Hyundai, Kia post record-high Jan. sales figures in US

Hyundai, Kia post record-high Jan. sales figures in US

Hyundai Motor Co. and Kia Corp. posted the highest sales record in the US market in January. Hyundai Motor America said on Wednesday that it sold 52...

Hanmi's Rolvedon set to post $10 mn in Q4 net sales in US

Hanmi's Rolvedon set to post $10 mn in Q4 net sales in US

South Korean drugmaker Hanmi Pharmaceutical Co.’s neutropenia agent, Rolvedon (eflapegrastim-xnst), is forecast to achieve about $10 million i...

Korean Air reports strongest performance ever in 2022

Korean Air reports strongest performance ever in 2022

Korean Air Lines Co. had its strongest performance ever in 2022, as it successfully cashed in on a thriving cargo business and a full recovery in pa...

S.Korea likely to suffer recession as Jan exports tumble

S.Korea likely to suffer recession as Jan exports tumble

South Korea is likely to head for a recession for the first time in three years as exports of Asia’s fourth-largest economy in January dropped...

SGC Solutions expands overseas sales channels for its brand Glasslock

SGC Solutions expands overseas sales channels for its brand Glasslock

South Korea's glassware maker SGC Solutions said Tuesday that it has signed a memorandum of understanding (MOU) with the Korea Small & Medium Bu...

Samsung to advance solid-state battery output after record sales

Samsung to advance solid-state battery output after record sales

South Korea’s Samsung SDI Co. reported its largest-ever profit and revenue last year, which will drive its efforts to produce solid-state batt...

Kakao Mobility to pursue joint development with 4 major delivery services

Kakao Mobility to pursue joint development with 4 major delivery services

South Korea's transportation company Kakao Mobility on Monday said it concluded a "delivery service business agreement for joint development of the ...

Philip Morris, KT&G extend sales partnership to 2038

Philip Morris, KT&G extend sales partnership to 2038

KT&G Corp., the world's fifth-largest tobacco maker, has extended its sales partnership with US cigarette giant Philip Morris International Inc....

Samsung Biologics’ profit near doubles on strong orders

Samsung Biologics’ profit near doubles on strong orders

Samsung Biologics Co., the world’s top contract drugmaker, said its profit almost doubled last year thanks to more orders as its sales surged ...

KT&G refuses activist funds' call for ginseng biz spinoff

KT&G refuses activist funds' call for ginseng biz spinoff

KT&G Corp., the world’s fifth-largest tobacco maker, on Thursday refused activist funds' requests to spin off and list its ginseng unit wh...

Hyundai vows $8.5 billion investment after record 2022 sales, profit

Hyundai vows $8.5 billion investment after record 2022 sales, profit

South Korea’s top automaker Hyundai Motor Co. said on Thursday it will spend 10.5 trillion won ($8.5 billion) this year to ramp up facilities ...

Celltrion Healthcare launches anti-cancer biosimilar Vegzelma in Japan

Celltrion Healthcare launches anti-cancer biosimilar Vegzelma in Japan

Celltrion Healthcare Co. Ltd. said on Thursday that it launched Vegzelma, a biosimilar to the anti-cancer drug Avastin (active ingredient: bevacizum...

Samsung Biologics CEO focuses on global business

Samsung Biologics CEO focuses on global business

John Rim, chief executive of Samsung BioLogics will directly lead his company's global sales operations for biopharmaceuticals through contract deve...

Korean tractor exports hit record high of $1.3 bn in 2022

Korean tractor exports hit record high of $1.3 bn in 2022

Exports of South Korean tractors hit a fresh record high for the second consecutive year in 2022, according to Korea Customs Service on Jan. 24. Kor...

Hyundai Motor sells 1 mn electric vehicles worldwide

Hyundai Motor sells 1 mn electric vehicles worldwide

In 11 years since Hyundai Motor Group started selling electric vehicles (EVs), the cumulative sales volume of EVs in the global market has finally s...

