Korean banking groups see record-high loan losses in 2023

Korean banking groups see record-high loan losses in 2023

South Korea’s top four financial services groups – KB, Shinhan, Hana and Woori -- booked 1.97 trillion won ($1.5 billion) of loans as lo...

Samsung holds DRAM supremacy with its market share at 7-year high

Samsung holds DRAM supremacy with its market share at 7-year high

Samsung Electronics Co., the world’s largest memory chipmaker, saw its supremacy in the DRAM segment strengthen last year with its market shar...

Seoul City, Cyber Vally to support AI startups for overseas expansion

Seoul City, Cyber Vally to support AI startups for overseas expansion

Seoul City announced on Tuesday that it will collaborate with Cyber Valley GmbH, Europe's largest artificial intelligence (AI) research consortium, ...

KHNP, Centrus sign LOI for nuclear fuel supply

KHNP, Centrus sign LOI for nuclear fuel supply

Korea Hydro & Nuclear Power Co. (KHNP) announced on Monday that it has signed a letter of intent (LOI) with the US-based Centrus Energy Corp. to...

HyperCLOVA X surpasses GPT-4 in Korean AI evaluation

HyperCLOVA X surpasses GPT-4 in Korean AI evaluation

South Korea's Naver Cloud, the cloud computing arm of Naver Corp., announced on Tuesday that its HyperCLOVA X has scored higher than OpenAI and Goog...

Mohegan fuels casino, resort market rivalry in Korea

Mohegan fuels casino, resort market rivalry in Korea

Mohegan Inspire Entertainment Resort on Yeongjong Island, near South Korea’s gateway Incheon International Airport, is attracting throngs of v...

HL Mando listed in S&P Sustainability Yearbook 2023

HL Mando listed in S&P Sustainability Yearbook 2023

HL Mando Corp., an electric vehicle and self-driving system developing unit of South Korea’s HL Group, announced on Tuesday that it has been i...

S.Korean boiler firms expand exports

S.Korean boiler firms expand exports

Despite a global economic slowdown, South Korea's overseas exports of boilers and water heaters increased 4.9% year over year by $478.3 million in 2...

Doosan Enerbility expands metal 3D printing into shipbuilding

Doosan Enerbility expands metal 3D printing into shipbuilding

South Korea’s Doosan Enerbility Co. said on Monday that it has signed a memorandum of understanding (MOU) with Pelagus 3D, a Singapore-based p...

POSCO International to build motor core plants in Poland, Mexico

POSCO International to build motor core plants in Poland, Mexico

POSCO International Corp., the energy and trading unit of South Korea’s steel giant POSCO Holdings Inc., said on Monday it will build new trac...

Kolon Industries upgrades aramid smart factory system

Kolon Industries upgrades aramid smart factory system

Kolon Industries Inc. has upgraded its smart factory system to ensure its doubled production capacity of super fiber aromatic polyamide fibers (aram...

Hyundai Everdigm enters NA construction machinery market

Hyundai Everdigm enters NA construction machinery market

South Korea’s Hyundai Everdigm Corp. announced on Monday that it has signed a dealership agreement with the US-based heavy equipment special...

Caring raises $30 million in Series B funding

Caring raises $30 million in Series B funding

Caring Co., a South Korean startup offering senior care services, succeeded in raising 40 billion won ($30 million) in a series B funding round, e...

Paris Baguette opens first store in Hawaii

Paris Baguette opens first store in Hawaii

Paris Baguette, the bakery franchise owned by South Korea's SPC Group, announced on Monday that it opened its first store in Hawaii, the US. The s...

KB Kookmin Bank opens KB Prasac Bank in Cambodia

KB Kookmin Bank opens KB Prasac Bank in Cambodia

KB Kookmin Bank announced on Monday that it held an opening event for the integrated commercial bank KB Prasac Bank PLC in Phnom Penh, Cambodia, on ...

Kia Niro surpasses 1 million global sales

Kia Niro surpasses 1 million global sales

Kia Corp.'s Niro, a compact crossover SUV hybrid and electric vehicle (EV) model, has surpassed the 1 million global sales milestone since its first...

Hanwha expected to sign $751 mn howitzer deal with Romania

Hanwha expected to sign $751 mn howitzer deal with Romania

Hanwha Aerospace Co., South Korea’s major aerospace and defense system developer, is set to sign a 1 trillion won ($751 million) contract to s...

Hyundai E&C likely to win Bulgaria’s nuclear project

Hyundai E&C likely to win Bulgaria’s nuclear project

South Korea’s Hyundai Engineering & Construction Co. (Hyundai E&C) was picked as the preferred bidder for Bulgaria's new nuclear react...

S.Korea’s foreign currency deposits fall as dollar’s strength seen limited

S.Korea’s foreign currency deposits fall as dollar’s strength seen limited

South Korea’s foreign currency deposits fell for the first time in four months in January as the dollar’s further gains versus the won f...

AIMMO’s global push gains speed with US foray

AIMMO’s global push gains speed with US foray

South Korean AI-powered data solution-providing startup AIMMO Inc. is expediting its global push with an aggressive advance into the US market, wher...

Hyundai to reignite Brazil’s mobility push with $1.1 billion investment

Hyundai to reignite Brazil’s mobility push with $1.1 billion investment

South Korea’s top automaker Hyundai Motor Co. said on Friday it will invest $1.1 billion in Brazil to reinvigorate the South American country&...

E-Mart to open first Korean supermarket chain in Laos

E-Mart to open first Korean supermarket chain in Laos

E-Mart Inc. said on Friday it will become the first South Korean supermarket company to open a chain store in Laos in its push to expand into Southe...

Hanwha Ocean wins $257 mn for two VLCCs

Hanwha Ocean wins $257 mn for two VLCCs

South Korea's Hanwha Ocean Co. announced on Friday that it has won an order for two very large crude carriers (VLCCs) from a shipowner in Oceania, t...

Defy convention with long-run plans to upvalue Korean stocks

Defy convention with long-run plans to upvalue Korean stocks

The South Korean stock market has been on an upward swing in recent weeks, with many partly attributing it to President Yoon Suk Yeol’s pledge...

Korea’s HL Mando launches auto parts JV with China’s Tianrun

Korea’s HL Mando launches auto parts JV with China’s Tianrun

HL Mando Corp., an electric vehicle and self-driving system developing unit of South Korea’s HL Group, said on Thursday it has launched an aut...

HD Hyundai Marine bags order to upgrade Chevron LNG tankers

HD Hyundai Marine bags order to upgrade Chevron LNG tankers

HD Hyundai Marine Solution Co., a ship maintenance, retrofitting and digital solution provider under HD Hyundai Co., has won an order from Chevron C...

Samsung to unveil Galaxy Fit3 in global market

Samsung to unveil Galaxy Fit3 in global market

Samsung Electronics Co. announced on Thursday that it will release its new fitness band, the Galaxy Fit3. The device features an expansive 40mm di...

LG Energy expedites LFP battery supply chain expansion

LG Energy expedites LFP battery supply chain expansion

LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, has secured enough lithium iron phosphate (LFP) cathode ma...

Korean bakeries with French names outsmart French peers

Korean bakeries with French names outsmart French peers

Paris Baguette and Tous les Jours, South Korea's two largest bakery brands, have been consolidating their positions in the saturated domestic market...

Hyundai Motor Group in test run of dedicated EV plant in Korea

Hyundai Motor Group in test run of dedicated EV plant in Korea

Hyundai Motor Group, the world’s No. 3 automaker, started a test operation of the first dedicated electric vehicle factory in South Korea to a...

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