Weak property market cuts into Korean securities firms’ profits

Weak property market cuts into Korean securities firms’ profits

dd South Korea’s securities firms suffered a 20% fall in overall net profit last year hurt by the weak property market, adding to bearish vie...

Korean savings banks swing to loss after 9 years

Korean savings banks swing to loss after 9 years

South Korea’s savings banks turned to the red after nine years in 2023 as they put aside heavy reserves on future loan losses, with their loan...

S.Korea's drone market set for takeoff, led by startups   

S.Korea's drone market set for takeoff, led by startups   

Starting in May, drones, not boats, will deliver parcels and even fried chicken to residents living on some of South Korea's remote islands unreacha...

POSCO new chief vows to keep fostering battery materials business

POSCO new chief vows to keep fostering battery materials business

POSCO Holdings Inc.'s new Chairman Chang In-hwa on Thursday pledged to keep fostering its electric vehicle battery materials business, the group&rsq...

Hanwha Solutions expands cable insulation materials units

Hanwha Solutions expands cable insulation materials units

South Korea's Hanwha Solutions Corp. is accelerating its entry into the global market with proprietary technology in high-voltage cable materials.Ha...

Krafton eyes mega M&A, PUBG franchise deals: Krafton chair

Krafton eyes mega M&A, PUBG franchise deals: Krafton chair

Krafton Inc., South Korea’s gaming behemoth, is gearing up for the second chapter of its business through “mega” M&A deals and...

LG injects $97 mn into Vista Equity’s fund for new tech investments

LG injects $97 mn into Vista Equity’s fund for new tech investments

LG Group, South Korea’s fourth-largest conglomerate, injected $97 million into a fund run by Vista Equity Partners Management LLC for investme...

Samsung rallies on expectations of Nvidia’s HBM order

Samsung rallies on expectations of Nvidia’s HBM order

SAN JOSE, Calif. – Samsung Electronics Co.'s stock zoomed on Wednesday after the world’s most famous AI chip provider Nvidia Corp. hinte...

Sephora to exit S.Korean market in May

Sephora to exit S.Korean market in May

Sephora, the world's leading multi-brand beauty retailer and an affiliate of French luxury conglomerate LVMH, announced on Tuesday that it will exit...

Korean investors’ yen savings flirt with record high

Korean investors’ yen savings flirt with record high

South Korean retail investors, hunting for bargains, have flocked to shovel in the Japanese currency hovering around its record low value in anticip...

Renault to invest $523 mn to build green car hub in Korea

Renault to invest $523 mn to build green car hub in Korea

Renault Korea Motors Co., grappling with a protracted slump without new releases, plans to invest more than 700 billion won ($523 million) by 2027 t...

IL Science enters UK silicon lens market

IL Science enters UK silicon lens market

South Korea's IL Science Co. said on Monday that it signed a contract with the US-based automotive electronics company Polymer Optics to supply an i...

Celltrion'a autoimmune disease drug Zymfentra makes US debut

Celltrion'a autoimmune disease drug Zymfentra makes US debut

South Korean biopharmaceutical giant Celltrion Inc. said on March 17 that it has launched its new autoimmune disease treatment Zymfentra in the US m...

Korea struggles with surging copper scrap exports to China

Korea struggles with surging copper scrap exports to China

South Korea’s nonferrous metal industry is scrambling for the procurement of copper scrap as China, the world’s top copper consumer, has...

LG Chem reshuffles R&D unit to turn into EV materials maker

LG Chem reshuffles R&D unit to turn into EV materials maker

LG Chem Ltd., South Korea’s largest petrochemical company, is strengthening its research & development capabilities as it aims to transfor...

Korea eyes $1.5 bn injection in KDB to boost chip, battery sectors

Korea eyes $1.5 bn injection in KDB to boost chip, battery sectors

South Korea may inject some 2 trillion won ($1.5 billion) into Korea Development Bank (KDB) by the end of this month to support the state-run bank's...

GAS Entec wins order for Indonesian offshore plant

GAS Entec wins order for Indonesian offshore plant

South Korea’s GAS Entec Co., the offshore plant design and modification form, has secured a contract to construct and operate a liquified natu...

EverCharge to install EV chargers at Oracle Park

EverCharge to install EV chargers at Oracle Park

South Korea’s SK E&S Co. announced on Sunday that its US-based electric vehicle (EV) charging subsidiary EverCharge Inc. will install hund...

SK On in talks with Nissan to supply batteries in US

SK On in talks with Nissan to supply batteries in US

South Korean rechargeable battery maker SK On Co. is in talks with Nissan Motor Co. to jointly produce battery cells for the Japanese carmaker in th...

Korea Zinc, LG Chem team up for US recycling business

Korea Zinc, LG Chem team up for US recycling business

Korea Zinc Inc., the leading global zinc and lead smelter, and LG Chem Ltd., South Korea’s top petrochemical producer, joined hands for the pl...

Private education spending in S.Korea hits new record high

Private education spending in S.Korea hits new record high

South Koreans’ spending on private education hit a new record high of 27.1 trillion won ($20 billion) in 2023, as the government’s annou...

Korean Air breaks ground on Asia’s largest aircraft engine MRO cluster

Korean Air breaks ground on Asia’s largest aircraft engine MRO cluster

Korean Air Lines Co., South Korea’s No. 1 full-service carrier, said on Thursday it has begun construction of a $439 million aircraft engine m...

Korea's Shinhan, Hana accelerate overseas push after record profits

Korea's Shinhan, Hana accelerate overseas push after record profits

South Korean major banks aim to accelerate their expansions in other countries as their overseas investments paid off with record profits last year ...

Korean rental platforms become headache for PE investors

Korean rental platforms become headache for PE investors

South Korean rental platforms have become a headache for private equity firms, with their declining profits and dim business outlooks making them ha...

Kolon Plastics to be rebranded as Kolon ENP

Kolon Plastics to be rebranded as Kolon ENP

Kolon Plastics Inc. announced on Thursday that it will change its name to Kolon ENP. The rebranding will be confirmed if approved at the regular sha...

CJ Logistics gets IATA lithium battery transport certification

CJ Logistics gets IATA lithium battery transport certification

South Korea’s CJ Logistics said on Wednesday that it obtained the certification CEIV lithium battery, or the Center of Excellence for Independ...

Burger Please!, world’s third-most downloaded app in 2023

Burger Please!, world’s third-most downloaded app in 2023

A hyper-casual game developed by South Korea’s fledgling gaming publisher Supercent was the world’s third-most downloaded newly launched...

Hyundai L&C targets US, India with premium finishing material

Hyundai L&C targets US, India with premium finishing material

Hyundai L&C, South Korea’s Hyundai Department Store Group’s building materials unit, said on Tuesday that it will increase the propo...

SK Ecoplant, TES to enter Japan’s battery recycling market

SK Ecoplant, TES to enter Japan’s battery recycling market

SK Ecoplant Co., a South Korean construction engineering and waste management firm, said on Tuesday it is entering Japan’s battery recycling m...

Hyundai E&C, Glennmont D&D sign renewable energy PPA

Hyundai E&C, Glennmont D&D sign renewable energy PPA

Hyundai Engineering & Construction Co. (Hyundai E&C) announced on Tuesday that it signed a power purchase agreement (PPA) for solar renewabl...

South Korea’s Lee completes cabinet lineup with IT executive, lawmaker 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