Coupang on track to post first-ever annual profit in 2023
South Korean e-commerce giant Coupang Inc. on Tuesday reported $87 million in operating profit in the third quarter, its third consecutive quarterly...
Korea’s exports set to snap 12-month losing streak in October
South Korea may snap its 12-month-long losing streak in exports this month after it reported an on-year gain in exports in the first 20 days of Octo...
SK C&C AI diagnostic service checks Doosan Enerbility’s plants
SK C&C, a systems integration affiliate of South Korea’s SK Group, on Thursday said it will provide diagnostic services based on generativ...
Korea delays ESG reporting rules for firms to 2026 or later
South Korea will postpone implementation of environmental, social and governance (ESG) disclosure rules for the country’s listed firms from 20...
LG CNS unveils generative AI platform for biz use
LG CNS, a South Korean information and communications technology service provider specializing in digital transformation (DX), on Thursday launched ...
From fast follower to first mover under Hyundai Motor's Chung
Hyundai Motor Group Chairman Chung Euisun emphasized “customers” as his management keyword when he took the helm of the largest automoti...
KT, BI Matrix to develop natural language processing AI
South Korea's KT Corp. is partnering with the intelligent solutions specialist company BI Matrix to develop technology that uses artificial intell...
Samsung tops US customer satisfaction in PC sector
Samsung Electronics Co. has been rated as the most satisfactory PC brand among US consumers, according to a survey by the American Customer Satisfac...
Foreign visitors' portion of Jeju Island consumption increases: report
It has been revealed that spending by foreign tourists visiting Jeju Island has significantly increased since the end of the COVID-19 pandemic.Accor...
S.Korea's golf industry market exceeds $15 bn in value: report
The value of South Korea's golf industry market last year exceeded 20 trillion won ($15 billion).A report by the Daejeon-based Yuwon Golf Foundation...
Korea’s exports down for 11th month in August but at slower pace
South Korea’s exports shrank last month for 11 consecutive months but signs of a recovery in demand for the country’s mainstay export it...
Korea's superconductor stocks plunge on Nature report
South Korean research team’s LK-99, behind the online sensation following its claim of room-temperature superconductor over the past four week...
S.Korea is far more reliant on China for rare earth metal than Japan: report
South Korea is far more dependent than Japan on neodymium permanent magnets from China at 88%, while the rate for Japan, a land devoid of rare earth...
Seven out of 10 int'l travelers choose Japan: Yanolja reports
Osaka, followed by other Japanese cities, is the top international choice for South Korean travelers, while domestically, Jeju Island remains the fa...
LG’s front-load washer selected as best by Consumer Reports
LG Electronics Inc.'s front-load washers have seized the top four spots in the US consumer review conducted by Consumer Reports, earning the title o...
LG Energy Solution converts 56% of electricity into renewable energy
South Korea’s lithium-ion battery maker LG Energy Solution Ltd. on Monday released a report containing the company’s environmental, soci...
LG Electronics reduces 220,000 tons of CO2 emissions in 2022
LG Electronics Inc. reduced its greenhouse gas emissions by 220,000 tons compared to the previous year at both domestic and overseas facilities. The...
Hanwha poised to secure Australian armored vehicle deal
Hanwha Aerospace Co. has taken a step closer to clinching an Australian armored vehicle supply contract as the government chose the South Korean def...
KKR Co-CEO Joe Bae meets NPS, KIC execs in S.Korea
KKR Co. Co-Chief Executive Joseph Bae made a visit to South Korea last week to meet with senior managers of the country’s top limited partners...
Korea chip exports to rebound in Oct; car, cell exports to stay firm
South Korea expected overseas sales of semiconductors, the country’s top export item, to rebound from October while the auto, secondary batter...
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 Mobis exceeds $770 bn in R&D investment in 2023
South Korea's car parts maker Hyundai Mobis is turning into a software-oriented mobility company by investing over 1 trillion won ($772.3 million)...
Moody’s cuts credit view on KEPCO to lowest investment grade
Moody’s on Friday cut its view on KEPCO’s credit to the lowest investment grade, a move that could lead the rating agency to downgrade t...
Korean Air-Asiana merger hits roadblock in US, Europe
The proposed merger between South Korea’s two largest airlines hit a roadblock in the West as a media outlet reported that the US government i...
1% reduction in working-age population reduces GDP by 0.59%: report
A study has revealed that a decrease in the working-age population due to low birth rates and an aging population, coupled with an increase in the d...
NKMax submits US subsidiary's securities report to SEC
The listing in the US of NKGen Biotech, the American subsidiary of South Korean developer of natural killer (NK) cell therapy NKMax Co., is coming i...
LG Elec’s home appliance selected as most reliable brand in US
South Korea's LG Electronics Inc. has been named the most reliable appliance brand by American consumers.According to Consumer Reports, a leading ...
Coupang reports third profitable quarter in a row
South Korea’s Coupang Inc. on Wednesday reported three quarters of consecutive profits, calming investors' concerns about its cumulative ...
S.Korea to see 240K drop in number of manufacturing workers by 2032
The number of workers in South Korea's manufacturing sector is expected to drop by 240,000 over the next 10 years, a report says, caused by the decl...
Celltrion drops bid to acquire Baxter’s biopharm unit
Celltrion Inc. announced on Tuesday it has decided not to pursue the acquisition of the biopharmaceutical unit of U.S. medical device maker Baxter I...
