S.Korea signs MOU on Philippine nuclear safety checks, eyes plant deals

S.Korea signs MOU on Philippine nuclear safety checks, eyes plant deals

MANILA – South Korea on Monday signed an initial agreement with the Philippines to conduct a safety check on a nuclear power plant before a re...

Samsung's Lee inspects MLCC plant in Philippines as it eyes turnaround

Samsung's Lee inspects MLCC plant in Philippines as it eyes turnaround

Samsung Group Chairman Jay Y. Lee on Sunday inspected Samsung Electro-Mechanics Co.’s production facilities for multilayer ceramic capacitors ...

Hanwha Securities buys 5.4% stake in Edinburgh Airport

Hanwha Securities buys 5.4% stake in Edinburgh Airport

Hanwha Investment & Securities said on Monday that it acquired a stake in Edinburgh Airport in Scotland.Edinburgh Airport is jointly owned by Gl...

Hyundai Motor Group’s software unit launches cybersecurity division

Hyundai Motor Group’s software unit launches cybersecurity division

Hyundai AutoEver Corp., Hyundai Motor Group’s software unit, is set to boost its automotive cybersecurity business by launching a new division...

Mirae Asset Securities builds AI-based stock analysis system

Mirae Asset Securities builds AI-based stock analysis system

South Korea's Mirae Asset Securities Co. said on Monday that it has established an AI Market Assistant system, in which artificial intelligence (AI)...

Kia to sweep top three spots in Korea car sales on SUV, hybrid boom

Kia to sweep top three spots in Korea car sales on SUV, hybrid boom

Kia Corp., South Korea’s No. 2 automaker, is poised to claim the top three spots on the country’s best-selling car list this year thanks...

Nongshim opens K-Ramyun supermarket in Myeongdong

Nongshim opens K-Ramyun supermarket in Myeongdong

South Korean food and beverage giant Nongshim Co. said on Monday that it opened a Korean-style ramyun experience store K-Ramen Supermarket with the ...

CU, GS25 in fierce race for top spot in Korea’s convenience store market

CU, GS25 in fierce race for top spot in Korea’s convenience store market

Using multiple measures, CU and GS25 both claim they are the No. 1 player in South Korea’s convenience store (CV) market.CU, operated by BGF R...

Two out of 5 CEOs hold negative views on Korean startup scene

Two out of 5 CEOs hold negative views on Korean startup scene

Nearly half of South Korean startups hold negative views on the country’s startup ecosystem, citing the prolonged startup funding winter and t...

UBS retains top position on Korea’s M&A advisor list after Ecorbit deal

UBS retains top position on Korea’s M&A advisor list after Ecorbit deal

UBS Group AG remained on the top of the South Korean merger and acquisition (M&A) advisory market as of the end of the third quarter after addin...

Suwon Hwaseong Cultural Festival to be promoted as global event

Suwon Hwaseong Cultural Festival to be promoted as global event

The South Korean Ministry of Culture, Sports, and Tourism said that the Suwon Hwaseong Cultural Festival, recently chosen as a Korea Representativ...

KAI, Hanwha Systems to collaborate on special operations helicopter

KAI, Hanwha Systems to collaborate on special operations helicopter

Korea Aerospace Industries Ltd. (KAI), South Korea’s sole military aircraft manufacturer, said on Thursday it signed an exclusive memorandum o...

Naver to upgrade Korean map service for foreigners

Naver to upgrade Korean map service for foreigners

South Korean online giant Naver Corp. is set to upgrade its digital map service for foreigners to attract more global users as the domestic market g...

LG Chem develops material blocking battery thermal runaway

LG Chem develops material blocking battery thermal runaway

LG Chem Ltd. has developed a material that can prevent thermal runaway in a lithium-ion battery, one of the major hurdles to the expansion of the el...

Korea’s finance min, central bank chief to take on demographic crisis

Korea’s finance min, central bank chief to take on demographic crisis

South Korea’s finance minister and central bank chief on Monday agreed to address the world’s lowest fertility rate, a most urgent task ...

