new US foundry head
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Bio & Pharma
SK Pharmteco to invest $260 mn in new peptide factory in S. Korea
SK Pharmteco, the contract development and manufacturing organization (CDMO) of South Korea's SK Inc., said on Tuesday that it plans to invest $260 ...
Oct 02, 2024 (Gmt+09:00)
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ESG
LG Elec tops US sustainable brand rankings for HVAC, appliances
LG Electronics Inc. said on Wednesday it was named the most sustainable brand in the US for its heating, ventilation, and air conditioning (HVAC) so...
Oct 02, 2024 (Gmt+09:00)
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Batteries
LG Chem develops material blocking battery thermal runaway
LG Chem Ltd. has developed a material that can prevent thermal runaway in a lithium-ion battery, one of the major hurdles to the expansion of the el...
Oct 01, 2024 (Gmt+09:00)
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Electronics
LG NOVA hosts Innovation Festival in US
LG Electronics Inc. 's North American Innovation Center (LG NOVA) said on Monday that it held an Innovation Festival last Wednesday and Thursday at ...
Sep 30, 2024 (Gmt+09:00)
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Beauty & Cosmetics
CJ OnStyle, Amazon support K-beauty to enter US market
CJ Onstyle, the at-home TV shopping and e-commerce brand of South Korea’s content and commerce powerhouse CJ ENM Co., said on Thursday th...
Sep 26, 2024 (Gmt+09:00)
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Sovereign wealth funds
Korea Investment Corp. appoints Park Il Young as its new CEO
South Korean sovereign wealth fund Korea Investment Corporation (KIC) announced on Thursday that it has appointed former World Bank Group executive ...
Sep 26, 2024 (Gmt+09:00)
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Korean games
Netmarble unveils teaser video for its new game ‘The King of Fighters’
Netmarble Corp. announced on Thursday that it premiered a teaser video for its new game “The King of Fighters (KOF) AFK” at the SNK boot...
Sep 26, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Korean cosmetics fly off shelves on Amazon, other e-commerce platforms
South Korean cosmetics are top picks among beauty products on Amazon.com and other global e-commerce platforms amid the growing popularity of K-beau...
Sep 26, 2024 (Gmt+09:00)
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Airlines
S.Korea’s T’way Air to introduce A330-900 Neo aircraft
T'way Air Co. announced on Thursday that it will gradually introduce five new Airbus A330-900 Neo aircraft starting next year.T’way recently s...
Sep 26, 2024 (Gmt+09:00)
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Automobiles
Chabot Mobility raises $900,000 in Series C round
South Korea's automotive management platform startup Chabot Mobility said on Wednesday that it raised 1.2 billion won ($900,000) in a Series C inv...
Sep 25, 2024 (Gmt+09:00)
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Corporate bonds
Fed’s big rate cut spurs Korean firms to issue foreign bonds
South Korean companies rushed to issue foreign currency bonds after the US Federal Reserve lowered interest rates for the first time in more than fo...
Sep 25, 2024 (Gmt+09:00)
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Korean stock market
KRX launches Korea Value-up Index featuring 100 best practice firms
South Korea’s securities exchange operator, Korea Exchange, launched a new corporate value-up index on Tuesday, a key plank for the government...
Sep 25, 2024 (Gmt+09:00)
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Fiber & Textile
Hansae acquires US textile company Texollini
South Korean garment maker Hansae Co. said on Tuesday that it acquired the US-based textile manufacturer Texollini Inc.Founded in 1989, Texollini is...
Sep 24, 2024 (Gmt+09:00)
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Food & Beverage
Daishin Securities lowers its price target for Nongshim
Daishin Securities Co. cut its price target on Nongshim Co.'s stock to 530,000 won ($397) from 550,000 won ($412) on Tuesday, saying the company's o...
Sep 24, 2024 (Gmt+09:00)
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Automobiles
Genesis GV70, Electrified GV70 named safest cars by IIHS
Hyundai Motor Co.'s premium brand Genesis said on Sunday that its sport utility vehicle (SUV) GV70 and the Electrified GV70 got the highest rating...
