Neck-and-neck contest for fintech assoc. chair narrows

Neck-and-neck contest for fintech assoc. chair narrows

For the first time ever, South Korea’s fintech industry association will see meaningful competition in electing its chair this month – r...

S.Korea’s 2022 inflation may shoot to 11-year peak

S.Korea’s 2022 inflation may shoot to 11-year peak

South Korea’s inflation this year is expected to accelerate to an 11-year high, adding to expectations of further interest rate hikes later th...

ABL Life co-invests in Everbright’s infra fund with 13% return

ABL Life co-invests in Everbright’s infra fund with 13% return

Korea’s ABL Life Insurance Co. has participated in Everbright Overseas Infrastructure Investment Fund LP, a $460 million fund managed by Hon...

Korea's Toss targets SE Asia, Japan with super app

Korea's Toss targets SE Asia, Japan with super app

South Korea's mobile financial platform Toss is evolving from a payment service app into a full-fledged financial service provider, or a super app, ...

Korea’s record trade deficit stirs capital outflow fears

Korea’s record trade deficit stirs capital outflow fears

South Korea reported the largest trade deficit on surging raw material prices in January, string worries that capital outflows from Asia’s fou...

Hyundai, Kia post record US car sales as Japanese firms struggle

Hyundai, Kia post record US car sales as Japanese firms struggle

Hyundai Motor Co. and Kia Corp., the two automaking units of Hyundai Motor Group, saw their combined auto sales in the US rise to their highest leve...

SK Innovation not looking at listing battery unit for now

SK Innovation not looking at listing battery unit for now

South Korea’s SK Innovation Co. is not currently considering an initial public offering of its battery subsidiary, an executive said on Friday...

LG overtakes Whirlpool as top appliance maker with record 2021 sales

LG overtakes Whirlpool as top appliance maker with record 2021 sales

LG Electronics Inc. has overtaken Whirlpool Corp. as the world’s top manufacturer of home, kitchen and laundry appliances after posting record...

Antin hires Michelle Maeng for Korean fund investor relations

Antin hires Michelle Maeng for Korean fund investor relations

Global infrastructure investment firm Antin Infrastructure Partners SA said on Jan. 25 it has appointed Michelle (Min Kyung) Maeng as its new Invest...

LG Display turns to black in 2021 after three years

LG Display turns to black in 2021 after three years

South Korea's LG Display Co. swung to an operating profit in 2021 after two consecutive years of shortfalls, led by a sharp rebound in LCD panel pri...

Samsung’s 2022: Year of war on uncertainty, shaky supply chain

Samsung’s 2022: Year of war on uncertainty, shaky supply chain

Samsung Electronics Co.'s spectacular 2021 earnings report on Thursday was overshadowed by its murky business outlook, as the world’s top make...

Hyundai Rotem to mass produce hydrogen extractors

Hyundai Rotem to mass produce hydrogen extractors

South Korea’s Hyundai Rotem is set to start in February mass production of hydrogen extractors that derive hydrogen from natural gas as it aim...

Hyosung's operaing profit reaches record $2 bn last year

Hyosung's operaing profit reaches record $2 bn last year

Hyosung Group’s annual operating profit exceeded two trillion won ($1.9 billion) for the first time since the company was founded in 1966.Loca...

LG Energy, GM to build $2.6 bn battery plant in Michigan

LG Energy, GM to build $2.6 bn battery plant in Michigan

LG Energy Solution Ltd. and General Motors Co., plan to build the third US electric vehicle battery plant in Michigan with a $2.6 billion investment...

Koh Young’s medical robot conducts 100 brain surgeries a year

Koh Young’s medical robot conducts 100 brain surgeries a year

Koh Young Technology Inc., a South Korean 3D imagery tech company listed on the Kosdaq, announced on Tuesday that its medical robot Kymero has condu...

Aju sells San Jose-based hotel at $63 mn after five years

Aju sells San Jose-based hotel at $63 mn after five years

Aju Hotels & Resorts Co., a hospitality firm under Korean conglomerate Aju Group, has sold its San Jose-based hotel to an affiliate of US hosp...

S. Korea's economic growth jumps to 11-year high

S. Korea's economic growth jumps to 11-year high

South Korea recorded 4% economic growth in 2021 – its highest jump in 11 years – according to the country’s central bank. The Ban...

S. Korean economy grows 4% in 2021

S. Korean economy grows 4% in 2021

. South Korea's economy is estimated to have grown 4 percent last year, the highest growth rate in 11 years, as consumption and exports bounced back...

Naver recruits two AI scholars based in US

Naver recruits two AI scholars based in US

Naver Corp. is ramping up its recruitment of global talent in artificial intelligence. The South Korean tech giant announced Monday that it h...

LG Omnipod: A self-driving home on wheels

LG Omnipod: A self-driving home on wheels

LG Electronics Inc. is bringing a life-size model of its future mobility autonomous concept vehicle to the real world.The LG Omnipod, a mobility con...

Gochujang exports increase 35% on-year

Gochujang exports increase 35% on-year

Exports of Korean fermented pastes like gochujang and doenjang have increased steadily for the past few years, thanks to the rise in popularity of K...

IGIS, Shinhan post 70% return a year from Amazon warehouse sale

IGIS, Shinhan post 70% return a year from Amazon warehouse sale

A Korean consortium led by IGIS Asset Management Co. and Shinhan Global Investment Banking (GIB) has signed a contract with a US asset manager to se...

Hyundai, Kia lead rivals in 2022 US best car awards

Hyundai, Kia lead rivals in 2022 US best car awards

Hyundai Motor Group’s major auto brands have won a record number of best car awards by the U.S. News & World Report in recognition of thei...

SK's 5-year journey toward batteries, bio and chips

SK's 5-year journey toward batteries, bio and chips

Back in January 2017, SK Group Chairman Chey Tae-won emphasized the need for “deep change," in his New Year message and presented the phrase a...

Korean pharma joins global race in RNA therapeutics development

Korean pharma joins global race in RNA therapeutics development

The field of ribonucleic acid (RNA) therapeutics, once considered an unexplored area, is now the most coveted sector in the global biotech industry....

One in 10 Koreans rushes for LG Energy shares ahead of $8.6 billion IPO

One in 10 Koreans rushes for LG Energy shares ahead of $8.6 billion IPO

The world’s second-largest electric vehicle battery maker LG Energy Solution Ltd. has set a new record for initial public offering demand, wit...

NAVER revs up its NFT arm

 NAVER revs up its NFT arm

South Korea’s internet juggernaut NAVER Corp. is gearing up to enter the NFT business – through its affiliate LINE Corp.LINE NEXT, a ven...

Hyundai to offer auto finance in France to boost Europe vehicle sales

Hyundai to offer auto finance in France to boost Europe vehicle sales

Hyundai Capital Services Inc., a financial services subsidiary of Hyundai Motor Group, and CGI Finance, a unit of Societe Generale Group, have launc...

Korean tire makers to raise prices on higher costs

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...

AI humans take quantum leap in Korean entertainment and media

AI humans take quantum leap in Korean entertainment and media

At first glance, ETERN!TY is similar to other K-pop bands – dancing to upbeat music and the female members donning pink tennis outfits. W...

Shinsegae, Hana Financial, Bain Capital to finance $438 mn Starfield Cheongna Saudi Crown Prince bin Salman courts Korean AI startups as Riyadh, Abu Dhabi vie to build tech hubs K Shipbuilding up for sale as Korean shipyards ride new boom Samsung to buy US health tech firm Xealth in digital health push Korean waste management firm Koentec put on market for $730 mn