HD KSOE wins $230 mn order for two VLGCs

HD KSOE wins $230 mn order for two VLGCs

South Korea's HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) on Friday said it has secured its first order this year for two very la...

Korean fried chicken: World's favorite K-food

Korean fried chicken: World's favorite K-food

In 2023, Korean-style fried chicken retained its crown as the most-loved Korean dish among global consumers, marking its fourth consecutive year a...

BMW overtakes Mercedes-Benz as top-selling foreign carmaker in S.Korea

BMW overtakes Mercedes-Benz as top-selling foreign carmaker in S.Korea

BMW has overtaken Mercedes-Benz in the South Korean market, regaining the top spot in the foreign automobile sales segment for the first time in eig...

Korea’s top regulator detects more foreigners’ naked shorting

Korea’s top regulator detects more foreigners’ naked shorting

South Korea’s top financial regulator is detecting more circumstances of naked short-selling worth tens of millions of dollars by foreign inve...

HD KSOE lowers order target by 39% in 2024

HD KSOE lowers order target by 39% in 2024

South Korea’s HD Korea Shipbuilding & Offshore Engineering (HD KSOE) announced on Thursday that it has lowered its order target for this y...

Memory chipmaker SK Hynix to raise $1 bn in dollar bonds

Memory chipmaker SK Hynix to raise $1 bn in dollar bonds

South Korea’s SK Hynix Inc., the world’s second-largest memory chipmaker, is seeking to raise about $1 billion in dollar bonds.The chipm...

DN Solutions seeks IPO at $3 bn enterprise value on Korea’s main bourse

DN Solutions seeks IPO at $3 bn enterprise value on Korea’s main bourse

DN Solutions Co., formerly Doosan Machine Tools Co., is seeking an initial public offering on South Korea’s main bourse, aiming to make a Kosp...

Korean semiconductor startups shine in venture downturn

Korean semiconductor startups shine in venture downturn

South Korean startups in the semiconductor, eco-friendly and electric vehicle battery sectors succeeded in attracting investors in the second half o...

LG OLED TV named Best TV in US

LG OLED TV named Best TV in US

LG Electronics Inc. 's organic light emitting diode (OLED) evo 65G3 was named as Best TVs Overall in the Consumer Reports' Best TVs of 2024, accordi...

CGBio gets FDA approval for Novosis Putty

CGBio gets FDA approval for Novosis Putty

South Korea's bio-regenerative medical firm CGBio announced on Tuesday that its Novosis Putty has been designated as a breakthrough device by the US...

KEPCO sells 15% stake in KEPCO E&C for $269 million

KEPCO sells 15% stake in KEPCO E&C for $269 million

Korea Electric Power Corp. (KEPCO), South Korea’s state-owned utility company grappling with mounting losses, has secured additional funds of ...

LG to double CES 2024 exhibition booth

LG to double CES 2024 exhibition booth

LG Electronics Inc. will double its dedicated exhibition booth for the LG Labs marketing platform at CES 2024, the world's largest IT and consumer e...

CJ CheilJedang to boost K-Street Food exports

CJ CheilJedang to boost K-Street Food exports

Korean food giant CJ CheilJedang Corp. is seeing major success with its "K-Street Food" line, a selection of iconic Korean street snacks with global...

Foreign net buying of Samsung Elec at record high in 2023

Foreign net buying of Samsung Elec at record high in 2023

Foreign investors turned net buyers of Samsung Electronics Co. in 2023, reversing their selling spree of the stock over past three years, as the sem...

Samsung, SK Hynix join forces with foreign rivals to win AI chip war 

Samsung, SK Hynix join forces with foreign rivals to win AI chip war 

South Korea’s two chip giants Samsung Electronics Co. and SK Hynix Inc. are expected to further deepen ties with rivals and customers from aro...

CJ CheilJedang opens online B2B section

CJ CheilJedang opens online B2B section

South Korean food giant CJ CheilJedang Corp. introduced a business-to-business (B2B) section CJ The Market for Biz on its e-commerce website CJ The ...

S.Korea to allow hiring of foreign workers in hotels, resorts

S.Korea to allow hiring of foreign workers in hotels, resorts

The South Korean government said on Friday that it would grant the hiring of foreign workers in hotels and resorts from next year.The hotel and reso...

Korea to domestically develop air-to-air missiles for KF-21

Korea to domestically develop air-to-air missiles for KF-21

South Korea plans to develop short-range, air-to-air missiles to be mounted on the Korean fighter KF-21 with homegrown technology by 2035 in a 591.9...

Korea's KDB establishes innovation fund for auto parts companies

Korea's KDB establishes innovation fund for auto parts companies

The state-run Korea Development Bank (KDB) announced on Friday that it has established the KDB-Quantum Mobility Value Chain Open Innovation Fund wor...

Ilhwa to export McCOL to South Africa

Ilhwa to export McCOL to South Africa

South Korea’s Ilhwa Co. on Friday that its flagship barley carbonated beverage McCOL will be exported to the Republic of South Africa. Th...

Daewoo E&C opens theme park Ice Jungle in Phu Quoc

Daewoo E&C opens theme park Ice Jungle in Phu Quoc

South Korea's Daewoo Engineering & Construction Co. (Daewoo E&C) opened the digital theme park Ice Jungle in its ongoing luxury residential ...

Foreign visitors to S.Korea to surpass 10 mn in 2023

Foreign visitors to S.Korea to surpass 10 mn in 2023

The number of foreign tourists visiting South Korea will exceed 10 million this year, according to the Korea Tourism Organization (KTO). Accordi...

HD Hyundai Oilbank launches dedicated EV lubricant

HD Hyundai Oilbank launches dedicated EV lubricant

South Korea’s HD Hyundai Oilbank said on Thursday that it launched a new dedicated electric vehicle (EV) lubricant brand the Hyundai XTeer EVF...

Food tech market emerges as IT firms' new battleground

Food tech market emerges as IT firms' new battleground

The food technology market is set to become the new battleground for tech giants and startups as they race to develop the world's most customized an...

S.Korea's perfume duty free limit to rise by 100 ml in 2024

S.Korea's perfume duty free limit to rise by 100 ml in 2024

South Korean government will raise the duty-free limit of perfume from 60 ml to 100 ml in January 2024. The Ministry of Economy and Finance announce...

Celltrion applies for approval of Xolair biosimilar in Canada

Celltrion applies for approval of Xolair biosimilar in Canada

South Korean biopharmaceutical company Celltrion Inc. announced on Wednesday that it has applied for CT-P39, a biosimilar of the treatment of asth...

This country will police ‘shrinkflation’ at the supermarket

This country will police ‘shrinkflation’ at the supermarket

SEOUL—Food prices have risen so much that Kim Soo-yeon has developed a suspicious new habit at the grocery store. She has taken to shaking bag...

ESTsoft launches conversational AI service Alan

ESTsoft launches conversational AI service Alan

South Korea's AI service specialist company ESTsoft Corp. announced on Tuesday that it launched its conversational artificial intelligence (AI) serv...

Samsung Heavy wins $240 mn order for two VLACs

Samsung Heavy wins $240 mn order for two VLACs

South Korea's shipbuilder Samsung Heavy Industries Co. announced on Tuesday that it has won a 310.8 billion won ($240 million) order for two very la...

SGC eTEC E&C wins $160 mn plant order in Malaysia

SGC eTEC E&C wins $160 mn plant order in Malaysia

South Korea's SGC eTEC E&C Co. said on Tuesday it has won a 204.7 billion won ($158 million) order to build epichlorohydrin (ECH) and chlor-alka...

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