Poshmark powers Naver earnings; HyperCLOVA X the next booster

South Korea’s online giant Naver Corp. reported better-than-expected quarterly earnings thanks to strong sales of Poshmark Inc. in the US. It ...

Samsung, LG step up competition for smart TV content

The world’s two largest TV makers Samsung Electronics Co. and LG Electronics Inc. are scrambling to boost their smart TV content to make up fo...

Samsung to nurture biotech as next growth engine after chips: Lee

Samsung Group leader Lee Jae-yong, currently in the US, has vowed to make biotechnology the conglomerate’s second core strategic business afte...

Samyang Foods aims to grow Buldak sauce into $75 mn brand

South Korea's Samyang Foods Co. announced on Monday that it will strengthen its sauce business centered around its popular Buldak (hot chicken flavo...

Hyundai Motor drives software unit's Q1 sales higher

Record-setting earnings at South Korea’s Hyundai Motor Group have driven its vehicle software platform’s sales sharply higher and painte...

BTS 10th anniversary stamps to be issued on June 13

South Korea's state-run postal service agency Korea Post announced on Sunday that it will issue commemorative stamps on June 13, featuring the past ...

Samsung to unveil new foldables in July to boost Q3 profit

Samsung Electronics Co. is set to unveil fifth-generation of its foldable smartphones at the end of July, about two weeks earlier than it had showca...

Samsung Electronics to overtake TSMC within 5 years: chip president

DAEJEON – Samsung Electronics Co. will be able to overtake bigger foundry rival Taiwan Semiconductor Manufacturing Co. (TSMC) at the leading e...

Amorepacific chairman's 2nd daughter emerges as 3rd-largest shareholder

Amorepacific Group, South Korea’s cosmetic giant, announced on Thursday that Chairman Suh Kyung-bae has donated a 2.5% stake to his second dau...

SK Innovation’s battery sales at record high, production yield improved

SK Innovation Co. said on Thursday its battery affiliate SK On Co. posted record quarterly sales following a facility ramp-up in the US to meet risi...

Samsung, Hyundai, others to use hydrogen buses for commute

Samsung Electronics Co., Hyundai Motor Co., SK Hynix Inc., POSCO Holdings Inc., SK E&S, POSCO E&C and SK Siltron have agreed to replace thei...

Samsung unveils new Galaxy Watch OS with enhanced sleep management

Samsung Electronics Co. revealed on Thursday its new operating system, One UI Watch 5, for its Galaxy Watch series. The updated OS includes improved...

Samsung vetoes Broadcom's proposed measures to avoid Korean penalties

Samsung Electronics Co. and other South Korean tech companies opposed measures proposed by Broadcom Inc. to avoid penalties by the country’s a...

EcoPro BM share drops as falling material costs forecast to hurt revenue

EcoPro BM Co., the top stock on South Korea’s junior bourse Kosdaq, declined on Wednesday as some brokerage houses have downgraded the shares ...

Hyundai, Kia’s brisk April sales bode well for stellar Q2

The second-quarter earnings outlook for South Korea’s biggest automaker Hyundai Motor Co. and its sister company Kia Corp. looks rosy as eased...

Spooked by data leak, Samsung bans use of ChatGPT, other AI tools

Alarmed by a recent accidental data leak, Samsung Electronics Co. has banned one of its biggest business divisions from using ChatGPT and other gene...

Simple, retro: Korean game sector’s new target for growth

Once-popular games for feature phones in the 2000s are seeing a revival in South Korea on the growing demand for simple and easy titles for smartpho...

Samsung Heavy Industries develops next-generation FLNG

South Korean shipbuilder Samsung Heavy Industries has developed a new model for its floating liquefied natural gas (FLNG) production facility, aimed...

Renault Korea Motors shuts down Busan plant for 10 days

Renault Korea this month will stop operating its Busan plant for about 10 days in a desperate bid to reduce inventory, which has soared due to plumm...

Samsung foundry backlogs top $74.6 bn for logic chip biz goal

Samsung Electronics Co., the world’s No. 2 foundry player, has secured contract semiconductor manufacturing order backlogs of more than 100 tr...

S.Korea’s HD KSOE, Samsung Heavy post surplus amid order rally

South Korea’s HD Korea Shipbuilding & Offshore Engineering (KSOE) and Samsung Heavy Industries (SHI) posted good performance in the firs...

Samsung unveils 89-inch Micro LED display in China

Samsung Electronics Co. will launch its 89-inch Micro LED display in China for the first time at the "Appliance & Electronics World Expo 2023" (...

S.Korea’s IT parts makers reeling from sluggish smartphone, TV sales performance

  South Korea’s major information technology parts makers like Samsung Electro-Mechanics, LG Innotek and LG Display Co. suffered huge dr...

Samsung bets on H2 recovery with heavy spending after record chip losses

Samsung Electronics Co. on Thursday reported its worst quarterly loss for its semiconductor business, but echoed the widely held industry view that ...

Kia expects stellar Q2 after reporting record operating profit in Q1

Kia Corp., the smaller sibling of South Korea’s largest automaker Hyundai Motor Co., presented a rosy earnings outlook for the second quarter ...

S.Korea gov’t hosts sales event for domestic, US SMEs

South Korean small- and medium-sized enterprises (SMEs) expanded their exchange and cooperation with US firms during President Yoon Suk yeol's state...

Korean dept stores to lure foreigners with K-pop, festival

South Korean department stores are set to launch various programs such as a festival and sales of K-pop star merchandise to attract foreign tourists...

POSCO to supply steel to Samsung Electronics under long-term contract

POSCO Holdings Inc., the parent of South Korea’s top steelmaker, will supply steel to Samsung Electronics Co. under a long-term deal, which is...

Samsung, MS open Gaming Hubs in London, New York

Samsung Electronics Co. has partnered with Microsoft to launch gaming hubs in the heart of London and New York. The two companies have installed Sam...

Korean auto parts makers’ earnings ride on electrification push

South Korea’s major automotive parts makers are expected to post decent growth in their first-quarter sales and earnings on the back of their ...