Nongshim to build export-only ramen factory in Korea

South Korea’s instant noodle giant Nongshim Co. will build a local plant dedicated to producing ramen — or ramyun, as the company spells...

Korea Shopping Festa in Vietnam records $12.9 mn in export consultations

The Korean Ministry of SMEs and Startups said on Friday that the "2024 Korea Shopping Festa with Lotte" export consultation event, held in collabo...

KT&G to sell Korean office tower to Pebblestone for $90 mn

KT&G Corp., the world’s fifth-largest tobacco maker, is set to sell an office tower in South Korea to a local asset manager for an estimat...

HiteJinro to boost soju marketing in UK

South Korea’s leading soju maker HiteJinro Co. said on Friday that it's boosting soju marketing in the UK. From August 16 to 25, HiteJinr...

Lotte to hold Korea Shopping Festa in Vietnam

South Korea's Lotte Group holds "2024 Korea Shopping Festa with Lotte" in Hanoi, Vietnam. The group and the Korean Ministry of SMEs and Startup...

S.Korean companies fret over Scope 3 disclosure rule

Businesses in South Korea, Asia’s No. 4 economy, are voicing concerns about the government’s plan to mandate companies to disclose their...

One Store vows to crack Apple, Google-led app market with localization

One Store Co., South Korea’s homegrown app marketplace, will take on Apple Inc. and Google LLC in the global app market by offering tailored s...

APR, TJX to co-work for Medicube products sale in N.Amerca

South Korea's cosmetic and clothing company APR said on Wednesday it signed a supply contract with TJX Companies, the North America-based global ret...

NCSOFT to seek recovery momentum with open-world game

South Korea’s gaming giant NCSOFT Corp. is set to develop an open-world massively multiplayer online role-playing game (MMORPG) while launchin...

Hyundai Motor releases 2025 Santa Fe

Hyundai Motor Co. said on Tuesday that it released the 2025 Santa Fe, a model year change of its flagship midsize sports utility vehicle (SUV) The A...

S.Korea's Asicland establishes Taiwan subsidiary

Asicland Co., South Korea's only design house contracted by TSMC, said on Monday that it launched a local subsidiary in Hsinchu, Taiwan.The Taiwan...

HD KSOE buys Finnish fuel cell maker Convion for $81 mn

HD Hydrogen, a unit of HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), has acquired Convion Ltd, a Finnish hydrogen fuel cell maker,...

IMM consortium picked as preferred bidder for Ecorbit

A consortium of IMM Private Equity and IMM Investment has moved a step closer to owning South Korea’s No. 1 landfill company Ecorbit Co. after...

Korea’s Husteel enjoys surging Saudi Steel Pipe stock prices

South Korean Husteel Co.'s long-term investments in Saudi Steel Pipe Co. are paying off as its share price surges on the back of deals with the king...

Hanjin to provide logistics services for S.Korean SMEs in Vietnam

South Korea's Hanjin Transportation, a logistics unit of Hanjin Group, signed a memorandum of understanding (MOU) with the Small Enterprise and Mark...

Lotte Energy to supply copper foil to Samsung SDI-Stellantis JV

Samsung SDI Co., South Korea’s third-largest battery maker by battery usage, has picked Lotte Energy Materials Corp. as the exclusive supplier...

Hyundai IONIQ 5 N named Car and Driver's 2024 top EV

South Korea's Hyundai Motor Co. said on Sunday that its high-performance electric vehicle (EV) the IONIQ 5 N was selected as Car and Driver's presti...

Korean IT giants drop fandom platforms, help HYBE dominate

South Korean game developer Neowiz has sold its fan engagement platform unit, joining the moves by local IT giants such as Naver Corp. to pull out o...

Liner ranks 9th in generative AI services selected by a16z

South Korea's generative AI startup Liner said on Friday that its search service ranked 9th in the web services category of the Top-100 Gen AI Consu...

Lotte Fine Chemical, JEFA to collaborate on clean ammonia value chain

Lotte Fine Chemical Co., a subsidiary of South Korea's Lotte Chemical Corp., said on Friday that it signed a Clean Ammonia Value Chain Agreement (JC...

Hanwha completes Australia plant for howitzers, armored vehicles

South Korea’s Hanwha Aerospace Co. has completed building its first overseas plant — producing howitzers and ammunition carriers in Aust...

Hanwha Systems, Airbus to jointly develop space solar cells

Flexell Space, South Korea's Hanwha Systems Co.'s in-house venture, said on Thursday that it signed a letter of intent (LOI) with Germany's Airbus D...

Samsung tops S.Korean smartphone market with 76% share

In the second quarter of this year,  the market share of Samsung Electronics Co. in the South Korean smartphone market slightly increased, whil...

Enormous market ahead for Hopae, S.Korean DID pioneer

To Hopae Inc., a digital identity solution-developing startup native to South Korea, its home market is small. After successfully accommodating more...

SY Lee: A Korean startup creator who fetched $80 mn for Story Protocol

Seung Yoon Lee, a South Korean startup creator, was in his early 20s when he co-founded Radish Fiction Inc., a US-based mobile fiction platform, in ...

Hyundai Motor, Kia gets A- credit rating from S&P Global

Hyundai Motor Co. and Kia Corp. said on Thursday that S&P Global upgraded their credit ratings from BBB+ to A-, with a Stable outlook for both c...

STIC to buy Korean flooring firm Nox from TPG for $336 mn

Seoul-based private equity firm STIC Investments has agreed to acquire global leading luxury vinyl tile (LVT) flooring firm Nox Corp. at 450 billion...

Stock-rich KCC's shareholdings exceed its market cap

KCC Corp., a paint and glass maker but better known as a white knight for South Korean conglomerates, holds more than 4 trillion won ($3 billion) wo...

EV firefighting startup Lee Mobility gets seed round

South Korean startup Lee Mobility announced on Tuesday that it got a seed round investment from Bluepoint Partners, a domestic early-stage venture c...

Hansae Yes24 moves closer to acquiring GM supplier Erae AMS

Hansae Yes24 Holdings Co., the holding company of South Korea’s leading apparel original equipment manufacturer (OEM) Hansae Co., has moved a ...