Harman acquires Masimo’s audio arm in Samsung’s car audio push

Harman International Industries Inc., wholly owned by Samsung Electronics Co., has acquired Masimo Corp.’s audio business for $350 million, a ...

CJ CheilJedang scraps sale of Brazilian unit CJ Selecta to Bunge

CJ CheilJedang Corp., South Korea’s largest food company, has cancelled the sale of a 66% stake in Brazilian soybean crusher CJ Selecta S.A. a...

Genesis premieres premium electric off-road SUV X Gran Equator Concept

NEW YORK – Genesis, the luxury brand of South Korea’s top automaker Hyundai Motor Co., has premiered its first electric off-roader conce...

Stay liquid, be selective, look outside US tech, says TCW CEO

Global financial markets are facing rising volatility and uncertainty this year as the US stock market rally led by Big Tech is losing steam amid co...

LG Group units step up joint marketing for in-vehicle electronics

Chief executives of LG Group’s key units, including LG Electronics Inc., will visit the headquarters of global carmakers for a series of close...

Hyundai, Kia sell 7.23 mn units together in 2024, eye more sales in 2025

Hyundai Motor Co. and its sibling Kia Corp. have set a target to sell a combined 7.39 million units around the globe this year with greater focus on...

Samsung unveils AI-powered Galaxy Book5 Pro to take on Apple’s MacBook

Samsung Electronics Co. on Thursday unveiled its new Galaxy Book5 Pro, packed with various AI functions, to compete with archrival Apple Inc.’...

Samsung reshuffles top brass; Co-CEO to control memory business

Samsung Electronics Co., the world’s No. 1 memory chipmaker, reshuffled its leadership on Wednesday in a sweeping move as it faces an uph...

Hanwha Securities buys 5.4% stake in Edinburgh Airport

Hanwha Investment & Securities said on Monday that it acquired a stake in Edinburgh Airport in Scotland.Edinburgh Airport is jointly owned by Gl...

UBS retains top position on Korea’s M&A advisor list after Ecorbit deal

UBS Group AG remained on the top of the South Korean merger and acquisition (M&A) advisory market as of the end of the third quarter after addin...

SK Enmove gets gold rating of EcoVadis ESG evaluation

South Korea’s lube oil maker SK Enmove Co., Korea’s top oil refiner SK Innovation Co.'s subsidiary, said on Thursday it received a Gold ...

Samsung expands AI horizon with B2B-specific SmartThings Pro

BERLIN – South Korean tech giant Samsung Electronics Co. is entering the AI-powered business-to-business connectivity platform market with its...

Samsung Electronics tops global TV sales in H1

Samsung Electronics Co. maintained its top position in the global TV market in the first half of this year, bolstered by robust sales of its newly i...

Gmarket CEO vows to reclaim lead with know-how from Alibaba, Coupang

The new chief executive of South Korea’s Gmarket Inc. on Monday pledged to drive the local retail giant Shinsegae Group’s online shoppin...

Samsung tops global OLED market in one year

Samsung Electronics Co. announced on Wednesday that it achieved the number one sales position in the global OLED monitor market one year after enter...

Private markets open to more high-net-worth individuals: Hamilton Lane

The number of high-net-worth individuals allocating capital to private markets is increasing fast. These are wealthy individuals who own at least $1...

Kumho Tire to supply premium tires to Jeep, Peugeot in Korea

Kumho Tire Co., South Korea’s No. 2 tire maker, announced on Tuesday that it will supply tires to 33 official service centers nationwide for J...

Korea yet to join global bond index for capital inflows

South Korea has so far failed to be included on a global major bond index, denting hopes for capital inflows into Asia’s fourth-largest econom...

Australian real estate debt, capitalizing on growth: Savills IM

The commercial real estate (CRE) debt market in Australia has grown rapidly over the last decade. According to the Australian Prudential Regulation ...

Galaxy S24 Ultra named top phone in US

Samsung Electronics Co. 's latest flagship AI phone model the Galaxy S24 Ultra has secured the top position in the smartphone evaluation by the US C...

LG Electronics puts focus on customers to drive growth

LG Electronics Inc., transitioning into a smart life solution platform company from a simple white goods manufacturer, will enhance its customer-cen...

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...

Foreign net buying of Samsung Elec at record high in 2023

Foreign investors turned net buyers of Samsung Electronics Co. in 2023, reversing their selling spree of the stock over past three years, as the sem...

POSCO named world's most competitive steelmaker

South Korea's POSCO was ranked number one as the world’s most competitive steelmakers for 14 straight years by the global steel analytics Worl...

Global NAND chip sales up in Q3 amid Samsung output cut

Global sales of NAND flash chips slightly grew in the third quarter as industry leaders such as Samsung Electronics Co. cut output, a report showed ...

Delivery Hero-backed Baemin to exit Vietnam on low returns

Baemin, the top food delivery platform in South Korea, will exit Vietnam on Dec. 8 after four years of operations there amid fierce market competiti...

Samsung Elec looks to Google, Apple alumni for future growth

Samsung Electronics Co., the world’s top memory chip and smartphone maker, has tapped more alumni from US Big Tech companies such as Google, A...

SK Telecom's T deal sees 81.5% transaction amount increase in H1

South Korea's SK Telecom Co. announced on Monday that the transaction volume of its artificial intelligence (AI)-curated text commerce T deal in the...

Baskin-Robbins stands out in melting Korean ice cream market

Global ice cream chain Baskin-Robbins, the top ice cream seller in South Korea, is solidifying its market position with localization despite the cou...

EcoPro to log record-high foreign net purchases in July

South Korean battery materials maker EcoPro Co., the stock price of which has soared more than nine times on the junior bourse Kosdaq since Januar...