Hyundai Motor regains AAA credit rating after 4 years

Hyundai Motor regains AAA credit rating after 4 years

Hyundai Motor Co. regained its top AAA credit rating for the first time since the end of 2019.NICE Investors Service on Tuesday upgraded Hyundai Mot...

EVs in S.Korea exceed 500,000

EVs in S.Korea exceed 500,000

The cumulative number of electric vehicles (EVs) registered in South Korea exceeded 500,000 last year.The number of EV chargers supplied domesticall...

Korea’s Shinsegae replaces building unit chief amid property downturn

Korea’s Shinsegae replaces building unit chief amid property downturn

South Korea’s retail giant Shinsegae Group on Tuesday replaced the head of its construction unit amid the sluggish property market, adding to ...

Hollys Coffee goes to Japan as Korean franchises turn gaze abroad

Hollys Coffee goes to Japan as Korean franchises turn gaze abroad

Hollys Coffee, a unit of South Korea’s KG Group, is opening its first overseas outlet in Osaka, Japan, riding on the popularity of Korean cult...

Korea's Military Mutual Aid Association starts search for new CIO

Korea's Military Mutual Aid Association starts search for new CIO

South Korea’s Military Mutual Aid Association (MMAA), which managed 10.4 trillion won ($7.7 billion) in assets as of the end of 2023, said on ...

Korea’s rate cut hope wanes with inflation above 3% in March

Korea’s rate cut hope wanes with inflation above 3% in March

South Korea’s headline inflation stayed above 3% for two straight months in March on a surge in fruit and vegetable prices coupled with higher...

Korea Zinc buys US Kataman for $55 mn for recycling business

Korea Zinc buys US Kataman for $55 mn for recycling business

Korea Zinc Inc., the world’s largest lead and zinc smelter, acquired Kataman Metals LLC, a US-based scrap metal trading company, at $55 millio...

Blackstone sells prime Seoul office building for $586 mn to Koramco

Blackstone sells prime Seoul office building for $586 mn to Koramco

Blackstone Inc. completed selling off Arc Place, a prime office building located in Seoul's upscale Gangnam area, to Koramco REITs Management and Tr...

Korea, Japan lead Asia's buyout markets: MBK Partners

Korea, Japan lead Asia's buyout markets: MBK Partners

South Korea and Japan are the two most important markets for buyouts in Asia, and China is still a significant private market with potential for mid...

Hyundai Wia unveils EV manufacturing specialized solution

Hyundai Wia unveils EV manufacturing specialized solution

Hyundai Wia Corp., a South Korean automotive parts manufacturer, unveiled its Mobility Manufacturing Total Solution specialized for electric vehicle...

LF’s fashion brand Dunst teams up with E-Land for China push

LF’s fashion brand Dunst teams up with E-Land for China push

South Korean clothing company LF Corp. said on Monday that its street fashion brand Dunst will build an offline presence in China in partnership wit...

Hyundai Globis wins long-term LNGC charter in Qatar

Hyundai Globis wins long-term LNGC charter in Qatar

South Korea's Hyundai Glovis Co. announced on Monday that it has won a long-term charter for four liquefied natural gas carriers (LNGC) from QatarEn...

Hyundai Department launches Korean brands' global platform

Hyundai Department launches Korean brands' global platform

Hyundai Department Store Co., South Korea’s major retail conglomerate, has launched “The Hyundai Global” platform dedicated to pro...

Hyundai Motor’s IONIQ 5 robotaxi passes US driver’s license test

 Hyundai Motor’s IONIQ 5 robotaxi passes US driver’s license test

Soon, it will no longer be the stuff of sci-fi movies for a robocop to stop a self-driving car for speeding and for the human-less autonomous vehicl...

Foreign buying of Korean stocks hit record high in Q1

Foreign buying of Korean stocks hit record high in Q1

Foreign investors gobbled up a record 15.8 trillion won ($11.7 billion) worth of stocks listed in South Korea during the first three months of this ...

