Kakao launches AI-based blood sugar management solution
South Korea’s Kakao Healthcare Corp. has introduced an artificial intelligence-based blood sugar management solution targeting the global digi...
Samsung’s fashion unit logs record profit again in 2023
Samsung Group’s fashion unit posted record profit and revenue for the second straight year in 2023. The fashion division, which logged deficit...
S.Korea’s 2024 exports get off to strong start on China, semiconductors
South Korea’s exports, the country’s main growth driver, got off to a robust start in January, buoyed by a rebound in semiconductor ship...
EcoPro partners with Cirba Solutions for battery recycling
South Korean battery materials manufacturer EcoPro Co. said on Thursday that it has signed a memorandum of understanding (MOU) with the US-based l...
Samyang’s power: Hot Chicken Flavor Ramen by daughter-in-law
Samyang Foods Co., a South Korean instant noodle maker, enjoyed record earnings last year thanks to increasing overseas sales of its global-hit Hot ...
Hyundai Dept. Store launches membership for foreigners
South Korea's Hyundai Department Store Group announced on Thursday that it launched H Point Global, a dedicated membership service for foreign cus...
Japan approves Korean Air-Asiana merger
Japan has finally given the nod to the merger between South Korea’s No. 1 full-service carrier Korean Air Lines Co. and No. 2 Asiana Airlines ...
POSCO Int’l teams up with UAE for blue hydrogen
POSCO International Corp. and POSCO Holdings Inc. announced on Wednesday that they signed a strategic collaboration agreement (SCA) with the Abu Dha...
Doosan Bobcat showcases hydrogen-powered forklift in S.Korea
Doosan Bobcat, the construction and agricultural machine manufacturer of South Korea’s Doosan Group, has commercialized hydrogen-powered forkl...
Korean banks stop ELS sales after HSCEI debacle
South Korean banks are scurrying to suspend the sale of equity-linked securities (ELS) after the country’s financial regulator said it may con...
Lotte Wellfood to produce Pepero in India
South Korea's Lotte Wellfood Co. announced on Wednesday that it plans to build a Pepero production line in India. Pepero is a thin cookie stick with...
CJ Logistics, Saigon Co.op form partnership in Vietnam
South Korea’s CJ Logistics announced on Wednesday that it has formed a strategic partnership with Vietnamese state-owned retail chain giant ...
Taiwan QR code to be available at BC Card merchants in S.Korea
South Korea’s BC Card announced on Wednesday that it will introduce the Taiwanese QR payment method TWQR in the domestic market for Taiwanese ...
Huneed, DTC to co-work for military radio equipment
South Korea's Huneed Technologies announced on Tuesday that it has signed a teaming agreement with the UK-based Codan Communications DTC. The two c...
S.Korea’s duty-free industry going downhill
The South Korean travel retail industry, once considered the country’s golden goose, is forced to streamline operations given no signs of a dr...
LG Energy Solution's ESS division posts first-ever profit
LG Energy Solution Ltd.'s energy storage system (ESS) division posted its first-ever profit on the back of growing replacement demand and new constr...
UBS, Citigroup to handle sale of KKR’s JV with Korean builder
UBS Group AG and Citigroup Global Markets Inc. are set to manage the sale of a joint venture between global private equity giant KKR Co. Inc. and ai...
Korea rejects BlackRock’s $7.5 bn wind farm project
South Korea has slammed the brakes on BlackRock’s offshore wind farm project worth around 10 trillion won ($7.5 billion), citing financing unc...
Rebellions raises $124 mn to co-develop AI chip with Samsung
South Korean fabless artificial intelligence chip startup Rebellions Inc.’s plan to co-develop the next-generation AI chip with the world&rsqu...
Whisky imports hit record high in S. Korea amid falling wine interest
Soaring highballs propelled whisky consumption to record heights in South Korea last year, while pandemic-driven interest in wine waned significantl...
S.Korean trading companies boost profits by diversifying businesses
POSCO International Corp. joined the "1 trillion won ($751 million) profit club" for the first time in 2023, powered by a near doubling of its energ...
Hyundai, BAIC join hands to develop China-only EV brand
BEIJING – Hyundai Motor Co. has joined hands with Beijing Motor Corp. (BAIC) to debut a new electric vehicle brand specifically tailored to Ch...
Baidu’s AI Ernie to power Samsung Galaxy S24 in China
Samsung Electronics Co.'s latest smartphone series Galaxy S24 to be released in China will feature Baidu Inc.’s Ernie Bot artificial intellige...
Hyundai Mobis eyes strong overseas orders again in 2024
Hyundai Mobis Co., the world’s sixth-largest automotive parts maker, known as Mobis outside of its home South Korea, expects another strong ye...
Korea’s KIC opens Mumbai office to spur emerging market investment
Sovereign wealth fund Korea Investment Corporation (KIC) said on Monday it has launched its Mumbai office, establishing the state-run fund’s f...
Korean battery makers fret over Tesla’s cost-cutting plans
The South Korean battery industry is bracing for a grim market this year as Tesla Inc. is seeking every possible means to reduce costs to combat&nbs...
Korea’s next tech wave in music to mushroom culture
Investors on the hunt for the next big thing in South Korea explored the country’s next wave of technology at this year’s first demo day...
LG Energy to supply $748 million worth of batteries to Japan’s Isuzu Motors
LG Energy Solution Ltd., one of the world’s leading battery makers, has agreed to supply its cylindrical batteries to Isuzu Motors Ltd., Japan...
LG Energy leaves 2024 capex unchanged despite softer demand
LG Energy Solution Ltd. will break through the anticipated slowdown in global electric vehicle demand this year with enhanced technology leadership ...
Nongshim to open brand zone in Myeongdong, Seoul
South Korean food and beverage giant Nongshim Co. announced on Friday that it will open its brand zone in Myeongdong, Seoul with the domestic street...
