KAI secures $1.1 bn deal to mass-produce light-armed helicopters

KAI secures $1.1 bn deal to mass-produce light-armed helicopters

Korea Aerospace Industries Ltd. (KAI), the sole military aircraft manufacturer in the country, announced on Wednesday that it has signed a contract ...

POSCO to foster rare gas business with Zhongtai Cryogenic

POSCO to foster rare gas business with Zhongtai Cryogenic

POSCO Holdings Inc. will build a highly purified rare gas-producing joint venture in South Korea with Zhongtai Cryogenic Technology Corp. from China...

Korea's leading used-car platform Encar drops IPO plan

Korea's leading used-car platform Encar drops IPO plan

Encarsales.com Ltd., a South Korean used-car trading platform, will withdraw its initial public offering plan as early as this week due to deteriora...

This country will police ‘shrinkflation’ at the supermarket

This country will police ‘shrinkflation’ at the supermarket

SEOUL—Food prices have risen so much that Kim Soo-yeon has developed a suspicious new habit at the grocery store. She has taken to shaking bag...

Korea’s besieged mobile carriers grapple with OTT players’ rate hikes

Korea’s besieged mobile carriers grapple with OTT players’ rate hikes

South Korea’s telecommunications companies, besieged by the onslaught of foreign over-the-top (OTT) players such as Netflix and YouTube, are g...

Hyundai Motor reveals facelift of G80 sedan

Hyundai Motor reveals facelift of G80 sedan

Hyundai Motor Co.'s premium brand Genesis released a facelift of its signature large sedan G80 on Tuesday. This car is the revamped third-generatio...

HD Hyundai Construction, Infracore to use integrated machinery platform

HD Hyundai Construction, Infracore to use integrated machinery platform

HD Hyundai Co., a South Korean shipbuilding and machinery conglomerate, is building an integrated equipment manufacturing platform for its two const...

HD Hyundai, Google Cloud team up to accelerate generative AI innovation

HD Hyundai, Google Cloud team up to accelerate generative AI innovation

HD Hyundai Co., South Korea’s shipbuilding-to-heavy machinery conglomerate, said on Tuesday it has teamed up with Google Cloud, the informatio...

Hyundai Mobis, Wind River to build digital space for SDV

Hyundai Mobis, Wind River to build digital space for SDV

South Korea’s Hyundai Mobis announced on Monday that it will build a digital twin system named M.Dev Studio with the US-based software compa...

BNP Paribas, HSBC fined $20.4 million in Korea for naked short-selling

BNP Paribas, HSBC fined $20.4 million in Korea for naked short-selling

South Korea’s financial regulator has slapped a combined 26.52 billion won ($20.4 million) in fines on BNP Paribas SA, its Korean brokerage un...

LegoChem Bio, Janssen sign $1.7 bn ADC licensing deal

LegoChem Bio, Janssen sign $1.7 bn ADC licensing deal

LegoChem Biosciences Inc. has signed a blockbuster $1.7 billion deal to license out its proprietary antibody drug conjugate (ADC) candidate to Jasse...

ESR KendallSquare REIT leads Korean logistics sector

ESR KendallSquare REIT leads Korean logistics sector

ESR KendallSquare REIT, overseeing 18 advanced logistics centers across South Korea, adeptly handled challenges in the real estate sector this year....

Korea’s Glenwood PE in spotlight with carve-out deals

Korea’s Glenwood PE in spotlight with carve-out deals

South Korean investment firm Glenwood Private Equity Co. is solidifying its leading position with a carve-out strategy in the domestic market, execu...

Hyundai Exter, IONIQ 5 win India’s influential car awards

Hyundai Exter, IONIQ 5 win India’s influential car awards

Hyundai Motor Co. has won major auto industry prizes in India that are expected to help the leading South Korean automaker expand its presence in th...

Korea’s E-Mart24 to debut in Cambodia, aims for 100 stores by 2028

Korea’s E-Mart24 to debut in Cambodia, aims for 100 stores by 2028

E-Mart24 Inc., one of South Korea’s leading convenience store chains, will make a foray into Cambodia to gain ground in one of Southeast Asia&...

