Kakao Games reports sharp drop in Q2 operating profit

Kakao Games Corp., a game publishing unit of South Korean tech giant Kakao Corp., reported a sharp decline in second-quarter earnings on Wednesday d...

Coupang posts 1st quarterly loss in two years; revenue soars

Coupang Inc., South Korea's e-commerce behemoth, posted its first quarterly loss in two years after booking the hefty fine imposed in relation to it...

Hyundai Motor mulls connected car partnership with Google

Hyundai Motor Group is accelerating its efforts to join hands with global tech companies to advance its future mobility technologies ranging from au...

MLOps startup Vessl AI eyes 50% sales from US in 2025

Vessl AI, a South Korea-native MLOps platform-operating startup, is envisioning a takeoff in the US next year after building a concrete client base ...

South Korean stock market crashes; more falls seen ahead

The South Korean stock market was one of the worst victims of panic selling by investors fearing further negative US economic news on Monday, with t...

Slowing economy creates opportunity for S. Korean used car sellers

South Korea’s used car sellers hope to take advantage of the slowing economic growth at home and abroad to expand their market shares.Lotte Re...

Korean cosmetics, Amazon Prime Day’s top beauty products

South Korean cosmetics were top picks among beauty products of Amazon Prime members during the global leading e-commerce platform’s largest an...

IONIQ 5 N selected as official car of Fuji Speedway Circuit

Hyundai Motor Co. announced that its high-performance electric vehicle (EV) the IONIQ 5 N was selected as the official car of Japan's Fuji Speedwa...

South Korea’s Inflation reaccelerates in July

South Korea’s headline inflation picked up at a stronger-than-expected pace in July, reaccelerating due to higher prices for agricultural and ...

S.Korea’s July household debt grows at fastest pace in over 3 years

South Korea’s household debt is expanding at the fastest pace in over three years, clouding growth in Asia’s fourth-largest economy and ...

Lotte Rental establishes UAE subsidiary

South Korea's Lotte Rental Co. said on Thursday that it established an overseas subsidiary in Dubai, United Arab Emirates (UAE), to boost the expo...

Woori Financial Group relaunches brokerage arm

Woori Financial Group has returned to South Korea’s brokerage service market after a decade with the launch on Thursday of Woori Investment &a...

Central Asia emerging as South Korea’s new used car export market

South Korea’s export volume of secondhand vehicles to Central Asia is increasing for an unexpected reason: Russia.According to the Korea Inter...

Mercedes-Benz ranked first in KSQI imported car dealership

Mercedes-Benz Korea announced on Wednesday that it has ranked first in the imported car dealership category for the 10th consecutive year in the 202...

Samsung SDI’s Q2 profit drops on sluggish European EV sales

Samsung SDI Co., the world’s sixth-largest electric vehicle battery maker, saw its second-quarter operating profit plunge from the year-earlie...

Lotte India, Havmor to merge to raise $722.4 mn in sales

South Korean confectionery giant Lotte Wellfood Co. will merge its Indian subsidiaries — Lotte India Co. and Havmor Ice Cream Pvt — to b...

Korean treasury yields fall to lowest level in over 2 years

South Korea’s treasury bond yields fell to their lowest points in more than two years, slipping below the 3% level for the first time since Ap...

Samsung, LG bet big on gaming monitors on esports boom

South Korea’s electronics giants Samsung Electronics Co. and LG Electronics Inc. are gearing up for a fierce battle in the gaming monitor mark...

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...

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 ...

Sapien Semiconductors looks to overtake Novatek in MicroLED DDI chips

South Korea’s Sapien Semiconductors Inc. is a lesser-known startup outside of the chip industry. However, it is a little giant in the fabless ...

Kia posts highest-ever profit margin, double Tesla's

Kia Corp., South Korea’s No. 2 carmaker, on Friday posted its highest-ever operating profit margin of 13.2% in the second quarter, more than d...

Seoul prime office deals at 10-year low on rate uncertainty

Prime office transactions in Seoul hit a 10-year low in the second quarter due to delayed fundraising amid uncertainties of the central bank’s...

LG Display cuts vendors’ stakes, axes jobs for turnaround

LG Display Co., the world’s top manufacturer of large-size organic light-emitting diode (OLED) panels, reduced stakes in its vendors while cut...

LG Uplus to feature in-car games to Kia EV3

South Korea's LG Uplus Corp. said on Wednesday that it will offer its web-based in-car game service Game Portal in Kia Corp's electric vehicle (EV) ...

Naver launches Saudi digital twin project for smart cities

South Korean internet giant Naver Corp. and the Saudi Arabian government have started a five-year project to build digital twin platforms for Riyadh...

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 ...

LG Innotek to foster car communication parts business with digital key

South Korea’s LG Innotek Co. aims to accelerate growth in the global auto communication parts market with a new digital car key as its parent ...

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...

K-content powerhouse’s YouTube channels disrupted by hacks

The YouTube channels of South Korean entertainment powerhouse CJ ENM Co.'s units, with more than 8 million subscribers, were disrupted for 14 hours ...