HBO, Paramount to enter Korea via local OTT players

Two US streaming platforms HBO Max and Paramount Plus will be launching South Korean services this year via domestic over-the-top (OTT) players in a...

Celltrion to sell biosimilar products via its own channel in Europe

South Korea's biopharmaceutical company Celltrion Inc. plans to sell all of its biosimilar products through its own sales channels in Europe to impr...

Korean app market One Store to venture into SE Asia

One Store Co., South Korea's homegrown app store, will venture into Taiwan and Southeast Asia within the year, aiming to crack Google and Apple's du...

Korea’s SFA Engineering aims for top spot in smart factory market

SFA Engineering Corp., a small South Korean equipment maker, has for decades been known for its automated machines used in the manufacture of displa...

NH-Amundi sells Yuanta's Seoul office to Capstone for $242 bn

South Korea’s NH-Amundi Asset Management Co. said on Monday that it completed selling Yuanta Securities Co.’s Korean headquarters to C...

Nongshim eyes top spot in global instant noodle market

South Korea’s No. 1 noodle maker Nongshim Co. is aiming for top place in the world’s instant noodle market, looking to beat the current ...

LG CNS eyes 2023 IPO to pave way for Macquarie's exit

South Korea's LG CNS Co., 35% owned by Macquarie Group, sent requests for proposals to brokerage companies on Monday as it is looking to go public n...

LG Display to drastically cut LCD output as Chinese rivals churn it out

LG Display Co., a major South Korean display panel maker, plans to drastically cut production of its liquid crystal display panels for TVs, as it fa...

Shinhan to boost Vietnam digital services with Tiki

South Korea's Shinhan Financial Group has picked Vietnam’s e-commerce startup Tiki as its first strategic partner in the Southeast Asian count...

Samsung Electronics shares rebound as foreigners turn net buyers

Shares of Samsung Electronics Co., the largest stock on South Korea’s main bourse, rose strongly on Friday, snapping a five-day losing streak,...

SK, BlackRock team to bet on EV charging station maker

  SK Inc., the holding company of South Korean conglomerate SK Group, has committed to invest $5 million in US electric vehicle charging stati...

Korea contractor for TSMC, Airbus aims to top anodizing sector

South Korea’s YKMC Inc., an integrated contract manufacturer for global companies such as Taiwan Semiconductor Manufacturing Co. (TSMC) and Ai...

Korean golf course price likely to set new record per hole

The price of a public golf course in South Korea has surged 35% in one and a half years to set the highest per-hole selling price for a Korean golf ...

Dongkuk buys 15% stake in Vietnamese steel fabricator

Dongkuk Steel Mill Co., South Korea’s leading color-coated steel manufacturer, said on Wednesday it has acquired a 15% stake in VSSC Steel Cen...

Black Desert by Pearl Abyss tops China app market

South Korean game developer and publisher Pearl Abyss announced Tuesday the mobile version of its cross-platform MMORPG Black Desert has claimed f...

Foreign ownership of Korean shares hits lowest level since 2010

Foreign investors’ holding rate in South Korea’s main bourse Kospi has plunged to the lowest level since 2010. The investors have dispos...

SK Ecoplant to build largest commercial data center in Korea

South Korea’s SK Ecoplant Co., formerly known as SK Engineering & Construction Co., is slated to develop the largest commercial data cen...

S.Korean boiler manufacturers turn to overseas markets

Kyungdong Navien Co. revealed on Sunday that overseas sales account for more than 60% of its total sales on the back of strong exports to the United...

Korea reiterates reform plans to join MSCI developed markets

South Korea’s Finance Minister Hong Nam-ki reiterated the country will take reform measures such as the extension of the local currency's trad...

Naver to cut costs for profitability after disappointing Q1

Naver Corp., South Korea’s dominant online platform, will focus on cutting costs and reducing new hiring to improve profitability as its disap...

Cosmax strengthens eco-friendly marketing in Southeast Asia

Cosmax Inc., a major South Korean original design manufacturer (ODM) for L'Oréal and other global cosmetics giants, is strengthening its ma...

CJ integrates AI infrastructure and data to launch CJ AI center

CJ Corp. launched an artificial intelligence center Wednesday, which it hopes will lead the conglomerate's digital innovation. The new CJ AI Cente...

Fortune-telling app receives $4 mn in Altos Ventures-led Series A funding

Chunmyung and Company, the operator of its namesake fortune-telling app, announced on Tuesday it has secured Series A funding worth five billion w...

Hyundai Motor enters metaverse sphere in tie-up with Meta Kongz

South Korea’s top automaker Hyundai Motor Co. has announced its foray into the non-fungible token market in partnership with Meta Kongz, an NF...

SUV, minivan sales reach 52% of car market in Q1

Sales of leisure vehicles in South Korea, primarily sport utility vehicles (SUVs) and minivans, exceeded half of domestic finished car sales in the ...

Korea shipbuilders shine in cloudy stock market on strong orders

South Korean shipbuilders’ shares stood high in the subdued local stock market as strong order books stoked predictions of earnings improvemen...

IONIQ 5 emerges as EV game changer with industry accolades

NEW YORK – Hyundai Motor Co.'s all-electric IONIQ 5 crossover has been named the World Car of the Year following a series of recent indus...

Kakao Entertainment sets up content ecosystem with M&As

Kakao Entertainment Corp., a unit of South Korea’s top mobile messenger app operator, has established its own content ecosystem including crea...

SK Telecom steps up metaverse push with Morph Interactive purchase

SK Telecom Co., South Korea’s top mobile carrier, has made an equity investment in Morph Interactive Co., a local three-dimensional graphics c...

KT taps Vietnam for digital healthcare and AI-powered diagnosis

KT Corp., a major telecommunications company in South Korea, is set to enter the Vietnamese healthcare market with a pilot telemedicine service an...