Samsung controls 90% of foldable smartphone market
Samsung Electronics Co. is enjoying a dominant position in the foldable smartphone market, alongside the segment's explosive growth aided by afforda...
Hyundai to make IONIQ 5 in Indonesia, EV hub for ASEAN market
Hyundai Motor Co. has started mass producing its iconic all-electric crossover IONIQ 5 at its newly built plant in Indonesia, a country that the top...
Korea’s fashion OEM firms eye record sales
South Korea’s clothing original equipment manufacturers (OEM) are set to see a supercycle or a sustained period of expansion driven by robust ...
Hyundai eyes LNG ship-to-floating storage unit conversion market
The ongoing war in Ukraine and tougher emission standards are creating a new market for shipbuilders: converting aged liquefied natural gas (LNG) ca...
China rules EV market with fleet sales; Hyundai targets retail
Chinese electric vehicle makers are expanding their shares in key markets such as the US and Europe through fleet sales, while South Korea’s H...
Hyundai’s auto exports to Russia cut by half in February, hit by war
Hyundai Motor Co.'s car exports to Russia have dwindled by nearly half in the latest indication that global automakers are feeling the pinch due to ...
Offices in Gangnam attract global investors amid market volatility
South Korean and overseas institutional investors are eyeing offices in Gangnam District, Seoul, amid concerns over inflation and market volatilit...
Lotte invests in Canada's edible insect food company
South Korea's Lotte Confectionery Co. has invested around 10 billion won ($8 million) in Canada’s edible insect protein producer Aspire Food G...
Pearl Abyss releases mobile game Black Desert in China in April
South Korean game developer and publisher Pearl Abyss set a China release date of April 27 for its cross-platform MMORPG Black Desert on the App Sto...
Korean won extends losses as oil hits 14-year high
South Korea’s won currency skidded to a fresh low in nearly two years as oil prices spiked to a 14-year peak with fears of a prolonged war bet...
Korean SPAC Valuence Merger debuts on Nasdaq, targets bio M&As
Valuence Merger Corp. 1, a special purpose acquisition company (SPAC), led by South Korean fund managers, has debuted on the Nasdaq, targeting Asian...
Hyosung to expand carbon fiber production for hydrogen tanks
South Korea’s Hyosung Advanced Materials Corp. is expanding its carbon fiber production by adding a third line to meet the growing demand for ...
Hyundai accelerates electrification strategy, targets 7% of EV market
South Korea’s top automaker Hyundai Motor Group on Wednesday set out its vision to become a top-tier eco-friendly auto brand by accelerating i...
Korean bio ventures struggle with fundraising
Biopharmaceutical companies of South Korea are having a tough time fundraising of late. Bio ventures without specific public offering plans are pa...
LG Elec signs 5G vehicle connectivity deal in Europe
LG Electronics Inc. has signed a deal on 5G vehicle connectivity with a European premium carmaker as the South Korean company is expanding its marke...
Hyundai Glovis aims to top global car transport market
Hyundai Glovis Co., the world’s second-largest car shipping company, aims to top the industry with an expansion of its fleet, specializing in ...
S.Korea to support firms to offset damage of Ukraine crisis
South Korea is set to provide financial support of up to $1.7 billion to exporters in a move to minimize the impact of the escalating crisis in Ukra...
LG Energy faces reality check as its stock turns a market laggard
South Korean battery maker LG Energy Solution Ltd. was touted as a market darling even before its Kospi debut last month, reflecting the investor fr...
Skincare giant Cosmax adds pet care line
South Korea’s beauty products manufacturer Cosmax Inc. has entered the rapidly growing pet products market.The company specializes in receiv...
China’s Geely challenges Hyundai with entry to Korea’s e-truck market
China’s largest privately owned carmaker Zhejiang Geely Holding Group Co. is entering South Korea’s electric truck market to compete wit...
LG Electronics to pull out of solar panel market
South Korea's LG Electronics Inc. said on Wednesday it has decided to close its solar panel business in the face of deepening competition and sluggi...
Korean battery sector to heat up IPO market again
South Korea’s battery industry is expected to heat up the initial public offering market later this year as battery materials and equipment ma...
K-beauty vegan rebel Dear Dahlia in Paris' Galeries Lafayette
South Korean cosmetics brand Dear Dahlia successfully opened a boutique in Europe’s largest department store in 2019 – just two years ...
Chicken startup shakes up crowded market with robotic arms
Preparing fried chicken requires a simple, but laborious process: Placing pieces of chicken on dough and frying powder; putting them into an iron ba...
App-rich LG smart TVs blur lines with smartphones
From home workouts to math and science courses, thousands of apps now available on LG smart TVs are blurring the lines between TVs and smartphones.S...
SK On aims to dominate global battery market by 2030
SK On Co. is on track to become the world’s No. 1 battery maker by 2030, the company said on Sunday. During an interview with the in-ho...
Samsung, LG dominate global TV market with premium models
South Korea’s two home appliances giants – Samsung Electronics Co. and LG Electronics Inc. – dominated the global TV markets last ...
LG launches world’s first 42-inch OLED TV in UK at £1,399
South Korea’s LG Electronics Inc. has launched the world’s first 42-inch OLED TV, which the company said is ideal for game consoles such...
Samsung SDS joins hands with Amazon for global cloud business
Samsung SDS Co., South Korea’s information technology service company, is set to expand its global cloud service business in cooperation with ...
LG Energy acquires ESS company in US from Japan's NEC
LG Energy Solution Ltd. has acquired US-based NEC Energy Solutions to expand its capabilities into the energy storage system (ESS) integration mar...
