Samsung Engineering, OMV sign agreement for modular project

Samsung Engineering, OMV sign agreement for modular project

South Korea's Samsung Engineering has partnered with global integrated energy company OMV for project collaboration. Samsung Engineering announced T...

Hansae: Hidden Korean champion in global OEM apparel market

Hansae: Hidden Korean champion in global OEM apparel market

Hansae is an unfamiliar name to many South Koreans for sure.But among original equipment manufacturing (OEM) companies in the apparel industry, Hans...

Yanolja acquires Israeli tourism tech company Go Global Travel

Yanolja acquires Israeli tourism tech company Go Global Travel

South Korea's tourism platform unicorn Yanolja has acquired Go Global Travel (GGT), an Israel-based company for global business-to-business (B2B) tr...

CJ CheilJedang plans to globalize Korean street food

CJ CheilJedang plans to globalize Korean street food

South Korea's food giant CJ CheilJedang Corp. is set to launch a range of Korean street food as new products, aiming for global expansion. The compa...

Hyundai Motor posts largest share of global hydrogen car market in Q1

Hyundai Motor posts largest share of global hydrogen car market in Q1

Hyundai Motor Co. in the first quarter controlled over half of the global market for fuel cell electric vehicles (FCEV) powered by hydrogen thanks t...

Hyundai to invest $2.45 bn in India, eyes spot in global EV top 3

Hyundai to invest $2.45 bn in India, eyes spot in global EV top 3

South Korea’s top automaker Hyundai Motor Co. will invest 200 billion rupees ($2.45 billion) in the Indian state of Tamil Nadu over the next d...

Samsung SDS, Emro, US-based o9 Solutions to collaborate on SaaS

Samsung SDS, Emro, US-based o9 Solutions to collaborate on SaaS

South Korea's Samsung SDS Co. announced on Thursday that it has entered into strategic partnerships with o9 Solutions, a leading supply chain platfo...

KGC promotes S.Korean top red ginseng brand CheongKwanJang in China

KGC promotes S.Korean top red ginseng brand CheongKwanJang in China

Korea Ginseng Corp. (KGC), wholly owned by South Korean tobacco giant KT&G Corp. , announced on Thursday its participation in the "2023 TFWA Wor...

CJ Logistics to establish global distribution center in Saudi Arabia

CJ Logistics to establish global distribution center in Saudi Arabia

South Korea's CJ Logistics unveiled plans on Thursday to construct a Global Distribution Center (GDC) in Saudi Arabia, a burgeoning logistics hub in...

K-beef targets global halal market through exports to Malaysia

K-beef targets global halal market through exports to Malaysia

Korean beef is making its entry into the global halal food market, starting with Malaysia. South Korean Ministry of Agriculture, Food and Rural Affa...

China’s BOE files patent lawsuits against Samsung

China’s BOE files patent lawsuits against Samsung

China’s BOE Technology has filed patent infringement lawsuits against Samsung Display Co., Samsung Display’s Chinese corporation and Sam...

Labor union threatens to shame Samsung Elec in show of brinkmanship

Labor union threatens to shame Samsung Elec in show of brinkmanship

Samsung Electronics Co.'s biggest labor union under one of South Korea’s two major trade unions is objecting to the latest wage deal signed la...

Samsung’s H2 new tablet launch to close gap on market leader iPad

Samsung’s H2 new tablet launch to close gap on market leader iPad

Samsung Electronics Co., the second-largest player in the global tablet market, is aiming to narrow the gap with industry leader Apple Inc. with its...

Hyundai Motor, Kia to receive 25% tax credit for EV plant spending

Hyundai Motor, Kia to receive 25% tax credit for EV plant spending

ULSAN, South Gyeongsang Province – South Korea’s Hyundai Motor Co. is poised to receive a 25% tax credit for its planned investment in a...

Leeum's enduring charm to foreign VIPs

Leeum's enduring charm to foreign VIPs

On a shiny Monday morning, the Leeum, Samsung Museum of Art nestled on the slope of Mt. Namsan in a quiet Hannam neighborhood in Seoul was flanked b...

