Patty-cooking robotics startup Aniai completes seed funding

Patty-cooking robotics startup Aniai completes seed funding

Aniai Inc., a foodservice robotics developer founded by a South Korean, said on Feb. 21 it has attracted $3 million via a seed funding round to boos...

Will CATL’s bargain sales hurt Korean EV battery makers?

Will CATL’s bargain sales hurt Korean EV battery makers?

China’s Contemporary Amperex Technology Co. (CATL), the leading global electric vehicle battery manufacturer, has started a price war in the w...

HYBE not to raise tender offer price for SM Entertainment

HYBE not to raise tender offer price for SM Entertainment

HYBE Co., the label behind the world’s top boyband BTS, said it does not plan to raise its buying price for SM Entertainment Co., denting hope...

S.Korean won near 2-month low as US data fans Fed hike views

S.Korean won near 2-month low as US data fans Fed hike views

The South Korean won skidded to a near two-month low on Friday as hotter-than-forecast US inflation data added to expectations that the Federal Rese...

S.Korea's Engel coefficient rises sharply amid COVID-19 pandemic

S.Korea's Engel coefficient rises sharply amid COVID-19 pandemic

South Korea’s low-income households are feeling the pinch of rising food prices amid the COVID-19 pandemic, according to a report by a local t...

Hyundai Green Food breaks $1.5 billion in sales for first time in 2022

Hyundai Green Food breaks $1.5 billion in sales for first time in 2022

Hyundai Green Food Co., an affiliate of Hyundai Department Store Group, saw its main business unit of food surpass 2 trillion won ($1.5 billion) in ...

Hyundai Capital wins IAAI Award for pioneering AI application

Hyundai Capital wins IAAI Award for pioneering AI application

Hyundai Capital, the financial services arm of the Hyundai Motor Group, was honored with the Innovative Applications of Artificial Intelligence Awar...

S.Korean LPG importers' profits surge on replacement demand

S.Korean LPG importers' profits surge on replacement demand

South Korea’s liquefied petroleum gas (LPG) importers such as E1 Corp. and SK Gas Ltd. saw their operating profit skyrocket in 2022, as a surg...

S.Korea game sector remains in dark after poor earnings

S.Korea game sector remains in dark after poor earnings

South Korea’s game publishers reported dismal quarterly earnings, deepening concerns over their outlook this year amid doubts over measures su...

Electric vehicles in S.Korea beat diesel cars in sales

Electric vehicles in S.Korea beat diesel cars in sales

Sales of electric vehicles (EVs) in South Korea last year including hybrids surpassed those of diesel cars for the first time due to the price of di...

Oasis IPO draws tepid interest from institutional investors

Oasis IPO draws tepid interest from institutional investors

South Korean grocery delivery platform Oasis Corp. saw lukewarm interest from domestic institutional investors during the Feb. 7-8 bookbuilding for ...

S.Korea's InnoGene sets its public offering price at 3,000 won

S.Korea's InnoGene sets its public offering price at 3,000 won

InnoGene, which is seeking to be listed on the Kosdaq market at the end of this month, said on Wednesday that it has confirmed its offering price at...

SK Hynix set for largest-ever corporate bond issue at bargain prices

SK Hynix set for largest-ever corporate bond issue at bargain prices

SK Hynix Inc., the world’s second-largest memory chipmaker, is gearing up for its largest-ever corporate bond issue in South Korea at lower-th...

Korea’s inflation picks up 5.2% in January on high utility prices

Korea’s inflation picks up 5.2% in January on high utility prices

South Korea’s headline inflation accelerated 5.2% year on year in January, reversing its course of slowing in the past two months due to gains...

S.Korea's Woowa Brothers launches professional service robot affiliate

S.Korea's Woowa Brothers launches professional service robot affiliate

Woowa Brothers, the parent company of South Korea's food delivery app Baedal Minjok, on Wednesday spun off its professional service robot unit into ...

Korea's credit card approval volume hit all-time high last year

Korea's credit card approval volume hit all-time high last year

The annual card approval amount in South Korea exceeded 1,000 trillion won ($811.4 billion) for the first time ever. This is largely because of "ret...

POSCO Chem, Samsung SDI ink $33 bn EV battery material deal

POSCO Chem, Samsung SDI ink $33 bn EV battery material deal

POSCO Chemical Co., a battery material unit of South Korea’s steel giant POSCO Holdings Inc., and Samsung SDI Co., the world’s No. 6 ele...

Four out of ten exporters expect raw material prices to rise again this year

Four out of ten exporters expect raw material prices to rise again this year

A survey revealed that a large number of South Korea's major exporters expect troubles ahead for this year due to rising raw material prices and sup...

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...

MBK, Unison agree on tender offer for Korea’s Osstem Implant

MBK, Unison agree on tender offer for Korea’s Osstem Implant

MBK Partners, a leading Asian private equity firm, and Unison Capital Korea agreed on a tender offer to acquire management rights of Osstem Implant ...

Bank's retirement pension soars 15% to $107 bn last year

Bank's retirement pension soars 15% to $107 bn last year

Retirement pensions at banks in the fourth quarter of last year emerged as a haven for money that tried to generate a stable return, shunning away f...

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...

Korea’s top probiotic drink maker hy to expand global biz

Korea’s top probiotic drink maker hy to expand global biz

South Korea’s leading probiotic drink maker hy Co. is seeking to expand its health functional food business into the global market as demand f...

Lotte Chem to sell Pakistan unit for $156 mn to finance other projects

Lotte Chem to sell Pakistan unit for $156 mn to finance other projects

Lotte Chemical Corp. is set to sell its Pakistan unit for 192.4 billion won ($155.8 million won) to a chemical company in the country as the South K...

S.Korean brokerage lowers stock forecast for S-Oil over poor prospects

S.Korean brokerage lowers stock forecast for S-Oil over poor prospects

South Korea's Eugene Investment & Securities on Monday cut S-Oil Corp.'s target share price from 140,000 won ($113.5) to 133,000 won due to a lo...

K-chicken chain Kyochon signs MOU with Taiwanese food conglomerate

K-chicken chain Kyochon signs MOU with Taiwanese food conglomerate

Kyochon F&B, the company operating Kyochon Chicken, said on Friday that it has signed a memorandum of understanding for a master franchise agree...

SPC Group adopts integrated safety check system app for all biz sites

SPC Group adopts integrated safety check system app for all biz sites

South Korea's SPC Group on Wednesday said it has developed an app for an integrated safety inspection system using information and communications te...

Korean cosmetics shares rise as China reopens borders

Korean cosmetics shares rise as China reopens borders

Shares in South Korean cosmetics brands are gaining momentum after brokerage houses lifted their target prices on expectations that China’s bo...

S.Korea resumes egg imports in 13 months due to soaring prices

S.Korea resumes egg imports in 13 months due to soaring prices

As egg prices soared due to the spread of bird flu or avian influenza, the South Korean government resumed imports of eggs to ease price pressure.It...

CJ CheilJedang to expand K-food production facilities overseas

CJ CheilJedang to expand K-food production facilities overseas

South Korean food giant CJ CheilJedang Corp. is slated to increase food manufacturing facilities globally and launch businesses in Australia, Canada...

LG links up with Chinese rivals for budget appliance supremacy Mercedes opens world’s 1st Maybach flagship center in Seoul Blackpink's new single Jump tops Spotify daily chart K-content goes cultural: KPop Demon Hunters sparks heritage K-goods craze POSCO supplies HIC-resistant steel for Aramco’s Fadhili gas plant