Tesla to showcase Cybertruck in South Korea next week
Tesla Inc., the world’s No. 2 electric vehicle maker, is set to showcase its electric full-size pickup Cybertruck in South Korea, home to its ...
Kia Sportage reports best year in Europe, driven by hybrid models
Kia Corp., South Korea’s second-largest automaker, said on Tuesday the sale of its flagship compact sport utility vehicle Sportage reached a f...
China’s BYD to enter South Korea’s passenger electric car market
China’s BYD Co., the world’s largest electric vehicle maker, is set to enter South Korea’s passenger EV market, setting off alarm ...
Starbucks reigns in coffee republic of South Korea; Drink, play and work
In South Korea, coffee is not just something to drink. It’s a culture, in which people drink, play and work.Koreans’ love affair with co...
S.Korean companies line up for IPOs as market recovers
South Korean companies are gearing up for listings targeting billions of dollars in market capitalization as the local initial public offering (IPO)...
Hyundai Department stocks down on cheap dividend policy
Hyundai Department Store Group, a South Korean major retail conglomerate, has unveiled the group companies’ dividend payout plans for the mid ...
Samsung Asset to launch S.Korea's first obesity treatment ETF
Korea Exchange announced on Thursday that it will list Samsung Asset Management's "KODEX Global Obesity Treatment Top 2 Plus exchange-traded fund (E...
LG Energy's 2nd bond issue hits record $4.2 bn in bids
LG Energy Solution Ltd., the world’s second-largest rechargeable battery maker, drew a record 5.61 trillion won ($4.2 billion) in bids for a S...
Genesis partners with racing legend Jackie Ickx
Hyundai Motor Co. 's premium brand Genesis announced on Thursday that the worldwide racing legend Jacky Ickx will join its official Brand Partner. ...
Doosan Enerbility faces record $15 mn in fines for improper bookkeeping
South Korea's major power plant builder Doosan Enerbility Co. faces a record-breaking fine to the tune of about 20 billion won ($15 million) over it...
Korea’s telemedicine startups seek growth abroad
South Korea’s telemedicine startups are seeking growth opportunities abroad in the face of regulations such as drug delivery restrictions that...
Lotte to sell 7-Eleven’s ATM unit in Korea for around $38 mn
Lotte Group is set to sell the automated teller machine (ATM) business of Korea Seven Co., the operator of convenience store chain 7-Eleven in South...
Harim gives up HMM deal over management rights dispute
South Korea's leading poultry processor Harim Co. has walked away from a $5 billion deal to buy HMM Co., South Korea’s No. 1 ocean carrier, re...
South Korea’s Exports Get off to Strong Start in 2024
South Korea’s exports got off to a strong start this year, with shipment growth accelerating in January amid solid demand for semiconductors...
GM chair to visit Korea, meet LG Energy, Samsung SDI CEOs
General Motors Chair and Chief Executive Mary Barra will visit South Korea on Wednesday to meet leaders of LG Energy Solution Ltd. and Samsung SDI C...
Hyundai Motor to sponsor Whitney Museum for 10 years
Hyundai Motor Co. and The Whitney Museum of American Art announced a new 10-year partnership that enables artists to test their aspirations and in...
Hyundai Rotem inks $664 million deal to supply electric trains to LA Metro
Hyundai Rotem Co., a South Korean railway system maker under Hyundai Motor Group, said on Tuesday it has won a $663.7 million deal to build electric...
Hyundai Motor unveils 2024 Kona
Hyundai Motor Co. announced on Tuesday that it unveiled the 2024 model of its best-selling electric vehicle (EV) compact sports utility vehicle (SUV...
Kia rides defense sector boom with military vehicles
Kia Corp., South Korea’s second-largest automaker, has unveiled its next-generation military vehicle technologies at the largest defense exhib...
LIG Nex1, Hyundai Rotem to team up for Middle East export
South Korea's major defense maker LIG Nex1 Co. announced on Tuesday that it has signed a memorandum of understanding (MOU) with Hyundai Rotem Co. to...
Hanwha Q Cells to unveil Q.TRON G2 solar module
Hanwha Q Cells Co., a solar power unit of South Korean conglomerate Hanwha Group, announced on Monday that it will unveil its new solar module ser...
Hyundai Glovis, KOBC sign deal for car carriers
Hyundai Glovis Co. and Korea Ocean Business Corporation (KOBC) announced on Monday that they will sign a business agreement on Feb. 6. related to ...
SK Telecom gears up for AI leap in 2024
SK Telecom Co., South Korea’s largest mobile carrier, will expedite its transition into an artificial intelligence company this year after its...
Hyundai Motor mulls India unit IPO to raise $3 bn
Hyundai Motor India is in the early stages of talks to go public later this year to raise at least $3 billion, Reuters reported on Monday, as Hyunda...
Korea needs sustainable ecosystem for startup accelerators
South Korea needs to create a “sustainable ecosystem” to nurture influential startup accelerators like US tech startup accelerator Y Com...
Hyundai Motor to expand into secondhand EV market
Hyundai Motor Co. will expand its certified secondhand car business into electric vehicles (EVs) to increase the range of used vehicles it deals wit...
Lexus tops imported car brands in Korea driver survey
Lexus ranked tops in a customer satisfaction survey of imported-car drivers in South Korea, which also found positive responses to the online purcha...
Korea’s luxury resort market blossoms despite slow economy
South Korea’s luxury resort market seems to operate out of sync with the economy. High-end operators are opening swanky holiday resorts in Kor...
Naver logs record earnings on e-commerce, content; stocks up
South Korea’s online giant Naver Corp. reported record earnings on strong performances of its e-commerce and content businesses, sending its s...
Hyundai, Kia EV sales on a roll in US due to better style, pricing
Hyundai Motor Co. and its sibling Kia Corp. sold 6,627 units of electric vehicles together in the US last month, 51% more than a year ago as their d...
