Lotte Mart at Seoul Station redesigned to lure foreign shoppers

Lotte Mart at Seoul Station redesigned to lure foreign shoppers

South Korea’s Lotte Mart reopened its hypermarket at Seoul train station on Thursday following a four-month renovation to attract more foreign...

KT&G to build new factory in Indonesia

KT&G to build new factory in Indonesia

South Korea's KT&G Corp. has received a commitment of active investment support from the Indonesian government for building a local new factory....

S.Korea's KT invests in domestic startups Upstage, Qanda

S.Korea's KT invests in domestic startups Upstage, Qanda

South Korea's KT Corp. has invested 20 billion won ($15 million) in two domestic artificial intelligence (AI) startups. For the second time in ...

SK Ecoplant to build data center linked to landing station in Pohang

SK Ecoplant to build data center linked to landing station in Pohang

South Korea's SK Ecoplant is set to establish, for the first time in South Korea, a global data center linked to a landing station in Pohang, North ...

S.Korea's Eximbank, Australia's EFA sign MOU on mineral supply chains

S.Korea's Eximbank, Australia's EFA sign MOU on mineral supply chains

The Export-Import Bank of Korea (Eximbank) on Thursday in Seoul signed a memorandum of understanding with Export Finance Australia (EFA) on cooperat...

Korea warns foreigners of stricter rules on illegal short selling

Korea warns foreigners of stricter rules on illegal short selling

South Korea’s financial watchdog urged foreign brokerage firms to strengthen their internal control systems to ban illegal short selling on th...

S.Korea's Lotte Group helps SMEs penetrate Indonesian market

S.Korea's Lotte Group helps SMEs penetrate Indonesian market

South Korea's Lotte Group through Friday is holding the event Korea Expo in Jakarta in the Indonesian capital with the Korea Trade-Investment Promot...

S.Korean gov't to invest $827 mn in cyber security sector by 2027

S.Korean gov't to invest $827 mn in cyber security sector by 2027

South Korea will invest 1.1 trillion won ($827.1 million) in the information security sector by 2027, nearly double its combined budget of 556.9 bil...

CJ Foodville to invest $37 mn to build bakery plant in US

CJ Foodville to invest $37 mn to build bakery plant in US

Tous les Jours, the bakery brand under South Korea's CJ Foodville, unveiled plans on Tuesday to invest over 50 billion won ($37 million) in its firs...

Australia’s renewables speeding toward net zero: Palisade

Australia’s renewables speeding toward net zero: Palisade

Australia, among the largest carbon emitters globally, is embarking on a once-in-a-generation shift from heavy dependence on fossil fuels to the ele...

Hyundai, LG to spend combined $7.6 bn to build EV, battery plants in US

Hyundai, LG to spend combined $7.6 bn to build EV, battery plants in US

Hyundai Motor Group and LG Energy Solution Ltd. will spend a combined $7.59 billion to build electric vehicle and battery cell plants in Georgia, th...

Korea’s July factory output slows at fastest pace since February

Korea’s July factory output slows at fastest pace since February

South Korea’s factory output contracted at the fastest rate in six months last month on subdued global demand especially from China, while its...

Hyundai to invest $398 mn in Korea Zinc for battery materials

Hyundai to invest $398 mn in Korea Zinc for battery materials

Hyundai Motor Group, the global No. 3 automaker, is set to invest $398 million in Korea Zinc Inc., the world’s top lead and zinc smelter, for ...

Foreign visitors to S.Korea in July surpass 1 mn post-COVID-19

Foreign visitors to S.Korea in July surpass 1 mn post-COVID-19

The number of foreign tourists visiting South Korea has exceeded 1 million in a month for the first time since the outbreak of COVID-19. According t...

S.Korea to invest in Korean-owned overseas startups

S.Korea to invest in Korean-owned overseas startups

South Korea will expand startup nurturing programs into overseas venture companies launched by Koreans from next year as the country is stepping up ...

