Naver beleaguered by weak Korean businesses amid Line woes

Naver beleaguered by weak Korean businesses amid Line woes

South Korea’s online giant Naver Corp. is struggling with sluggish core domestic businesses – commerce, search and sports – as Jap...

NPS corp governance committee taps SNU professor as member

NPS corp governance committee taps SNU professor as member

A corporate governance committee of South Korea’s National Pension Service (NPS), the world's third-largest pension fund, has named a Seoul Na...

CJ CheilJedang profit beats forecasts on overseas business

CJ CheilJedang profit beats forecasts on overseas business

South Korean food giant CJ CheilJedang Corp. on Tuesday reported a better-than-expected quarterly profit on healthy overseas businesses and cost cut...

Korea Zinc to invest $146 mn in green business R&D hub

Korea Zinc to invest $146 mn in green business R&D hub

Korea Zinc Inc., South Korea’s and the world’s No. 1 lead and zinc smelter, will build its second research and development center, which...

Hyundai Asset to enter offshore wind power market

Hyundai Asset to enter offshore wind power market

South Korea's Hyundai Asset Management Co. announced on Monday that it signed a business agreement with Cyan Renewables, a Singapore-based specialis...

E-Land Retail to enter convenience store market

E-Land Retail to enter convenience store market

South Korea's E-Land Retail, the operator of Kim's Club, NC Department Store, and New Core Outlet operator, plans to enter the convenience store mar...

Korea’s Koh Young to launch brain surgery robot in US in 2025

Korea’s Koh Young to launch brain surgery robot in US in 2025

Koh Young Technology Inc., a South Korean developer of 3D optical inspection devices used in electronics manufacturing, aims to launch a brain surge...

SK Telecom eyes tangible results from AI business in 2024

SK Telecom eyes tangible results from AI business in 2024

South Korea’s No. 1 mobile carrier SK Telecom Co. is set to accelerate investments in artificial intelligence to bring more tangible outcomes ...

Hasty overseas expansion hurts Korean entertainment sector

Hasty overseas expansion hurts Korean entertainment sector

South Korea’s entertainment and content industries suffered from hasty expansions with investments of billions of dollars in the global market...

Hyundai to expand US hydrogen truck business with California nonprofit

Hyundai to expand US hydrogen truck business with California nonprofit

Hyundai Motor Co., South Korea’s top automaker, is gearing up its hydrogen truck business in the US by teaming up with a California nonprofit ...

Jusung Engineering to spin off major units

Jusung Engineering to spin off major units

South Korea's Jusung Engineering Co. plans to spin off its semiconductor, solar, and display equipment businesses and transform into a holding com...

S.Korea’s Lotte Card injects $68 mn into Vietnamese unit

S.Korea’s Lotte Card injects $68 mn into Vietnamese unit

Lotte Card Co., South Korea’s No. 5 credit card issuer, has injected $68 million into its Vietnamese unit to expand its business in the Southe...

SK Hynix’s HBM chip orders fully booked; 12-layer HBM3E in Q3: CEO

SK Hynix’s HBM chip orders fully booked; 12-layer HBM3E in Q3: CEO

ICHEON, Gyeonggi Province – SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., said on Thursday i...

Korean battery maker SK On expects business turnaround in H2

Korean battery maker SK On expects business turnaround in H2

SK On Co., the battery unit of South Korea’s top energy company SK Innovation Co., said on Monday it expects a business turnaround in the seco...

S.Korea’s KT to innovate media, content businesses with AI

S.Korea’s KT to innovate media, content businesses with AI

South Korea’s telecom giant KT Corp. is set to innovate its media and content businesses with artificial intelligence as it seeks new growth d...

SK Hynix, latest chipmaker to emerge victorious with record Q1 sales

SK Hynix, latest chipmaker to emerge victorious with record Q1 sales

SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., said on Thursday it has swung to a profit in the fir...