Sep 23, 2024 (Gmt+09:00)
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K-pop
Aespa to release its new album ‘Whiplash’ in October
K-pop girl group aespa is aiming to follow up its hit song “Supernova” with a string of hits with its new album “Whiplash."Managem...
Sep 23, 2024 (Gmt+09:00)
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Leadership & Management
Samjong KPMG reappoints CEO Kim Kyo Tae for 4th term
Kim Kyo Tae on Friday was reappointed to a fourth term as chief executive of Samjong KPMG, announced the South Korean unit of the global audit and a...
Sep 20, 2024 (Gmt+09:00)
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Corporate strategy
Hyundai Motor cuts 2030 sales goals as EV chasm likely protracted
South Korean top automaker Hyundai Motor Co. has slashed its long-term vehicle sales targets by 6% as it prepares for aggressive marketing by Chines...
Sep 19, 2024 (Gmt+09:00)
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Energy
Taihan Cable enters HVDC market in US
South Korea's Taihan Cable & Solution Co. said on Thursday that it was selected as the cable supplier for a 320kV voltage-type high-voltage dire...
Sep 19, 2024 (Gmt+09:00)
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Electronics
Samsung tops US consumer TV satisfaction study
Samsung Electronics Co. ranked as the top TV brand for consumer satisfaction in the US, according to the 2024 American Customer Satisfaction Index (...
Sep 19, 2024 (Gmt+09:00)
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Korean food
Korean ramen makers set sights beyond US to Latin America
Nongshim Co. and Samyang Foods Co., South Korea’s two largest ramen makers, are ramping up production to create and meet demand for their spic...
Sep 18, 2024 (Gmt+09:00)
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Retail
Duty-free underdog Kyung Bok Kung outshines Lotte, Shilla
Kyung Bok Kung Duty-Free Co., a lesser-known travel retailer, has bucked the trend of South Korea's sluggish duty-free retail industry on a downward...
Sep 18, 2024 (Gmt+09:00)
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Automobiles
Hyundai, GM deepen ties to jointly develop cars
South Korea’s auto juggernaut Hyundai Motor Co. and US auto giant General Motors Co. will explore ways to jointly develop new vehicles and sou...
Sep 12, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung mass-produces QLC V9 NAND to lead AI storage market
Samsung Electronics Co., the world’s largest memory chipmaker, said on Thursday it has begun mass production of a 286-layer high-capacity NAND...
Sep 12, 2024 (Gmt+09:00)
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Aerospace & Defense
Hanwha teams up with Australian startup for space business
South Korea’s Hanwha Aerospace Co. has joined hands with Australian startup Gilmour Space Technologies in the space business, bolstering coope...
Sep 12, 2024 (Gmt+09:00)
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Korean food
Pulmuone to boost K-food boom in China with gimbap
Leading South Korean food company Pulmuone Corp. is poised to crank up the K-food craze in China, the world’s second most populous country, wi...
Sep 12, 2024 (Gmt+09:00)
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Electronics
LG's transparent OLED TV named best product in US
LG Electronics Inc.'s transparent OLED TV, the LG Signature OLED T, received the Best Designer Display award at the CEDIA Expo 2024, held in Denver,...
Sep 11, 2024 (Gmt+09:00)
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Energy
KEPCO, Burns & McDonnell to cooperate on power grid projects
Korea Electric Power Corp. (KEPCO), the South Korean state-run utility company, said on Tuesday that it signed a cooperation agreement for the joint...
Sep 10, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Samsung expands AI horizon with B2B-specific SmartThings Pro
BERLIN – South Korean tech giant Samsung Electronics Co. is entering the AI-powered business-to-business connectivity platform market with its...
Sep 10, 2024 (Gmt+09:00)
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Energy
Daewoo E&C reorganizes its nuclear-related division
South Korea's Daewoo Engineering & Construction Co. (Daewoo E&C) has expanded and reorganized its nuclear-related division following its sel...
Sep 09, 2024 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet