LG Group to launch global strategy center in July

LG Group to launch global strategy center in July

LG Group will reportedly launch next month a global strategy center to analyze business trends abroad and devise responses.Industry sources on Sunda...

Hyundai Elantra N TCR wins 2023 TCR World Tour in Italy

Hyundai Elantra N TCR wins 2023 TCR  World Tour in Italy

Hyundai Motor Co. announced on Monday that the Elantra N TCR has won the 2023 TCR (touring car racing) World Tour in Vallelunga Circuit, Campagnano ...

Hyundai ramps up ties with Samsung, SK, LG for EVs, self-driving cars

Hyundai ramps up ties with Samsung, SK, LG for EVs, self-driving cars

South Korea’s top automaker Hyundai Motor Co. is strengthening its tech alliance with its local partners such as Samsung, LG and SK to stay ah...

OpenAI’s Sam Altman seeks help from Korean startups, chipmakers

OpenAI’s Sam Altman seeks help from Korean startups, chipmakers

Sam Altman, chief executive of Microsoft-backed OpenAI and ChatGPT creator, said on Friday that he hopes to collaborate with South Korean developers...

KB Financial, Sompo Japan team up for boosting nursing care services

KB Financial, Sompo Japan team up for boosting nursing care services

South Korea's KB Financial Group and Japan's Sompo Holdings announced on Friday a memorandum of understanding (MOU) to collaborate on nursing care s...

Hanwha Q Cells sweeps global solar energy industry awards

Hanwha Q Cells sweeps global solar energy industry awards

Hanwha Q Cells Co.'s winning of major global solar energy industry prizes is expected to help the unit of South Korean Hanwha Solutions Corp. cement...

Shinhan Financial chief in Europe to meet with BNP Paribas, investors

Shinhan Financial chief in Europe to meet with BNP Paribas, investors

Jin Ok-dong, chairman of Shinhan Financial Group Co., is off to Europe for investor relations sessions with its shareholders, including BNP Paribas ...

Hyosung Chemical’s credit rating downgraded one notch

Hyosung Chemical’s credit rating downgraded one notch

Korea Investors Service downgraded the unsecured bond credit rating of Hyosung Chemical on Thursday from A to A-, saying that its profit-generating ...

S.Korea’s Handsome releases brand book with Assouline

S.Korea’s Handsome releases brand book with Assouline

South Korean fashion company Handsome Corp., a division of Hyundai Department Store Group, said on Thursday that it has partnered with Assouline, on...

Mirae Asset Securities, Near Protocol team up for blockchain techs

Mirae Asset Securities, Near Protocol team up for blockchain techs

South Korea's Mirae Asset Securities announced on Thursday that it has signed a memorandum of understanding (MOU) for collaborative research in bloc...

S.Korea to ease regulations for foreign investor in domestic market

S.Korea to ease regulations for foreign investor in domestic market

South Korea is set to raise the annual cap for individuals' overseas fund transfers without prior notice from $50,000 to $100,000, thereby easing th...

Affinity Equity Partners’ Korea head Sam Lee resigns

Affinity Equity Partners’ Korea head Sam Lee resigns

Affinity Equity Partners’ Seoul office head Sam Lee has left the global investment firm, sources familiar with the matter told The Korea Econo...

Samsung to showcase new Galaxy foldables in Seoul in July

Samsung to showcase new Galaxy foldables in Seoul in July

Samsung Electronics Co., the world’s largest smartphone maker, will showcase new foldable smartphones in the Galaxy Z series next month for th...

SK set to produce faster EV chargers than Tesla in US

SK set to produce faster EV chargers than Tesla in US

DALLAS, TEXAS - South Korea’s SK Signet Inc. is poised to produce electric vehicle chargers with the fastest charging speed in the US, targeti...

Samsung perfects the home theater with top-notch multichannel soundbar

Samsung perfects the home theater with top-notch multichannel soundbar

Samsung Electronics Co. is not only the world’s biggest TV and memory chip maker but also the global No. 1 soundbar brand thanks to its top-no...

