US regulations push Korean battery industry to cut reliance on China

The South Korean battery industry is facing pressure to cut its reliance on Chinese capital as the US government on Dec. 1 issued guidance that will...

Celltrion’s Vegzelma listed on US PBM preferred drug list

South Korea's Celltrion Healthcare Co. announced on Tuesday that its anti-cancer biosimilar Vegzelma (active ingredient: bevacizumab) was listed as ...

S.Korean newly married couples’ birth rate at record low

South Korea’s fertility rate among newly married couples, who account for most of the country’s newborns, hit a trough last year, adding...

Krafton to introduce AI characters in PUBG

South Korea's game developing and publishing giant Krafton Inc. plans to introduce virtual characters using generative AI in the first-person shoote...

Korea, Indonesia to facilitate bilateral trade in won, rupiah

The central banks of South Korea and Indonesia agreed to facilitate the settlement of bilateral trade in their currencies from next year as the elec...

Daewoong exports $92.4 mn Depot injection tech to UAE

South Korea's Daewoong Pharmaceutical announced on Monday that it exported its technology for clinical development and commercialization rights of i...

LG Uplus, Toyota Motor Korea team up for EV chargning

South Korea's LG Uplus Corp. announced on Monday that it formed a partnership with Toyota Motor Korea to expand electric vehicle (EV) charger infr...

LegoChem Bio mulls name change after defeat to Lego

South Korean biopharmaceutical company LegoChem Biosciences Inc. is seeking to change its name after it lost in a trademark infringement lawsuit fil...

Korean current account surplus at 19-month high on exports recovery

South Korea’s current account surplus hit a 19-month high in October as goods exports reported their first on-year growth in 14 months amid si...

Hyundai Movex to supply smart logistics for Hankook Tire US plant

South Korea’s Hyundai Movex Co., the logistics automation solutions affiliate of Hyundai Group, secured a $82 million contract to equip Hank...

Home&Shopping opens exclusive section in Vietnam K-Market

South Korea's Home&Shopping announced on Friday that it opened its exclusive section in the K-Market in Vietnam. The company aims to support the...

Korea Zinc to up sales to $19 billion by 2033 with green energy

Korea Zinc Inc., South Korea’s and the world’s largest lead and zinc smelter, will accelerate its drive to foster its new growth engines...

Generational shift in SK leadership with chairman’s cousin on front line

SK Group is setting out for a new era, tapping younger leaders in their 40s and 50s to lead South Korea’s second-largest group in its mission ...

Kia EV9 selected safest car in Europe

Kia EV9, the flagship large all-electric sport utility vehicle (SUV) of South Korea’s No. 2 automaker Kia Corp., received five stars in the Eu...

Songzio opens pop-up store in Printemps dept. store

Songzio, the South Korean first-generation designer brand, opened a pop-up store at Printemps Haussmann, a prestigious Parisian department store k...

GM Korea’s exports surpass 10 mn units Jan-Nov 2023

GM Korea Co. said on Thursday its vehicle exports have surpassed 10 million units this year as of the end of November with shipments of 10,082,281 u...

Kim Jong Un urges women to be good comrades — and give birth

SEOUL—Kim Jong Un has a new mission for North Korean women: Have more babies.Kim acknowledged the impoverished nation’s plunging bi...

Apple ordered to compensate Korean users for iPhone slowdown

An appellate court of South Korea on Wednesday ordered Apple Inc. to pay 70,000 won ($53.3) each to seven Korean iPhone users for deliberately slowi...

Celltrion, Cyron to develop multi-specific antibody new drug

South Korea’s biopharmaceutical company Celltrion Inc. announced on Wednesday that it signed a joint research agreement with domestic startup ...

EcoPro Materials, Doosan Robotics heat up Korean IPO market

South Korea’s initial public offering market is recovering as EcoPro Materials Co., Doosan Robotics Inc. and other newly listed jackpot shares...

E-Mart opens 3rd store in Vietnam, spurs K-food marketing

South Korea’s E-Mart Inc. will open its new hypermarket in Ho Chi Minh City on Dec. 7, accelerating sales of its private label No Brand produc...

GC Biopharma breaks ground on blood product plant in Indonesia

South Korea’s GC Biopharma Corp. broke ground on Wednesday on Indonesia’s first blood product plant through technology transfer.Indonesi...

POSCO International wins green car parts orders from US, Europe

POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., is accelerating i...

WeMade to build WEMIX Play Center in Dubai

South Korea’s game developer and publisher WeMade Co. announced on Wednesday that it partnered with the Dubai International Financial Center's...

Semiconductor export recovery powers S.Koreans’ income in Q3

A recovery in semiconductor exports led an increase in South Koreans’ income in the third quarter, although the earnings growth momentum may n...

Foreign streetwear brands flock to rich districts in Seoul

Palace Skateboards will likely join other foreign streetwear brands such as Noah, Supreme and Stussy, which have made their debut in South Korea, ta...

Korean banks enjoy robust earnings in Asian emerging markets

Four major banks in South Korea are enjoying healthy earnings from overseas businesses, particularly in Asian emerging markets.KEB Hana Bank posted ...

LG collaborates with BoConcept for TV interior design

LG Electronics Inc. announced on Tuesday that it is collaborating with the European premium furniture brand BoConcept to showcase the interior desig...

Hyundai, Kia support Korean exports hit by weak chip sales

Two affiliates of Hyundai Motor Group, the world’s third-largest automaker by sales, ranked as the top South Korean exporters in the one-year ...

Korean shipbuilders slide to 2nd place after China in November orders

South Korean shipbuilders slid to second place in new shipbuilding orders last month, yielding the top spot back to their Chinese rivals.According t...