Korea Zinc to up sales to $19 billion by 2033 with green energy

Korea Zinc to up sales to $19 billion by 2033 with green energy

Korea Zinc Inc., South Korea’s and the world’s largest lead and zinc smelter, will accelerate its drive to foster its new growth engines...

KOWEPO inks $302 mn financing deal for Oman solar project

KOWEPO inks $302 mn financing deal for Oman solar project

Korea Western Power Co. (KOWEPO) said on Thursday it signed a 400 billion won ($301.8 million) financing deal for a solar power generation project i...

GM Korea’s exports surpass 10 mn units Jan-Nov 2023

GM Korea’s exports surpass 10 mn units Jan-Nov 2023

GM Korea Co. said on Thursday its vehicle exports have surpassed 10 million units this year as of the end of November with shipments of 10,082,281 u...

Korea’s small diesel truck ban powers LPG-fueled models

Korea’s small diesel truck ban powers LPG-fueled models

South Korea plans to prohibit small trucks with diesel engines from new registrations next year, increasing sales of liquefied petroleum gas-powered...

Samsung Galaxy S23 FE due in Korea; to premiere S24 model in January

Samsung Galaxy S23 FE due in Korea; to premiere S24 model in January

Samsung Electronics Co., the world’s largest smartphone maker by volume, is launching the Galaxy S23 FE series – its latest fan edition ...

South Korea to support urea purchases outside China, boost reserves

South Korea to support urea purchases outside China, boost reserves

The South Korean government plans to offer financial support to domestic companies when they import urea, a substance used in diesel vehicles and fe...

Genesis GV60 named best SUV in China

Genesis GV60 named best SUV in China

Hyundai Motor Co.'s premium brand Genesis announced on Wednesday that its luxury mid-sized electric sports utility vehicle (SUV) GV60 was selected a...

Hyundai unveils redesigned SUV Tucson

Hyundai unveils redesigned SUV Tucson

Hyundai Motor Co. on Wednesday unveiled The new Tucson, the partially redesigned model of its flagship mid-sized sports utility vehicle (SUV). Tuc...

SK’s Chey proposes South Korea-Japan economic bloc akin to EU

SK’s Chey proposes South Korea-Japan economic bloc akin to EU

WASHINGTON, D.C. – South Korea and its closest neighbor Japan need to form an economic coalition, similar to the European Union (EU), to meet ...

Hyundai, Kia support Korean exports hit by weak chip sales

Hyundai, Kia support Korean exports hit by weak chip sales

Two affiliates of Hyundai Motor Group, the world’s third-largest automaker by sales, ranked as the top South Korean exporters in the one-year ...

Korean shipbuilders slide to 2nd place after China in November orders

Korean shipbuilders slide to 2nd place after China in November orders

South Korean shipbuilders slid to second place in new shipbuilding orders last month, yielding the top spot back to their Chinese rivals.According t...

Hyundai Mobis builds new electrification research center

Hyundai Mobis builds new electrification research center

South Korea’s Hyundai Mobis announced on Tuesday that it opened the Electrification Research Center in Euiwang, Gyeonggi Province, South Korea...

S.Korea to buy more F-35As, but picks Embraer C-390s for transport

S.Korea to buy more F-35As, but picks Embraer C-390s for transport

South Korea has chosen the F-35A by US-based Lockheed Martin Aeronautics as its stealth aircraft and Brazil-headquartered aerospace company Embraer&...

Chipmakers Samsung, SK Hynix among foreigners’ top picks in Korea

Chipmakers Samsung, SK Hynix among foreigners’ top picks in Korea

South Korea’s two largest chipmakers, Samsung Electronics Co. and SK Hynix Inc., were among foreign investors’ top picks on the country&...

S.Korea to put $3.6 bn shares in gaming giant NXC on sale

S.Korea to put $3.6 bn shares in gaming giant NXC on sale

The South Korean government said on Monday it will launch a tender offer to sell off a 29.3% stake, valued at around 4.7 trillion won ($3.6 billion)...

