Samsung ups smaller OLED workforce to fend off Chinese rivals

Samsung ups smaller OLED workforce to fend off Chinese rivals

Samsung Display Co., South Korea’s top screen maker, increased its workforce for smaller organic light-emitting diode (OLED) panels used for p...

Nongshim Kellogg overtakes Dongsuh as Korea’s top cereal maker

Nongshim Kellogg overtakes Dongsuh as Korea’s top cereal maker

Just a few years back, cereals meant cornflakes eaten with milk during busy mornings in South Korea.Nowadays, however, cereals mean granola made of ...

Korea’s Shinhan to invest $180 mn in India’s HDFC Credila

Korea’s Shinhan to invest $180 mn in India’s HDFC Credila

South Korea’s Shinhan Bank is set to invest $180 million in HDFC Credila Financial Services Ltd., India’s largest education loan provide...

SK Hynix to build advanced packaging plant in Indiana for $3.9 bn

SK Hynix to build advanced packaging plant in Indiana for $3.9 bn

SK Hynix Inc., the world’s leading high bandwidth memory (HBM) chip producer, will plow in $3.87 billion to build advanced packaging and resea...

LG’s $5.5 billion LFP, ESS battery plants in Arizona to kick off in 2026

LG’s $5.5 billion LFP, ESS battery plants in Arizona to kick off in 2026

LG Energy Solution Ltd., the world’s second-largest battery maker, said on Thursday its 7.2 trillion won ($5.5 billion) battery complex in Ari...

Hyosung TNC to invest $1 bn in new bio-fiber plants in Vietnam

Hyosung TNC to invest $1 bn in new bio-fiber plants in Vietnam

Hyosung TNC Corp., the world’s top spandex maker, plans to invest $1 billion in new bio-textile materials plants in Vietnam to accelerate its ...

Samsung gains upper hand vs Netlist in $303 million patent dispute

Samsung gains upper hand vs Netlist in $303 million patent dispute

Samsung Electronics Co. has taken the upper hand in its ongoing legal battle against Netlist Inc. over memory chip module patent infringement allega...

Korea reclaims crown from China as world’s top shipbuilder

Korea reclaims crown from China as world’s top shipbuilder

South Korea reclaimed the crown from the Chinese as the world’s largest shipbuilder after three years last quarter, sweeping global orders for...

HMM, SIPG to cooperate on eco-friendly fuel

HMM, SIPG to cooperate on eco-friendly fuel

South Korea’s major ocean carrier HMM Co. announced on Wednesday that it signed a Shanghai Port Clean Marine Fuel memorandum of understanding ...

Sandy Floor gets seed round from Kakao Ventures

Sandy Floor gets seed round from Kakao Ventures

South Korea’s casual multiplayer game developer Sandy Floor Games announced on Wednesday that it got a seed round investment from Kakao Ventur...

Blight of failing e-commerce startups in South Korea

Blight of failing e-commerce startups in South Korea

Linkshops, once touted as a future unicorn candidate in South Korea, declared bankruptcy last month even after garnering 15.4 billion won ($11.4 mil...

Samsung, GS win $7.2 bn gas plant project in Saudi

Samsung, GS win $7.2 bn gas plant project in Saudi

South Korea’s Samsung Engineering (new name: Samsung E&A) and GS Engineering & Construction Corp. (GS E&C) won a $7.2 billion co...

KOTRA operates S.Korea's pavilion at Vietnam Expo

KOTRA operates S.Korea's pavilion at Vietnam Expo

The Korea Trade-Investment Promotion Agency (KOTRA) announced on Wednesday that it has operated the South Korean Pavilion at the 2024 Vietnam Expo, ...

Hanwha Aerospace to spin off non-core units to focus on defense business

Hanwha Aerospace to spin off non-core units to focus on defense business

Hanwha Aerospace Co., South Korea’s answer to Elon Musk’s SpaceX, is spinning off its non-core units to focus on defense and aerospace b...

EVs in S.Korea exceed 500,000

EVs in S.Korea exceed 500,000

The cumulative number of electric vehicles (EVs) registered in South Korea exceeded 500,000 last year.The number of EV chargers supplied domesticall...

