Microsoft, KT join forces to propel Korea’s AI innovation
Microsoft Corp. and KT Corp., one of South Korea's top three telecom companies, will drive artificial intelligence transformation in the Korean firm...
Hyundai's accumulated production hits 100 mn unit milestone
Hyundai Motor has achieved the 100 million-unit milestone for its accumulated production 57 years after its inception, led by the Avante compact sed...
Korea Investment lowers price target for Samsung Electro-Mechanics
Korea Investment & Securities lowered the target price of Samsung Electro-Mechanics by 14.3% on Sunday, citing weaker-than-expected third-q...
Samsung Galaxy AI phones surpass 20 mn units in S. Korea
Samsung Electronics Co. said on Sunday that more than 20 million smartphones in South Korea are now equipped with its Galaxy AI technology, driven...
LG to invest $762 mn in webOS to transform into platform-based tech giant
LG Electronics Inc., the leading global home appliance maker, plans to invest more than 1 trillion won ($762 million) in its multitasking operating ...
S.Korea to offer incentives to attract foreign scientists
South Korea will offer incentives including a 50% income tax cut to attract foreign scientists to develop new growth drivers such as artificial inte...
Vinyl renaissance in Korea holds steady with diverse music tastes
Within just two hours of the opening of the 13th Seoul Record Fair last Saturday, the waitlist for new LP records reached 1,500. There were 20 new r...
Uniqlo expands in Korea as No-Japanese boycott wanes
Uniqlo Co., a Japanese fast fashion brand, is vigorously expanding brick-and-mortar stores in South Korea, attracting budget-conscious consumers ami...
Shinhan Card launches debit cards for foreign residents in S.Korea
South Korea's Shinhan Card said on Friday that it has launched two debit cards exclusively for foreign residents in the country: the SOL Global Chec...
Kia to mass-produce EVs at Hyundai Motor Group’s 1st dedicated plant
Kia Corp., an automaker of Hyundai Motor Group, is poised to start mass production of electric vehicles at the global No. 3 carmaker’s first p...
Hyundai Motor, Kia to boost partnership with RISD
Hyundai Motor Co. and Kia Corp. said on Friday they strengthened their partnership with the renowned US art school, Rhode Island School of Design (R...
Korea Investment to publish emerging market investment guidebook
Korea Investment Management Co. said on Friday that it will publish an Emerging Market Guidebook on September 30, which will contain investment stra...
Hyundai Motor Group to develop tech to cut Chinese precursor imports
Hyundai Motor Group, the world’s third-largest carmaker, has started developing electric vehicle battery technology to cut costs and reduce th...
Woori Bank expands services for foreign customers in S.Korea
Woori Bank announced on Friday that it has set up additional “global desks” dedicated to foreign customers, some of which will be open o...
CJ OnStyle, Amazon support K-beauty to enter US market
CJ Onstyle, the at-home TV shopping and e-commerce brand of South Korea’s content and commerce powerhouse CJ ENM Co., said on Thursday th...
Hyundai to develop unmanned robot for EV fire suppression
Hyundai Motor Group said on Thursday that it plans to jointly develop the unmanned firefighting robot vehicle with the South Korean National Fire Ag...
Korea Investment Corp. appoints Park Il Young as its new CEO
South Korean sovereign wealth fund Korea Investment Corporation (KIC) announced on Thursday that it has appointed former World Bank Group executive ...
SK On to cut jobs for first time amid sustained EV weakness
SK On Co., the world’s fifth-largest electric vehicle battery maker, plans to cut its workforce with the company’s first voluntary retir...
Hyundai Mobis gets cybersecurity certification in Europe
Hyundai Mobis Co. has become the first Asian auto parts company to receive cybersecurity certification in Europe, which is leading the way in establ...
Near Brain gives hope to millions of stroke patients worldwide
Strokes are the second leading cause of death and the third leading cause of disabilities globally, according to the World Health Organization.To fi...
MBK ups Korea Zinc bid price as management feud intensifies
North Asia-focused private equity firm MBK Partners Ltd. has raised its bid price to take control of Korea Zinc Inc. by 13.6%, increasing the cost f...
S.Korea’s T’way Air to introduce A330-900 Neo aircraft
T'way Air Co. announced on Thursday that it will gradually introduce five new Airbus A330-900 Neo aircraft starting next year.T’way recently s...
Korea Securities to expand its ultra-high net worth business
Korea Investment & Securities announced on Thursday that it has signed a memorandum of understanding (MOU) with Arceon Group to strengthen its o...
Influencers wield greater marketing power in S.Korea
Merch reliance on digital content creators for marketing is on the rise in South Korea, allowing some influencers to enjoy handsome earnings from em...
Korea Zinc to sell $301 mn in CPs amid management feud with MBK
Korea Zinc Inc., the world’s top zinc and lead smelter, is set to sell 400 billion won ($300.9 million) in commercial papers, its first fundra...
Hyundai partners with Samsung to enhance connected vehicle technology
South Korea’s Hyundai Motor Group has joined forces with Samsung Electronics Co. to advance connected vehicle technology utilizing the tech gi...
Hyundai Glovis, BYD seek strategic alliance on car exports
Hyundai Glovis Co. has inked a memorandum of understanding with China's No. 1 electric vehicle maker BYD Co. to form a strategic alliance on car tra...
Fed’s big rate cut spurs Korean firms to issue foreign bonds
South Korean companies rushed to issue foreign currency bonds after the US Federal Reserve lowered interest rates for the first time in more than fo...
KRX launches Korea Value-up Index featuring 100 best practice firms
South Korea’s securities exchange operator, Korea Exchange, launched a new corporate value-up index on Tuesday, a key plank for the government...
South Korea Can Go Only So Far Copying Japan’s Market Reforms
South Korea is taking a page from Japan to boost its stock market. There are certainly some low-hanging fruits to pick, but the country’s larg...
