Mirae Asset, Bloomberg to team up to develop ETFs

Mirae Asset Global Investments Co., an asset manager under South Korea's financial service giant Mirae Asset Financial Group, will develop exchange-...

Samsung Electronics to hire big for AI R&D careers

Samsung Electronics Co. is ramping up its recruitment of experienced professionals across its Device eXperience (DX) and Device Solution (DS) divisi...

India's love for Korean pizza spurs Gopizza’s global business

South Korea’s Gopizza Inc. opened its 50th branch in India, the world’s most populous country, as the food tech startup aims to attract ...

Samsung spurs XR device business as new cash cow

Samsung Electronics Co. is accelerating extended reality (XR) device development amid intensifying competition with tech behemoths such as Google LL...

Korea’s GS offers dim outlook after weak earnings; stocks down

GS Holdings Corp., the holding company of South Korea’s energy-to-retail conglomerate GS Group, on Wednesday provided a dismal business outloo...

POSCO chairman nominee to prop up ailing steel business

The chairman nominee of POSCO Holdings Inc., the parent of the world’s No. 7 steelmaker POSCO, is expected to concentrate on improving its cor...

SK Group’s Chey Tae-won heads to Europe, seeks AI partnerships at MWC

SK Group Chairman Chey Tae-won will embark on a business trip to Europe next week as South Korea’s second-largest conglomerate seeks to streng...

KT’s 2023 sales rise to all-time yearly high on wireless, internet business

South Korea’s leading telecommunications company KT Corp. on Thursday posted record annual sales revenue for 2023, buoyed by steady growth in ...

SK Earthon sells Peru LNG stake for $257 mn to MidOcean

SK Earthon Co., the resources development subsidiary of South Korea’s top energy company SK Innovation Co., sold a stake in Peru LNG Co. LLC f...

One Store attracts $50 mn investment from Digital Turbine

South Korean homegrown app store One Store Co. has attracted a $50 million investment from the Nasdaq-listed US-based mobile platform company Digi...

Lotte to sell 7-Eleven’s ATM unit in Korea for around $38 mn

Lotte Group is set to sell the automated teller machine (ATM) business of Korea Seven Co., the operator of convenience store chain 7-Eleven in South...

Harim gives up HMM deal over management rights dispute

South Korea's leading poultry processor Harim Co. has walked away from a $5 billion deal to buy HMM Co., South Korea’s No. 1 ocean carrier, re...

Hyundai Rotem inks $664 million deal to supply electric trains to LA Metro

Hyundai Rotem Co., a South Korean railway system maker under Hyundai Motor Group, said on Tuesday it has won a $663.7 million deal to build electric...

SK Telecom gears up for AI leap in 2024

SK Telecom Co., South Korea’s largest mobile carrier, will expedite its transition into an artificial intelligence company this year after its...

POSCO Int’l to invest $760 mn in energy business in 2024

POSCO International Corp., a South Korean general trading and energy exploration company, will invest 1 trillion won ($760 million) in its energy bu...

Delays in court rulings raise business risks for South Korean companies

Less than five years ago, Invossa, a cell and gene therapy for osteoarthritis, was expected to hit the global market with great fanfare.Developed by...

Samsung’s fashion unit logs record profit again in 2023

Samsung Group’s fashion unit posted record profit and revenue for the second straight year in 2023. The fashion division, which logged deficit...

SGC eTEC, OCIM to co-work for green biz in Malaysia

South Korea’s SGC eTEC E&C Co. said on Thursday that it signed an agreement with OCIM, OCI Holdings Co. 's Malaysian subsidiary, to join...

CJ Logistics, Saigon Co.op form partnership in Vietnam

South Korea’s CJ Logistics announced on Wednesday that it has formed a strategic partnership with Vietnamese state-owned retail chain giant ...

S.Korean trading companies boost profits by diversifying businesses

POSCO International Corp. joined the "1 trillion won ($751 million) profit club" for the first time in 2023, powered by a near doubling of its energ...

Taihan Cable sees strong US business in January

South Korea's Taihan Cable & Solution Co. announced on Friday that it has surpassed a cumulative order in the US amount of $32 million (42.8 bil...

Samsung flexes AI chip muscles ahead of Altman visit

Samsung Electronics Co. will go all out to win the AI chip race with its most advanced AI memory chip products, its semiconductor business head said...

Kia posts record 2023 sales, profit with bold 2024 business targets

Kia Corp., South Korea’s second-largest automaker, on Thursday posted record 2023 profit and sales revenue, driven by strong sales of pricey m...

LG Channels poised to take off in India as new cash cow

LG Electronics Inc.'s transformation into a media and entertainment platform is gaining traction as its free web-based television streaming service ...

SKC to develop biodegradable eco-friendly paint containers

SK TBMGeoStone, a subsidiary of South Korea's SKC Ltd. for the investment of biodegradable material, plans to enter the eco-friendly container marke...

Harim, KDB in dispute over $5 bn HMM deal conditions

Talks to sell South Korea’s No. 1 ocean carrier HMM Co. to Harim Group, a leading poultry processor, have made little progress amid disputes o...

North Korea’s missiles tested on the battlefields of Ukraine

SEOUL—One of the world’s biggest illicit-arms suppliers just got a major advertisement.In recent weeks, Russian forces have fired...

LG Electronics bets big on smart factory business

LG Electronics Inc. launched a smart factory business division under its research and development center early this month to accelerate its transiti...

LG CNS launches AI center for synergy of business, research

South Korea’s LG CNS Co., a cloud computing services arm of LG Corp., said on Sunday it has launched an artificial intelligence center to stre...

IMM invests $97 mn in Korean supplier of Boeing, Airbus

IMM Investment Corp., a major South Korean private equity firm, invested $97 million in Kencoa Aerospace Corp., a local supplier of global industry ...