Power transformer sales explode on AI boom: HD Hyundai Electric CEO

Power transformer sales explode on AI boom: HD Hyundai Electric CEO

Cho Seok, chief executive of HD Hyundai Electric Co., is an outsider at Korea Inc.When he was named CEO of the power equipment maker in December 201...

Kakao joins open-source community AI Alliance

Kakao joins open-source community AI Alliance

Kakao Corp. announced on Friday that it joined the global open-source community The AI Alliance to support AI research and development.Established i...

Hanwha Vision unveils cloud, AI security techs in US

Hanwha Vision unveils cloud, AI security techs in US

South Korea's Hanwha Vision Co. announced on Friday that it participated in the International Security Conference & Exposition (ISC) 2024, the l...

F&B chain operator TheBorn Korea eyes IPO in 2024

F&B chain operator TheBorn Korea eyes IPO in 2024

South Korea’s leading food and beverage group TheBorn Korea Inc., which operates 25 restaurant and café chains in domestic and global m...

Hyundai Wia targets Chile's advanced arms market

Hyundai Wia targets Chile's advanced arms market

Hyundai Wia Corp., an auto parts and defense unit of Hyundai Motor Group, announced on Thursday that it unveiled advanced weapons systems at the 202...

Korea's M&A market poised to bounce back after bleak Q1

Korea's M&A market poised to bounce back after bleak Q1

South Korea’s mergers and acquisitions market is poised to bounce back after a bleak first quarter, with 22.3 trillion won ($16 billion) worth...

SoftBank-backed Balancehero still hungry for bigger market

SoftBank-backed Balancehero still hungry for bigger market

In India, the world’s most populous country, about 1.2 billion people are estimated to have no credit score because most are unbanked, meaning...

Bubble tea chain Gong Cha struggles in its top market of Korea

Bubble tea chain Gong Cha struggles in its top market of Korea

Global leading bubble tea franchise Gong Cha Global Ltd.’s South Korean affiliate, which owns the beverage chain’s Japanese and Taiwanes...

Kia to enter pickup truck market

Kia to enter pickup truck market

Kia Corp., South Korea’s second-largest automaker, announced on Thursday its first pickup truck's name "The Kia Tasman."The name Tasman is der...

Won at 17-month low vs dollar on reduced US rate cut bets

Won at 17-month low vs dollar on reduced US rate cut bets

The Korean won weakened to its lowest level in 17 months against the dollar on Thursday, after stronger-than-expected US inflation data dented hopes...

LG CNS hosts Startup Day in Silicon Valley

LG CNS hosts Startup Day in Silicon Valley

LG CNS Co., an information technology service company under South Korean conglomerate LG Group, announced on Thursday that it held the Startup Day i...

Samsung Galaxy AI expands to 16 languages

Samsung Galaxy AI expands to 16 languages

Samsung Electronics Co. announced on Thursday that it is expanding the translation and communication language support of Galaxy AI, first introduced...

Kia to enter emerging markets with its latest EV5 made in China

Kia to enter emerging markets with its latest EV5 made in China

Kia Corp., South Korea’s second-largest automaker, plans to enhance its presence in emerging markets with the EV5 compact SUV, the company&rsq...

Korea’s makgeolli market hits brakes amid whiskey fad

Korea’s makgeolli market hits brakes amid whiskey fad

The market growth of South Korea’s traditional milky and often sweet rice wine, makgeolli, has slowed after the country’s younger genera...

Kumho Tire to supply premium tires to Jeep, Peugeot in Korea

Kumho Tire to supply premium tires to Jeep, Peugeot in Korea

Kumho Tire Co., South Korea’s No. 2 tire maker, announced on Tuesday that it will supply tires to 33 official service centers nationwide for J...

South Korean drone startups rush to join military drone race

South Korean drone startups rush to join military drone race

South Korean drone-developing startups are rushing to join the race to develop military drones to meet growing demand for drones fit for combat oper...

