Hyundai Motor Co. to ship 27 hydrogen Xcient trucks to 7 firms in Germany

Hyundai Motor Co. is poised to ship 27 of its Xcient Fuel Cell hydrogen trucks to seven German companies by the year’s end, following a simila...

Korean EV, battery makers to benefit from US inflation bill

South Korea’s electric vehicle and battery makers are expected to benefit from the Inflation Reduction Act of 2022, the US bill designed to br...

APR Corp. generates $199 mn in revenue with advanced tech, branding

APR Corp. is a South Korean startup less than a decade old, which develops and manufactures skin care products and athleisure clothing. While t...

Samsung Elec. plans unmanned factories on manpower shortage

Samsung Electronics Co., the world’s top memory chipmaker, is seeking unmanned factories in a move that other major South Korean manufacturers...

Korea’s Big Three shipbuilders in red despite growing order backlog

South Korea’s three major shipbuilders remain in the red despite hefty new ship orders so far this year, led by high-priced vessels such as li...

Hyundai Motor to buy Korean self-driving startup 42dot

South Korea’s top carmaker Hyundai Motor Group is set to purchase autonomous driving startup 42dot, intensifying the automaker’s competi...

S.Korean startup Time Percent gives power to digital asset investors 

South Korean startup Time Percent Corp. was founded a year ago with the specific goal of giving power to the investors of digital assets, rather tha...

China's lockdown slams Korean beauty giants' Q2 earnings

South Korea’s two major cosmetics firms, Amorepacific Corp. and LG H&H Co., posted their second-quarter earnings heavily impacted by Chi...

Vale, two Korean firms to sell JV to ArcelorMittal at a loss

Brazilian mining giant Vale SA and two South Korean steelmakers are selling their joint venture in Brazil at less than half their investment in six ...

Zigbang completes Samsung SDS home IoT takeover

Zigbang, a South Korean proptech startup that provides real estate search and transaction services, has completed the acquisition of Samsung SDS Co....

S.Korean defense firms receive $15 bn order from Poland

South Korea’s defense makers, namely Hyundai Rotem Co., Korea Aerospace Industries Ltd. (KAI), and Hanwha Defense Corp., clinched export dea...

Korean homegrown OTT platform Watcha up for sale

South Korea’s over-the-top (OTT) platform Watcha Inc. is in talks with some companies to sell off its shares, according to investment banking ...

Korean firms rush to sell real estate to raise cash

South Korean companies are selling real estate and subsidiaries to raise cash as accelerating inflation, rising interest rates and the soft won all ...

Soaring renewable energy costs haunt top Korean firms

Major South Korean conglomerates are stepping up efforts to switch to renewable energy, driving their electricity costs sharply higher amid low supp...

S.Korean defense stocks boosted by $7.6 bn deal with Poland

South Korean defense stocks got a boost from a 10 trillion-won ($7.6 billion) export deal with Poland announced last week. Korea Aerospa...

Korean smartphone parts makers' stocks rebound in July

South Korea’s smartphone parts makers' shares are showing signs of a rebound following a steady decline since early this year. China’s s...

Korean Air, its white knight Naver close ranks in digital partnership

South Korea’s national flag carrier Korean Air Lines Co. and online platform giant Naver Corp. are expanding their business cooperation in dig...

Shinsegae to launch wholly owned US subsidiary on alternative meat

Shinsegae Food Inc. announced Thursday it will launch its US subsidiary focused on alternative meat. The food arm of Shinsegae Inc. will inject...

SK, Naver to launch cloud services for Korean public institutions

South Korea’s leading cloud computing and software services providers are slated to join forces to launch a service for smart working in Korea...

POSCO Holdings Q2 profit down on higher raw material costs

POSCO Holdings Inc., the holding company of South Korea’s steel giant, reported a lower profit in the second quarter on rising raw material pr...

Aramco-backed Hyundai Oilbank drops IPO on market downturn

Hyundai Oilbank Co., a South Korean refiner backed by Saudi Aramco, withdrew its plan for an initial public offering as local stock markets tumbled,...

Louis Vuitton chairman to meet with heads of S.Korean department stores

The chairman and chief executive of French luxury label Louis Vuitton is scheduled to visit South Korea next week and meet with the heads of three m...

Korean DL E&C to enter SMR biz with Canada’s Terrestrial

South Korea’s construction company DL E&C Co. is set to make inroads into the small modular reactor (SMR) business for future growth ...

DigitalBridge names Korean Tae Ahn as Asia capital formation head

DigitalBridge Group Inc., a US digital infrastructure investment firm, announced on July 19 it has appointed South Korean Tae E. Ahn as managing d...

SK Square makes its first exit seeking new target firms

South Korean investment firm SK Square Co. has sold all of its shares in Korean biotech NanoEntek Inc., a 28.4% stake, for 58 billion won ($44.3 mil...

Naver Zepeto targets Middle East for global expansion

Naver Z Corp., the operator of Asia’s largest metaverse platform Zepeto, is set to accelerate its global expansion through localization, mainl...

South Korean firms roll out AI chatbots that tug at the heartstrings

If you are using artificial intelligence-powered chatbot services in South Korea, you may soon be receiving messages like this: “Would you lik...

Korean LPG firm E1 starts hydrogen fueling business

South Korea’s major liquefied petroleum gas (LPG) distributor E1 Corp. made inroads into the hydrogen industry by setting up the eco-friendly ...

SK E&S to invest $25 mn in turquoise hydrogen firm Monolith

SK E&S Co., the natural gas business unit of South Korea’s SK Group, said on Monday it is set to invest $25 million in US turquoise hydrog...

Korean exporters anxious ahead of EU's supply chain law

The majority of South Korea’s small and medium-sized exporters are concerned about a possible cancellation of orders or difficulty in winning ...