Hyundai Motor lifts guidance after record-high Q2 results
South Korea’s Hyundai Motor Co. on Wednesday posted its highest-ever quarterly profit, which came in above market expectations, driven by robu...
LG Chem gets int'l certification in calculation of product carbon footprint
South Korea's LG Chem Ltd. on Tuesday said it received certification for its calculation method for product carbon footprints (PCF) from the global ...
Korea’s KFCC likely to see loss from London-based office investment
South Korea’s Vestas Investment Management Co. is slated to sell off a London-based office tower as the property value has plunged due to rate...
S.Korea’s SK On launches domestic battery safety evaluation center
South Korean battery maker SK On has unveiled its state-of-the-art "SK On Battery Safety Evaluation Center" in Seosan, South Chungcheong Province. T...
Hyundai launches high-performance brand New Avante N
South Korea's Hyundai Motor Co. on Wednesday unveiled the latest version of its high-performance N brand's flagship model, the "New Avante N".The hi...
SK Hynix logs loss for 3rd straight quarter in Q2 but eyes recovery in H2
SK Hynix Inc. reported an operating loss in the second quarter of this year, extending its losing streak to three consecutive quarters and inflating...
Hyundai, Kia, Toyota unveil new SUVs in head-to-head showdown
South Korea’s two largest automakers – Hyundai Motor Co. and Kia Corp. – are set to compete head-to-head with Japan’s top ca...
S.Korea relies heavily on Samsung Elec for R&D spending: FKI
South Korea’s corporate expenditures on research and development grew 1.7 times from 2013 to 2021, much slower than such spending by the US an...
Hyundai Motor Group, Seoul Univ. to jointly develop battery
Hyundai Motor Group opened a joint battery research center at Seoul National University, marking its full-fledged foray into next-generation battery...
HD Hyundai Infracore to sell excavator on TV home shopping
South Korea’s HD Hyundai Infracore Co. will be the nation’s first to sell an excavator, a piece of heavy equipment weighing nearly two...
S.Korea’s fashion brand Handsome expands overseas portfolio
South Korean fashion company Handsome Corp. is accelerating expansion of its portfolio for licensing foreign brands.The company on Monday said it co...
Korea's Daesang begins production of sugar alternative allulose
South Korean food maker Daesang Corp. has started operations of the country’s largest facility for the production of allulose, a low-calorie s...
LG Energy Solution expands cobalt supply deal with Canada’s Electra
LG Energy Solution Ltd. has signed a long-term contract to receive additional refined cobalt from Electra Battery Materials Corp. in Canada, in a mo...
Nearly all HMM ships meet int'l CO2 rules
South Korea’s No. 1 container transportation and shipping service HMM Co., Ltd on Monday said the Carbon Intensity Indicator (CII), which meas...
S.Korea's oil refining margins exceed break-even points
Refining margins at South Korea’s four oil refiners, led by SK Innovation Co., have exceeded their break-even points after three months, a sig...
S.Korea to form $6.2 bn corporate venture capital fund pool by 2025
The South Korean government and the private sector will jointly create a corporate venture capital (CVC) fund pool worth more than 8 trillion won ($...
Kwangdong to sell exclusively three global rare disease drugs
South Korean pharmaceutical company Kwangdong Pharmaceutical announced on Monday that it signed an agreement for securing exclusive sales and distri...
End of an era: Hyundai, Kia say goodbye to diesel-powered Porters, Bongos
Hyundai Motor Co. and Kia Corp. will cease manufacturing diesel-powered compact trucks in November and replace them with liquefied petroleum gas (LP...
MyRealTrip launches restaurant reservation service in Japan
South Korea's travel app MyRealTrip announced that it partnered with the Japanese accommodation and restaurant reservation platform Ikyu, becoming t...
S.Korea's NGeneBio establishes US corporation NGeneBioAI
South Korean medical diagnostic company NGeneBio Co. announced on Monday that it has established an artificial intelligence (AI) precision diagnosti...
Korea’s outbound travelers spend 20% more on-year in H1: BC Card
South Korea’s outbound travelers spent 19.8% more in the first half of this year compared with a year ago amid a revival in overseas tourism, ...
Kia Sportage celebrates milestone of 7 mn sales in 30 years
Kia Sportage has sold more than 7 million units since its launch three decades ago, celebrating the milestone with a special edition of its fifth-ge...
Samsung Electronics launches 89-inch Micro LED TV
Samsung Electronics Co. announced on Sunday that it launched an 89-inch Micro LED TV model in the South Korean market. This product is Samsung's hig...
S.Korea's BC Card to enter Kyrgyz payment market
South Korea's BC Card will make a full-fledged entry into the Central Asian payment market by establishing a card payment joint venture in Kyrgyzsta...
No subsidy, no problem: Hyundai, Kia make top 10 US list for EV sales
Hyundai Motor Co. and Kia Corp. in the first half of the year were among the top 10 in sales of battery electric vehicles (EVs) in the US despite re...
EcoPro to log record-high foreign net purchases in July
South Korean battery materials maker EcoPro Co., the stock price of which has soared more than nine times on the junior bourse Kosdaq since Januar...
Hyundai E&C beats Q2 profit estimates on strong foreign deals
Hyundai Engineering & Construction Co., South Korea’s leading builder, reported better-than-expected profit in the second quarter thanks t...
Korea's IMM to invest $23 mn in battery parts supplier Choil Aluminum
South Korean private credit firm IMM Credit & Solutions Inc. will invest 30 billion won ($23.4 million) in Choil Aluminum Co., an EV battery com...
S.Korea proposes extended tax breaks for reshoring companies
The South Korean government and the ruling party proposed longer-term tax cuts for companies that bring production back home to reinvigorate the cou...
S.Korea’s Brand X establishes Taiwanese corporation
South Korea's media and e-commerce company Brand X Corp. announced on Friday that it has established a Taiwanese corporation. The move seeks to ampl...
