Service robot maker Bear Robotics raises $81 mn in Series B

Service robot maker Bear Robotics raises $81 mn in Series B

South Korea’s robotics startup Bear Robotics Inc. announced Wednesday it raised $81 million in Series B funding from venture capital heavywe...

Nine out of 10 VC heads in S.Korea say startups overvalued: Survey

Nine out of 10 VC heads in S.Korea say startups overvalued: Survey

Heads of South Korea’s leading venture capital firms say domestic startups have entered a phase of overvaluation. The Korea Economic Dail...

Hyundai’s auto exports to Russia cut by half in February, hit by war

Hyundai’s auto exports to Russia cut by half in February, hit by war

Hyundai Motor Co.'s car exports to Russia have dwindled by nearly half in the latest indication that global automakers are feeling the pinch due to ...

Korea automakers fret over Yoon’s policy on combustion engine cars

Korea automakers fret over Yoon’s policy on combustion engine cars

South Korea’s automakers were on high alert as President-elect Yoon Suk-yeol pledged to ban new registrations of internal combustion engine ca...

Pearl Abyss releases mobile game Black Desert in China in April

Pearl Abyss releases mobile game Black Desert in China in April

South Korean game developer and publisher Pearl Abyss set a China release date of April 27 for its cross-platform MMORPG Black Desert on the App Sto...

Korea Inc. in dilemma over Russia biz amid Ukraine war

Korea Inc. in dilemma over Russia biz amid Ukraine war

South Korea’s major companies are in a sticky situation over their businesses in Russia following its invasion of Ukraine. Governments in the ...

Korean inflation fears grow amid Ukraine crisis

Korean inflation fears grow amid Ukraine crisis

Fears are growing over accelerating inflation in South Korea as Russia’s invasion of Ukraine boosted energy and raw materials prices. The cris...

Hyundai IONIQ 5, Kia EV6 rated top among electric cars in Germany

Hyundai IONIQ 5, Kia EV6 rated top among electric cars in Germany

Hyundai Motor Co.'s IONIQ 5 and Kia Corp.'s EV6 have been recognized as the most competitive electric sport utility vehicles by Auto Zeitung, a high...

Perfect storm from Ukraine crisis clouds Korea Inc.’s outlook

Perfect storm from Ukraine crisis clouds Korea Inc.’s outlook

South Korean companies had dreamed of a post-COVID-19 earnings recovery as the globe geared up for economic reopening. But their hopes are now dampe...

Hyundai Motor Group sweeps board at IIHS safety awards

Hyundai Motor Group sweeps board at IIHS safety awards

The Hyundai Motor Group once again received more safety awards than any of its counterparts from the Insurance Institute for Highway Safety (IIHS)...

Samsung, LG dominate global TV market with premium models

Samsung, LG dominate global TV market with premium models

South Korea’s two home appliances giants – Samsung Electronics Co. and LG Electronics Inc. – dominated the global TV markets last ...

Korean chipmakers to cut core solvent imports for EUV process

Korean chipmakers to cut core solvent imports for EUV process

South Korean chipmakers are expected to reduce imports of a core solvent of the extreme ultraviolet (EUV) process for semiconductor manufacturing as...

Online platforms emerge as new battlefield for auto sales in Korea

Online platforms emerge as new battlefield for auto sales in Korea

Visiting a car dealer’s stylish showroom to touch, feel and sometimes test drive a car before purchase has for decades been a rite of passage ...

Korean orchestras foster cross-genre collaborations

Korean orchestras foster cross-genre collaborations

Seoul Philharmonic Orchestra and SM Entertainment Co. signed a memorandum of understanding last week to collaborate across different musical genres....

Kia: New king in J.D. Power’s most reliable auto brand rankings

Kia: New king in J.D. Power’s most reliable auto brand rankings

Kia Corp. is the top-ranked automaker in J.D. Power’s 2022 US Vehicle Dependability Study (VDS) ahead of General Motor Co.’s Buick as we...

