Hyundai Motor wins Newsweek World’s Greatest Auto Disruptors Awards

Hyundai Motor wins Newsweek World’s Greatest Auto Disruptors Awards

Hyundai Motor Group announced on Wednesday that it won two categories at the "World's Greatest Auto Disruptors 2023" awards ceremony by Newsweek, a ...

NongHyup opens office in Vietnam to strengthen K-food exports

NongHyup opens office in Vietnam to strengthen K-food exports

South Korea's NongHyup, or the National Agricultural Cooperative Federation, announced on Wednesday that it has opened an office in Vietnam with pla...

Shinhan Financial, KOSME to support startups for expanding Japanese market

Shinhan Financial, KOSME to support startups for expanding Japanese market

Shinhan Financial Group announced on Wednesday that it has partnered with the Korea SMEs and Startups Agency (KOSME) to support Korean startups' ent...

KG Mobility focuses on electric vehicle platform, self-driving tech

KG Mobility focuses on electric vehicle platform, self-driving tech

South Korea's KG Mobility (formerly Ssangyong Motor Co.) says it will actively target not only Europe and the US but also niche markets in emerging ...

LS Electric wins order $94 mn for energy storage system in UK

LS Electric wins order $94 mn for energy storage system in UK

LS Electric Co. announced on Tuesday that it has secured a contract for a £73.6 million ($93.5 million) energy storage system (ESS) project in...

Maeil cracks China’s alternative milk market with Starbucks deal

Maeil  cracks China’s alternative milk market with Starbucks deal

South Korea’s Maeil Dairies Co. has jumped into China’s alternative milk market, worth $17 billion in 2022, by supplying Almond Breeze B...

Kurly seeks fresh funding at half its peak valuation

Kurly seeks fresh funding at half its peak valuation

Kurly Inc., South Korea’s leading food delivery platform, has embarked on a new funding round to raise 100 billion won ($76 million) at about ...

LG Energy tops global EV battery market excluding China

LG Energy tops global EV battery market excluding China

South Korea's LG Energy Solution Ltd. in January and February maintained its No. 1 position on the global market for electric vehicle (EV) batteries...

Innocean's subsidiary D&G opens Brooklyn office

Innocean's subsidiary D&G opens Brooklyn office

Innocean, a Hyundai Motor Group-affiliated advertising agency, announced on Monday that it has opened a Brooklyn office of creative subsidiary David...

Doosan, Ionic Materials collaborate in liquid crystal polymer

Doosan, Ionic Materials collaborate in liquid crystal polymer

Doosan Corp., the holding company of South Korea's Doosan Group, said on Monday that it has entered a joint development agreement (JDA) with US-base...

KG Mobility expands into Southeast Asia with Futa Group partnership

KG Mobility expands into Southeast Asia with Futa Group partnership

KG Mobility, previously known as Ssangyong Motor Co., announced on Friday its alliance with Vietnam's Kim Long Motor, a subsidiary of the Futa Group...

VIP Asset’s new mutual fund to forgo operating fees if it posts losses

VIP Asset’s new mutual fund to forgo operating fees if it posts losses

VIP Asset Management Co., a leading South Korean asset manager, said on Friday it is launching a new mutual fund, and its managers won’t take ...

Hyundai Mipo wins $184 mn order four mid-sized PC carriers

Hyundai Mipo wins $184 mn order four mid-sized PC carriers

Hyundai Mipo Dockyard Co., a subsidiary of HD Hyundai Group's shipbuilding division, has secured a construction contract for four medium-sized PC (p...

CJ Haechandle Gochujang acquires Europe's V-Label

CJ Haechandle Gochujang acquires Europe's V-Label

CJ CheilJedang Corp.'s flagship fermented food brand Haechandle Gochujang (hot pepper paste) is set to expand into the global market, backed by its ...

Rolex resale prices tumble as the wealthy young tighten belts

Rolex resale prices tumble as the wealthy young tighten belts

The most sought-after luxury items such as Rolex watches and Chanel bags are selling at a much lower premium, or even below their original prices in...

Hugel names ex-CEO of LG Household & Health Care as chairman

Hugel names ex-CEO of LG Household & Health Care as chairman

South Korea's biopharmaceutical company Hugel Inc. on Friday said it appointed Cha Suk-yong, former CEO and vice chairman of LG Household & Heal...

