Sephora to exit S.Korean market in May

Sephora to exit S.Korean market in May

Sephora, the world's leading multi-brand beauty retailer and an affiliate of French luxury conglomerate LVMH, announced on Tuesday that it will exit...

Korea's SPC to collaborate with Pascucci to enter Italian market

Korea's SPC to collaborate with Pascucci to enter Italian market

South Korea's SPC Group announced on Tuesday that it plans to collaborate with Italian coffee chain brand Pascucci to enter the Italian market. Hu...

Korean investors’ yen savings flirt with record high

Korean investors’ yen savings flirt with record high

South Korean retail investors, hunting for bargains, have flocked to shovel in the Japanese currency hovering around its record low value in anticip...

China exodus to elevate Korea to Asia hub: AmCham chief

China exodus to elevate Korea to Asia hub: AmCham chief

South Korea has outstripped Hong Kong and Shanghai as a preferred Asia-Pacific headquarters destination for global companies, trailing only Singapor...

Renault to invest $523 mn to build green car hub in Korea

Renault to invest $523 mn to build green car hub in Korea

Renault Korea Motors Co., grappling with a protracted slump without new releases, plans to invest more than 700 billion won ($523 million) by 2027 t...

IL Science enters UK silicon lens market

IL Science enters UK silicon lens market

South Korea's IL Science Co. said on Monday that it signed a contract with the US-based automotive electronics company Polymer Optics to supply an i...

Celltrion'a autoimmune disease drug Zymfentra makes US debut

Celltrion'a autoimmune disease drug Zymfentra makes US debut

South Korean biopharmaceutical giant Celltrion Inc. said on March 17 that it has launched its new autoimmune disease treatment Zymfentra in the US m...

Korea struggles with surging copper scrap exports to China

Korea struggles with surging copper scrap exports to China

South Korea’s nonferrous metal industry is scrambling for the procurement of copper scrap as China, the world’s top copper consumer, has...

Samsung tops global soundbar market for 10th consecutive year

Samsung tops global soundbar market for 10th consecutive year

Samsung Electronics Co. has held its ground as the leader in the global soundbar market for ten consecutive years, from 2014 through 2023, according...

Upstage establishes US subsidiary in Silicon Valley

Upstage establishes US subsidiary in Silicon Valley

South Korea's artificial intelligence (AI) startup Upstage announced on Monday that it established the US corporation Upstage AI in Silicon Valley, ...

Labor reform urged in Korea with higher wages than Japan

Labor reform urged in Korea with higher wages than Japan

Wages at South Korean companies, both large and small, have surpassed those of their Japanese counterparts.According to a report on wage comparisons...

GAS Entec wins order for Indonesian offshore plant

GAS Entec wins order for Indonesian offshore plant

South Korea’s GAS Entec Co., the offshore plant design and modification form, has secured a contract to construct and operate a liquified natu...

EverCharge to install EV chargers at Oracle Park

EverCharge to install EV chargers at Oracle Park

South Korea’s SK E&S Co. announced on Sunday that its US-based electric vehicle (EV) charging subsidiary EverCharge Inc. will install hund...

Hankook Tire-sponsored Formula E São Paulo Round 4 to be held

Hankook Tire-sponsored Formula E São Paulo Round 4 to be held

The 2024 São Paulo E-PRIX, the fourth round of the 10th season of the ABB FIA Formula E World Championship, the world's premier electric vehi...

Private education spending in S.Korea hits new record high

Private education spending in S.Korea hits new record high

South Koreans’ spending on private education hit a new record high of 27.1 trillion won ($20 billion) in 2023, as the government’s annou...

Cosmax NBT targets Halal health supplement market

Cosmax NBT targets Halal health supplement market

Cosmax NBT, Inc., a health supplement original development manufacturing (ODM) affiliate of South Korea's Cosmax Group, announced on Friday that it ...

Korean Air breaks ground on Asia’s largest aircraft engine MRO cluster

Korean Air breaks ground on Asia’s largest aircraft engine MRO cluster

Korean Air Lines Co., South Korea’s No. 1 full-service carrier, said on Thursday it has begun construction of a $439 million aircraft engine m...

Korea's Shinhan, Hana accelerate overseas push after record profits

Korea's Shinhan, Hana accelerate overseas push after record profits

South Korean major banks aim to accelerate their expansions in other countries as their overseas investments paid off with record profits last year ...

Korean rental platforms become headache for PE investors

Korean rental platforms become headache for PE investors

South Korean rental platforms have become a headache for private equity firms, with their declining profits and dim business outlooks making them ha...

Samsung brings AI tech to its latest TV lineup to rival LG’s OLED TVs

Samsung brings AI tech to its latest TV lineup to rival LG’s OLED TVs

Samsung Electronics Co., the world’s largest TV maker, said on Wednesday it is bringing artificial intelligence technology to its 2024 TV line...

CJ Logistics gets IATA lithium battery transport certification

CJ Logistics gets IATA lithium battery transport certification

South Korea’s CJ Logistics said on Wednesday that it obtained the certification CEIV lithium battery, or the Center of Excellence for Independ...

Burger Please!, world’s third-most downloaded app in 2023

Burger Please!, world’s third-most downloaded app in 2023

A hyper-casual game developed by South Korea’s fledgling gaming publisher Supercent was the world’s third-most downloaded newly launched...

Hyundai L&C targets US, India with premium finishing material

Hyundai L&C targets US, India with premium finishing material

Hyundai L&C, South Korea’s Hyundai Department Store Group’s building materials unit, said on Tuesday that it will increase the propo...

SK Ecoplant, TES to enter Japan’s battery recycling market

SK Ecoplant, TES to enter Japan’s battery recycling market

SK Ecoplant Co., a South Korean construction engineering and waste management firm, said on Tuesday it is entering Japan’s battery recycling m...

LG invests $60 million in Bear Robotics as robot OS war intensifies

LG invests $60 million in Bear Robotics as robot OS war intensifies

South Korea’s high-tech giant LG Electronics Inc. said on Tuesday it has invested $60 million in Bear Robotics Inc., a Silicon Valley-based se...

Hyundai E&C, Glennmont D&D sign renewable energy PPA

Hyundai E&C, Glennmont D&D sign renewable energy PPA

Hyundai Engineering & Construction Co. (Hyundai E&C) announced on Tuesday that it signed a power purchase agreement (PPA) for solar renewabl...

Premium children's brands buck falling birth rate in Korea

Premium children's brands buck falling birth rate in Korea

Premium children's clothing and food brands have bucked the economic slowdown in a country grappling with the world’s lowest birth rate as Sou...

Korean real estate firms put up for sale amid lasting market downturn

Korean real estate firms put up for sale amid lasting market downturn

A growing number of private real estate firms are being put up for sale in South Korea amid a prolonged market downturn and increasing delinquencies...

Foreign venture funding for Korean startups picks up

Foreign venture funding for Korean startups picks up

South Korean startups raising funds from overseas venture capital firms nearly doubled in the first two months of this year from a year ago, heighte...

MBK’s Michael ByungJu Kim: Most influential in Korea’s capital market

MBK’s Michael ByungJu Kim: Most influential in Korea’s capital market

Michael ByungJu Kim, co-founder and partner of Northeast Asia-focused private equity firm MBK Partners Ltd., has been chosen as the most influential...

With waning MZ interest, is heyday over for S.Korea’s golf apparel market? LG links up with Chinese rivals for budget appliance supremacy Mercedes opens world’s 1st Maybach flagship center in Seoul Blackpink's new single Jump tops Spotify daily chart K-content goes cultural: KPop Demon Hunters sparks heritage K-goods craze