LS e-Mobility to supply $187 million in EV parts to Hyundai Motor, Kia

LS e-Mobility to supply $187 million in EV parts to Hyundai Motor, Kia

LS e-Mobility Solutions Co., a power transmission parts maker, has won a 250 billion won ($187 million) deal to supply electric vehicle (EV) parts...

Young Poong, Lotte Global Logistics to form battery recycling supply chain

Young Poong, Lotte Global Logistics to form battery recycling supply chain

South Korea’s non-ferrous metal company Young Poong Co. has teamed up with Lotte Global Logistics Co. to form a supply chain system for recycl...

BYD, KG Mobility in talks to build EV battery plant in Korea

BYD, KG Mobility in talks to build EV battery plant in Korea

BYD, the world’s No. 3 electric vehicle battery producer, and KG Mobility Corp., formerly Ssangyong Motor Co., are in talks to build a joint c...

Lotte Chemical sells off debt-ridden JV to China's Sanjiang

Lotte Chemical sells off debt-ridden JV to China's Sanjiang

South Korea’s Lotte Chemical Corp. has divested all shares it owns in Chinese joint venture Lotte Sanjiang Chemical Co., according to people f...

Hyundai Motor, Seoul Univ. to establish Future Automotive Mobility

Hyundai Motor, Seoul Univ. to establish Future Automotive Mobility

Hyundai Motor Co. and Seoul National University have joined forces to cultivate talent in electric vehicle control and vehicle software, which are e...

NewJeans selected as models for Hyundai Dept. Store Duty Free

NewJeans selected as models for Hyundai Dept. Store Duty Free

South Korea's Hyundai Department Store Duty Free announced on Monday that it has newly appointed the five-member K-pop girl group NewJeans as models...

SK Hynix’s LPDDR5T chip likely mounted on MediaTek’s Dimensity

SK Hynix’s LPDDR5T chip likely mounted on MediaTek’s Dimensity

SK Hynix Inc.'s latest mobile DRAM chip LPDDR5T is expected to be mounted on MediTek Co.’s next-generation mobile application processor (AP) c...

Lotte Hotels & Resorts to launch premium kimchi product

Lotte Hotels & Resorts to launch premium kimchi product

Lotte Hotels & Resorts, a leading South Korean hospitality company, announced on Thursday its intention to penetrate the domestic kimchi market,...

Toss’ TADA sale back to square one; its mobility push faces setback

Toss’ TADA sale back to square one; its mobility push faces setback

Viva Republica Inc., South Korea’s fintech unicorn operating mobile financial platform Toss, is at a crossroads as its second attempt to sell ...

Lotte Chemical posts fifth straight quarterly operating loss in Q2

Lotte Chemical posts fifth straight quarterly operating loss in Q2

 South Korea’s Lotte Chemical Corp. has posted an operating loss for a fifth straight quarter due to sluggish petrochemical demand.The co...

Lotte Energy ups elecfoil factory capacity in Spain to 30,000 tons  

Lotte Energy ups elecfoil factory capacity in Spain to 30,000 tons  

Lotte Energy Materials Corp., formerly Iljin Materials Co., will build a smart factory in Catalonia, Spain to produce 30,000 tons of high-end copper...

S.Korea's Lotte Department Store launches 'K-Beauty' tour service

S.Korea's Lotte Department Store launches 'K-Beauty' tour service

South Korea's Lotte Department Store on Monday announced the launch of a "K-Beauty tour" service for foreign tourists.The company will first give fr...

Virtual human Lucy to sell Galaxy Z in live commerce

Virtual human Lucy to sell Galaxy Z  in live commerce

Lotte Home Shopping's virtual human Lucy expands her activities by selling The Galaxy Z Flip 5 and "Z Fold 5" on live commerce, following her attend...

Com2uS' Minigame Party surpasses 1 mn global downloads

Com2uS' Minigame Party surpasses 1 mn global downloads

South Korean game company Com2uS Corp. announced on Friday that its mobile game "Minigame Party," which was simultaneously released worldwide on Jul...

LG Uplus to equip Toyota Highlander’s infotainment platform

LG Uplus to equip Toyota Highlander’s infotainment platform

South Korea's LG Uplus Corp. announced on Friday its strategy to outfit Toyota's Highlander, a seven-seater SUV, with Toyota Connect, powered by t...

