Domino’s Korea to use third party delivery agents, the franchise's first case
It took a whole year for Domino’s Korea to convince the Michigan-based delivery pizza behemoth for an exemption to its corporate guidance of u...
Samsung smartphone shipments down 7.4% in Q3; outlook dim
Samsung Electronics Co. suffered a drop in smartphone shipments during the third quarter on weak demand, adding to concerns over the sector’s ...
Rising interest rates reshuffle Korean market cap list
Rising interest rates amid a slowing global economy rattled South Korean companies’ market capitalization rankings, bumping online players suc...
Vietnamese MZers ensnared by K-beauty, K-fashion, K-everything
HANOI – Vietnam’s young people are avid fans of Korean culture, collectively known as Hallyu. Trang, a 21-year-old college student, is o...
Samsung SDI beats CATL in EV battery operating margin
Samsung SDI Co., the world’s sixth-largest electric vehicle battery maker, reported a higher operating margin than that of the global leader C...
NPS considers new investment in global real estate
South Korea’s National Pension Service (NPS) is open to new investments in overseas real estate, the pension fund’s American real estate...
Teachers' Pension continues focus on global residential, logistics
South Korea’s Teachers’ Pension (TP) will continue its focus on residential and logistics in global real estate investments next year, t...
Hyundai ups 2022 revenue, profit forecasts as quality costs hit Q3 profit
South Korea’s top automaker Hyundai Motor Co. on Monday posted its highest-ever quarterly sales, driven by pricey sport utility vehicles and p...
Hotel Shilla's biz hotel to post record guest room sales
When Hotel Shilla Co. CEO and Samsung Group heiress Lee Boo-jin said in a shareholders’ meeting in March that the Korean hotel company will br...
Korea eyes $20 bn in weapons exports as Hanwha inks $6 bn Polish deal
South Korea has moved a step closer to achieving a record 28 trillion won ($20 billion) in weapons exports this year, with Hanwha Defense Co. clinch...
S.Korea to widen tech gap with global shipbuilding rivals
South Korea, the world’s largest shipbuilding country, will expand its production of high-value-added specialized vessels, such as liquefied h...
POSCO Chemical may clinch megadeal to supply cathode to Ford Motor
POSCO Chemical Co., a unit of South Korea’s steel giant POSCO Holdings Inc., is looking to forge a long-term contract to supply cathode, a key...
Samsung Asset says to pursue global, active, bond-type ETFs
Samsung Asset Management Co., South Korea’s largest exchange-traded fund (ETF) manager, will focus on global, active and bond-type ETFs, as we...
Korean bio suffers as weak won lifts global clinical trial costs
South Korean biopharmaceutical firms are facing challenges in clinical trials overseas alongside the rising Korean won to the US dollar exchange rat...
Lab-grown fish, smart pillow: LG’s choices for future
Startups making lab-cultured seafood, smart pillows and others showcased their innovative products at an exhibition hosted by LG Group, South Korea&...
Hyundai’s NEXO crossover tops world’s hydrogen vehicle market
Hyundai Motor Co.'s NEXO crossover has become the world’s best-selling hydrogen fuel cell electric vehicle (FCEV) in the first eight months of...
Korea's Naver to ramp up global IR activity as stock continues decline
South Korea’s online portal giant Naver Corp. is poised to hire an investor relations (IR) executive whose chief responsibility will be to com...
Korean corporate bond issuance hits 2022 monthly low in September
South Korean corporate bond issuance in September hit a monthly low this year on souring investor sentiment due to interest rate hikes.Corporate bon...
NFT to become game changer in new era: KED Conference in New York
NEW YORK – Non-fungible tokens (NFTs) will significantly influence a wide range of industries as millions of global investors flock to th...
KSOE in $1.5 billion shipbuilding deals with Maersk, Excelerate Energy
Korea Shipbuilding & Offshore Engineering Co. said on Wednesday it has clinched a 1.62 trillion won ($1.15 billion) order to build six methanol-...
SK Hynix hikes use of locally produced neon gas for chip manufacture
SK Hynix Inc., the world’s second-largest memory chipmaker, said on Wednesday it will significantly raise the use of locally produced neon, a ...
Tiger Alternative, Ocean West sell 7 warehouses in US for $1 bn
A consortium led by South Korea’s Tiger Alternative Investors Co. and Los Angeles-based real estate firm Ocean West Capital Partners sold seve...
SK On inks lithium deal with Australian firm for US tax credit
SK On Co., the world’s fifth-largest electric vehicle battery maker, has signed a deal with an Australian lithium producer. Securing the core ...
S.Korea to introduce advanced supercomputer by 2024
South Korea will introduce a high-performance supercomputing system by 2024, more than 24 times faster than the current model, a government-run rese...
Lotte Chem to buy Iljin at $1.9 bn for battery material biz
South Korea’s Lotte Chemical Corp. is set to acquire major domestic battery material maker Iljin Materials Co. at some 2.7 trillion won ($1.9 ...
Korean crypto buyers show higher risk appetite than global peers
South Korean cryptocurrency investors appear willing to take more risks than their global counterparts, balancing their portfolios between market le...
Korean won at fresh low since global financial crisis as markets crash
The South Korean won on Monday extended losses to a fresh low since the 2008-09 financial crisis as local financial markets lost ground, alongside t...
Korea's Hyundai Mobis CEO Cho elected ISO president
South Korean auto parts maker Hyundai Mobis Co.’s CEO Cho Sung-hwan has been elected as the next president of the International Organization f...
Lotte Home Shopping showcases Bellygom at Manhattan’s Pier 17
NEW YORK – Lotte Home Shopping Inc. displayed Bellygom at Manhattan’s Pier 17 on Wednesday, on the sidelines of the Korea Brand Expo in ...
Korea defense firms showcase new weapons for record exports
South Korean defense makers showcased next-generation products with artificial intelligence, robot and stealth functions for the future battlefiel...
