Korea Credit Data raises $75.7 million from Morgan Stanley

Korea Credit Data raises $75.7 million from Morgan Stanley

Korea Credit Data (KCD), a South Korean fintech startup focusing on small- and medium-sized enterprises (SMEs), has raised 100 billion won ($75.7 mi...

BOK chief’s top mission: Soft landing for household debt

BOK chief’s top mission: Soft landing for household debt

South Korea’s central bank chief on Thursday vowed to reduce household debt without causing a severe economic downturn as the Bank of Korea he...

Naver eyes global market with new LLM HyperCLOVA X

Naver eyes global market with new LLM HyperCLOVA X

Naver Corp., the South Korean online platform giant, has finally debuted its upgraded large language model (LLM) HyperCLOVA X, its new pillar busine...

POSCO Int'l marks 1st animal vaccine exports

POSCO Int'l marks 1st animal vaccine exports

POSCO International Corp., the general trading and energy exploration unit of South Korea's steel giant POSCO Holdings Inc., announced on Thursday t...

HLB signs with Japan's OSCL for exclusive supply of C-Trelin ingredient

HLB signs with Japan's OSCL for exclusive supply of C-Trelin ingredient

South Korea's pharmaceutical company HLB Therapeutics Co. announced on Thursday that it has entered into a business agreement with Japan's Osaka Syn...

Poland kicks off approval process to import S.Korean reactors

Poland kicks off approval process to import S.Korean reactors

Poland has started an approval process to build a nuclear power plant consisting of South Korean reactors, according to foreign media reports, despi...

Indonesia, Vietnam boost Korean banks’ overseas profits

Indonesia, Vietnam boost Korean banks’ overseas profits

South Korea’s top four banks posted sharp earnings growth in overseas operations in the first half of this year, buoyed by solid profits in In...

SK Bioscience resumes output of flu vaccine after two years

SK Bioscience resumes output of flu vaccine after two years

SK Bioscience Co., the drug-making unit of South Korea’s SK Group, on Wednesday shipped SKYCellflu, its vaccine for the common flu, for the fi...

Korean exodus from China funds amid deepening property crisis  

Korean exodus from China funds amid deepening property crisis  

South Korean investors’ retreat from Chinese equity funds of nearly 10 trillion won ($7.5 billion) in total principal is accelerating amid dee...

LG aims to capture 50% of global luxury car display market by 2026

LG aims to capture 50% of global luxury car display market by 2026

LG Display Co., the world’s leading manufacturer of large-size organic light-emitting diode (OLED) panels, said on Wednesday it aims to more t...

More Korean FSS retirees find jobs in legal, financial biz

More Korean FSS retirees find jobs in legal, financial biz

More retirees of the Financial Supervisory Service (FSS) are snagging new jobs at private companies such as the banks they regulated during their te...

LG Chem to sell film factories amid shift to new growth drivers

LG Chem to sell film factories amid shift to new growth drivers

LG Chem Ltd., South Korea’s chemical major, is seeking to sell its film factories at home amid accelerating business reorganization centered a...

SK Telecom to enter generative AI market with large language model

SK Telecom to enter generative AI market with large language model

SK Telecom announced on Wednesday that it will provide tailored generative AI services to businesses and public agencies using various advanced arti...

CJ's Bibigo launches new global campaign

CJ's Bibigo launches new global campaign

South Korean food giant CJ CheilJedang Corp.'s flagship brand Bibigo is engaging with consumers worldwide through a new campaign. The company announ...

Schindler-invested Hyundai Elevator faces S.Korean activism

Schindler-invested Hyundai Elevator faces S.Korean activism

South Korea’s Hyundai Elevator Co., the No. 2 shareholder of which is Schindler Holding AG, has faced a request from a local activist investor...

Celltrion’s Vegzelma listed on prescription of 10 private US insurers

Celltrion’s Vegzelma listed on prescription of 10 private US insurers

South Korea’s Celltrion Healthcare Co. announced on Wednesday that it has signed contracts with 10 insurance providers in the US to boost the ...

