KSOE wins order $171 mn for two crude oil carriers

Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding intermediate holding company of South Korea's HD Hyundai Group, announced on Th...

Samsung Electronics opens 3rd C-Lab Outside regional hub

Samsung Electronics Co. on Thursday opened the third regional center of its C-Lab Outside, a corporate partnership program to nurture local startups...

S.Korea's airlines boosting staff amid recovering demand for overseas travel

South Korea's airlines are opening their hiring doors wide open with the resumption of international flights amid demand for overseas travel recover...

Koreans’ love for EcoPro stock may jeopardize short-sellers

South Korean individual investors have been chasing shares in EcoPro group, the country’s major electric vehicle battery materials manufacture...

LG shares soar as UK asset manager Silchester raises stake

LG Corp., the holding firm of South Korea’s fourth-largest conglomerate LG Group, saw its share price soar in the local market on Wednesday as...

HMM reduces CO2 emission more than half in last 10 years

South Korea's No. 1 container line HMM Co. announced on Wednesday that it has achieved a remarkable 57.7% reduction in carbon dioxide emissions duri...

LG Chem, Hanyang Univ. open industry-academic center for battery materials

South Korea's LG Chem Ltd. on Wednesday said it signed a memorandum of understanding with Hanyang University on industry-academic cooperation in bat...

Number of Netflix users in S. Korea drops 30% in a year

The number of Netflix users in South Korea has decreased by more than 30% in the past year since the recovery from COVID-19. According to Byun Jae-...

LG Electronics rolls out third-generation Cloi ServeBot

LG Electronics Inc. has rolled out a new serving robot that easily serves soup, boosting the device's performance and customer convenience. The com...

What’s the next K-sensation after rise of 60-year-old K-ramen?  

It was not easy for latecomer Samyang Foods Co. to come up with a recipe for its own instant ramen noodle 60 years ago when Japanese rival Nissin ...

KCCI, JCCI hold a working level meeting in six years

Business representatives from South Korea and Japan gathered for the first time in six years, with the Korea Chamber of Commerce and Industry (KCC...

Rebellions CEO aims to outrival Qualcomm within a decade

Artificial intelligence is the talk of the tech world, particularly with the rise of the worldwide sensation OpenAI’s ChatGPT, the generative ...

BOK to hold rate on Tuesday as inflation, growth ease

South Korea’s central bank was widely expected to leave its policy interest rate unchanged this week as inflation slows amid fears of a recess...

Super-rich Koreans eye return to stocks despite weaker economy

The super-rich in South Korea are eyeing stocks for investments despite a slowdown in Asia’s fourth-largest economy this year, expecting the l...

LG tops in market cap gain, beating Samsung, SK, Hyundai Motor

The total market value of companies under South Korea’s fourth-largest business group LG increased the most in a year, beating out its bigger ...

Samsung's Neo QLED 8K wins critical acclaim in US, UK

Samsung Electronics Co. announced on Sunday that its recently released the 2023 Neo QLED TV has received high praise from major professional media...

Hankook Tire's iON evo tops Auto Bild's electric car tire test

Korean tire manufacturer Hankook Tire & Technology announced on Friday that its electric vehicle-dedicated high-performance tire, the iON evo, h...

Paris Baguette to showcase at London Franchise Show 2023

Paris Baguette, the bakery franchise owned by South Korea's SPC Group, said on Friday that it will participate in the London International Franchise...

Verismo's CAR-T therapy designated fast-track status by FDA

Verismo Therapeutics, a US affiliate of South Korean pharmaceutical firm HLB Co., has received fast-track designation from the US Food and Drug Admi...

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 ...

Korean shipbuilders yield No.1 spot to Chinese rivals in March

Korean shipbuilders were outstripped by China in shipbuilding orders and backlogs last month, according to UK-based shipping industry specialist Cla...

Falling freight rates set to boost LG, Hyundai’s earnings

The significant fall in seaborne freight rates of late is expected to boost earnings prospects for South Korea’s major companies, benefitting ...

South Korea groans under snowballing national liabilities

South Korea’s liabilities ballooned last year following heavy fiscal spending related to the COVID-19 pandemic to buttress growth in Asia...

S.Korea plans to launch its own version of NASA this year

South Korea's Cabinet on Tuesday passed a bill on the launch this year of the nation's own version of the US National Aeronautics and Space Administ...

Management dispute over S.Korea’s CTC Bio heats up

A management dispute over a South Korean pharmaceutical maker CTC Bio Inc. specializing in animal drugs is intensifying as another medical company h...

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...

S.Korea to invest $24 mn in fostering future car industry workforce

South Korea will invest 31.5 billion won ($23.96 million) this year to train over 3,700 core personnel in future car technologies, including autonom...

Hyundai’s Chung urges US operations to double down after record Q1

Hyundai Motor Group Chairman Chung Euisun on Tuesday urged its US operations to work harder after its two automaking units, Hyundai Motor Co. and Ki...

Samsung Elec to invest $3.1 bn in S.Korean OLED plant

Samsung Electronics Co., the world’s largest smartphone maker, is set to spend 4.1 trillion won ($3.1 billion) on a new organic light-emitting...

Mom's Touch signs franchise agreement with Mongolian firm

South Korean homegrown burger and chicken brand Mom's Touch & Co. announced on Tuesday that it has signed a master franchise agreement with loca...