Korea’s Point Mobile expands supply deal with Amazon to offline units

Korea’s Point Mobile expands supply deal with Amazon to offline units

Point Mobile Co., South Korea’s top enterprise handheld devices maker, expanded a supply deal with Amazon.com Inc. to offline units of the wor...

S.Korea urged to embrace nuclear power to go carbon free

S.Korea urged to embrace nuclear power to go carbon free

The topic of RE100, a multinational campaign to make a full switch to renewable energy by 2050, was brought up last week during a debate among four ...

Neck-and-neck contest for fintech assoc. chair narrows

Neck-and-neck contest for fintech assoc. chair narrows

For the first time ever, South Korea’s fintech industry association will see meaningful competition in electing its chair this month – r...

German urban logistics and light industrial assets promising, DLE says

German urban logistics and light industrial assets promising, DLE says

The pandemic has brought logistical real estate and infrastructure into the spotlight driven by long-term underlying e-commerce trends. It is advant...

Hyundai Motor vows $7.7 billion investment after record 2021 revenue

Hyundai Motor vows $7.7 billion investment after record 2021 revenue

Hyundai Motor Co. said on Tuesday it will spend a record 9.2 trillion won ($7.7 billion) this year to ramp up facilities for electric cars and other...

Hyundai, Kia lead rivals in 2022 US best car awards

Hyundai, Kia lead rivals in 2022 US best car awards

Hyundai Motor Group’s major auto brands have won a record number of best car awards by the U.S. News & World Report in recognition of thei...

Lotte acquires Ministop Korea for $260 mn from Aeon

Lotte acquires Ministop Korea for $260 mn from Aeon

South Korea's Lotte Group has agreed to acquire a 100% stake in Ministop Korea for 313.4 billion won ($263 million), the country's fifth-largest con...

Hanmi, other chip machine makers to benefit from TSMC capex hike

Hanmi, other chip machine makers to benefit from TSMC capex hike

Hanmi Semiconductor Co., a chip equipment supplier to global foundry leader Taiwan Semiconductor Manufacturing Co. (TSMC), has posted record profit ...

Doosan to build Saudi Arabia's largest steel casting plant

Doosan to build Saudi Arabia's largest steel casting plant

Doosan Heavy Industries and Construction Co., South Korea's power plant components supplier, signed a preliminary agreement on Wednesday to build Sa...

Hyundai to offer auto finance in France to boost Europe vehicle sales

Hyundai to offer auto finance in France to boost Europe vehicle sales

Hyundai Capital Services Inc., a financial services subsidiary of Hyundai Motor Group, and CGI Finance, a unit of Societe Generale Group, have launc...

Hana jointly acquires Boston-based multifamily for $262 mn

Hana jointly acquires Boston-based multifamily for $262 mn

 Hana Alternative Assets Management Co. and a US asset manager acquired a tower of luxury multifamily housing assets in Seaport Boulevard, Bost...

DoubleU invests $1.5 million in Epic Games

DoubleU invests $1.5 million in Epic Games

South Korea’s DoubleU Games Co. announced Friday that its subsidiary DoubleDown Interactive LLC invested $1.5 million in North Carolina-base...

Motional to begin robotaxi dispatch next year

Motional to begin robotaxi dispatch next year

US-based autonomous vehicle company Motional Inc. announced its plans for the commercialization of driverless cars based on the all-electric Hyundai...

POSCO logs record profit on steel supercycle in 2021

POSCO logs record profit on steel supercycle in 2021

POSCO Co., the world’s sixth-largest steelmaker, reported record earnings in 2021, adding to the bullish outlook, as China sustained a policy ...

Coupang to shake up Korea’s logistics industry landscape

Coupang to shake up Korea’s logistics industry landscape

South Korea’s e-commerce giant Coupang Inc. is looking to tap into the country’s logistics industry, shaking up the sector, while market...

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 shares   Seoul vows zero-tolerance measures against unfair stock trading K-style strikes back to win over China’s Gen Z with Musinsa at helm