S.Korea industry production posts largest increase in 30 months

S.Korea industry production posts largest increase in 30 months

South Korea's Index of All Industry Production soared at its steepest pace in 30 months in August, driven by a resurgent semiconductor manufacturing...

Korean Sept export drop eases as chip sales hit 1-year high

Korean Sept export drop eases as chip sales hit 1-year high

South Korea’s exports slowed their decline in September to their mildest drop amid a yearlong downturn, raising hopes for a recovery in Asia&r...

Samsung SDI to invest $2 bn to build 2nd US battery plant with Stellantis

Samsung SDI to invest $2 bn to build 2nd US battery plant with Stellantis

Samsung SDI Co. will inject $1.98 billion to build a second battery manufacturing plant in the US jointly with Netherlands-based automaker Stellanti...

Korean lab-grown diamond maker KDT to build plant in India

Korean lab-grown diamond maker KDT to build plant in India

South Korea’s sole lab-grown diamond producer KDT Diamond Co. will build its first overseas production facility in India by early next year to...

Samsung set to keep supremacy in low power DRAM with game changer

Samsung set to keep supremacy in low power DRAM with game changer

South Korea’s No. 1 memory chip maker Samsung Electronics Co., also the world’s top player, is set to further break away from the pack w...

EcoPro Materials to quadruple precursor output by 2027

EcoPro Materials to quadruple precursor output by 2027

South Korea's precursor manufacturer EcoPro Materials, aims to quadruple its production capacity by raising funds between 524 billion won ($390 mill...

Samsung C&T invests $11 mn in construction robot venture

Samsung C&T invests $11 mn in construction robot venture

South Korean construction and engineering company Samsung C&T Corp. has invested 15 billion won ($11.2 million) in the construction robot startu...

S.Korea's travel agencies fight for survival with customized products

S.Korea's travel agencies fight for survival with customized products

South Korea’s major travel agencies, feeling threatened by the rise of online travel agencies on the tourism market, are using their strengths...

Are virtual idols the next big thing in K-content?

Are virtual idols the next big thing in K-content?

South Korea's booming virtual idol sector, which combines K-pop content and technology, is fueling interest on the enter-tech (entertainment and tec...

NHN Commerce to collaborate with China's Shanhai Digital

NHN Commerce to collaborate with China's Shanhai Digital

NHN Commerce, South Korea's major online company NHN Corp.'s online shopping platform, announced its strategic business agreement with ShanHai Digit...

SKC plans world’s largest biodegradable plastic plant in Vietnam

SKC plans world’s largest biodegradable plastic plant in Vietnam

South Korea’s SKC Ltd., secured an investment registration certificate (IRC) to establish the world’s largest biodegradable plastics m...

S.Korea’s SK Earthon starts oil production in South China

S.Korea’s SK Earthon starts oil production in South China

SK Earthon Co., the resources development subsidiary of South Korea’s top energy company SK Innovation Co., began crude production at an oil f...

Korea logs surplus in IP trade in H1 on surge of culture, art

Korea logs surplus in IP trade in H1 on surge of culture, art

South Korea posted a surplus in its intellectual property (IP) rights trade in the first half of this year, thanks to profits on culture, art and so...

HD Hyundai to supply methanol engines to Japanese shipmaker

HD Hyundai to supply methanol engines to Japanese shipmaker

South Korea's HD Hyundai Co. is supplying its first HiMSEN engine using methanol fuel to a Japanese shipmaker. This represents an acceleration in th...

Ex-CEOs return to firms in Korea for operational stability

Ex-CEOs return to firms in Korea for operational stability

Former chief executives of South Korean firms are being recruited by their previous employers as the companies need the seasoned experience of these...

Samsung Heavy develops laser high-speed welding robot for LNG vessels

Samsung Heavy develops laser high-speed welding robot for LNG vessels

South Korea's Samsung Heavy Industries said on Thursday that it has developed the maritime sector's first laser high-speed welding robot, aimed at s...

