Hyundai gives advanced air mobility demo in Indonesia

Hyundai Motor Group on Monday unveiled its advanced air mobility (AAM) technology and demonstrated an AAM prototype aircraft, or a flying car, in In...

S-Oil halts fire-hit paraxylene plant, faces revenue loss

ULSAN, South Korea -- It looks inevitable that S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., will take a substantial revenue hit from...

F&F to expand Discovery brand across Asia

F&F Co., a South Korean clothing company, said on Monday it signed an exclusive deal with Warner Bros. Discovery (WBD) to bring the outdoor bran...

Colosseum poised for next leap with global expansion drive

Colosseum Corporation Inc., a fulfillment startup based in South Korea, has set its sights on global conquest with its nationwide and international ...

Korean soju makers likely to log strong quarterly profit

HiteJinro Co., South Korea’s leading soju maker, will likely post its best-ever quarterly profit in the second quarter as the clear distilled ...

Hyundai Mobis lighting system wins triple crown of design awards

South Korea's auto parts maker Hyundai Mobis announced on Sunday that its Active Aero Lighting System (AALS) has received awards at the world's thre...

Korean shipbuilding shares surge on supercycle hope, Trump Trade

South Korea’s Big Three shipbuilders, also the world’s three largest, stand to benefit from the emerging industry supercycle and the so-...

S.Korea relinquishes control to China in smaller OLED market

LG Display Co. and Samsung Display Co. lost ground to their Chinese rivals in the global small and mid-sized organic light-emitting diode (OLED) pan...

E-Mart’s No Brand success story: A Korean snack chain goes global

When South Korean convenience store operator E-Mart Inc. launched its low-budget house label No Brand in 2015, few thought it would last long.Under ...

Kumho Tire holds Latin American dealer convention

South Korea's Kumho Tire Co. announced on Friday that it held the Kumho Dealer Convention event from July 20 to 22 in Sao Paulo, Brazil, inviting ab...

Kolmar Korea, Sensient Beauty to co-develop pigments

Kolmar Korea, a supplier to global cosmetics brands such as Estee Lauder, announced on Friday that it signed a memorandum of understanding (MOU) wit...

China is LG H&H’s headache amid global K-beauty boom

South Korean cosmetics giant LG H&H Co. has yet to benefit from the global K-beauty boom due to its heavy dependence on China, the world’s...

Hanwha Ocean wins $332 mn ship order from S.Korean Navy

South Korea's Hanwha Ocean Co. announced on Thursday that it was selected as the preferred bidder for the second auxiliary oiler replenishment (AOE)...

South Korea’s Economy Slowed Sharply in Second Quarter

South Korea’s economy slowed at a sharper-than-expected pace in the second quarter on sluggish private consumption and weak business investmen...

Lotte Wellfood expands dairy exports to Vietnam

South Korea's Lotte Wellfood Co. announced on Thursday that it will increase dairy exports to the Vietnamese market.The products newly exported to V...

S.Korea's refining industry sees record export of 245.3 mn barrels

South Korea's four major oil refiners—SK Energy, GS Caltex, S-Oil Corp., and HD Hyundai Oilbank—achieved a record high in petroleum pr...

Hyundai, Kia to hike prices of low-cost EVs for profitability

Hyundai Motor Group, the world’s third-largest carmaker, plans to increase prices of the existing low-cost electric vehicles in the second hal...

Samsung tipped to supply HBM3 to Nvidia for Chinese market

Samsung Electronics Co. has passed Nvidia Corp.’s qualification tests for its fourth-generation high-bandwidth memory, or HBM3 chips, for use ...

Qoo10’s Korean units delay seller payments amid expansions

Southeast Asia-based e-commerce platform Qoo10 Pte.’s units in South Korea delayed seller payments as industry sources said the online shoppin...

Lotte Tour to operate cruise to Hong Kong

South Korea's Lotte Tour Development Co. announced on Tuesday that it signed a charter agreement with global cruise line Costa Cruises to operate a ...

Hyundai eyes Japan’s commercial EV market in e-bus deal with Iwasaki

South Korean top automaker Hyundai Motor Co. said on Tuesday it is supplying its all-electric Elec City Town buses to Iwasaki Group, effectively ent...

S.Korea's Rebellions secures investment from Aramco

Rebellions Inc., a South Korean artificial intelligence chip design startup, announced on Tuesday that it secured investment from Saudi Arabia's sta...

High power bills drive Korean manufacturers out of country

South Korean manufacturers are increasingly moving abroad as the country's electricity bills are hovering about 30% higher than those of major eco...

Kakao Mobility launches overseas car rental service

South Korean mobility platform Kakao Mobility said on Monday that it launched an overseas car rental service accessible through its Kakao T app.The ...

Nongshim to build smart farm in Saudi Arabia

South Korea's food and beverage giant Nongshim Co. announced on Tuesday that it was selected as a participant in the Smart Farm Export Promotion Pro...

Kia overtakes Hyundai in US EV market driven by SUVs

Kia Corp., South Korea’s No. 2 carmaker after sister company Hyundai Motor Co., is racing ahead in the sports utility vehicle (SUV) and electr...

CJ CheilJedang to open Bibigo Market in Paris

South Korea's CJ CheilJedang Corp. announced on Monday that it will open Bibigo Market at the Korea House operated in Paris during the Olympics to p...

Hanwha Ocean qualifies to compete for US Navy MRO

South Korea's Hanwha Ocean Co. announced on Monday that it signed a Ship Maintenance Relations Agreement (MSRA) with the US Navy. It got the right t...

Young Korean investors choose monthly dividend ETFs over crypto

For decades, investments in financial products that promise decent dividend payouts such as high-dividend stocks have been associated with elderly i...

Lotte Rental to service Vietnam's individual long-term rental

Lotte Rental Co., South Korea's largest car rental firm, announced on Monday that it will enter Vietnam's individual long-term car rental market in ...