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Korean food
Korea’s shaved ice dessert bingsu price up 30% on-year on inflation
Inflation has hit almost every corner of the real economy in South Korea, and the country’s popular summer dessert bingsu is no exception, wit...
Apr 19, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai, Kia surpass 100,000 global EV sales in Q1
Hyundai Motor Group's electric vehicle (EV) sales have exceeded 100,000 units in the first quarter of this year, driven by the strong sales of its f...
Apr 17, 2023 (Gmt+09:00)
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Korean startups
S.Korea offers major support to online overseas shipments of 100 promising SMEs
South Korea's Ministry of SMEs and Startups on Thursday said it launched an online export package program of extensive support for the entire proces...
Apr 13, 2023 (Gmt+09:00)
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K-pop
BTS' Jimin tops US Billboard singles chart with 1st solo release
Jimin of K-pop sensation BTS is the first South Korean solo act to hit No. 1 on Billboard's main singles chart Hot 100.The American music and entert...
Apr 04, 2023 (Gmt+09:00)
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COVID-19
S.Korea to cut COVID-19 quarantine from seven days to five in May
South Korea’s mandatory quarantine for confirmed COVID-19 patients from May will be cut from seven days to five, as the country is expected to...
Mar 30, 2023 (Gmt+09:00)
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Korean food
Paris Baguette expands to Canada with first store in Toronto
SPC, the South Korean food and beverage conglomerate, announced the opening of the first Paris Baguette store in Toronto, Canada, on March 23. The m...
Mar 23, 2023 (Gmt+09:00)
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Chemical Industry
Kolon Industries to make 100% plant-based eco-friendly plastic
Kolon Industries Inc.'s Future Technology Institute announced on Wednesday that it has partnered with Stora Enso Oyj, a global biomaterials leader f...
Mar 22, 2023 (Gmt+09:00)
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Food & Beverage
S.Korea's Harim launches street food brand Melting Piece
South Korea's leading poultry processing firm, Harim Co., announced on Thursday the launch of its new street food brand, Melting Piece, in response ...
Mar 16, 2023 (Gmt+09:00)
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Retail
Lotte Mart unveils integrated private brand Good Today
South Korea's hypermarket Lotte Mart on Wednesday announced the debut of its integrated private brand (PB) Good Today under its plan to conduct focu...
Mar 16, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung, Arm partner Gaonchips eyes US as next offshore base
Gaonchips Co., a long-term Samsung Electronics Co’s chip design house partner that also works with British fabless chip company Arm Inc., will...
Mar 10, 2023 (Gmt+09:00)
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Electronics
LG Electronics wins US air conditioning award for 7th year
LG Electronics Inc. said on Monday that it has won a performance award from the Air-Conditioning, Heating & Refrigeration Institute (AHRI), a US...
Mar 06, 2023 (Gmt+09:00)
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Electronics
LG Electronics makes 100 millionth unit of core motor for washing machines
LG Electronics Inc. on Sunday said it produced late last month its 112 millionth unit of the inverter direct drive (DD) motor for its washing machin...
Mar 06, 2023 (Gmt+09:00)
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Airlines
Korea's Incheon Airport celebrates 100 millionth transfer passenger
Incheon International Airport, South Korea’s main air gateway, marked a milestone on Thursday as it welcomed its 100 millionth transfer passen...
Mar 03, 2023 (Gmt+09:00)
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Automobiles
Korea's Kumho Tire sponsors Touring Car Championship
Kumho Tire Co. announced on Monday its title sponsorship of the Touring Car Championship (TCR), a global touring car competition, with the organizer...
Feb 27, 2023 (Gmt+09:00)
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Steel
POSCO to produce low-carbon steel raw material in Australia
South Korea's top steelmaker POSCO has launched a project in Australia to produce hot briquetted iron (HBI), an essential raw material for the adopt...
