Privatization of Korea’s top container line HMM to gain traction

South Korea’s move to privatize container shipping line HMM Co. to recover taxpayer money is gaining traction as government officials start lo...

Hyundai's Nexo keeps 1st place in hydrogen car market beating Toyota

Hyundai Motor Co.'s hydrogen fuel cell car model Nexo far surpassed Toyota in the world's market share. According to SNE Research, a market research...

S.Korea's automotive unit Kolon Mobility Group reborn as separate entity

South Korea's Kolon Mobility Group has been launched with Lee Kyu-ho, the great grandson of the Kolon Group founder Lee Won-man, as co-CEO. Formerly...

S.Korea’s IPO market sours as Kurly postpones listing

South Korea’s initial public offering market has soured as gourmet food delivery platform Kurly Inc. delayed its listing amid deteriorating in...

Novarex, Riman sign agreement to jointly develop health-functional food

South Korea's health functional foods company Novarex and cosmetics company Riiman Korea met to promote the health-functional foods business togethe...

Korea's coffee brand Ediya to open 1st overseas branch in Guam

Ediya Coffee, South Korea's home-grown low-priced coffee brand, will open a branch in Guam in the first half of this year to seek growth through exp...

Hyundai, Kia aim to outpace industry growth in 2023

The Hyundai Motor Group is aiming to boost sales by 10% this year from 2022, above an estimated single-digit growth in the global automotive market....

Sejong kicks off private 5G business for exclusive use for industrial safety

Sejong Telecom, Inc. a mid-sized facilities-based telecommunications business and ICT platform company in South Korea, will launch a private 5G bu...

Samsung to showcase foldable, slidable OLED display

Samsung Display Co. will unveil a new type of organic light-emitting diode (OLED) display panel that can be both folded and slid. At CES 2023 i...

HLB confirms ophthalmic disease treatment in phase 3 clinical trials

South Korea’s biomedicine startup HLB Therapeutics Co. said on Monday that its Neurotrophic Keratopathy (NK) treatment RGN-259 proved effectiv...

LG Uplus succeeds in linking open RAN standard equipment

LG Uplus Corp. said on Tuesday that it has succeeded in linking open distributed unit (O-DU) and open RAN (radio access network) radio unit (O-RU) b...

KT, E-mart warm up S.Korea's corporate bond market

South Korea's KT Corp. and E-mart Inc. are the frontrunners in the new year's corporate bond demand forecasts, attracting attention on if they can b...

POSCO Int’l completes merger with energy affiliate

South Korea’s POSCO International Co. completed a merger with its affiliate POSCO Energy Co. on Jan. 1, which the trading company said would f...

S.Korea's top 2 LPG importers E1 and SK Gas cut supply price

South Korea's two major importers of liquefied petroleum gas (LPG), E1 Corp. and SK Gas Corp., have both cut their supply price of LPG in the first ...

Document tool company Business Canvas secures Series A2 round

Business Canvas, a South Korean SaaS (software as a service) startup that services the global document tool "Typed," announced on Tuesday that it ha...

Woori Financial wins MSCI ESG global leader rating for 2nd year

Woori Financial Group said on Thursday it has earned an AA rating for the second consecutive year in the global ESG rating announced by Morgan Stanl...

KFTC acts on Amazon's large share of S.Korea's cloud market

Amazon controls around 70% of South Korea's cloud market, followed by Microsoft in second and Google and Naver Corp. fighting for third place.The Ko...

Kosdaq listings number 129, highest since 2002 IT bubble

Depression in equity markets in the wake of global rate hikes this year has not prevented Korean companies from rushing into Kosdaq, South Korea's m...

Korea Fair Trade Commission opens unit to review global M&As

The Korea Fair Trade Commission (KFTC) on Tuesday said it will open a division specifically for reviewing global M&As given the recent growth of...

Net assets of S.Korea's ETF rise to $63.1 billion despite stock woes

Despite South Korea's weak stock market this year, the exchange-traded fund (ETF) sector, which marked its 20th anniversary, maintained a clear grow...

Italian envoy to Korea says what works in Korea works globally

Italian Ambassador to South Korea Federico Failla said that as both Italy and Korea cherish and prioritize the importance of tradition and innovatio...

S. Korea foresees recession in falling freight prices, wages

Global ocean freight prices are falling amid a darkening outlook for South Korea, as Asia’s fourth-largest economy heavily depends on overseas...

Samsung Global Goals app rakes in over $10 million in charity 3 years after launch

Samsung Electronics Co. on Monday said Samsung Global Goals, a charity app for the company's Galaxy smartphones and devices, exceeded $10 million in...

Samsung Elec to develop Vietnam as global strategic base

Samsung Electronics Co., the world’s top memory chip and smartphone maker, aims to nurture Vietnam as a global strategic base as it opens a ne...

Hyundai's Tucson named BBC Top Gear's Best Family Car

Hyundai Motor Co. said on Friday that its Tucson SUV has been selected as the "best family car" by the British motoring TV show Top Gear.In the rece...

Korean think tank urges focus on 'yold' demographic in clothing market

South Korea's Samsung Fashion Institute on Thursday announced "Dive In" as the keyword for next year's trends in the fashion industry, meaning that ...

Celltrion applies for FDA approval for Remsima SC

Celltrion Ltd. said on Friday it had applied the previous day for permission from the US Food and Drug Administration (FDA) for Remsima SC, an autoi...

US non-agency mortgage-backed securities to shine in 2023: TCW

Amid the tightening of the Federal Reserve, among the most impacted asset classes were agency mortgage-backed securities (MBS), issued by US governm...

LG Uplus enters Korea’s EV charging service market with VoltUp app

LG Uplus Corp., a South Korean mobile carrier, is entering the domestic electric vehicle charging service market by launching a service platform, Vo...

Samsung Chairman Jay Y. Lee flies to Vietnam for global business

Samsung Electronics Co. Chairman Jay Y. Lee embarked on a business trip to Vietnam on Wednesday to attend an opening ceremony for a research and dev...