Hyundai Card to provide Apple Pay in South Korea

Apple and Hyundai Card on Wednesday officially announced the launch of the simple payment service Apple Pay in South Korea.The American tech giant s...

Lotte Chemical, RWE, Mitsubishi form alliance for clean ammonia

South Korea's Lotte Chemical Corp. has joined forces with German energy company RWE and Japan's Mitsubishi Corporation to create a global consortium...

Lotte Group to directly control global real estate unit

Lotte Corp., the fifth-largest conglomerate in South Korea, is poised to strengthen its real estate development unit under the direct control of the...

SK Innovation steps up carbon offset, green investments

SK Innovation Co., the refinery and chemicals unit of South Korea’s second-largest conglomerate SK, is poised to strengthen its eco-friendly b...

Lotte Ineos Chemical to expand vinyl acetate monomer plant

Lotte Ineos Chemical, South Korea's lone maker of acetic acid and vinyl acetate monomer (VAM), on Monday said it will expand its VAM output capacity...

Lotte Construction develops eco-friendly concrete

Lotte Engineering & Construction has developed eco-friendly concrete that can reduce carbon dioxide emissions by up to 90%. In collaboration wit...

Korea’s new EV subsidy plan favors Hyundai over Tesla, other imports

South Korea is revising its electric vehicle subsidy plan in a way that favors local cars such as the Hyundai IONIQ 6 over imported vehicles, includ...

Korea's credit card approval volume hit all-time high last year

The annual card approval amount in South Korea exceeded 1,000 trillion won ($811.4 billion) for the first time ever. This is largely because of "ret...

Hanwha Solutions, SKS Credit propel to build eco-friendly data center

Hanwha Solutions Corp. said on Monday that its business unit Hanwha Solutions Insight Division has signed a memorandum of understanding (MOU) with S...

Lotte's virtual human Lucy makes successful debut on live commerce

Lotte Home Shopping said on Thursday that its virtual model Lucy will appear in monthly live commerce broadcasts on its official YouTube channel.Luc...

Lotte Duty Free wins bid to operate Melborune Airport duty-free shop

Lotte Duty Free, an affiliate of the Lotte Group, won a bid for an Australian airport duty-free shop business, accelerating its move to bolster over...

Lotte Tour signs with Costa Cruise to resume Korea-Japan routes

Lotte Tour Development Co. signed on Monday an agreement with Costa Cruise, an Italian cruise line, to charter cruise ships in Dubai, the United Ara...

Lotte to invest $55 mn in Indian ice cream subsidiary for 5 years

South Korea-based Lotte Confectionery Co. will invest  4.5 billion rupees ($55.1 million) in its Indian unit Havmor Ice Cream in the next five ...

Hyosung Chemical fails to sell any bonds in demand forecast

South Korea's Hyosung Chemical has failed to receive a single purchase order in its demand forecast for corporate bond issuance.Investment banking s...

Woori Financial to acquire VC firm Daol Investment

South Korea’s Woori Financial Group is set to acquire Daol Investment Co., a venture capital arm of the liquidity-strapped Daol Financial Grou...

Lotte Chem to sell Pakistan unit for $156 mn to finance other projects

Lotte Chemical Corp. is set to sell its Pakistan unit for 192.4 billion won ($155.8 million won) to a chemical company in the country as the South K...

Kookmin Card acquires Cambodian leasing firm at $5.2 mn

KB Kookmin Card, a credit card unit of KB Financial Group, and its Cambodian local subsidiary KB Daehan Specialized Bank, acquired the Southeast Asi...

Lotte to invest more in US bio biz, spend $3 bn in Korea

SAN FRANCISCO -- South Korea’s Lotte Biologics Co. is considering investing more in the US bio industry and spending $3 billion in new factori...

Lotte Chemical conducts product risk assessment first time in Korea

Lotte Chemical Corp. said on Tuesday that it is conducting a risk assessment for its products for the first time in the domestic chemical industry...

Lotte E&C, Meritz Securities conclude $1.2 billion investment deal

Lotte Engineering & Construction (E&C) has secured financing of 1.5 trillion won ($1.2 billion).The company on Monday announced its conclusi...

Lotte Chem to raise sales 65% with more advanced materials

LAS VEGAS -- South Korea’s Lotte Chemical Corp. seeks to ramp up sales 65% in nearly 30 years by increasing production of advanced materials, ...

Lotte showcases metaverse shopping pavilion at CES 2023

Sitting on a chair, people with head-mounted displays enter a virtual world where they can choose their preferred avatars.Through these avatars, the...

Lotteria launches renewed soybean-based meat burger

Lotteria, South Korea's fast food franchise run by Lotte GRS, launched "Ria Miracle Burger II" with 100% plant-based patties using soy protein.It is...

Korea’s Daol to sell another unit to secure liquidity

South Korea’s Daol Financial Group agreed to sell another unit as part of its efforts to raise money in preparations for a possible liquidity ...

Lotte Chemical to take part in CES for first time

South Korea's Lotte Chemical Corp. for the first time will take part this month in CES, the world's largest information technology and home applianc...

Hyundai Motor to boost EV leasing in US for tax credits from 2023

South Korean electric vehicles for lease are forecast to receive US tax credits under the Inflation Reduction Act (IRA) as new guidelines of the law...

Lotte mulls building transit hubs in retail stores for air taxis, drones

South Korea’s Lotte Engineering & Construction Co. said on Dec. 22 it is considering building vertiports on the rooftops of its retail aff...

Lotte Mart opens 50th Indonesian store in Serpong

Lotte Mart said on Thursday that it would open its 50th store in Serpong, Indonesia. The store is 4,628 square meters, with more than 80% of the tot...

Bigsome Bio signs tech transfer agreement with university

Bigsome Bio, a subsidiary of Lotte Chilsung Beverage, has begun research on functional materials for respiratory health.The company said on Friday t...

Lotte Aluminum signs $795 mn contract for cathode foil raw materials

Lotte Aluminum, a manufacturer of cathode foils for secondary batteries in South Korea, announced on Monday that it has signed a long-term purchase ...