LG Elec to strengthen its direct-to-consumer sales strategy

LG Elec to strengthen its direct-to-consumer sales strategy

South Korea's LG Electronics Inc. is strengthening its direct-to-consumer (D2C) strategy and expanding its lineup of low- to mid-priced products to ...

Korean E-Land unites fast fashion units for China biz growth

Korean E-Land unites fast fashion units for China biz growth

South Korea’s major retailer E-Land Group has consolidated one of its fast fashion brand's operations at home and in China to accelerate growt...

iMarket Korea, Taylor city in Texas sign MOU for business agreement

iMarket Korea, Taylor city in Texas sign MOU for business agreement

iMarket Korea, South Korean distributor of industrial materials,  said on Friday that it has signed a memorandum of understanding (MOU) with th...

S.Korea's Com2verse releases metaverse virtual office

S.Korea's Com2verse releases metaverse virtual office

South Korean game company Com2uS Corp. announced on Wednesday that its metaverse subsidiary, Com2Verse, has released a YouTube video showcasing the ...

SK Group chairman’s eldest son to play key role at US unit PassKey

SK Group chairman’s eldest son to play key role at US unit PassKey

Chey In-geun, the eldest son of SK Group Chairman Chey Tae-won, has moved to the South Korean conglomerate’s major US business operations amid...

S.Korea's hy to launch wine import business

S.Korea's hy to launch wine import business

South Korea’s hy, formerly Korea Yakult, announced on Thursday that it has recently obtained a liquor import license from South Korea's Nation...

S.Korea’s first-generation bio companies set up support fund for new ventures

S.Korea’s first-generation bio companies set up support fund for new ventures

South Korea's first-generation bio companies and Industrial Bank of Korea (IBK) have created a bio investment fund to support ventures in the field ...

S.Korean display companies look to expand business in India with Vedanta

S.Korean display companies look to expand business in India with Vedanta

South Korean display companies try to make breakthrough in new market by entering Indian market.The Korea Display Industry Association (KDIA) announ...

LG Chem teams up with US company to expand bioplastic global business

LG Chem teams up with US company to expand bioplastic global business

LG Chem Ltd. has partnered with a US-based biofuel company Gevo to expand its bio-material-based plastic business.The company announced on Thursday ...

POSCO, Honda to cooperate in EV material business

POSCO, Honda to cooperate in EV material business

South Korea's POSCO Group and Japan's Honda Motor signed a comprehensive memorandum of understanding (MOU) on Tuesday to expand cooperation in the e...

S.Korea to strengthen cooperation with Portugal in renewable energy

S.Korea to strengthen cooperation with Portugal in renewable energy

South Korea’s the Trade, Industry and Energy Minister Lee Chang-yang participated on Wednesday in The Korean-Portuguese Business Forum at the ...

Hanwha heir apparent named senior advisor at US energy investor

Hanwha heir apparent named senior advisor at US energy investor

Hanwha Group Vice Chairman Kim Dong-kwan, the heir apparent of the South Korean energy-to-defense conglomerate, has been named a senior advisor at S...

BOK to hold rate on Tuesday as inflation, growth ease

BOK to hold rate on Tuesday as inflation, growth ease

South Korea’s central bank was widely expected to leave its policy interest rate unchanged this week as inflation slows amid fears of a recess...

Korea's InnoGrid to collaborate with Hyosung for cloud business

Korea's InnoGrid to collaborate with Hyosung for cloud business

InnoGrid Co., South Korea's cloud computing and digital transformation (DT) specialist, announced on Friday that it has signed an agreement with dat...

Lotte Group secures $3.8 bn funding from four major Korean banks

Lotte Group secures $3.8 bn funding from four major Korean banks

Lotte Group announced on Friday that it has signed a financial support agreement worth 5 trillion won ($3.8 billion) with four major South Korean ba...

Korean PE firm STIC taps Bain & Co senior partner for PE business

Korean PE firm STIC taps Bain & Co senior partner for PE business

South Korean private equity firm STIC Investments Inc. is set to hire Lee Hyukjin, a senior partner of global management consulting firm Bain & ...

