S-Oil halts fire-hit paraxylene plant, faces revenue loss
ULSAN, South Korea -- It looks inevitable that S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., will take a substantial revenue hit from...
F&F to expand Discovery brand across Asia
F&F Co., a South Korean clothing company, said on Monday it signed an exclusive deal with Warner Bros. Discovery (WBD) to bring the outdoor bran...
Colosseum poised for next leap with global expansion drive
Colosseum Corporation Inc., a fulfillment startup based in South Korea, has set its sights on global conquest with its nationwide and international ...
Korean soju makers likely to log strong quarterly profit
HiteJinro Co., South Korea’s leading soju maker, will likely post its best-ever quarterly profit in the second quarter as the clear distilled ...
Hyundai Mobis lighting system wins triple crown of design awards
South Korea's auto parts maker Hyundai Mobis announced on Sunday that its Active Aero Lighting System (AALS) has received awards at the world's thre...
Korean shipbuilding shares surge on supercycle hope, Trump Trade
South Korea’s Big Three shipbuilders, also the world’s three largest, stand to benefit from the emerging industry supercycle and the so-...
S.Korea relinquishes control to China in smaller OLED market
LG Display Co. and Samsung Display Co. lost ground to their Chinese rivals in the global small and mid-sized organic light-emitting diode (OLED) pan...
E-Mart’s No Brand success story: A Korean snack chain goes global
When South Korean convenience store operator E-Mart Inc. launched its low-budget house label No Brand in 2015, few thought it would last long.Under ...
Hanwha Solutions to raise $1.5 bn amid mounting losses
Hanwha Solutions Corp., the flagship unit of South Korea’s chemicals-to-defense conglomerate Hanwha Group, is poised to raise as much as $1.5 ...
Kumho Tire holds Latin American dealer convention
South Korea's Kumho Tire Co. announced on Friday that it held the Kumho Dealer Convention event from July 20 to 22 in Sao Paulo, Brazil, inviting ab...
Kolmar Korea, Sensient Beauty to co-develop pigments
Kolmar Korea, a supplier to global cosmetics brands such as Estee Lauder, announced on Friday that it signed a memorandum of understanding (MOU) wit...
SK Chemicals, Kooksoondang to develop CR-PET container
South Korea's SK Chemicals Co. and South Korean traditional rice-based wine brewery Kooksoondang Co. signed a memorandum of understanding (MOU) on T...
Hanwha Ocean wins $332 mn ship order from S.Korean Navy
South Korea's Hanwha Ocean Co. announced on Thursday that it was selected as the preferred bidder for the second auxiliary oiler replenishment (AOE)...
Paldo enters S&R, Puregold in Philippines
South Korea’s food and beverage company Paldo is strengthening its competitiveness in the Philippine market.Paldo announced on Thursday that i...
Korea to build startup campuses in Seoul, Busan by 2026
South Korea will establish startup hubs in Seoul and Busan, the country’s largest port city, by the first half of 2026 to build Asia’s N...
S.Korea's refining industry sees record export of 245.3 mn barrels
South Korea's four major oil refiners—SK Energy, GS Caltex, S-Oil Corp., and HD Hyundai Oilbank—achieved a record high in petroleum pr...
Taihan Cable wins $137 mn long-term contract in US
South Korea's Taihan Cable & Solution Co. announced on Thursday that its US sales subsidiary T.E.USA has secured a long-term contract worth 190 ...
LG Display cuts vendors’ stakes, axes jobs for turnaround
LG Display Co., the world’s top manufacturer of large-size organic light-emitting diode (OLED) panels, reduced stakes in its vendors while cut...
Samsung tipped to supply HBM3 to Nvidia for Chinese market
Samsung Electronics Co. has passed Nvidia Corp.’s qualification tests for its fourth-generation high-bandwidth memory, or HBM3 chips, for use ...
Spear Korea to acquire AI medical firm Life Semantics
South Korea's aerospace materials company Spear Korea will acquire artificial intelligence (AI) medical firm Life Semantics Co. Life Semantics ...
Qoo10’s Korean units delay seller payments amid expansions
Southeast Asia-based e-commerce platform Qoo10 Pte.’s units in South Korea delayed seller payments as industry sources said the online shoppin...
LG Uplus to feature in-car games to Kia EV3
South Korea's LG Uplus Corp. said on Wednesday that it will offer its web-based in-car game service Game Portal in Kia Corp's electric vehicle (EV) ...
Lotte Tour to operate cruise to Hong Kong
South Korea's Lotte Tour Development Co. announced on Tuesday that it signed a charter agreement with global cruise line Costa Cruises to operate a ...
Hyundai Motor forms EV Charging Alliance in Indonesia
Hyundai Motor Co. announced on Monday that it established the Hyundai EV Charging Alliance with six local private charging operators at the Gaikindo...
S.Korea's Rebellions secures investment from Aramco
Rebellions Inc., a South Korean artificial intelligence chip design startup, announced on Tuesday that it secured investment from Saudi Arabia's sta...
High power bills drive Korean manufacturers out of country
South Korean manufacturers are increasingly moving abroad as the country's electricity bills are hovering about 30% higher than those of major eco...
Kakao Mobility launches overseas car rental service
South Korean mobility platform Kakao Mobility said on Monday that it launched an overseas car rental service accessible through its Kakao T app.The ...
Nongshim to build smart farm in Saudi Arabia
South Korea's food and beverage giant Nongshim Co. announced on Tuesday that it was selected as a participant in the Smart Farm Export Promotion Pro...
Doosan Enerbility’s gas turbine orders top $720 mn with KOMIPO deal
Doosan Enerbility Co., a leading South Korean power plant engineering company, said on Monday it has clinched a 580 billion won ($418 million) deal ...
Lunit to supply AI cancer diagnostics to Qatar
Lunit Inc., a South Korean cancer diagnostics AI company, announced on Monday that it will provide its AI breast cancer screening solution Lunit Ins...
