Samsung shares block sale
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Energy
Dana Petroleum discovers new gas field in North Sea
Dana Petroleum, wholly owned by state-run Korea National Oil Corp. (KNOC), has discovered a new high-quality gas field in the North Sea, KNOC said o...
Oct 16, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Big 3 Korean shipmakers all likely to log quarterly profit
South Korea’s three major shipbuilders are all poised to log quarterly surpluses for the July-September period and stay in the black for years...
Oct 16, 2023 (Gmt+09:00)
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Electronics
Samsung, LG waging fierce war in OLED screen panels
South Korea’s Samsung Display and LG Display Co. are locked in a fierce war for supremacy in manufacturing OLED panels for monitors amid boomi...
Oct 16, 2023 (Gmt+09:00)
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Korean stock market
HSBC, BNP Paribas to be fined for naked short sales in S.Korea
South Korea's Financial Supervisory Service (FSS) will fine the Hongkong and Shanghai Banking Corporation Ltd. (HSBC) and Bank BNP Paribas the large...
Oct 15, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus set to catch up to KT as Korea’s No. 2 mobile carrier
LG Uplus Corp., the perennial No. 3 mobile carrier in South Korea, is fast catching up to its closest rival KT Corp. to rank second just beh...
Oct 13, 2023 (Gmt+09:00)
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Electric vehicles
Kia unveils low-cost EV models to reboot sales growth
Kia Corp., South Korea’s No. 2 automaker, showcased new low-cost electric vehicles on Thursday to boost the slowing growth in clean automobile...
Oct 12, 2023 (Gmt+09:00)
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Beauty & Cosmetics
Cosmax forms dedicated suncare OTC team
Cosmax Inc., South Korea's largest cosmetics manufacturer that specializes in original design manufacturing (ODM), announced on Thursday the establi...
Oct 12, 2023 (Gmt+09:00)
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Batteries
Samsung SDI, Stellantis to build 2nd US EV battery plant in Indiana
Kokomo, Indiana, will be the site of the second electric vehicle (EV) battery plant in the US of South Korea’s Samsung SDI Co. and the Netherl...
Oct 12, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai Motor to manufacture BAIC’s Arcfox EVs in China
BEIJING -- Hyundai Motor Co. is set to manufacture electric vehicles of Arcfox, a Chinese EV brand owned by BAIC Motor Corp., as the leading South K...
Oct 11, 2023 (Gmt+09:00)
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Samsung Group
Samsung beats Apple, Google to earn title as world’s best employer
Samsung Electronics Co. has retained the world’s best employer title this year for the fourth consecutive year, according to US business magaz...
Oct 11, 2023 (Gmt+09:00)
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Retail
Shilla Duty Free ready to boost sales at Changi Airport
HDC Shilla Duty Free Ltd., the operator of The Shilla Duty Free Shop, said on Tuesday it has extended the contract to run cosmetics and perfume stor...
Oct 11, 2023 (Gmt+09:00)
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Earnings
Samsung Electronics’ narrowed Q3 chip losses fuel more bullish outlook
Samsung Electronics Co., the world’s largest maker of memory chips, smartphones and TVs, said on Wednesday it likely posted a 78% drop in it...
Oct 11, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung Elec to launch HBM4 in 2025 to win war in AI sector
Samsung Electronics Co., the world’s top memory chipmaker, aims to introduce sixth-generation top-performance High Bandwidth Memory4 (HBM4) DR...
Oct 10, 2023 (Gmt+09:00)
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Earnings
LG Elec beats earnings estimates on healthy automotive biz
LG Electronics Inc., the leading global home appliance maker, reported better-than-expected quarterly earnings thanks to the strong automotive busin...
Oct 10, 2023 (Gmt+09:00)
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Korean food
Lotte Wellfood ups Choco Pie India sales target to $60 mn with new factory
Lotte Wellfood Co., formerly Lotte Confectionery Co., has revised up this year’s Choco Pie sales forecast in India to 80 billion won ($60 mill...
Oct 10, 2023 (Gmt+09:00)
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Retail
S.Korea’s petrochemical, steel firms open online shopping malls
South Korea’s petrochemical and steel companies, which mainly engage in business-to-business transactions, are opening or running a string o...