Doosan joins hands with China’s CNGR for battery recycling

Doosan joins hands with China’s CNGR for battery recycling

South Korea’s plant and machinery powerhouse Doosan Group has teamed up with China’s CNGR Advanced Material Co. to expand its electric v...

HD Hyundai Heavy wins record $463 million warship deal from Peru’s Navy

HD Hyundai Heavy wins record $463 million warship deal from Peru’s Navy

South Korea’s top shipbuilder HD Hyundai Heavy Industries Co. said on Friday it has won a $463 million contract to build four warships for Per...

Hyundai Motor opens N brand tuning online shop

Hyundai Motor opens N brand tuning online shop

Hyundai Motor Co. announced on Friday that it opened an online shop for its high-performance car N brand's tuning, The N Performance Shop. The ...

Korea’s factory output rebounds in February on chip recovery

Korea’s factory output rebounds in February on chip recovery

South Korea’s factory activity last month bounced back in three months thanks to strong recovery in the country’s semiconductor sector b...

Korea’s HD KSOE, Infineon team up for ship electrification

Korea’s HD KSOE, Infineon team up for ship electrification

South Korea’s top shipbuilder HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) joined hands with German chipmaker Infineon ...

HSBC faces criminal charges for naked shorting in Korea

HSBC faces criminal charges for naked shorting in Korea

South Korean prosecutors on Thursday filed criminal charges against HSBC and three of its traders, accusing them of illegal short selling worth 15.8...

Korea yet to join global bond index for capital inflows

Korea yet to join global bond index for capital inflows

South Korea has so far failed to be included on a global major bond index, denting hopes for capital inflows into Asia’s fourth-largest econom...

HD Hyundai Develon wins iF Design Award

HD Hyundai Develon wins iF Design Award

South Korea's HD Hyundai Infracore Co. announced on Thursday that its construction machinery brand Develon received the grand prize in the branding ...

Kia, Hyundai sweep World Car Awards with EV9, IONIQ 5 N

Kia, Hyundai sweep World Car Awards with EV9, IONIQ 5 N

NEW YORK – Hyundai Motor Group, the world’s No. 3 carmaker, has swept the 2024 World Car Awards, a global premier standard for automotiv...

S.Korea, Thailand launch negotiations for EPA

S.Korea, Thailand launch negotiations for EPA

South Korean and Thai governments declared the launch of negotiations for the Economic Partnership Agreement (EPA) on Thursday. South Korea’s ...

Hyundai Motor aims for next takeoff with $51 billion investment

Hyundai Motor aims for next takeoff with $51 billion investment

Hyundai Motor Group plans to spend 68 trillion won ($51 billion) and hire 80,000 new employees over three years as South Korea’s top automaker...

LG Group earmarks $74 bn for 5-year investment in Korea

LG Group earmarks $74 bn for 5-year investment in Korea

LG Group, South Korea’s No. 4 conglomerate, on Wednesday announced a plan to invest 100 trillion won ($74 billion) through 2028 in its future ...

S.Korea’s Doosan Enerbility to develop aircraft engines

S.Korea’s Doosan Enerbility to develop aircraft engines

South Korea’s major power plant builder Doosan Enerbility Co. plans to develop aircraft engines based on its turbine technology as its new gro...

IMM PE puts South Korea’s top travel agency Hanatour up for sale

IMM PE puts South Korea’s top travel agency Hanatour up for sale

IMM Private Equity Inc., a Seoul-based private equity firm, is selling its controlling stake in Hanatour Service Inc., South Korea’s top trave...

Licensed casual apparel brands' luster fades in Korea

Licensed casual apparel brands' luster fades in Korea

The fad for licensed casual fashion brands appears to be cooling in South Korea, where American sports clubs, broadcasting networks and documentary ...

Samsung Heavy Industries clinches $635 mn preliminary FLNG deal with African shipowner Gochujang, fiery seasonings: K-sauces go viral among adventurous foreign palates HD Hyundai, India’s Cochin Shipyard to pursue joint shipbuilding orders SK Innovation to restore Vietnam’s mangrove forests in ESG initiative LG Electronics' Q2 profit halved as US tariffs bite