Grandeur regains Korean sedan crown after two-year hiatus

Hyundai Motor Co.'s Grandeur mid-to-large-sized sedan is poised to reclaim its crown as the best-selling Korean car in the domestic passenger car se...

Daedong partners with POSCO to build first robot for steel mills

Daedong Corp., South Korea’s leading tractor and farm machinery maker, said on Thursday it has teamed up with POSCO Holdings Inc., the parent ...

Hyundai Motor’s themes at CES 2024: Hydrogen, software

South Korea’s top automaker Hyundai Motor Co. is set to present its blueprint for a hydrogen energy ecosystem and software under the theme of ...

Korea’s troubled kimchi fridge maker Winia seeks new owner

Winia Co., South Korea’s troubled kimchi refrigerator manufacturer under court receivership, is looking for a new owner to save the company fr...

Campbell Lutyens taps ex-KIC PE chief as Korea head

Campbell Lutyens & Co. Ltd., a UK private equity advisory firm, has tapped sovereign wealth fund Korea Investment Corporation (KIC) former PE he...

POSCO named world's most competitive steelmaker

South Korea's POSCO was ranked number one as the world’s most competitive steelmakers for 14 straight years by the global steel analytics Worl...

CJ Olive Young opens pop-up at @cosme Tokyo

South Korea's health and beauty store chain CJ Olive Young announced on Thursday that it opened a pop-up store at @cosme Tokyo, Japan’s larges...

Naver to join race with EQT, Goldman Sachs for Korean SW firm

Naver Corp. is set to go up against global major private equity firms such as EQT Partners AB and Goldman Sachs Private Equity Group to acquire a So...

Boryung, HK inno.N to co-market Kanarb, K-CAB

South Korea’s pharmaceutical companies Boryung Corp. and HK inno.N announced on Wednesday that they will start co-marketing for their respec...

Korean Kakao Pay’s acquisition of US' Siebert collapses

South Korean Kakao Pay Corp.'s takeover deal of US-based Siebert Financial Corp. has failed amid the growing legal risks surrounding top executives ...

Myeong-dong cements status as super-prime real estate in Korea

A 170-square-meter plot of land in Myeong-dong, central Seoul, where South Korean beauty brand Nature Republic’s flagship store is located, ha...

Warburg Pincus’ JV to invest in Korean prime warehouses

US private equity firm Warburg Pincus LLC said on Tuesday it will establish a joint venture in South Korea via its Asia real estate fund to invest i...

Yen deposits at Korean banks surge to record $9.9 bn

Yen deposits at South Korean banks grew by the largest-ever monthly amount in November to a record $9.92 billion, central bank data show, as investo...

SK Telecom, Thales jointly strengthen 5G security

South Korea's SK Telecom Co. announced on Tuesday that it collaborated with global data security company Thales for 5G security.According to the com...

Coupang to buy luxury platform Farfetch at $500 mn

Coupang Inc., South Korea’s leading e-commerce platform, plans to acquire Farfetch Holdings, a London-based online retailer for luxury goods, ...

S.Korean drone exports quadruple from goal

South Korean drone exports surged to $1.11 million in 2023, exceeding the government's target by more than four times, fueled by strong demand for d...

Poultry processor Harim to buy Korean top sea carrier HMM for $5 bn

South Korea’s leading poultry processor Harim Group is set to acquire the country’s No. 1 sea flag carrier HMM Co. for about 6.4 trillio...

LG Display plans $1 bn rights offering for smaller OLED biz

LG Display Co., the world’s top manufacturer of large-size organic light-emitting diode (OLED) panels, said on Monday it plans to raise 1.36 t...

SUVs: Name of the game in 2023 South Korean auto market

Back in the 1970s, when simply having a car was a status symbol in South Korea, a four-door passenger sedan was the car of choice. And Hyundai Motor...

NCSOFT, Obigo to jointly develop car AI services

South Korea's major game developer and publisher NCSOFT Corp. announced on Monday that it signed a memorandum of understanding (MOU) with the domest...

GC Biopharma gets FDA approval for Alyglo

South Korea’s GC Biopharma Corp. announced on Monday that it received approval from the US Food and Drug Administration (FDA) for the immuno...

Kolon Industries to downsize industrial film business amid weak demand

Kolon Industries Inc., a South Korean chemical and textile manufacturer, is downsizing its industrial film business amid weak demand and growing com...

Korean overseas direct investment at 2 1/2-year low in Q3

South Korea’s direct investment in other countries fell for a fourth straight quarter to its smallest level in two and a half years, despite a...

MBK raises Hankook bid price, asks FSS to probe Cho's stock purchase

The sibling rivalry for control of Hankook & Company Co., the holding firm of South Korea’s largest tire maker Hankook Tire & Techno...

Fried chicken chain bhc to enter Thailand in 2024

South Korea’s No. 2 fried chicken brand bhc Group announced on Thursday that it signed a master franchise agreement with Thailand’s Me...

Doosan Robotics to expand cobot business in Europe

Doosan Robotics Inc., the robot-developing unit of South Korea’s Doosan Group, will supply collaborative robots to Amsterdam Airport Schiphol ...

SK Telecom launches AI-based phone interpreting service

South Korea’s top mobile carrier SK Telecom Co. has launched an artificial intelligence-based telephone interpreting service in real-time for ...

NCSOFT included in DJSI Asia Pacific Index

South Korea’s major game developer and publisher NCSOFT Corp. announced on Thursday that it was listed on the Dow Jones Sustainability Asia/...

Kia to unveil new PBV lineup at CES 2024

Kia Corp. announced on Thursday that it plans to participate in the world’s biggest consumer technology trade show CES. The company will ret...

Korea’s top dollar store chain Daiso buys out Japanese shareholder

South Korea’s AsungHMP Co. has bought a 34.2% stake in Asungdaiso Corp., which operates the country’s top dollar store chain Daiso, from...