SK gives up e-commerce platform management

SK Group, South Korea's No. 2 conglomerate, gave up its online retail platform 11Street Co. as financial investors are now able to sell off their st...

Hyundai Elevator, ERBUD forge partnership for Ukraine's rebuilding efforts

South Korea's Hyundai Elevator Co. signed a memorandum of understanding (MOU) with ERBUD, a leading Polish construction company, on November 28, in ...

LG H&H to boost marketing of makeup brands in Japan

South Korea's LG H&H Co. announced on Tuesday that it will boost marketing of its premium makeup brands "Glint by VDIVOV" (Glint) and "freshian"...

Car sales may sputter in 2024 amid EV policy risk: Research

The global automobile market is on track to recover to pre-pandemic levels this year and is expected to grow at a moderate pace amid a prolonged eco...

L&F to invest $1.9 bn to build key battery materials plants

DAEGU, South Korea – L&F Co., South Korea’s major cathode supplier seeking to transform into a comprehensive battery materials produ...

Cosmax targets Thailand with K-beauty cosmetic formulations

Cosmax Inc., South Korea's largest cosmetics manufacturer that specializes in original design manufacturing (ODM), announced on Monday that it is ac...

Hanwha Ocean wins $125.5 mn order for VLAC

South Korea's Hanwha Ocean Co. announced on Monday that it secured an order for one very large ammonia carrier (VLAC) from a shipowner in Oceania fo...

Naver to launch global version of Whale browser in Q1 2024

Naver Cloud, the infrastructure subsidiary of South Korea’s online giant Naver Corp., plans to launch a global version of its Whale browser in...

Korean shipbuilders seek overseas yards for surging orders

South Korean shipbuilders are seeking overseas production bases through mergers and acquisitions to meet soaring demand across the world as they hav...

Lotte Fine to invest $99 mn to up green materials sales by 6 times  

Lotte Fine Chemical Co., South Korea’s largest ammonia producer, will spend a total of 129 billion won ($99 million) in an aim to become the w...

Black Friday sales offer short-lived relief to Korean retailers

South Korean retailers and fashion outlets are seeing record-breaking sales during their big discount events this month, but industry watchers said ...

Hyundai to build EV battery pack plant in India by 2025

South Korea’s top automaker Hyundai Motor Co. is set to invest 7 billion rupees ($84 million) to build an electric vehicle battery pack assemb...

Lotte Hotels & Resorts ups ante in kimchi business

South Korea’s largest hotel group Lotte Hotels & Resorts is pinning high hopes on kimchi as a new revenue source amid intensifying competi...

Hyundai ushers in future of car manufacturing in Singapore

SINGAPORE – Hyundai Motor Group on Tuesday officially inaugurated its first mobility innovation center in Singapore powered by a slew of smart...

South Korea’s Hankook Tire looks to direct tire sales in Taiwan

Hankook Tire & Technology Co., South Korea’s top tire manufacturer, is launching a local corporation in Taiwan to directly sell tires in t...

Samsung Electronics to up AI chip foundry sales to 50% by 2028

Samsung Electronics Co. plans to up artificial intelligence chip foundry sales to about 50% of its total foundry sales in five years with its advanc...

Korean PE VIG Partners soaks up shampoo brand Kundal’s growth

South Korean private equity firm VIG Partners is enjoying rapid growth of The Skinfactory Co., the maker of local shampoo and body wash brand Kundal...

Hyundai Motor Group eyes record-breaking sales in UK

Hyundai Motor Group expects to achieve record-high sales performance in the UK this year. This is even more significant because the UK is well well-...

LG Elec separates new biz divisions into in-house entities

LG Electronics Inc., the leading global home appliance maker, has actively separated new business organizations into independent in-house entities, ...

Hyundai to be first automaker to sell cars on Amazon

Hyundai Motor Co., South Korea’s top automaker, will be the first carmaker to sell cars on Amazon in the US while providing drivers with the g...

Samyang draws record-high sales on Singles' Day in China

South Korea's Samyang Foods Co. announced on Thursday its sales during China's largest shopping festival, Singles' Day (Nov. 11), reached a new re...

SK Biopharm gears up to boost epilepsy drug sales in Europe

SK Biopharmaceuticals Co. is gearing up to explore the European market for its flagship epilepsy drug Cenobamate, while looking for new mergers and ...

Alibaba continues eyeing S.Korean e-commerce M&A

Chinese tech giant Alibaba Group is seeking to purchase a major online retail platform in South Korea, one of the world’s largest e-commerce m...

Diageo to open Asia’s first pop-up store in Seoul

London-based global alcoholic beverage company Diageo announced on Wednesday it will open a pop-up store in Garosu-gil,  Sinsa-dong, Gangnam, S...

Samsung bags $1 bn via ASML share sale for chip production

Samsung Electronics Co., the world’s largest memory chipmaker, has divested a 0.3% stake in Dutch chip equipment manufacturer ASML Holdings N....

Samsung, SK pin hopes on HBM sales with Nvidia's new AI chip

South Korean memory chipmakers like Samsung Electronics Co. and SK Hynix Inc. have high hopes for fast growth in their high-bandwidth memory (HBM) s...

Kia’s new Carnival RV rides on growing popularity of hybrid cars

Kia Corp., South Korea’s second-largest automaker, is riding on the growing popularity of hybrid vehicles as pure electric vehicle uptakes slo...

Mirae seeks sale of HK Goldin assets to recoup investment

Mirae Asset Securities Co., South Korea’s largest brokerage house, plans a public tender of assets held by debt-laden Goldin Financial Holding...

SK Biopharma’s Cenobamate US patent extended by 2032

South Korea's SK Biopharmaceuticals announced on Friday an extension of its US patent for the epilepsy treatment Cenobamate, now set to expire on Oc...

Automotive supplier Hanon Systems delivers Q3 earnings shock

South Korea's Hanon Systems Corp., a world-leading heat pump systems maker for automobiles, on Thursday reported worse-than-expected results in the ...