Lotte Shopping: Resurrected in Indonesia after death in China

Lotte Shopping: Resurrected in Indonesia after death in China

JAKARTA – On a hot spring day in March, Lotte Mart’s Gandaria City Mall hypermarket was as bustling with shopping Indonesians as usual.I...

Hyundai debuts possible final Sonata, Tesla joins 1st time: Seoul auto show

Hyundai debuts possible final Sonata, Tesla joins 1st time: Seoul auto show

Hyundai Motor Co. may consider discontinuing its steady seller Sonata sedan after the latest edition's release, the company’s chief hinted at ...

Budget Galaxy A34 5G to be released in domestic market

Budget Galaxy A34 5G to be released in domestic market

Samsung Electronics Co. announced on Thursday that it will release the budget smartphone Galaxy A34 5G in the domestic market starting tomorrow.The ...

Hanwha Life acquires Indonesia's Lippo General Insurance

Hanwha Life acquires Indonesia's Lippo General Insurance

South Korea's Hanwha Life Insurance said on Thursday that it has acquired a 62.6% stake in Indonesian insurer Lippo General Insurance, in collaborat...

SGI Insurance signs MOU with IADB to revitalize guarantee insurance

SGI Insurance signs MOU with IADB to revitalize guarantee insurance

Seoul Guarantee Insurance Company (SGI) announced on Wednesday that it had entered into a memorandum of understanding with the Inter-American Develo...

LX Hausys partners with Belgian firm for premium window market

LX Hausys partners with Belgian firm for premium window market

South Korean company LX Hausys, specializing in building materials and interior products, has signed a strategic partnership agreement for aluminium...

LG Innotek unveils new 5G communication module for self-driving cars

LG Innotek unveils new 5G communication module for self-driving cars

South Korea’s LG Innotek Co. on Wednesday unveiled its second-generation 5G communication module for use in autonomous driving cars.Based on Q...

S.Korea's microneedle maker Raphas to enter US market

S.Korea's microneedle maker Raphas to enter US market

South Korea's microneedle maker Raphas Co. is expediting its entry into the American pharmaceutical market after entering the country's cosmetics se...

Samsung's Lee visits growth driver MLCC China plant

Samsung's Lee visits growth driver MLCC China plant

Samsung Electronics Co. Chairman Jay Y. Lee has chosen Samsung Electro-Mechanics Co.'s new multi-layer ceramic capacitor (MLCC) plant in Tianjin as ...

Korean research team develops AI chip to cut power use

Korean research team develops AI chip to cut power use

South Korean scientists have developed a chip that needs less electricity for advanced efficiency and data processing to help the country’s se...

S.Korea to benefit from rising global defense spending

S.Korea to benefit from rising global defense spending

South Korea is expected to log another year of record defense exports in 2023 thanks to growing military budgets across the world as local major arm...

S.Korea's Amorepacific opens new space in metaverse

S.Korea's Amorepacific opens new space in metaverse

Amidst the accelerated entry of fashion and beauty brands into the metaverse to seize future opportunities, Amorepacific Corp. has also joined the b...

KT Cloud, DigitalBridge join hands for data center biz in Korea

KT Cloud, DigitalBridge join hands for data center biz in Korea

KT Cloud Co., the cloud computing unit under South Korea’s second-largest mobile carrier KT Corp., and US infrastructure investment firm Digit...

Cowell Fashion acquires Superdry’s Asia-Pacific IP rights for $50 mn

Cowell Fashion acquires Superdry’s Asia-Pacific IP rights for $50 mn

South Korea's innerwear company Cowell Fashion Co. has acquired the Asian rights to the British fashion brand Superdry for $50 million and plans to ...

HYBE Chair Bang referred to prosecutors over alleged unfair trading Vietnam’s top leader to make 1st South Korea visit in 11 years Test case looms for Korea’s revised Commercial Act as VIP Asset challenges Lotte Rental’s rights issue to Affinity HYBE sparks summer vibes with BTS live album, TXT comeback, new boy band launch K-beauty contract manufacturers see record Q2 profits; rally likely to continue