Korea's NPS upped alternative investment by 33% in 2021

Korea's NPS upped alternative investment by 33% in 2021

The National Pension Service (NPS) of South Korea committed 204.4 trillion won ($156.7 billion) to alternative investment as of end-2021, up 32.7% f...

NCSOFT delays key game launches, darkening H2 outlook

NCSOFT delays key game launches, darkening H2 outlook

NCSOFT Corp., South Korea’s leading games developer, postponed the releases of key games that could attract new users, clouding its business o...

Korea trade deficit jumps as chip exports fall on Aug. 1-10

Korea trade deficit jumps as chip exports fall on Aug. 1-10

South Korea suffered from a larger trade deficit in the first 10 days of the month as semiconductor exports declined on weaker demand for memory chi...

Coupang posts first positive EBITDA, raises full-year forecast

Coupang posts first positive EBITDA, raises full-year forecast

Coupang Inc., South Korea’s answer to global e-commerce giant Amazon.com, said on Wednesday its second-quarter performance has improved signif...

Foldable smartphones will go mainstream at Samsung: Mobile chief

Foldable smartphones will go mainstream at Samsung: Mobile chief

NEW YORK – Samsung Electronics Co. has vowed to make foldable smartphones its mainstream products in the high-end segment, setting its sales t...

Korea suffers from foreign workers shortage in farming

Korea suffers from foreign workers shortage in farming

South Korea’s agricultural product prices are expected to increase this year as the agriculture industry is suffering chronic labor shortages....

Mobility platform Socar slashes price to push ahead with IPO

Mobility platform Socar slashes price to push ahead with IPO

South Korea’s first mobility unicorn Socar Inc. has cut its IPO price by 18% to push ahead with its stock market debut, according to industry ...

Naver Band celebrates 10-year anniversary, over 6.1 billion posts

Naver Band celebrates 10-year anniversary, over 6.1 billion posts

South Korea’s tech juggernaut Naver Corp. announced Monday that its Naver Band celebrates 10 years in service with more than 156 million app d...

Hyundai Motor between rock and a hard place over Russia operations

Hyundai Motor between rock and a hard place over Russia operations

South Korea’s automotive juggernaut Hyundai Motor Co., which has invested heavily in Russia over the last several years, is stuck between a ro...

LG Elec. revives tablet business to target Korean edtech market 

LG Elec. revives tablet business to target Korean edtech market 

LG Electronics Inc. is going all in on South Korea’s distance learning market. For the first time in three years, the electronics giant h...

South Korean firms bullish on hiring developers from India, SE Asia 

South Korean firms bullish on hiring developers from India, SE Asia 

Travel startup Storicity Inc. tried for a year to find a developer in South Korea – to no avail.But when it expanded its search abroad through...

Celltrion logs strong Q2 earnings powered by biosimilars

Celltrion logs strong Q2 earnings powered by biosimilars

South Korea’s biopharmaceutical maker Celltrion Inc. on Friday reported strong quarterly earnings thanks to healthy demand for its biosimilar ...

Infineon chip flaws to disrupt IONIQ 5 EV production

Infineon chip flaws to disrupt IONIQ 5 EV production

Hyundai Motor Co. is highly likely to suffer a further production delay for its all-electric crossover IONIQ 5 after South Korean industry sources s...

Kakao Games posts record-high operating profit in Q2

Kakao Games posts record-high operating profit in Q2

Kakao Games Corp., the game publishing unit of South Korean web service giant Kakao Corp., said on Wednesday it achieved record-high operating profi...

SK Nexilis to unveil ultra-high strength EV battery copper foil

SK Nexilis to unveil ultra-high strength EV battery copper foil

SK Nexilis Co., a unit of South Korean chemical materials maker SKC Ltd., has developed technology to mass produce ultra-high strength copper foil, ...

Korea’s Big Three shipbuilders in red despite growing order backlog

Korea’s Big Three shipbuilders in red despite growing order backlog

South Korea’s three major shipbuilders remain in the red despite hefty new ship orders so far this year, led by high-priced vessels such as li...

