KTB rebrands with name change as Daol Financial Group

Daol Financial Group of South Korea, formerly known as KTB Financial Group, announced on March 25 the change in the company's name. Daol, a Korean w...

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 ...

Korea's major fashion firms rush to embrace content marketing

Major South Korean fashion companies are speeding up their investment in content startups. F&F Holdings, the distributor of the US outdoor brand...

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...

SK E&S buys EverCharge to enter US EV charging market

South Korea’s SK E&S Co. acquired US electric vehicle charging solution provider EverCharge Inc. to start the business in the world’...

Samsung, LG, SK step up push into blockchain market

Top South Korean conglomerates such as Samsung, LG and SK are stepping up efforts to build a presence in the blockchain and crypto-asset markets, a ...

Korean ad agencies vying for bigger slice of virtual space

South Korean advertisement agencies, led by Innocean Worldwide Inc. and Cheil Worldwide Inc., are stepping up efforts to acquire digital technology ...

Korea's hotel deals hit record-high $1.4 bn in 2021: JLL

Hotel deals in South Korea hit a record high of 1.7 trillion won ($1.4 billion) in 2021, up 80% from the previous year, said global real estate serv...

LG Energy considers billion-dollar battery plant in Arizona

South Korea’s LG Energy Solution Ltd. may build a billion-dollar battery plant in the US state of Arizona to meet growing demand in North Amer...

OLED materials makers set to shine as Samsung, Sony unveil new TVs

South Korea’s major OLED materials makers are becoming the market darlings with decent gains in their share prices, as global TV manufacturers...

LG Display reclaims global top spot in Q4 2021

South Korea’s LG Display Co. regained the top spot in the global display market for TVs in the fourth quarter of 2021, according to tech indus...

LG Elec. targets North American digital healthcare market

South Korea’s LG Electronics Inc. has made inroads into the North American digital healthcare market with US telehealth company Amwell as the ...

ETFs entice Korean investors amid volatile market

South Korean retail investors bought more exchange-traded funds (ETFs) than stocks on the country’s main Kospi in the last six months as the b...

Korea rises as test bed for global luxury brands

South Korea is becoming a test bed for global high-end brands such as Balenciaga, Valentino, IWC and Breitling. The world's top luxury brands, pre...

Lotte seeks first-mover advantage in senior market

South Korea's Lotte Group will build a luxury residential town for retirees in Seoul by 2025 to plunge into the senior housing market.Lotte Hotels a...

Hyundai, Lotte to join used car market, seen as boost for small players

South Korea’s top automaker Hyundai Motor Co. and the country’s No. 1 car rental firm Lotte Rental Co. are advancing into the domestic u...

Korea to open temporary settlement lines for trade with Russia

South Korea plans to open temporary settlement lines between domestic banks and their units in Russia in order to help companies hit by multinationa...

Nongshim aims for top instant noodle spot in the US

Nongshim Co., South Korea’s leading instant noodle maker is aiming for the top noodle spot in the US. The Korean food company will begin ope...

Samsung controls 90% of foldable smartphone market

Samsung Electronics Co. is enjoying a dominant position in the foldable smartphone market, alongside the segment's explosive growth aided by afforda...

Hyundai to make IONIQ 5 in Indonesia, EV hub for ASEAN market

Hyundai Motor Co. has started mass producing its iconic all-electric crossover IONIQ 5 at its newly built plant in Indonesia, a country that the top...

Korea’s fashion OEM firms eye record sales 

South Korea’s clothing original equipment manufacturers (OEM) are set to see a supercycle or a sustained period of expansion driven by robust ...

Hyundai eyes LNG ship-to-floating storage unit conversion market

The ongoing war in Ukraine and tougher emission standards are creating a new market for shipbuilders: converting aged liquefied natural gas (LNG) ca...

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...

Hyundai’s auto exports to Russia cut by half in February, hit by war

Hyundai Motor Co.'s car exports to Russia have dwindled by nearly half in the latest indication that global automakers are feeling the pinch due to ...

Offices in Gangnam attract global investors amid market volatility

South Korean and overseas institutional investors are eyeing offices in Gangnam District, Seoul, amid concerns over inflation and market volatilit...

Lotte invests in Canada's edible insect food company

South Korea's Lotte Confectionery Co. has invested around 10 billion won ($8 million) in Canada’s edible insect protein producer Aspire Food G...

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 won extends losses as oil hits 14-year high

South Korea’s won currency skidded to a fresh low in nearly two years as oil prices spiked to a 14-year peak with fears of a prolonged war bet...

Korean SPAC Valuence Merger debuts on Nasdaq, targets bio M&As

Valuence Merger Corp. 1, a special purpose acquisition company (SPAC), led by South Korean fund managers, has debuted on the Nasdaq, targeting Asian...

Hyosung to expand carbon fiber production for hydrogen tanks

South Korea’s Hyosung Advanced Materials Corp. is expanding its carbon fiber production by adding a third line to meet the growing demand for ...