Hyundai unseats Volvo as No. 1 truck brand in Korea

Hyundai Motor Co. has unseated construction truck leader Volvo in South Korea for the first time, driven by its flagship Xcient Pro model that sent ...

Ashley Queens’ success story: Premium dining, but at affordable prices

Korean food, or K-food, is popular around the world. And it’s almost become a rite of passage for foreigners who come to South Korea to try tr...

Korea Investment, Sinar Mas to build data center in Indonesia

Korea Investment Real Asset Management Co. and Indonesian conglomerate Sinar Mas have set up a joint venture to build a hyperscale data center in a ...

Hyundai Mobis develops nickel-free inductor material

Hyundai Mobis Co. has developed the world's first nickel-free inductor material, which is expected to sharply cut the cost of manufacturing inductor...

Kakao Pay to run Pangyo office with renewable energy

South Korea’s Kakao Pay Corp. said on Monday that it signed a green premium purchase agreement with Korea Electric Power Corp. (KEPCO), the So...

SKC to merge two biodegradable material subsidiaries

South Korea's SKC Ltd. said on Wednesday that it plans to merge its biodegradable material subsidiaries, SK Leaveo and SK Tbmgeostone with the merge...

EcoPro BM, GEM cement partnership for nickel, precursors

EcoPro BM Co., a South Korean cathode materials producer, said on Tuesday it has signed a memorandum of understanding (MOU) with GEM, a Chinese batt...

HD Hyundai Infracore to supply construction equipment to Saudi Arabia

South Korea's HD Hyundai Infracore Co. announced on Tuesday that it signed a contract to supply 100 excavators and wheel loaders to Saudi Arabia's l...

Samsung Electronics tops global TV sales in H1

Samsung Electronics Co. maintained its top position in the global TV market in the first half of this year, bolstered by robust sales of its newly i...

South Korea’s job growth rises in July led by elderly workers

South Korea’s job numbers grew in July, led by new hires among those in their 60s and older in one of the world's fastest-aging countries. The...

TCL narrows gap with Samsung in premium mini LED TV segment

China’s TCL Technology, the world’s No. 2 TV maker, has been expanding its presence not only in the market for cheap LCD TVs but also in...

LG Chem develops eco-friendly flame-retardant material

South Korea's LG Chem Ltd. developed an eco-friendly, flame-retardant material.The company announced on Monday that its per- and polyfluoroalkyl sub...

US to award SK Hynix up to $450 mn for Indiana chip complex

The US government said on Tuesday it plans to provide SK Hynix Inc., the world’s leading high-bandwidth memory (HBM) chipmaker, up to $450 mil...

EcoPro BM may cut battery materials capacity on EV slowdown

South Korea’s leading battery materials maker EcoPro BM Co. is considering reducing cathode output capacity despite continuous investments in ...

SGC E&C secures $92 mn chemical plant project in Malaysia

South Korea's SGC eTEC E&C Co. announced on Monday that it secured an additional chemical plant construction project in Malaysia worth 127.3 bil...

SK Chemicals, Kooksoondang to develop CR-PET container

South Korea's SK Chemicals Co. and South Korean traditional rice-based wine brewery Kooksoondang Co. signed a memorandum of understanding (MOU) on T...

Lotte Wellfood expands dairy exports to Vietnam

South Korea's Lotte Wellfood Co. announced on Thursday that it will increase dairy exports to the Vietnamese market.The products newly exported to V...

Taihan Cable wins $137 mn long-term contract in US

South Korea's Taihan Cable & Solution Co. announced on Thursday that its US sales subsidiary T.E.USA has secured a long-term contract worth 190 ...

Spear Korea to acquire AI medical firm Life Semantics

South Korea's aerospace materials company Spear Korea will acquire artificial intelligence (AI) medical firm Life Semantics Co. Life Semantics ...

Hyundai Premium Outlet runs AI Human for foreign customer

South Korea's Hyundai Premium Outlet announced on Tuesday that it will trial the artificial intelligence (AI) service AI Human at its Songdo store u...

Samsung Elec calls for C-Lab Outside applications

Samsung Electronics Co. announced on Monday that it will enlist startups to participate in its external startup incubation program C-Lab Outside unt...

LG Elec OLED evo TV tops in 14 countries

LG Electronics Inc. announced that its premium lineup LG OLED evo TVs achieved first place in performance evaluations by consumer media outlets in...

Genesis GV80 global sales hit record high in Jan-June 2024

The sport utility vehicle GV80 under Hyundai Motor Co.'s premium Genesis brand recorded its highest half-year sales in the first half of this year, ...

Slimming wars: Samsung aims to launch 7 mm foldable smartphone

When Samsung Electronics Co. unveiled its latest iteration of foldable smartphones – the Galaxy Z Flip6 and the Z Fold6 – at the Unpacke...

Samsung Galaxy Z foldable's pre-sales soars 40% rise in India

Samsung Electronics Co.'s latest foldable phones showed strong sales potential in India, the world's most populous country, with pre-sales for the G...

Korean stocks linked to a Trump victory soar after shooting

Investors in the South Korean stock market rushed to stocks seen as connected to former US President Donald Trump on Monday, such as construction, n...

POSCO seeks restructuring for $1.9 bn injection in battery materials

POSCO Holdings Inc. aims to raise its corporate value through an ambitious scheme that entails securing 2.6 trillion won ($1.9 billion) through rest...

Genesis GV60 Magma to enter production in 2025; hybrid model eyed

When Hyundai Motor Co. unveiled the Genesis GV60 Magma Concept at Genesis House New York this March, the premium brand’s color – vivid o...

Samsung to invest $52 mn in US biotech VC Flagship Pioneering

Samsung C&T Corp., its bio units Samsung Biologics Co. and Samsung Bioepis Co. and Samsung Venture Investment Corp. have committed a combined 72...

POSCO aims to quadruple operating profits by 2030

POSCO Group, South Korea’s No. 1 steelmaker, has set an ambitious goal of quadrupling its operating profits and doubling revenue by 2030 with ...