Korea’s Mirae Asset to open AI business unit in New York

Korea’s Mirae Asset to open AI business unit in New York

Mirae Asset Group, the pioneer in South Korea’s mutual fund industry, plans to set up an artificial intelligence business unit in New York as ...

Fashion ODM Pond Group buys K-beauty retailer Most

Fashion ODM Pond Group buys K-beauty retailer Most

Pond Group, a South Korean original design manufacturing (ODM) clothing company, said on Monday it has acquired Most Inc., a domestic beauty product...

Mercedes, BMW, Audi, VW offer deep discounts amid EV phobia in Korea

Mercedes, BMW, Audi, VW offer deep discounts amid EV phobia in Korea

Imported vehicle dealers in South Korea are offering deep price cuts amid the growing electric vehicle phobia following a Mercedes-Benz EV blaze tha...

Korea's investment forum KIW 2024 kicks off September 9

Korea's investment forum KIW 2024 kicks off September 9

South Korea’s largest investment forum Korea Investment Week 2024 (KIW 2024) will kick off next month in Seoul, drawing around 150 leaders fro...

Half of EV imports in Korea run on Chinese batteries as EV fires rise

Half of EV imports in Korea run on Chinese batteries as EV fires rise

Of 58 electric vehicle models running on the streets of South Korea, 22 models are equipped with Chinese batteries, a survey showed on Friday.Accord...

LS Eco Energy supplies 2,000 km of overhead power lines to Vietnam

 LS Eco Energy supplies 2,000 km of overhead power lines to Vietnam

South Korea's LS Eco Energy Ltd. said on Friday that its Vietnamese unit LS-VINA has completed a supply of around 2,000 kilometers of overhead power...

SGC E&C secures $189 mn petrochem facility project in Saudi Arabia

SGC E&C secures $189 mn petrochem facility project in Saudi Arabia

SGC Engineering & Construction (E&C), a specialist in design, procurement and construction (EPC), said on Thursday that it has signed a cont...

CJ Olive Young establishes new logistics center

 CJ Olive Young establishes new logistics center

South Korean beauty store chain CJ Olive Young said on Thursday that it has established the Olive Young Anseong Logistics Center in Anseong-si, Gyeo...

SK Gas delays $1 bn combined cycle power plant operation

SK Gas delays $1 bn combined cycle power plant operation

SK Gas Ltd., South Korea’s No. 1 liquefied petroleum gas (LPG) distributor, has postponed the commercial operation of its combined cycle power...

Hyundai Glovis, Huayou join hands for EV battery recycling

Hyundai Glovis, Huayou join hands for EV battery recycling

Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, has teamed up with a unit of China’s Zhejiang Huayou Cobalt...

LS Cable breaks ground for bus ducts plant in Mexico

LS Cable breaks ground for bus ducts plant in Mexico

South Korea's LS Cable & System Ltd. broke ground for two factories in Mexico on August 2: one for bus ducts, or a large-scale power distributio...

Korea's warehouses suffer oversupply, rising vacancies

Korea's warehouses suffer oversupply, rising vacancies

Logistics centers in Seoul suburbs are suffering oversupply and rising vacancy rates, according to a report from South Korean commercial real estate...

EcoPro BM may cut battery materials capacity on EV slowdown

EcoPro BM may cut battery materials capacity on EV slowdown

South Korea’s leading battery materials maker EcoPro BM Co. is considering reducing cathode output capacity despite continuous investments in ...

Shinsegae Factory Store to enter Laos in 2025

Shinsegae Factory Store to enter Laos in 2025

South Korea's Shinsegae Department Store announced on Wednesday that its off-price retail chain, Shinsegae Factory Store, will expand its global foo...

Samsung SDI’s Q2 profit drops on sluggish European EV sales

Samsung SDI’s Q2 profit drops on sluggish European EV sales

Samsung SDI Co., the world’s sixth-largest electric vehicle battery maker, saw its second-quarter operating profit plunge from the year-earlie...

