Hankook Tire ESG Report wins gold prize in LACP 2022 Spotlight Awards
The ESG Report of Hankook Tire & Technology won the gold prize in the 2022 Spotlight Awards hosted by the League of American Communications Prof...
Kumho Tire receives silver medal from EcoVadis
Kumho Tire Co. announced on Tuesday that it received a silver medal from EcoVadis, a global ESG (environmental, social, and governance) evaluation a...
Nexen Tire develops AI-based tech for road surface detection
Nexen Tire Corp. on Monday said it developed technology for road surface detection and analysis of tire braking distance using artificial intelligen...
Hankook Tire ties up with Chaevi for EV charging service
Korea’s leading tire maker Hankook Tire & Technology Co. and Daeyoung Chaevi, one-stop electric vehicle (EV) charging solution provider, s...
Nexen Tire and Design Council Busan join hands for futuristic models
Nexen Tire said on Thursday that it has developed three types of future concept tires, including "BTR," "Mearth," and "Nocturne," in collaboration...
Fintech co. Awake Corp. provides financial management tool to creators
South Korean fintech startup Awake Corporation won the hearts and wallets of judges at the D.Day X D.Camp event on Thursday, garnering 20 million wo...
Korea Zinc exchanges treasury shares with LG Chem, Hanwha Corp.
Korea Zinc Co. will exchange part of its treasury shares with those of LG Chem Ltd. and Hanwha Corp. in a move seen to strengthen the secondary batt...
KT&G enlists Goldman Sachs to cope with shareholder activism
KT&G Corp., the world’s fifth-largest tobacco maker, appointed Goldman Sachs as an advisor to improve corporate governance after a Singapo...
LS Cable to become No.2 shareholder in KT Submarine
South Korea’s LS Group will become the No. 2 shareholder in KT Submarine Co. after buying the undersea cable construction company’s new ...
Korea’s Aju to spin off key building material business
South Korea’s Aju Group is set to split its parent company into a construction material firm and an investment corporation to enhance its prof...
Kolon Ind expands tire cord fabric plant in Vietnam
Kolon Industries Inc. has expanded the capacity of its polyester tire cord fabric plant in Vietnam, the South Korean company said on Wednesday.The f...
Hankook Tire aims to join global top 5 with new EV-only tires
South Korea’s leading tire maker Hankook Tire & Technology Co. is aiming to join the ranks of the global top five tire makers with its lat...
Growing Korean corporate VCs provide silver lining to startups
South Korean companies are rushing to set up their own venture capital units, so-called corporate venture capital firms, to seek new growth engines ...
Hankook Tire’s focus on foreign factories sets it apart from rivals
South Korea’s leading tire maker Hankook Tire & Technology Co. has one business strategy that sets it apart from its local rivals: Build m...
Hankook Tire to spend $1.6 bn on US plant expansion
Hankook Tire & Technology Co., South Korea’s top tire maker, will invest $1.6 billion to more than double its output in the US, the world&...
Korea Ginseng Corp. intensifies marketing efforts in the UAE
South Korea’s Korea Ginseng Corp. (KGC) said on Tuesday it recently hosted its second annual conference for large retail pharmacy chains in th...
APR Corp. generates $199 mn in revenue with advanced tech, branding
APR Corp. is a South Korean startup less than a decade old, which develops and manufactures skin care products and athleisure clothing. While t...
Hankook Tire sees increasing threat from combative labor union's demands
As a string of sporadic labor union strikes enters its third week, the risk of supply disruption has spread to an unlikely victim – Hankook Ti...
LG to sponsor Guggenheim’s move for tech-based art
LG Group, South Korea’s No. 4 conglomerate, is set to support the Guggenheim’s move for technology-based art as the consumer electronics...
VA Corp. to build Asia’s largest virtual studio with LG’s LED displays
VA Corp. (VAC), a South Korean visual effects production startup, is building Asia’s largest virtual studio complex equipped with super-large ...
Hankook Tire builds Asia’s largest proving ground for future car tires
Hankook Tire & Technology Co., South Korea’s top tire maker, said on Wednesday it has opened Asia’s largest proving ground to test t...
Creator tech startup Awake Corp. attracts over $892,000 in seed funding
Awake Corp., a startup that operates platforms to assist online creators, recently attracted 1.1 billion won ($892,473) in seed capital. The total a...
Kumho Tire, labor union in tug of war over international plants
Kumho Tire Co., South Korea’s No. 2 tire maker, struggled to agree with its unionized workers on more overseas plants although the company des...
Visual effects startup VA Corp joins ranks of unicorns
Visual effects production startup VA Corporation announced Monday it received 100 billion won ($80.4 million) from private equity fund Paratus Inv...
Korea corp. borrowing costs to rise further on Russia risks
South Korean companies are expected to pay more for fundraising as Russia’s invasion of Ukraine has chilled investor sentiment on corporate bo...
Korea’s trading firms set sights on EV parts production for growth
South Korea’s general trading companies, which usually work as middlemen linking buyers with sellers, are seeking to transform into eco-friend...
LG Group improves dividend policy transparency
A growing number of LG Group units have unveiled their dividend policies for the next three years for the first time in their history, as they are d...
Korean tire makers to raise prices on higher costs
South Korea’s three leading tire makers joined the global industry’s plans to raise product prices to maintain profitability amid higher...
Nexen Tire invests in US urban air mobility startup ANRA Technologies
Nexen Tire Corp., Korea’s third-largest tire maker, has made an undisclosed amount of equity investment in ANRA Technologies, a US urban air m...
Korea textiles reborn as eco-friendly, high-tech
South Korea’s textile sector is reviving as a high value-added growth business with advanced technology. The business, once a leading industry...
