Mirae Asset promotes Indian unit head to vice chairman

Mirae Asset promotes Indian unit head to vice chairman

Mirae Asset Financial Group, South Korea’s leading financial conglomerate, on Monday promoted Swarup Mohanty, the head of its Indian asset man...

Lotte, two SK Group units to join hands for carbon capture

Lotte, two SK Group units to join hands for carbon capture

Lotte Chemical Corp., SK Innovation Co. and SK IE Technology Co. (SK IET) have signed a memorandum of understanding (MOU) to make their joint push i...

KT ties up with Thai company for SE Asia hyperscale AI

KT ties up with Thai company for SE Asia hyperscale AI

KT Corp., South Korea’s No.2 mobile carrier, is set to foray into the large language model (LLM) sector in Southeast Asia amid the country's s...

SK Group needs agility to survive disruptions: chairman

SK Group needs agility to survive disruptions: chairman

South Korea's No. 2 conglomerate SK Group needs agile responses to rapidly changing business circumstances amid global geopolitical crises, C...

Hyundai partners with University of London for African market strategy

Hyundai partners with University of London for African market strategy

Hyundai Motor Group announced on Friday its plan to establish two research centers in conjunction with the University of London (UoL) to delve int...

Taeyoung to sell cash cow to shore up ailing construction arm

Taeyoung to sell cash cow to shore up ailing construction arm

South Korea’s medium-sized business group Taeyoung Group said on Wednesday it is near to selling its cash cow logistics unit to shore up its f...

Late Samsung chairman Lee's New Management back in spotlight

Late Samsung chairman Lee's New Management back in spotlight

As the leader of Samsung Group for three decades, the late group Chairman Lee Kun-hee brought fundamental changes to the conglomerate under his &ldq...

POSCO Group chief: steel desperately needs corporate solidarity

POSCO Group chief: steel desperately needs corporate solidarity

South Korea’s POSCO Group on Tuesday said its Chairman Choi Jeong-woo presided over the regular meeting of the World Steel Association on Su...

S.Korea sees rise in young, independent Chinese tourists

S.Korea sees rise in young, independent Chinese tourists

South Korea is welcoming a growing number of Chinese tourists since China lifted a ban on group tours to its neighboring country on Aug. 10 after mo...

Korea's GS Caltex faces FTC probe into intra-group trading

Korea's GS Caltex faces FTC probe into intra-group trading

The Korea Fair Trade Commission (FTC) has begun an investigation process for alleged intra-group transactions between GS Caltex Corp., the country&r...

Hanwha Group chair calls for startup-like entrepreneurial spirit

Hanwha Group chair calls for startup-like entrepreneurial spirit

South Korea’s Hanwha Group Chairman Kim Seung-youn on Monday urged the defense-to-financial conglomerate to revive the bold innovations of its...

Hyundai, Iveco solidify partnership with E-WAY H2 hydrogen fuel cell bus

Hyundai, Iveco solidify partnership with E-WAY H2 hydrogen fuel cell bus

South Korea’s top automaker Hyundai Motor Co. and Italian truck maker Iveco Group N.V. have consolidated their business partnership through th...

S.Korea’s corporate R&D spending lags global rivals

S.Korea’s corporate R&D spending lags global rivals

Major South Korean companies’ spending on research and development lags investments made by their global competitors due to lower government t...

From fast follower to first mover under Hyundai Motor's Chung

From fast follower to first mover under Hyundai Motor's Chung

Hyundai Motor Group Chairman Chung Euisun emphasized “customers” as his management keyword when he took the helm of the largest automoti...

S.Korea's ModaModa partners with Poland's MBF Group

S.Korea's ModaModa partners with Poland's MBF Group

South Korean haircare brand ModaModa has partnered with Poland's MBF Group S.A. for distribution, signifying its entry into the expanding European b...

POSCO Int’l to build permanent magnet factory in US with Star Group

POSCO Int’l to build permanent magnet factory in US with Star Group

South Korea’s steel giant POSCO Holdings Inc. is expediting its push to expand its presence in the electric vehicle supply chain, one of seven...

