LX Pantos founder’s son sells shares to LX International for $37 mn

The only son of LX Pantos Co.’s late founder has unloaded his additional shares in the company to South Korean logistics-to-trading conglomera...

Rising overseas trips to raise Korea’s travel account deficit

Demand for overseas travel among South Koreans during the upcoming holiday grew, while the number of inbound tourists from China is expected to shri...

SK E&S mulls sale of real estate to boost clean energy biz

SK E&S Co., the natural gas business unit of South Korea’s SK Group, is considering selling its real estate asset in Seoul, which is expec...

Shinsegae Department Store expands its diamond business

South Korea's Shinsegae Department Store is expanding its diamond business.Shinsegae announced on Thursday that it has entered into a strategic part...

MBK, Young Poong seek $1.5 bn hostile bid for Korea Zinc

MBK Partners Ltd., the North Asia-focused private equity firm, is set to take over Korea Zinc Inc. through an up to 2 trillion won ($1.5 billion) ho...

Doosan completes high-end copper foil plant in Gimje, Korea

South Korea's Doosan Corp. completed the construction of a high-end copper foil plant to produce materials widely used in automotive electronic comp...

South Korea scraps anti-nuclear policy with approval of two nuclear plants

South Korea has approved the construction of two nuclear power plants, officially ending its anti-nuclear policy pursued by the previous Moon Jae-in...

Naver joins hands with Saudi Arabia to develop Arabic LLM

Naver Corp., South Korea’s largest online platform, has signed a memorandum of understanding with the Saudi Data & AI Authority (SDAIA) to...

Doosan Enerbility to localize 10 MW wind turbines

South Korea's Doosan Enerbility Co. said on Thursday that it is pursuing a national project for localizing large-scale wind power generation systems...

Pulmuone to boost K-food boom in China with gimbap

Leading South Korean food company Pulmuone Corp. is poised to crank up the K-food craze in China, the world’s second most populous country, wi...

Korea's Woori Bank adds two more branches in India

South Korea’s Woori Bank announced on Thursday that It has opened additional branches in Pune and Ahmedabad, India.These are the bank's fourth...

LG CNS establishes joint venture with Sinarmas in Indonesia

South Korea's LG CNS Co. said on Thursday that it established a joint venture LG Sinarmas Technology Solutions in Indonesia with Sinarmas Group in J...

S.Korea’s LIG Nex1, Iraq set for $2.6 billion deal on M-SAM missile system

Iraq has decided to import South Korean-made mid-range surface-to-air missile (M-SAM) system II, known as Cheongung II, in a deal estimated at $2.6 ...

Celltrion earmarks billions of dollars to build CDMO plant: chairman

Celltrion Inc., South Korea’s largest biosimilar maker, will spend several billion dollars to build a factory to crack the contract developmen...

Korea's SK Energy to start commercial operations of SAF production line

SK Energy Co., South Korea’s largest oil refiner, is set to start commercial operations of a production line for sustainable aviation fuel (SA...

HD Hyundai affiliates participate in Mining Indonesia 2024

South Korea's HD Hyundai Construction Equipment Co. and HD Hyundai Infracore Co. announced on Wednesday that they participated in Mining Indonesia 2...

CJ Logistics joins hands with Affinity for third-party logistics

CJ Logistics announced on Wednesday that it has signed a strategic memorandum of understanding (MOU) with Affinity Equity Partners.Affinity is a glo...

Shinsegae Duty Free opens premium store at Incheon Airport

South Korea's Shinsegae Duty Free launched a premium store at Incheon International Airport, aiming to counter the decline in downtown duty-free sal...

Korail to join Manila railway maintenance project

South Korea's state-run railway company Korea Railroad Corporation (Korail) said on Monday that it participates in the operation and maintenance (O&...

Nation With Lowest Birthrate Is Rocked by Soaring Sales of Dog Strollers

SEOUL—After pushing a stroller to a park near her home in a Seoul suburb, Kang Seung-min plopped down on a bench. Then an elderly woman ap...

Taihan Cable completes 1st optical cable plant in Kuwait

Taihan Cable & Solution Co. said on Tuesday it has completed the first fiber optic cable factory in Kuwait, in a joint project with Rank General...

Hanwha Aerospace, SK Enmove develop fireproof ESS

South Korean companies have joined forces to develop the world’s first fireproof energy storage system (ESS) powered by liquid immersion cooli...

NCSOFT distributes four Sony game titles in S.Korea

South Korea’s gaming giant NCSOFT Corp. will distribute four popular titles in South Korea through a partnership with Sony Interactive Enterta...

Korea’s AI, robot startups shine despite funding drought

South Korea’s artificial intelligence and robotics startups raised more money through seed rounds than other sectors in August although invest...

Celltrion chairman announces venture into CDMO market

South Korea’s biosimilar maker Celltrion Inc. will venture into the contract development and manufacturing organization (CDMO) market, the com...

SK Ecoplant sells off stake in Ascend Elements for $98 million

SK Ecoplant Co., a South Korean construction engineering and waste management company under SK Group, has unloaded all its holdings in US-based lith...

Hanwha Systems, WB Group to collaborate on SAR satellites

South Korea's Hanwha Systems Co. said on Monday that it signed a mid- to long-term business cooperation memorandum of understanding (MOU) for space ...

Hyundai's Casper, Tesla boost Korea’s online car sales

South Korea’s online car sales are expected to exceed 5 trillion won ($3.7 billion) and hit a record high this year, driven by rising internet...

SK Earthon wins 2nd oil field exploration bid in Malaysia

SK Earthon Co., the energy resources exploration and production (E&P) unit of South Korean energy giant SK Innovation Co., is accelerating its g...

No Korean firms make it onto Korea’s top five mobile games list

No South Korean game titles developed by domestic game developers made it onto the list of the country’s top five mobile games last month, ind...