S.Korea, Thailand launch negotiations for EPA
South Korean and Thai governments declared the launch of negotiations for the Economic Partnership Agreement (EPA) on Thursday. South Korea’s ...
LG CNS, Sinar Mas to form JV in Indonesia
LG CNS Co., an information technology service company under South Korean conglomerate LG Group, announced on Thursday that it signed an investment...
LG Group earmarks $74 bn for 5-year investment in Korea
LG Group, South Korea’s No. 4 conglomerate, on Wednesday announced a plan to invest 100 trillion won ($74 billion) through 2028 in its future ...
S.Korea’s Doosan Enerbility to develop aircraft engines
South Korea’s major power plant builder Doosan Enerbility Co. plans to develop aircraft engines based on its turbine technology as its new gro...
IMM PE puts South Korea’s top travel agency Hanatour up for sale
IMM Private Equity Inc., a Seoul-based private equity firm, is selling its controlling stake in Hanatour Service Inc., South Korea’s top trave...
Licensed casual apparel brands' luster fades in Korea
The fad for licensed casual fashion brands appears to be cooling in South Korea, where American sports clubs, broadcasting networks and documentary ...
Kia taps ex-BMW, Mercedes-Benz designers for China, Europe
Kia Corp., South Korea’s No. 2 automaker, has appointed former designers of German luxury carmakers BMW AG and Mercedes-Benz AG as chiefs of i...
CJ Logistics introduces LoIS Parcel system
South Korea's CJ Logistics announced on Tuesday that it completed the nationwide implementation of its next-generation parcel system LoIS Parcel.T...
Shareholder activism in Korea swells 9 times since 2019
The number of South Korean firms targeted by activist funds has risen by nearly nine times over the past five years, the largest increase among majo...
Netmarble Arthdal Chronicles pre-registration surpasses 1 mn
South Korean game developer Netmarble Corp. said on Tuesday that the pre-registration of its upcoming massively multiplayer online role-playing ga...
Korea’s IPO market heats up with HD Hyundai Marine, K Bank
South Korea’s initial public offering market is heating up as HD Hyundai Marine Solution Co., which aims to raise 742.6 billion won ($553.4 mi...
Korea’s POSCO Int’l to work on CCUS, hydrogen businesses
POSCO International Corp., the general trading and resources exploration subsidiary of South Korea’s steel giant POSCO Holdings Inc., aims to ...
Weak property market cuts into Korean securities firms’ profits
dd South Korea’s securities firms suffered a 20% fall in overall net profit last year hurt by the weak property market, adding to bearish vie...
Korea’s EcoPro invests $11 mn in Indonesian nickel smelter
South Korea’s leading electric vehicle battery materials producer EcoPro Group is expanding its investment in Indonesia for stable procurement...
Nongshim to build instant noodle plant in Korea for exports
Nongshim Co., South Korea’s top instant noodle maker, is set to build a new factory in the country for exports of ramen, or ramyun, for the fi...
CJ Olive Young beats Amorepacific to become K-beauty king
CJ Olive Young Corp., South Korea’s top beauty store chain, took the throne in the domestic cosmetics market last year, beating industry giant...
S.Korea, Kazakhstan agree to expand air transport rights
South Korea and Kazakhstan have agreed to expand air transport rights during the South Korea and Kazakhstan aviation talks held in Almaty, Kazakhsta...
S.Korea's drone market set for takeoff, led by startups
Starting in May, drones, not boats, will deliver parcels and even fried chicken to residents living on some of South Korea's remote islands unreacha...
POSCO new chief vows to keep fostering battery materials business
POSCO Holdings Inc.'s new Chairman Chang In-hwa on Thursday pledged to keep fostering its electric vehicle battery materials business, the group&rsq...
SK Hynix earmarks $91 bn to construct world's largest chip fab
SK Hynix Inc., the global No. 2 memory chipmaker, is slated to invest more than 120 trillion won ($90.7 billion) by 2046 to build the world’s ...
SK Enmove in talks to deliver liquid cooling system to US tech firm
South Korea’s lube oil maker SK Enmove Co. is seeking to supply liquid immersion cooling systems for data centers of a US technology company, ...
Korea’s ramen exports on course to reach $1 bn in 2024
South Korea’s instant ramen noodle exports soared to a record monthly high in February, data showed, on course to hit the $1 billion mark in 2...
BTS, Blackpink economy: Korea’s IP rights trade surplus hits record high
While the economic impact of US singer Taylor Swift is so powerful that pundits coined words like “the Taylor Swift economy,” no less st...
Korea fines Doosan Enerbility $12 mn for improper bookkeeping
South Korea’s top financial regulator said on Wednesday it will fine local major power plant builder Doosan Enerbility Co. 16.1 billion won ($...
Hanjin, Tuushin Group to co-work for logistics in Mongolia
South Korea's Hanjin Transportation, a logistics unit of Hanjin Group, announced on Wednesday that it signed a memorandum of understanding (MOU) wit...
Top US general sees changing nuclear threat from North Korea
COMMAND POST TANGO, South Korea—The top U.S. military official in South Korea said his thinking has changed on deterring North Korea’s n...
Big Tech engineers rush to Korea’s AI chip startups as potential looms
Big Tech engineers are flocking to South Korea’s promising startups specializing in artificial intelligence chips, a fast-growing sector in th...
S.Korea’s Liner, the world’s No. 4 generative AI web product
South Korea’s home-grown artificial intelligence service Liner was ranked the world’s fourth-most popular generative AI web product as t...
Sephora to exit S.Korean market in May
Sephora, the world's leading multi-brand beauty retailer and an affiliate of French luxury conglomerate LVMH, announced on Tuesday that it will exit...
Korea's SPC to collaborate with Pascucci to enter Italian market
South Korea's SPC Group announced on Tuesday that it plans to collaborate with Italian coffee chain brand Pascucci to enter the Italian market. Hu...
