Korean dept stores to lure foreigners with K-pop, festival

South Korean department stores are set to launch various programs such as a festival and sales of K-pop star merchandise to attract foreign tourists...

POSCO beats Lotte to join S.Korea’s top 5 conglomerates

Steel giant POSCO has joined the ranks of South Korea’s top five conglomerates for the first time, supported by strong earnings from its recha...

LGES to build pouch-type long-cell battery mother factory at $449 mn

LG Energy Solution Ltd. will add a new mother factory to its Ochang manufacturing complex, as part of its plan to turn the home manufacturing site i...

Korean auto parts makers’ earnings ride on electrification push

South Korea’s major automotive parts makers are expected to post decent growth in their first-quarter sales and earnings on the back of their ...

Upstage beats Amazon, Nvidia to rank first in global AI competition

South Korea’s artificial intelligence startup Upstage on Monday said it ranked first in four categories at the International Association for P...

LG Elec to strengthen its direct-to-consumer sales strategy

South Korea's LG Electronics Inc. is strengthening its direct-to-consumer (D2C) strategy and expanding its lineup of low- to mid-priced products to ...

LG Electronics to bolster B2B to transform into software company

LG Electronics Inc., South Korea’s home appliance giant, will expedite its push to transform from a white goods manufacturer into a digital so...

LG paves way for $82 bn OLED TV, panel sales milestone

South Korea’s LG Display Co. is regarded as a pioneer in the organic light-emitting diode (OLED) market after it developed the world’s f...

Hyundai ties up with LG, SK for $5.3 bn US EV cell plants

Hyundai Motor Group, the leading South Korean automaker, has joined hands with LG Energy Solution Ltd. and its smaller rival SK On Co. to build elec...

Hankook Tire to cut workforce at fire-hit Daejeon plant

Hankook Tire & Technology Co., South Korea’s largest tire maker, will cut its workforce at the fire-hit production complex in Daejeon thro...

Another war in Russia: Hyundai, Kia versus Chinese carmakers

In Russia, which is in a state of war against Ukraine, there’s another war going on. This time, the war is between South Korea’s two lar...

Curexo, Kyocera to enter Japan’s artificial joint surgery robot market

South Korea's medical robot company Curexo partnered with Kyocera Corporation to enter the Japanese market for artificial joint surgery robots.Curex...

Samsung Store tops home appliance store in S. Korea

Samsung Store, Samsung Electronics Co.'s direct-to-consumer (D2C) channel, has exceeded Lotte Himart in domestic sales for the first time in its his...

Hyundai Motor seeks remedies after GV70 exclusion from US subsidies

Hyundai Motor Co. is seeking various ways to make its electric vehicles sold in the US qualify for tax credits after its Electrified GV70 was denied...

Hyundai Mobis develops world’s first rollable vehicle display

Hyundai Mobis Co., the world’s sixth largest automotive components supplier, has developed a rollable vehicle display, the first of its kind i...

S.Korea's Celltrion Healthcare launches Vegzelma in US

South Korea's Celltrion Healthcare Co. on Monday said it launched on the US market Vegzelma, a biosimilar of Bevacizumab, a medication for colorecta...

Hyundai, Kia surpass 100,000 global EV sales in Q1

Hyundai Motor Group's electric vehicle (EV) sales have exceeded 100,000 units in the first quarter of this year, driven by the strong sales of its f...

Korea’s homegrown OTT Watcha at crossroads amid dearth of cash

South Korea’s homegrown over-the-top (OTT) platform Watcha Inc. is struggling to raise funds as it faces an uphill battle to win over customer...

S.Korea’s Musinsa sees sales grow 54% in 2022 to $537 mn

South Korea’s online fashion platform Musinsa saw sales last year surge over 50% to break the 700 billion won ($537.7 million) mark, though op...

Luxury fashion platform Balaan faces thinning coffers amid mounting loss

Concerns are growing about the financial health of South Korean luxury fashion e-commerce platform operator Balaan Co. after its net loss doubled on...

S.Korea’s EcoPro BM seeks to raise $385 mn through convertible bond sale

South Korea’s leading battery materials maker EcoPro BM Co. sought to raise up to 500 billion won ($385 million) through a convertible bond fo...

S.Korea, Boeing tie up for develop future advanced weapons

The Korean Defense Acquisition Program Administration (DAPA) teams up with major US defense contractor Boeing to conduct research and development on...

S.Korean state-run railroad companies meet Czech Minister of Transport

South Korea's state-run railway companies Korea Railroad (KORAIL) and Korea National Railway (KR) announced on Thursday that they had met with repre...

Indonesia’s slashed EV tax to boost Hyundai’s IONIQ 5 sales

South Korea’s top automaker Hyundai Motor Co. is expected to enhance its presence in Indonesia, which has drastically reduced its value-added ...

Korea must nurture chip materials, parts, facilities: Jusung

South Korea needs to nurture its materials, parts and facilities industries to keep competitiveness in the semiconductor sector, said the chief exec...

S.Korean display companies look to expand business in India with Vedanta

South Korean display companies try to make breakthrough in new market by entering Indian market.The Korea Display Industry Association (KDIA) announ...

S.Korea's airlines boosting staff amid recovering demand for overseas travel

South Korea's airlines are opening their hiring doors wide open with the resumption of international flights amid demand for overseas travel recover...

LG Chem teams up with US company to expand bioplastic global business

LG Chem Ltd. has partnered with a US-based biofuel company Gevo to expand its bio-material-based plastic business.The company announced on Thursday ...

Famed S.Korean pedometer app Cashwalk attracts first investment of $22 million

Nudge Healthcare, a startup that runs the South Korean health management app Cashwork, on Wednesday said it secured its first investment of 30 billi...

Tesla Korea’s profit, sales fall on new subsidy plans, lack of models

Tesla Inc.’s South Korean business has been worsening in recent months due to the lack of new models launched in the country amid Seoul’...