Korea’s Shinsegae replaces building unit chief amid property downturn

Korea’s Shinsegae replaces building unit chief amid property downturn

South Korea’s retail giant Shinsegae Group on Tuesday replaced the head of its construction unit amid the sluggish property market, adding to ...

Lotte Duty Free rebrands LDF House to Now in Myeong-dong

Lotte Duty Free rebrands LDF House to Now in Myeong-dong

South Korea’s Lotte Duty Free announced on Tuesday that it changed its duty-free showroom LDF House, which was opened last October in Myeong...

Breezm lands in US with plan to open 100 stores in 5 years

Breezm lands in US with plan to open 100 stores in 5 years

Breezm, a South Korean startup making customized eyeglasses with artificial intelligence and 3D technologies, has opened its first offshore store in...

Korea's Military Mutual Aid Association starts search for new CIO

Korea's Military Mutual Aid Association starts search for new CIO

South Korea’s Military Mutual Aid Association (MMAA), which managed 10.4 trillion won ($7.7 billion) in assets as of the end of 2023, said on ...

KOTRA holds drone roadshow in Kazakhstan

KOTRA holds drone roadshow in Kazakhstan

Korea Trade-Investment Promotion Agency (KOTRA) announced on Tuesday that the Korea-Kazakhstan Drone Roadshow opened in Astana, the capital of Kazak...

Korea’s rate cut hope wanes with inflation above 3% in March

Korea’s rate cut hope wanes with inflation above 3% in March

South Korea’s headline inflation stayed above 3% for two straight months in March on a surge in fruit and vegetable prices coupled with higher...

LG Energy, GM’s 2nd Ultium Cells plant begins production in Tennessee

LG Energy, GM’s 2nd Ultium Cells plant begins production in Tennessee

LG Energy Solution Ltd., the world’s second-largest battery maker, said on Tuesday that the second plant of Ultium Cells LLC, a joint venture ...

Korea Zinc buys US Kataman for $55 mn for recycling business

Korea Zinc buys US Kataman for $55 mn for recycling business

Korea Zinc Inc., the world’s largest lead and zinc smelter, acquired Kataman Metals LLC, a US-based scrap metal trading company, at $55 millio...

Hanwha, 1st Korean insurer to earn dividends from overseas unit

Hanwha, 1st Korean insurer to earn dividends from overseas unit

Hanwha Life Insurance Co. is set to earn dividends from its Vietnamese subsidiary, reporting a cumulative profit after 15 years, becoming South Kore...

LF’s fashion brand Dunst teams up with E-Land for China push

LF’s fashion brand Dunst teams up with E-Land for China push

South Korean clothing company LF Corp. said on Monday that its street fashion brand Dunst will build an offline presence in China in partnership wit...

SK Hynix, TEMC develop industry’s first neon gas recycling technology

SK Hynix, TEMC develop industry’s first neon gas recycling technology

SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., and its South Korean partner TEMC Co., have jointly ...

Tata Daewoo to build plant for producing trucks in Saudi Arabia

Tata Daewoo to build plant for producing trucks in Saudi Arabia

South Korea's Tata Daewoo Commercial Vehicle Company announced on Monday that it will build a production plant in Saudi Arabia.Tata Daewoo signed a ...

Money pours in for technology to reshape Korean restaurants

Money pours in for technology to reshape Korean restaurants

Investors are betting big on food service technology startups in South Korea as the adoption of self-service systems in the country’s food and...

Hyundai Globis wins long-term LNGC charter in Qatar

Hyundai Globis wins long-term LNGC charter in Qatar

South Korea's Hyundai Glovis Co. announced on Monday that it has won a long-term charter for four liquefied natural gas carriers (LNGC) from QatarEn...

Hyundai Motor’s IONIQ 5 robotaxi passes US driver’s license test

 Hyundai Motor’s IONIQ 5 robotaxi passes US driver’s license test

Soon, it will no longer be the stuff of sci-fi movies for a robocop to stop a self-driving car for speeding and for the human-less autonomous vehicl...

Hanwha Systems to compete with LIG Nex1 for Korean version of Iron Dome NH, KB Securities, Kookmin Bank, Kim & Chang lead capital markets in H1 From G-Dragon to Ibuki: Dongmyo emerges as global fashion hotspot Hyundai helps Korean economy most with $265 bn contribution South Korea issues €1.4 billion in largest-ever euro bond sale