Tesla Model Y reclaims spot as Koreans' favorite foreign car in September

The Tesla Model Y reclaimed the top spot on the best-selling imported car list in South Korea last month for the first time since September 2022. Th...

SK Networks completes acquisition of en-core

South Korean trading firm SK Networks Co. announced on Friday that it has completed the acquisition process of en-core, a leading data solutions and...

Ildong Pharma to spin off R&D subsidiary in Nov

South Korea’s Ildong Pharmaceutical Co. will spin off its research and development (R&D) unit into the subsidiary Yunovia from Nov. 1.&nbs...

Hyundai Motor, Kia to adopt Tesla’s charging standard for EVs

Hyundai Motor Co. and Kia Corp. have joined Tesla's Supercharger network for electric vehicles (EV).The North American branches of the two South Kor...

Korean bond market squeezed by maturing debt, new issues

South Korea’s corporate bond market is saddled with a massive amount of debt due later this year and a surge in banks' new bond issues, amid h...

BMW premieres new 5 Series in Korea, the model’s top market

German carmaker BMW Group on Thursday premiered its latest 5 Series premium sedan in South Korea, an indication of the growing importance of the Asi...

S.Korea’s corporate R&D spending lags global rivals

Major South Korean companies’ spending on research and development lags investments made by their global competitors due to lower government t...

Korean banks go digital in Southeast Asia for non-interest gains

South Korea’s top four banks are strengthening their overseas operations, particularly in the digital banking business, to increase their non-...

Daedong wins $52 mn engine order from Doosan Bobcat

South Korea’s No. 1 agricultural machinery maker Daedong Corp. will supply multicylinder diesel engines to Doosan Bobcat Inc. for five years, ...

SK C&C invests in US startup Glassdome

South Korea's SK C&C announced on Thursday that it has made a new investment in Glassdome, a US carbon emission management solution startup.&nbs...

Creator of Baby Shark, Pinkfong to launch music variety show

The lovable children’s characters Pinkfong and Baby Shark will soon star in a music variety show for their legions of global fans.The Pinkfong...

Samsung Engineering partners with global firms for CCUS

South Korea's Samsung Engineering is ramping up its strategies in the carbon capture, utilization, and storage (CCUS) arena by securing partnerships...

LG Energy Solution to supply EV batteries to Toyota for 10 years

LG Energy Solution Ltd. will supply 20 gigawatt hours (GWh) worth of batteries for electric vehicles of the world’s No. 1 car seller Toyota Mo...

Pulmuone, BlueNalu team up for cell-cultured seafood

South Korean food company Pulmuone revealed plans on Thursday to boost its strategic partnership with US-based seafood startup BlueNalu, focusing on...

Hanwha bets big on robots with Hanwha Robotics' official launch

South Korea’s seventh-largest conglomerate Hanwha Group has joined a race to win the burgeoning robot market, with the official launch of Hanw...

Naver's Kream integrates with Japan's Soda

Naver Corp.'s subsidiary Kream, the South Korean limited-edition goods trading platform has decided to merge its operations with Japan's Soda Inc., ...

Lotte Chilsung secures majority stake in Pepsi Philippines

Lotte Chilsung Beverage Co., a household name in South Korea’s soft drink market, said on Wednesday it has secured management rights of Pepsi-...

CJ CheilJedang, T&R Biofab team up for alternative meat

South Korean food and bio giant CJ CheilJedang Corp. is harnessing advanced innovative technology to secure sustainable future food resources. The c...

Samsung Electronics bags AI chiplet foundry order from Tenstorrent

Canadian chip-designing unicorn Tenstorrent Inc. has become a new foundry customer of Samsung Electronics Co., the world’s second-biggest foun...

SK On named to Fortune’s Change the World list

South Korea’s electric vehicle (EV) battery maker SK On is among innovative companies that have changed the world according to Fortune, a le...

POSCO Int’l to build permanent magnet factory in US with Star Group

South Korea’s steel giant POSCO Holdings Inc. is expediting its push to expand its presence in the electric vehicle supply chain, one of seven...

Samsung to launch cloud gaming service for Galaxy users

Samsung Electronics Co., the world’s top smartphone maker, is set to unveil a cloud gaming service for mobile devices as it seeks new profit s...

Korean Sept export drop eases as chip sales hit 1-year high

South Korea’s exports slowed their decline in September to their mildest drop amid a yearlong downturn, raising hopes for a recovery in Asia&r...

Korean language demand creates new overseas markets for startups

South Korean language startups are expanding their business in overseas markets with their local tongue through generative artificial intelligence, ...

Samyang to make EV part from recycled fishing nets

South Korean chemical and food company Samyang Corp. has begun developing eco-friendly and lightweight parts for electric vehicles (EV) by expanding...

Korean lab-grown diamond maker KDT to build plant in India

South Korea’s sole lab-grown diamond producer KDT Diamond Co. will build its first overseas production facility in India by early next year to...

Samsung Eng. wins $19.5 mn Saudi petrochemical plant design contract

South Korea's Samsung Engineering has secured a front end engineering design (FEED) project for a PDH·PP·UTOS Plant in Saudi Arabia, m...

Korean Hana ties up with Saudi EXIM Bank for Middle East biz

Hana Financial Group, South Korea’s third-largest financial holding company, joined hands with the Saudi Export-Import Bank to expand its mark...

HD Hyundai Oilbank changing into eco-friendly energy entity

South Korea's HD Hyundai Oilbank is transforming from a petroleum and oil refinery company into an eco-friendly energy entity through diversificatio...

LG Uplus invests $7.4 mn in S.Korean edu-tech startup

South Korea’s No. 3 wireless carrier LG Uplus Corp. on Tuesday said it will make an equity investment of some 10 billion won ($7.4 million) in...