first European plant
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Batteries
Samsung SDI, Stellantis agree to build 2nd US battery plant
South Korea’s Samsung SDI Co. and the Netherlands-based automaker Stellantis N.V. have signed a memorandum of understanding (MOU) to build the...
Jul 24, 2023 (Gmt+09:00)
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Travel & Leisure
Korea’s outbound travelers spend 20% more on-year in H1: BC Card
South Korea’s outbound travelers spent 19.8% more in the first half of this year compared with a year ago amid a revival in overseas tourism, ...
Jul 24, 2023 (Gmt+09:00)
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Beauty & Cosmetics
Cosmax extracts raw materials from indigenous plants in Indonesia
Cosmax Inc., South Korea's cosmetics original design manufacturing (ODM) company, announced on Monday that it will unveil a cosmetics raw material b...
Jul 24, 2023 (Gmt+09:00)
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Automobiles
No subsidy, no problem: Hyundai, Kia make top 10 US list for EV sales
Hyundai Motor Co. and Kia Corp. in the first half of the year were among the top 10 in sales of battery electric vehicles (EVs) in the US despite re...
Jul 24, 2023 (Gmt+09:00)
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Batteries
POSCO Future M spurs single-crystal cathode production
GWANGYANG – POSCO Future M Co., the battery materials unit under South Korean steel giant POSCO Holdings Inc., is spurring production of singl...
Jul 23, 2023 (Gmt+09:00)
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Automobiles
Hyundai Transys installs EV-customized seats on Kia EV9
South Korea's auto components maker Hyundai Transys on Thursday said it applied electric vehicle (EV) seat technology customized for electrification...
Jul 20, 2023 (Gmt+09:00)
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Culture & Trends
BTS’ Beyond the Story tops NYT bestseller list
BTS' first official book "Beyond the Story: 10-Year Record of BTS", published in celebration of 10th Anniversary, topped the New York Times bestse...
Jul 20, 2023 (Gmt+09:00)
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Batteries
Road near SK On’s US plant in Georgia named SK Blvd
South Korean battery maker SK On announced on Thursday that a road near its US corporation, SK Battery America's (SKBA) site, has been renamed "SK...
Jul 20, 2023 (Gmt+09:00)
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Food & Beverage
Wine bubble bursts in S.Korea as whisky frenzy grows
The South Korean fever for wine has cooled, with its imports down in the first half for a second straight year as the popularity of whisky among you...
Jul 19, 2023 (Gmt+09:00)
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Korean startups
KKR leads $190 mn Series C funding of fashion platform Musinsa
South Korea’s leading fashion platform Musinsa said on Wednesday it has attracted 240 billion won ($189.7 million) in its Series C funding rou...
Jul 19, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung primed for graphics chip leadership with GDDR7
Samsung Electronics Co., the world’s largest memory chipmaker, has unveiled a next-generation graphics DRAM chip that is faster and more energ...
Jul 19, 2023 (Gmt+09:00)
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Energy
KHNP develops world's first accident monitoring system for nuclear reactors
Korea Hydro & Nuclear Power (KHNP) announced on Wednesday that it has successfully developed the Technical Specification Operator Support System...
Jul 19, 2023 (Gmt+09:00)
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Bio & Pharma
GC Biopharma wins approval for quadrivalent flu vaccine in Egypt
South Korea's GC Biopharma Corp. announced on Wednesday that its quadrivalent influenza vaccine "GC Flu Quadrivalent" has received approval from Egy...
Jul 19, 2023 (Gmt+09:00)
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Energy
Hanwha Q Cells pursues next-gen energy solutions other than solar
Lee Koo-yung, CEO of the solar power unit Qcells Division (Hanwha Q Cells) of South Korea's Hanwha Solutions Corp., on Monday said, "We will go beyo...
Jul 19, 2023 (Gmt+09:00)
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Asset management
Mirae Asset’s global ETFs exceed $100 bn in net asset value
Mirae Asset Global Investments Co., South Korea’s leading asset manager, said on Tuesday its exchange-traded funds (ETFs) worldwide have surpa...
Jul 18, 2023 (Gmt+09:00)
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Automobiles
Hyundai Santa Fe’s full makeover yields boxier look
Hyundai Motor Co. on Tuesday premiered a new look for its steady-selling SUV Santa Fe. The complete transformation — its first in five years &...
