Naver poised for battle over sneaker resale market

Naver poised for battle over sneaker resale market

South Korea’s platform giant Naver Corp. is on the move to claim the throne in the sneaker resale market, up against other fashion platforms s...

Hyundai Motor, Motional unveil IONIQ 5 self-driving robotaxi

Hyundai Motor, Motional unveil IONIQ 5 self-driving robotaxi

South Korea’s top automaker Hyundai Motor Co. and its US mobility joint venture Motional Inc. on Tuesday unveiled their first autonomous robot...

Philippines LCS Group to join $1.7 bn Korean resort project

Philippines LCS Group to join $1.7 bn Korean resort project

The Philippines LCS Group of Companies agreed to join a $1.7 billion resort development in South Korea, marking the first firm from the Southeast As...

Chinese, Korean carmakers penetrate Japanese-dominated Indonesia

Chinese, Korean carmakers penetrate Japanese-dominated Indonesia

Hyundai Motor Co. is set to start producing automobiles in Indonesia around the end of this year to attract drivers in the Southeast Asia’s ...

BofA emerges as top dealmaker of S.Korea's mega M&As

BofA emerges as top dealmaker of S.Korea's mega M&As

Bank of America Merrill Lynch (BofA) has emerged as the top M&A dealmaker in South Korea this year, working on a combined 8 trillion won ($7 bil...

S.Korean govt to spend $5.4 bn to develop sensors, improve EV repair

S.Korean govt to spend $5.4 bn to develop sensors, improve EV repair

South Korean government will spend 6.3 trillion won ($5.4 billion) next year in supporting the state-designated Big 3 industries: future vehicles, n...

Warehouse investments in Korea on hold after Coupang fire

Warehouse investments in Korea on hold after Coupang fire

South Korean landowners, in particular in the Seoul Metropolitan Area, were recently forced to stop negotiations with the would-be buyers of their l...

Upbit dominates S.Korea’s crypto exchange with 80% market share

Upbit dominates S.Korea’s crypto exchange with 80% market share

South Korea’s cryptocurrency exchange market is being dominated by the biggest platform Upbit that holds about 80% of all transactions made in...

Kolon enters private space business with composite materials

Kolon enters private space business with composite materials

Kolon will be the next major South Korean business group to join the race in the fast-growing space sector by developing and making light composite ...

Samsung launches new 5G foldable phones in 40 countries

Samsung launches new 5G foldable phones in 40 countries

Samsung Electronics Co. on Friday officially launched the new models of its high-end smartphones Galaxy Z Fold3 and Galaxy Z Flip3 in 40 countries, ...

POSCO Chem, OCI to produce previously imported battery material in Korea

POSCO Chem, OCI to produce previously imported battery material in Korea

POSCO Chemical and OCI plan to produce in South Korea a key material for electric vehicle batteries, which has so far been imported.POSCO Chemical s...

Korea’s hydrogen council to launch Sept. 8; Hyundai to unveil new tech

Korea’s hydrogen council to launch Sept. 8; Hyundai to unveil new tech

The South Korean version of the Hydrogen Council, a global CEO-led initiative to harness the clean energy source, will officially launch on Sept. 8 ...

S.Korea fines Facebook, Netflix over privacy infringement

S.Korea fines Facebook, Netflix over privacy infringement

South Korea’s privacy regulator Personal Information Protection Commission (PIPC) has fined major global platform companies for their infringe...

Bank of Korea ends 15-mth ultra-easy monetary stance

Bank of Korea ends 15-mth ultra-easy monetary stance

The Bank of Korea has ended its ultra-easy monetary stance by bumping up the base interest rate by 25 basis points from a record-low 0.5% on Thursda...

Volatile raw material prices put Korea on alert for procurement

Volatile raw material prices put Korea on alert for procurement

Volatile price changes in iron ore and non-ferrous metals such as lithium and nickel are keeping South Korean companies on their toes for procuremen...

S.Korea's bio-health industry exports log best-ever first half in 2021

S.Korea's bio-health industry exports log best-ever first half in 2021

South Korea's bio-health industry exports log best-ever first half in 2021 South Korea’s diagnostic kits, biosimilars and health-related bio-...

Naver to enter healthcare business in Korea with investment in ezCaretech

Naver to enter healthcare business in Korea with investment in ezCaretech

South Korea’s online platform giant Naver Corp. is set to enter the big data-based healthcare industry by investing in ezCaretech Co., a domes...

Summary of Samsung's $200 billion investment plans

Summary of Samsung's $200 billion investment plans

Samsung Group said on Tuesday it will invest a combined 240 trillion won ($206 billion) investment over the next three years in its core businesses in...

Rolex emerges as latest target of S.Korea’s luxury brand fever

Rolex emerges as latest target of S.Korea’s luxury brand fever

Rolex watches are now the latest object of South Korea’s unwavering love for luxury goods. The high demand and limited supply of Rolex watches...

Citibank Korea’s retail banking exit faces stumbling block

Citibank Korea’s retail banking exit faces stumbling block

The sale of Citibank Korea’s consumer banking business has hit a stumbling block as the South Korean unit of Citigroup Inc. postponed its boar...

AI edtech startup KidsLoop joins unicorn club

AI edtech startup KidsLoop joins unicorn club

Artificial intelligence-based education is similar to self-driving cars, which select the optimal transportation routes for their drivers, according...

Japan’s Aeon plans to sell off struggling Ministop Korea

Japan’s Aeon plans to sell off struggling Ministop Korea

South Korea’s fifth-largest convenience store chain Ministop Korea Co. is up for sale by its owner, the Aeon Group of Japan. Ministop Korea is...

Korea electronics, auto sectors hit by triple whammy

Korea electronics, auto sectors hit by triple whammy

South Korea's electronics and auto industries, the two main pillars of Asia’s fourth-largest economy, are losing growth momentum. Demand is sl...

LG Electronics postpones 42-inch OLED Gaming TV launch to early 2022

LG Electronics postpones 42-inch OLED Gaming TV launch to early 2022

LG Electronics Inc., one of the world’s largest TV makers, plans to launch the much-anticipated 42-inch organic light-emitting diode (OLED) TV...

Hydrogen tank maker Iljin Hysolus to make Kospi debut Sept. 3

Hydrogen tank maker Iljin Hysolus to make Kospi debut Sept. 3

South Korea’s leading hydrogen tank maker Iljin Hysolus Co. will be listed on Kospi on Sept. 3, according to the company’s IPO briefing ...

S.Korean firms start training AI professionals to address talent shortage

S.Korean firms start training AI professionals to address talent shortage

South Korea’s major business groups have started to foster their own talents in the field of artificial intelligence (AI) to address the widen...

Record ‘Sell Korea’ knocks down stocks, won

Record ‘Sell Korea’ knocks down stocks, won

Fears are growing over ‘Sell Korea’ as foreign investors dumped the country’s stocks at a record high, pushing down the won curren...

Korea's top online flea market startup value up to $2.6 bn

Korea's top online flea market startup value up to $2.6 bn

South Korea’s No. 1 online flea market operator Danggeun Market Inc. has increased its valuation to $2.6 billion as it raised $153 million fro...

Tumbling won adds to Bank of Korea rate hike views

Tumbling won adds to Bank of Korea rate hike views

The South Korean won skidded to an eleven month-low as foreign investors extended a selling spree in the local stock markets, adding to expectations...

Luxury imported car sales growth at 5-yr high in S.Korea

Luxury imported car sales growth at 5-yr high in S.Korea

Mercedes-Benz, BMW and Porsche have driven the double-digit growth of imported car sales in South Korea in the first seven months of this year, with...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race