Hanmi Pharmaceutical reports record-high revenue in 2022

Hanmi Pharmaceutical reports record-high revenue in 2022

South Korea's Hanmi Pharmaceutical Co. last year saw record-high performance thanks to its self-developed drugs, surpassing its previous best year o...

Lotte Chemical, RWE, Mitsubishi form alliance for clean ammonia

Lotte Chemical, RWE, Mitsubishi form alliance for clean ammonia

South Korea's Lotte Chemical Corp. has joined forces with German energy company RWE and Japan's Mitsubishi Corporation to create a global consortium...

LG Uplus narrows operating profit gap with bigger rivals in 2022

LG Uplus narrows operating profit gap with bigger rivals in 2022

LG Uplus Corp., South Korea’s third-largest mobile carrier, reported more than 1 trillion won ($814.2 million) in operating profit in 2022 for...

Hanmi's Rolvedon set to post $10 mn in Q4 net sales in US

Hanmi's Rolvedon set to post $10 mn in Q4 net sales in US

South Korean drugmaker Hanmi Pharmaceutical Co.’s neutropenia agent, Rolvedon (eflapegrastim-xnst), is forecast to achieve about $10 million i...

Mobile Living Space: Hyundai’s new future mobility concept

Mobile Living Space: Hyundai’s new future mobility concept

A self-driving vehicle taking a passenger home and then docking into the building so that they can enter the house without being exposed to the outs...

GM Korea to launch Trax, Cadillac EV; likely turn to profit this year

GM Korea to launch Trax, Cadillac EV; likely turn to profit this year

GM Korea Co. expects to turn to profit this year after years of losses as the South Korean subsidiary of the US auto giant plans to bring six new an...

Global smartphone shipments hit 10-year low in 2022

Global smartphone shipments hit 10-year low in 2022

Global smartphone shipments last year declined to their lowest level in 10 years, showing how consumers closed their wallets amid the economic downt...

Hyundai's four models selected among Car & Driver's best 10 Trucks & SUVs

Hyundai's four models selected among Car & Driver's best 10 Trucks & SUVs

Hyundai Motor Group said on Wednesday that Hyundai IONIQ5, Kia EV6, Kia Telluride, and Genesis GV70 were selected as the 2023 Best 10 Trucks & S...

SK Inc. eyes significant growth in bio business from 2024

SK Inc. eyes significant growth in bio business from 2024

SAN FRANCISCO – SK Inc.,  the investment and holding company of South Korea’s SK Group, expects significant growth in its biopharma...

S.Korea’s battery material exports double to $10 bn

S.Korea’s battery material exports double to $10 bn

South Korea’s battery material exports more than doubled to exceed overseas sales of electric vehicle cells last year, helping the country&rsq...

SK Hynix gets Intel certification for DDR5 server DRAM

SK Hynix gets Intel certification for DDR5 server DRAM

South Korea's major memory chip producer SK Hynix Inc. said on Thursday that it has received certification that its 10-nm class fourth-generation (1...

Korea’s Daol to sell another unit to secure liquidity

Korea’s Daol to sell another unit to secure liquidity

South Korea’s Daol Financial Group agreed to sell another unit as part of its efforts to raise money in preparations for a possible liquidity ...

Hyundai Motor Group to make debuts of innovative startups at CES

Hyundai Motor Group to make debuts of innovative startups at CES

Hyundai Motor Group's open innovation platform Zero1ne will showcase innovative technologies from ten South Korean startups at CES 2023, the world's...

Hyundai, Kia aim to outpace industry growth in 2023

Hyundai, Kia aim to outpace industry growth in 2023

The Hyundai Motor Group is aiming to boost sales by 10% this year from 2022, above an estimated single-digit growth in the global automotive market....

Celltrion's Remsima receives approval in 100 countries in 10 years

Celltrion's Remsima receives approval in 100 countries in 10 years

South Korea's most valuable biopharmaceutical company Celltrion Inc. said on Tuesday that its antibody biosimilar Remsima (ingredient: infliximab) h...

