Hana Financial partners with Line to launch digital bank in Indonesia

Hana Financial partners with Line to launch digital bank in Indonesia

Naver Corp.’s Japan-based messaging app affiliate Line Corp. is rapidly expanding its digital banking business in Asian countries outside Kore...

Kakao enters insurance sector for synergy with its online platforms

Kakao enters insurance sector for synergy with its online platforms

Kakao Corp.’s ambition to become an insurer is gradually becoming a reality. The platform giant’s application to start an insurance busi...

Petroleum products rebound; Korea reaches all-time high April exports

Petroleum products rebound; Korea reaches all-time high April exports

Petroleum products become driving force behind South Korea's export market Exports of petroleum products turned positive this year, driving South K...

SK invests in the US 'turquoise' hydrogen maker Monolith Materials

SK invests in the US 'turquoise' hydrogen maker Monolith Materials

SK Inc., the holding and investment company of SK Group, has made another big investment in the US hydrogen segment.On Jun. 3, SK said that it bough...

Global automakers accelerate EV push as chip shortage eases

Global automakers accelerate EV push as chip shortage eases

Global auto companies are moving forward with their electric vehicle (EV) and other future mobility initiatives as the global semiconductor shortage...

Samsung Display to expand small OLED line with $2.7 bn investment

Samsung Display to expand small OLED line with $2.7 bn investment

Samsung Display Co., South Korea’s largest display maker, plans to spend as much as 3 trillion won ($2.7 billion) to build a new organic light...

Hahn & Co. acquires controlling stake in Namyang Dairy Products

Hahn & Co. acquires controlling stake in Namyang Dairy Products

South Korea’s private equity (PE) firm Hahn & Co. has acquired a controlling 53% stake in Namyang Dairy Products, acquiring all shares own...

China’s heavy imports of copper, steel scrap hurt Korean SMEs

China’s heavy imports of copper, steel scrap hurt Korean SMEs

South Korea’s massive exports of scrap steel and scrap copper to China are hurting its domestic companies that are struggling to secure the st...

Korean medical cosmetics firms make big rebound in Q1

Korean medical cosmetics firms make big rebound in Q1

South Korean medical cosmetics companies that underwent a tough year in 2020 are posting rejuvenated earning results thanks to s rise in demand in E...

SK Hynix push for takeover of Key Foundry to boost foundry production

SK Hynix push for takeover of Key Foundry to boost foundry production

SK Hynix Inc. is taking the first steps to take over South Korea-based Key Foundry, a move in line with recent remarks from Park Jung-ho, the SK Hyn...

Hyundai’s premium Genesis brand sells over 500,000 cars since launch

Hyundai’s premium Genesis brand sells over 500,000 cars since launch

Hyundai Motor Co.’s standalone high-end brand Genesis has reached a landmark with sales of over 500,000 cars since its launch as the top South...

Riding cargo boom, H-Line Shipping resumes IPO process

Riding cargo boom, H-Line Shipping resumes IPO process

H-Line Shipping Co., South Korea's second-largest bulk transportation company, has resumed its initial public offering process after three years, as...

SK Hynix starts mass production of high-performance SSDs

SK Hynix starts mass production of high-performance SSDs

South Korea’s SK Hynix Inc. has begun the mass production of its latest high-performance solid-state drives (SSDs) amid intensifying competiti...

LG Chem expands carbon nanotube production with new plant

LG Chem expands carbon nanotube production with new plant

South Korea's LG Chem Ltd. has completed an extension of its production line for carbon nanotubes (CNTs), known as a wonder material for its strengt...

Chinese investors enjoy bitcoin arbitrage gains on Kimchi Premium

Chinese investors enjoy bitcoin arbitrage gains on Kimchi Premium

Chinese investors trading in digital assets such as bitcoin are reaping decent arbitrage gains in South Korea as the so-called Kimchi Premium has re...

