SK On logs record quarterly loss on sluggish EV market

SK On logs record quarterly loss on sluggish EV market

SK On Co., the world’s fifth-largest battery maker, on Thursday reported a record quarterly loss on the prolonged weakness in the electric veh...

Lotte Rental establishes UAE subsidiary

Lotte Rental establishes UAE subsidiary

South Korea's Lotte Rental Co. said on Thursday that it established an overseas subsidiary in Dubai, United Arab Emirates (UAE), to boost the expo...

MezzoMedia acquires digital ad agency DBASE&

MezzoMedia acquires digital ad agency DBASE&

MezzoMedia, a digital marketing solutions company under South Korea's entertainment company CJ ENM Co., announced on Thursday that it acquired the d...

SoftBank-backed Tridge in trouble amid Korean startup doom

SoftBank-backed Tridge in trouble amid Korean startup doom

Tridge Co., South Korea’s first agricultural product and food trading platform operator invested in by SoftBank Group Corp., is in financial t...

Central Asia emerging as South Korea’s new used car export market

Central Asia emerging as South Korea’s new used car export market

South Korea’s export volume of secondhand vehicles to Central Asia is increasing for an unexpected reason: Russia.According to the Korea Inter...

Korean commercial real estate market to show slow recovery in H2

Korean commercial real estate market to show slow recovery in H2

South Korea’s commercial real estate market will post a slow recovery in the second half of this year due to rate cut delays and no big correc...

EcoPro BM may cut battery materials capacity on EV slowdown

EcoPro BM may cut battery materials capacity on EV slowdown

South Korea’s leading battery materials maker EcoPro BM Co. is considering reducing cathode output capacity despite continuous investments in ...

Shinsegae Factory Store to enter Laos in 2025

Shinsegae Factory Store to enter Laos in 2025

South Korea's Shinsegae Department Store announced on Wednesday that its off-price retail chain, Shinsegae Factory Store, will expand its global foo...

LG Uplus to produce live-action robot drama

LG Uplus to produce live-action robot drama

South Korea's LG Uplus Corp. announced plans to partner with SAMG Entertainment and HighZium Studio Co. to create Korean-style robot content, aimi...

Toss Securities to establish New York subsidiary

Toss Securities to establish New York subsidiary

South Korea's Toss Securities will establish a subsidiary in New York, the US to to expand its overseas business. The company announced on Tues...

Kyochon Chicken opens first store in Vancouver

Kyochon Chicken opens first store in Vancouver

South Korea's fried chicken chain Kyochon F&B announced on Tuesday that it opened its first store in Vancouver, Canada.Kyochon F&B opened Ky...

KOSME, CJ Olive Young support K-beauty SMEs to enter US

KOSME, CJ Olive Young support K-beauty SMEs to enter US

Korea SMEs and Startups Agency (KOSME) announced on Tuesday that it held online and offline marketing and buyer meetings in partnership with CJ Oliv...

SK Telecom's X Caliber to enter SE Asian pet market

SK Telecom's X Caliber to enter SE Asian pet market

South Korea's SK Telecom Co. announced on Tuesday that it signed a contract to supply X Caliber, an AI-based pet diagnosis assistance solution, to t...

Korean treasury yields fall to lowest level in over 2 years

Korean treasury yields fall to lowest level in over 2 years

South Korea’s treasury bond yields fell to their lowest points in more than two years, slipping below the 3% level for the first time since Ap...

SM Entertainment, S.Korean startup Jienem to build K-Pop hotel

SM Entertainment, S.Korean startup Jienem to build K-Pop hotel

South Korea's residence operator startup Jienem announced on Monday that it signed a memorandum of understanding (MOU) with Kreation Music Rights (K...

Samsung, LG bet big on gaming monitors on esports boom

Samsung, LG bet big on gaming monitors on esports boom

South Korea’s electronics giants Samsung Electronics Co. and LG Electronics Inc. are gearing up for a fierce battle in the gaming monitor mark...