Hyundai Wia to create new subsidiaries: Movient, Teczen

Hyundai Wia to create new subsidiaries: Movient, Teczen

South Korea's second-largest auto parts maker Hyundai Wia Corp. announced on Thursday that it will establish two subsidiary companies, "Movient" and...

The Hyundai Seoul unveils Louis Vuitton store

The Hyundai Seoul unveils Louis Vuitton store

The Hyundai Seoul, South Korea's largest department store in Yoido, on December 21 opened a Louis Vuitton women's store, marking a significant addit...

Hyundai Motor’s themes at CES 2024: Hydrogen, software

Hyundai Motor’s themes at CES 2024: Hydrogen, software

South Korea’s top automaker Hyundai Motor Co. is set to present its blueprint for a hydrogen energy ecosystem and software under the theme of ...

HD Hyundai aims to double number of female employees by 2030

HD Hyundai aims to double number of female employees by 2030

HD Hyundai Co., the world’s largest shipbuilding group, will introduce a childcare leave system to make the male-dominated conglomerate an att...

S.Korea’s LF opens 9th store in Vietnam

S.Korea’s LF opens 9th store in Vietnam

South Korea’s fashion company LF Corp. announced on Thursday that it opened its ninth store in Vietnam at Trang Tien Plaza in Hanoi.Trang Tien...

Korea’s troubled kimchi fridge maker Winia seeks new owner

Korea’s troubled kimchi fridge maker Winia seeks new owner

Winia Co., South Korea’s troubled kimchi refrigerator manufacturer under court receivership, is looking for a new owner to save the company fr...

S.Korea sees new record of seaweed exports

S.Korea sees new record of seaweed exports

South Korea's seaweed (Gim) exports hit 1 trillion won ($770 million) in this year, the Ministry of Oceans and Fisheries announced on Wednesday. I...

Campbell Lutyens taps ex-KIC PE chief as Korea head

Campbell Lutyens taps ex-KIC PE chief as Korea head

Campbell Lutyens & Co. Ltd., a UK private equity advisory firm, has tapped sovereign wealth fund Korea Investment Corporation (KIC) former PE he...

HD Hyundai builds VR shipyard Twin FOS

HD Hyundai builds VR shipyard Twin FOS

South Korea’s HD Hyundai Co. announced on Wednesday that it completed the building of a virtual reality shipyard, the first stage of its Futur...

Myeong-dong cements status as super-prime real estate in Korea

Myeong-dong cements status as super-prime real estate in Korea

A 170-square-meter plot of land in Myeong-dong, central Seoul, where South Korean beauty brand Nature Republic’s flagship store is located, ha...

Hyundai’s Supernal to unveil life-size UAM at CES 2024

Hyundai’s Supernal to unveil life-size UAM at CES 2024

Supernal LLC, the US-based urban air mobility (UAM) affiliate of Hyundai Motor Group, announced on Wednesday that it will participate in CES 2024 ne...

Hyundai to sell Russian car plants at about $100 for exit

Hyundai to sell Russian car plants at about $100 for exit

Hyundai Motor Co., South Korea’s top carmaker, has decided to sell its plants in Russia for only about $100 to a local company although it has...

Watchmaker TAG Heuer launches direct operations in S.Korea

Watchmaker TAG Heuer launches direct operations in S.Korea

Swiss watchmaker TAG Heuer S.A. is set to launch direct operations in South Korea, the world’s seventh-largest luxury market in terms of sales...

Korea’s 1st institutionalized fractional art offering a smash hit

Korea’s 1st institutionalized fractional art offering a smash hit

South Korea’s first institutionalized fractional investing in a work of art proffered by Yeolmae Company, operator of South Korea’s frac...

Elantra, Tucson selected among safest cars by IIHS

Elantra, Tucson selected among safest cars by IIHS

Hyundai Motor Co.'s passenger car Avante (name in the US: Elantra) and compact sport utility vehicle (SUV) Tucson earned the Top Safety Pick Plus ...

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