Hyundai, Kia refine profile with accolades, higher global rankings

Hyundai, Kia refine profile with accolades, higher global rankings

Hyundai Motor Co. and Kia Corp., the two automaking units of South Korea’s Hyundai Motor Group, have worked for decades to refine their profil...

KB Life, Prudential Life to complete merger by Jan 2023

KB Life, Prudential Life to complete merger by Jan 2023

The merger of KB Life Insurance Co., an insurer under KB Financial Group Inc. of South Korea, and Prudential Life Insurance Co. of Korea will be c...

LG Elec signs 5G vehicle connectivity deal in Europe

LG Elec signs 5G vehicle connectivity deal in Europe

LG Electronics Inc. has signed a deal on 5G vehicle connectivity with a European premium carmaker as the South Korean company is expanding its marke...

Hyundai IONIQ 5, Kia EV6 rated top among electric cars in Germany

Hyundai IONIQ 5, Kia EV6 rated top among electric cars in Germany

Hyundai Motor Co.'s IONIQ 5 and Kia Corp.'s EV6 have been recognized as the most competitive electric sport utility vehicles by Auto Zeitung, a high...

Hyundai Glovis aims to top global car transport market

Hyundai Glovis aims to top global car transport market

Hyundai Glovis Co., the world’s second-largest car shipping company, aims to top the industry with an expansion of its fleet, specializing in ...

Perfect storm from Ukraine crisis clouds Korea Inc.’s outlook

Perfect storm from Ukraine crisis clouds Korea Inc.’s outlook

South Korean companies had dreamed of a post-COVID-19 earnings recovery as the globe geared up for economic reopening. But their hopes are now dampe...

S.Korea to support firms to offset damage of Ukraine crisis

S.Korea to support firms to offset damage of Ukraine crisis

South Korea is set to provide financial support of up to $1.7 billion to exporters in a move to minimize the impact of the escalating crisis in Ukra...

Kakao’s incoming CEO to launch two metaverse platforms

Kakao’s incoming CEO to launch two metaverse platforms

‘Beyond Korea’ is South Korean tech juggernaut Kakao Corp.’s new vision for the future. Kakao’s new CEO nominee Namkoon...

SK On narrows bidders to BlackRock, Carlyle, KKR, GIC

SK On narrows bidders to BlackRock, Carlyle, KKR, GIC

South Korean battery maker SK On Co. has narrowed bidders for its shares worth up to $3.3 billion to four candidates -- BlackRock, The Carlyle Group...

S.Koreans' global shareholdings at record $588.5 bn

S.Koreans' global shareholdings at record $588.5 bn

South Korean institutional and retail investors sharply raised their risk appetite last year, gobbling up Nasdaq-listed technology stocks such as Te...

Samsung Bioepis to double biosimilars, may resume Nasdaq listing plans

Samsung Bioepis to double biosimilars, may resume Nasdaq listing plans

Samsung Bioepis Co., a biopharmaceutical unit of Samsung Group, plans to double the number of its biosimilar products on sale to 10 by 2025 and acce...

China’s Geely challenges Hyundai with entry to Korea’s e-truck market

China’s Geely challenges Hyundai with entry to Korea’s e-truck market

China’s largest privately owned carmaker Zhejiang Geely Holding Group Co. is entering South Korea’s electric truck market to compete wit...

K-beauty vegan rebel Dear Dahlia in Paris' Galeries Lafayette

K-beauty vegan rebel Dear Dahlia in Paris' Galeries Lafayette

South Korean cosmetics brand Dear Dahlia successfully opened a boutique in Europe’s largest department store in 2019 – just two years ...

S.Korea to ban execs' post-IPO share sale for certain period

S.Korea to ban execs' post-IPO share sale for certain period

South Korea will introduce an IPO lock-up period for company executives and their top shareholders to ban them from selling the company shares short...

