Seoul Record Fair
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Business & Politics
Camp David Summit to Unite U.S., South Korea, Japan
WASHINGTON—A new trilateral alliance linking the U.S., South Korea and Japan will enhance cooperation among the nations in key areas, includin...
Aug 17, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor, Seoul Univ. to establish Future Automotive Mobility
Hyundai Motor Co. and Seoul National University have joined forces to cultivate talent in electric vehicle control and vehicle software, which are e...
Aug 16, 2023 (Gmt+09:00)
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Food & Beverage
Binggrae’s overseas exports soar to record in H1 2023
South Korean food and beverage company Binggrae reported a 27% year-on-year leap in overseas exports, hitting 77.5 billion won ($57.8 million) in th...
Aug 16, 2023 (Gmt+09:00)
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The KED View
Falling on deaf ears: Costco Korea cart pusher's death
Costco Wholesale’s co-founder Jim Sinegal had said South Korea was a “fantastic market,” where it ran its largest store in terms o...
Aug 13, 2023 (Gmt+09:00)
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Electronics
Samsung’s latest Galaxy smartphones, watches hit global markets
Samsung Electronics Co.'s latest models of its flagship Galaxy series of smartphones, watches and tablets have begun hitting the shelves of the comp...
Aug 11, 2023 (Gmt+09:00)
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Earnings
Coupang’s Q2 profit soars to a record, driven by e-commerce
Coupang Inc., South Korea’s leading delivery service provider, on Wednesday posted an all-time high quarterly profit and revenue, driven by it...
Aug 09, 2023 (Gmt+09:00)
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Fashion
Korean lifestyle brand Andar takes on Xexymix in athleisure market
South Korea's activewear maker Andar posted record quarterly sales of 61.6 billion won ($47 million), moving one step closer to retaking the market ...
Aug 09, 2023 (Gmt+09:00)
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Carbon neutrality
S.Korea, Laos boost partnership in global drive to cut CO2 emissions
South Korea's Ministry of Trade, Industry and Energy on Tuesday held talks with Laos' Ministry of Natural Resources and Environment at the Seoul hea...
Aug 08, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Seoul Metro to develop communication system for foreign passengers
Foreign users of major subway stations in Seoul can communicate with Seoul Metro Corp. staff through simultaneous translation. Through artific...
Aug 08, 2023 (Gmt+09:00)
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Private equity
Affinity's CJ Lee to become 3rd Korean executive to leave
Affinity Equity Partners’ founding member and Managing Partner Lee Chul-joo (CJ Lee) will resign from the Asia’s leading buyout manager,...
Aug 04, 2023 (Gmt+09:00)
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Earnings
Naver posts record Q2 operating profit on e-commerce, content
South Korea’s top online portal Naver Corp. on Friday posted record operating profit in the second quarter, driven by robust sales growth in i...
Aug 04, 2023 (Gmt+09:00)
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Travel & Leisure
Lotte Tour's Jeju Island casino hits record revenue in July
South Korea’s Lotte Tour Development's Jeju-based casino saw record revenue in July thanks to an increased number of foreign tourists to the c...
Aug 03, 2023 (Gmt+09:00)
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Korean games
S.Korea’s mobile app spending hits record high in H1 2023
South Korean consumers' spending on mobile apps recorded the highest-ever in the first half of this year.Mobile data and analytics platform data.ai ...
Aug 03, 2023 (Gmt+09:00)
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Automobiles
Kia America’s new normal: Record car sales month after month
Kia Corp., South Korea’s second-largest automaker, has been dismissed as the weaker sibling or smaller sister firm of Hyundai Motor Co., the c...
Aug 02, 2023 (Gmt+09:00)
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Earnings
KakaoBank posts record H1 profit; costs hurt Kakao Games’ Q2 earnings
KakaoBank Corp., a leading South Korean internet-only bank, saw its first-half net profit rise to a fresh record high, driven by decent growth in in...
