Korean wind power companies foresee tailwind from Taiwan, US

Korean wind power companies foresee tailwind from Taiwan, US

South Korean wind power companies such as SK oceanplant Co., HD Hyundai Electric Co. and CS Wind Corp. are expected to get a tailwind from Taiwan&rs...

Tata Daewoo triumphs in global market with 40% export surge

Tata Daewoo triumphs in global market with 40% export surge

South Korea's Tata Daewoo Commercial Vehicle Company (TDCV) achieved remarkable success last year by exporting 40% of its total sales, despite the g...

Samsung looks to beat Apple with AI phones

Samsung looks to beat Apple with AI phones

With the Galaxy S24, Samsung Electronics Co.'s new flagship smartphone series, searching for real-time information and translation on the phone will...

Daesang launches alternative sweetener brand Sweevero

Daesang launches alternative sweetener brand Sweevero

South Korean food company Daesang Corp. announced on Tuesday that it is launching the integrated brand "Sweevero" for alternative sweeteners like al...

Mojave Proving Ground: Backbone of Hyundai, Kia’s success in US

Mojave Proving Ground: Backbone of Hyundai, Kia’s success in US

CALIFORNIA CITY, Calif. – The Mojave Desert, known by locals as the "high desert," lies some 170 km northeast of Los Angeles, California. In t...

WeWork’s downsizing plan in Korea to hit office market

WeWork’s downsizing plan in Korea to hit office market

Coworking space provider WeWork Inc. plans to downsize its business in South Korea, according to banking sources on Sunday. Market watchers say inve...

Hyundai, Kia offer up to $7,500 discounts for EVs in US

Hyundai, Kia offer up to $7,500 discounts for EVs in US

Hyundai Motor Group., the No. 2 electric vehicle brand in the US, is offering discounts of up to $7,500 for their EVs in the country — the max...

LG Elec opens its first overseas EV charger plant in Texas

LG Elec opens its first overseas EV charger plant in Texas

South Korea’s LG Electronics Inc. has opened its first overseas EV charger factory in Fort Worth, Texas. The move comes as the global home app...

SK Networks invests $19 mn in AI startup Upstage

SK Networks invests $19 mn in AI startup Upstage

South Korea's SK Networks Co. announced on Friday that it has invested 25 billion won ($19.02 million) in the domestic artificial intelligence (AI...

SK Telecom considers adding LLM to iPhone recording app

SK Telecom considers adding LLM to iPhone recording app

LAS VEGAS -- SK Telecom Co. is considering adding a large language model (LLM) to its iPhone call-recording app for the first time in the industry, ...

Yonsei Cream Milk Bread to be launched in Taiwan

Yonsei Cream Milk Bread to be launched in Taiwan

Yonsei Milk, a non-profit social contribution company of South Korea's Yonsei University, announced on Friday that it will export its mega-hit des...

S.Korea ranks fourth in global mobile app market

S.Korea ranks fourth in global mobile app market

The size of the South Korean mobile app market has exceeded 10 trillion won ($761 million).Data.ai, an app market analysis platform, released the 20...

Korea's Cosmax strengthens business in Middle East, Africa

Korea's Cosmax strengthens business in Middle East, Africa

Cosmax Inc., South Korea's largest cosmetics manufacturer specializing in original design manufacturing (ODM), is embarking on a full-scale entry in...

Celltrion applies for interchangeability of Yuflyma in US

Celltrion applies for interchangeability of Yuflyma in US

South Korea's Celltrion Inc. announced on Wednesday that it has applied to the US Food and Drug Administration (FDA) for a modified approval to repl...

Korea's JLK targets AI-based stroke care market in US

Korea's JLK targets AI-based stroke care market in US

South Korea’s JLK Inc., an AI-based stroke care platform maker, will go all out to build its foothold in the US this year, aiming to lift its ...

Kobiolabs gets US patent for oral obesity drug candidate

Kobiolabs gets US patent for oral obesity drug candidate

Kobiolabs Co., a South Korean microbiome-based new drug development company, announced on Wednesday that it has a patent for Roseburia intestinalis ...

