Three-fifths of Kia EV9 pre-order customers are new to Kia

Three-fifths of Kia EV9 pre-order customers are new to Kia

About 60 percent of reservations for the EV9, Kia Corp.'s large electric SUV, are first-time buyers for the brand."Sixty percent of the individual c...

KAI joins hands with VTX to enter Vietnam's helicopter market

KAI joins hands with VTX to enter Vietnam's helicopter market

Korea Aerospace Industries Co. (KAI) on Friday signed a preliminary agreement with Vietnam’s Viettel Aerospace Institute (VTX) to cooperate in...

S.Korean builders feel tailwind from Middle East

S.Korean builders feel tailwind from Middle East

South Korean construction companies, struggling with soaring raw material prices and higher interest rates, are poised to bounce back with a string ...

AI talent shortage poses threat to Korean AI tech development

AI talent shortage poses threat to Korean AI tech development

Since the advent of the AI-powered chatbot sensation ChatGPT, the battle to win AI talent across companies large and small has intensified, threaten...

Yen’s plunge spurs bargain-hunting in Korea; savings fastest in 6 years

Yen’s plunge spurs bargain-hunting in Korea; savings fastest in 6 years

The sliding yen is prompting South Koreans to go bargain-hunting for the Japanese currency in the wobbly financial market as yen-denominated deposit...

S.Korea's Samyang Foods promotes Buldak Ramen in Hanoi

S.Korea's Samyang Foods promotes Buldak Ramen in Hanoi

Samyang Foods Co., South Korea's leading food manufacturer, announced on Friday that it opened a promotional booth at the "K-Food Festival" held at ...

Revuelto, Lamborghini's first PHEV, launched in S.Korean market

Revuelto, Lamborghini's first PHEV, launched in S.Korean market

Italian supercar brand Automobili Lamborghini unveiled its first-ever plug-in hybrid (PHEV) super sports car, the "Revuelto," in South Korea on Frid...

KAI succeeds in localizing wing spar components for Israeli business jet

KAI succeeds in localizing wing spar components for Israeli business jet

Korean Aerospace Industries Ltd. (KAI), a South Korean aerospace and defense company, announced on Friday that it held a commemorative event for the...

S.Korean content biz event in Indonesia targets SE Asian consumers

S.Korean content biz event in Indonesia targets SE Asian consumers

An export conference for South Korean content this week in Jakarta, Indonesia, targeted the Southeast Asian market's population of 600 million.The I...

S.Korea expands cooperation with Vietnam in intellectual property rights

S.Korea expands cooperation with Vietnam in intellectual property rights

The Korean Intellectual Property Office (KIPO) on Thursday said it signed a memorandum of understanding with the Intellectual Property Office of Vie...

S.Korea's military aircraft exports to NATO get major boost

S.Korea's military aircraft exports to NATO get major boost

South Korea has concluded a deal with the North Atlantic Treaty Organization (NATO) on mutual recognition of certification of military aircraft airw...

Blind recognized as one of Time100 Most Influential Companies 2023

Blind recognized as one of Time100 Most Influential Companies 2023

Blind, the renowned online forum for verified but anonymous professionals, has been included on the esteemed Time100 Most Influential Companies list...

Asan Medical Center to establish digestive disease hospital in Dubai

Asan Medical Center to establish digestive disease hospital in Dubai

Asan Medical Center announced plans on Thursday to establish a 65-bed gastrointestinal specialized hospital in Dubai Healthcare City in Dubai, UAE, ...

Central Europe’s fast-growing economy attracts global investors: Abris

Central Europe’s fast-growing economy attracts global investors: Abris

More investors choose safer assets in developed regions such as the US and Western Europe today with rate hikes and liquidity tightening. But Poland-b...

LG Energy’s 1st bond issue draws record $3.6 bn in bids

LG Energy’s 1st bond issue draws record $3.6 bn in bids

LG Energy Solution Ltd.'s first bond issue was 10 times oversubscribed on Thursday, drawing a record 4.7 trillion won ($3.6 billion) in bids for a S...

