S.Korean firms with focus on emerging Asia to shine

South Korean companies with a large proportion of sales to emerging Asia are expected to shine in the stock market this year as their revenue from t...

US calls on 2 S.Korean pharmaceutical companies for swift end to legal battle

Following its lawsuit against Daewoong Pharmaceutical, South Korea's Medytox Inc. is waging an all-out legal war against domestic counterpart Hugel ...

KT CEO Ku Hyeon-mo drops reelection bid as controversy flares

KT Corp. Chief Executive Ku Hyeon-mo has abandoned his ambitious bid to lead South Korea’s largest telecommunications company for another thre...

Hyundai Motor Group's 23 vehicle models win Editor's Choice Awards

Hyundai Motor Group made an announcement on Thursday, saying that its major vehicles had been selected as the best models at the 2023 Editor's Choic...

BOK holds rates as it lowers growth, inflation forecasts

South Korea’s central bank held its policy interest rate unchanged on Thursday as it slashed forecasts for economic growth and inflation altho...

Samsung opens 5G pilot network to 4th largest mobile carrier in US

Samsung Electronics Co. announced on Thursday that it has successfully completed the opening of a 5th-generation mobile communications (5G) pilot ne...

Samsung’s old textile mill transformed into idea accelerating lab

Samsung Electronics Co. has opened its first regional C-Lab Outside campus in Daegu – where its founder Lee Byung-chull started his first busi...

S.Korean investors eye VC, growth equity in tech: Adams Street

Many investors are questioning whether private markets will stay bullish amid uncertainty in 2023. The markets will continue to generate interesting...

POSCO Steeleon’s eco-friendly steel plate gets US certification

POSCO Steeleon Co., a South Korean steelmaker and a unit of POSCO Group, said on Wednesday that its biomass color steel plate has been certified as ...

Doosan Enerbility promotes technology at world's largest energy exhibition

Major South Korean power plant builder Doosan Enerbility Co. announced on Wednesday that it has started promoting its nuclear power and gas turbine ...

Smaller firms' successful IPOs fail to boost Korean listing market

South Korean companies are returning to the local initial public offering market this year, after failing their market debuts last year. But that ha...

HD Hyundai expands online communication channels

HD Hyundai Co., formerly known as Hyundai Heavy Industries Group, has announced its intention to enhance its online communication channels to better...

Ssangyong E&C completes construction of Dubai's Atlantis The Royal

Ssangyong Engineering & Construction announced on Tuesday the successful completion of "Atlantis The Royal," an ultra-luxury hotel in Dubai, the...

Lessons from Korean Air’s botched mileage program reform

Korean Air Lines Co. has suspended a plan to revamp its mileage program after it drew harsh criticism from both its customers and government officia...

Samsung, LG ditch BOE in likely Apple deal for iPad Pro OLED panels

Samsung Display Co. and LG Display Co. will likely win orders from Apple Inc. to build organic light-emitting diode (OLED) displays for the US tech ...

SK On resumes Ford F-150 Lightning battery production line

SK On Co., the world’s fifth-largest battery maker, on Monday resumed operations of the cell production line for Ford Motor Co.’s electr...

CJ Investment fosters Korean startups to discover new growth engines

CJ Investment, the corporate venture capital arm of CJ Corp., announced on Tuesday its plans to foster promising South Korean startups in order to d...

BOK sees interest rate as tight amid continued drop in exports

South Korea’s central bank said on Tuesday it regards the current interest rate as tight, suggesting the monetary authority may hold the polic...

Patty-cooking robotics startup Aniai completes seed funding

Aniai Inc., a foodservice robotics developer founded by a South Korean, said on Feb. 21 it has attracted $3 million via a seed funding round to boos...

Kyochon sets sights on Western expansion with Canadian franchise deal

Kyochon F&B, the operator of South Korea's premier fried chicken brand Kyochon Chicken, said on Tuesday that it has secured a master franchise a...

Samsung eyes wider foundry client base with Ambarella deal

Samsung Electronics Co., the world’s largest memory chipmaker, said on Tuesday it will manufacture automotive chips for US chip designer Ambar...

LG Uplus to provide infotainment service for Toyota's RAV4 PHEV

South Korean mobile telecom carrier LG Uplus Corp. has announced on Tuesday its plans to install its integrated infotainment (IVI) platform, the Upl...

KT succeeds in developing core equipment for 5G-specialized networks

KT Corp., a South Korean telecom service operator, has successfully developed equipment that embodies the core technology of 5G-specialized networks...

Will CATL’s bargain sales hurt Korean EV battery makers?

China’s Contemporary Amperex Technology Co. (CATL), the leading global electric vehicle battery manufacturer, has started a price war in the w...

Hyundai Dream Tour partners with Air France-KLM for eco-friendly fuel

On Monday, Hyundai Dream Tour, a travel company affiliated with Hyundai Department Store Group, announced a partnership with Air France-KLM to promo...

Lexus, Volvo: Koreans' top picks among foreign brands in after-sales service

Lexus, the premium brand of Japanese carmaker Toyota Corp., offers the best after-sales service among imported cars in South Korea, followed by Swed...

Koreans’ voracious appetite for pork belly extends to Canadian pork market

As South Korea prepares for Samgyeopsal Day, or Pork Belly Day, on March 3, the country has further upped pork imports from Canada – this afte...

Brazil approves Celltrion Pharm’s syringe facility

Celltrion Pharm Inc., a South Korean biopharmaceutical company, said on Monday it received certification from Brazil’s health regulator for it...

LG Elec wins best eco-friendly washing machine title in US

Consumer Reports, a prominent consumer magazine in the US, has named LG Electronics Inc.'s washing machines as the "best eco-friendly washing machin...

EU launches antitrust probe on Korean Air-Asiana deal

The European antitrust regulator opened a full-scale probe on the proposed takeover of Asiana Airlines Inc. by Korean Air Lines Co., given concerns ...