S.Korea industry production posts largest increase in 30 months
South Korea's Index of All Industry Production soared at its steepest pace in 30 months in August, driven by a resurgent semiconductor manufacturing...
Korean Sept export drop eases as chip sales hit 1-year high
South Korea’s exports slowed their decline in September to their mildest drop amid a yearlong downturn, raising hopes for a recovery in Asia&r...
Samsung SDI to invest $2 bn to build 2nd US battery plant with Stellantis
Samsung SDI Co. will inject $1.98 billion to build a second battery manufacturing plant in the US jointly with Netherlands-based automaker Stellanti...
Korean lab-grown diamond maker KDT to build plant in India
South Korea’s sole lab-grown diamond producer KDT Diamond Co. will build its first overseas production facility in India by early next year to...
EcoPro Materials to quadruple precursor output by 2027
South Korea's precursor manufacturer EcoPro Materials, aims to quadruple its production capacity by raising funds between 524 billion won ($390 mill...
S.Korea's travel agencies fight for survival with customized products
South Korea’s major travel agencies, feeling threatened by the rise of online travel agencies on the tourism market, are using their strengths...
NHN Commerce to collaborate with China's Shanhai Digital
NHN Commerce, South Korea's major online company NHN Corp.'s online shopping platform, announced its strategic business agreement with ShanHai Digit...
SKC plans world’s largest biodegradable plastic plant in Vietnam
South Korea’s SKC Ltd., secured an investment registration certificate (IRC) to establish the world’s largest biodegradable plastics m...
S.Korea’s SK Earthon starts oil production in South China
SK Earthon Co., the resources development subsidiary of South Korea’s top energy company SK Innovation Co., began crude production at an oil f...
Samsung Heavy develops laser high-speed welding robot for LNG vessels
South Korea's Samsung Heavy Industries said on Thursday that it has developed the maritime sector's first laser high-speed welding robot, aimed at s...
Pharmgen Science exports neomcell products directly to Vietnam
South Korea's Pharmgen Science announced on Wednesday that it has initiated shipments for its healthcare brand "neomcell" for the first direct expor...
S.Korea's Cosmax wins halal award in Indonesia
Cosmax Inc., a South Korean original development manufacturer (ODM) of global cosmetics that also does research and development in the field, has wo...
LG Energy raises $1 bn in bonds for EV battery production
LG Energy Solution Ltd., the world’s second-largest battery manufacturer, said on Tuesday it has raised $1 billion by selling its first global...
Lotte Chemical launches eco-friendly material brand Ecoseed
South Korea's Lotte Chemical Corp. has launched its eco-friendly material brand, "Ecoseed." The company announced on Tuesday that it unveiled the Ec...
Hyundai Wia finishes EV thermal management test center
South Korea’s No. 2 automotive parts supplier Hyundai Wia Corp. on Tuesday completed construction of a thermal management test center at the c...
Samsung Biologics wins $242 mn order from Bristol Myers Squibb
Samsung Biologics Co., the world’s largest contract drugmaker, said on Monday it has signed an agreement to produce $242 million worth of anti...
LG's refrigerator receives Int'l EPD certification
LG Electronics Inc. has announced that its high-end refrigerator, the Objet Collection, has become the first in the home appliance industry to recei...
Samsung releases The Wall for virtual production in Europe
Samsung Electronics Co. announced on Friday that it unveiled "The Wall for Virtual Production" at IBC 2023, the world's largest trade fair for elect...
Lotte Mart at Seoul Station redesigned to lure foreign shoppers
South Korea’s Lotte Mart reopened its hypermarket at Seoul train station on Thursday following a four-month renovation to attract more foreign...
POSCO, Hyundai unveil hydrogen value chains at H2 MEET 2023
Hydrogen-fueled cars, drones and energy systems were unveiled on Wednesday during South Korea’s largest hydrogen industry exhibition H2 MEET, ...
Korean retailers boost Mongolia presence with new stores, products
South Korean retail giants are advancing into Mongolia where Korean food and daily necessities are gaining in popularity among local consumers. Big-...
Synthetic diamonds with ESG value lure Korean shoppers
Lab-grown diamonds, cultured in laboratories wth advanced technologies, are garnering attention from South Korean consumers as they are produced mor...
Homeplus enters Mongolian market with PB products
South Korean big-box retailer Homeplus has entered the Mongolian market for the first time, signing a strategic partnership with the country's ret...
Hanwha sees higher odds of winning Poland submarine deal
South Korea’s Hanwha Ocean Co. appears to be a step closer to winning a 3.2 trillion won ($2.4 billion) Polish order for submarines, after a s...
Celltrion to expand new plant for drug products
South Korean biopharmaceutical firm Celltrion Inc. announced on Tuesday that it plans to enlarge its finished pharmaceuticals manufacturing facility...
SK On’s prismatic battery push fares well: Vice chair
MUNICH -- SK On Co. is making good progress in developing prismatic battery cells, its Senior Vice Chairman Chey Jae-won said on Tuesday, five month...
Korea ranks 3rd on global dominant product list to tie Japan
TOKYO -- South Korea has ranked third among countries having the world’s most dominant products. In six categories, including smartphones, mem...
Mirae Asset No. 1 among overseas asset managers in India
MUMBAI – South Korea’s Mirae Asset Global Investments Co., managing 22 trillion won ($16.7 billion) in India, ranks No. 1 among overseas...
Korea emerges as growth market, design hub for global brands
Global fashion and luxury goods brands are opening directly managed stores in South Korea, one of their growth markets, ending their decades-long re...
Hugel resubmits application to FDA for botulinum toxin product
South Korea's biopharmaceutical company Hugel Inc., announced on Friday that it has resubmitted applications to the US Food and Drug Administration ...
