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Hyundai, Kia, Toyota unveil new SUVs in head-to-head showdown

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

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...

S.Korea’s fashion brand Handsome expands overseas portfolio

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

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 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

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

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

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

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...

MyRealTrip launches restaurant reservation service in Japan

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

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

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 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 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

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...

EcoPro to log record-high foreign net purchases in July

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...

Korea's IMM to invest $23 mn in battery parts supplier Choil Aluminum

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

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

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...

Nanotech startup Deepsmartech crowned at D.Day’s July demo day

Nanotech startup Deepsmartech crowned at D.Day’s July demo day

Nanotech startup Deepsmartech celebrated its victory Thursday at July D.Day, held on Jeju Island, a South Korean resort isle poised to become the co...

SK Chemicals to supply diabetes drugs to AstraZeneca Korea

SK Chemicals to supply diabetes drugs to AstraZeneca Korea

SK Chemicals Co., a South Korean chemicals maker and drug developer, said on Thursday it has signed a contract to supply diabetes medications to glo...

Foreign carmakers hit by EV sales drop in S.Korea

Foreign carmakers hit by EV sales drop in S.Korea

Foreign carmakers such as Mercedes-Benz and Tesla Inc. suffered a sales drop in South Korea in the first half of the year, as overall car sales jump...

Hyundai Motor to advance future mobility with nanotechnology

Hyundai Motor to advance future mobility with nanotechnology

Hyundai Motor Group, which seeks to pivot from a fast follower to a game changer in the global auto sector, has unveiled advanced materials technolo...

Alibaba launches express ships to S.Korea as orders surge

Alibaba launches express ships to S.Korea as orders surge

Alibaba.com, China’s largest online marketplace, launched an express cargo ship service between South Korea and China this week to meet a surg...

Wine bubble bursts in S.Korea as whisky frenzy grows

Wine bubble bursts in S.Korea as whisky frenzy grows

The South Korean fever for wine has cooled, with its imports down in the first half for a second straight year as the popularity of whisky among you...

SM Group to buy HMM but not for over $3.5 bn: SM Chair Woo

SM Group to buy HMM but not for over $3.5 bn: SM Chair Woo

SM Group has enough financial ammunition to buy the country’s No. 1 container shipping line HMM Co. but would not join the bid for the latter&...

KKR leads $190 mn Series C funding of fashion platform Musinsa

KKR leads $190 mn Series C funding of fashion platform Musinsa

South Korea’s leading fashion platform Musinsa said on Wednesday it has attracted 240 billion won ($189.7 million) in its Series C funding rou...

KHNP develops world's first accident monitoring system for nuclear reactors

KHNP develops world's first accident monitoring system for nuclear reactors

Korea Hydro & Nuclear Power (KHNP) announced on Wednesday that it has successfully developed the Technical Specification Operator Support System...

GM Korea releases new Trailblazer geared for S.Korean market

GM Korea releases new Trailblazer geared for S.Korean market

General Motors (GM) Korea on Wednesday launched the domestic sale of its new model of the small SUV Trailblazer customized for the South Korean mark...

South Korea's whisky imports surge 50% to record high

South Korea's whisky imports surge 50% to record high

South Korea's whisky imports surged by 50% in the first half of 2023, reaching an unprecedented peak, according to trade data the Korea Customs Serv...

Is chip winter over? Doomsayers gone as Korea’s DRAM exports surge S.Korea to have 1st civilian defense minister in decades, tap career technocrats Fubon Bank expands Korea presence into banking Hana Asset launches ultra-low-fee Nasdaq 100 ETF Even barcodes copied: Counterfeits invasion threatens K-brands

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