Korean builders fare well in Q1 with overseas projects

South Korea’s leading construction companies, led by Hyundai Engineering & Construction Co. (Hyundai E&C), posted modest operating pro...

Kakao Healthcare teams up with US digital, biohealth firms

Kakao Healthcare, a digital healthcare platform unit of South Korea's Kakao Group, has teamed up with US digital and health companies such as DexCom...

Hotel Shilla to challenge Lotte’s duty-free shop dominance in Korea

South Korean leading luxury hotel and retail operator Hotel Shilla is challenging its crosstown rival Lotte, the dominant player in the country&rsqu...

S.Korea to support exports of 100 SMEs in metaverse, XR industry

South Korea's Ministry of Science and ICT announced on Thursday that it will support the export of 100 small- and medium-sized enterprises (SMEs) in...

Chinese weak domestic demand causes S.Korean trade deficit: report

The Korea International Trade Association (KITA) has urged South Korea to develop a strategy to strengthen exports to China based on its market situ...

S.Korea’s Musinsa, Disney to collaborate character products

South Korea’s online fashion platform Musinsa has partnered with the Walt Disney Company Korea, a Korean unit of the global entertainment...

S.Korea’s SoluM joins Vietnam's largest EV charging project

SoluM Co., a South Korean mid-sized electronic component maker, said on Wednesday that it signed an agreement with PetroVietnam Power Corporation, a...

SK Hynix expects second-half market recovery after record Q1 loss

SK Hynix Inc., the world’s second-largest memory chipmaker, said on Wednesday it expects the global semiconductor market to rebound in the sec...

Bionote, Covetrus sign distribution agreement diagnostic products for animals

BioNote, South Korean developer of diagnostic reagents for animals, announced on Tuesday that it has signed a supply contract with Covetrus, a US-ba...

CG Bio establishes US corporation to develop tissue products

South Korean bio-regenerative medical firm CG Bio has launched a new US corporation CG MedTech, to focus on the development and marketing of tissue ...

S.Korea’s Woori Financial profit up on interest rate margins

Woori Financial Group, South Korea’s fourth-largest financial holding company, logged growth in a quarterly net profit as larger interest rate...

LG Elec to strengthen its direct-to-consumer sales strategy

South Korea's LG Electronics Inc. is strengthening its direct-to-consumer (D2C) strategy and expanding its lineup of low- to mid-priced products to ...

POSCO Future M to inject $461 mn to bulk up cathode production

POSCO Future M Co., a unit of South Korean steel giant POSCO Holdings Inc., said on Monday it has decided to invest 614.8 billion won ($460.5 millio...

Samsung Display to use waste glass in cement to erect new HQ

South Korea's Samsung Display will use recycled cement using waste glass from the display production process to build a new headquarters.The company...

Russian fresh pollock imported for first time at Donghae Port

As Korean cod, which had been considered everyone's fish, has virtually disappeared, Russian fresh  pollock has finally become available to Kor...

Lotte Biologics invests in S.Korean bio-venture Pinotbio

South Korea’s Lotte Biologics Co. said on Friday that it has made an equity investment in Pinotbio, Inc. for the development of antibody-drug ...

CJ OliveNetworks opens S.Korea's first logistics center with 5G

South Korea's digital service company CJ OliveNetworks on Thursday said it set up the mobile communications network "Ieum 5G" exclusively for busine...

Shinhan Financial Chairman to hold overseas IR in Japan

Shinhan Financial Group's Chairman Jin Ok-dong is set to embark on his first overseas business trip since taking office as chairman last month. From...

Korean battery players LG, Samsung, SK sweep US EV tax credits

It has long been talked about and finally confirmed: South Korean battery companies are well-placed to benefit from the strengthened requirements of...

LG Chairman to refine strategy for EV battery production

Koo Kwang-mo, chairman of South Korea’s fourth-largest conglomerate LG, visited a cathode plant on Monday to review supply chains for the batt...

LG Electronics supports ESG certification for overseas suppliers

LG Electronics Inc. is accelerating its support for enhancing the environmental, social and governance (ESG) capabilities of domestic and overseas p...

Korea to adopt cornerstone investor system to vitalize IPOs

South Korea is set to introduce a system of cornerstone investors who agree in advance to subscribe to a forthcoming listing with conditions of lock...

Orion’s Turtle Chips launches in Vietnam, India

South Korea's confectionary giant Orion Corp. is launching its popular snack "Kkobuk Chip" in Vietnam and India. Orion announced on Monday that it h...

SK Telecom, Singaporean company collaborate on virtual production

SK Telecom Co. announced on Monday that it has signed a memorandum of understanding (MOU) with Xon Studios and Singapore's virtual production specia...

Specialty income by preferred securities, commercial MBS

With a hamstrung US Federal Reserve, the global outlook for 2023 is one of cautious optimism for fixed income. As the Fed is unable to readily rescu...

Hyundai, Kia to provide official ceremonial vehicles for ADB Annual Meeting

Hyundai Motor Co. and Kia Corp. announced on Friday that they will support the official ceremonial vehicles for the Asian Development Bank (ADB) Ann...

S.Korea’s Musinsa sees sales grow 54% in 2022 to $537 mn

South Korea’s online fashion platform Musinsa saw sales last year surge over 50% to break the 700 billion won ($537.7 million) mark, though op...

Preppy style attracts Korea's Gen Z, Alpha seeking retro trends

A licensed fashion brand from the University of Cambridge has entered South Korea as more young consumers are enthusiastic about the so-called Ivy L...

Hankook Tire's iON brand wins Red Dot Design Award

South Korean tire maker Hankook Tire & Technology said on Thursday that its electric vehicle (EV) exclusive tire brand, "iON," has secured four ...

Korea must nurture chip materials, parts, facilities: Jusung

South Korea needs to nurture its materials, parts and facilities industries to keep competitiveness in the semiconductor sector, said the chief exec...