Namyang sees big increase in overseas sales of Chupa Chups drink

Namyang Dairy Products is strengthening its presence in the overseas business-to-business (B2B) market through carbonated beverages. The famous loll...

K-BBQ brand Mapo Galmaegi signs agreement to get halal certification

South Korean food service enterprise Didim E&F said on Monday that its Korean barbecue brand Mapo Galmaegi signed a business agreement with a Ko...

S.Korea's top 2 LPG importers E1 and SK Gas cut supply price

South Korea's two major importers of liquefied petroleum gas (LPG), E1 Corp. and SK Gas Corp., have both cut their supply price of LPG in the first ...

Korea's Traders Wholesale Club launches paid membership program

S.Korea's big-box store Traders Wholesale Club officially launched its paid membership program called Traders Club on Sunday.The store has secured...

S.Korea logs record trade deficit in 2022; outlook dim

South Korea suffered a record trade deficit last year as the ongoing war in Ukraine ramped up energy import bills, while the outlook remained dark w...

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...

LG Display to showcase high-performance OLED panels for gaming at CES

LG Display Co. said on Thursday that it would unveil new 45-inch ultra-wide OLED panels and 27-inch OLED panels optimized for gaming at CES 2023, th...

Solvay named preferred bidder to buy Solus Biotech

Belgian chemicals maker Solvay S.A. has been selected as the preferred bidder to acquire South Korean biomaterials maker Solus Biotech, according to...

Business Survey Index falls for 4th consecutive month

With both exports and domestic spending growing shakier amid the global economic downturn, South Korean business sentiment has taken a backward step...

Hansol Chemical to enter bio industry with BiOCS acquisition

Hansol Chemical Co., a unit of South Korea’s paper-focused conglomerate Hansol Group, is expanding its business scope to biomaterials by acqui...

Koreans buy $2.7 billion Tesla shares this year, favorite foreign stock

Tesla, Inc. was the investors’ choice in South Korea this year, ahead of other overseas stocks.According to the Korea Securities Depository he...

CJ ENM sets up brand incubator Brandworks Korea

South Korean entertainment powerhouse CJ ENM Co. plans to foster the brand incubating business and promote sales through Brandworks Korea, the compa...

Korea's int'l passenger traffic exceeds domestic for 1st time since pandemic

The volume of international passengers in South Korea has exceeded that of domestic flights for the first time since the outbreak of the COVID-19 pa...

SK may sell assets in Vietnam, Malaysia to raise billions of dollars

South Korean conglomerate SK Group is considering selling some of its assets in Vietnam and Malaysia owned by its investment vehicle SK South East A...

SFA to acquire 28% stake in CIS to lead renewable battery equipment sector

South Korea’s general equipment manufacturer SFA Engineering Corp. is poised to acquire CIS Corp., a renewable battery production equipment ma...

Samsung Heavy Industries lands $1.5 bn deal for offshore plant order

South Korean shipbuilder Samsung Heavy Industries has bagged a $1.5 billion order to build an offshore plant from an Asian shipper, the company reve...

Hyundai Motor hits 15 mn vehicle sales milestone in US

South Korea’s auto giant Hyundai Motor Co.'s cumulative sales in the US surpassed 15 million units since entering the market in 1986, the comp...

Korean confectionery and snack co. Orion enjoys brisk sales in Vietnam

South Korea’s confectionery and snack maker Orion Corp. is enjoying rapid growth in Vietnam, thanks to brisk sales of the Choco-Pie, a chocola...

Lunit to export breast cancer detecting solutions to Hong Kong, Mongolia

South Korea's AI-based medical imaging equipment firm Lunit will export AI breast cancer diagnosis solutions to large hospitals in Hong Kong and Mon...

Commercial building transactions plummet to 2008 financial crisis level

In October, commercial building sales in Seoul plunged to the level of the 2008 global financial crisis.According to an analysis of actual transacti...

Hyundai Heavy develops new chemical-resistant paint for PC carriers

Hyundai Heavy Industries Group said Wednesday that it has developed a paint product for petrochemical product (PC) carriers with significantly impro...

Mom's Touch opens 2nd restaurant in Bangkok

South Korea's F&B franchise Mom's Touch announced on Wednesday that it has opened its second store "K Chimaek" in Bangkok, Thailand.Chimaek, a c...

Korea to allow investors to sell stocks at pre-split-off values

South Korea is set to allow individual shareholders to sell their stocks at prices before a split-off if they oppose a company’s separation pl...

KKR to buy 100% stake in SK E&S' Busan City Gas for $561 mn

Private equity giant KKR & Co. is slated to buy a 100% stake in Busan City Gas Co., wholly owned by South Korean energy company SK E&S Co., ...

Samsung Elec's green heat pump takes energy-starved Europe by storm

Samsung Electronics on Monday said its heat pump Eco Heating System (EHS), a green heating and cooling system, has seen explosive sales growth on th...

POSCO restarts key hot rolling mill at typhoon-hit plant

POSCO, the world’s sixth-largest steelmaker, resumed operations of a key hot rolling mill at a typhoon-hit plant in South Korea earlier than e...

Air Busan to resume Busan-Vientiane flights after 3-year hiatus

Air Busan Co. recently expanded the number of flights on its Japan routes and continues to resume flights on its Southeast Asian routes. It will now...

SK Group to display eco-friendly tech at next month's CES

South Korea's SK Group next month will display an extended range of carbon-reducing products and technologies at CES 2023, the world's largest exhib...

Glenwood to sue Baring PEA over buyout deal cancellation

South Korea’s Glenwood Private Equity is set to take legal action against Hong Kong-based Baring Private Equity Partner over the cancellation ...

Korean PE firm Hahn & Co to sell used-car platform K Car

South Korean private equity firm Hahn & Co. is set to sell a majority stake in local used-car trading platform K Car Co. as its initial public o...