Orion boosts presence in India's $15 bn confectionery market
South Korea-based confectionery Orion Corp. has set up a plant in India, the second-most populous country in the world, to respond quickly to local ...
Daesang marks Indonesia as hub for Middle East expansion
South Korea-based Daesang Corp. plans to beef up investment in Indonesia as part of its strategy to foster future growth drivers and to tap into the...
Korea’s EV battery trio controls half of global market ex-China
South Korea’s LG Energy Solution Ltd. and two other major domestic electric vehicle battery makers have grown significantly, controlling more ...
Korean game firms target global market with IP portfolio
The growth of South Korea's game industry this year is likely to be led by new titles created by cashing in on the intellectual property of popular ...
Amorepacific, Shopee ink partnership for Southeast Asian market
Amorepacific Corp., the South Korean beauty giant, has signed a partnership agreement with Shopee, a Singaporean e-commerce platform, to expand it...
Korean stock markets set for record-high IPOs in 2021
Initial public offerings in South Korea are expected to top 20 trillion won ($18 billion) in value this year, the largest amount for a single year i...
Global folding screen market to explode as Samsung set to supply to China
Samsung Display Co., a leading South Korean display panel maker, will supply foldable displays to select smartphone makers in China amid industry fo...
Hyundai says not in talks with Apple over self-driving cars
Hyundai Motor Group said on Monday it is not engaged in talks with Apple Inc. over the development of an autonomous electric vehicle, throwing cold ...
Mando acquires JV to boost footing in autonomous vehicle industry
South Korea-based Mando Corp. is set to acquire electronic auto parts maker Mando-Hella Electronics Corp. in a deal valued at 165 billion won ($148 ...
Kia shares jump on $3.6 bn Apple Car project news
Shares in Kia Corp. and South Korean automotive parts makers rose sharply on Wednesday, following a news report that Apple Inc. will make an initial...
Kia aims to become purpose-built vehicle market leader: CEO
Kia Corp. recently dropped Motors from its name and changed the design and color of the logo that had represented the Korean automaker globally for ...
Startups spice up Korean food export market
South Korean startups are at the forefront of the Korean food export boom as they boost global awareness of popular dishes such as spicy fermented c...
Korea’s top online flea market set to raise $180 mn in funding
Danggeun Market Inc., South Korea’s largest online flea market operator, is poised to raise up to 200 billion won ($180 million) in fresh fund...
Naver, Big Hit, YG join forces to conquer K-pop fan community market
The K-pop fan community scene is set to heat up even further as South Korea platform giant Naver Corp. joins forces with BTS label Big Hit Entertain...
LG, Qualcomm to cooperate in 5G platforms for connected cars
LG Electronics Inc. and Qualcomm Technologies Inc. have agreed to cooperate in the development of 5G wireless platforms for next-generation connecte...
Kia delivers Q4 earnings surprise; operating profit hits all-time high
Kia Corp., South Korea’s second-largest automaker, on Wednesday posted a record quarterly operating profit on the back of strong sales of high...
Naver-invested startups line up for IPOs; market seems welcome
South Korean startups invested in by top online portal Naver Corp. are gearing up for debuts on the local bourse amid expectations of a welcome mark...
Netflix sweeps S.Korean content market
Global streaming giant Netflix Inc. has become a leading platform in South Korea, boasting around 4.1 million paid subscribers and earning over 500 ...
BOK governor warns of abrupt stock market correction; holds rate steady
South Korea’s central bank governor has warned of an abrupt stock market correction, asking investors to refrain from excessive borrowing amid...
LG Electronics, Luxoft to launch car infotainment JV in January
LG Electronics Inc. will launch a car infotainment system joint venture with Luxoft, a DXC Technology company headquartered in Switzerland, later th...
S.Korea's stock market cap tops nominal GDP for the first time
The combined value of South Korea’s main stock market, which wrapped up last year at its highest-ever closing level, topped the country’...
SUVs drive up Hyundai, Kia in US market; G80 named safest car of year
A slate of new sport utility vehicles are driving up Hyundai Motor Group's market share in the US, where its two automaking units have relied on sed...
Korea’s stock markets rise most among majors; beat S&P 500, Nasdaq gains
South Korean bourses on Wednesday wrapped up this year's trade at their highest levels of the year, rising the most among major equity markets and b...
Korea’s liquidity-driven IPO market sets slew of fresh records in 2020
As the stock markets around the globe took a wild ride amid the pandemic in 2020, ample liquidity led to plenty of fresh records in the initial publ...
Samsung overtakes TSMC as top chipmaker by market cap
Samsung Electronics Co. has reclaimed its throne as the world's largest semiconductor company, overtaking global foundry giant Taiwan Semiconductor ...
Seoul stock markets brimming with startup IPOs in Jan
Singapore-based biosimilar maker Prestige BioPharma and nine startups are set to make initial public offerings in Seoul to raise at least 640 billio...
Korea’s venture capital firms poised to grow, no bubble seen in market
Growth in South Korea’s venture capital investments has been slow relative to the pace of the country’s economic growth, creating an opp...
K-content companies set to rule 2021 stock market after breakneck growth
Once considered just one of many Asian entertainment products, Korean dramas, games, music and webtoons – collectively known as K-content &nda...
Hyundai Motor to roll out automated remote valet parking cars in 2024
Maneuvering in and out of tight parking spaces is troublesome for some drivers, men and women alike. Whatever your take on parking, Hyundai Motor Co...
POSCO aims for top spot in EV battery materials market
Electric car batteries are often dubbed as "another semiconductor" in South Korea, a reference to the importance of semiconductor chips, key drive...
