Doosan Fuel Cell expands exports with China deal

Doosan Fuel Cell expands exports with China deal

South Korea's Doosan Fuel Cell on Monday said it has signed an export contract worth 346.9 billion won($255 million) to supply large-scale versions ...

One of 4 Korean startups considers moving business abroad

One of 4 Korean startups considers moving business abroad

One out of four startups in South Korea is considering moving its business abroad in search of looser regulation. In a survey of 256 startups b...

Vertu, Motorola, Xiaomi eye Korean smartphone market as LG exits

Vertu, Motorola, Xiaomi eye Korean smartphone market as LG exits

South Korea’s smartphone market is notoriously hard for foreign mobile phone makers to crack. So hard that some people call it the “grav...

Daol Investment seeks to sell Thai subsidiary, eyes $75 mn in proceeds

Daol Investment seeks to sell Thai subsidiary, eyes $75 mn in proceeds

South Korea’s Daol Investment & Securities Co. plans to sell a controlling stake in its Thai subsidiary, Daol Thailand PCL, as part of its...

KOGAS to sell $745 mn in hybrid securities despite jittery

KOGAS to sell $745 mn in hybrid securities despite jittery

The state-run Korea Gas Corp. is set to raise some 1 trillion won ($745 million) by issuing hybrid securities to lower its debt ratio although the d...

Korean startup CEOs’ ethical scandals emerge as major risk factor

Korean startup CEOs’ ethical scandals emerge as major risk factor

Several South Korean startups have recently been hit hard by their CEOs’ unethical behavior and business-related misconduct, leading to a lo...

SK On, Korean colleges to conduct R&D of next-generation batteries

SK On, Korean colleges to conduct R&D of next-generation batteries

South Korean battery maker SK On has raised its research and development (R&D) capacity in next-generation cells by joining forces with the dome...

BKT thrives as lone Korean wastewater treatment provider in US

BKT thrives as lone Korean wastewater treatment provider in US

South Korean water treatment provider Bukang Tech(BKT) on Wednesday said it earned a contract to build a wastewater treatment facility in the US sta...

BTS Jin's solo debut album sells over 1 mn copies in 16 days

BTS Jin's solo debut album sells over 1 mn copies in 16 days

"The Astronaut," the first solo album of K-pop megaband BTS member Jin, has sold over 1 million copies in the 16 days since its launch.Released on O...

South Korea's economic bodies urge revision of US Inflation Reduction Act

South Korea's economic bodies urge revision of US Inflation Reduction Act

Six leading economic organizations in South Korea have sent a joint letter to the US government and Congress requesting revision of the US Inflation...

Korean exporters suffer FX derivate losses on weak won

Korean exporters suffer FX derivate losses on weak won

More South Korean exporters suffered massive losses from foreign exchange derivatives on a weaker won, failing to benefit from the unit’s depr...

Hyundai Mobis unveils gesture-based display control tech

Hyundai Mobis unveils gesture-based display control tech

Hyundai Mobis Co., the world’s sixth-largest automotive supplier, has developed technology for the first time in the industry to allow drivers...

Samsung, LG products sweep CES 2023 innovation awards

Samsung, LG  products sweep CES 2023 innovation awards

South Korea’s two largest home appliance makers – Samsung Electronics Co. and LG Electronics Inc. – have swept a record number of ...

Kia mulls investing $754 mn in China instead of Russia

Kia mulls investing $754 mn in China instead of Russia

Kia Corp., South Korea’s second-largest carmaker, is considering an investment of $754 million, which had been set aside for Russia, in China ...

US extends antitrust review of Korean Air-Asiana merger

US extends antitrust review of Korean Air-Asiana merger

The US competition authority extended its review of the proposed merger between South Korea’s two largest airlines to check if the deal hurts ...

SK Geo Centric to build Asia's biggest advanced recycling plant with British partner

SK Geo Centric to build Asia's biggest advanced recycling plant with British partner

South Korea's SK Geo Centric, the green chemical subsidiary of SK Innovation, will build Asia's largest advanced recycling (pyrolysis) plant in the ...

Korean startup Perigee aspires to become Asia's SpaceX, MOU with PhilSA

Korean startup Perigee aspires to become Asia's SpaceX, MOU with PhilSA

Daejeon-based Perigee Aerospace Inc. has taken a number of steps with the aim of becoming the next Space Exploration Technologies Corp. (SpaceX), th...

GS Caltex to enter carbon capture, utilization and storage sector

GS Caltex to enter carbon capture, utilization and storage sector

South Korea's oil refining and energy giant GS Caltex has teamed up with leading domestic companies in their respective fields to enter the carbon c...

UK regulator flags concerns over Korean Air-Asiana merger

UK regulator flags concerns over Korean Air-Asiana merger

The British antitrust watchdog raised concerns over the impact on competition of the proposed merger between South Korea’s two largest carrier...

Saudi crown prince to meet Korean business leaders in Seoul

Saudi crown prince to meet Korean business leaders in Seoul

Saudi Arabia’s crown prince Mohammed bin Salman is known to be planning meetings with leaders of major South Korean conglomerates, including S...

South Korean burger franchise Lotteria looks to the US for expansion

South Korean burger franchise Lotteria looks to the US for expansion

South Korea’s fast food franchise Lotteria is planning to enter the United States, home to the world’s best-known burger franchises.&nbs...

NCSOFT unveils trailer of new shooting game LLL

NCSOFT unveils trailer of new shooting game LLL

NCSOFT Corp. on Monday unveiled the gameplay trailer for LLL, its new shooting game for PCs and consoles to be released worldwide in 2024, for the f...

LG Elec to launch total care service for home appliances

LG Elec to launch total care service for home appliances

LG Electronics Inc., the world’s top home appliance maker, is launching a total care service for products in South Korea to enhance after-sale...

Pulmuone to double pasta production in China by expanding plant

Pulmuone to double pasta production in China by expanding plant

South Korea's food giant Pulmuone on Monday said it will boost production of pasta-based convenience food in China by expanding its first plant in P...

SK Nexilis develops copper foil for cylindrical batteries

SK Nexilis develops copper foil for cylindrical batteries

South Korea's SK Nexilis, a maker of copper foil for secondary cells under SKC Inc., has achieved a world first with its development of a highly elo...

Sale of Korean dental scanner maker Medit fails

Sale of Korean dental scanner maker Medit fails

The sale of South Korea's dental scanner manufacturer Medit will undergo a reset as the preferred bidder, a consortium led by GS Holdings and the US...

CJ CheilJedang builds up future food materials business

CJ CheilJedang builds up future food materials business

CJ CheilJedang, following an organizational reshuffle, will focus on the development of future food such as food ingredients and alternative protein...

Hyundai partners with Indonesia firm for stable aluminum supply

Hyundai partners with Indonesia firm for stable aluminum supply

Hyundai Motor Co., South Korea’s top automaker, joined hands with an Indonesian miner to secure a stable aluminum supply as demand for the raw...

LG Elec to bet on healthcare, mobility, metaverse in N.America

LG Elec to bet on healthcare, mobility, metaverse in N.America

LG Electronics Inc., the global top home appliance maker, will bet on the healthcare, mobility and metaverse sectors in North America through invest...

Korean firms at risk of credit rating downgrade on Legoland woes

Korean firms at risk of credit rating downgrade on Legoland woes

South Korean companies are at risk of credit rating downgrades as the fallout of a debt default by the domestic developer of a Legoland theme park r...

Samsung Heavy Industries clinches $635 mn preliminary FLNG deal with African shipowner Gochujang, fiery seasonings: K-sauces go viral among adventurous foreign palates HD Hyundai, India’s Cochin Shipyard to pursue joint shipbuilding orders SK Innovation to restore Vietnam’s mangrove forests in ESG initiative LG Electronics' Q2 profit halves as US tariffs bite