S.Korea-Iraq Joint Committee resumes operations after six years

A joint committee between South Korea and Iraq will be held again after a six-year hiatus.The government plans to help Korean companies win large pr...

S.Korean SMEs unprepared for Indonesia’s mandatory halal certification

South Korea's Ministry of SMEs has begun moving to help SMEs planning to export to Indonesia obtain halal certification.The SME Ombudsman said on Tu...

Innocean acquires digital marketing company D-Plan 360

Innocean, a Hyundai Motor Group-affiliated advertising agency, has acquired the Seoul-based digital marketing company D-Plan 360 to greatly rai...

Hanwha Aerospace partners with UK's Vertical Aerospace for UAM

South Korea's Hanwha Aerospace Co. announced on Tuesday that it has signed a memorandum of agreement (MOA) with Vertical Aerospace (VA), a UK compan...

LG Energy selects 10 promising global startups in battery area

South Korea's battery maker LG Energy Solution Ltd. announced on Tuesday that it will strengthen collaboration with global startups with high growth...

HD Hyundai Oilbank develops recycled plastic containers

South Korea's petroleum and refinery company HD Hyundai Oilbank Co. has jointly developed a container using recycled plastic with domestic plastic c...

CU marks first entry of S.Korean convenience store into Kazakhstan

South Korean convenience store heavyweight, CU, has announced its first foray into Central Asia, beginning with Kazakhstan. The retailer's goal is t...

LG to slim down petrochem as Chinese rivals creep up

South Korea’s LG Chem Ltd. is speeding up restructuring efforts to sell or downsize uncompetitive businesses, with an aim to focus on three gr...

Yen breaches key level vs Korean won to hit 8-year low

The Japanese yen on Monday extended losses against the South Korean won to touch an eight-year low, briefly breaching a psychological support line a...

S.Korean auditors enjoy sharp pay rise under new laws

The average salary of accountants at Big Four accounting firms in South Korea has more than doubled over the past few years, as financial regulators...

Microsoft defies media report of issues in tie with OpenAI

REDMOND, WASHINGTON – A Microsoft Corp.’s key executive defied a media report that its partnership with OpenAI, the developer of the glo...

Hyundai Motor's Genesis delivers Korean luxury to Europe

MUNICH – It is always challenging to bring a lesser-known car marque to Europe, home to well-established, globally known brands such as Merced...

S.Korea's Daesang acquires US food company Lucky Foods

Daesang Corporation, a South Korean manufacturer of food and pharmaceutical ingredients, announced on Monday that it has acquired the US food compan...

Samsung launches collaborative product with illustrator Max Dalton

Samsung Electronics Co. announced on Monday that it has unveiled a special edition of Bespoke Jet Bot AI, collaborative with illustrator Max Dalton,...

Gucci invites S.Korean artist to horsebit 70th anniversary exhibition

The Gucci horsebit loafer, one of the most iconic products of the Italian luxury brand, is celebrating its 70th anniversary. The horsebit loafer is ...

LG Chem to sell $1.6 bn stake in LG Energy to foreign investors

South Korea’s leading chemicals company LG Chem Ltd. is slated to secure about 2 trillion won ($1.6 billion) by selling a minority stake in it...

Huons’ 2% lidocaine gets approval from FDA

South Korean pharmaceutical firm, Huons Co., announced on Monday that it has secured another significant regulatory milestone in the US with the Foo...

Hyundai Glovis acquires logistics automation SW company Altiall

South Korea's leading logistics company Hyundai Glovis Co. announced on Monday that it has signed a stock purchase agreement related to the acquisit...

Hanwha Systems joins C-130H airplane modification project

Hanwha Systems Co. announced on Monday that it has been awarded a second contract by the Defense Acquisition Program Administration for the South Ko...

S.Korea's shipyards get OK from shipping companies to delay vessel delivery

South Korean shipbuilders are breathing a sigh of relief despite the postponed delivery of their container ships due to a chronic shortage of domest...

POSCO Future M cut greenhouse gases 8.6% in 2022

South Korea's chemical company POSCO Future M Co. last year lowered greenhouse gases a surprising 8.6% from 2021. Reducing its CO2 emissions despite...

Celltrion puts Takeda’s assets up for sale after 3 years

South Korea’s Celltrion Inc. has put its Japanese Takeda Pharmaceutical Co.'s primary care assets acquired in 2020 on sale as the biosimilar g...

Kia starts delivering electric SUV EV9 to customers

Kia Corp. announced on Sunday that its first large-scale electrified sport utility vehicle (SUV), the EV9, will be available for delivery to custome...

GM names Hector Villarreal as new CEO for S.Korean operations

General Motors (GM) on Friday named Hector Villarreal as the new president of GM Korea. After more than 40 years with the company, GM Korea Presiden...

Doosan to start demonstration of high-efficiency hydrogen turbine

South Korea’s Doosan Enerbility Co. is set to develop and demonstrate a high-efficiency H-class large hydrogen turbine technology utilizing pu...

Hanwha to reveal S.Korean rocket Nuri, UAM techs in Paris

South Korea’s chemicals-to-defense conglomerate Hanwha Group plans to showcase its cutting-edge technology, specifically those applied to home...

India rises as LG's cash cow under revised S.Korean tax laws

South Korea’s LG Electronics Inc. has received nearly 600 billion won ($470 million) in dividends from its overseas operations in the first qu...

DB Insurance acquires Vietnam's 9th largest insurance company

DB Insurance Co., a South Korean non-life insurance company, announced on Friday that it has signed an acquisition agreement with the Saigon-Hanoi...

Lotte Shopping to raise $785 mn from Korean banks for ESG push

Lotte Shopping Co., the retail arm of South Korea's fifth-largest conglomerate Lotte Group, will tap 1 trillion won ($784.4 million) from two of the...

S.Korea's KakaoBank to launch internet bank in Thailand

South Korea's KakaoBank Corp. has begun its advance into Southeast Asia through a tie-up with a financial company in Thailand. KakaoBank on Friday ...