Daesang launches kimchi paste, spread for US, Europe

Daesang launches kimchi paste, spread for US, Europe

South Korea's Daesang Corp. announced on Wednesday that it has launched two new global products, "Do-it-yourself Kimchi Paste" and "Kimchi Spread."T...

Korean Air, Japan’s Yusen to co-work for SAF

Korean Air, Japan’s Yusen to co-work for SAF

Korean Air Lines Co. has recently partnered with Japan-based global logistics company Yusen Logistics for a cargo sustainable aviation fuel (SAF) ...

Krafton’s PUBG tops in global game market

Krafton’s PUBG tops in global game market

“PlayerUnknown’s Battlegrounds” (PUBG), South Korea’s game developing and publishing giant Krafton Inc. ’s mega-hit ga...

Disappointing LG Energy earnings dim outlook amid weak EVs

Disappointing LG Energy earnings dim outlook amid weak EVs

LG Energy Solution Ltd., the world’s second-largest battery maker, disappointed investors with quarterly earnings on the sluggish global elect...

Ssangyong E&C wins $57 million deal to build solar cell plant in Haiti

Ssangyong E&C wins $57 million deal to build solar cell plant in Haiti

South Korea’s Ssangyong Engineering & Construction Co. (Ssangyong E&C) said on Tuesday it has won a $57 million deal to build a 12-meg...

Qcells, Microsoft strike 12GW solar panel deal

Qcells, Microsoft strike 12GW solar panel deal

Hanwha Q Cells Co., a solar power unit of South Korea’s chemicals-to-defense conglomerate Hanwha Group also known as Qcells in overseas market...

DRAM prices to rise up to 18% in Q1 2024: report

DRAM prices to rise up to 18% in Q1 2024: report

Memory chip prices are poised for a significant jump in the first quarter of 2024, with mobile DRAM spearheading the increase, according to research...

IGIS taps managing director Oh Taesuk as infrastructure head

IGIS taps managing director Oh Taesuk as infrastructure head

IGIS Asset Management Co., a leading real estate firm in South Korea, said last week it has tapped Oh Taesuk, a real asset expert with more than 20 ...

H&Q, Aeneas PE put online retailer 11Street on the market

H&Q, Aeneas PE put online retailer 11Street on the market

H&Q Korea Partners and Hong Kong-based Aeneas Private Equity have put South Korea’s e-commerce platform 11Street Co. up for sale to recoup...

US tops Korea’s overseas construction orders in 2023

US tops Korea’s overseas construction orders in 2023

South Korea bagged more than $30 billion in overseas construction orders last year for the fourth consecutive year, mainly driven by a rise in order...

Korea’s Hancom buys document software firm Clipsoft

Korea’s Hancom buys document software firm Clipsoft

Hancom Inc., a homegrown office suite developer in South Korea, said on Friday that it has acquired local business-to-business (B2B) digital documen...

LG Chem out-licenses obesity drug candidate to US firm

LG Chem out-licenses obesity drug candidate to US firm

LG Chem Ltd. has agreed to license out a rare genetic obesity drug candidate in phase 2 clinical trials to Rhythm Pharmaceuticals Inc., a US biotech...

BMW overtakes Mercedes-Benz as top-selling foreign carmaker in S.Korea

BMW overtakes Mercedes-Benz as top-selling foreign carmaker in S.Korea

BMW has overtaken Mercedes-Benz in the South Korean market, regaining the top spot in the foreign automobile sales segment for the first time in eig...

Hyundai Motor, Kia post record US sales in 2023, to rank 4th in US

Hyundai Motor, Kia post record US sales in 2023, to rank 4th in US

South Korea’s Hyundai Motor Group saw its vehicle sales in the US rise to an all-time high in 2023, driven by its latest models of recreationa...

Saudi Crown Prince bin Salman courts Korean AI startups as Riyadh, Abu Dhabi vie to build tech hubs K Shipbuilding up for sale as Korean shipyards ride new boom Samsung to buy US health tech firm Xealth in digital health push Korean waste management firm Koentec on market for $730 mn US unveils 25% tariffs on S.Korea, sets Aug. 1 deadline for agreement