Lotte's chemical units look for talent from US universities

Lotte's chemical units look for talent from US universities

Lotte Group's two chemical units in South Korea searched for talent in US universities.Lotte Chemical Corp. and Lotte Fine Chemical Co. organized ...

S.Korea's travel agencies fight for survival with customized products

S.Korea's travel agencies fight for survival with customized products

South Korea’s major travel agencies, feeling threatened by the rise of online travel agencies on the tourism market, are using their strengths...

US OKs Chinese-made solar modules using materials of S.Korea's OCI

US OKs Chinese-made solar modules using materials of S.Korea's OCI

The US has approved the import of Chinese-made solar panels using polysilicon from South Korea's green and energy company OCI Holdings Co.Pundits sa...

Upstage to create interactive chatbot for virtual idols

Upstage to create interactive chatbot for virtual idols

South Korea’s artificial intelligence (AI) startup Upstage announced on Thursday that it has signed a memorandum of understanding (MOU) with M...

Hyundai Steel to pull out of stainless steel market

Hyundai Steel to pull out of stainless steel market

Hyundai Steel Co. has decided to close its stainless steel-making plant in Incheon, South Korea, pulling out of the market amid a flood of Chinese-m...

Taekyung Group to recycle brine water in Saudi Arabia

Taekyung Group to recycle brine water in Saudi Arabia

South Korea's Taekyung Group on Monday said it formed a strategic partnership with Saudi Arabia's government-run Saline Water Conversion Corp. (SWCC...

POSCO Int'l to supply EV motor cores to Hyundai Motor Group

POSCO Int'l to supply EV motor cores to Hyundai Motor Group

South Korea's POSCO International Corp. on Thursday said it signed a deal to supply 3.5 million traction motor cores for electric vehicles (EV) to H...

S.Korean travel guide featuring BTS published

S.Korean travel guide featuring BTS published

The Korea Economic Daily (KED) on Tuesday released The Purple Road, a tourist guide of South Korea highlighting places where the seven members of ...

Homeplus enters Mongolian market with PB products

Homeplus enters Mongolian market with PB products

South Korean big-box retailer Homeplus has entered the Mongolian market for the first time, signing a strategic partnership with the country's ret...

SK E&S signs PPA agreement with Iljin Group affiliates

SK E&S signs PPA agreement with Iljin Group affiliates

South Korea's SK E&S announced on Friday that it has entered into a direct power purchase agreement (PPA) with Iljin Global and Bearing Art, bot...

KB Financial Vice Chairman Yang named sole chairman candidate

KB Financial Vice Chairman Yang named sole chairman candidate

KB Financial Group Inc. has chosen Yang Jong-hee, its vice chairman, as the sole candidate for its next chief in charge of South Korea’s leadi...

S.Korea's Lotte Group helps SMEs penetrate Indonesian market

S.Korea's Lotte Group helps SMEs penetrate Indonesian market

South Korea's Lotte Group through Friday is holding the event Korea Expo in Jakarta in the Indonesian capital with the Korea Trade-Investment Promot...

SK Group, NPS may exercise put option on Masan without gain

SK Group, NPS may exercise put option on Masan without gain

South Korean institutional investors, including SK Group and National Pension Service (NPS), are likely to only recover their principal without prof...

Over 130 Chinese travel industry officials visit S.Korea

Over 130 Chinese travel industry officials visit S.Korea

Since the Chinese government allowed its citizens to participate in group tours to South Korea last month, Chinese travel industry representatives h...

Samsung’s latest Galaxy Z foldables: Slimmest, lightest yet smarter with AI features S.Korea to overhaul retirement pension system, introduce competition for higher returns POSCO sells Chinese stainless steel JV to Chinese rival for $300 mn Hahn & Co. to award bonus shares to Namyang staff, retires $7.1 mn in shares   Seoul vows zero-tolerance measures against unfair stock trading