Is semiconductor chip rental doable?: Samsung says yes

Is semiconductor chip rental doable?: Samsung says yes

Samsung Electronics Co., the world’s largest memory chipmaker, is looking to launch a high-end memory chip rental service as its new business ...

Samsung Global Goals app rakes in over $10 million in charity 3 years after launch

Samsung Global Goals app rakes in over $10 million in charity 3 years after launch

Samsung Electronics Co. on Monday said Samsung Global Goals, a charity app for the company's Galaxy smartphones and devices, exceeded $10 million in...

Netmarble joins UNGC to strengthen ESG management

Netmarble joins UNGC to strengthen ESG management

Netmarble Corp. said on Monday that it has joined the United Nations Global Compact (UNGC) to strengthen its environmental, social, and governance (...

SK Broadband develops eco-friendly rechargable remote control

SK Broadband develops eco-friendly rechargable remote control

South Korea's internet service provider SK Broadband has developed a new B tv remote control that can be recharged with significantly reduced chargi...

Korea to allow investors to sell stocks at pre-split-off values

Korea to allow investors to sell stocks at pre-split-off values

South Korea is set to allow individual shareholders to sell their stocks at prices before a split-off if they oppose a company’s separation pl...

Samsung Elec's green heat pump takes energy-starved Europe by storm

Samsung Elec's green heat pump takes energy-starved Europe by storm

Samsung Electronics on Monday said its heat pump Eco Heating System (EHS), a green heating and cooling system, has seen explosive sales growth on th...

SGC Energy signs 10-year contract to supply liquid CO2

SGC Energy signs 10-year contract to supply liquid CO2

South Korea’s SGC Energy Co. recently signed a contract to supply liquid carbon dioxide to a domestic company for 10 years starting January 20...

Korean NPS opens up forex hedging limit to maximum of 10%

Korean NPS opens up forex hedging limit to maximum of 10%

South Korea’s mighty state pension fund will hedge foreign exchange risks for up to 10% of its overseas investment for a limited period. ...

Glenwood to sue Baring PEA over buyout deal cancellation

Glenwood to sue Baring PEA over buyout deal cancellation

South Korea’s Glenwood Private Equity is set to take legal action against Hong Kong-based Baring Private Equity Partner over the cancellation ...

S.Korea's golf course market doubles in value over 10 years

S.Korea's golf course market doubles in value over 10 years

The value of South Korea's market golf course market now equals 98.5% of Japan's.The Korea Leisure Industry Institute (KLII) on Thursday released a ...

Daewoong submits new drug applications for Fexuclue in 10 countries

Daewoong submits new drug applications for Fexuclue in 10 countries

South Korea's leading drug company Daewoong Pharmaceutical is accelerating its global expansion efforts for its 34th domestically developed drug Fex...

CJ CheilJedang sells 3 million units of vegan food just 10 months after launch

CJ CheilJedang  sells 3 million units of vegan food just 10 months after launch

The plant-based food brand PlantTable of Korean food and biotech giant CJ CheilJedang Corp. has seen three million units in cumulative sales since i...

Tesla’s Musk names Korea among top candidate sites for Gigafactory

Tesla’s Musk names Korea among top candidate sites for Gigafactory

Tesla Inc. Chief Executive Elon Musk said on Wednesday that South Korea is among its top candidates to build in Asia another Gigafactory, the US ele...

Medical data platform operator JNPMEDI raises $10 mn in Series A funding

Medical data platform operator JNPMEDI raises $10 mn in Series A funding

Medical data platform operator JNPMEDI Inc. announced on Tuesday that it raised 14 billion won ($10.3 million) in a Series A round. Pavilion Ca...

MZers drive Korea's indoor golf facility pandemic boom

MZers drive Korea's indoor golf facility pandemic boom

Indoor golf facilities’ revenue in South Korea has skyrocketed amid the pandemic, thanks to millennials and Generation Zers' soaring consumpti...

Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media Return of the K-pop queens: Blackpink, Twice power up YG, JYP Samsung to launch AI health coach beta in US by end-2025 South Korea moves to mandate treasury share cancellation