Samsung SDS records record-high share of overseas sales of 71%
The overseas sales of South Korea's Samsung SDS comprises 71% of overall revenue, the highest rate since the company launched its business process o...
KDB reaches out to Hyundai, POSCO, CJ, LX on HMM stake sale
State-run Korea Development Bank (KDB) has contacted major conglomerates including Hyundai Motor Group about the sale of its stake in HMM Co., the c...
Lotte to replace construction unit CEO due to liquidity crisis
Lotte Group will replace the head of its construction unit, hit by a liquidity crisis stemming from project financing, to ease investor concerns ove...
Samsung's chipmaking unit raises initial base salary to match SK Hynix's
Samsung Electronics Co.'s device solutions (DS) division, which manufactures semiconductors and displays, has raised its initial annual base salary ...
BTS Jin's solo debut album sells over 1 mn copies in 16 days
"The Astronaut," the first solo album of K-pop megaband BTS member Jin, has sold over 1 million copies in the 16 days since its launch.Released on O...
Korea's NPS to get partial tax refund on US real estate sales
South Korea’s National Pension Service (NPS) is set to receive a tax refund of 30 billion won ($22.4 million) from the US Internal Revenue Ser...
Kia mulls investing $754 mn in China instead of Russia
Kia Corp., South Korea’s second-largest carmaker, is considering an investment of $754 million, which had been set aside for Russia, in China ...
Hyundai Glovis, Malaysia’s Lion Group to enter ASEAN logistics market
Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, said on Wednesday it has signed an initial agreement with Malaysi...
Korea, US to work on Busan-Seattle green cargo shipping corridor
South Korea and the US are looking to create a green cargo shipping corridor linking the port of Busan with the ports of Seattle and Tacoma as part ...
S.Korea's Iljin Group halts sale of its display maker
South Korea’s Iljin Display Co. has suspended procedures of selling its 43.19% stake with management rights, the junior bourse Kosdaq-listed d...
Sale of Korean dental scanner maker Medit fails
The sale of South Korea's dental scanner manufacturer Medit will undergo a reset as the preferred bidder, a consortium led by GS Holdings and the US...
CJ CheilJedang builds up future food materials business
CJ CheilJedang, following an organizational reshuffle, will focus on the development of future food such as food ingredients and alternative protein...
Korean firms at risk of credit rating downgrade on Legoland woes
South Korean companies are at risk of credit rating downgrades as the fallout of a debt default by the domestic developer of a Legoland theme park r...
SK Biopharma's epilepsy treatment posts impressive growth in US
South Korean SK Biopharmaceuticals' epilepsy treatment Cenobamate has seen rapid growth on the US market.The company on Thursday said the medic...
Korean brokerages' restructuring targets investment banking units
South Korea’s small- and mid-sized brokerage houses have begun their workforce reductions ahead of the end of the year. The brokerages are set...
Korean retail brand F&F’s Chinese sales seen above $800 million
South Korean outdoor clothing retailer F&F Co. is expected to post 1.1 trillion won ($807 million) in sales revenue in China this year, emerging...
Celltrion's Q3 earnings boosted by Remsima sales in Europe
South Korean biopharmaceutical giant Celltrion Inc. announced 654.6 billion won ($478.2 million) in revenue and 213.8 billion won in operating profi...
South Korea’s biggest startup event ComeUp 2022 kicks off in Seoul
South Korea’s largest startup event ComeUp kicked off on Wednesday at the Dongdaemun Design Plaza (DDP). The annual event, which celebrat...
Falling Korea current account surplus heightens economic woes
South Korea’s current account surplus has shrunk on falling exports, adding to concerns over a slowdown in Asia’s fourth-largest economy...
Naver posts record 3Q sales boosted by content and commerce
South Korea's leading web portal Naver reported record-high sales in the third quarter thanks to surging growth in its content sector, including the...
Doosan Bobcat, Doosan Group’s cash cow, set for record 2022 earnings
Doosan Bobcat, the construction and agricultural machine making affiliate of South Korea’s Doosan Group, is poised to join the “one tril...
Select Korean companies seek to raise cash reserves
Several corporations have recently sold stocks and real estate apparently to boost liquidity and repay maturing debts amid the "three high" era of h...
Market Kurly drops Market from platform name to expand business scope
South Korea’s Kurly Inc. has changed the name of its grocery delivery service platform Market Kurly to Kurly as part of its corporate strategy...
Hyundai, Kia post record hybrid vehicle sales in US in October
Hyundai Motor Co. and Kia Corp., which are gradually increasing their presence in the US market, saw their hybrid vehicle sales reach an all-time hi...
SK Biopharmaceuticals to make CES debut in January
SK Biopharmaceuticals will take part in CES 2023, the world's largest trade show for IT and electronics held in Las Vegas, to unveil its medical dev...
Conglomerates cancel commercial events following Itaewon crowd crush
South Korean conglomerates are canceling promotional events through to the end of the year, following the tragic deaths of more than 150 people in t...
HD Hyundai’s machinery units post profits despite slump in China
HD Hyundai Co., the holding company of South Korea’s Hyundai Heavy Industries Group, saw its two construction equipment affiliates post strong...
Samsung SDI beats CATL in EV battery operating margin
Samsung SDI Co., the world’s sixth-largest electric vehicle battery maker, reported a higher operating margin than that of the global leader C...
POSCO Chemical posts record third-quarter sales, operating profit
POSCO Chemical Co., a unit of South Korea’s steel giant POSCO Holdings Inc., on Monday posted record revenue and operating profit in the third...
Hotel Shilla's biz hotel to post record guest room sales
When Hotel Shilla Co. CEO and Samsung Group heiress Lee Boo-jin said in a shareholders’ meeting in March that the Korean hotel company will br...