HSBC, BNP Paribas reported to Korean prosecutors for naked shorting

HSBC, BNP Paribas reported to Korean prosecutors for naked shorting

The Hongkong and Shanghai Banking Corporation Ltd. (HSBC) and BNP Paribas CIB have been reported to South Korean public prosecutors in violation of ...

The Hyundai Seoul, a must-visit for young foreigners

The Hyundai Seoul, a must-visit for young foreigners

The Hyundai Seoul, the largest department store in the South Korean capital, topped the 1 trillion won mark in annual sales at the fastest pace in t...

IONIQ 5, Sportage named safest cars by IIHS

IONIQ 5, Sportage named safest cars by IIHS

Hyundai Motor Co. 's crossover electric vehicle (EV) sport-utility vehicle (SUV) IONIQ 5 and Kia Corp. 's best-selling SUV Sportage earned a Top S...

China’s urea halts raise specter of another logistics crisis in Korea

China’s urea halts raise specter of another logistics crisis in Korea

China has halted customs clearance on its exports of urea, a substance used to reduce carbon emissions in diesel vehicles, raising the prospect of a...

Kia EV9 sweeps European awards, sees strong US pre-orders

Kia EV9 sweeps European awards, sees strong US pre-orders

The Kia EV9, the flagship large all-electric sport utility vehicle of South Korea’s No. 2 automaker, is sweeping major industrial awards in Eu...

S.Korea’s chip exports rebound, ending 15-month losing streak

S.Korea’s chip exports rebound, ending 15-month losing streak

South Korean exports of semiconductors, the country’s top export item, rebounded in November, ending 15 months of declines and reinforcing exp...

S.Korea, Japan seal 3-year $10 bn currency swap deal

S.Korea, Japan seal 3-year $10 bn currency swap deal

South Korea and Japan on Friday revived their bilateral currency swap line to boost their dollar liquidity amid improved diplomatic relations.The tw...

Orsted wins 1.6 GW offshore wind power license from Korea

Orsted wins 1.6 GW offshore wind power license from Korea

Danish energy company Orsted has secured exclusive rights to build South Korea’s largest offshore wind power complex in a project estimated at...

BOK chief says rates need to stay high for over 6 months

BOK chief says rates need to stay high for over 6 months

South Korea’s central bank chief on Thursday said interest rates will have to stay high for more than six months, leaving the door open for an...

Hyundai Mobis unveils world’s first QL display for vehicles

Hyundai Mobis unveils world’s first QL display for vehicles

South Korea’s top auto parts maker Hyundai Mobis Co. said on Thursday it has developed an innovative premium display for vehicles – the ...

Korea's startup ecosystem lags behind peers in global investments

Korea's startup ecosystem lags behind peers in global investments

South Korea’s startup environment lags behind major countries in terms of global expansion and foreign investment attraction, a report from st...

Renault Korea to equip Tmap Mobility infotainment in new vehicle

Renault Korea to equip Tmap Mobility infotainment in new vehicle

Renault Korea Motors announced on Thursday that it has signed a memorandum of understanding (MOU) for future infotainment collaboration to provide d...

Korea puts brakes on Chanel, Hermes, Nike resale bans

Korea puts brakes on Chanel, Hermes, Nike resale bans

The Korea Fair Trade Commission (KFTC) has put the brakes on what it calls unfair business practices whereby Chanel, Hermes and Nike ban customers f...

S.Korea’s factory output, consumption dwindle in October

S.Korea’s factory output, consumption dwindle in October

South Korea’s factory activity waned last month, snapping a recovery streak in the previous two months, largely due to a drop in chip producti...

Hyundai IONIQ 5 N named 2023 Car of the Year by TopGear

 Hyundai IONIQ 5 N named 2023 Car of the Year by TopGear

South Korea's Hyundai Motor Group announced on Thursday that Hyundai Motor Co.'s IONIQ 5 N electric vehicle has been named Car of the Year and Kia C...

LG links up with Chinese rivals for budget appliance supremacy Mercedes opens world’s 1st Maybach flagship center in Seoul Blackpink's new single Jump tops Spotify daily chart K-content goes cultural: KPop Demon Hunters sparks heritage K-goods craze POSCO supplies HIC-resistant steel for Aramco’s Fadhili gas plant