Mirae Asset No. 1 among overseas asset managers in India

Mirae Asset No. 1 among overseas asset managers in India

MUMBAI – South Korea’s Mirae Asset Global Investments Co., managing 22 trillion won ($16.7 billion) in India, ranks No. 1 among overseas...

Hyundai Glovis to raise car shipping rates amid vehicle carrier shortage

Hyundai Glovis to raise car shipping rates amid vehicle carrier shortage

Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, plans to raise vehicle shipping rates considering the sharp rise ...

Hyundai, Kia see US sales increase for 13th consecutive month

Hyundai, Kia see US sales increase for 13th consecutive month

South Korea’s largest automaker Hyundai Motor Co. and its sister company Kia Corp. posted a record 13th consecutive month sales increase last ...

POSCO mulls opening integrated steel plant in India

POSCO mulls opening integrated steel plant in India

CHENNAI, INDIA – POSCO, the South Korean steel giant under POSCO Holdings Inc., is considering opening an integrated steel mill in India ...

Hyundai, Kia hope to turn Indians into EV consumers

Hyundai, Kia hope to turn Indians into EV consumers

CHENNAI, INDIA – When Hyundai Motor Co. decided to establish its operations in Chennai, India, 27 years ago, many of its executives in Seoul q...

S.Korea's Posco International secures graphite in Africa

 S.Korea's Posco International secures graphite in Africa

South Korea's POSCO International Corp. is broadening its footprint in Africa's secondary battery raw material sector, with plans to secure an annua...

Eastar Jet resumes int'l flights after three and half years

Eastar Jet resumes int'l flights after three and half years

South Korea's low-cost carrier Eastar Jet on Sunday said it resumed international flights for the first time in three and a half years starting with...

Hyundai, LG to spend combined $7.6 bn to build EV, battery plants in US

Hyundai, LG to spend combined $7.6 bn to build EV, battery plants in US

Hyundai Motor Group and LG Energy Solution Ltd. will spend a combined $7.59 billion to build electric vehicle and battery cell plants in Georgia, th...

AI webtoon generator Realdraw earns most votes at D.Day

AI webtoon generator Realdraw earns most votes at D.Day

Realdraw, a South Korean developer of artificial intelligence image generation technology, won the country’s oldest startup pitch race D.Day l...

L'Oréal keeps door open for more K-beauty acquisitions

L'Oréal keeps door open for more K-beauty acquisitions

L'Oréal S.A., the leading global cosmetics maker, is considering more acquisitions and partnerships in the beauty sector of South Korea, the ...

Korea emerges as growth market, design hub for global brands

Korea emerges as growth market, design hub for global brands

Global fashion and luxury goods brands are opening directly managed stores in South Korea, one of their growth markets, ending their decades-long re...

Korea’s exports down for 11th month in August but at slower pace

Korea’s exports down for 11th month in August but at slower pace

South Korea’s exports shrank last month for 11 consecutive months but signs of a recovery in demand for the country’s mainstay export it...

Samsung Galaxy Z foldables set early sales record in Europe

Samsung Galaxy Z foldables set early sales record in Europe

Samsung Electronics Co. 's Galaxy Z Flip 5 and Z Fold 5 smartphones have set early sales records in Europe, with annual sales of the company's folda...

Duty-free shops in Jeju welcome return of Chinese cruise tourism

Duty-free shops in Jeju welcome return of Chinese cruise tourism

For the first time since Beijing lifted restrictions on group tourism to South Korea, Chinese cruise tourists have flocked to Jeju Island's duty-fre...

Hyundai Engineering to produce offshore wind power on Chuja Islands

Hyundai Engineering to produce offshore wind power on Chuja Islands

South Korea’s Hyundai Engineering on Thursday said it signed the day before a memorandum of understanding with Equinor Korea, LG Chem Ltd., PO...

NewJeans selected as global ambassador for Pepero

NewJeans selected as global ambassador for Pepero

Lotte Wellfood announced on Friday that it has appointed K-pop girl group NewJeans as the global ambassador for its iconic snack brand, Pepero. Know...

