Korea’s Growth Champions 2024 by Statista, Korea Economic Daily

Korea’s Growth Champions 2024 by Statista, Korea Economic Daily

Statista, the world’s leading data and intelligence company, has teamed up with The Korea Economic Daily to identify South Korea’s faste...

Korea’s Growth Champions 2024 list by Statista, Korea Economic Daily

Korea’s Growth Champions 2024 list by Statista, Korea Economic Daily

List of Korea’s Growth Champions 2024 Rank Company Absolute Growth Rate Compound Annual Growth Rate (CAGR) Revenue 2019 Revenu...

Carmakers to expand affordable EV, hybrid lineups in Korea

Carmakers to expand affordable EV, hybrid lineups in Korea

Carmakers in South Korea are slated to unveil new electric vehicle models at cheaper prices next year to revive the sputtering EV market and also ro...

Korea, Indonesia to facilitate bilateral trade in won, rupiah

Korea, Indonesia to facilitate bilateral trade in won, rupiah

The central banks of South Korea and Indonesia agreed to facilitate the settlement of bilateral trade in their currencies from next year as the elec...

LG Uplus, Toyota Motor Korea team up for EV chargning

LG Uplus, Toyota Motor Korea team up for EV chargning

South Korea's LG Uplus Corp. announced on Monday that it formed a partnership with Toyota Motor Korea to expand electric vehicle (EV) charger infr...

Hyundai, Kia’s car exports to top 2 mn units for 1st time in 7 years

Hyundai, Kia’s car exports to top 2 mn units for 1st time in 7 years

Hyundai Motor Co. and Kia Corp., South Korea’s two largest automakers, are set to export more than 2 million cars in 2023 for the first time i...

New 2024 E-Class soon to arrive in Korea, land of Mercedes-Benz

New 2024 E-Class soon to arrive in Korea, land of Mercedes-Benz

As with the launch of every new E-Class, the flagship model of luxury German car brand Mercedes-Benz, the phrase “evolution, not revolution&rd...

Korean current account surplus at 19-month high on exports recovery

Korean current account surplus at 19-month high on exports recovery

South Korea’s current account surplus hit a 19-month high in October as goods exports reported their first on-year growth in 14 months amid si...

Home&Shopping opens exclusive section in Vietnam K-Market

Home&Shopping opens exclusive section in Vietnam K-Market

South Korea's Home&Shopping announced on Friday that it opened its exclusive section in the K-Market in Vietnam. The company aims to support the...

Unwavering whiskey fad in Korea, held up by mass-market spirits

Unwavering whiskey fad in Korea, held up by mass-market spirits

The whiskey hype, which started during the COVID-19 pandemic, shows no sign of receding in South Korea, and the latest craze, mainly driven by affor...

Cookie Run: Kingdom to launch in China on Dec 28

Cookie Run: Kingdom to launch in China on Dec 28

South Korean game developer DevSisters Corp. announced on Friday that its globally popular mobile game “Cookie Run: Kingdom” will offici...

Doosan Robotics eyes top spot in cobot market after Oct IPO

Doosan Robotics eyes top spot in cobot market after Oct IPO

SUWON – South Korea’s Doosan Robotics Inc. is aiming for the top spot in the collaborative robot market excluding China, zooming in on t...

Korea Zinc to up sales to $19 billion by 2033 with green energy

Korea Zinc to up sales to $19 billion by 2033 with green energy

Korea Zinc Inc., South Korea’s and the world’s largest lead and zinc smelter, will accelerate its drive to foster its new growth engines...

KOWEPO inks $302 mn financing deal for Oman solar project

KOWEPO inks $302 mn financing deal for Oman solar project

Korea Western Power Co. (KOWEPO) said on Thursday it signed a 400 billion won ($301.8 million) financing deal for a solar power generation project i...

GM Korea’s exports surpass 10 mn units Jan-Nov 2023

GM Korea’s exports surpass 10 mn units Jan-Nov 2023

GM Korea Co. said on Thursday its vehicle exports have surpassed 10 million units this year as of the end of November with shipments of 10,082,281 u...