New Delhi blocks Krafton’s Battle Ground Mobile India

New Delhi blocks Krafton’s Battle Ground Mobile India

The Indian government has ordered the country’s Alphabet Inc.'s Google Play Store and Apple Inc.’s App Store to delete South Korean ga...

China's lockdown slams Korean beauty giants' Q2 earnings

China's lockdown slams Korean beauty giants' Q2 earnings

South Korea’s two major cosmetics firms, Amorepacific Corp. and LG H&H Co., posted their second-quarter earnings heavily impacted by Chi...

Hyundai Doosan Infracore declares 1st cash dividend in 14 years

Hyundai Doosan Infracore declares 1st cash dividend in 14 years

Hyundai Doosan Infracore Co., a South Korean construction equipment company, will pay dividends to its shareholders for the first time in 14 years.A...

Samsung to ramp up hiring for foundry business

Samsung to ramp up hiring for foundry business

South Korea's Samsung Electronics Co. plans to sharply increase the number of local employees in its semiconductor division this year to address tal...

Starbucks Korea faces its biggest challenge in 23 years 

Starbucks Korea faces its biggest challenge in 23 years 

Starbucks Korea, the undisputed leader in South Korea’s coffee franchise landscape, is facing the biggest challenge of its 23-year history.&nb...

South Korea arms exports triple; rises to 8th-largest exporter

South Korea arms exports triple; rises to 8th-largest exporter

 South Korea has become the world’s eighth-largest arms exporter, with its exports rising threefold – the fastest pace among the wo...

Korean smartphone parts makers' stocks rebound in July

Korean smartphone parts makers' stocks rebound in July

South Korea’s smartphone parts makers' shares are showing signs of a rebound following a steady decline since early this year. China’s s...

Five startups join the ranks of unicorns in the first half of this year

Five startups join the ranks of unicorns in the first half of this year

Five South Korean startups joined the ranks of unicorns in the first half of 2022, the largest such figure for six months. With that, the total...

Kia posts record-high double-digit profit margin in second quarter

Kia posts record-high double-digit profit margin in second quarter

Kia Corp., South Korea’s largest automaker, said on Friday it posted its first-ever double-digit operating profit margin in the second quarter...

LG Energy to double Ford battery pack production line in Poland

LG Energy to double Ford battery pack production line in Poland

LG Energy Solution Ltd., SK Innovation Co., and other South Korean companies are poised to strengthen their business ties with Michigan-based Ford M...

Award-winning Hyundai IONIQ 5 EV to land in Japan as MK Taxi

Award-winning Hyundai IONIQ 5 EV to land in Japan as MK Taxi

South Korea’s top automaker Hyundai Motor Co. said on Wednesday it is supplying its all-electric IONIQ 5 crossover to Japan’s taxi servi...

AI-powered translation startup XL8 raises $2.7 million in bridge investment

AI-powered translation startup XL8 raises $2.7 million in bridge investment

Artificial intelligence-powered translation startup XL8 Inc. said on Monday it raised 3.6 billion won ($2.7 million) in a bridge round prior to Seri...

LG Uplus aims to recycle 100% of industrial waste in 3 years

LG Uplus aims to recycle 100% of industrial waste in 3 years

LG Uplus Corp. announced it will recycle 100% of industrial waste from its plants by 2025.The mobile network arm of LG Corp. published a report titl...

Hyundai, Kia to launch Level 3 self-driving Genesis G90, EV9 in 2023

Hyundai, Kia to launch Level 3 self-driving Genesis G90, EV9 in 2023

South Korea’s Hyundai Motor Group will launch its most-advanced Level 3 autonomous cars next year, starting with Hyundai Motor Co.'s flagship ...

S.Korea’s Bebesup gains China nod for baby skincare, eyes global expansion At home, K-convenience stores battle stagnation; abroad they are powerful K-food ambassador 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