Sapeon completes $45 mn series A funding

Sapeon completes $45 mn series A funding

Sapeon, a South Korean artificial intelligence (AI) semiconductor company, announced on Wednesday that it has concluded a Series A funding round, ra...

S.Korea's Kumho HT to set up local subsidiary in India

S.Korea's Kumho HT to set up local subsidiary in India

South Korea's automotive lighting device maker Kumho HT, Inc. announced on Monday its strategy to set up an India corporation, capitalizing on the b...

LG Uplus’ platform push gains traction with active venture funding  

LG Uplus’ platform push gains traction with active venture funding  

LG Uplus Corp., South Korea’s third-largest mobile carrier, which has joined its two bigger local rivals in a race to expand non-telecom servi...

Samsung to hire experienced foreign staff in R&D

Samsung to hire experienced foreign staff in R&D

Three affiliates of Samsung Group are looking to hire outstanding foreign researchers.Samsung Electronics Co., Samsung Display and Samsung SDI Co. o...

The Hyundai Seoul attracts 100 mn visitors in 30 months

The Hyundai Seoul attracts 100 mn visitors in 30 months

The Hyundai Seoul, the largest shopping mall in the South Korean capital, has attracted over 100 million visitors since its opening to emerge as a h...

NPS likely to give full rights on asset managment to experts

NPS likely to give full rights on asset managment to experts

The National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, is poised to give investment experts full rights ...

Schindler-invested Hyundai Elevator faces S.Korean activism

Schindler-invested Hyundai Elevator faces S.Korean activism

South Korea’s Hyundai Elevator Co., the No. 2 shareholder of which is Schindler Holding AG, has faced a request from a local activist investor...

SK Enmove partners with Dell, GRC for data center coolant business

SK Enmove partners with Dell, GRC for data center coolant business

South Korea’s lube oil maker SK Enmove Co. has partnered with US computer maker Dell Technologies Inc. and data center cooling system provider...

CJ Foodville picks Arges PE as preferred negotiator to attract investment

CJ Foodville picks Arges PE as preferred negotiator to attract investment

Arges Private Equity has been chosen as the preferred negotiator for attracting investment in CJ Foodville, the food service subsidiary of South Kor...

Gaming giant Krafton to pour additional $150 mn into India

Gaming giant Krafton to pour additional $150 mn into India

South Korean gaming giant Krafton Inc., renowned for its global mega-hit PlayerUnknown’s Battlegrounds (PUBG), is slated to ramp up investment...

Seoul’s slow but enduring push to be Asia’s premier financial hub

Seoul’s slow but enduring push to be Asia’s premier financial hub

It is a long-cherished dream of Seoul, the capital city of South Korea, to present itself to the world as Asia’s prime financial hub, but the ...

EcoPro BM, SK On, Ford to invest $886 mn to build cathode plant in Canada

 EcoPro BM, SK On, Ford to invest $886 mn to build cathode plant in Canada

EcoPro BM Co., South Korea’s leading battery material producer, will invest $886 million jointly with SK On Co. and Ford Motor Co. to build a ...

SK Telecom expands its Web3 ecosystem

SK Telecom expands its Web3 ecosystem

South Korea's SK Telecom Co. has joined hands with Polygon Labs, a New York-based global blockchain company, to expand its Web3 ecosystem.Both compa...

LG bets big on promising technologies for future growth

 LG bets big on promising technologies for future growth

LG Group, South Korea’s fourth-largest conglomerate, is accelerating its investment in promising tech companies across the world despite the l...

Mirae Asset Global Investments buys Australian robo-advisor firm

Mirae Asset Global Investments buys Australian robo-advisor firm

South Korea's Mirae Asset Global Investments announced its acquisition of Stockspot, a prominent Australian robo-advisor specialist.In a statement r...

Hanwha Systems to compete with LIG Nex1 for Korean version of Iron Dome NH, KB Securities, Kookmin Bank, Kim & Chang lead capital markets in H1 From G-Dragon to Ibuki: Dongmyo emerges as global fashion hotspot Hyundai helps Korean economy most with $265 bn contribution South Korea issues €1.4 billion in largest-ever euro bond sale