S.Korean transformers invade US market on surging demand

South Korea’s heavy electrical equipment makers are expanding their presence in the US, the world’s second-largest electricity consumer,...

Dongwha Pharm to buy Vietnamese pharmacy chain at $30 mn

South Korea's Dongwha Pharm announced on Thursday that it signed an agreement to acquire a 51% stake in Trung Son Pharma, a leading pharmacy chain i...

With long-gone heyday, Capro clings to stake sale for survival

Once everyone’s darling but now an ugly duckling, Capro Co., South Korea’s sole maker of caprolactam, a nylon raw material, is despera...

LG Uplus to equip Toyota Highlander’s infotainment platform

South Korea's LG Uplus Corp. announced on Friday its strategy to outfit Toyota's Highlander, a seven-seater SUV, with Toyota Connect, powered by t...

Tesla supplier L&F’s earnings disappoint; shares down

L&F Co., global electric vehicle leader Tesla Inc.’s battery materials supplier, missed quarterly earnings estimates on sluggish product p...

LG Electronics to form $100-million global startup fund

LG Electronics Inc. has committed over $100 million to a startup fund to unearth new technologies in sustainable energy, digital health, artificial ...

Big Bang deregulation poised to bolster S.Korean ST market

South Korea’s fractional investment market is gearing up for a grand opening after the government earlier this year unveiled security token of...

Hanwha Aerospace ventures into eco-friendly ship market

South Korea's Hanwha Aerospace Co. announced on Thursday that it has completed the development of a megawatt-hour (MWh) energy storage system (ESS)....

Morgan Stanley subsidiary takes 5% stake in JYP Entertainment stock

A Morgan Stanley-affiliated asset manager has bought more JYP Entertainment shares, raising its stake to more than 5 percent.Asset management firm M...

Korea's SM buys shipping line HMM shares ahead of bidding

South Korea’s SM Group has increased its ownership in HMM Co., the country’s top container shipping line. The 30th-largest conglomerate ...

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...

APR’s fashion brand Nerdy opens two more stores in Vietnam

South Korea's cosmetic and clothing company APR announced on Wednesday that its street style fashion brand Nerdy opened its third and fourth stores ...

Com2us launches RPG game ‘Heir of Light: Eclipse’ in Canada, Indonesia

Com2us Holdings Corp. announced on Wednesday that its new role-playing game (RPG), Heir to  Light: Eclipse, is now available on Google Play in ...

Samsung Electronics opens future tech office in DX Division

Samsung Electronics Co. has conducted an internal reshuffle by opening a future technologies office to discover “non-existent” technolog...

Samsung’s Bespoke Jet AI sweeps global acclaim

Bespoke Jet AI, the cordless stick vacuum cleaner of Samsung Electronics Co., continues to receive international recognition for its superior techno...

S.Korean carmakers post brisk sales on strong exports in July

South Korea's car sector posted strong sales last month as favorable exports offset the sluggish domestic market.Industry sources on Tuesday said th...

42dot launches its first B2B self-driving shuttle service

42Dot, a self-driving technology affiliate of Hyundai Motor Group, on Tuesday said it launched a self-driving shuttle at Samsung Mobility Museum in ...

Samsung Bioepis seeks to buy Biogen biosimilar unit

Samsung Bioepis Co., a biopharmaceutical research and development unit under South Korea’s Samsung Group, seeks to buy a biosimilar business d...

Samsung Elec to provide HBM3, packaging service to Nvidia

Samsung Electronics Co., the world’s top memory chipmaker, is set to provide high-performance semiconductors and packaging service to the glob...

Super-large screens account for one third of Samsung’s TV sales

Samsung Electronics Co. announced that one out of every three of its Neo QLED and QLED TVs sold in South Korea between January and July this year fe...

Naver Pay to enter Chinese payment market in 2023

South Korea's Naver Financial announced plans on Tuesday to bring its simple payment service, Naver Pay, to the Chinese market by the end of this ye...

SK Shieldus appoints former Samsung SDS president as new CEO

South Korean security company SK Shieldus announced on Tuesday that it has appointed Hong Won-pyo, former president of Samsung SDS, as its new CEO a...

Cosmetics giant Amorepacific hints at succession plan change

South Korean cosmetics powerhouse Amorepacific Group Inc. is giving signs of changing its succession plans as Suh Min-jung, Chairman Suh Kyung-bae&r...

Samsung TV Plus to feature free FIFA+ channel content

Samsung Electronics Co. said on Monday that it will offer the FIFA+  channel's content for free on Samsung TV Plus, expanding the sports offeri...

S.Korea's HD Hyundai chairman: We can’t rely on bad profits

Kwon Oh-gap, chairman and co-CEO of South Korea's HD Hyundai Co., has ordered his company not to rely on “bad profits” gained from tempo...

LG Electronics reduces 220,000 tons of CO2 emissions in 2022

LG Electronics Inc. reduced its greenhouse gas emissions by 220,000 tons compared to the previous year at both domestic and overseas facilities. The...

Samsung pins high hopes on new Galaxy Z foldables

Foldable phones will likely account for one-third of Samsung Electronics Co.'s domestic sales of its flagship Galaxy smartphone series this year, le...

Hanwha Group puts savings bank on market, a clear succession path

Hanwha Group, South Korea’s chemicals-to-defense conglomerate, has put its non-core financial unit Hanwha Savings Bank up for sale, in a move ...

S.Korea’s aid service Boram Group enters companion animal market

South Korea’s Boram Group, whose main affiliate is an aid company, has entered the companion animal market.  Affiliates Boram Sangjo and ...

Samsung Galaxy Z Flip 5: Don’t bother to open it!

The Galaxy Z Flip 5, the fifth generation of the Samsung Galaxy Z Flip smartphones, makes a clear distinction from its predecessors: enabling users ...