S.Korea to launch 10 global innovation special zones by 2027

S.Korea to launch 10 global innovation special zones by 2027

South Korean government plans to create ten global innovation special zones by 2027, implementing a negative regulation system for the first time in...

Naver Webtoon targets entertainment business in Japan

Naver Webtoon targets entertainment business in Japan

Naver Webtoon Ltd., the world’s top digital comics provider, is targeting the entertainment sector in Japan as it aims to expand its intellect...

Samsung to nurture biotech as next growth engine after chips: Lee

Samsung to nurture biotech as next growth engine after chips: Lee

Samsung Group leader Lee Jae-yong, currently in the US, has vowed to make biotechnology the conglomerate’s second core strategic business afte...

Hyundai’s quantum leap: how it shines through in crisis

Hyundai’s quantum leap: how it shines through in crisis

Hyundai Motor Co. and its affiliate Kia Corp. are slated to log a combined 150 million units of car sales this month. The carmakers of Hyundai Motor...

Alternative investment forum ASK 2023 to kick off May 17 in Seoul

Alternative investment forum ASK 2023 to kick off May 17 in Seoul

South Korean institutional investors, including the world’s third-largest pension fund National Pension Service (NPS), and global asset manage...

Defense, healthcare lure global funds in dull market

Defense, healthcare lure global funds in dull market

Defense, healthcare and semiconductor materials companies have been the main investment targets of global funds such as Fidelity and Morgan Stanley ...

LG Energy Solution drops to third on global market for EV battery in Q1

LG Energy Solution drops to third on global market for EV battery in Q1

South Korea's LG Energy Solution Ltd. in the first quarter fell to third in the global share of electric vehicle (EV) batteries in use spanning all ...

POSCO International aims to join Top 10 global food enterprise

POSCO International aims to join Top 10 global food enterprise

POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc. , has unveiled an ...

S.Korea, US advised to cooperate in advanced nuclear power plant

S.Korea, US advised to cooperate in advanced nuclear power plant

Amid declining exports of nuclear power plants from major countries like South Korea and the US, Russia and China have captured about 80% of the glo...

Vietnamese tourists top in card spending in Korea in 2022

Vietnamese tourists top in card spending in Korea in 2022

Vietnamese tourists splurged the most among foreign visitors to South Korea last year, filling the void left by Chinese travelers shunning Korea sin...

Multifamily emerges as Korean LPs’ top real estate pick for 2023

Multifamily emerges as Korean LPs’ top real estate pick for 2023

Multifamily housing has emerged as the most popular real estate segment for South Korean institutional investors, with senior secured loans picked as ...

Merck to build biopharma raw material plant in Korea

Merck to build biopharma raw material plant in Korea

Global pharmaceutical company Merck is considering a plan to establish a biopharmaceutical raw material production facility in Daejeon.South Korean ...

Hyundai, Kia’s brisk April sales bode well for stellar Q2

Hyundai, Kia’s brisk April sales bode well for stellar Q2

The second-quarter earnings outlook for South Korea’s biggest automaker Hyundai Motor Co. and its sister company Kia Corp. looks rosy as eased...

CJ CheilJedang launches Cuisine.K project

 CJ CheilJedang launches Cuisine.K project

South Korea's largest food company CJ CheilJedang Corp., announced on Tuesday the launch of "Cuisine.K," a project aimed at discovering and nurturin...

Kia to take pre-orders for electric SUV EV9

Kia to take pre-orders for electric SUV EV9

Kia Corp. announced on Wednesday that it will begin taking pre-orders for the "Kia EV9." The EV9 is Kia's second dedicated electric vehicle based on...

S.Korea names budget veteran as finance minister to prop up economy KKR in control feud over Korea’s top solar power plant Hanwha Systems to compete with LIG Nex1 for Korean version of Iron Dome NH, KB Securities, Kookmin Bank, Kim & Chang lead capital markets in H1 From G-Dragon to Ibuki: Dongmyo emerges as global fashion hotspot