Time to revive innovator spirit: LG Energy Solution CEO

South Korea’s top battery maker LG Energy Solution Ltd., also the world’s No. 3, must accelerate innovation and prop up fundamentals to ...

LG Elec selected as Volkswagen's top supplier

LG Electronics Inc. was named the top supplier by Germany's Volkswagen Group. According to industry sources on Thursday, LG Electronics received the...

Lotte Biologics targets $1.1 billion in sales with new bio plants

South Korean biopharmaceutical company Lotte Biologics Co. said on Wednesday it is aiming for 1.5 trillion won ($1.1 billion) in annual sales by 203...

Korea’s top resort operator Sono buys T'way stake for $76 mn

South Korea’s top resort operator Sono International Co. has bought a stake in T'way Air Co., a local low-cost carrier (LCC), for 105.6 billio...

NPS to cut global stocks under GP management, up its direct control

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is set to slash its overseas stocks under global i...

Samsung Electronics tops in S.Korea's after-sales service

Samsung Electronics Service, a service subsidiary of Samsung Electronics Co.,  announced on Tuesday that it topped all categories - home applia...

LG Energy signs multi-billion-dollar LFP battery deal with Renault

LG Energy Solution Ltd., the world’s second-largest battery maker, has clinched a multi-billion-dollar deal to supply LFP batteries for low-en...

Kyobo Life CEO’s ethical management earns global recognition

Kyobo Life Insurance Co.'s Chairman Shin Chang-jae is internationally recognized for setting the global standard for ethical management after two de...

UBS tops Korea’s M&A advisor list on Asiana, Affinity deals

UBS Group AG topped the South Korean mergers and acquisitions (M&A) league table in the second quarter as the global investment bank worked on m...

Hyundai Mobis combines electrification, module divisions

Hyundai Mobis Co., the world’s sixth-largest auto parts maker, said on Friday it has merged its electrification and module divisions to stream...

S.Korea’s consumer goods exports to top $100 bn in 2024: KOTRA

South Korea is projected to reap more than $100 billion from selling the country’s consumer goods overseas this year. Exports of such products...

SK Hynix develops SSD for AI PCs to be mass-produced this year

South Korea’s SK Hynix Inc. introduced a solid-state drive (SSD) for on-device artificial intelligence PCs for mass production this year, to e...

Hanwha, Taihan to spur global sales of extra-high voltage cables

Hanwha Solutions Corp., the chemical and renewable energy unit of South Korea’s No. 7 conglomerate Hanwha Group, and Taihan Cable & Soluti...

Woori Financial, Natixis to manage global private equity fund

South Korea's Woori Bank and Woori PE Asset Management announced on Thursday that they have signed a "strategic business agreement for creating a ...

SK Bioscience to buy German vaccine maker IDT Biologika for $244 mn

South Korea’s vaccine developer SK Bioscience Co. will acquire a controlling stake in the world’s top 10 vaccine firm IDT Biologika GmbH...

Amazon to back K-Beauty’s broader global reach

US e-commerce juggernaut Amazon.com Inc. will offer South Korean cosmetics producers one-stop support to enable them to reach millions of customers ...

SK On signs MOU to secure US-sourced lithium from ExxonMobil

SK On Co. has inked an MOU with ExxonMobil Corp. to buy lithium extracted by the US oil giant from a salt well in the US state of Arkansas. The deal...

Korean Air named Skytrax world's top 100 airlines

Korean Air Lines Co. and Asiana Airlines Inc. have been selected for the 2024 World Airline Awards by UK-based aviation consultancy Skytrax on June ...

SK On to sell $360 mn in perpetual bonds amid tough EV market

SK On Co., the world’s fifth-largest electric vehicle battery maker, plans to sell 500 billion won ($359.6 million) in its first perpetual bon...

HD Hyundai gets global ship cyber security certifications

South Korea's HD Hyundai Co. announced on Tuesday that it obtained Approval In Principle (AiP) for its ship cyber security technology from the world...

Hyundai Steel builds global sales network of low-carbon steel

South Korea’s Hyundai Steel Co. announced on Tuesday that it signed a memorandum of understanding (MOU) with European customers to sell low-ca...

EV battery maker LG Energy eyes $2 bn global bond sale

LG Energy Solution Ltd., the world’s third-largest electric vehicle battery maker, is poised to raise $2 billion in global bonds by the end of...

S.Korea’s travel payment card market competition heats up

Competition in the South Korean travel payment card market intensified as increasing overseas trips and cross-border shopping prompted credit card i...

Booming AI industry boosts chip packaging equipment makers

Global chip packaging equipment manufacturers are enjoying surging demand and skyrocketing share prices thanks to the rapid growth of the artificial...

GS Global launches BYD's T4K electric refrigerator truck

South Korea's general trading company GS Global Corp. announced on Monday that it will launch BYD Company Ltd.'s 1-ton electric truck, the T4K Refri...

d’Alba maker Bmonument, Memebox, Easytem line up for Korean IPOs

South Korea’s promising beauty and healthcare device startups are looking to go public on the domestic bourse to scale up after gaining popula...

Dentlink, virtual lab for dentists around the world

It's been just over two years since Innovaid Co. launched Dentlink but the South Korean startup has already pivoted from its earlier local market-ce...

LIG Nex1 earns top Morgan Stanley ESG rating of AA for 2nd consecutive year

LIG Nex1 Co., a leading defense system developer in South Korea, announced on Thursday that it has received an AA rating in the 2024 environmental, ...

Korean soju maker HiteJinro aims high with its first Vietnam plant

HANOI – Thai Binh, a port city about 120 km southeast of the Vietnamese capital, has long been associated, in people’s minds, with the i...

S.Korea's Handsome opens global flagship store System Paris

South Korean fashion company Handsome Corp. announced on Wednesday that it will open its first global flagship store System and System Homme Paris i...