Amorepacific's profit halves on weak sales in China; shares drop

Amorepacific's profit halves on weak sales in China; shares drop

South Korean cosmetics giant Amorepacific Group's stock closed at 3,400 won ($2.6) on Wednesday, down 12.1% after the group announced disappointing ...

AliExpress’ zero-commission offer jolts Coupang, Naver

AliExpress’ zero-commission offer jolts Coupang, Naver

AliExpress, an e-commerce arm of China’s Alibaba Group, has offered Korean companies zero commissions, under which it will not charge a sales ...

Korean banks stop ELS sales after HSCEI debacle

Korean banks stop ELS sales after HSCEI debacle

South Korean banks are scurrying to suspend the sale of equity-linked securities (ELS) after the country’s financial regulator said it may con...

S.Korea’s duty-free industry going downhill

S.Korea’s duty-free industry going downhill

The South Korean travel retail industry, once considered the country’s golden goose, is forced to streamline operations given no signs of a dr...

UBS, Citigroup to handle sale of KKR’s JV with Korean builder

UBS, Citigroup to handle sale of KKR’s JV with Korean builder

UBS Group AG and Citigroup Global Markets Inc. are set to manage the sale of a joint venture between global private equity giant KKR Co. Inc. and ai...

Hyundai, BAIC join hands to develop China-only EV brand

Hyundai, BAIC join hands to develop China-only EV brand

BEIJING – Hyundai Motor Co. has joined hands with Beijing Motor Corp. (BAIC) to debut a new electric vehicle brand specifically tailored to Ch...

Hyundai Mobis sees record high performance in 2023

Hyundai Mobis sees record high performance in 2023

South Korea’s Hyundai Mobis, the world’s sixth-largest auto parts maker, reported on Friday that its revenue was 59.25 trillion won ($44...

Nongshim to open brand zone in Myeongdong, Seoul

Nongshim to open brand zone in Myeongdong, Seoul

South Korean food and beverage giant Nongshim Co. announced on Friday that it will open its brand zone in Myeongdong, Seoul with the domestic street...

LG Electronics likely ahead of Whirlpool with record 2023 sales

LG Electronics likely ahead of Whirlpool with record 2023 sales

LG Electronics Inc. is consolidating its lead over Whirlpool Corp. as the world’s top home appliances maker as the South Korean electronics ma...

SK Hynix swings to profit; sees 60% surge in HBM demand

SK Hynix swings to profit; sees 60% surge in HBM demand

SK Hynix Inc. turned a profit in the last quarter of 2023, reversing losses over the past four quarters as high-performance chips such as doubl...

Kia posts record 2023 sales, profit with bold 2024 business targets

Kia posts record 2023 sales, profit with bold 2024 business targets

Kia Corp., South Korea’s second-largest automaker, on Thursday posted record 2023 profit and sales revenue, driven by strong sales of pricey m...

Nongshim sees record-high Shin Ramyun sales

Nongshim sees record-high Shin Ramyun sales

South Korean food and beverage giant Nongshim Co. announced on Wednesday that its signature instant noodle brand Shin Ramyun saw a record high of ...

LG Channels poised to take off in India as new cash cow

LG Channels poised to take off in India as new cash cow

LG Electronics Inc.'s transformation into a media and entertainment platform is gaining traction as its free web-based television streaming service ...

HiteJinro signs land agreement for Vietnam soju plant

HiteJinro signs land agreement for Vietnam soju plant

HiteJinro Co., a South Korean alcoholic beverage company, has signed a land agreement for its planned soju plant in Vietnam. The agreement marks a m...

HD Hyundai Marine Solution to enter ship cyber security

HD Hyundai Marine Solution to enter ship cyber security

South Korea’s HD Hyundai Marine Solution announced on Monday that it has signed a memorandum of understanding (MOU) with the domestic security...

Hyundai Glovis invests in stake of EV battery recycler

Hyundai Glovis invests in stake of EV battery recycler

South Korean shipping and logistics company Hyundai Glovis Co. announced on Monday that it has signed a share subscription agreement (SSA) related t...

