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Construction
Hyundai Engineering wins Asia Design Prize 2024
South Korea's Hyundai Engineering Co. announced on Wednesday that it won the Asia Design Prize 2024, an international design competition in Asia...
Feb 21, 2024 (Gmt+09:00)
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Pension funds
Korea's military fund, LIG Nex1, IBK to form $60 mn defense fund
South Korea’s Military Mutual Aid Association (MMAA), a retirement savings fund for military personnel, will create an 80 billion won ($60 mil...
Feb 16, 2024 (Gmt+09:00)
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Retail
S.Korea’s duty-free industry going downhill
The South Korean travel retail industry, once considered the country’s golden goose, is forced to streamline operations given no signs of a dr...
Jan 30, 2024 (Gmt+09:00)
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Travel & Leisure
Number of foreign tourists visiting Korea surpasses 11 million in 2023
The number of foreign tourists visiting Korea last year exceeded 11 million, reaching 63% of the pre-COVID level, with over 1 million arrivals month...
Jan 30, 2024 (Gmt+09:00)
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Electronics
Samsung Galaxy S24 sees record Indian pre-orders in three days
Samsung Electronics Co., the world’s No. 2 smartphone maker, said its latest flagship smartphone Galaxy S24 series enjoyed record pre-orders i...
Jan 23, 2024 (Gmt+09:00)
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Korean food
Bulgogi & ramyun top Jeju Air's in-flight menu in 2023
South Korea'st budget carrier Jeju Air Co. announced on Monday that its most popular in-flight meals and cabin cafe items in 2023 were bulgogi deopb...
Jan 15, 2024 (Gmt+09:00)
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Steel
POSCO chair, board under investigation ahead of new CEO selection
Police in Seoul have launched a probe into South Korea’s POSCO Holdings Inc. Chairman and Chief Executive Choi Jeong-woo and the company's boa...
Jan 12, 2024 (Gmt+09:00)
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Regulations
South Korea Ban Takes Dog Meat Off the Menu
SEOUL—Dog meat will no longer be allowed in South Korea, capping a decadeslong campaign against a controversial practice that many locals have...
Jan 10, 2024 (Gmt+09:00)
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Research & Development
KAIST, MIT jointly open Quantum Winter School
The Korea Advanced Institute of Science and Technology (KAIST) announced on Monday that it is partnering with the Massachusetts Institute of Techn...
Jan 08, 2024 (Gmt+09:00)
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Shareholder activism
NPS chief questions fairness in POSCO’s CEO selection process
POSCO Holdings Inc., the parent of South Korea’s largest steelmaker POSCO, has come under fire for its opaqueness in choosing a new leader a...
Dec 29, 2023 (Gmt+09:00)
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Electronics
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...
Dec 21, 2023 (Gmt+09:00)
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Steel
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...
Dec 21, 2023 (Gmt+09:00)
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Automobiles
Elantra, Tucson selected among safest cars by IIHS
Hyundai Motor Co.'s passenger car Avante (name in the US: Elantra) and compact sport utility vehicle (SUV) Tucson earned the Top Safety Pick Plus ...
Dec 19, 2023 (Gmt+09:00)
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Bio & Pharma
Celltrion’s Vegzelma listed on US PBM preferred drug list
South Korea's Celltrion Healthcare Co. announced on Tuesday that its anti-cancer biosimilar Vegzelma (active ingredient: bevacizumab) was listed as ...
Dec 12, 2023 (Gmt+09:00)
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Automobiles
Kia EV9 selected safest car in Europe
Kia EV9, the flagship large all-electric sport utility vehicle (SUV) of South Korea’s No. 2 automaker Kia Corp., received five stars in the Eu...
Dec 07, 2023 (Gmt+09:00)
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Bio & Pharma
Celltrion Healthcare's Herzuma selected as funded brand in NZ
Celltrion Healthcare Co. announced on Thursday that its biosimilar anticancer drug Herzuma (active ingredient trastuzumab) for breast and gastr...
Dec 07, 2023 (Gmt+09:00)
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Fashion
Hyungji Elite selected as official partner of FC Barcelona
South Korea’s school and corporate uniform company Hyungji Elite announced on Monday that it was selected as the official partner of FC Barc...
Dec 04, 2023 (Gmt+09:00)
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Electric vehicles
Kia EV9 sweeps European awards, sees strong US pre-orders
The Kia EV9, the flagship large all-electric sport utility vehicle of South Korea’s No. 2 automaker, is sweeping major industrial awards in Eu...
Dec 04, 2023 (Gmt+09:00)
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Bio & Pharma
Lunit selected as contractor for building medical AI platform in Singapore
South Korean medical AI company Lunit announced on Friday that it has been selected as the final contractor in the bidding for the establishment of ...
Dec 01, 2023 (Gmt+09:00)
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Construction
HD Hyundai taps RCE to go global with used heavy machinery
HD Hyundai Construction Equipment Co., the construction machinery provider under South Korean shipbuilding conglomerate HD Hyundai Group, will ventu...
Nov 29, 2023 (Gmt+09:00)
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Korean stock market
EcoPro Materials' Kospi debut draws investors for short-term gains
Shares in EcoPro Materials Co., South Korean battery materials maker EcoPro Group’s unit that went public on Nov. 17, are skyrocketing as reta...
Nov 27, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Two S.Koreans selected as members of CAE
Kinam Kim, President of the National Academy of Engineering of Korea (NAEK) and Sang Yup Lee, Vice President of NAEK were selected as foreign memb...
Nov 23, 2023 (Gmt+09:00)
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Food & Beverage
Hotel Shilla’s four restaurants selected on La Liste
South Korean leading luxury hotel and retail operator Hotel Shilla announced on Tuesday that its four restaurants were selected on the La Liste 2024...
Nov 21, 2023 (Gmt+09:00)
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Bio & Pharma
'World-class bispecific antibody technology of ABL Bio'
MADRID - "The clinical Phase 1 results of the immune-oncology candidate ABL111, developed in collaboration with ABL Bio, have been selected as the b...
Nov 13, 2023 (Gmt+09:00)
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Bio & Pharma
Doctornow signs business agreement with Spain’s Mediktor
South Korea's medical care startup Doctornow Inc. announced on Wednesday it signed a strategic business agreement with global artificial intelligenc...
Nov 08, 2023 (Gmt+09:00)
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Korean food
Brits to enjoy K-food Bibigo at home with delivery service
South Korean food giant CJ CheilJedang Corp. started the delivery service of its K-food brand Bibigo in the UK to accelerate the expansion of the As...
Nov 06, 2023 (Gmt+09:00)
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Travel & Leisure
S.Korea releases winter schedule for weekly int’l flights
South Korea will expand its number of weekly flights this winter to Japan and Southeast Asia, two regions expected to have high demand that season, ...
Oct 26, 2023 (Gmt+09:00)
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Future mobility
Pablo Air secures $15.5 mn in pre-IPO investment
Pablo Air Co. Ltd., a specialized drone control company, announced on Friday that it has attracted an investment of 21 billion won ($15.5 million) i...
Oct 20, 2023 (Gmt+09:00)
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Travel & Leisure
S.Korean airlines see 12.87 mn int’l passengers in Q3 2023
South Korean airlines’ international passenger traffic in the third quarter reached 85% of that over the same period in 2019, the year befor...
Oct 19, 2023 (Gmt+09:00)
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Automobiles
Genesis G80, Electrified G80 selected as safest cars in US
Hyundai Motor Co.'s premium brand Genesis announced on Friday that its G80 and Electrified G80 got the highest rating "Top Safety Pick+ (TSP+)" from...
Oct 13, 2023 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet