HMM opens Indian-Mediterranean container route

HMM opens Indian-Mediterranean container route

South Korea’s HMM Co. has opened a container route to India and the Mediterranean.  In addition to serving the US and Europe, the conta...

LG CNS develops AI coding solution based on ChatGPT

LG CNS develops AI coding solution based on ChatGPT

LG CNS, the information technology service arm of LG Group, announced on Wednesday that it has developed an artificial intelligence (AI)-based code ...

Hyundai, Kia invest extra $1.5 mn in automotive chip startup

Hyundai, Kia invest extra $1.5 mn in automotive chip startup

Hyundai Motor Co. and Kia Corp. announced on Wednesday that they have invested extra 2 billion won ($1.54 million) in BOS Semiconductors, a vehicle ...

LG Electronics targets EdTech market in US

LG Electronics targets EdTech market in US

LG Electronics Inc. is showcasing a lineup of acclaimed products designed for the education sector at the International Society for Technology in Ed...

Hyundai Mobis overtakes Japan's Aisin on global auto parts market

Hyundai Mobis overtakes Japan's Aisin on global auto parts market

South Korea's Hyundai Mobis has surpassed Japan's Aisin, its biggest competitor in auto parts excluding batteries, to break into the top five on the...

S.Korea's Naver Webtoon to expand IP-based operations

S.Korea's Naver Webtoon to expand IP-based operations

South Korea's Naver Webtoon is selling its online intellectual property (IP)-based webtoon products on the offline market to expand its webtoon IP o...

Pinkfong Baby Shark console game to launch in September

Pinkfong Baby Shark console game to launch in September

South Korea's The Pinkfong Company, popularly known for its "Baby Shark" character, announced on Tuesday the imminent release of a console game titl...

Hyundai Card, Visa form global data alliance

Hyundai Card, Visa form global data alliance

South Korea’s Hyundai Card has launched a data analysis business with Visa. Hyundai Card on Monday said it formed a strategic business partner...

Samsung accelerates foray into fastest AI chip market

Samsung accelerates foray into fastest AI chip market

South Korea’s Samsung Electronics Co. is speeding up its efforts to penetrate deeper into the high bandwidth memory 3 (HBM3) market, an area i...

HD Hyundai Infracore targets eco-friendly equipment market

HD Hyundai Infracore targets eco-friendly equipment market

HD Hyundai Infracore Co., a construction equipment unit of South Korea’s HD Hyundai Group, is set to make inroads into the eco-friendly sector...

SKIET rejuvenates old mining town in Poland as green industry hub

SKIET rejuvenates old mining town in Poland as green industry hub

DABROWA GORNICZA, Poland – It was not long ago that the Polish city of Dabrowa Gornicza in Silesia Province was struggling to bring back its g...

LG Chem produces single-crystal cathodes; to raise $1.5 bn in bonds

LG Chem produces single-crystal cathodes; to raise $1.5 bn in bonds

LG Chem Ltd. has begun mass production of high-nickel cathode materials made with a single crystal structure for the first time in South Korea, whic...

Korean Air delivers AH-6 helicopter fuselage to Boeing

Korean Air delivers AH-6 helicopter fuselage to Boeing

Korean Air Lines Co. announced on Monday that it has delivered the initial production units of AH-6 helicopter fuselages for the AH-6 project awarde...

Kakao Mobility to develop EV, self-driving tech with Vietnam's Vingroup

Kakao Mobility to develop EV, self-driving tech with Vietnam's Vingroup

South Korea's Kakao Mobility is collaborating with Vietnam's No. 1 corporation Vingroup JSC and Southeast Asia's biggest information and communicati...

KAI succeeds in localizing wing spar components for Israeli business jet

KAI succeeds in localizing wing spar components for Israeli business jet

Korean Aerospace Industries Ltd. (KAI), a South Korean aerospace and defense company, announced on Friday that it held a commemorative event for the...

Blind recognized as one of Time100 Most Influential Companies 2023

Blind recognized as one of Time100 Most Influential Companies 2023

Blind, the renowned online forum for verified but anonymous professionals, has been included on the esteemed Time100 Most Influential Companies list...