Sambark LFT rebranded as Lotte Engineering Plastics

Sambark LFT rebranded as Lotte Engineering Plastics

Sambark LFT Co., a plastic materials producing unit of Lotte Chemical Corp., has changed its name to Lotte Engineering Plastics Co., the company sai...

Wealthy Koreans look to Indian equities as 'next China' investment

Wealthy Koreans look to Indian equities as 'next China' investment

First, it was the US that attracted many South Korean investors looking for higher returns.And then came China, which ensnared Korean retail investo...

Naver to retire $306 mn shares, but stock remains weak

Naver to retire $306 mn shares, but stock remains weak

South Korea’s leading internet portal operator Naver Corp. will buy back and retire about 400 billion won ($306 million) worth of shares by th...

Vinyl renaissance in Korea holds steady with diverse music tastes

Vinyl renaissance in Korea holds steady with diverse music tastes

Within just two hours of the opening of the 13th Seoul Record Fair last Saturday, the waitlist for new LP records reached 1,500. There were 20 new r...

Seoul rejects Elliott’s $20 mn claim against Samsung C&T

Seoul rejects Elliott’s $20 mn claim against Samsung C&T

Elliott Investment Management Corp. has lost a case against Samsung C&T Corp. in seeking 26.7 billion won ($20.2 million) compensation in connec...

Loss-making Gmarket joins Shinsegae’s job cut spree

Loss-making Gmarket joins Shinsegae’s job cut spree

Gmarket Inc. will cut jobs for the first time since it was acquired by South Korea’s retail giant Shinsegae Group in 2021, joining the group&r...

Korea Investment to publish emerging market investment guidebook

Korea Investment to publish emerging market investment guidebook

Korea Investment Management Co. said on Friday that it will publish an Emerging Market Guidebook on September 30, which will contain investment stra...

Netmarble acquires ISO 45001 certification

Netmarble acquires ISO 45001 certification

Netmarble Corp. announced on Friday that it has become the first company in the Korean game industry to obtain the ISO 45001 certification for its s...

CJ OnStyle, Amazon support K-beauty to enter US market

CJ OnStyle, Amazon support K-beauty to enter US market

CJ Onstyle, the at-home TV shopping and e-commerce brand of South Korea’s content and commerce powerhouse CJ ENM Co., said on Thursday th...

Netmarble unveils teaser video for its new game ‘The King of Fighters’

Netmarble unveils teaser video for its new game ‘The King of Fighters’

Netmarble Corp. announced on Thursday that it premiered a teaser video for its new game “The King of Fighters (KOF) AFK” at the SNK boot...

Near Brain gives hope to millions of stroke patients worldwide

Near Brain gives hope to millions of stroke patients worldwide

Strokes are the second leading cause of death and the third leading cause of disabilities globally, according to the World Health Organization.To fi...

Korean cosmetics fly off shelves on Amazon, other e-commerce platforms

Korean cosmetics fly off shelves on Amazon, other e-commerce platforms

South Korean cosmetics are top picks among beauty products on Amazon.com and other global e-commerce platforms amid the growing popularity of K-beau...

Influencers wield greater marketing power in S.Korea

Influencers wield greater marketing power in S.Korea

Merch reliance on digital content creators for marketing is on the rise in South Korea, allowing some influencers to enjoy handsome earnings from em...

LG Energy Solution’s battery management business gains traction

LG Energy Solution’s battery management business gains traction

LG Energy Solution Ltd. has kicked off a battery management total solution (BMTS) business to offer automakers more advanced and comprehensive batte...

Hyundai Glovis, BYD seek strategic alliance on car exports

Hyundai Glovis, BYD seek strategic alliance on car exports

Hyundai Glovis Co. has inked a memorandum of understanding with China's No. 1 electric vehicle maker BYD Co. to form a strategic alliance on car tra...

Korea Investment & Securities, UBP seek private banking partnership Maru SF to open in Silicon Valley in November as Korean startup gateway Hanwha-owned burger chain Five Guys Korea up for sale two years after launch HYBE Chair Bang referred to prosecutors over alleged unfair trading Vietnam’s top leader to make 1st South Korea visit in 11 years