Hyundai Motor Group holds firm as world’s No. 3 carmaker

Hyundai Motor Group holds firm as world’s No. 3 carmaker

South Korea’s Hyundai Motor Group kept its title as the world's third-largest automaker by sales volume for the second straight year in 2023, ...

Lotte Duty Free holds grand reopening ceremony at Changi Airport

Lotte Duty Free holds grand reopening ceremony at Changi Airport

Lotte Duty Free held a grand opening ceremony for its Changi Airport store in Singapore, marking the official start of its 19 stores.Lotte Duty Free...

Korean startup Moreh tops global large language model test

Korean startup Moreh tops global large language model test

South Korean artificial intelligence tech startup Moreh Inc. said on Thursday that its large language model (LLM) topped a performance assessment by...

S.Korea, Indonesia to strengthen battery materials supply chain

S.Korea, Indonesia to strengthen battery materials supply chain

South Korea and Indonesia plan to strengthen the collaboration to establish an electric vehicle (EV) battery ecosystem, capitalizing on Indonesia'...

Korean cosmetics makers' profits soar as niche brands grow

Korean cosmetics makers' profits soar as niche brands grow

Kolmar Korea Co. and Cosmax Inc., South Korea’s leading cosmetics suppliers to multinational conglomerates like L'Oréal S.A., are enjoy...

POSCO Int'l to supply motor cores to Hyundai, Kia in Europe

POSCO Int'l to supply motor cores to Hyundai, Kia in Europe

POSCO International Corp. announced on Thursday that it has secured an order for 1.03 million units of motor cores, which will be featured electric ...

Hyundai N Vision 74 wins 2023 Good Design Award

Hyundai N Vision 74 wins 2023 Good Design Award

Hyundai Motor Group announced on Thursday that its nine products across Hyundai Motor Co., Kia Corp., and premium brand Genesis have received top ...

Korea's LX International buys Indonesian nickel miner for $100 mn

Korea's LX International buys Indonesian nickel miner for $100 mn

South Korean trading firm LX International Corp. said on Tuesday that it has acquired a 60% stake in Indonesian miner PT Adhi Kartiko Pratama (AKP)&...

Lunit to supply AI image analysis solutions to Samsung Electronics

Lunit to supply AI image analysis solutions to Samsung Electronics

South Korean medical AI company Lunit has secured a significant partnership with tech giant Samsung Electronics Co., signing a three-year, $1.86 mil...

Tata Daewoo triumphs in global market with 40% export surge

Tata Daewoo triumphs in global market with 40% export surge

South Korea's Tata Daewoo Commercial Vehicle Company (TDCV) achieved remarkable success last year by exporting 40% of its total sales, despite the g...

Korea Investment leads Mongolia Mortgage Corp.'s global bond issuance

Korea Investment leads Mongolia Mortgage Corp.'s global bond issuance

Korea Investment & Securities Co. (KIS) announced on Tuesday its successful completion of the lead management for a $225 million global bond iss...

Daesang launches alternative sweetener brand Sweevero

Daesang launches alternative sweetener brand Sweevero

South Korean food company Daesang Corp. announced on Tuesday that it is launching the integrated brand "Sweevero" for alternative sweeteners like al...

Bibigo, K-food a success case in Harvard Business School study

Bibigo, K-food a success case in Harvard Business School study

Harvard Business School students are set to study the success of South Korean foods in the global market through the case of Bibigo, the leading bra...

JW Pharma takes gout drug Epaminurad to Malaysia for phase 3

JW Pharma takes gout drug Epaminurad to Malaysia for phase 3

South Korea's JW Pharmaceutical Corp., announced on Monday that it has received approval from the Malaysian National Pharmaceutical Regulatory Age...

Hyundai, Kia offer up to $7,500 discounts for EVs in US

Hyundai, Kia offer up to $7,500 discounts for EVs in US

Hyundai Motor Group., the No. 2 electric vehicle brand in the US, is offering discounts of up to $7,500 for their EVs in the country — the max...