Colosseum poised for next leap with global expansion drive

Colosseum poised for next leap with global expansion drive

Colosseum Corporation Inc., a fulfillment startup based in South Korea, has set its sights on global conquest with its nationwide and international ...

HD Hyundai Electric expands power transformer facility in Alabama

HD Hyundai Electric expands power transformer facility in Alabama

HD Hyundai Electric Co., an energy solution provider under South Korean shipbuilder HD Hyundai, said on Sunday it completed a 12,690-square-meter st...

South Korea’s Economy Slowed Sharply in Second Quarter

South Korea’s Economy Slowed Sharply in Second Quarter

South Korea’s economy slowed at a sharper-than-expected pace in the second quarter on sluggish private consumption and weak business investmen...

S.Korea’s economy slows in Q2, but on growth course

S.Korea’s economy slows in Q2, but on growth course

South Korea’s economy unexpectedly slowed in the second quarter on softer private consumption and business investments, reinforcing expectatio...

Samsung, LG go in different directions for all solid batteries

Samsung, LG go in different directions for all solid batteries

South Korean household names Samsung and LG are in a new race to win the market for solid-state batteries, next-generation batteries promising enhan...

Qoo10’s Korean units delay seller payments amid expansions

Qoo10’s Korean units delay seller payments amid expansions

Southeast Asia-based e-commerce platform Qoo10 Pte.’s units in South Korea delayed seller payments as industry sources said the online shoppin...

Hyundai Motor forms EV Charging Alliance in Indonesia

Hyundai Motor forms EV Charging Alliance in Indonesia

Hyundai Motor Co. announced on Monday that it established the Hyundai EV Charging Alliance with six local private charging operators at the Gaikindo...

High power bills drive Korean manufacturers out of country

High power bills drive Korean manufacturers out of country

South Korean manufacturers are increasingly moving abroad as the country's electricity bills are hovering about 30% higher than those of major eco...

Hyundai to unveil wearable device for car manufacturing

Hyundai to unveil wearable device for car manufacturing

Hyundai Motor Group, the world’s third-largest automaker, plans to unveil a wearable device for car manufacturing designed to improve producti...

Korean cosmetics makers see record Q2 profits led by exports

Korean cosmetics makers see record Q2 profits led by exports

South Korean cosmetics original development and design manufacturers (ODMs) such as Cosmax Inc., Kolmar Korea Co. and Cosmecca Korea Co. are estimat...

POSCO seeks restructuring for $1.9 bn injection in battery materials

POSCO seeks restructuring for $1.9 bn injection in battery materials

POSCO Holdings Inc. aims to raise its corporate value through an ambitious scheme that entails securing 2.6 trillion won ($1.9 billion) through rest...

Samsung SDI, Sungkyunkwan Univ. to develop battery engineer

Samsung SDI, Sungkyunkwan Univ. to develop battery engineer

Samsung SDI Co., the world’s sixth-largest electric vehicle cell maker, will establish a Department of Battery Engineering at Sungkyunkwan Uni...

North Face supplier Youngone to build R&D center in Bangladesh

North Face supplier Youngone to build R&D center in Bangladesh

Youngone Corp., a South Korean original design manufacturer (ODM) for foreign outdoor brands such as The North Face and Nike, will build an R&D ...

Korea to keep track of EV battery life cycles for recycling

Korea to keep track of EV battery life cycles for recycling

The South Korean government will monitor electric vehicle (EV) battery life cycles to share information on the lifespan, performance and accident hi...

HD Hyundai Samho expands berthing facilities

HD Hyundai Samho expands berthing facilities

South Korean shipbuilder HD Hyundai Samho Co. has expanded its berthing facilities to meet the growing number of orders for eco-friendly ships.The s...

K-pop queens return: Blackpink, Twice power up YG, JYP Samsung to launch AI health coach beta in US by end of 2025 South Korea moves to mandate treasury share cancellation South Korean airlines bank on China routes for profit recovery Hyundai premieres IONIQ 6 N: Latest motorsport DNA for electric age