S.Korean securities downgrades GS E&C’s investment opinion
Hyundai Motor Securities downgraded its investment opinion on GS Engineering & Construction Corp. (GS E&C) from "Buy" to "Market Perform" on...
Korean military fund anchors $142 mn real estate fund
South Korea’s Military Mutual Aid Association (MMAA), a retirement savings fund for military personnel, is set to become an anchor investor in...
Hyundai, Kia dominate US Best Cars for the Money
Hyundai Motor Group announced on Friday that Hyundai Motor Co. and Kia Corp. have top seven categories in the 2024 Best Cars for the Money awards in...
Hyundai Motor signs 4-year lithium deal with Ganfeng Lithium
Hyundai Motor Group will acquire lithium hydroxide, a key raw material for electric vehicle batteries, from the world’s No. 1 supplier Ganfeng...
Korean shipbuilders tighten grip on ammonia carrier market
South Korean shipbuilders continued to win very large ammonia carrier (VLAC) orders, expanding their shares in the global eco-friendly vessel market...
Naver, Com2uS slash workforce to downsize new businesses
South Korea’s leading online platforms and gaming publishers such as Naver Corp., Com2uS Corp. and Kakao Corp. have joined global Big Tech com...
Hyundai Motor, Kia rank 4th in Europe with record 2023 sales
South Korea’s top automaker Hyundai Motor Group saw its vehicle sales in Europe rise to a fresh record high in 2023, driven by sport utility v...
Korean startup Moreh tops global large language model test
South Korean artificial intelligence tech startup Moreh Inc. said on Thursday that its large language model (LLM) topped a performance assessment by...
Hanwha bond bookbuilding 10 times oversubscribed
Hanwha Corp., the parent company of Hanwha Group, announced on Thursday that it had received orders totaling 1.49 trillion won ($1.14 billion) in it...
LG Chem sees up to 25% battery sector growth in 2024: report
South Korea’s LG Chem Ltd., the parent of the world’s second-largest electric vehicle battery maker LG Energy Solution Ltd., expects up ...
Korean cosmetics makers' profits soar as niche brands grow
Kolmar Korea Co. and Cosmax Inc., South Korea’s leading cosmetics suppliers to multinational conglomerates like L'Oréal S.A., are enjoy...
S.Korea’s Hyosung to expand tire cord business to India
DAVOS, Switzerland -- Hyosung Group, a South Korean textile-to-chemicals conglomerate, plans to expand its tire cord business to India, the world's ...
Celltrion to export three anticancer drugs to Europe
South Korea’s Celltrion Inc. announced on Thursday that it has secured supply contracts for three anticancer biosimilars in European countries...
LG Innotek, AOE join hands to lead vehicle, XR camera module markets
South Korea’s major camera module maker LG Innotek Co. has joined hands with AOE Optronics Co., an automotive lens-making subsidiary of Taiwan...
Korean learning platform Elice raises $14.9mn from Vertex
Elice Inc., a South Korean startup offering an all-in-one digital learning platform for teachers and corporations, will transform into an artificial...
Steel giant POSCO raises $500 mn in 3-year green bonds
POSCO raised $5 million in three-year green bond sales on Jan. 16 to invest the proceeds in domestic facilities, the largest steelmaker in South Kor...
Korean steelmakers mull anti-dumping suit vs Chinese, Japanese firms
Under growing pressure from increased imports of cheap Chinese and Japanese steel products, South Korean steelmakers are considering filing an anti-...
SK Telecom to enter AI pet diagnostic market in US
South Korea’s SK Telecom Co. announced on Wednesday that it has signed with the US-based veterinary diagnostic radiology firm Vetology to laun...
China to stop broadcast of S.Korean LoL league
China will stop the official broadcast of League of Legends (LoL) Champions Korea (LCK), according to the South Korean game industry. “There w...
Korean corporate debt sale hits snag amid Taeyoung woes
The South Korean corporate bond market is taking a direct hit from growing credit crunch concerns in the country’s construction sector trigger...
Hyundai sells Chongqing plant at $227 mn for China restructuring
Hyundai Motor Co. has sold its plant in Chongqing for $227 million as the leading South Korean carmaker continues restructuring its business to surv...
SK On signs tech transfer with Solid Power
SK On Co., a battery affiliate of South Korea's SK Group, announced on Wednesday that it has signed a technology transfer agreement with the US-ba...
SK Gas, SK D&D to venture into US ESS market with Apex
SK Gas Ltd. and SK D&D Co. will build their first-ever energy storage system (ESS) facility in the US that can power 39,000 homes daily via a jo...
Samsung, LG go head-to-head in AI components market
Samsung Electro-Mechanics Co. and LG Innotek Co., two major South Korean suppliers for Apple iPhones, are going head-to-head in the artificial intel...
Korean wind power companies foresee tailwind from Taiwan, US
South Korean wind power companies such as SK oceanplant Co., HD Hyundai Electric Co. and CS Wind Corp. are expected to get a tailwind from Taiwan&rs...
Tata Daewoo triumphs in global market with 40% export surge
South Korea's Tata Daewoo Commercial Vehicle Company (TDCV) achieved remarkable success last year by exporting 40% of its total sales, despite the g...
Korea Investment leads Mongolia Mortgage Corp.'s global bond issuance
Korea Investment & Securities Co. (KIS) announced on Tuesday its successful completion of the lead management for a $225 million global bond iss...
Samsung looks to beat Apple with AI phones
With the Galaxy S24, Samsung Electronics Co.'s new flagship smartphone series, searching for real-time information and translation on the phone will...
Daesang launches alternative sweetener brand Sweevero
South Korean food company Daesang Corp. announced on Tuesday that it is launching the integrated brand "Sweevero" for alternative sweeteners like al...
Mojave Proving Ground: Backbone of Hyundai, Kia’s success in US
CALIFORNIA CITY, Calif. – The Mojave Desert, known by locals as the "high desert," lies some 170 km northeast of Los Angeles, California. In t...
