Korean duty-free shops hit by unfavorable exchange rate, limited inventory
The duty-free industry has been hoping that the end of COVID-19-related travel restrictions would help boost its sales. Even as international t...
K-beauty sales see sharp drop at China's major shopping event
South Korean cosmetics giants failed to win over Chinese consumers at the 618 Shopping Festival, one of the largest online annual shopping events in...
Top Korean companies’ new battlefield: Used car market
Hyundai Motor Co., Lotte Rental Co., and KB Financial Group, the No. 1 players in each of their sectors, are gearing up to fight in a new arena &nda...
SK Ecoplant to inject $100 mn in Korean solar energy firm Topsun
South Korea's top waste management company SK Ecoplant Co., a unit of conglomerate SK Inc., is slated to complete talks to invest 130 billion won ($...
S.Korean conglomerates look to paint future with NFTs
The non-fungible token (NFT) ecosystem has penetrated into mainstream society. NFTs are digital assets that represent objects in the physical world,...
SK Telecom blocks voice phishing via AI, police database
SK Telecom Co., a South Korean major mobile carrier, is strengthening its spam call filtering system to prevent voice phishing. The system blocked 3...
LG CNS launches AI robot subscription service for warehouse operators
LG CNS unveiled a cloud-based logistics robot subscription service on Tuesday, which could save warehouse operators a significant amount in upfront ...
Falling nickel prices: A boon for Korean battery makers over Chinese rivals
South Korea’s three battery players – LG Energy Solution Ltd., SK On Co. and Samsung SDI Co. – are getting a tailwind from the fal...
Hyundai Mobis CEO runs for ISO president as first Korean candidate
Hyundai Mobis Co. CEO Cho Sung-hwan has registered as a candidate for the next presidential election of the International Organization for Standar...
Foreign ownership of S.Korean stocks at 13-year low
Foreign investors’ stockholdings in South Korea have plunged to their lowest level in nearly 13 years, dealing a heavy blow to the domestic st...
Seoul poised to paint over Hong Kong in fine arts
Back in 2013, Hong Kong painted itself as the uncontested leader in Asia’s art scene – over Singapore, Shanghai, and Tokyo. Art Bas...
Hyundai's woes: Too many cars rolling out of Korean plants
The eight-day South Korean truck drivers’ strike that ended last week has laid bare one long-standing but often ignored problem at the country...
Rolls-Royce awards Hanwha Aerospace for trusted partnership
South Korea’s Hanwha Aerospace Co., has been chosen as one of the best partners of Rolls-Royce, the world’s leading aircraft engine ma...
Axiom Space invites Koreans to $500 million space hotel fundraising
Axiom Space Inc., which is developing the world’s first commercial space station, is seeking to raise $500 million from South Korean investors...
Pet health: Korean genetic testing firms' new target market
South Korean direct-to-consumer (DTC) genetic testing companies are rushing to the veterinary diagnostics market where they see greater potential gr...
Poland closer to deal to buy South Korean fighter jets, tanks, howitzers
Poland is moving closer to clinching a megadeal to buy South Korean weapons such as fighter jets, tanks and artillery amid the ongoing Russian war o...
LG Elec looks to pluck AI talent from Amazon, Microsoft
LG Electronics Inc.’s artificial intelligence head Lee Hyun-chul flew to Seattle this week to lure AI talent from Microsoft Corp. and Amazon.c...
LianBio teams with Korean MediRama to ease US biotechs' foray into Asia
LianBio, a Nasdaq-listed biotechnology company, has joined hands with MediRama Co., a South Korean clinical development firm, to help promis...
Korean truck drivers end strike as govt agrees to extend wage guarantee
South Korea’s unionized truck drivers have decided to end their eight-day strike after the government agreed to extend minimum wage guarantees...
Brokerages sit on $5.3 bn of global alternative assets to sell down
Some major securities firms in South Korea are having difficulties with overseas alternative assets they have yet to sell down. The brokerage firm...
Renault confident of Korean sales recovery; looks to larger cars
When French carmaker Groupe Renault dropped Samsung from its South Korean unit's company name in March, it aroused worries that the firm may not be ...
Industrial losses balloon as Korean trucker strike enters 7th day
South Korea’s manufacturing sector faces ballooning losses across industries as the trucker strike entered its seventh day on Monday, disrupti...
South Korean tech juggernauts turn their characters into NFTs
South Korea’s tech behemoths are turning the companies’ characters into non-fungible tokens (NFTs) with the aim of creating an intellect...
Korean bio firms flock to US as SV Invest eyes $100 million bio fund
SV Investment, a South Korean venture capital and private equity firm, is looking to launch a $100 million bio fund in the US as a growing number of...
Why Korean chipmakers struggle with talent shortages
South Korean President Yoon Suk-yeol on Tuesday lashed out at Vice Education Minister Chang Sang-wan during a cabinet meeting, after Chang pointed t...
LG Uplus to strengthen AI and data businesses with launch of voicebot
LG Uplus Corp., the mobile network arm of LG Corp., is poised to strengthen its business-to-business (B2B) operations by utilizing its artificial in...
Korean LPs join Antares Capital’s $3.5 bn credit fund
A few key institutional investors in South Korea are set to commit up to $300 million to a $3.5 billion private credit fund by US private debt man...
KT to spend near $10 bn on digital platform by 2026
KT Corp., a South Korean telecom giant, plans to invest nearly $10 billion in its digital platform sector by 2026 as it aims to focus on the industr...
S.Korean trucker strike enters 3rd day, targets Samsung’s supply chain
South Korea’s unionized truckers, on day three of a large-scale strike, have moved to disrupt the supply of materials needed to manufacture se...
McDonald’s to sell Korea operation, heating up burger M&As
McDonald’s Corp., the world’s top fast-food restaurant operator, is seeking to sell its South Korean business, heating up the mergers an...