Hyundai Motor chief Chung's unwavering support for Korean archery team

Hyundai Motor chief Chung's unwavering support for Korean archery team

Hyundai Motor Group Chairman Chung Euisun’s love for archery is well-known in South Korea. The executive chairman of Hyundai Motor Co. and Ki...

Hyundai gives advanced air mobility demo in Indonesia

Hyundai gives advanced air mobility demo in Indonesia

Hyundai Motor Group on Monday unveiled its advanced air mobility (AAM) technology and demonstrated an AAM prototype aircraft, or a flying car, in In...

S-Oil halts fire-hit paraxylene plant, faces revenue loss

S-Oil halts fire-hit paraxylene plant, faces revenue loss

ULSAN, South Korea -- It looks inevitable that S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., will take a substantial revenue hit from...

F&F to expand Discovery brand across Asia

F&F to expand Discovery brand across Asia

F&F Co., a South Korean clothing company, said on Monday it signed an exclusive deal with Warner Bros. Discovery (WBD) to bring the outdoor bran...

Colosseum poised for next leap with global expansion drive

Colosseum poised for next leap with global expansion drive

Colosseum Corporation Inc., a fulfillment startup based in South Korea, has set its sights on global conquest with its nationwide and international ...

Korean soju makers likely to log strong quarterly profit

Korean soju makers likely to log strong quarterly profit

HiteJinro Co., South Korea’s leading soju maker, will likely post its best-ever quarterly profit in the second quarter as the clear distilled ...

Hyundai Mobis lighting system wins triple crown of design awards

Hyundai Mobis lighting system wins triple crown of design awards

South Korea's auto parts maker Hyundai Mobis announced on Sunday that its Active Aero Lighting System (AALS) has received awards at the world's thre...

Korean shipbuilding shares surge on supercycle hope, Trump Trade

Korean shipbuilding shares surge on supercycle hope, Trump Trade

South Korea’s Big Three shipbuilders, also the world’s three largest, stand to benefit from the emerging industry supercycle and the so-...

S.Korea relinquishes control to China in smaller OLED market

S.Korea relinquishes control to China in smaller OLED market

LG Display Co. and Samsung Display Co. lost ground to their Chinese rivals in the global small and mid-sized organic light-emitting diode (OLED) pan...

E-Mart’s No Brand success story: A Korean snack chain goes global

E-Mart’s No Brand success story: A Korean snack chain goes global

When South Korean convenience store operator E-Mart Inc. launched its low-budget house label No Brand in 2015, few thought it would last long.Under ...

Kumho Tire holds Latin American dealer convention

Kumho Tire holds Latin American dealer convention

South Korea's Kumho Tire Co. announced on Friday that it held the Kumho Dealer Convention event from July 20 to 22 in Sao Paulo, Brazil, inviting ab...

Kolmar Korea, Sensient Beauty to co-develop pigments

Kolmar Korea, Sensient Beauty to co-develop pigments

Kolmar Korea, a supplier to global cosmetics brands such as Estee Lauder, announced on Friday that it signed a memorandum of understanding (MOU) wit...

China is LG H&H’s headache amid global K-beauty boom

China is LG H&H’s headache amid global K-beauty boom

South Korean cosmetics giant LG H&H Co. has yet to benefit from the global K-beauty boom due to its heavy dependence on China, the world’s...

Hanwha Ocean wins $332 mn ship order from S.Korean Navy

Hanwha Ocean wins $332 mn ship order from S.Korean Navy

South Korea's Hanwha Ocean Co. announced on Thursday that it was selected as the preferred bidder for the second auxiliary oiler replenishment (AOE)...

K-style strikes back to win over China’s Gen Z with Musinsa at helm BTS’ Jungkook, IU crowned most-loved K-pop artists worldwide Shinsegae, Hana Financial, Bain Capital to finance $438 mn Starfield Cheongna Saudi Crown Prince bin Salman courts Korean AI startups as Riyadh, Abu Dhabi vie to build tech hubs K Shipbuilding up for sale as Korean shipyards ride new boom