest rate hikes is over eight times greater than those in their 60s.Analysts blame ...

Kia expects stellar Q2 after reporting record operating profit in Q1

Kia expects stellar Q2 after reporting record operating profit in Q1

Kia Corp., the smaller sibling of South Korea’s largest automaker Hyundai Motor Co., presented a rosy earnings outlook for the second quarter ...

S.Korea’s SoluM joins Vietnam's largest EV charging project

S.Korea’s SoluM joins Vietnam's largest EV charging project

SoluM Co., a South Korean mid-sized electronic component maker, said on Wednesday that it signed an agreement with PetroVietnam Power Corporation, a...

S.Korea to offer subsidies to foreigners investing in advanced technologies

S.Korea to offer subsidies to foreigners investing in advanced technologies

Foreign companies investing in the fields of semiconductor, display and secondary batteries, which are part of South Korea's national strategic tech...

Korea's expected inflation hits 11-month low

Korea's expected inflation hits 11-month low

South Korea's expected inflation has hit a record low of 3.7% in 11 months in April 2023. While the consumer price index rose by 4.2% last month, wh...

S.Korea gov’t hosts sales event for domestic, US SMEs

S.Korea gov’t hosts sales event for domestic, US SMEs

South Korean small- and medium-sized enterprises (SMEs) expanded their exchange and cooperation with US firms during President Yoon Suk yeol's state...

In South Korea, innovation is subject to regulatory approval

In South Korea, innovation is subject to regulatory approval

In a country like South Korea with few natural resources to run its economy, innovations or brilliant business ideas are crucial to its survival.It ...

Kolon Industries to move into secondary battery recycling market

Kolon Industries to move into secondary battery recycling market

Kolon Industries Inc., a South Korean chemical and textile manufacturing company, is entering the secondary battery recycling market. The company an...

Louis Vuitton to turn bridge over Seoul river into catwalk

Louis Vuitton to turn bridge over Seoul river into catwalk

Global luxury brand Louis Vuitton will premiere a fashion show in Seoul this weekend, expecting to attract leaders from the global fashion, culture ...

Chinese buy cosmetics, Japanese pick groceries in Korea: Survey

Chinese buy cosmetics, Japanese pick groceries in Korea: Survey

Foreign visitors to South Korea show different purchasing preferences by nationality, a survey found. A majority of Chinese travelers' top picks are...

S.Korea’s births fall to record low in February

S.Korea’s births fall to record low in February

South Korea's births fell to a fresh low in February in 2023. The number of deaths decreased, but the population continued to decline naturally for ...

S.Korea, Airbus plan to open domestic tech research center

S.Korea, Airbus plan to open domestic tech research center

South Korea and European aircraft maker Airbus Group will open a technology research center in the country and discuss boosting cooperation in suppl...

Direct lending tops private debt strategy again for Korean LPs

Direct lending tops private debt strategy again for Korean LPs

Direct lending, which has topped South Korean institutional investors’ private debt strategies for years, has become even more popular amid risi...

SK, KHNP partner with TerraPower for SMR development

SK, KHNP partner with TerraPower for SMR development

SK Inc., SK Innovation Co. are partnering with Korea Hydro & Nuclear Power Co. (KHNP) and TerraPower,  a US small modular reactor (SMR) des...

Hyundai Motor, Kia invest $746.3 billion more in 42dot

Hyundai Motor, Kia invest $746.3 billion more in 42dot

Hyundai Motor Co. and Kia Corp. will inject 1 trillion won ($746.3 billion) of funds into 42dot, a self-driving vehicle subsidiary of Hyundai Moto...

S.Korea’s public spending on maternity, child care falls short of OECD average

S.Korea’s public spending on maternity, child care falls short of OECD average

South Korea’s government budget for tackling the nation's low birth rate has risen to 2.25% of GDP, but housing support accounts for a major p...

WeMade signs MOU with Ministry of Investment Saudi Arabia

WeMade signs MOU with Ministry of Investment Saudi Arabia

South Korea's game publisher WeMade Co. announced on Tuesday that it has signed a memorandum of understanding (MOU) with the Ministry of Investment ...

Ponzi scheme suspected behind SocGen-triggered Korean stock havoc  

Ponzi scheme suspected behind SocGen-triggered Korean stock havoc  

The South Korean financial authorities will investigate whether unfair trading practices are behind leverage trading after massive margin call reque...

POSCO beats Lotte to join S.Korea’s top 5 conglomerates

POSCO beats Lotte to join S.Korea’s top 5 conglomerates

Steel giant POSCO has joined the ranks of South Korea’s top five conglomerates for the first time, supported by strong earnings from its recha...

S.Korea-US to deepen aerospace ties through NASA's Artemis

S.Korea-US to deepen aerospace ties through NASA's Artemis

South Korea and the US are set to deepen their partnership in the aerospace sector through the Artemis program, a human and robotic Moon exploration...

KKR mulls investing $150 mn in Korean fashion platform Musinsa

KKR mulls investing $150 mn in Korean fashion platform Musinsa

Musinsa Co., South Korea’s leading online fashion platform, is in the final stage of attracting 200 billion won ($149.8 million) from US priva...

S.Korea's BSI under 100 for 12th straight month

S.Korea's BSI under 100 for 12th straight month

The economic outlook of South Korean manufacturing and non-manufacturing sectors is negative for May, marking the 12th consecutive month of such p...

Korea avoids recession on strong consumption; outlook still tough

Korea avoids recession on strong consumption; outlook still tough

South Korea averted a recession as Asia’s fourth-largest economy rebounded more than expected in the first quarter on strong private consumpti...

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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