Lotte Tour's Jeju Island casino hits record revenue in July

Lotte Tour's Jeju Island casino hits record revenue in July

South Korea’s Lotte Tour Development's Jeju-based casino saw record revenue in July thanks to an increased number of foreign tourists to the c...

S.Korea’s mobile app spending hits record high in H1 2023

S.Korea’s mobile app spending hits record high in H1 2023

South Korean consumers' spending on mobile apps recorded the highest-ever in the first half of this year.Mobile data and analytics platform data.ai ...

Korea’s duty-free sales skid despite China border reopening

Korea’s duty-free sales skid despite China border reopening

South Korea’s duty-free shops suffered a sharp decline in sales in June, when the number of Chinese visitors jumped more than three times that...

42dot launches its first B2B self-driving shuttle service

42dot launches its first B2B self-driving shuttle service

42Dot, a self-driving technology affiliate of Hyundai Motor Group, on Tuesday said it launched a self-driving shuttle at Samsung Mobility Museum in ...

IMM PE seeks to sell Korean contract drugmaker at $784 mn

IMM PE seeks to sell Korean contract drugmaker at $784 mn

IMM Private Equity has put a South Korean contract drugmaker on the market for up to 1 trillion won ($784 million) in a deal likely to attract major...

Samsung TV Plus to feature free FIFA+ channel content

Samsung TV Plus to feature free FIFA+ channel content

Samsung Electronics Co. said on Monday that it will offer the FIFA+  channel's content for free on Samsung TV Plus, expanding the sports offeri...

KG Mobility to launch electric SUV Torres EVX in September

KG Mobility to launch electric SUV Torres EVX in September

South Korea's KG Mobility Corp., formerly Ssangyong Motor, announced on Monday that it has confirmed the release of the electrified version of its s...

Samsung pins high hopes on new Galaxy Z foldables

Samsung pins high hopes on new Galaxy Z foldables

Foldable phones will likely account for one-third of Samsung Electronics Co.'s domestic sales of its flagship Galaxy smartphone series this year, le...

Lotte to open Vietnam's largest shopping mall in Hanoi

Lotte to open Vietnam's largest shopping mall in Hanoi

Lotte Shopping Co., the retail arm of South Korea's fifth-largest conglomerate Lotte Group, announced plans on Thursday to inaugurate its extensive ...

Lotte's virtual human Lucy to debut in Thailand

Lotte's virtual human Lucy to debut in Thailand

South Korea's Lotte Home Shopping unveiled a plan on Wednesday to introduce its virtual influencer, Lucy, to Southeast Asia's burgeoning live commer...

Hyundai Motor to advance future mobility with nanotechnology

Hyundai Motor to advance future mobility with nanotechnology

Hyundai Motor Group, which seeks to pivot from a fast follower to a game changer in the global auto sector, has unveiled advanced materials technolo...

Lotte Group's Shin stresses unlearning as key to innovation

Lotte Group's Shin stresses unlearning as key to innovation

Disregarding existing ways and being open to new opportunities are challenging in South Korea’s large conglomerates, where a strict corporate ...

Lotte Chemical, DL Energy team up to produce renewable energy

Lotte Chemical, DL Energy team up to produce renewable energy

South Korea’s Lotte Chemical Corp. and DL Energy have joined forces to spread carbon neutrality and environmental, social and governance (ESG)...

EcoPro, Hanwha Ocean, JYP among top MSCI inclusion candidates

EcoPro, Hanwha Ocean, JYP among top MSCI inclusion candidates

EcoPro Co., Hanwha Ocean Co., JYP Entertainment Corp. and Kumyang Co. are the top candidates for inclusion in the MSCI Korea Index when the global s...

The Swing buys van-hailing service Tada for $19 mn

The Swing buys van-hailing service Tada for $19 mn

South Korea's personal mobility platform company The Swing Co. has acquired the management rights of the van-hailing service Tada.Negotiations betwe...

Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media Return of the K-pop queens: Blackpink, Twice power up YG, JYP Samsung to launch AI health coach beta in US by end-2025 South Korea moves to mandate treasury share cancellation