Aug 02, 2023 (Gmt+09:00)
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Future mobility
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 ...
Aug 02, 2023 (Gmt+09:00)
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Entertainment
Seoul mulls ‘treble damages’ for illegal K-content websites
The South Korean government and the ruling People Power Party are considering tripling punitive damages to illegal distributors of Korean entertainm...
Jul 31, 2023 (Gmt+09:00)
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Arts
Hanwha to turn Seoul landmark into modern art hub
Standing 249 meters (817 feet) high, 63 SQUARE, well known as the 63 Building to older generations, was once the tallest building in Seoul until it ...
Jul 28, 2023 (Gmt+09:00)
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Earnings
Kia revises up 2023 OP target after record Q2 earnings, to expedite EV push
Kia Corp. has revised upwards its operating profit target for this year to up to 12 trillion won ($9.4 billion) after reporting its best-ever quarte...
Jul 27, 2023 (Gmt+09:00)
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Aerospace & Defense
Hanwha poised to secure Australian armored vehicle deal
Hanwha Aerospace Co. has taken a step closer to clinching an Australian armored vehicle supply contract as the government chose the South Korean def...
Jul 27, 2023 (Gmt+09:00)
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Fashion
S.Korea’s men’s fashion platform Deps launches offline store
Deps, a men’s fashion platform launched by South Korean fashion brand incubator Hago L&F, is accelerating its market offensive through the...
Jul 27, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor lifts guidance after record-high Q2 results
South Korea’s Hyundai Motor Co. on Wednesday posted its highest-ever quarterly profit, which came in above market expectations, driven by robu...
Jul 26, 2023 (Gmt+09:00)
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Banking & Finance
KB Financial logs record profit in Q2, above consensus estimates
South Korea’s second-largest financial institution KB Financial Group Inc. achieved record-high quarterly net profit in the April-June period ...
Jul 25, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor Group, Seoul Univ. to jointly develop battery
Hyundai Motor Group opened a joint battery research center at Seoul National University, marking its full-fledged foray into next-generation battery...
Jul 25, 2023 (Gmt+09:00)
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Bio & Pharma
Huons’ overseas market expansion leads to record-high sales
South Korea's Huons Group is continuing its record-breaking performance while expanding its influence in the global market.According to Huons Group ...
Jul 25, 2023 (Gmt+09:00)
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Artificial intelligence
KT invests over $11 mn in AI software company Moreh
South Korea's KT Corp. will invest 15 billion won ($11.6 million) in Moreh, a Seoul-based artificial intelligence (AI) infrastructure software compa...
Jul 24, 2023 (Gmt+09:00)
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Upcoming IPOs
Fabless FADU taps institutional demand to raise about $151 mn
FADU Technology, the first unicorn in South Korea’s semiconductor sector, has embarked on a process to raise up to 193.8 billion won ($151 mil...
Jul 24, 2023 (Gmt+09:00)
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Batteries
EcoPro to log record-high foreign net purchases in July
South Korean battery materials maker EcoPro Co., the stock price of which has soared more than nine times on the junior bourse Kosdaq since Januar...
Jul 23, 2023 (Gmt+09:00)
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Food & Beverage
Wine bubble bursts in S.Korea as whisky frenzy grows
The South Korean fever for wine has cooled, with its imports down in the first half for a second straight year as the popularity of whisky among you...
Jul 19, 2023 (Gmt+09:00)
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Food & Beverage
South Korea's whisky imports surge 50% to record high
South Korea's whisky imports surged by 50% in the first half of 2023, reaching an unprecedented peak, according to trade data the Korea Customs Serv...
Jul 19, 2023 (Gmt+09:00)
Latest News
- 1 Coupang bids for Korean luxury market dominance with Farfetch
- 2 Hyundai Rotem set to finalize $6 bn K2 tank order from Poland
- 3 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 4 Korea to allow non-profits to buy bad consumer loans
- 5 LG to drive future growth in emerging markets with battery prowess