LG Household to lower reliance on Chinese market as shares slump
LG Household & Health Care Ltd. was one of the most coveted shares on the Korean bouse in the past couple of years as the company basked in the ...
Samsung launches LTE-only Galaxy A23 to target low-end market
Samsung Electronics Co. on Friday launched the 4G LTE Galaxy A23 smartphone, a cheaper version of its flagship Galaxy A series models, targeting the...
North Korea launches another unknown projectile
SEOUL—North Korea launched an unknown projectile off its east coast on Thursday, the military in Seoul said, as the Kim Jong Un regime conti...
Europe emerges as battleground for webtoon dominance
South Korea’s tech behemoths Naver Corp. and Kakao Corp. are intensifying competition over who will dominate the global webtoon market. ...
Hyundai, BAIC Motor to inject $942 mn in China JV for EVs
Hyundai Motor Co., South Korea’s top automaker, is set to invest more in China to revive its business on the mainland through quality electric...
Naver launches conversational search engine service
South Korea’s internet juggernaut Naver Corp. announced Friday it has launched a conversational search engine service called Knowledge Interac...
Hyundai Motor invests in cloud, hydrogen firms for future mobility
Hyundai Motor Co., South Korea’s top carmaker, invested $21.6 million late last year in startups with promising technologies in non-automaking...
China's lockdown: Double effect to Korean tech stocks
The COVID-19 lockdown of Shenzhen, the city known as Silicon Valley of China, is increasing concerns over supply disruptions to South Korea’s ...
China rules EV market with fleet sales; Hyundai targets retail
Chinese electric vehicle makers are expanding their shares in key markets such as the US and Europe through fleet sales, while South Korea’s H...
SK On, Ford to set up battery JV in Turkey for Europe
South Korean battery maker SK On Co. and Ford Motor Co. will set up a joint venture to produce electric vehicle batteries in Turkey with a local com...
Korea Hanmi to launch blockbuster hypertension drug in China
South Korea’s Hanmi Pharmaceutical Co. is set to launch its blockbuster high blood pressure drug Amosartan in China, the world’s largest...
Pearl Abyss releases mobile game Black Desert in China in April
South Korean game developer and publisher Pearl Abyss set a China release date of April 27 for its cross-platform MMORPG Black Desert on the App Sto...
Korean content shares jump on Beijing’s eased restrictions
South Korean content shares finished Friday’s trade higher, buoyed by expectations of resumed exports to China and news that Disney+ will rele...
Kia aims to launch 14 all-electric models by 2027
Kia Corp., South Korea’s second-largest automaker, said on Thursday it will launch 14 electric vehicles by 2027 with an aim to sell 1.2 millio...
POSCO launches holding firm to develop non-steel biz
POSCO, the world’s sixth-largest steelmaker, on Wednesday launched a holding company to develop the group into an eco-friendly future material...
Korea sets Nuri space rocket’s second launch for mid-June
South Korea will make a second attempt to launch its first domestically designed and developed space rocket Nuri in mid-June after an earlier attemp...
Kakao’s incoming CEO to launch two metaverse platforms
‘Beyond Korea’ is South Korean tech juggernaut Kakao Corp.’s new vision for the future. Kakao’s new CEO nominee Namkoon...
China’s Geely challenges Hyundai with entry to Korea’s e-truck market
China’s largest privately owned carmaker Zhejiang Geely Holding Group Co. is entering South Korea’s electric truck market to compete wit...
Lotte says to become the norm in metaverse retail space
Lotte Group Chairman Shin Dong-bin is so determined to make the metaverse the group's next playing field that he recently proposed a metaverse meeti...
Korea petchem shares shine on China hopes, valuations
South Korean petrochemical companies’ stocks rose as investors bought them at a bargain on expectations for Chinese demand recovery despite ri...
LG launches world’s first 42-inch OLED TV in UK at £1,399
South Korea’s LG Electronics Inc. has launched the world’s first 42-inch OLED TV, which the company said is ideal for game consoles such...
Korea battery makers at risk from reliance on China materials
South Korea’s secondary battery makers face a risk from heavy reliance on Chinese raw materials, while the industry has sought measures to ens...
Korean money flows to China exceed investment in North America
South Korean money inflows to Chinese stocks exceeded investment in North America as sluggish US shares spurred investors to bet on a recovery in th...
Hyundai Motor launches robotaxi service in upscale Gangnam district
City governments, automakers, and tech giants are leading the adoption of robotaxis in major cities throughout South Korea. The Ministry of Lan...
Singapore approves Korean Air-Asiana combination
Singapore’s antitrust authority approved the integration of Korean Air Lines Co. and Asiana Airlines Inc., paving the way for South Korea&rsqu...
Kakao to launch webtoon service Piccoma in France
Kakao Corp. announced Sunday that it plans to launch the European version of its webtoon subscription service in either April or May of this year....
Seoul launches investment promotion agency for FDI expansion
The city of Seoul launched Invest Seoul on Feb. 7, an investment promotion agency (IPA) to attract foreign investment and overseas companies. The ca...
The Korea Economic Daily's index set for ETF market debut
Exchange-traded funds (ETFs) have been solidifying their position in the investment market of Korea for the past years. Individual investors in Sout...
Game developers rush to launch their own digital coins
South Korea’s game developers are in a tight race to create their own digital tokens and to build viable ecosystems that utilize these cryptoc...
Hyundai Motor launches robotaxi service in upscale Gangnam district
City governments, automakers, and tech giants are leading the adoption of robotaxis in major cities throughout South Korea. The Ministry of L...
