LG Chem, GS Caltex form eco-friendly materials alliance

LG Chem Ltd. and GS Caltex Corp. are accelerating their efforts in the eco-friendly bio-material business involving 3-hydroxypropionic acid (3HP). 3...

Fake Rolexes most common counterfeit watches smuggled into S.Korea

After the COVID-19 crisis, it has been revealed that counterfeit goods smuggling is on the rise once again. According to data submitted by the Korea...

LG Uplus set to catch up to KT as Korea’s No. 2 mobile carrier

  LG Uplus Corp., the perennial No. 3 mobile carrier in South Korea, is fast catching up to its closest rival KT Corp. to rank second just beh...

LG CNS unveils generative AI platform for biz use

LG CNS, a South Korean information and communications technology service provider specializing in digital transformation (DX), on Thursday launched ...

S.Korea's SKC to sell polyurethane raw material unit for $304 mn

South Korean chemical material company SKC Ltd. is selling its unit for raw materials of polyurethane (PU), a chemical substance.The company’s...

S.Korea's DuChemBio localizes core materials of radiopharmaceuticals

South Korea's DuChemBio Co. announced on Thursday that it has obtained final approval for a recovery and purification facility for oxygen-18 concent...

Korea’s household, business loans on upswing in September

South Korea’s household debt continued to rise for the sixth consecutive month in September despite stricter regulations on mortgages, while b...

Amazon bets big on Korea digital transition with new spending

Amazon Web Services Inc. (AWS), the world's largest cloud platform provider, said on Wednesday it will nearly triple its investment in South Korea t...

HD KSOE to invest $48 mn in European fuel cell company

HD Korea Shipbuilding & Offshore Engineering (KSOE) announced on Wednesday that it plans to invest 45 million euros ($47.7 million) in the Europ...

LG Energy Q3 profit at record high on gains from US battery tax credit

LG Energy Solution Ltd., one of the world’s leading battery makers, said on Wednesday its operating profit soared to a record high in the th...

Hyundai Wia showcases autonomous parking robot

South Korea’s No. 2 automotive parts supplier Hyundai Wia Corp. announced its participation in the country's largest robotics industry exhibit...

LG Electronics unveils new gaming monitor tailored for LoL

LG Electronics Inc. 's new LG UltraGear gaming monitor is optimized for both performance and design and customized for the world-famous multiplayer ...

LG Chem to supply cathode materials to Toyota's N.American plant

LG Chem Ltd. will supply cathode materials to Toyota Motor's North American battery plant, with the South Korean company concluding its second long-...

LG Elec beats earnings estimates on healthy automotive biz

LG Electronics Inc., the leading global home appliance maker, reported better-than-expected quarterly earnings thanks to the strong automotive busin...

S.Korea’s Gopizza to open branch at Singapore Changi airport

South Korean food tech startup Gopizza, known for its single-serving pizza prepared by robots, on Tuesday said it will open a branch on Nov. 1 at Si...

S.Korea’s petrochemical, steel firms open online shopping malls

South Korea’s petrochemical and steel companies, which mainly engage in business-to-business transactions, are opening or running a string o...

LG Display, LG Chem develop homegrown OLED material

South Korea’s LG Display Co. and LG Chem Ltd. have domestically produced a core material for organic light-emitting diode (OLED) that they pre...

Dollar/won in wildest swing in 13 yrs despite intervention

The South Korean won suffered its wildest fluctuation against the dollar this year since 2010, shrugging off heavy dollar-selling intervention by lo...

Apple, Google may face $50.4 mn fine over in-app billing in Korea

Apple Inc. and Alphabet Inc.’s Google may be fined up to 68 billion won ($50.4 million) in South Korea for breaking the country’s in-app...

Microsoft ties up with Korean startup Wrtn on AI solutions

Microsoft Corp. and a South Korean artificial intelligence portal startup Wrtn Technologies Inc. joined hands for the generative AI service based on...

BMW premieres new 5 Series in Korea, the model’s top market

German carmaker BMW Group on Thursday premiered its latest 5 Series premium sedan in South Korea, an indication of the growing importance of the Asi...

S.Korea’s corporate R&D spending lags global rivals

Major South Korean companies’ spending on research and development lags investments made by their global competitors due to lower government t...

S.Korea to spur startup investments with eased rules

South Korea will deploy at least 10% of a state-backed fund of funds (FoF) to venture capital investment dedicated to small startups every year, the...

Foreign tourists can use Kakao Taxi in S.Korea

South Korea’s Kakao Mobility announced on Thursday that it has started integrating its taxi service app Kakao T with overseas apps. Foreign to...

Canada's Tim Hortons to open 2nd store in Gangnam

Canada's No. 1 coffee chain Tim Hortons announced on Thursday that it plans to establish its second South Korean flagship store at the bustling Te...

Korea expects inflation to ease from Oct after 5-month high

South Korea predicted headline inflation to ease from October after hitting a five-month high last month, adding to expectations that the central ba...

LG Energy Solution to supply EV batteries to Toyota for 10 years

LG Energy Solution Ltd. will supply 20 gigawatt hours (GWh) worth of batteries for electric vehicles of the world’s No. 1 car seller Toyota Mo...

Korea markets melt as Fed officials foresee longer-than-expected high rates

South Korean financial markets lost ground on Wednesday with the 10-year government bond yield at a one-year high as US Federal Reserve policymakers...

Naver's Kream integrates with Japan's Soda

Naver Corp.'s subsidiary Kream, the South Korean limited-edition goods trading platform has decided to merge its operations with Japan's Soda Inc., ...

SUVs, small pickups grab largest share of S.Korea's car market

Sport utility vehicles (SUV) and small pickup trucks in South Korea are occupying a larger share of the domestic automotive market.Industry sources ...