Discovery in S.Korea promises dieting without limits on eating

Discovery in S.Korea promises dieting without limits on eating

A drug candidate in South Korea could allow people seeking to lose weight to eat to their heart's content.The Center for Cognition and Sociality of ...

Corning produces ultra-thin bendable glass in Korea

Corning produces ultra-thin bendable glass in Korea

Corning Inc. has built its first integrated supply chain to produce next-generation, ultra-thin bendable glass in South Korea, where it plans to inv...

Mirae Asset seeks to buy India’s 9th-largest brokerage Sharekhan

Mirae Asset seeks to buy India’s 9th-largest brokerage Sharekhan

South Korea’s leading asset manager Mirae Asset Financial Group aims to enhance its presence in India by acquiring Sharekhan, the Southeast As...

Korea’s July factory output slows at fastest pace since February

Korea’s July factory output slows at fastest pace since February

South Korea’s factory output contracted at the fastest rate in six months last month on subdued global demand especially from China, while its...

SK Group commemorates chairman's 25th year since inauguration

SK Group commemorates chairman's 25th year since inauguration

SK Group, South Korea’s No. 2 conglomerate, will commemorate the 25th anniversary of Chey Tae-won’s inauguration as chairman on Sept. 1....

KAI inks deal with Airbus for production of 300 helicopters

KAI inks deal with Airbus for production of 300 helicopters

Korea Aerospace Industries Ltd. (KAI), South Korea's sole military aircraft manufacturer, and Airbus Helicopters SAS (AH) announced on Thursday that...

Samsung’s connectivity vs. LG’s sustainability at IFA 2023

Samsung’s connectivity vs. LG’s sustainability at IFA 2023

BERLIN – South Korea’s household names in home electronics are set to show off their high-tech home electronics boasting upgraded connec...

LG H&H's The Whoo unveils Cheongidan renewal line in Shanghai

LG H&H's The Whoo unveils Cheongidan renewal line in Shanghai

LG H&H Co. announced on Thursday its strategy to focus on the Chinese market by unveiling a renewal version of "Cheongidan," the flagship produc...

S.Korea’s Coreline Soft teams up with HCK of Switzerland

S.Korea’s Coreline Soft teams up with HCK of Switzerland

South Korea's Coreline Soft, a maker of artificial intelligence (AI)-based imaging diagnostic materials, on Wednesday said it will sell its chest di...

Hyundai Steel's offshore wind power plant gets int’l certification

Hyundai Steel's offshore wind power plant gets int’l certification

South Korea’s Hyundai Steel on Wednesday said its Ulsan Factory 2 in the southern coastal city of Ulsan received certification as an offshore ...

Kim Young-shub, ex-LG CNS chief, to lead Korea’s telecom giant KT

Kim Young-shub, ex-LG CNS chief, to lead Korea’s telecom giant KT

Kim Young-shub, former chief executive of information technology service provider LG CNS Co., has been named to head South Korea’s leading tel...

S.Korea’s birth rate at record low despite rebound in marriages

S.Korea’s birth rate at record low despite rebound in marriages

South Korea’s total fertility rate hit its trough of 0.7 again in the second quarter, according to Statistics Korea on Wednesday, deepening th...

Hyundai to invest $398 mn in Korea Zinc for battery materials

Hyundai to invest $398 mn in Korea Zinc for battery materials

Hyundai Motor Group, the global No. 3 automaker, is set to invest $398 million in Korea Zinc Inc., the world’s top lead and zinc smelter, for ...

Foreign visitors to S.Korea in July surpass 1 mn post-COVID-19

Foreign visitors to S.Korea in July surpass 1 mn post-COVID-19

The number of foreign tourists visiting South Korea has exceeded 1 million in a month for the first time since the outbreak of COVID-19. According t...

HYBE Chair Bang referred to prosecutors over alleged unfair trading Vietnam’s top leader to make first South Korea visit in 11 years Test case looms for Korea’s revised Commercial Act as VIP Asset challenges Lotte Rental’s rights issue to Affinity HYBE sparks summer vibes with BTS live album, TXT comeback, new boy band launch K-beauty contract manufacturers see record Q2 profits; rally likely to continue