SK, Kolon tie up on biodegradable plastic production

SK, Kolon tie up on biodegradable plastic production

SK Global Chemical Co., a petrochemical subsidiary of SK Innovation Co., will produce biodegradable plastics together with chemical and textile heav...

Hyundai Oilbank, Air Products sign MOU to make hydrogen

Hyundai Oilbank, Air Products sign MOU to make hydrogen

Hyundai Oilbank Co., the oil refining unit under Hyundai Heavy Industries Holdings Co., has joined hands with US gas and chemical company Air Produc...

Korean battery shares tumble as VW gears up for in-house production

Korean battery shares tumble as VW gears up for in-house production

Shares of South Koreas’ major battery makers tumbled on Tuesday after Volkswagen AG announced it will gradually switch the type of batteries u...

Hyundai Motor to introduce batch production system at local plant

Hyundai Motor to introduce batch production system at local plant

South Korea’s Hyundai Motor Co. is considering introducing a new factory idea for its major local plant aimed at better responding to rising m...

Qualcomm chip shortage may squeeze global smartphone production

Qualcomm chip shortage may squeeze global smartphone production

The global semiconductor shortage that has hit the automotive industry is also making its impact on major smartphone makers around the world.  ...

Qualcomm chip shortage may squeeze global smartphone production

Qualcomm chip shortage may squeeze global smartphone production

The global semiconductor shortage that has hit the automotive industry is also making its impact on major smartphone makers around the world.  ...

Graphene Square aims global with mass production of 'wonder material'

Graphene Square aims global with mass production of 'wonder material'

Graphene is often called a “wonder material” because of the extraordinary properties that come from its nano-scale structure. It is an e...

Hyundai Motor to ramp up fuel cell car production

Hyundai Motor to ramp up fuel cell car production

South Korea-based Hyundai Motor Co. has decided to produce around 17,000 units of its hydrogen fuel cell electric vehicle (FCEV) this year, thrice t...

Young, female, foreign: Hyundai Motor Group’s new BOD

Young, female, foreign: Hyundai Motor Group’s new BOD

South Korea’s Hyundai Motor Group, under its new leader Chung Euisun, is seeking changes on its board of directors, the group's top business d...

Samsung Elec may advance start of leading-edge foundry line to July

Samsung Elec may advance start of leading-edge foundry line to July

Samsung Electronics Co., a leading global foundry chipmaker, may begin operation of its leading-edge chip fabrication line earlier than scheduled to...

Coupang likely to get $1 bn credit line from IPO managers

Coupang likely to get $1 bn credit line from IPO managers

South Korea’s online retailer Coupang Corp. is looking to secure a credit line of up to $1 billion from the underwriters of its US initial pub...

Renault vows action if Korean unit fails to improve productivity, cut costs

Renault vows action if Korean unit fails to improve productivity, cut costs

French auto giant Groupe Renault has warned of stern action against its struggling South Korean unit, urging it to improve productivity and cut cost...

GM Korea to cut production; carmakers call for govt action

GM Korea to cut production; carmakers call for govt action

The South Korean arm of General Motors Co. has become the country’s first automaker forced to cut production due to the global semiconductor c...

KDB mulls sale of HMM to POSCO

KDB mulls sale of HMM to POSCO

South Korea's state-run bank is considering selling HMM Co., the country's largest container line, to steelmaker POSCO as the shipping industry expe...

SM Line eyes H2 IPO on Korean bourse, aims to expand US trade

SM Line eyes H2 IPO on Korean bourse, aims to expand US trade

South Korea’s SM Group, formerly known as Samla Midas Group, is pushing for an initial public offering of its merchant liner, SM Line Corp., o...

Hanwha Systems to compete with LIG Nex1 for Korean version of Iron Dome NH, KB Securities, Kookmin Bank, Kim & Chang lead capital markets in H1 From G-Dragon to Ibuki: Dongmyo emerges as global fashion hotspot Hyundai helps Korean economy most with $265 bn contribution South Korea issues €1.4 billion in largest-ever euro bond sale