Hyundai launches fully revamped Grandeur; pre-orders jump

South Korean automaker Hyundai Motor Co. has unveiled a new Grandeur sedan – the first fully revamped model in six years – to strengthen...

Pulmuone to double pasta production in China by expanding plant

South Korea's food giant Pulmuone on Monday said it will boost production of pasta-based convenience food in China by expanding its first plant in P...

SK Nexilis develops copper foil for cylindrical batteries

South Korea's SK Nexilis, a maker of copper foil for secondary cells under SKC Inc., has achieved a world first with its development of a highly elo...

LG Energy Solution diversifies supply chains to respond to US IRA

LG Energy Solution Ltd. has made a preemptive response to the Inflation Reduction Act of the US by securing the supply of lithium carbonate, a key m...

Korea's Lotte Mart and Lotte Super combine product sourcing

South Korea's Lotte Mart and Lotte Super will break away from the formats of hyper- and supermarkets and jointly raise the competitiveness of grocer...

Korea's SK E&S to produce 30,000 tons of liquid hydrogen per year

SK E&S, the energy affiliate of SK Group, from next year will start domestic output and distribution of up to 30,000 tons of liquid hydrogen ann...

NCSOFT invests $15 million in blockchain company Mysten Labs

NCSOFT Corp., which announced early this year plans to install non-fungible token (NFT) technology in the global version of its online role-playing ...

SK Telesys merges with SK Solmics, both wholly owned subsidiaries of SKC

SK Solmics Co., a wholly owned subsidiary of SKC Inc., is poised to merge with SK Telesys Co. on February 1 of next year, according to regulatory fi...

Hanwha E&C to expand offshore wind power business

South Korea's Hanwha Engineering and Construction (E&C) on Tuesday concluded a business agreement on joint development of offshore wind power in...

Internet giant Naver to introduce same-hour delivery by year’s end 

South Korea’s internet giant Naver Corp. plans to introduce same-hour delivery service by year’s end. Naver CEO Choi Soo-yeon ann...

Doosan Enerbility to supply offshore wind substructures to Orsted

South Korea’s leading power plant builder Doosan Enerbility Co. said on Thursday that its Vietnamese subsidiary has signed an agreement to pro...

SK On may secure money for capex from parent company

SK On Co., the world’s fifth-largest electric battery maker, may receive money for capacity expansion from its parent company SK Innovation Co...

TPG to sell off Korean luxury tile firm Nox's parent for $421 mn

US alternative investment manager TPG Inc. is poised to sell a 65% stake in South Korea’s Moleem Corp., the parent of global leading luxury vi...

SK Chair Chey advises startups to address social issues for viability

In an event that marked the 10-year anniversary of startup accelerator SparkLabs, South Korean business magnate Chey Tae-won said now is the time fo...

Samsung Elec's brand value rises to $87.7 billion

Samsung Electronics' brand value has broken the $80 billion mark. Korea's flagship company saw such value grow in double digits for the second ...

Select Korean companies seek to raise cash reserves

Several corporations have recently sold stocks and real estate apparently to boost liquidity and repay maturing debts amid the "three high" era of h...

Dongwon Industries reborn as holdings company after 53 years

Korea's seafood giant Dongwon Industries on Wednesday said its completed merger with Dongwon Enterprise has given their parent Dongwon Group a new h...

SK Biopharmaceuticals to make CES debut in January

SK Biopharmaceuticals will take part in CES 2023, the world's largest trade show for IT and electronics held in Las Vegas, to unveil its medical dev...

Korea's POSCO gets greener via integrated CO2-free brand

Korea's POSCO has introduced the integrated brand Greenate to symbolize the commitment of the nation's top steelmaker to achieve carbon neutrality b...

Korea's SK Chemicals to make chemically recycled food containers

South Korea's SK Chemicals on Tuesday said it has joined forces with Poolinglim P&P to make the nation's first food containers using chemically ...

Korea's underwear giant BYC asked to open accounting books

Insider trading without due process.This is what South Korea's Truston Asset Management, the No. 2 stakeholder of underwear giant BYC with 8.13%, ha...

Meritz Securities posts positive third-quarter earnings surprise

Meritz Securities saw net profit rise 14% in the third quarter in stark contrast to other brokerages suffering from earning shocks due to the stock ...

Conglomerates cancel commercial events following Itaewon crowd crush

South Korean conglomerates are canceling promotional events through to the end of the year, following the tragic deaths of more than 150 people in t...

Germany’s MBraun, Korean university to co-work on solar cells: CEO

MBraun, an affiliate of Germany’s Indus Holdings AG, plans to invest 1 billion won ($702,000) in a South Korean university as part of a deal t...

KFCC eyes recession-resistant sectors like healthcare, necessities

The Korean Federation of Community Credit Cooperatives (KFCC) is eyeing certain sectors that create stable revenue streams such as healthcare, daily...

Korean EV charging startup to launch business in Indonesia

South Korea’s electric vehicle charging platform startup is set to make inroads into Indonesia, a prospective EV market with the world’s...

Korea's $35 bn plan yet to ease Legoland default woes

South Korea’s $35 billion rescue plan provided a temporary painkiller to the domestic bond markets rattled by Legoland Korea developer’s...

OCI to invest $40 million to expand US solar module production facilities

OCI Co., a leading South Korean solar power cell manufacturer, said on Monday it will invest $40 million to expand the solar cell module production ...

Keppel completes Korean waste treatment firm takeover for $530 mn

Singapore-based Keppel Infrastructure completed the acquisition of South Korea’s leading waste management company EMK Co. for 760 billion won ...

Medipost to expand CDMO business with 10 new clean rooms in Korea

Medipost Co, a South Korean biotechnology company, is expanding its cell and gene therapy contract development and manufacturing organization (CDMO)...