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...

Shinhan Financial builds disaster response system

South Korea's Shinhan Financial Group announced on Sunday that it established a disaster response system to provide swift and substantial assistance...

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 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-...

Twentysomething women become mainstream Korean baseball fans

South Korea is a fast-aging country, where one in every five people is 65 years old or older. But it is a different story for the country’s pr...

Hana Financial mulls non-banking M&As for growth: CEO

Hana Financial Group, one of South Korea's top five financial groups, is mulling mergers and acquisitions in non-banking sectors in a bid to seize n...

Doosan Robotics to delist, wholly own cash-cow Doosan Bobcat

Doosan Enerbility Co., a leading South Korean power plant engineering company, is handing over its entire 46% stake in machinery affiliate Doosan Bo...

Samsung to invest $52 mn in US biotech VC Flagship Pioneering

Samsung C&T Corp., its bio units Samsung Biologics Co. and Samsung Bioepis Co. and Samsung Venture Investment Corp. have committed a combined 72...

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

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

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

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

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

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...

SK Securities becomes lead IPO manager for 1st time since 2018

SK Securities Co., formerly a unit of South Korea’s No. 2 conglomerate SK Group, is expanding its presence in the domestic equity capital mark...

Cosmax Group unveils new CI

South Korea's Cosmax Group unveiled a new corporate identity (CI) on Wednesday. The new CI reflects Cosmax Group's identity as a global beauty and h...

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

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

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

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...

Hyundai Motor Group, Oxford Univ. establish Foresight Center

Hyundai Motor Group announced on Tuesday that it partnered with the University of Oxford and established the Oxford-Hyundai Motor Group Foresight Ce...

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

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, 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

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

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...

Foreign net buying of S.Korean stocks hits all-time high

Offshore investors net purchased nearly 23 trillion won ($16.7 billion) worth of South Korea-listed stocks in the first half of this year. The buyin...

GM Korea supplier Erae cs eyes revival by unit sales

A controlling stake in Erae AMS Co., formerly Delphi Automotive Systems’ South Korean affiliate, is on sale with eight potential bidders eyein...

S. Korea may join offshore wind alliance to take on China

South Korea is considering teaming up with a global body formed to cope with China’s rapid expansion in the world’s wind power industry ...