Woori Financial opens DinnoLab Vietnam Center

Woori Financial opens DinnoLab Vietnam Center

South Korea's Woori Financial Group announced on Wednesday that it has opened the DinnoLab Vietnam Center in Hanoi.DinnoLab is a program by Woori ...

Samsung Asset eyes expansion into US ETF market

Samsung Asset eyes expansion into US ETF market

NEW YORK – South Korea’s largest asset manager Samsung Asset Management Co. is leveraging its strategic partnership with a US investment...

POSCO tightens belts, seeks M&A within 3 years: new chairman

POSCO tightens belts, seeks M&A within 3 years: new chairman

Chang In-hwa, chairman and chief executive of POSCO Holdings Inc., the parent of South Korea’s top steelmaker POSCO, has vowed to take drastic...

Microsoft CEO to meet with Samsung, SK Hynix, LG, SK Telecom chiefs

Microsoft CEO to meet with Samsung, SK Hynix, LG, SK Telecom chiefs

Microsoft Corp.’s top executives will meet with leaders of South Korea’s four top technology companies next month to discuss ways to str...

Foreign banks expand Korean operations amid China’s slowdown

Foreign banks expand Korean operations amid China’s slowdown

Major foreign banks have actively increased staff at their operations in South Korea to offset growing uncertainty in their business in China, grapp...

Samsung shifts to emergency mode with 6-day work week for executives

Samsung shifts to emergency mode with 6-day work week for executives

Executives at all Samsung Group units will work six days a week from as early as this week in a shift to emergency mode. The move comes as the won's...

Innospace, LIG Nex1 to co-work for space, defense business

Innospace, LIG Nex1 to co-work for space, defense business

South Korea's space launch startup Innospace announced on Wednesday that it signed a business agreement with LIG Nex1 Co. for cooperation and commer...

SK Innovation to adjust business portfolios for long-term growth

SK Innovation to adjust business portfolios for long-term growth

SK Innovation Co., South Korea’s top energy company, is slated to adjust its business portfolios for long-term growth while not planning to sl...

SK D&D, Habyt to cooperate for residential business

SK D&D, Habyt to cooperate for residential business

SK D&D Co., a real estate unit of South Korea’s SK Group, announced on Tuesday that it signed a memorandum of understanding (MOU) with the...

Korea's AI startup Upstage raises $72 mn for global expansion

Korea's AI startup Upstage raises $72 mn for global expansion

Upstage, South Korea’s artificial intelligence startup, raised about 100 billion won ($72 million) in its latest funding round, which the comp...

HMM to sharply increase container ship fleet by 2030

HMM to sharply increase container ship fleet by 2030

HMM Co., South Korea’s flagship sea carrier, on Monday unveiled a plan to sharply increase the fleet of container and bulk carriers by 2030 to...

CJ CheilJedang to sell feed, livestock unit for $1.4 bn

CJ CheilJedang to sell feed, livestock unit for $1.4 bn

South Korean food giant CJ CheilJedang Corp. is seeking again to sell its loss-making feed and livestock subsidiary, Asia’s largest in the ind...

Commercial vehicle guru Andersson leads MAN’s Korea, Australia businesses

Commercial vehicle guru Andersson leads MAN’s Korea, Australia businesses

Commercial vehicle veteran Peter Andersson is now managing MAN Truck & Bus SE’s businesses in South Korea and a cluster of Asia-Pacific co...

Korea’s LG telecom unit unveils AI agent with own technology

Korea’s LG telecom unit unveils AI agent with own technology

LG Uplus Corp., South Korea’s No. 3 mobile carrier, has introduced an artificial intelligence agent platform based on its own ixi AI technolog...

Hanwha Systems to compete with LIG Nex1 for Korean version of Iron Dome NH, KB Securities, Kookmin Bank, Kim & Chang lead capital markets in H1 From G-Dragon to Ibuki: Dongmyo emerges as global fashion hotspot Hyundai helps Korean economy most with $265 bn contribution South Korea issues €1.4 billion in largest-ever euro bond sale