NCSoft's 2021 profit halves on labor, marketing costs

NCSoft's 2021 profit halves on labor, marketing costs

South Korea's NCSoft Corp., the publisher of the popular mobile game Lineage series, on Tuesday reported a worse-than-expected operating profit in 2...

Samsung regains top spot in SE Asia smartphone market

Samsung regains top spot in SE Asia smartphone market

Samsung Electronics Co. outpaced Chinese rival Oppo last year to regain the top spot in the smartphone market in four major Southeast Asian countrie...

Hyundai Steel supplies high-strength steel for Genesis G80 EV, G90

Hyundai Steel supplies high-strength steel for Genesis G80 EV, G90

Hyundai Steel Co. is supplying its newly developed ultra-high-strength steel sheets for car bodies to Hyundai Motor Co. for its electric vehicles an...

Korean VCs bet big on pet care startups

Korean VCs bet big on pet care startups

Startups in the pet industry are gaining traction on the back of a rising number of pet owners in South Korea. Industry insiders say several pe...

Nuvilab uses the latest tech to tackle age-old issue of food waste

Nuvilab uses the latest tech to tackle age-old issue of food waste

South Korea’s food data analysis firm Nuvilab, Inc. is not a household name – at least yet. The startup is rather familiar to investors...

Hyundai to take fresh crack at Japan market with online EV sales

Hyundai to take fresh crack at Japan market with online EV sales

TOKYO – Hyundai Motor Co. is reentering the Japanese car market after a 12-year hiatus with its latest electric vehicles, as the growing deman...

Korea’s reopening stocks shine despite surging Omicron cases

Korea’s reopening stocks shine despite surging Omicron cases

South Korea’s reopening stocks rallied even as the local COVID-19 cases hit record-highs with the spread of the Omicron variant. Investors rai...

LG Energy to spend $1.7 bn to hike Michigan battery capacity fivefold

LG Energy to spend $1.7 bn to hike Michigan battery capacity fivefold

The world’s second-largest electric vehicle battery maker LG Energy Solution Ltd. is spending $1.7 billion to expand its battery production ca...

Kakao to launch webtoon service Piccoma in France

Kakao to launch webtoon service Piccoma in France

Kakao Corp. announced Sunday that it plans to launch the European version of its webtoon subscription service in either April or May of this year....

The Korea Economic Daily's index set for ETF market debut

The Korea Economic Daily's index set for ETF market debut

Exchange-traded funds (ETFs) have been solidifying their position in the investment market of Korea for the past years. Individual investors in Sout...

Game developers rush to launch their own digital coins

Game developers rush to launch their own digital coins

South Korea’s game developers are in a tight race to create their own digital tokens and to build viable ecosystems that utilize these cryptoc...

Krafton invests $5.4 mn in India’s sports game studio

Krafton invests $5.4 mn in India’s sports game studio

Krafton Inc. said it invested $5.4 million in India’s mobile game development studio Nautilus Mobile as the South Korean producer of PlayerUnk...

Hyundai, Kia post record US car sales as Japanese firms struggle

Hyundai, Kia post record US car sales as Japanese firms struggle

Hyundai Motor Co. and Kia Corp., the two automaking units of Hyundai Motor Group, saw their combined auto sales in the US rise to their highest leve...

Hyundai Engineering drops IPO plan on stock market weakness

Hyundai Engineering drops IPO plan on stock market weakness

Hyundai Engineering Co., the plant engineering and construction unit of South Korea’s Hyundai Motor Group, dropped a listing plan to raise up ...

Kospi melts as Fed, LG Energy spur foreign selling

Kospi melts as Fed, LG Energy spur foreign selling

South Korean stocks lost ground with the main index entering a bear market on Thursday as foreign investors intensified their selling after the US F...

LG Display turns to black in 2021 after three years

LG Display turns to black in 2021 after three years

South Korea's LG Display Co. swung to an operating profit in 2021 after two consecutive years of shortfalls, led by a sharp rebound in LCD panel pri...