SK C&C partners with Storm Ventures to discover promising B2B startups

SK C&C partners with Storm Ventures to discover promising B2B startups

South Korean IT services company SK C&C announced on Wednesday a partnership with American venture capital firm Storm Ventures to discover and c...

TIMWORK lifts trophy at March D.Camp startup pitch competition

TIMWORK lifts trophy at March D.Camp startup pitch competition

TIMWORK Inc., a South Korean digital construction plan management software developer, won first prize at D.Camp’s March startup pitch competit...

KB Securities signs MOU with Korea East-West Power, Hikive

KB Securities signs MOU with Korea East-West Power, Hikive

KB Securities Co. announced on Thursday that it had entered into a business agreement with Korea East-West Power Co. and Hikive to collaborate on a ...

NPS to launch committee for portfolio firms' governance improvement

NPS to launch committee for portfolio firms' governance improvement

South Korea’s National Pension Service (NPS), one of the world’s largest pension funds, is slated to establish a committee to improve th...

POSCO Int'l expands into bioplastic recycling business

POSCO Int'l expands into bioplastic recycling business

POSCO International, a subsidiary of South Korea's steel-making-oriented POSCO Group, announced on Wednesday its entry into the biodegradable biopla...

Korea's Mirae Asset, SK Telecom tie up for security token ecosystem

Korea's Mirae Asset, SK Telecom tie up for security token ecosystem

Mirae Asset Securities Co. and SK Telecom Co., South Korea’s top brokerage house and mobile carrier, are set to join hands to establish an eco...

Samsung Chairman Lee to meet new premier in China

Samsung Chairman Lee to meet new premier in China

Samsung Electronics Co. Chairman Jay Y. Lee arrived in Beijing on March 23 to review the chipmaker’s business in China, which is gradually rec...

DB HiTek mulls $780 mn capex in foundry after fabless demerger

DB HiTek mulls $780 mn capex in foundry after fabless demerger

South Korea’s chip foundry company DB HiTek Co. is mulling about 1 trillion won ($780 million) in capital expenditures to enhance its foundry ...

Doosan Enerbility wins back-to-back power plant deals in Central Asia

Doosan Enerbility wins back-to-back power plant deals in Central Asia

South Korean power plant builder Doosan Enerbility Co. has secured a series of contracts in Central Asia, including orders in Uzbekistan and Kazakhs...

KB, Hana drive major S.Korean overseas banking profits lower

KB, Hana drive major S.Korean overseas banking profits lower

KB Kookmin Bank and Hana Bank led weaker earnings of the four largest South Korean lenders’ overseas units last year although their rivals Shi...

Yanolja Cloud to develop real estate platform with SK Discovery

Yanolja Cloud to develop real estate platform with SK Discovery

South Korea's Yanolja Cloud, a software-as-a-service (SaaS) company, announced on Tuesday its partnership with SK Discovery Co. to build a proptech ...

Samsung Elec boosts robotics as key growth engine: Vice chairman

Samsung Elec boosts robotics as key growth engine: Vice chairman

Samsung Electronics Co., the world’s largest chip producer, will go all out to expand its robotics business, Vice Chairman and Co-CEO Han Jong...

SK C&C, Naver Cloud team up to boost AI services for Korean companies

SK C&C, Naver Cloud team up to boost AI services for Korean companies

SK C&C, a leading information technology service provider in South Korea, has announced a partnership with Naver Cloud to develop ultra-large ar...

Wave Lifestyle Tech signs MOU with Saudi gov't to expand robot business

Wave Lifestyle Tech signs MOU with Saudi gov't to expand robot business

Wave Lifestyle Tech, a South Korean foodtech robot company, said on Monday that it has signed a memorandum of understanding with Saudi Arabia’...

Hyundai premieres IONIQ 6 N: Latest motorsport DNA for electric age Organic food chain Chorocmaeul up for sale amid liquidity woes Samsung to unveil 1st triple-folding smartphone by year’s end to rival Huawei’s Mate X2 Tri-Fold IMM Credit closes $700 mn blind credit fund backed by NPS BOK chief warns household debt near tipping point, keeps rates steady