Korea’s LG telecom unit to launch logistics platform service

LG Uplus Corp., South Korea’s No. 3 mobile carrier, is poised to launch a platform service that will digitally transform the local logistics s...

Korea’s battery trio aims to outsmart Chinese rivals in US

South Korea’s three major battery makers — LG Energy Solution Ltd., SK On Co. and Samsung SDI Co. — recently came under renewed pr...

HiteJinro to build first overseas soju plant in Vietnam

South Korea's leading soju maker HiteJinro Co. on Monday unveiled its plan to build a plant in Vietnam. HiteJinro Singapore confirmed a lease a...

Korea game makers lure more female users with Hello Kitty

South Korean game developers have teamed up with Hello Kitty and other fictional characters of Japanese entertainment company Sanrio Co. to lure mor...

HSBC, BNP Paribas to be fined for naked short sales in S.Korea

South Korea's Financial Supervisory Service (FSS) will fine the Hongkong and Shanghai Banking Corporation Ltd. (HSBC) and Bank BNP Paribas the large...

S.Korea sees rise in young, independent Chinese tourists

South Korea is welcoming a growing number of Chinese tourists since China lifted a ban on group tours to its neighboring country on Aug. 10 after mo...

Korea's GS Caltex faces FTC probe into intra-group trading

The Korea Fair Trade Commission (FTC) has begun an investigation process for alleged intra-group transactions between GS Caltex Corp., the country&r...

Kia to build 2nd purpose-built vehicle plant in Korea

Kia Corp., South Korea’s second-largest automaker, plans to build another purpose-built vehicle (PBV) factory in the country, despite the risk...

KFC Korea to start franchise business for faster growth

Fast food chain KFC said on Friday it will begin franchise store operations in South Korea next year, when the company will mark 40 years of busines...

LG Energy barely fends off CATL in global EV battery market

LG Energy Solution Ltd. retained the top position in the global electric vehicle battery market excluding China in the first eight months of this ye...

Fake Rolexes most common counterfeit watches smuggled into S.Korea

After the COVID-19 crisis, it has been revealed that counterfeit goods smuggling is on the rise once again. According to data submitted by the Korea...

CJ Logistics reinforces ties with India’s Tata Motors

South Korea’s CJ Logistics on Friday said its Indian subsidiary CJ Darcl has signed a memorandum of understanding with Tata Motors of India on...

LG Uplus set to catch up to KT as Korea’s No. 2 mobile carrier

  LG Uplus Corp., the perennial No. 3 mobile carrier in South Korea, is fast catching up to its closest rival KT Corp. to rank second just beh...

S.Korea's SKC to sell polyurethane raw material unit for $304 mn

South Korean chemical material company SKC Ltd. is selling its unit for raw materials of polyurethane (PU), a chemical substance.The company’s...

KHNP closes in on Romania’s nuclear plant refurbishment project

Korea Hydro and Nuclear Power Co. (KHNP) is eyeing to participate in a project to refurbish Romania-based Cernavoda Nuclear Power Plant’s unit...

S.Korea's DuChemBio localizes core materials of radiopharmaceuticals

South Korea's DuChemBio Co. announced on Thursday that it has obtained final approval for a recovery and purification facility for oxygen-18 concent...

Korea’s household, business loans on upswing in September

South Korea’s household debt continued to rise for the sixth consecutive month in September despite stricter regulations on mortgages, while b...

SK Chemicals signs VPPA contract with SK E&S

South Korea's SK Chemicals Co. announced on Thursday a virtual power purchase agreement (VPPA) with SK E&S to shift 10% of the electricity used ...

Samsung SDI, Stellantis to build 2nd US EV battery plant in Indiana

Kokomo, Indiana, will be the site of the second electric vehicle (EV) battery plant in the US of South Korea’s Samsung SDI Co. and the Netherl...

Amazon bets big on Korea digital transition with new spending

Amazon Web Services Inc. (AWS), the world's largest cloud platform provider, said on Wednesday it will nearly triple its investment in South Korea t...

HD KSOE to invest $48 mn in European fuel cell company

HD Korea Shipbuilding & Offshore Engineering (KSOE) announced on Wednesday that it plans to invest 45 million euros ($47.7 million) in the Europ...

LG Energy Q3 profit at record high on gains from US battery tax credit

LG Energy Solution Ltd., one of the world’s leading battery makers, said on Wednesday its operating profit soared to a record high in the th...

Hyundai Wia showcases autonomous parking robot

South Korea’s No. 2 automotive parts supplier Hyundai Wia Corp. announced its participation in the country's largest robotics industry exhibit...

S.Korea’s Gopizza to open branch at Singapore Changi airport

South Korean food tech startup Gopizza, known for its single-serving pizza prepared by robots, on Tuesday said it will open a branch on Nov. 1 at Si...

S.Korea’s petrochemical, steel firms open online shopping malls

South Korea’s petrochemical and steel companies, which mainly engage in business-to-business transactions, are opening or running a string o...

Dollar/won in wildest swing in 13 yrs despite intervention

The South Korean won suffered its wildest fluctuation against the dollar this year since 2010, shrugging off heavy dollar-selling intervention by lo...

Apple, Google may face $50.4 mn fine over in-app billing in Korea

Apple Inc. and Alphabet Inc.’s Google may be fined up to 68 billion won ($50.4 million) in South Korea for breaking the country’s in-app...

Microsoft ties up with Korean startup Wrtn on AI solutions

Microsoft Corp. and a South Korean artificial intelligence portal startup Wrtn Technologies Inc. joined hands for the generative AI service based on...

Hyundai Glovis pledges carbon neutrality by 2045

South Korean shipping and logistics company Hyundai Glovis Co. on Thursday pledged to achieve carbon neutrality by 2045.  Despite producing a h...

BMW premieres new 5 Series in Korea, the model’s top market

German carmaker BMW Group on Thursday premiered its latest 5 Series premium sedan in South Korea, an indication of the growing importance of the Asi...