Poongsan’s sale of ammunition, artillery shells surges on Ukraine war

Poongsan’s sale of ammunition, artillery shells surges on Ukraine war

Poongsan Corp., one of South Korea’s leading copper smelters and defense equipment makers, saw its sales of ammunition and artillery shells su...

Carrier’s Korea JV aims to raise sales with cold chain biz

Carrier’s Korea JV aims to raise sales with cold chain biz

Carrier Global Corp.’s joint venture in South Korea aims to ramp up sales with the cold chain business, the series of actions and equipment ap...

Kia Sportage selected Family SUV of Year by UK auto journal

Kia Sportage selected Family SUV of Year by UK auto journal

Kia Corp. said on Friday that its sport utility vehicle (SUV) Sportage has been named Family SUV of the Year by the British automotive magazine What...

ST Pharm exports $14.6 mn worth of drug ingredients to Europe

ST Pharm exports $14.6 mn worth of drug ingredients to Europe

ST Pharm Co., a South Korean company specializing in contract development and manufacturing of drug ingredients, has signed a supply contract worth ...

Genie's overseas sales of music sources surge with K-pop boom

Genie's overseas sales of music sources surge with K-pop boom

Genie Music Corp., a music content distributor of South Korean telecommunication giant KT Corp., said on Jan. 19 that its overseas sales of music so...

Epikar inks MOU with Singapore's NTU Research Center

Epikar inks MOU with Singapore's NTU Research Center

South Korea's auto distribution digital solutions company Epikar said on Wednesday that it has signed a memorandum of understanding (MOU) for R&...

Woori Financial to acquire VC firm Daol Investment

Woori Financial to acquire VC firm Daol Investment

South Korea’s Woori Financial Group is set to acquire Daol Investment Co., a venture capital arm of the liquidity-strapped Daol Financial Grou...

Medical platform operator Integration raises $8 mn in Series B funding

Medical platform operator Integration raises $8 mn in Series B funding

Integration Inc., which operates specialized platforms for medical personnel such as Traditional Korean Medicine doctors and dentists, has raised 10...

Samsung hires ex-Yogiyo CEO to lead online sales as rivals axe jobs

Samsung hires ex-Yogiyo CEO to lead online sales as rivals axe jobs

Samsung Electronics Co. has hired Kang Shin-bong, former chief executive of Yogiyo, South Korea’s second-largest food delivery platform, to le...

Travel sales for SE Asia, Japan sell out in South Korea

Travel sales for SE Asia, Japan sell out in South Korea

South Korean travelers are loosening their purse strings on the occasion of the Lunar New Year, with overseas travel sales for one of the biggest ho...

Hanwha Systems opens UAE branch as core base for Mideast exports

Hanwha Systems opens UAE branch as core base for Mideast exports

South Korea's Hanwha Systems Co. on Thursday opened a branch office in Abu Dubai, the United Arab Emirates in the wake of the company's business gro...

KAI aims to become world's No. 7 aerospace company by 2050

KAI aims to become world's No. 7 aerospace company by 2050

Korea Aerospace Industries Ltd. (KAI) seeks to become the world's No. 7 aerospace company by 2050, aiming to rival the likes of global defense giant...

Korea's Webcash to expand B2B fintech solutions in Cambodia

Korea's Webcash to expand B2B fintech solutions in Cambodia

Webcash Co. a leading business-to-business (B2B) fintech solutions provider in South Korea, said on Thursday its Cambodian affiliate KOSIGN and Phno...

Powertrain maker Hyundai Transys set to post record-high 2022 revenue

Powertrain maker Hyundai Transys set to post record-high 2022 revenue

Hyundai Transys Co., a Hyundai Motor Group unit that makes powertrains and seats, said on Wednesday that it is estimated to have achieved record-hig...

Hyundai, Kia post record sales in India; to build IONIQ 5 locally

Hyundai, Kia post record sales in India; to build IONIQ 5 locally

South Korea’s two leading automakers – Hyundai Motor Co. and Kia Corp. – are solidifying their presence in India, a fast-growing A...

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 South Korea moves to mandate treasury share cancellation