Samsung Electronics stock likely to climb in Q2, analysts say

Samsung Electronics stock likely to climb in Q2, analysts say

South Korean analysts have recommended investors buy Samsung Electronics Co. stocks as the world’s top memory chipmaker, which reported higher...

Korea’s LG telecom unit unveils AI agent with own technology

Korea’s LG telecom unit unveils AI agent with own technology

LG Uplus Corp., South Korea’s No. 3 mobile carrier, has introduced an artificial intelligence agent platform based on its own ixi AI technolog...

Korea’s Hansae MK targets global children’s fashion market

Korea’s Hansae MK targets global children’s fashion market

South Korean clothing retailer Hansae MK Co. selling National Basketball Association (NBA) apparel in the country aims to expand its presence with i...

LG Group’s AI academy to foster young talent bears fruit

LG Group’s AI academy to foster young talent bears fruit

On April 6, at LG Inwhawon, called LG Academy in English, in Icheon, Gyeonggi Province, 99 college students and twenty-somethings were wrestling wit...

Kia to boost hybrid lineup to lead eco-friendly car market

Kia to boost hybrid lineup to lead eco-friendly car market

Kia Corp., South Korea’s second-largest automaker, plans to strengthen its hybrid lineup and launch cheaper electric vehicles to lead the glob...

Korean firms' bond sales hit record in Q1 amid rate cut signal

Korean firms' bond sales hit record in Q1 amid rate cut signal

Corporate bond issuance in South Korea hit a record in the first quarter of this year amid growing expectations of the Federal Reserve’s rate ...

Korean big tech firms join Korea’s AI strategy council

Korean big tech firms join Korea’s AI strategy council

The South Korean government has launched an artificial intelligence strategy council, jointly with domestic big tech firms such as Naver Corp. and K...

Ably launches virtual fitting AI service

Ably launches virtual fitting AI service

South Korean fashion commerce platform Ably Corp. announced on Friday that it launched a new service The Shopping Mall-Specific Artificial Intellige...

Samsung Q1 profit soars, set to benefit from Taiwan quake, AI chip demand

Samsung Q1 profit soars, set to benefit from Taiwan quake, AI chip demand

Samsung Electronics Co., the world’s largest memory chipmaker, said on Friday its first-quarter operating profit likely rose more than tenfold...

Samsung ups smaller OLED workforce to fend off Chinese rivals

Samsung ups smaller OLED workforce to fend off Chinese rivals

Samsung Display Co., South Korea’s top screen maker, increased its workforce for smaller organic light-emitting diode (OLED) panels used for p...

Bespoke Samsung home devices make chores easier, smarter

Bespoke Samsung home devices make chores easier, smarter

With Samsung Electronics Co.'s new bespoke AI induction stove, there is no need to keep checking the burner for fear of food boiling over while simm...

Wavve to enter European, Oceanian OTT markets

Wavve to enter European, Oceanian OTT markets

South Korea's over-the-top (OTT) platform company Wavve announced on Wednesday that it plans to enter European and Oceanian OTT markets through it...

Hyosung TNC to invest $1 bn in new bio-fiber plants in Vietnam

Hyosung TNC to invest $1 bn in new bio-fiber plants in Vietnam

Hyosung TNC Corp., the world’s top spandex maker, plans to invest $1 billion in new bio-textile materials plants in Vietnam to accelerate its ...

LG Chem, Ansan City to team up for waste vinyl recycling

LG Chem, Ansan City to team up for waste vinyl recycling

South Korea's LG Chem Ltd. has decided to recycle waste vinyl generated in Ansan, Gyeonggi Province, into plastic raw materials. The company announc...

S.Korea corporate law reform gains bipartisan support Hyundai Rotem seals record $6.5 bn K2 tank deal with Poland IGIS Asset resumes sale of KIC-backed Shilla Stay Seodaemun The wait is over: BTS are back with new album, global tour in spring 2026 Taekwang, Anchor Equity shortlisted for Aekyung stake