LG H&H’s sales surges 300% on Qoo10 in 6 months

LG H&H’s sales surges 300% on Qoo10 in 6 months

South Korea’s LG H&H Co. announced on Thursday that its sales in November this year in Megawari, a shopping event organized by Qoo10, th...

Korea’s small diesel truck ban powers LPG-fueled models

Korea’s small diesel truck ban powers LPG-fueled models

South Korea plans to prohibit small trucks with diesel engines from new registrations next year, increasing sales of liquefied petroleum gas-powered...

Samsung Galaxy S23 FE due in Korea; to premiere S24 model in January

Samsung Galaxy S23 FE due in Korea; to premiere S24 model in January

Samsung Electronics Co., the world’s largest smartphone maker by volume, is launching the Galaxy S23 FE series – its latest fan edition ...

EcoPro Materials, Doosan Robotics heat up Korean IPO market

EcoPro Materials, Doosan Robotics heat up Korean IPO market

South Korea’s initial public offering market is recovering as EcoPro Materials Co., Doosan Robotics Inc. and other newly listed jackpot shares...

South Korea to support urea purchases outside China, boost reserves

South Korea to support urea purchases outside China, boost reserves

The South Korean government plans to offer financial support to domestic companies when they import urea, a substance used in diesel vehicles and fe...

E-Mart opens 3rd store in Vietnam, spurs K-food marketing

E-Mart opens 3rd store in Vietnam, spurs K-food marketing

South Korea’s E-Mart Inc. will open its new hypermarket in Ho Chi Minh City on Dec. 7, accelerating sales of its private label No Brand produc...

Genesis GV60 named best SUV in China

Genesis GV60 named best SUV in China

Hyundai Motor Co.'s premium brand Genesis announced on Wednesday that its luxury mid-sized electric sports utility vehicle (SUV) GV60 was selected a...

WeMade to build WEMIX Play Center in Dubai

WeMade to build WEMIX Play Center in Dubai

South Korea’s game developer and publisher WeMade Co. announced on Wednesday that it partnered with the Dubai International Financial Center's...

SK’s Chey proposes South Korea-Japan economic bloc akin to EU

SK’s Chey proposes South Korea-Japan economic bloc akin to EU

WASHINGTON, D.C. – South Korea and its closest neighbor Japan need to form an economic coalition, similar to the European Union (EU), to meet ...

Korean banks enjoy robust earnings in Asian emerging markets

Korean banks enjoy robust earnings in Asian emerging markets

Four major banks in South Korea are enjoying healthy earnings from overseas businesses, particularly in Asian emerging markets.KEB Hana Bank posted ...

Hanwha to re-enter biopharma market, targeting biomaterials

Hanwha to re-enter biopharma market, targeting biomaterials

South Korea’s Hanwha Group will re-enter the biopharmaceutical market to become the country’s sole producer of tris buffers, a key reage...

Korean shipbuilders slide to 2nd place after China in November orders

Korean shipbuilders slide to 2nd place after China in November orders

South Korean shipbuilders slid to second place in new shipbuilding orders last month, yielding the top spot back to their Chinese rivals.According t...

Lotte Chilsung, E&J Gallo to jointly boost soju sale in US

Lotte Chilsung, E&J Gallo to jointly boost soju sale in US

South Korea’s Lotte Chilsung Beverage Co. announced on Tuesday that it partnered with the world's largest winery E&J Gallo to expand its...

Hyungji, Dishang Group to co-work for market development

Hyungji, Dishang Group to co-work for market development

South Korea’s Fashion Group Hyungji and China’s largest clothing exporter Dishang Group signed a memorandum of understanding (MOU) to te...

S.Korea to buy more F-35As, but picks Embraer C-390s for transport

S.Korea to buy more F-35As, but picks Embraer C-390s for transport

South Korea has chosen the F-35A by US-based Lockheed Martin Aeronautics as its stealth aircraft and Brazil-headquartered aerospace company Embraer&...

Hahn & Co. to award bonus shares to Namyang staff, retires $7.1 mn shares   Seoul vows zero-tolerance measures against unfair stock trading K-style strikes back to win over China’s Gen Z with Musinsa at helm BTS’ Jungkook, IU crowned most-loved K-pop artists worldwide Shinsegae, Hana Financial, Bain Capital to finance $438 mn Starfield Cheongna