Jeju Air resumes daily flights to Hanoi, Ho Chi Minh City, Vientiane

South Korea's low-cost carrier Jeju Air Co. said on Monday that it would run daily flights from Korea to Hanoi and Ho Chi Minh City in Vietnam and V...

Hanwha Solutions, Microsoft sign solar energy partnership in US

Hanwha Solutions Corp., a unit of South Korea’s chemicals-to-construction conglomerate Hanwha Group, said on Thursday it has formed a strategi...

Kolmar Korea to establish new cosmetics production base in Sejong City

South Korea's cosmetic original design manufacturer Kolmar Korea said Wednesday that it would establish a cosmetics production base equipped with ar...

S-1 unveils AED with analysis time reduced to 2 seconds

S-1 Corp., a security affiliate of South Korea's Samsung Group, has been expanding its presence into the automated external defibrillator (AED) area...

Hyundai, Kia make up 11.3% of UK's new car registrations in 2022

South Korean carmaker Hyundai Motor Group accounted for 11.3% of the new car registrations in the UK last year, according to a report that the Socie...

South Korean companies ink $6.1 billion MOUs with UAE partners

ABU DHABI – Business leaders from South Korea and the United Arab Emirates (UAE) have signed 24 initial agreements worth at least $6.1 billion...

Hanwha, LG Energy team up for US battery production

South Korea’s Hanwha Group will invest in LG Energy Solution Ltd.'s battery production lines for energy storage systems (ESS) in the US, some ...

Seoul ranks 7th in city competitiveness assessed by Japanese Institute

Seoul's urban competitiveness rebounded after five years, ranking seventh in the world. It was due to the fact that the ranking of the economy categ...

S.Korea’s IPO market sours as Kurly postpones listing

South Korea’s initial public offering market has soured as gourmet food delivery platform Kurly Inc. delayed its listing amid deteriorating in...

Korea proposes bigger tax breaks for chipmakers, key industries

The South Korean government plans to raise tax breaks for facility investments by big companies, including chipmakers, to as much as 25% following P...

Celltrion's Remsima receives approval in 100 countries in 10 years

South Korea's most valuable biopharmaceutical company Celltrion Inc. said on Tuesday that its antibody biosimilar Remsima (ingredient: infliximab) h...

Doosan Corp. starts building flexible copper-clad layer plant

South Korea's Doosan Corp. is expanding its production line for flexible cooper-clad layers (FCCL) to boost competitiveness in electronic materials ...

Naver D2SF makes follow-up investment in fashion startup Onthelook

Naver D2SF, Naver Corp.'s startup investment arm, made a follow-up investment in fashion content startup Onthelook.The company said on Wednesday tha...

Hanwha revs up to acquire STX Heavy Industries, following DSME purchase

Hanwha Corp. is revving up to acquire STX Heavy Industries, which provides parts and technical support for marine engines, shipbuilding equipment, a...

Hyundai Motor hits 15 mn vehicle sales milestone in US

South Korea’s auto giant Hyundai Motor Co.'s cumulative sales in the US surpassed 15 million units since entering the market in 1986, the comp...

Mom's Touch opens 2nd restaurant in Bangkok

South Korea's F&B franchise Mom's Touch announced on Wednesday that it has opened its second store "K Chimaek" in Bangkok, Thailand.Chimaek, a c...

KKR to buy 100% stake in SK E&S' Busan City Gas for $561 mn

Private equity giant KKR & Co. is slated to buy a 100% stake in Busan City Gas Co., wholly owned by South Korean energy company SK E&S Co., ...

S.Korean Airlines increase flights in anticipation of travel boom

South Korean airlines launched extensive marketing activities such as increasing international flights and giving free tickets in preparation for mo...

S.Korea's Bespin Global, Daewoo E&C sign smart city deal with Aussie company

South Korea's cloud management company Bespin Global on Wednesday said its subsidiary Bespin Global Vietnam formed a strategic partnership with Daew...

LG Energy, GM to inject another $275 mn in Tennessee plant

South Korean battery maker LG Energy Solution Ltd. and General Motors Co. plan to inject an additional $275 million in a US electric vehicle battery...

Korea won near 5-mth high as Powell signals slower hikes

The South Korean won currency hit a near 5-month high on Thursday as US Federal Reserve Chairman Jerome Powell suggested a slowdown in its tightenin...

KT conducts reshuffle ahead of launching South Korea's top OTT service

Korea's telecom giant KT Corp. has reshuffled its media business units ahead of the pending absorption of its over-the-top (OTT) video platform Se...

Biden hails SK Siltron’s investment in Michigan as 'game changer'

BAY CITY, Michigan – For the first time since taking office, United States President Joe Biden toured a US subsidiary of South Korean conglome...

Vuno's AI-powered fundus reading solution approved for sale in Taiwan

Vuno Inc., a South Korean artificial intelligence-powered medical solutions provider, said on Tuesday that Vuno Med-Fundus AI has received marketing...

HanmiGlobal lands series of orders from Saudi's Neom city project

HanmiGlobal Co. on Monday said it has earned contracts for the construction and development of Neom, the urban development project seeking to build ...

South Korea aims to build world’s 6th inland base in the Antarctic 

The South Korean government announced on Monday that it will build the world’s sixth inland base in the Antarctic by 2030. The Ministry o...

Hyundai’s Genesis G90 named MotorTrend’s 2023 Car of the Year

Hyundai Motor Co.'s G90, a flagship sedan under the South Korean automaker’s premium sub-brand Genesis, has been named the 2023 Car of the Yea...

LG CNS to design smart city system for Indonesia's new capital

South Korea's LG CNS will provide a smart city design for Indonesia's new capital of Nusantara. The company on Tuesday said it signed the day before...

Sale of Korean dental scanner maker Medit fails

The sale of South Korea's dental scanner manufacturer Medit will undergo a reset as the preferred bidder, a consortium led by GS Holdings and the US...

SK Nexilis bolsters ties with Polish, Korean cities for sustainable growth

South Korean copper foil producer SK Nexilis Co. on Nov. 7 signed an MOU with the authorities of two cities — Jeongeup, Korea, and Stalowa Wol...