HD Hyundai Oilbank to build eco-friendly power plants

South Korea's HD Hyundai Oilbank is pursuing the construction of eco-friendly power plants powered by liquefied natural gas and blue hydrogen.The co...

Asiana Airlines suspends selling seats next to emergency exit doors

South Korea’s Asiana Airlines Inc., which had an incident of landing with the emergency exit door open, will not sell seats next to the emerge...

Lotte to open Silicon Valley corporate venture capital unit

Lotte Group, a South Korean retail-to-chemical conglomerate, is set to launch a corporate venture capital (CVC) business in Silicon Valley, the glob...

Jeju Air CEO sees Korea-Indonesia routes as blue ocean

South Korea’s largest low-cost carrier (LCC) Jeju Air Co. will make the most of the post-pandemic recovery in travel demand by exploring South...

CJ Bioscience conducts paid-in capital increase of $50 mn

South Korea's CJ Bioscience Inc., a pharmaceutical company specializing in intestinal microorganisms called microbiomes, will conduct a paid-in capi...

Chevrolet Trailblazer tops in US small SUV market

Chevrolet Trailblazer claimed the top spot in the subcompact crossover SUV market in the United States in the month of April. It maintained its posi...

Doosan begins pre-IPO funding round for US fuel cell unit HyAxiom

Doosan Corp., the holding company of South Korean plant-to-machinery conglomerate Doosan Group, is slated to attract $200 million for its hydrogen f...

Celltrion drops bid to acquire Baxter’s biopharm unit

Celltrion Inc. announced on Tuesday it has decided not to pursue the acquisition of the biopharmaceutical unit of U.S. medical device maker Baxter I...

Naver Webtoon targets entertainment business in Japan

Naver Webtoon Ltd., the world’s top digital comics provider, is targeting the entertainment sector in Japan as it aims to expand its intellect...

Hyundai Motor drives software unit's Q1 sales higher

Record-setting earnings at South Korea’s Hyundai Motor Group have driven its vehicle software platform’s sales sharply higher and painte...

LG Chem in talks with Glenwood to sell off diagnostics unit

LG Chem Ltd. is slated for exclusive talks with Seoul-based Glenwood Private Equity to sell off its in vitro diagnostics business, according to biop...

Samsung foundry backlogs top $74.6 bn for logic chip biz goal

Samsung Electronics Co., the world’s No. 2 foundry player, has secured contract semiconductor manufacturing order backlogs of more than 100 tr...

LG Elec’s home appliance unit hits record-high profit in Q1

The home appliance division of LG Electronics Inc. posted its largest ever quarterly profit in the January-March period, exceeding the 1 trillion wo...

Korean Air, Asiana to increase award seats ahead of merger

Korean Air Lines Co. and Asiana Airlines Inc. are set to increase award seats while revising their membership terms and conditions to help customers...

Asiana Airlines resumes Incheon-Changsha flights after 3 years

After a hiatus of over three years due to the impact of COVID-19, the flight route between Incheon, South Korea, and Changsha, Hunan, China, has res...

Korean E-Land unites fast fashion units for China biz growth

South Korea’s major retailer E-Land Group has consolidated one of its fast fashion brand's operations at home and in China to accelerate growt...

Korea to adopt cornerstone investor system to vitalize IPOs

South Korea is set to introduce a system of cornerstone investors who agree in advance to subscribe to a forthcoming listing with conditions of lock...

Hyundai Mobis develops world’s first rollable vehicle display

Hyundai Mobis Co., the world’s sixth largest automotive components supplier, has developed a rollable vehicle display, the first of its kind i...

Hyundai, Kia surpass 100,000 global EV sales in Q1

Hyundai Motor Group's electric vehicle (EV) sales have exceeded 100,000 units in the first quarter of this year, driven by the strong sales of its f...

SK Group chairman’s eldest son to play key role at US unit PassKey

Chey In-geun, the eldest son of SK Group Chairman Chey Tae-won, has moved to the South Korean conglomerate’s major US business operations amid...

GS Group's petrochem equipment unit eyes up to $154 mn via pre-IPO

GS Entec Corp., a South Korean equipment maker for petrochemical and power plants, is set to raise 150 billion to 200 billion won ($115 million-$154...

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...

Interpark's airline ticket sales exceed $120 mn in March

South Korea’s online retail platform Interpark Corp. has reported its airline ticket sales in March jumped 281% compared to the same period la...

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 ...

Macquarie to buy Lotte’s S.Korean transportation card unit

Macquarie Asset Management, part of Australian investment bank Macquarie Group, is set to buy Loca Mobility Corp., Lotte Card Co.’s subsidiary...

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...

Samsung to supply chips for Intel's self-driving tech unit Mobileye

Samsung Electronics Co., the world's largest memory chipmaker, has won a semiconductor production order from Israel-based Mobileye Global Inc., a le...

Luxury watchmaker Hublot buys Korean ceramic supplier Ecco

Hublot, a Swiss watchmaker under global luxury giant LVMH Moët Hennessy Louis Vuitton, has taken over South Korean ceramic manufacturer Ecco Wa...

Hyundai Motor, Kia partner with DeepX to develop robotics services

South Korean carmakers Hyundai Motor Co. and Kia Corp. have partnered with DeepX, a domestic startup that specializes in designing AI semiconductors...

Dongwon backs out of Boryung Biopharma buyout deal

Dongwon Industries Co., South Korea’s No. 1 canned tuna producer, has backed out of a deal estimated between $400 million and $500 million to ...