LG Group publishes 2023 ESG Report

LG Group announced on Thursday that it has published the "2023 ESG Report," detailing its sustainability management achievements in 2023 and its fut...

SK Telecom partners with Perplexity to level up conversational search

South Korea's largest telecom company SK Telecom Co. will enhance its conversational search services through a partnership with US AI search startup...

Samsung, SK Hynix up the ante on HBM to enjoy AI memory boom

TAIPEI – Samsung Electronics Co. and SK Hynix Inc., the world’s two largest memory chipmakers, are racing to supply their advanced DRAM ...

Samyang to cement lead in South Korean allulose market

Samyang Corp., a 100-year-old South Korean chemical and food ingredient-manufacturer, is poised to cement its leadership in the Korean allulose mark...

Hudson AI dreams of a world without language barriers  

South Korean startup Hudson AI is striving to break language barriers with its artificial intelligence-powered voice dubbing technology, enabling gl...

LVMH, OpenAI, LG deepen ties with S. Korean startups   

South Korean startups and established corporations are seeking to deepen their partnerships to ensure win-win outcomes, by tapping into funds and ot...

August inflation puts BOK under fire for delayed pivot

South Korea’s inflation moderated to the government’s target of 2.0% in August, its slowest increase in three years and five months, put...

Korean retailers ramp up fulfillment centers to hold AliExpress in check

South Korea’s leading retailers, including Coupang Inc., are ramping up their logistics capacities to counter aggressive forays into the count...

Samsung SDS AI service FabriX to launch on Microsoft Azure platform

Samsung SDS Co., the information technology service unit of Samsung Group, said on Tuesday it plans to launch its AI service FabriX on Microsoft Cor...

Suprema wins security projects in African countries

South Korea’s Suprema Inc., an artificial intelligence (AI)-based security company, said on Monday it won a contract to supply its fingerprint...

Shinsegae Int'l opens Swiss Perfection pop-up in Tokyo

Shinsegae International, the cosmetics and fashion division of South Korea's Shinsegae Group, entered Japan's ultra-luxury beauty market by promot...

Activst fund KCGI struggles to fund Hanyang Securities deal

KCGI, a South Korean private equity firm, has been struggling to raise funds for its 244.9-billion-won ($183 million) purchase of a controlling stak...

S.Korean travel retailers face downturn without Chinese big spenders

Before COVID-19 swept the world, South Korea’s top two travel retailers Lotte Duty Free and Shilla Duty Free Shop ascended to the world’...

South Koreans puzzled over rising seaweed prices despite bumper crop

Dried seaweed prices are rising at a fast pace despite handsome growth in production, leaving South Koreans puzzled over what is behind the steep pr...

Hyundai unseats Volvo as No. 1 truck brand in Korea

Hyundai Motor Co. has unseated construction truck leader Volvo in South Korea for the first time, driven by its flagship Xcient Pro model that sent ...

Naver Map sees 30% increase in foreign user base

The foreign users of Naver Map, the map service of South Korea's online platform giant Naver Corp., have a 30% increase from last year.  Naver...

OCI supplies ultrapure phosphoric acid to SK Hynix

OCI Co. has won a contract from SK Hynix Inc. to supply it high-purity phosphoric acid, becoming the country’s first to provide the core chip-...

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...

High-performance 4680 battery war is on; LG Energy takes lead over rivals

With stagnating electric vehicle sales or an EV chasm set to be prolonged, battery makers are increasingly turning their sights toward next-generati...

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...

Affinity Equity bets big on Korea's car rental market

The car rental business resembles financial services. Buying cars with borrowed money, renting them out and eventually selling them to used car de...

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...

Lotte to open shops within Singapore NTUC FairPrice outlets

Lotte Mart and Lotte Super will launch stores within the outlets of NTUC FairPrice, Singapore’s largest supermarket chain, to sell food produc...

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...

LG Electronics mulls Indian IPO, to invest in HVAC, webOS content: CEO

LG Electronics Inc., a leading South Korean home appliance maker, is considering an initial public offering of its Indian business to help achieve a...