Celltrion to expand Yuflyma supply network in Europe

Celltrion to expand Yuflyma supply network in Europe

South Korea’s Celltrion Inc. announced on Friday that it will supply its biosimilar Yuflyma (active ingredient: adalimumab) for the treatment ...

S.Korea ranks fourth in global mobile app market

S.Korea ranks fourth in global mobile app market

The size of the South Korean mobile app market has exceeded 10 trillion won ($761 million).Data.ai, an app market analysis platform, released the 20...

Hyundai Motor in deal to secure lithium hydroxide from China’s Chengxin

Hyundai Motor in deal to secure lithium hydroxide from China’s Chengxin

South Korea’s top automaker Hyundai Motor Group has agreed to secure lithium hydroxide, a key raw material for electric vehicle batteries, fro...

Kia, Uber to jointly develop custom-tailored electric ride-hailing PBV

Kia, Uber to jointly develop custom-tailored electric ride-hailing PBV

LAS VEGAS – South Korea’s second-largest automaker Kia Corp. has forged a partnership with Uber Technologies Inc. to jointly develop cus...

Krafton’s PUBG tops in global game market

Krafton’s PUBG tops in global game market

“PlayerUnknown’s Battlegrounds” (PUBG), South Korea’s game developing and publishing giant Krafton Inc. ’s mega-hit ga...

Disappointing LG Energy earnings dim outlook amid weak EVs

Disappointing LG Energy earnings dim outlook amid weak EVs

LG Energy Solution Ltd., the world’s second-largest battery maker, disappointed investors with quarterly earnings on the sluggish global elect...

EcoPro establishes Global Resources Office for securing core minerals

EcoPro establishes Global Resources Office for securing core minerals

South Korean battery materials manufacturer EcoPro Co. announced on Tuesday that it has established a "Global Resources Office" to expedite the acqu...

Korean chicken chains accelerate overseas expansion

Korean chicken chains accelerate overseas expansion

South Korean chicken chains are accelerating their overseas expansion, driven by a saturated domestic market and the growing popularity of the Korea...

Upstage's AI beats global peers in benchmark math tests

Upstage's AI beats global peers in benchmark math tests

South Korean artificial intelligence tech startup Upstage said on Monday that its math-specific large language model (LLM), jointly developed with l...

IGIS taps managing director Oh Taesuk as infrastructure head

IGIS taps managing director Oh Taesuk as infrastructure head

IGIS Asset Management Co., a leading real estate firm in South Korea, said last week it has tapped Oh Taesuk, a real asset expert with more than 20 ...

Fried chicken chain bhc enhances localized menus in SE Asia

Fried chicken chain bhc enhances localized menus in SE Asia

South Korean fried chicken chain bhc Chicken on Monday announced the opening of its third outlet in Singapore.bhc operates 10 stores in Southeast As...

POSCO International to step up global expansion after hefty profits

POSCO International to step up global expansion after hefty profits

POSCO International Corp. will step up global expansion in 2024 with a focus on electric vehicle components, eco-friendly energy exploration and gra...

Korea’s HMM among shippers benefiting from growing Red Sea crisis

Korea’s HMM among shippers benefiting from growing Red Sea crisis

The Red Sea crisis, disrupting the passage of ships through the Suez Canal, a central artery for global trade, is a bane for exporters looking for s...

LG Elec to supply robot CLOi to SE Asian golf courses

LG Elec to supply robot CLOi to SE Asian golf courses

South Korea’s LG Electronics Inc. announced on Friday that it signed a contract with the domestic golf service platform Smartscore to supply i...

Taihan Cable wins $42 mn order for power grid in Kuwait

Taihan Cable wins $42 mn order for power grid in Kuwait

South Korea's Taihan Cable & Solution Co. announced on Friday that it has won a $42 million turnkey project to build a 400kV ultra-high voltage ...

Saudi Crown Prince bin Salman courts Korean AI startups as Riyadh, Abu Dhabi vie to build tech hubs K Shipbuilding up for sale as Korean shipyards ride new boom Samsung to buy US health tech firm Xealth in digital health push Korean waste management firm Koentec on market for $730 mn US unveils 25% tariffs on S.Korea, sets Aug. 1 deadline for agreement