Hyundai Motor Group holds firm as world’s No. 3 carmaker

Hyundai Motor Group holds firm as world’s No. 3 carmaker

South Korea’s Hyundai Motor Group kept its title as the world's third-largest automaker by sales volume for the second straight year in 2023, ...

Tech spies face tougher Korean penalties; 18 years in jail for overseas leaks

Tech spies face tougher Korean penalties; 18 years in jail for overseas leaks

South Korea plans to dole out harsher punishments for industrial espionage, with a proposal to triple the penalty for an overseas leak of national t...

Korean military fund anchors $142 mn real estate fund

Korean military fund anchors $142 mn real estate fund

South Korea’s Military Mutual Aid Association (MMAA), a retirement savings fund for military personnel, is set to become an anchor investor in...

Hyundai Motor, Kia rank 4th in Europe with record 2023 sales

Hyundai Motor, Kia rank 4th in Europe with record 2023 sales

South Korea’s top automaker Hyundai Motor Group saw its vehicle sales in Europe rise to a fresh record high in 2023, driven by sport utility v...

Korean corporate debt sale hits snag amid Taeyoung woes

Korean corporate debt sale hits snag amid Taeyoung woes

The South Korean corporate bond market is taking a direct hit from growing credit crunch concerns in the country’s construction sector trigger...

Korea’s Kia to set up sales unit in Thailand; EV plant an option

Korea’s Kia to set up sales unit in Thailand; EV plant an option

South Korea’s second-largest automaker Kia Corp. plans to establish a sales subsidiary in Thailand as part of its electric vehicle push in the...

Semiconductors power Korea’s tech exports to 15-month high

Semiconductors power Korea’s tech exports to 15-month high

South Korea’s tech products exports rose for a second straight month to a 15-month high in December 2023 as overseas sales of semiconductors e...

Lotte Chem’s sale of Pakistani PTA unit falls through

Lotte Chem’s sale of Pakistani PTA unit falls through

Lotte Chemical Corp.'s plan to sell off its Pakistani PTA subsidiary to local chemicals producer Lucky Core Industries Ltd. has collapsed, a year af...

Bulgogi & ramyun top Jeju Air's in-flight menu in 2023

Bulgogi & ramyun top Jeju Air's in-flight menu in 2023

South Korea'st budget carrier Jeju Air Co. announced on Monday that its most popular in-flight meals and cabin cafe items in 2023 were bulgogi deopb...

LG Elec to expand ad-supported streaming service with TV OS

LG Elec to expand ad-supported streaming service with TV OS

LAS VEGAS -- LG Electronics Inc., the leading global home appliance maker, plans to expand its free ad-supported streaming television (FAST) busines...

Seoul kicks off Korea Grand Sale 2024 to double foreign tourists

Seoul kicks off Korea Grand Sale 2024 to double foreign tourists

South Korea on Thursday kicked off a push to nearly double the number of foreign tourists visiting the country this year to 20 million by hosting a ...

Upstage installs Solar in KakaoTalk AI services

Upstage installs Solar in KakaoTalk AI services

South Korea’s artificial intelligence (AI) tech startup Upstage announced on Thursday that its small language model (SLM) Specialized and Opti...

LG Elec to raise capex, R&D spending; eyes acquisition

LG Elec to raise capex, R&D spending; eyes acquisition

LAS VEGAS -- LG Electronics Inc., the leading global home appliance maker, plans to spend more on capital expenditures, as well as research and deve...

Samsung heirs tap $2.1 bn block sale for inheritance taxes

Samsung heirs tap $2.1 bn block sale for inheritance taxes

The heirs of late Samsung Group Chairman Lee Kun-hee are seeking to sell their shares in Samsung Electronics Co. and other Samsung affiliates worth ...

South Korea’s Lee completes cabinet lineup with IT executive, lawmaker Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media Return of the K-pop queens: Blackpink, Twice power up YG, JYP Samsung to launch AI health coach beta in US by end-2025