Jul 18, 2023 (Gmt+09:00)
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Entertainment
Blackpink YouTube exceeds 90 mn subscribers
K-pop girl group Blackpink's official YouTube channel subscribers surpassed 90 million on July 17 at 5:36 a.m., according to YG Entertainment Inc.Th...
Jul 17, 2023 (Gmt+09:00)
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Batteries
Lotte Materials invests in French silicon cathode materials startup
Lotte Energy Materials Corp., formerly Iljin Materials and now a copper foil manufacturing subsidiary of South Korea's Lotte Chemical Corp., on Sund...
Jul 17, 2023 (Gmt+09:00)
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Hydrogen economy
Doosan Enerbility, Johnson Matthey to develop ammonia cracking tech
South Korea’s power plant builder Doosan Enerbility Co. announced on Monday that it signed an R&D agreement with the UK-based chemical com...
Jul 17, 2023 (Gmt+09:00)
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Korean food
Nongshim, the ‘Parasite’ food maker, aims big in US
Nongshim Co., South Korea’s largest instant noodle maker, is a beneficiary of the success of the Oscar-winning film Parasite as well as the ou...
Jul 14, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor premieres first high-performance EV IONIQ 5 N
The IONIQ 5 N – Hyundai Motor Co.'s first all-electric high-performance car under its N brand – made its world premiere on Thursday, wit...
Jul 13, 2023 (Gmt+09:00)
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Construction
Hyundai E&C to commercialize CCS for the first time in S.Korea
South Korea's Hyundai Engineering & Construction announced that it has won the contract for the preliminary front-end engineering and design (Pr...
Jul 13, 2023 (Gmt+09:00)
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Electronics
LG releases world's first connection cable-free OLED TV
LG Electronics Inc. on Thursday announced its release of the world's first wireless OLED TV, LG Signature OLED M.As the world's first OLED TV to hav...
Jul 13, 2023 (Gmt+09:00)
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Automobiles
EV9 SUV to be Kia’s 1st EV assembled in US
Kia Corp. will spend over $200 million to transform part of its assembly plant in the US state of Georgia to manufacture its second all-electric SUV...
Jul 13, 2023 (Gmt+09:00)
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Hydrogen economy
Hanwha Solutions, SK D&D team up for hydrogen fuel cell, solar power
South Korea's Hanwha Solutions Corp. and SK D&D have signed a strategic memorandum of understanding (MOU) to jointly pursue hydrogen fuel cell...
Jul 12, 2023 (Gmt+09:00)
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Business & Politics
Korea revives nuclear power for its 2024-2038 energy plan
South Korea is slated to bring forward action steps on its power supply plan for the 2024-2038 period, with a possibility to review building more nu...
Jul 11, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor chairman visits Intel, seeking stable supply of chips
Hyundai Motor Group Chairman Chung Euisun toured Intel Corp.’s Leixlip Campus in County Kildare, Ireland last week to check out the latest tec...
Jul 10, 2023 (Gmt+09:00)
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Automobiles
Genesis rewrites Hyundai story, shedding Honda copycat image
Once dismissed as a Honda copycat, Hyundai Motor Co. is poised to pass yet antother milestone, with its luxury brand Genesis on track to top 1 milli...
Jul 07, 2023 (Gmt+09:00)
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Debt financing
Hyundai-LG’s Indonesia battery financing chosen as Asia deal of 2022
The $711 million financing organized by Hyundai Motor Co. and LG Energy Solution Ltd. last year for their battery joint venture in Indonesia has bee...
Jul 06, 2023 (Gmt+09:00)
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Artificial intelligence
Kakao Entertainment launches AI brand Helix
South Korea's Kakao Entertainment on Thursday launched the artificial intelligence (AI) brand Helix, with its first service Helix Push recommending ...
Jul 06, 2023 (Gmt+09:00)
Latest News
- 1 LS Electric poised to join Nvidia's supply chain via Vertiv deal
- 2 Is chip winter over? Doomsayers gone as Korea’s DRAM exports surge
- 3 S.Korea to have 1st civilian defense minister in decades, tap career technocrats
- 4 Fubon Bank expands Korea presence into banking
- 5 Hana Asset launches ultra-low-fee Nasdaq 100 ETF