Startup Spatial looks to become YouTube in metaverse

Startup Spatial looks to become YouTube in metaverse

Metaverse platform startup Spatial aims to grow into a company that allows users to enjoy interactive content together, as COVID-19 has increased th...

HD Hyundai showcases its future green vessel tech in Vietnam

HD Hyundai showcases its future green vessel tech in Vietnam

South Korea's HD Hyundai Co. on Thursday said its CEO Chung Ki-sun visited the affiliate Hyundai Vietnam Shipbuilding in the central Vietnamese prov...

S.Korea attracts investment of $940 mn from 6 European companies

S.Korea attracts investment of $940 mn from 6 European companies

South Korea has attracted investment worth $940 million from six high-tech European companies to build factories and R&D centers.The six compani...

Private real estate debt shines on banks' financing gaps: Savills

Private real estate debt shines on banks' financing gaps: Savills

More global investors are turning to the private debt market as bank loans are getting tougher under stricter lending regulations. Among a range of ...

3rd-gen. corporate succession in S.Korea slashes stake from 100% to 16%

3rd-gen. corporate succession in S.Korea slashes stake from 100% to 16%

South Korea's business sector is urging reform of the domestic inheritance tax system to alleviate problems in corporate succession, citing difficul...

S.Korea has just 1.2% of world's corporate unicorns: study

S.Korea has just 1.2% of world's corporate unicorns: study

Among 10 major economies worldwide, South Korea's global share of unicorn companies, or startups with a corporate value of over $1 billion, has shru...

Renault to build new EV plant at its Korean base in Busan

Renault to build new EV plant at its Korean base in Busan

BUSAN – French automaker Renault S.A. will build a new electric vehicle manufacturing plant in South Korea to meet growing demand for eco-frie...

EU’s new battery act comes with caveats; headache for Samsung, Apple

EU’s new battery act comes with caveats; headache for Samsung, Apple

The European Union’s decision to go greener with batteries that cut carbon emissions and promote recycling comes with a few caveats, posing a ...

Hyundai Motor, Kia regain top spot in Vietnam's auto market

Hyundai Motor, Kia regain top spot in Vietnam's auto market

Hyundai Motor Co. and Kia Corp. are solidifying their dominance in the Vietnamese car market through the launch of new models and competitive lineup...

Korea's Doosan Enerbility sells Bobcat stake in $214 mn block deal

Korea's Doosan Enerbility sells Bobcat stake in $214 mn block deal

South Korea’s major power plant builder Doosan Enerbility Co. has sold a minority stake in Doosan Bobcat Inc., its construction equipment unit...

Samsung Electronics holds biannual global strategy meeting

Samsung Electronics holds biannual global strategy meeting

Samsung Electronics Co. on Tuesday launched its three-day global strategy meeting, a biannual event held in June and December where major executives...

Lotte Rental CEO becomes first owner of Kia EV9

Lotte Rental CEO becomes first owner of Kia EV9

The first owner of Kia Corp.'s EV9 large electric sports utility vehicle (SUV) is Mr. Choi Jin-hwan, President and CEO of Lotte Rental, South Korea'...

Lotte affiliates’ credit ratings downgraded all at once

Lotte affiliates’ credit ratings downgraded all at once

The ratings of Lotte's subsidiaries have been downgraded en masse. Lotte Chemical Corp., the group's cash cow, was cut to AA from AA+.NICE Investors...

Battery materials firms revive Korean cities with new plants

Battery materials firms revive Korean cities with new plants

As South Korean battery materials companies such as LG Chem Ltd., POSCO Future M Co. and EcoPro Co. aggressively step up facility investment, they a...

LG Energy, GM’s JV Ultium Cells to retrofit Tennessee plant to produce LFP batteries KPop Demon Hunters OST lands at No.6 on Billboard Hot 100 K-beauty craze sends Olive Young online sales to new heights Hyundai Motor’s high-stakes gambit in US: Cut vehicle prices as rivals hike With waning MZ interest, is heyday over for S.Korea’s golf apparel market?