Samsung, LG products sweep CES 2023 innovation awards

South Korea’s two largest home appliance makers – Samsung Electronics Co. and LG Electronics Inc. – have swept a record number of ...

Kia mulls investing $754 mn in China instead of Russia

Kia Corp., South Korea’s second-largest carmaker, is considering an investment of $754 million, which had been set aside for Russia, in China ...

US extends antitrust review of Korean Air-Asiana merger

The US competition authority extended its review of the proposed merger between South Korea’s two largest airlines to check if the deal hurts ...

SK Geo Centric to build Asia's biggest advanced recycling plant with British partner

South Korea's SK Geo Centric, the green chemical subsidiary of SK Innovation, will build Asia's largest advanced recycling (pyrolysis) plant in the ...

Korean startup Perigee aspires to become Asia's SpaceX, MOU with PhilSA

Daejeon-based Perigee Aerospace Inc. has taken a number of steps with the aim of becoming the next Space Exploration Technologies Corp. (SpaceX), th...

GS Caltex to enter carbon capture, utilization and storage sector

South Korea's oil refining and energy giant GS Caltex has teamed up with leading domestic companies in their respective fields to enter the carbon c...

UK regulator flags concerns over Korean Air-Asiana merger

The British antitrust watchdog raised concerns over the impact on competition of the proposed merger between South Korea’s two largest carrier...

Saudi crown prince to meet Korean business leaders in Seoul

Saudi Arabia’s crown prince Mohammed bin Salman is known to be planning meetings with leaders of major South Korean conglomerates, including S...

South Korean burger franchise Lotteria looks to the US for expansion

South Korea’s fast food franchise Lotteria is planning to enter the United States, home to the world’s best-known burger franchises.&nbs...

NCSOFT unveils trailer of new shooting game LLL

NCSOFT Corp. on Monday unveiled the gameplay trailer for LLL, its new shooting game for PCs and consoles to be released worldwide in 2024, for the f...

LG Elec to launch total care service for home appliances

LG Electronics Inc., the world’s top home appliance maker, is launching a total care service for products in South Korea to enhance after-sale...

Pulmuone to double pasta production in China by expanding plant

South Korea's food giant Pulmuone on Monday said it will boost production of pasta-based convenience food in China by expanding its first plant in P...

SK Nexilis develops copper foil for cylindrical batteries

South Korea's SK Nexilis, a maker of copper foil for secondary cells under SKC Inc., has achieved a world first with its development of a highly elo...

Sale of Korean dental scanner maker Medit fails

The sale of South Korea's dental scanner manufacturer Medit will undergo a reset as the preferred bidder, a consortium led by GS Holdings and the US...

CJ CheilJedang builds up future food materials business

CJ CheilJedang, following an organizational reshuffle, will focus on the development of future food such as food ingredients and alternative protein...

Hyundai partners with Indonesia firm for stable aluminum supply

Hyundai Motor Co., South Korea’s top automaker, joined hands with an Indonesian miner to secure a stable aluminum supply as demand for the raw...

LG Elec to bet on healthcare, mobility, metaverse in N.America

LG Electronics Inc., the global top home appliance maker, will bet on the healthcare, mobility and metaverse sectors in North America through invest...

Korean firms at risk of credit rating downgrade on Legoland woes

South Korean companies are at risk of credit rating downgrades as the fallout of a debt default by the domestic developer of a Legoland theme park r...

LG Energy Solution diversifies supply chains to respond to US IRA

LG Energy Solution Ltd. has made a preemptive response to the Inflation Reduction Act of the US by securing the supply of lithium carbonate, a key m...

KEPCO to see record loss 2022 on slower power tariff hikes

Korea Electric Power Corp. (KEPCO), the state-run utility, is set to suffer a record operating loss this year with a shortfall mounting to the secon...

Korean construction firms boost Saudi Arabia presence with megaprojects

RIYADH – South Korean firms are accelerating their efforts to win construction projects from Saudi Arabia as the Middle East’s largest e...

Hyundai E&C unveils 1st designs for Korean-made UAM vertiports

South Korea's Hyundai Construction and Engineering (E&C) has unveiled for the first time its concept designs for the urban air mobility (UAM) in...

Korean brokerages' restructuring targets investment banking units

South Korea’s small- and mid-sized brokerage houses have begun their workforce reductions ahead of the end of the year. The brokerages are set...

Korean PE firms struggle with fundraising on illiquidity

South Korean private equity (PE) firms are having trouble fundraising as institutional investors' capital for new investment is drying up amid inter...

KT to invest $2 million in US voice biomarker developer

KT Corp., a South Korean telecommunications giant, plans to invest $2 million in Sonde Health Inc., a US voice biomarker developer, to enhance the c...

Intake bets on alternative meat, zero-calorie drinks for future of food tech

South Korean food tech startup Intake Corp. sells a wide range of meat alternatives, such as plant-based egg substitutes and vegan burger patties.&n...

Korean retail brand F&F’s Chinese sales seen above $800 million

South Korean outdoor clothing retailer F&F Co. is expected to post 1.1 trillion won ($807 million) in sales revenue in China this year, emerging...

Celltrion's Q3 earnings boosted by Remsima sales in Europe

South Korean biopharmaceutical giant Celltrion Inc. announced 654.6 billion won ($478.2 million) in revenue and 213.8 billion won in operating profi...

NCSOFT invests $15 million in blockchain company Mysten Labs

NCSOFT Corp., which announced early this year plans to install non-fungible token (NFT) technology in the global version of its online role-playing ...

Microsoft CEO Nadella to speak at developers' forum in Seoul

Microsoft Korea said on Tuesday that it will host Microsoft Ignite Spotlight on Korea, an annual conference for developers and IT professionals, on ...