Hanwha Ocean to develop submarine technology to evade detection

Hanwha Ocean to develop submarine technology to evade detection

South Korea's Hanwha Ocean Co. has consecutively secured contracts for naval technology-related vessel research projects. The company recently annou...

KOTRA to support K-startups in European expansion

KOTRA to support K-startups in European expansion

The Korea Trade-Investment Promotion Agency (KOTRA) announced on Wednesday the establishment of a South Korean pavilion at the upcoming SLUSH 2023, ...

Seoul office leasing turns lender’s market as vacancy rates at 2023 low

Seoul office leasing turns lender’s market as vacancy rates at 2023 low

Office vacancy rates in South Korea’s capital city of Seoul fell to their lowest level this year last month as people returned to work follo...

More Koreans seek high-yield bond funds, betting the Fed will end hikes

More Koreans seek high-yield bond funds, betting the Fed will end hikes

South Korean investors are growing more interested in global high-yield bond funds, betting that the US Federal Reserve is likely to end its interes...

JW Holdings starts to export Winuf to Mongolia

JW Holdings starts to export Winuf to Mongolia

South Korea's JW Holdings corporation announced on Tuesday that it started to export the multi-nutritional liquid Winuf Central 736·1085ml to...

Iljin Electric bags $333 mn high-voltage transformer deal in US

Iljin Electric bags $333 mn high-voltage transformer deal in US

Iljin Electric Co. has won its largest-ever 431.8 billion won ($333.2 billion) order to supply high-voltage transformers to a US energy company, the...

Hanjin to strengthen logistics for K-fashion brands

Hanjin to strengthen logistics for K-fashion brands

South Korea's Hanjin Transportation, a logistics unit of Hanjin Group, announced on Tuesday that it plans to strengthen Swoop, a logistics service o...

LG H&H to boost marketing of makeup brands in Japan

LG H&H to boost marketing of makeup brands in Japan

South Korea's LG H&H Co. announced on Tuesday that it will boost marketing of its premium makeup brands "Glint by VDIVOV" (Glint) and "freshian"...

Samsung’s Harman ups ante in home audio market with Roon

Samsung’s Harman ups ante in home audio market with Roon

Harman International has taken over Roon Labs, the multi-device and multi-room audio technology company popular among audiophiles for its streaming ...

Korean defense sector to offset semiconductor downturn: FT

Korean defense sector to offset semiconductor downturn: FT

South Korea’s defense sector is enjoying booming demand from countries across the world that are cutting their reliance on Russian weapons, of...

EcoPro Materials' Kospi debut draws investors for short-term gains

EcoPro Materials' Kospi debut draws investors for short-term gains

Shares in EcoPro Materials Co., South Korean battery materials maker EcoPro Group’s unit that went public on Nov. 17, are skyrocketing as reta...

S.Korean gov't to support export of postnatal care centers

S.Korean gov't to support export of postnatal care centers

The South Korean government will support the overseas expansion of domestic postnatal care centers. South Korea's Ministry of Economy and Fin...

Car sales may sputter in 2024 amid EV policy risk: Research

Car sales may sputter in 2024 amid EV policy risk: Research

The global automobile market is on track to recover to pre-pandemic levels this year and is expected to grow at a moderate pace amid a prolonged eco...

L&F to invest $1.9 bn to build key battery materials plants

L&F to invest $1.9 bn to build key battery materials plants

DAEGU, South Korea – L&F Co., South Korea’s major cathode supplier seeking to transform into a comprehensive battery materials produ...

Cosmax targets Thailand with K-beauty cosmetic formulations

Cosmax targets Thailand with K-beauty cosmetic formulations

Cosmax Inc., South Korea's largest cosmetics manufacturer that specializes in original design manufacturing (ODM), announced on Monday that it is ac...

SK Telecom to expand metaverse market in SE Asia

SK Telecom to expand metaverse market in SE Asia

South Korea's SK Telecom Co. announced on Monday that it partnered with three IT companies in Southeast Asia to accelerate its metaverse market st...

Delivery Hero-backed Baemin to exit Vietnam on low returns

Delivery Hero-backed Baemin to exit Vietnam on low returns

Baemin, the top food delivery platform in South Korea, will exit Vietnam on Dec. 8 after four years of operations there amid fierce market competiti...

Apple to open sixth store in S.Korea

Apple to open sixth store in S.Korea

Apple Inc. said on Monday that it will open its sixth store in South Korea on Dec. 9. The new store will be located in the Starfield Hanam shop...

KG Mobility may lose its name to trademark troll

KG Mobility may lose its name to trademark troll

KG Mobility Corp., South Korean automaker specializing in sport utility vehicles, is on the brink of losing its new name, which could deal a blow to...

Korean shipbuilders seek overseas yards for surging orders

Korean shipbuilders seek overseas yards for surging orders

South Korean shipbuilders are seeking overseas production bases through mergers and acquisitions to meet soaring demand across the world as they hav...

Korean ELS investors biting nails over sharp falls in Hong Kong shares

Korean ELS investors biting nails over sharp falls in Hong Kong shares

Chinese shares listed on the Hong Kong bourse have fallen sharply so far this year, placing the city’s main stock index, the HSCEI, among the ...

Daewoo E&C seeks energy infrastructure biz in Yemen

Daewoo E&C seeks energy infrastructure biz in Yemen

South Korea's Daewoo Engineering & Construction Co. announced on Friday that it signed a memorandum of understanding (MOU) with the Yemeni Minis...

Korean LCC T’way enjoys healthy earnings on preemptive investment

Korean LCC T’way enjoys healthy earnings on preemptive investment

South Korean budget airline T'way Air Co. reported strong earnings as it benefited from its preemptive move of introducing new aircraft to increase ...

Samsung Engineering designs Sarawak green hydrogen project in Malaysia

Samsung Engineering designs Sarawak green hydrogen project in Malaysia

Samsung Engineering Co., the construction and engineering unit of South Korea’s top conglomerate Samsung Group, said on Friday it has begun th...

Hyundai Kona Electric beats Honda in German test

Hyundai Kona Electric beats Honda in German test

Hyundai Motor Co. announced on Friday that its best-selling electric vehicle (EV) compact sports utility vehicle (SUV) Kona Electric received higher...

Lotte Fine to invest $99 mn to up green materials sales by 6 times  

Lotte Fine to invest $99 mn to up green materials sales by 6 times  

Lotte Fine Chemical Co., South Korea’s largest ammonia producer, will spend a total of 129 billion won ($99 million) in an aim to become the w...

Black Friday sales offer short-lived relief to Korean retailers

Black Friday sales offer short-lived relief to Korean retailers

South Korean retailers and fashion outlets are seeing record-breaking sales during their big discount events this month, but industry watchers said ...

Two S.Koreans selected as members of CAE

Two S.Koreans selected as members of CAE

Kinam Kim, President of the National Academy of Engineering of Korea (NAEK) and Sang Yup Lee, Vice President of NAEK were selected as foreign memb...

GC Biopharma wins $10 mn order for flu vaccine in Thailand

GC Biopharma wins $10 mn order for flu vaccine in Thailand

South Korea's GC Biopharma Corp. announced on Thursday that its flu vaccine GC Flu secured a $10 million order in the upcoming bid by Thailand's Gov...

CJ Logistics’ Indian operation Darcl taps IPO with SEBI

CJ Logistics’ Indian operation Darcl taps IPO with SEBI

CJ Darcl Logistics, CJ Logistics Corp.'s Indian operation, is seeking to go public in the South Asian country to expand its footprint in the world&r...

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