Doosan Enerbility turns around with reform, new orders

South Korea's major power plant builder Doosan Enerbility Co. has significantly improved its financial health, with its debt-to-equity ratio tumblin...

Lotte Duty Free to open downtown store in Sydney

South Korea's Lotte Duty Free Co. is slated to open a downtown store in Sydney on May 5, after Australia reopened its international borders to forei...

Korea’s new govt. aims to export 10 nuclear power plants

South Korea’s incoming administration seeks to export 10 nuclear power plants by 2030 as President-elect Yoon Suk-yeol pledged to rescind the ...

Nongshim eyes top spot in global instant noodle market

South Korea’s No. 1 noodle maker Nongshim Co. is aiming for top place in the world’s instant noodle market, looking to beat the current ...

Baring PEA to refinance two Korean lenders to recoup investment

Hong Kong-based Baring Private Equity Asia is planning to raise a total of 674 billion won ($532 million) in loans for South Korea's Acuon Capital a...

Korea's big three trading firms log record profit in Q1

South Korea’s top three general trading companies, LX International Corp., POSCO International Corp. and Samsung C&T Corp. achieved record...

Korean golf course price likely to set new record per hole

The price of a public golf course in South Korea has surged 35% in one and a half years to set the highest per-hole selling price for a Korean golf ...

CJ steps up US exports with new instant rice bowls

South Korea's food and beverage giant CJ CheilJedang Corp. on April 21 began shipment of its new Hetbahn instant rice products for US consumers from...

CJ integrates AI infrastructure and data to launch CJ AI center

CJ Corp. launched an artificial intelligence center Wednesday, which it hopes will lead the conglomerate's digital innovation. The new CJ AI Cente...

Korea’s Yoon govt to raise nuclear power to 34% of energy source

South Korea’s incoming government plans to extend the service life of eight more nuclear power plants than originally planned as President-ele...

Boryung takes 'health is wealth' to whole new level – space

South Korean biotech and pharmaceutical companies are expanding their footholds in the global space medicine market. Boryung, formerly Boryung Pharm...

LG Magna breaks ground for EV parts factory in Mexico

LG Magna e-Powertrain Co. broke ground on Tuesday for a factory to produce electric vehicle components in Mexico to meet the growing demand for eco-...

Korea lawmakers confirm IMF veteran as new BOK chief

South Korea’s lawmakers gave the nod to the nomination of veteran International Monetary Fund official Rhee Chang-yong as the country’s ...

Korean firewater lures more young Japanese

South Korea’s distilled spirit soju is alluring more young drinkers in Japan, the home of its rival liquor shochu, as K-content such as drama ...

SK On bidders weigh growing risks of battery makers

Some of the four shortlisted bidders for South Korea's SK On Co. recently went back to the drawing board to assess the value of the world's No. 5 el...

Kia chooses Coupang as first partner for purpose-built vehicle rollout

Kia Corp., South Korea’s second-largest automaker, has chosen Coupang Inc. as its first partner for the production of a purpose-built vehicle ...

Hyundai to build EVs at US plant; Electrified GV70 to roll out in Dec.

NEW YORK – Hyundai Motor Co. is spending $300 million to add an electric vehicle production line to its manufacturing plant in Alabama as the ...

Hyundai to tackle EV rivals head on at New York auto show

NEW YORK – Hyundai Motor Co. and its affiliate Kia Corp. are set to fully unveil their redesigned vehicles at the upcoming New York Auto Show ...

Hyundai Motor unveils new EV charging platform to take on Tesla

Hyundai Motor Co. on Monday unveiled a new electric vehicle charging service platform as the top South Korean automaker takes on global rival Tesla ...

POSCO Chemical to raise $244 mn in green bonds

POSCO Chemical Co., South Korean steelmaker POSCO Group’s chemical and battery material unit, said on April 8 that it will issue green bonds w...

Dongwon Industries becomes new holding firm of seafood conglomerate

Dongwon Group, South Korea’s leading seafood and logistics conglomerate, will undergo corporate restructuring with Dongwon Industries Co. emer...

SM Entertainment to find Saudi idols with Princess Haifa

South Korea’s entertainment behemoth SM Entertainment Co. will develop Saudi idols with Princess Haifa bint Mohammed Al-Saud as the kingdom ai...

Hyundai Motor, Kia rank fifth in global electric vehicle sales

South Korea’s two largest automakers, Hyundai Motor Co. and Kia Corp., ranked fifth in terms of electric vehicle sales, which posted triple-di...

Nexon's new game beats Lineage to top app stores list

Nexon Co.'s Dungeon & Fighter Mobile has elbowed out NCSoft Corp.'s Lineage W to rank as the most popular Korean mobile game in the week since i...

SK Innovation to list battery unit 2025 at earliest

South Korean SK Innovation Co. does not expect to list its battery subsidiary until at least 2025, the company’s chief executive said on Thurs...

Activist fund wins over K-pop pioneer at SM Entertainment annual meeting

South Korea’s entertainment behemoth SM Entertainment Co. is poised to have a new outside auditor – a measure expected to bring a much-a...

Nexon incorporates own payment system for Dungeon & Fire release

South Korea’s online game developers are intensifying their efforts to build and incorporate their own payment systems to wipe out hefty commi...

Art investment platform operator Yeolmae Co. raises $14 mn in Series B

South Korean startup Yeolmae Company announced Monday it received 17 billion won ($14 million) worth of funds through its Series B round. With the l...

CJ ENM drops split-off plan; to set up new film studio

CJ ENM Co., South Korea’s entertainment giant, has dropped a plan to carve out its content production business into a new unit in the face of ...

Kia plans new Korea plant first time in 25 years for purpose-built vehicles

Kia Corp., South Korea’s No. 2 automaker, will set up a new domestic factory for the first time in 25 years to produce purpose-built vehicles ...