All seven BTS members to renew contracts with HYBE

All seven BTS members to renew contracts with HYBE

All seven members of BTS are set to renew contracts with their current label HYBE Co. for the second time, allowing their fans across the world to e...

Japanese steelmakers flood South Korea on back of weaker yen

Japanese steelmakers flood South Korea on back of weaker yen

Japanese steelmakers are expanding their market shares in South Korea, backed by the yen's drop against the Korean won to the lowest in eight years....

Pharmgen Science exports neomcell products directly to Vietnam

Pharmgen Science exports neomcell products directly to Vietnam

South Korea's Pharmgen Science announced on Wednesday that it has initiated shipments for its healthcare brand "neomcell" for the first direct expor...

S.Korea's Cosmax wins halal award in Indonesia

S.Korea's Cosmax wins halal award in Indonesia

Cosmax Inc., a South Korean original development manufacturer (ODM) of global cosmetics that also does research and development in the field, has wo...

Korea’s Lotte Shopping aims to double profit, seek new biz

Korea’s Lotte Shopping aims to double profit, seek new biz

Lotte Shopping Co., South Korea’s retail giant, aims to double its profit in three years by expanding its Southeast Asian operations and cemen...

LG Energy raises $1 bn in bonds for EV battery production

LG Energy raises $1 bn in bonds for EV battery production

LG Energy Solution Ltd., the world’s second-largest battery manufacturer, said on Tuesday it has raised $1 billion by selling its first global...

Lotte Chemical launches eco-friendly material brand Ecoseed

Lotte Chemical launches eco-friendly material brand Ecoseed

South Korea's Lotte Chemical Corp. has launched its eco-friendly material brand, "Ecoseed." The company announced on Tuesday that it unveiled the Ec...

Hyundai Wia finishes EV thermal management test center

Hyundai Wia finishes EV thermal management test center

South Korea’s No. 2 automotive parts supplier Hyundai Wia Corp. on Tuesday completed construction of a thermal management test center at the c...

Samsung Biologics wins $242 mn order from Bristol Myers Squibb

Samsung Biologics wins $242 mn order from Bristol Myers Squibb

Samsung Biologics Co., the world’s largest contract drugmaker, said on Monday it has signed an agreement to produce $242 million worth of anti...

LG's refrigerator receives Int'l EPD certification

LG's refrigerator receives Int'l EPD certification

LG Electronics Inc. has announced that its high-end refrigerator, the Objet Collection, has become the first in the home appliance industry to recei...

SK Chairman Chey vows to turn Ulsan into green energy, AI hub

SK Chairman Chey vows to turn Ulsan into green energy, AI hub

Chey Tae-won, chairman of South Korea’s second-largest conglomerate SK Group, has vowed to turn the industrial city of Ulsan, where SK’s...

Samsung releases The Wall for virtual production in Europe

Samsung releases The Wall for virtual production in Europe

Samsung Electronics Co. announced on Friday that it unveiled "The Wall for Virtual Production" at IBC 2023, the world's largest trade fair for elect...

POSCO seeks partnership with CF Industries to produce blue ammonia

POSCO seeks partnership with CF Industries to produce blue ammonia

South Korea’s POSCO Holdings Inc. is seeking to produce blue ammonia in partnership with CF Industries Holdings Inc., the world’s larges...

Lotte Mart at Seoul Station redesigned to lure foreign shoppers

Lotte Mart at Seoul Station redesigned to lure foreign shoppers

South Korea’s Lotte Mart reopened its hypermarket at Seoul train station on Thursday following a four-month renovation to attract more foreign...

Hyundai premieres IONIQ 6 N: Latest motorsport DNA for electric age Organic food chain Chorocmaeul up for sale amid liquidity woes Samsung to unveil 1st triple-folding smartphone by year’s end to rival Huawei’s Mate X2 Tri-Fold IMM Credit closes $700 mn blind credit fund backed by NPS BOK chief warns household debt near tipping point, keeps rates steady