Ukraine crisis haunts global stocks; oil prices surge

Ukraine crisis haunts global stocks; oil prices surge

Global stock markets tumbled and oil prices hit their highest levels since 2014 on Tuesday as Russian President Vladimir Putin ordered troops into b...

Live commerce platforms like Grip to keep growing in Asia Pacific: Google

Live commerce platforms like Grip to keep growing in Asia Pacific: Google

In April 2021, there were some 200 unicorns in the Asia Pacific region, second only to the United States which had 290 startups each valued at $1 bi...

SK On aims to dominate global battery market by 2030

 SK On aims to dominate global battery market by 2030

SK On Co. is on track to become the world’s No. 1 battery maker by 2030, the company said on Sunday. During an interview with the in-ho...

Samsung, LG dominate global TV market with premium models

Samsung, LG dominate global TV market with premium models

South Korea’s two home appliances giants – Samsung Electronics Co. and LG Electronics Inc. – dominated the global TV markets last ...

Samsung Bioepis posts $1.26 billion in global biosimilar sales

Samsung Bioepis posts $1.26 billion in global biosimilar sales

Samsung Bioepis Co., a biopharmaceutical unit of Samsung Group, said on Friday that sales of its five biosimilar products in global markets, excludi...

Samsung SDS joins hands with Amazon for global cloud business

Samsung SDS joins hands with Amazon for global cloud business

Samsung SDS Co., South Korea’s information technology service company, is set to expand its global cloud service business in cooperation with ...

Cosmetics stocks buoyed by ‘With Corona’ expectations 

Cosmetics stocks buoyed by ‘With Corona’ expectations 

Shares of cosmetics and skincare companies in South Korea have surged recently on expectations of easing pandemic-related restrictions.  A few...

APG urges Samsung, other Korean carbon emitters to take action

APG urges Samsung, other Korean carbon emitters to take action

Europe’s largest pension fund manager APG has urged Samsung Electronics Co. and nine other major South Korean companies to drastically cut the...

Korean biotech startup signs license deal with US firm

Korean biotech startup signs license deal with US firm

South Korea's biotech startup Novelty Nobility Inc. has signed a global license agreement for its antibody treatment candidate with a US biopharmace...

Online platforms emerge as new battlefield for auto sales in Korea

Online platforms emerge as new battlefield for auto sales in Korea

Visiting a car dealer’s stylish showroom to touch, feel and sometimes test drive a car before purchase has for decades been a rite of passage ...

PI Advanced up for sale in deal estimated at $1 bn

PI Advanced up for sale in deal estimated at $1 bn

Seoul-based Glenwood Private Equity is putting a majority stake in South Korea's PI Advanced Materials Co., the world's largest polyimide (PI) film ...

HMM returns to annual profit in a decade as stake sale looms

HMM returns to annual profit in a decade as stake sale looms

HMM Co., South Korea’s largest container line, returned to an annual profit for the first time in a decade, boosted by higher freight rates an...

Ukraine woes, global tightening knock down Asian stocks

Ukraine woes, global tightening knock down Asian stocks

Asian stock markets lost ground on Monday with South Korea’s main shares down to their lowest level in more than two weeks as rising tensions ...

Kia: New king in J.D. Power’s most reliable auto brand rankings

Kia: New king in J.D. Power’s most reliable auto brand rankings

Kia Corp. is the top-ranked automaker in J.D. Power’s 2022 US Vehicle Dependability Study (VDS) ahead of General Motor Co.’s Buick as we...

LG Energy, LG Chem deliver record results in 2021

LG Energy, LG Chem deliver record results in 2021

South Korea's LG Energy Solution Ltd. and its parent company LG Chem Ltd. on Tuesday delivered their largest-ever results in 2021, as the increased ...

Hyundai to take fresh crack at Japan market with online EV sales

Hyundai to take fresh crack at Japan market with online EV sales

TOKYO – Hyundai Motor Co. is reentering the Japanese car market after a 12-year hiatus with its latest electric vehicles, as the growing deman...

South Korea’s Lee completes cabinet lineup with IT executive, lawmaker 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