Korea’s SK Square sells off entire stake in Grab as shares tumble

Korea’s SK Square sells off entire stake in Grab as shares tumble

SK Square Co., the intermediate holding company of South Korea’s SK Group, has liquidated Grab Geo Holdings, a joint venture with Grab Holding...

POSCO-led consortium signs 47-yr Oman green hydrogen project

POSCO-led consortium signs 47-yr Oman green hydrogen project

A consortium led by POSCO Holdings Inc. and Samsung Engineering Co. has signed a 47-year contract with Oman worth an estimated $7 billion-$8 billion...

Kakao Healthcare ties up with Dexcom for global diabetes biz

Kakao Healthcare ties up with Dexcom for global diabetes biz

South Korea’s Kakao Healthcare Corp. has taken a step forward to expand its business into the global market by collaborating with US medical d...

US beats China to become S.Korea’s No.1 export destination in 2022

US beats China to become S.Korea’s No.1 export destination in 2022

South Korea last year exported most to the US thanks to brisk sales of the country’s cars in the world’s No. 1 economy, whereas trade wi...

Intel’s foundry revamp sets off alarm bells for Samsung, TSMC

Intel’s foundry revamp sets off alarm bells for Samsung, TSMC

Intel Corp.’s announcement to restructure its manufacturing business to become a leading foundry player is setting the stage for a bigger show...

Korean-style smart city to be introduced in Ukraine's Uman

Korean-style smart city to be introduced in Ukraine's Uman

The South Korean government has decided to support the development of a smart city in Uman located in central Ukraine. The Ministry of Land, Infrast...

S.Korean MMORPG 'Lost Ark' to launch in Chinese market

S.Korean MMORPG 'Lost Ark' to launch in Chinese market

"Lost Ark," the popular South Korean MMORPG developed by Smilegate RPG, is set to make its debut in the Chinese gaming market next month. Tencent Ga...

S.Korea attracts investment of $940 mn from 6 European companies

S.Korea attracts investment of $940 mn from 6 European companies

South Korea has attracted investment worth $940 million from six high-tech European companies to build factories and R&D centers.The six compani...

Bread mimicking S.Korean penny embroiled in design theft controversy

Bread mimicking S.Korean penny embroiled in design theft controversy

The Bank of Korea (BOK) has announced that it is in talks with companies to change the design of the “Gyeongju 10 won bread,” which rece...

3rd-gen. corporate succession in S.Korea slashes stake from 100% to 16%

3rd-gen. corporate succession in S.Korea slashes stake from 100% to 16%

South Korea's business sector is urging reform of the domestic inheritance tax system to alleviate problems in corporate succession, citing difficul...

S.Korea has just 1.2% of world's corporate unicorns: study

S.Korea has just 1.2% of world's corporate unicorns: study

Among 10 major economies worldwide, South Korea's global share of unicorn companies, or startups with a corporate value of over $1 billion, has shru...

GS Retail sells unmanned serving robots in convenience stores

GS Retail sells unmanned serving robots in convenience stores

The artificial intelligence (AI) serving robot has been introduced to convenience stores for sale. The number of stores where the robot is being sol...

Renault to build new EV plant at its Korean base in Busan

Renault to build new EV plant at its Korean base in Busan

BUSAN – French automaker Renault S.A. will build a new electric vehicle manufacturing plant in South Korea to meet growing demand for eco-frie...

EU’s new battery act comes with caveats; headache for Samsung, Apple

EU’s new battery act comes with caveats; headache for Samsung, Apple

The European Union’s decision to go greener with batteries that cut carbon emissions and promote recycling comes with a few caveats, posing a ...

Singapore includes KS Standards in construction guidelines

Singapore includes KS Standards in construction guidelines

KS standards have been included in Singapore's Class 1 Building and Construction guidelines (BC1). As a result, it is expected that steel exports to...

S.Korea to elevate science minister to deputy prime minister to lead in AI race Allianz-backed Koh Young’s brain surgery robot set for US debut by end-August Roborock’s privacy policy fuels data leak fears over Chinese goods Sale of $1.5 bn Pangyo Tech 1, overseen by Mirae Asset, draws strong bids from global PEFs Kia to make, sell China-launched EV5 in Korea to keep top spot