HYBE in talks to raise $380 million to reach beyond K-pop: Bloomberg

HYBE in talks to raise $380 million to reach beyond K-pop: Bloomberg

HYBE Co., the South Korean entertainment powerhouse behind BTS, is said to be seeking to finance about 500 billion won ($380 million) to bring more ...

Fifty Fifty label seeks investment from Silicon Valley

Fifty Fifty label seeks investment from Silicon Valley

The South Korean label behind K-pop rookie sensation Fifty Fifty is looking to Silicon Valley for investment as the four-girl band, already with a l...

Teachers' Pension to up global alternatives to 19% of AUM by 2027

Teachers' Pension to up global alternatives to 19% of AUM by 2027

Teachers’ Pension (TP), South Korea’s major pension fund for private school employees, will accelerate investment in domestic bonds whil...

S.Korea's Mirae Asset, Hana Financial Group form security token tie-up

S.Korea's Mirae Asset, Hana Financial Group form security token tie-up

South Korea's Mirae Asset Securities on Thursday said it signed an agreement with Hana Financial Group on the security token consortium Next Finance...

Hanmi Semiconductor sets up local corporation in Vietnam

Hanmi Semiconductor sets up local corporation in Vietnam

South Korean chip equipment maker Hanmi Semiconductor Co. said on Wednesday that it has set up a local subsidiary, Hanmi Vietnam, in the Bac Ninh re...

DB Group, T&T Group sign agreement for business corporation

DB Group, T&T Group sign agreement for business corporation

DB Group, South Korea's conglomerate, announced on Tuesday that it has signed a memorandum of understanding (MOU) for business collaboration with Vi...

Doosan Enerbility joins global fusion project ITER

Doosan Enerbility joins global fusion project ITER

South Korea’s Doosan Enerbility Co. will supply pressurizers to the global fusion project International Thermal Experimental Reactor (ITER) ...

POSCO Int'l secures graphite supply from Tanzania

POSCO Int'l secures graphite supply from Tanzania

South Korea's POSCO International has signed a deal on the supply of natural graphite to strengthen its battery raw materials unit.The company on ...

Lotte to open Silicon Valley corporate venture capital unit

Lotte to open Silicon Valley corporate venture capital unit

Lotte Group, a South Korean retail-to-chemical conglomerate, is set to launch a corporate venture capital (CVC) business in Silicon Valley, the glob...

Hyundai renews FIFA sponsorship; Boston Dynamics, Supernal join

Hyundai renews FIFA sponsorship; Boston Dynamics, Supernal join

Hyundai Motor Co. and Kia Corp., the two automaking units of Hyundai Motor Group, said on Friday they have extended their FIFA partnerships through ...

Hyundai E&C, Holcim to jointly develop low-carbon construction materials

Hyundai E&C, Holcim to jointly develop low-carbon construction materials

South Korea's Hyundai Engineering & Construction (E&C) said on Thursday that it has established an agreement with Holcim, a renowned global ...

SK On wins $909 mn from BlackRock, QIA, MBK consortium

SK On wins $909 mn from BlackRock, QIA, MBK consortium

SK On Co., the world’s fifth-largest battery maker, has confirmed it will receive a 1.2 trillion won ($908.7 million) investment for a minorit...

Hanon to build $40 mn heat pump systems plant in US state of Georgia

Hanon to build $40 mn heat pump systems plant in US state of Georgia

Hanon Systems Corp., a South Korean thermal management systems provider for automakers, is set to inject $40 million to establish a plant in the US ...

ASM to invest $100 mn to expand R&D facilities in S.Korea

ASM to invest $100 mn to expand R&D facilities in S.Korea

The Netherlands-based semiconductor equipment maker ASM will invest $100 million (132 billion won) to boost its R&D and production capacities in...

Innocean joins top 10 brand marketing agencies in India

Innocean joins top 10 brand marketing agencies in India

Innocean, a Hyundai Motor Group-affiliated advertising agency, announced on Wednesday that its Indian corporation has joined top 10 of local brand m...

Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media Return of the K-pop queens: Blackpink, Twice power up YG, JYP Samsung to launch AI health coach beta in US by end-2025 South Korea moves to mandate treasury share cancellation