GM Korea’s 2024 sales growth likely stunted due to protracted labor strike

GM Korea’s 2024 sales growth likely stunted due to protracted labor strike

GM Korea Co., the South Korean unit of US auto giant General Motors Co., faces growing disruptions to its vehicle production amid a protracted labor...

Korea’s Lotte Card sees 1st profit in Vietnam since launch

Korea’s Lotte Card sees 1st profit in Vietnam since launch

Lotte Card Co., South Korea’s No. 5 credit card issuer, is enjoying its first monthly profit in Vietnam after offering various financial produ...

Korea mulls tripling NPS' advance dollar funding limit

Korea mulls tripling NPS' advance dollar funding limit

South Korea is considering tripling the maximum amount of dollars the National Pension Service (NPS) can buy from the domestic foreign exchange mark...

Renault Korea begins mass production of Grand Koleos

Renault Korea begins mass production of Grand Koleos

Renault Korea announced on Tuesday that it has started mass production of the D-segment hybrid sports utility vehicle (SUV) New Renault Grand Koleos...

Samsung OS Tizen embedded in Loewe TV Stellar to rival Google, Apple

Samsung OS Tizen embedded in Loewe TV Stellar to rival Google, Apple

Samsung Electronics Co.'s open-source smart TV operating system Tizen will be embedded in German premium TV brand Loewe’s latest model St...

Korea approves HD KSOE-STX Heavy merger with conditions

Korea approves HD KSOE-STX Heavy merger with conditions

South Korea’s antitrust body has given a conditional nod to leading domestic shipyard HD Korea Shipbuilding & Offshore Engineering Co.'s (...

LIG Nex1’s guided rocket passes US performance test

LIG Nex1’s guided rocket passes US performance test

LIG Nex1 Co., a South Korean defense company, said on Monday that its Poniard guided rocket passed the final performance test in US Foreign Comparat...

LG Electronics’ new HVAC center in Europe to fight extreme temperatures

LG Electronics’ new HVAC center in Europe to fight extreme temperatures

LG Electronics Inc., a leading South Korean home appliance maker, said on Monday it has set up a research center in Germany to help develop advanced...

Hyundai Motor speeds up hydrogen bus charging business in Korea

Hyundai Motor speeds up hydrogen bus charging business in Korea

South Korea’s Hyundai Motor Co. is set to become the largest shareholder of a local hydrogen-powered-vehicle charging station operator to boos...

South Korea’s 2025 minimum wage rises 1.7%; SMEs seen suffering

South Korea’s 2025 minimum wage rises 1.7%; SMEs seen suffering

South Korea has set next year’s hourly minimum wage at 10,030 won ($7.3) – a 1.7% increase from this year’s 9,860 won, the second-...

Korea challenges PCA ruling in favor of Mason Capital over Samsung case

Korea challenges PCA ruling in favor of Mason Capital over Samsung case

South Korea is seeking to revoke an international tribunal’s ruling in April that its government must pay US-based Mason Capital Management LL...

S.Korea's 4by4 to supply AI solution to Cakap

S.Korea's 4by4 to supply AI solution to Cakap

4by4 Inc., a South Korean content AI solution company, announced on Thursday that it signed a supply contract for its image enhancement AI solution ...

Korea’s Hanmi family feud to end as key shareholder mediates

Korea’s Hanmi family feud to end as key shareholder mediates

South Korean Hanmi Pharmaceutical Group’s founding family is set to conclude an ongoing feud as the group’s top individual shareholder h...

GIC taps its real estate expert Jasmine Loo as new Korea head

GIC taps its real estate expert Jasmine Loo as new Korea head

Singapore’s GIC Private Ltd., the world’s sixth-largest sovereign wealth fund with around $770 billion in assets under management, has t...

S.Korea's RaonSecure establishes metaverse subsidiary

S.Korea's RaonSecure establishes metaverse subsidiary

South Korean cybersecurity firm RaonSecure Co. announced Wednesday it established RaonMeta, a generative AI-based metaverse platform subsidiary. Rao...

LG Energy Solution acquires anti-bribery certification

LG Energy Solution acquires anti-bribery certification

South Korea's LG Energy Solution Ltd. announced on Thursday that it achieved ISO 37001 certification, an international standard for anti-bribery man...

Korea to keep track of EV battery life cycles for recycling

Korea to keep track of EV battery life cycles for recycling

The South Korean government will monitor electric vehicle (EV) battery life cycles to share information on the lifespan, performance and accident hi...

LG Chem promises extra $14.4 million in aid over Indian gas leak

LG Chem promises extra $14.4 million in aid over Indian gas leak

South Korea’s top chemicals maker LG Chem Ltd. said on Wednesday it will offer an additional 1.2 billion Indian rupees ($14.4 million) in huma...

Samsung, SK Hynix lead value increase in Korea NPS' local shares in Q2

Samsung, SK Hynix lead value increase in Korea NPS' local shares in Q2

The second-quarter rally of Samsung Electronics Co. and SK Hynix Inc. shares drove a value increase in the domestic stock asset held by South Korea&...

Don’t dwell on Korea discount; light up visibility on global stage

Don’t dwell on Korea discount; light up visibility on global stage

To the world, South Korea is well known as home to the world’s top two memory chipmakers, Samsung Electronics Co. and SK Hynix Inc., but it is...

Korea’s taxi app i.M ties up with MK Group to land in Japan

Korea’s taxi app i.M ties up with MK Group to land in Japan

South Korea’s premium ride-hailing app i.M joined hands with Japan’s taxi operator MK Group to allow each platform's customers to use bo...

Law&Company vows to go global with AI legal assistant

Law&Company vows to go global with AI legal assistant

Law&Company Co., the operator of South Korea’s largest legal advice app LawTalk, will venture into the US legal tech market in five years ...

LG Elec, Tennessee Titans renew sponsorship

LG Elec, Tennessee Titans renew sponsorship

LG Electronics Inc. announced on Tuesday that it renewed a three-year expansion to its official partnership with the Tennessee Titans, an NFL team b...

POSCO International completes Korea’s first non-state-run LNG terminal

POSCO International completes Korea’s first non-state-run LNG terminal

POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., said on Tuesday i...

Korea’s GS Entec to invest $217 mn in wind power business

Korea’s GS Entec to invest $217 mn in wind power business

South Korea’s GS Entec Corp. is set to invest 300 billion won ($216.8 million) in facilities to manufacture wind power equipment as it shifts ...

Korea’s edtech startups defend against global giants with AI

Korea’s edtech startups defend against global giants with AI

South Korea’s major online adult education platforms improved their earnings powered by classes on artificial intelligence, defying concerns o...

FG Korea to open Five Guys stores in Japan

FG Korea to open Five Guys stores in Japan

FG Korea, the operator of the American handcrafted hamburger brand Five Guys in South Korea, will open its stores in Japan in the second half of nex...

Korea’s POBA to invest $109 mn in Koramco’s office REIT

Korea’s POBA to invest $109 mn in Koramco’s office REIT

South Korea’s Public Officials Benefit Association (POBA) is set to commit 150 billion won ($108.5 million) in preferred stocks for offices in...

LG Energy’s Q2 profit hurt by EV slowdown, expects Q4 improvement

LG Energy’s Q2 profit hurt by EV slowdown, expects Q4 improvement

LG Energy Solution Ltd., one of the world’s top three battery makers, on Monday posted a smaller quarterly profit, hurt by sluggish global ele...

KTO holds Visit Korea Alliance exhibition for foreigners

KTO holds Visit Korea Alliance exhibition for foreigners

The Korea Tourism Organization (KTO) announced on Monday that it will hold a VK Alliance Products and Services Special Exhibition for foreigners thr...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race