Lotte new growth engines

Hyundai Heavy Industries Group is making big steps forward to transform itself as a platform business in the global shipbuilding sector. According t...

South Korea's retail giant Shinsegae Group will invest 1 trillion won ($866 million) in local department stores this year to reinforce the busines...

KakaoBank Corp. has fallen out of the top 10 list on Kospi on Aug. 10, its third trading day, with Celltrion and Kia Corp. overtaking the company ag...

Hanwha Solutions Corp., the energy unit of chemicals-to-financial conglomerate Hanwha Group, is acquiring a 100% stake in RES Mediterranee SAS, a Fr...

South Korean music, entertainment and content firms are undergoing a major transformation in their business model. No longer is their discovery of n...

South Korea's largest car rental and auto leasing company Lotte Rental Co. is set to invest 25 billion won ($21.8 million) in a domestic autonomous ...

China's regulatory crackdown on Chinese technology and private education companies is driving up the level of volatility and creating mispricing in ...

US and European governments are pressing harder with tough regulations to expand electric vehicles (EV) adoption for cutting emission. Global automa...

Six out of 10 South Koreans believe their children will be financially worse off than their parents, marking the highest number for the country sinc...

South Korea’s incoming financial regulatory chief says his policy priority is on limiting economic and financial risks stemming from higher ho...

SK Hynix that took over Intel Corp.’s NAND memory chip business plans to set up a new company in the United States. Intel’s senior vice ...

South Korea's leading game company Nexon Co. has unveiled a massive lineup of super games in development alongside plans to expand its intellectual ...

South Korean biosimilar maker Celltrion Inc. will launch the first-phase clinical trials of its new COVID-19 treatment candidate next month, followi...

KKR & Co., IMM Private Equity and Glenwood Private Equity are among the preliminary bidders for 2 trillion won ($1.9 billion) worth of new prefe...

Hyundai Motor Group reported a near 30% rise in US sales last month, but the growth is decelerating as the world’s second-largest automobile m...

South Korea’s capital city Seoul will set up a walking route full of beauty products, services and interactive programs for visiting tourists....

South Korea-based Daewoong Pharmaceutical Co. is hoping to achieve 5 trillion won ($4.4 billion) in sales by 2027, meaning that the company aims to ...

Kolon Group’s industrial materials maker Kolon Industries Inc. saw a quarterly operating profit over 100 billion won ($87 million) for the fir...

South Korean conglomerates have been reaching out to D.CAMP, the country's largest non-profit foundation for startups, to get in touch with domestic...

Lotte Group plans to resume a $4.4 billion petrochemical project in Indonesia next year as it aims to expand the business in Southeast Asia where de...

South Korean game company Nexon’s founder Kim Jung-ju has resigned from the chief executive position at NXC Corp., the holding company of Nexo...

South Korea-based YG Entertainment Inc., the label behind popular K-pop girl group Blackpink, is pushing to sell off its profitable golf business in...

Prices of core raw materials such as lithium and cobalt for electric vehicle (EV) batteries jumped to threaten the global auto industry’s key ...

South Korea's economy reported strong growth on healthy private consumption in the second quarter, keeping expectations of an interest rate hike lat...

South Korean media company CJ ENM Co. is using Samsung Electronics Co.’s new commercial displays for a virtual production studio to spearhead ...

Samsung Electronics Co., the world’s largest TV maker, will launch the much-anticipated QD-OLED TV in the first half of next year, while expan...

South Korean house prices have risen more during the President Moon Jae-in administration than any other as the current government has focused more ...

Debate is heating up over KakaoBank Corp.’s new share value ahead of an initial public offering of the mobile banking unit of South Korea&rsqu...

Samsung Electronics Co., the world’s largest TV maker, is launching an upgraded model of The Wall, a large-size modular MicroLED display produ...

South Korea’s major companies are rushing to secure cash to fund new business. Some have sold or securitized property, while others issued n...