DongKoo Bio & Pharma to enter Philippine healthcare market

DongKoo Bio & Pharma to enter Philippine healthcare market

South Korea’s DongKoo Bio & Pharma Co. on Tuesday said it signed a memorandum of understanding with the Philippine healthcare group Adizat...

Tesla Model Y runs with Kumho’s EV tires, its new cash cow

Tesla Model Y runs with Kumho’s EV tires, its new cash cow

Tires tailored for electric vehicles are expected to become the next cash cow of South Korean tire maker Kumho Tire Co. thanks to growing EV tire or...

Lululemon taps into Korea’s live commerce market

Lululemon taps into Korea’s live commerce market

Lululemon Athletica Inc., dubbed the Chanel of yoga wear, is tapping into South Korea’s live commerce market, a move that industry watchers sa...

HiteJinro to strengthen soju marketing in UK

HiteJinro to strengthen soju marketing in UK

South Korea’s leading soju maker HiteJinro Co. announced on Tuesday that its soju sales in the UK are showing consistent growth year by year. ...

Ildong Pharma to export high blood pressure treatment to China

Ildong Pharma to export high blood pressure treatment to China

South Korea's Ildong Pharmaceutical Co. on Tuesday said it will export benidipine hydrochloride, a raw material used in the treatment of high blood ...

42dot gets vehicle cybersecurity certification

42dot gets vehicle cybersecurity certification

42Dot, a self-driving technology affiliate of Hyundai Motor Group, said on Tuesday that it received a  certification of ISO/SAE 21434 Cyber Sec...

KB, Shinhan, Woori improve rankings on Top 1,000 bank list

KB, Shinhan, Woori improve rankings on Top 1,000 bank list

South Korea’s KB Financial Group, Shinhan Financial Group and Woori Financial Group improved their rankings on the list of the global top 1,00...

Fans of Supreme rush into the label's 1st Korean store

Fans of Supreme rush into the label's 1st Korean store

The US street fashion brand “Supreme,” which has a global fandom with a brand name written in white in a red box, opened its first store...

CJ Olive Young, Meta sign agreement for digital marketing

CJ Olive Young, Meta sign agreement for digital marketing

South Korea's health and beauty store chain CJ Olive Young announced on Tuesday that it signed a business cooperation agreement with Meta, global so...

Hyundai Transys' car seats rank in top 3 by US market survey

Hyundai Transys' car seats rank in top 3 by US market survey

A leading US consumer satisfaction survey has ranked car seats made by South Korea’s Hyundai Transys in the top three for the fourth consecuti...

Samsung, LG Electronics top 2 global TV makers in H1

Samsung, LG Electronics top 2 global TV makers in H1

Samsung Electronics Co. and LG Electronics Inc., two South Korean tech giants, respectively achieved the No. 1 and No. 2 spots in the global TV set ...

MXene: Korean investors’ next target after superconductor craze fizzles

MXene: Korean investors’ next target after superconductor craze fizzles

Speculative investors in South Korea have started to amass shares related to Mxene, touted as a next-generation material, after dumping a large numb...

Hyundai Department Store, Nestlé forge dietary supplement alliance

Hyundai Department Store, Nestlé forge dietary supplement alliance

Hyundai Department Store Group has chosen multinational food giant Nestlé S.A. as a partner in its long-term drive to expand its bio and heal...

Doosan Enerbility to produce aviation gas turbine with ADD

Doosan Enerbility to produce aviation gas turbine with ADD

South Korea’s power plant builder Doosan Enerbility Co. announced on Monday that it signed a contract with the Agency for Defense Development ...

K-beauty craze sends Olive Young online sales to new heights Hyundai Motor’s high-stakes gambit in US: Cut vehicle prices as rivals hike With waning MZ interest, is heyday over for S.Korea’s golf apparel market? LG links up with Chinese rivals for budget appliance supremacy Mercedes opens world’s 1st Maybach flagship center in Seoul