HiteJinro to build first overseas soju plant in Vietnam

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...

LG Energy barely fends off CATL in global EV battery market

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...

Kia holds first Global Distributors Convention in 5 years

Kia holds first Global Distributors Convention in 5 years

South Korea's Kia Corp. held a global distributors convention for the first time in five years, sharing medium to long-term business strategies, inc...

Israel-Hamas war takes toll on S.Korean pilgrims

Israel-Hamas war takes toll on S.Korean pilgrims

The war in Israel and Gaza, which has paralyzed some parts of the Middle East, is also set to put a complete stop to South Koreans’ tours of t...

KCC opens US refinish color center

KCC opens US refinish color center

South Korean chemical and auto parts maker KCC Corp. opened its first overseas refinish color center in the US. According to the company's anno...

CJ ENM expands global reach with entertainment IP exports

CJ ENM expands global reach with entertainment IP exports

South Korean entertainment giant CJ ENM Co. is broadening its international reach, exporting its widely popular entertainment show intellectual prop...

Lotte Ventures hosts L-Camp in Tokyo for promising Korean startups

Lotte Ventures hosts L-Camp in Tokyo for promising Korean startups

 TOKYO – Lotte Ventures Corp., the corporate venture capital (CVC) business unit of South Korea’s Lotte Group, on Thursday hosted L...

Five most common frustrations of Korean entrepreneurs

Five most common frustrations of Korean entrepreneurs

A South Korean company recently gave up on its plan to venture into the burgeoning robot market.Fair-trade regulations that prohibit the creation of...

KT&G breaks ground on new plant in Kazakhstan

KT&G breaks ground on new plant in Kazakhstan

South Korea's KT&G Corp., the world’s fifth-largest tobacco maker, announced on Thursday the commencement of its new factory's constructio...

Seesawing refining margins cloud Korean refiners’ earnings

Seesawing refining margins cloud Korean refiners’ earnings

The outlook on South Korean oil refiners' earnings in the fourth quarter has turned murky as oil refining margins are back on a downward trend ami...

S.Korean vaccine developer Quratis eyes Iraqi market

S.Korean vaccine developer Quratis eyes Iraqi market

South Korean vaccine developer Quratis Inc. on Wednesday announced its signing of a term sheet on the direction and major transaction terms of coope...

Shinsegae targets global luxury cosmetics market with own brand

Shinsegae targets global luxury cosmetics market with own brand

South Korea’s Shinsegae International Inc. targets the global luxury cosmetics market with its own house brand as it aims to transform into a ...

Amazon bets big on Korea digital transition with new spending

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...

Over 12,000 S.Korean SMEs enter Taiwan through Coupang

Over 12,000 S.Korean SMEs enter Taiwan through Coupang

South Korea's e-commerce leader Coupang Inc. announced on Wednesday that more than 12,000 small- and medium-sized enterprises (SMEs) have entered Ta...

Korean startups join push to champion satellite data analytics market

Korean startups join push to champion satellite data analytics market

Artificial intelligence is making big changes everywhere, even in space. Joining an AI-controlled space war, South Korean startups armed with AI tec...

LG Electronics unveils new gaming monitor tailored for LoL

LG Electronics unveils new gaming monitor tailored for LoL

LG Electronics Inc. 's new LG UltraGear gaming monitor is optimized for both performance and design and customized for the world-famous multiplayer ...

CJ CheilJedang to sell off its Brazilian soybean crusher

CJ CheilJedang to sell off its Brazilian soybean crusher

South Korean food giant CJ CheilJedang Corp. said Tuesday it will sell its full ownership in Brazilian soybean crusher CJ Selecta S.A., or a 66% sta...

Samsung Elec to launch HBM4 in 2025 to win war in AI sector

Samsung Elec to launch HBM4 in 2025 to win war in AI sector

Samsung Electronics Co., the world’s top memory chipmaker, aims to introduce sixth-generation top-performance High Bandwidth Memory4 (HBM4) DR...

KT&G faces another legal battle with Korean activist fund

KT&G faces another legal battle with Korean activist fund

Singapore-based private equity firm Flashlight Capital Partners Pte. said Monday that it has filed court injunctions against KT&G Corp., beginni...

POSCO fully recoups initial investment in Roy Hill mine

POSCO fully recoups initial investment in Roy Hill mine

POSCO Holdings Inc., the holding company of South Korea’s top steelmaker POSCO, has fully recovered its initial investment of 1.3 trillion won...

Vuno's brain imaging AI medical device secures FDA certification

Vuno's brain imaging AI medical device secures FDA certification

South Korea's medical device startup Vuno announced on Tuesday that its AI-powered brain quantification device Vuno Med-DeepBrain has received the 5...

Lotte Wellfood ups Choco Pie India sales target to $60 mn with new factory

Lotte Wellfood ups Choco Pie India sales target to $60 mn with new factory

Lotte Wellfood Co., formerly Lotte Confectionery Co., has revised up this year’s Choco Pie sales forecast in India to 80 billion won ($60 mill...

Gluten-free Korean snack, pea soy sauce lure European gourmets

Gluten-free Korean snack, pea soy sauce lure European gourmets

COLOGNE, Germany – The traditional Korean snack yakgwa and a soy-like sauce made with peas were named innovative foods of the year at the worl...

KakaoBank to acquire 10% stake in Super Bank Indonesia

KakaoBank to acquire 10% stake in Super Bank Indonesia

South Korea's KakaoBank Corp. announced on Tuesday its decision to invest in Indonesia's digital banking entity PT Super Bank Indonesia.This move ...

SK Plasma gets investment from Indonesian fund

SK Plasma gets investment from Indonesian fund

South Korea’s SK Plasma on Tuesday said it signed a term sheet, or a nonbinding agreement on the basic terms and conditions of an investment, ...

Hyundai to hike Exter SUV output to capitalize on void in India

Hyundai to hike Exter SUV output to capitalize on void in India

Hyundai Motor Co. plans to ramp up the production of its compact sport utility vehicle Exter in India to capitalize on the void in the entry-level S...

Hyundai Kona Hybrid beats Toyota in German test

Hyundai Kona Hybrid beats Toyota in German test

Hyundai Motor Co. announced on Friday that its crossover SUV, the Kona Hybrid, received higher scores than the Toyota Corolla Cross Hybrid in a vehi...

Microsoft ties up with Korean startup Wrtn on AI solutions

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...

Tesla Model Y reclaims spot as Koreans' favorite foreign car in September

Tesla Model Y reclaims spot as Koreans' favorite foreign car in September

The Tesla Model Y reclaimed the top spot on the best-selling imported car list in South Korea last month for the first time since September 2022. Th...

Ildong Pharma to spin off R&D subsidiary in Nov

Ildong Pharma to spin off R&D subsidiary in Nov

South Korea’s Ildong Pharmaceutical Co. will spin off its research and development (R&D) unit into the subsidiary Yunovia from Nov. 1.&nbs...

Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media Return of the K-pop queens: Blackpink, Twice power up YG, JYP Samsung to launch AI health coach beta in US by end-2025 South Korea moves to mandate treasury share cancellation