Feb 14, 2023 (Gmt+09:00)
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Automobiles
Hyundai's cumulative EV sales in US surpass 100,000
Hyundai Motor Group has achieved over 100,000 cumulative electric vehicle (EV) sales in the US market since 2014. The group's three brands, Hyundai,...
Feb 13, 2023 (Gmt+09:00)
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Artificial intelligence
SK Telecom doubles capacity of its AI service's supercomputer Titan
South Korea's SK Telecom Co. on Sunday said it had doubled the processing capacity of its supercomputer Titan, the brain of its artificial intellige...
Feb 13, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Why SM emerged as hot battlefield between HYBE, Kakao
SM Entertainment Co., a South Korean music label widely credited as the pioneer of K-pop, has emerged as a new battlefield between HYBE Co., the age...
Feb 10, 2023 (Gmt+09:00)
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Foreign exchange
S.Korea doubles undocumented overseas remittance limit to $100,000
South Korea as early as June will double its annual limit on overseas remittance without evidential documents from $50,000 to $100,000.The Ministry ...
Feb 10, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor Group ranks first in US vehicle dependability study
Hyundai Motor Group has once again topped the U.S. Vehicle Dependability Study (VDS) conducted by J.D. Power, ranking first among 16 global automoti...
Feb 10, 2023 (Gmt+09:00)
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ESG
Chanel Korea to power its stores with renewable energy
Chanel Korea has taken a step toward reducing its carbon footprint by signing a memorandum of understanding (MOU) with Korea East-West Power. The ag...
Feb 09, 2023 (Gmt+09:00)
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ESG
LG Group to invest $2.7 bn in decarbonization by 2030
South Korea's No. 4 conglomerate LG Corp. is set to accelerate its net zero by 2050 strategies.LG will invest 3.4 trillion won ($2.7 billion) by 203...
Feb 05, 2023 (Gmt+09:00)
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Machinery
Hanwha Precision Machinery participates in IPCA PEX 2023
Hanwha Precision Machinery, a manufacturing solution affiliate of South Korea's Hanwha Group, participated in the IPC APEX EXPO 2023 held in San Die...
Jan 26, 2023 (Gmt+09:00)
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Economy
S.Korea's BSI hits 30-month low amid poor business sentiment
The economic outlook by companies is worsening given lingering global uncertainty, with the business outlook for February at its lowest level in two...
Jan 26, 2023 (Gmt+09:00)
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Electronics
Samsung's Galaxy S23 obtains Canstar Blue's Most Satisfied Customers award
Galaxy S23, the latest mobile handset of South Korea's electronics giant Samsung Electronics Co., obtained the Canstar Blue 2023 Most Satisfie...
Jan 25, 2023 (Gmt+09:00)
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ESG
KB Financial recognized as global sustainability leader
South Korea's KB Financial Group was selected as one of the "Global 100 Most Sustainable Corporations in the World" list announced by Corporate Knig...
Jan 20, 2023 (Gmt+09:00)
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Asset management
Mirae Asset sees 100-fold jump in deposits 15 years after entering India
South Korea's Mirae Asset Global Investments on Wednesday marked the 15th anniversary of its incorporated company in India that now has 21 trillion ...
Jan 19, 2023 (Gmt+09:00)
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Airlines
Asiana Airlines completes transforming cargo carriers to passenger planes
South Korean airline Asiana Airlines Inc. has returned all seven aircraft converted into cargo carriers during the COVID-19 pandemic to passenger pl...
Jan 16, 2023 (Gmt+09:00)
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Automobiles
11 Hyundai Motor Group products receive US' Good Design Awards
Hyundai Motor Group on Wednesday said 11 of its products won honors at this year's Good Design Awards of the US.The honors are jointly selected by t...
Jan 11, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Korean activist fund KCGI buys Meritz Asset Management
A consortium led by Korea Corporate Governance Improvement Fund (KCGI), a local activist fund, said on Jan. 9 it signed a share purchase agreement l...
Jan 09, 2023 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet