Seoul rejects Elliott’s $20 mn claim against Samsung C&T

Elliott Investment Management Corp. has lost a case against Samsung C&T Corp. in seeking 26.7 billion won ($20.2 million) compensation in connec...

Loss-making Gmarket joins Shinsegae’s job cut spree

Gmarket Inc. will cut jobs for the first time since it was acquired by South Korea’s retail giant Shinsegae Group in 2021, joining the group&r...

Shinhan Card launches debit cards for foreign residents in S.Korea

South Korea's Shinhan Card said on Friday that it has launched two debit cards exclusively for foreign residents in the country: the SOL Global Chec...

Kia to mass-produce EVs at Hyundai Motor Group’s 1st dedicated plant

Kia Corp., an automaker of Hyundai Motor Group, is poised to start mass production of electric vehicles at the global No. 3 carmaker’s first p...

Hyundai Motor Group to develop tech to cut Chinese precursor imports

Hyundai Motor Group, the world’s third-largest carmaker, has started developing electric vehicle battery technology to cut costs and reduce th...

Netmarble acquires ISO 45001 certification

Netmarble Corp. announced on Friday that it has become the first company in the Korean game industry to obtain the ISO 45001 certification for its s...

Stray Kids to perform at 50th American Music Awards

K-Pop boy band Stray Kids will perform at the American Music Awards, a major music awards show in the United States.The American Music Awards announ...

Hyundai to develop unmanned robot for EV fire suppression

Hyundai Motor Group said on Thursday that it plans to jointly develop the unmanned firefighting robot vehicle with the South Korean National Fire Ag...

Netmarble unveils teaser video for its new game ‘The King of Fighters’

Netmarble Corp. announced on Thursday that it premiered a teaser video for its new game “The King of Fighters (KOF) AFK” at the SNK boot...

Near Brain gives hope to millions of stroke patients worldwide

Strokes are the second leading cause of death and the third leading cause of disabilities globally, according to the World Health Organization.To fi...

Korean cosmetics fly off shelves on Amazon, other e-commerce platforms

South Korean cosmetics are top picks among beauty products on Amazon.com and other global e-commerce platforms amid the growing popularity of K-beau...

MBK ups Korea Zinc bid price as management feud intensifies

North Asia-focused private equity firm MBK Partners Ltd. has raised its bid price to take control of Korea Zinc Inc. by 13.6%, increasing the cost f...

Korea Securities to expand its ultra-high net worth business

Korea Investment & Securities announced on Thursday that it has signed a memorandum of understanding (MOU) with Arceon Group to strengthen its o...

CJ Group explores Saudi Arabia's entertainment potential

CJ Group, South Korea’s food-to-entertainment giant, is exploring business opportunities in Saudi Arabia's entertainment and logistics sectors...

Hyundai partners with Samsung to enhance connected vehicle technology

South Korea’s Hyundai Motor Group has joined forces with Samsung Electronics Co. to advance connected vehicle technology utilizing the tech gi...

LG Energy Solution’s battery management business gains traction

LG Energy Solution Ltd. has kicked off a battery management total solution (BMTS) business to offer automakers more advanced and comprehensive batte...

Hyundai Glovis, BYD seek strategic alliance on car exports

Hyundai Glovis Co. has inked a memorandum of understanding with China's No. 1 electric vehicle maker BYD Co. to form a strategic alliance on car tra...

Fed’s big rate cut spurs Korean firms to issue foreign bonds

South Korean companies rushed to issue foreign currency bonds after the US Federal Reserve lowered interest rates for the first time in more than fo...

Asan Nanum Foundation to hold startup competition in November

The Asan Nanum Foundation announced on Wednesday that it will hold a demo day for “The Chung Ju-yung Startup Competition” on Nov. 7 at C...

Doosan Enerbility defies doubters about homegrown gas turbines

Doosan Enerbility Co., a leading power plant engineering company in South Korea, has defied doubters about its gas turbines, the first produced at h...

LG releases sea lion-themed animal conservation video in Times Square

LG Electronics Inc. announced on Tuesday that it has unveiled a sea lion-themed video for its “The LG Endangered Species Series” campaig...

Korea’s Hana Financial Group targets foreign customers

Hana Financial Group, South Korea’s third-largest financial holding company, is targeting foreign individual customers in the country with a d...

Samsung Display to build $1.8 billion OLED plant in Vietnam

Samsung Display Co., a leading South Korean display maker, will build a $1.8 billion organic light-emitting diode (OLED) line in Vietnam for small- ...

Samsung clinches 1st supply deal with Vodafone Idea

Samsung Electronics Co. is set to supply $720 million worth of mobile network equipment to Vodafone Idea Ltd. in a contract that marks its first sup...

Naver to set up Middle Eastern headquarters in Saudi Arabia

Naver Corp., which has been actively seeking to unlock opportunities in the Middle East with its new growth engines artificial intelligence, cloud a...

BBQ Chicken to enter Indonesian market

Genesis BBQ Group, the operator of a popular South Korean fried chicken brand, said on Monday that it signed a master franchise agreement with PT ...

LG Chem to provide cathode materials to Japan's PPES

South Korea's LG Chem Ltd. said on Sunday it will begin supplying cathode materials to Prime Planet Energy & Solutions (PPES), a battery joint v...

HD Hyundai to supply shaft generator for Middle Eastern firm

South Korea's HD Hyundai Marine Solution Co. secured a $37 million contract to supply shaft generator systems for 17 liquefied natural gas (LNG) car...

Aespa to release its new album ‘Whiplash’ in October

K-pop girl group aespa is aiming to follow up its hit song “Supernova” with a string of hits with its new album “Whiplash."Managem...

Analysts rebut Morgan Stanley’s chip winter view; oversupply unlikely

Morgan Stanley’s recent view that the global chip industry faces an imminent winter and companies like SK Hynix Inc. will suffer is exaggerate...