Saudi Arabia partners with Korea's LS to spur non-petrochem sectors

South Korean conglomerate LS Group and the government of Saudi Arabia will jointly seek business opportunities in a number of non-petrochemical sect...

HK inno.N reveals differentiated clinical results for K-CAB

South Korean bio-health company HK inno.N has been expanding its market by steadily announcing differentiated clinical results for its gastroesophag...

HYBE ranks fifth in global tour revenue in 2023

The global tour revenue of HYBE Co., home to BTS and Seventeen, reached 250 billion won ($190 million) over the year.According to Hybe on Tuesday, t...

Mirae Asset acquires Indian brokerage firm Sharekhan for $360 million

South Korea’s leading asset manager Mirae Asset Financial Group has acquired Sharekhan Ltd., India’s 10th-largest brokerage firm, to enh...

S.Korea’s GC Cell targets global cell therapy CDMO business

GC Cell Corp., an affiliate of South Korea’s major pharmaceutical company GC Biopharma Corp., is targeting the cell therapy contract developme...

Celltrion’s Vegzelma listed on US PBM preferred drug list

South Korea's Celltrion Healthcare Co. announced on Tuesday that its anti-cancer biosimilar Vegzelma (active ingredient: bevacizumab) was listed as ...

Toho buys 25% stake in CJ ENM’s Fifth Season for $225 mn

Toho Co. has acquired a 25% stake in Fifth Season for $225 million, a move expected to be a win for not only the money-losing US-based producer-dist...

South Korea to launch $7.6 bn supply chain fund, make urea locally

South Korea plans to set up a supply chain stabilization fund of up to 10 trillion won ($7.6 billion) to effectively cope with sudden supply disrupt...

S.Korean newly married couples’ birth rate at record low

South Korea’s fertility rate among newly married couples, who account for most of the country’s newborns, hit a trough last year, adding...

Krafton to introduce AI characters in PUBG

South Korea's game developing and publishing giant Krafton Inc. plans to introduce virtual characters using generative AI in the first-person shoote...

UAE, Korea’s Naver Z join hands for virtual reality tech

South Korea’s Naver Z Corp., the operator of virtual world platform Zepeto, said Monday it will join forces with the United Arab Emirates&rsqu...

Korea’s Growth Champions 2024 by Statista, Korea Economic Daily

Statista, the world’s leading data and intelligence company, has teamed up with The Korea Economic Daily to identify South Korea’s faste...

Korea’s Growth Champions 2024 list by Statista, Korea Economic Daily

List of Korea’s Growth Champions 2024 Rank Company Absolute Growth Rate Compound Annual Growth Rate (CAGR) Revenue 2019 Revenu...

Carmakers to expand affordable EV, hybrid lineups in Korea

Carmakers in South Korea are slated to unveil new electric vehicle models at cheaper prices next year to revive the sputtering EV market and also ro...

Korea, Indonesia to facilitate bilateral trade in won, rupiah

The central banks of South Korea and Indonesia agreed to facilitate the settlement of bilateral trade in their currencies from next year as the elec...

Daewoong exports $92.4 mn Depot injection tech to UAE

South Korea's Daewoong Pharmaceutical announced on Monday that it exported its technology for clinical development and commercialization rights of i...

LG Uplus, Toyota Motor Korea team up for EV chargning

South Korea's LG Uplus Corp. announced on Monday that it formed a partnership with Toyota Motor Korea to expand electric vehicle (EV) charger infr...

Hyundai, Kia’s car exports to top 2 mn units for 1st time in 7 years

Hyundai Motor Co. and Kia Corp., South Korea’s two largest automakers, are set to export more than 2 million cars in 2023 for the first time i...

LegoChem Bio mulls name change after defeat to Lego

South Korean biopharmaceutical company LegoChem Biosciences Inc. is seeking to change its name after it lost in a trademark infringement lawsuit fil...

New 2024 E-Class soon to arrive in Korea, land of Mercedes-Benz

As with the launch of every new E-Class, the flagship model of luxury German car brand Mercedes-Benz, the phrase “evolution, not revolution&rd...

Korean current account surplus at 19-month high on exports recovery

South Korea’s current account surplus hit a 19-month high in October as goods exports reported their first on-year growth in 14 months amid si...

Hyundai Movex to supply smart logistics for Hankook Tire US plant

South Korea’s Hyundai Movex Co., the logistics automation solutions affiliate of Hyundai Group, secured a $82 million contract to equip Hank...

Home&Shopping opens exclusive section in Vietnam K-Market

South Korea's Home&Shopping announced on Friday that it opened its exclusive section in the K-Market in Vietnam. The company aims to support the...

Unwavering whiskey fad in Korea, held up by mass-market spirits

The whiskey hype, which started during the COVID-19 pandemic, shows no sign of receding in South Korea, and the latest craze, mainly driven by affor...

Cookie Run: Kingdom to launch in China on Dec 28

South Korean game developer DevSisters Corp. announced on Friday that its globally popular mobile game “Cookie Run: Kingdom” will offici...

LG, Poland’s ICPT in mega-million-dollar battery module supply deal

South Korea’s LG Energy Solution Ltd. said on Friday it has signed a multiyear deal to supply battery modules to Poland’s Impact Clean P...

Korea Zinc to up sales to $19 billion by 2033 with green energy

Korea Zinc Inc., South Korea’s and the world’s largest lead and zinc smelter, will accelerate its drive to foster its new growth engines...

KOWEPO inks $302 mn financing deal for Oman solar project

Korea Western Power Co. (KOWEPO) said on Thursday it signed a 400 billion won ($301.8 million) financing deal for a solar power generation project i...

Generational shift in SK leadership with chairman’s cousin on front line

SK Group is setting out for a new era, tapping younger leaders in their 40s and 50s to lead South Korea’s second-largest group in its mission ...

Kia EV9 selected safest car in Europe

Kia EV9, the flagship large all-electric sport utility vehicle (SUV) of South Korea’s No. 2 automaker Kia Corp., received five stars in the Eu...