Oct 10, 2023 (Gmt+09:00)
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Business & Politics
Samsung, SK granted indefinite US waiver on chip gear supplies to China
Samsung Electronics Co. and SK Hynix Inc., the world’s two largest memory chipmakers, have been granted an indefinite waiver on semiconductor ...
Oct 10, 2023 (Gmt+09:00)
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Petrochemicals
Lotte Chemical sells JV stakes in China, eyes other profitable markets
South Korea’s Lotte Chemical Corp. has sold its entire stakes in joint ventures with Chinese partners as the Korean company faces a supply glu...
Oct 09, 2023 (Gmt+09:00)
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Automobiles
Hyundai to hike Exter SUV output to capitalize on void in India
Hyundai Motor Co. plans to ramp up the production of its compact sport utility vehicle Exter in India to capitalize on the void in the entry-level S...
Oct 09, 2023 (Gmt+09:00)
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Electronics
Samsung to develop Galaxy Fold, Flip-customized games
Samsung Electronics Co., the world’s top smartphone maker by volume, is developing mobile games customized to its Galaxy Fold and Flip series ...
Oct 08, 2023 (Gmt+09:00)
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Pension funds
NPS fills basket with China reopening, cosmetics shares; tech firms sold
South Korea’s National Pension Service (NPS) sold electronics, information technology and content-related shares in the third quarter, and fil...
Oct 06, 2023 (Gmt+09:00)
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Electronics
With Samsung’s connected gadgets, it’s ‘home, smart home’
SILICON VALLEY – When you come back home after an extended period away from it, you can’t help but express relief and happiness. It&rsqu...
Oct 06, 2023 (Gmt+09:00)
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Construction
Samsung C&T to join Indonesia's smart city project
South Korea's Samsung C&T Corp. announced on Friday that it has signed a memorandum of understanding (MOU) with Indonesia's premier real estate ...
Oct 06, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung unveils next-generation flagship mobile processor
SAN JOSE, California -- Samsung Electronics Co., the world’s top memory chipmaker, on Thursday unveiled the Exynos 2400, a new premium mobile ...
Oct 06, 2023 (Gmt+09:00)
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Korean startups
Rebellions, Samsung to jointly develop new AI chip
South Korea's AI semiconductor startup Rebellions announced a strategic partnership with Samsung Electronics Co. to co-develop their next-generation...
Oct 06, 2023 (Gmt+09:00)
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Electronics
Samsung Electronics to soon unveil Galaxy SmartTag2
Samsung Electronics Co. on Thursday announced its planned global release on Wednesday of Galaxy SmartTag2, the improved version of its mobile access...
Oct 05, 2023 (Gmt+09:00)
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Carbon neutrality
Samsung Engineering partners with global firms for CCUS
South Korea's Samsung Engineering is ramping up its strategies in the carbon capture, utilization, and storage (CCUS) arena by securing partnerships...
Oct 05, 2023 (Gmt+09:00)
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Electronics
Samsung Galaxy S23 FE: Affordable yet premium flagship smartphone
Samsung Electronics Co., the world’s largest smartphone maker by volume, on Wednesday unveiled the Galaxy S23 FE series – its latest fan...
Oct 04, 2023 (Gmt+09:00)
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Automobiles
SUVs, small pickups grab largest share of S.Korea's car market
Sport utility vehicles (SUV) and small pickup trucks in South Korea are occupying a larger share of the domestic automotive market.Industry sources ...
Oct 04, 2023 (Gmt+09:00)
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Automobiles
Recreational cars grab largest share of S.Korea's automotive market
Recreational vehicles (RVs) in South Korea like sport utility vehicles (SUV) and small pickups are occupying a larger share of the domestic automoti...
Oct 04, 2023 (Gmt+09:00)
Latest News
- 1 Hyundai Steel to displace Baoshan as GM Korea's supplier
- 2 S.Korea’s No.1 dried seaweed firm Kwangcheonkim up for sale for $295 mn
- 3 BOK chief warns against aggressive policy rate cuts, sees need for fiscal stimulus
- 4 S.Korea eases path for foreign REITs in senior housing push
- 5 Koramco targets $7 bn bets on Korea data centers