Koh Young’s medical robot conducts 100 brain surgeries a year

Koh Young’s medical robot conducts 100 brain surgeries a year

Koh Young Technology Inc., a South Korean 3D imagery tech company listed on the Kosdaq, announced on Tuesday that its medical robot Kymero has condu...

Aju sells San Jose-based hotel at $63 mn after five years

Aju sells San Jose-based hotel at $63 mn after five years

Aju Hotels & Resorts Co., a hospitality firm under Korean conglomerate Aju Group, has sold its San Jose-based hotel to an affiliate of US hosp...

Korea to reform FX market to join MSCI developed markets

Korea to reform FX market to join MSCI developed markets

South Korea is set to reform the local currency market as the country aims to reach MSCI Inc.’s developed market status for its domestic stock...

Lazard seeks to sell off fraud-hit Osstem Implant

Lazard seeks to sell off fraud-hit Osstem Implant

Lazard Asset Management has tapped multiple professional investors in South Korea to sell off its shares in Osstem Implant Co, worth $165 million, t...

Samsung to surprise market with Galaxy S22 at Feb Unpacked event

Samsung to surprise market with Galaxy S22 at Feb Unpacked event

Samsung Electronics Co., the world’s top smartphone maker, will unveil its latest Galaxy model at next month’s Unpacked event – a ...

Intel’s curious revelation of its ASML deal raises questions

Intel’s curious revelation of its ASML deal raises questions

Intel Corp.’s recent announcement that it is buying a new, advanced chipmaking tool from ASML Holding N.V. has raised questions about the ulte...

EcoPro BM beats Kosdaq's top market cap Celltrion

EcoPro BM beats Kosdaq's top market cap Celltrion

EcoPro BM Co., a leading manufacturer of cathode material for secondary batteries, topped the market capitalization for Kosdaq-listed firms on Jan...

Doosan Robotics eyes $10 bn cobot market 

Doosan Robotics eyes $10 bn cobot market 

A robot with a humanoid arm is busy at work transporting parts inside Doosan Robotics’ manufacturing plant in Suwon City, Gyeonggi Province.&n...

BOK restores interest rates to pre-pandemic level

BOK restores interest rates to pre-pandemic level

South Korea’s central bank on Friday raised interest rates back to a pre-pandemic level, signaling further hikes to curb rising inflationary p...

Korean AI startups blaze trails in overseas markets

Korean AI startups blaze trails in overseas markets

Artificial intelligence-powered image analysis company Alchera Inc. is working with PG&E (The Pacific Gas and Electric Company (PG&E) in t...

LG Energy sets new IPO record with $9.65 trillion investor demand

LG Energy sets new IPO record with $9.65 trillion investor demand

LG Energy Solution Ltd., the world’s second-largest battery maker, has set a new record for an initial public offering with demand for its sha...

SoftBank invests $146 mn in AI startup Qraft

SoftBank invests $146 mn in AI startup Qraft

SoftBank Group Corp. is investing $146 million in South Korea’s artificial intelligence company Qraft Technologies, Inc. The investment includ...

Squid Game Player 001 wins as best TV supporting actor at Golden Globes

Squid Game Player 001 wins as best TV supporting actor at Golden Globes

Netflix mega-hit Squid Game’s actor Oh Young-soo, Player 001, has won Best Performance by an Actor in a Supporting Role on TV at the 79th Gold...

Samsung CEO: M&A deals in offing, to expand MicroLED TV facilities

Samsung CEO: M&A deals in offing, to expand MicroLED TV facilities

LAS VEGAS – Samsung Electronics Co. is working on multiple M&A deals, which it could announce in the near future, as the company is seekin...

Deal graveyard: S.Korean F&B franchises left without takers LG Energy, GM’s JV Ultium Cells to retrofit Tennessee plant to produce LFP batteries KPop Demon Hunters OST lands at No.6 on Billboard Hot 100 K-beauty craze sends Olive Young online sales to new heights Hyundai Motor’s high-stakes gambit in US: Cut vehicle prices as rivals hike