KT succeeds in developing core equipment for 5G-specialized networks
KT Corp., a South Korean telecom service operator, has successfully developed equipment that embodies the core technology of 5G-specialized networks...
Will CATL’s bargain sales hurt Korean EV battery makers?
China’s Contemporary Amperex Technology Co. (CATL), the leading global electric vehicle battery manufacturer, has started a price war in the w...
Hyundai Dream Tour partners with Air France-KLM for eco-friendly fuel
On Monday, Hyundai Dream Tour, a travel company affiliated with Hyundai Department Store Group, announced a partnership with Air France-KLM to promo...
Lexus, Volvo: Koreans' top picks among foreign brands in after-sales service
Lexus, the premium brand of Japanese carmaker Toyota Corp., offers the best after-sales service among imported cars in South Korea, followed by Swed...
Koreans’ voracious appetite for pork belly extends to Canadian pork market
As South Korea prepares for Samgyeopsal Day, or Pork Belly Day, on March 3, the country has further upped pork imports from Canada – this afte...
Brazil approves Celltrion Pharm’s syringe facility
Celltrion Pharm Inc., a South Korean biopharmaceutical company, said on Monday it received certification from Brazil’s health regulator for it...
LG Elec wins best eco-friendly washing machine title in US
Consumer Reports, a prominent consumer magazine in the US, has named LG Electronics Inc.'s washing machines as the "best eco-friendly washing machin...
EU launches antitrust probe on Korean Air-Asiana deal
The European antitrust regulator opened a full-scale probe on the proposed takeover of Asiana Airlines Inc. by Korean Air Lines Co., given concerns ...
LG Uplus to participate in Drone Show Korea
On Sunday, South Korean mobile telecom carrier LG Uplus Corp. announced that it would host a joint exhibition hall with Kakao Mobility, GS Engineeri...
S.Korean won near 2-month low as US data fans Fed hike views
The South Korean won skidded to a near two-month low on Friday as hotter-than-forecast US inflation data added to expectations that the Federal Rese...
S.Korea confirms economic slowdown, recession concerns loom
The South Korean finance ministry on Friday confirmed that the country’s economy has slowed, mired in stubbornly high inflation and sluggish e...
DeepBrain AI joins CB Insights' Global 250 Generative AI Startups list
DeepBrain AI, a South Korean AI startup, said on Friday it made the list of "Global 250 Generative AI Startups" by CB Insights, a New York-based mar...
LG Chem invests $75 million in Piedmont Lithium, signs supply deal
LG Chem Ltd., South Korea’s largest chemicals maker, said on Friday it is acquiring a 6% stake in Piedmont Lithium Inc., a US mining company, ...
Igaworks partners with Vietnam’s Clever Group to supply data platform
South Korean big data platform company Igaworks said on Thursday it has signed a contract and strategic alliance deal with Vietnam’s largest m...
Korean shipbuilding, defense sectors offer bright 2023 outlook
South Korea’s major companies in shipbuilding, defense and construction industries expect strong earnings this year, despite growing concerns ...
Hyundai Mobis ramps up patent development for future mobility tech
Hyundai Mobis, a South Korean auto parts maker and a key affiliate of Hyundai Motor Group, said on Thursday that it filed more than 3,000 patents la...
KTO steps up Korean tourism promotion in Saudi Arabia
The Ministry of Culture, Sports and Tourism, along with the Korea Tourism Organization (KTO), are accelerating their efforts to promote Korean touri...
LG Elec places GuideBot in museums to improve viewing accessibility
LG Electronics Inc. announced on Thursday that the LG CLOi GuideBot "Qi" will be deployed as a curator at both the Gongju National Museum and Nation...
Vietnam’s rise: An ominous sign for Korean chipmakers
Just a few years back, it was Taiwan that was on everyone’s lips in the semiconductor industry.The small East Asian island country, home to th...
LG Energy Solution joins global climate disclosure initiative
South Korean battery maker LG Energy Solution Ltd. said on Wednesday that it has become the first domestic battery maker to endorse the Task Force o...
SK Biopharm holds sales meeting for marketing Cenobamate in US
On Wednesday, SK Biopharmaceuticals Co. announced that its US subsidiary, SK Life Sciences Inc., held a "National Sales Meeting" in San Diego. The p...
Korean PE firm STIC to buy stake in copper foil maker Iljin
South Korean private equity firm STIC Investments is poised to become the second-largest shareholder of Iljin Materials Co., a Kosdaq-listed battery...
Korean jobs up by 22-month low of 411,000 in Jan, with signs of cooling
South Korea added the smallest number of payrolls in nearly two years in January, with mainly part-time jobs taken by people in their 60s and older,...
Korean sovereign wealth fund KIC logs record loss in 2022
Sovereign wealth fund Korea Investment Corporation (KIC) posted the largest annual loss last year since its inception in 2005, according to its 20...
Vaxcell-Bio, Cellid sign MOU to build cancer immunotherapy platform
Vaxcell-Bio Therapeutics, a South Korean company specializing in anti-cancer immunotherapy, announced on Wednesday its partnership with Cellid Co. t...
Hyundai Transys bolsters ESG fair trade compliance program
Hyundai Transys, an auto parts unit of Hyundai Motor Group, announced on Wednesday that it is enhancing its voluntary fair trade compliance program ...
Hyundai Steel co-hosts symposium on low-carbon construction materials
Hyundai Steel has joined hands with the construction industry to increase the recycling of steel byproducts.On Tuesday, the steel maker organized a ...
10 villages featuring traditional Korean architecture to be built in Seoul
The Seoul Metropolitan Government is pursuing a "fusion Hanok" project of building 10 Hanok (traditional Korean architecture) villages in the capita...
Plain sailing for LS with record earnings under Chairman Koo’s leadership
LS Group’s plan to groom new growth engines from batteries to electric vehicles and semiconductors is set to gain impetus after South Korea&rs...
Korean Chips Act revision hits roadblock as opposition lawmakers balk
The proposed revision to South Korea’s answer to the US CHIPS and Science Act has hit a roadblock as the main opposition party, which controls...
