Hyundai eyes LNG ship-to-floating storage unit conversion market

The ongoing war in Ukraine and tougher emission standards are creating a new market for shipbuilders: converting aged liquefied natural gas (LNG) ca...

China rules EV market with fleet sales; Hyundai targets retail

Chinese electric vehicle makers are expanding their shares in key markets such as the US and Europe through fleet sales, while South Korea’s H...

Hyundai’s auto exports to Russia cut by half in February, hit by war

Hyundai Motor Co.'s car exports to Russia have dwindled by nearly half in the latest indication that global automakers are feeling the pinch due to ...

Offices in Gangnam attract global investors amid market volatility

South Korean and overseas institutional investors are eyeing offices in Gangnam District, Seoul, amid concerns over inflation and market volatilit...

Korean shipbuilders see material impact from sanctions on Russia

International sanctions on Russia over its invasion of Ukraine are set to have a material impact on South Korea’s three largest shipbuilders, ...

Hyundai Heavy targets $2.5 bn Saudi escort ships deal

South Korea’s Hyundai Heavy Industries Holdings Co. targets Saudi Arabia’s project for new escort ships worth up to $2.5 billion. The wo...

Lotte invests in Canada's edible insect food company

South Korea's Lotte Confectionery Co. has invested around 10 billion won ($8 million) in Canada’s edible insect protein producer Aspire Food G...

Pearl Abyss releases mobile game Black Desert in China in April

South Korean game developer and publisher Pearl Abyss set a China release date of April 27 for its cross-platform MMORPG Black Desert on the App Sto...

Korean won extends losses as oil hits 14-year high

South Korea’s won currency skidded to a fresh low in nearly two years as oil prices spiked to a 14-year peak with fears of a prolonged war bet...

Korean SPAC Valuence Merger debuts on Nasdaq, targets bio M&As

Valuence Merger Corp. 1, a special purpose acquisition company (SPAC), led by South Korean fund managers, has debuted on the Nasdaq, targeting Asian...

Hyosung to expand carbon fiber production for hydrogen tanks

South Korea’s Hyosung Advanced Materials Corp. is expanding its carbon fiber production by adding a third line to meet the growing demand for ...

Samsung, LG fret over shipping lines’ delivery halt to Russia

Samsung Electronics Co. and LG Electronics Inc., South Korea’s two major exporters, are jittery about global shipping lines’ decision to...

Hyundai accelerates electrification strategy, targets 7% of EV market

South Korea’s top automaker Hyundai Motor Group on Wednesday set out its vision to become a top-tier eco-friendly auto brand by accelerating i...

Korean bio ventures struggle with fundraising

Biopharmaceutical companies of South Korea are having a tough time fundraising of late. Bio ventures without specific public offering plans are pa...

LG Elec signs 5G vehicle connectivity deal in Europe

LG Electronics Inc. has signed a deal on 5G vehicle connectivity with a European premium carmaker as the South Korean company is expanding its marke...

Hyundai Glovis aims to top global car transport market

Hyundai Glovis Co., the world’s second-largest car shipping company, aims to top the industry with an expansion of its fleet, specializing in ...

S.Korea to support firms to offset damage of Ukraine crisis

South Korea is set to provide financial support of up to $1.7 billion to exporters in a move to minimize the impact of the escalating crisis in Ukra...

LG Energy faces reality check as its stock turns a market laggard

South Korean battery maker LG Energy Solution Ltd. was touted as a market darling even before its Kospi debut last month, reflecting the investor fr...

Skincare giant Cosmax adds pet care line

South Korea’s beauty products manufacturer Cosmax Inc. has entered the rapidly growing pet products market.The company specializes in receiv...

China’s Geely challenges Hyundai with entry to Korea’s e-truck market

China’s largest privately owned carmaker Zhejiang Geely Holding Group Co. is entering South Korea’s electric truck market to compete wit...

LG Electronics to pull out of solar panel market

South Korea's LG Electronics Inc. said on Wednesday it has decided to close its solar panel business in the face of deepening competition and sluggi...

Korean battery sector to heat up IPO market again

South Korea’s battery industry is expected to heat up the initial public offering market later this year as battery materials and equipment ma...

K-beauty vegan rebel Dear Dahlia in Paris' Galeries Lafayette

South Korean cosmetics brand Dear Dahlia successfully opened a boutique in Europe’s largest department store in 2019 – just two years ...

Chicken startup shakes up crowded market with robotic arms

Preparing fried chicken requires a simple, but laborious process: Placing pieces of chicken on dough and frying powder; putting them into an iron ba...

SK On aims to dominate global battery market by 2030

SK On Co. is on track to become the world’s No. 1 battery maker by 2030, the company said on Sunday. During an interview with the in-ho...

Samsung, LG dominate global TV market with premium models

South Korea’s two home appliances giants – Samsung Electronics Co. and LG Electronics Inc. – dominated the global TV markets last ...

Samsung SDS joins hands with Amazon for global cloud business

Samsung SDS Co., South Korea’s information technology service company, is set to expand its global cloud service business in cooperation with ...

LG Energy acquires ESS company in US from Japan's NEC

LG Energy Solution Ltd. has acquired US-based NEC Energy Solutions to expand its capabilities into the energy storage system (ESS) integration mar...

NCSoft's 2021 profit halves on labor, marketing costs

South Korea's NCSoft Corp., the publisher of the popular mobile game Lineage series, on Tuesday reported a worse-than-expected operating profit in 2...

Samsung regains top spot in SE Asia smartphone market

Samsung Electronics Co. outpaced Chinese rival Oppo last year to regain the top spot in the smartphone market in four major Southeast Asian countrie...