Yellen calls for trade overhaul to diversify from China
SEOUL—Treasury Secretary Janet Yellen called for a reorientation of the world’s trading practices in the wake of Russia’s invasion...
Chanel’s first VIP boutique to open in Asia – will it be in Seoul?
A couple of months ago, media outlets reported Chanel plans to open stores solely for VIP shopping in Asia.The French label is widely expected to op...
Beijing Hyundai to launch two EVs only for China for revival
Hyundai Motor Co.'s joint venture in China plans to launch two electric vehicle models dedicated to the mainland next year to revive its ailing busi...
Korean LCCs’ international flight recovery remains slow
South Korean budget airlines are seeing a slow recovery in international flights as key routes such as China and Japan have yet to normalize while t...
Won may head to 1,400 against the dollar for 1st time since 2008-09 crisis
The South Korean won is expected to weaken to 1,400 against the dollar, a level not seen since the 2008-09 global financial crisis as the country&rs...
Orion enters China’s vaccine market with tuberculosis plant in Jining
Orion Holdings Corp., one of South Korea’s largest confectionery companies, said on Wednesday it will build a vaccine plant in China by 2024 t...
Korean manufacturers’ dependence on China intensifies
South Korean manufacturers are importing even more key industrial raw materials from China, deepening concerns over the dependence of Asia’s f...
Hyundai Motor raises N.America workforce, cuts China staff
Hyundai Motor Co., South Korea’s top automaker, ramped up its workforce in North America by more than 50% last year where its presence is grow...
KT beefs up services for foreigners as travel bans ease
South Korea’s leading telecom operator KT Corp. will offer a broader range of services for foreign subscribers ahead of an expected surge in f...
Korean biotech L&C Bio issues convertible bonds worth $46 mn
South Korean biotech company L&C Bio, which specializes in tissue regeneration treatment, is poised to ramp up its expansion into the Chinese ma...
LG Magna to spend $78 mn on China capacity expansion
LG Magna e-Powertrain Co. will invest $78 million in its Chinese plant of electric vehicle parts to meet growing demand in the world’s largest...
Shilla Duty Free targets Chinese shoppers with Alibaba
The Shilla Duty Free Shop, the world’s No. 3 duty-free chain, has joined hands with a Chinese e-commerce giant to attract some 158 million cro...
K-beauty sales see sharp drop at China's major shopping event
South Korean cosmetics giants failed to win over Chinese consumers at the 618 Shopping Festival, one of the largest online annual shopping events in...
LianBio teams with Korean MediRama to ease US biotechs' foray into Asia
LianBio, a Nasdaq-listed biotechnology company, has joined hands with MediRama Co., a South Korean clinical development firm, to help promis...
K-beauty makers focus on US as China business slows
South Korea’s major cosmetics makers are trying to lure more customers in North America as the K-beauty boom has been weakening in China, the ...
Samsung Bioepis’ SB12 shows same clinical effects as Alexion’s Soliris
Samsung Bioepis Co., a biopharmaceutical unit of Samsung Group, said its SB12, a proposed biosimilar to Alexion Pharmaceuticals Inc.’s rare bl...
Kids animation creator SAMG eyes IPO in H2
South Korea’s SAMG Entertainment Co., a media production firm well known for animation Mini Force, is aiming for listing on the secondary bour...
LG Chem to launch JV with China's Huayou Cobalt for battery materials
LG Chem Ltd. announced Tuesday it will set up a joint venture with Chinese mining company Zhejiang Huayou Cobalt Co. to secure a steady supply of ra...
Daewoong's Nabota approved for sale in Saudi Arabia, Ukraine
South Korea’s Daewoong Pharmaceutical Co. has obtained approval for the sale of its botulinum toxin product, Nabota, in Saudi Arabia and Ukrai...
Dongwon to adjust merger ratio under pressure from retail investors
Dongwon Group, South Korea’s leading seafood and logistics conglomerate, is changing the merger ratio of its two major affiliates, accepting a...
Hyundai Motor to take Korean ondol heating system to GV90
In the era of autonomous driving, the definition of the space inside a car is expanded into a moving living space, and Hyundai Motor Co. aims to tak...
Samsung SDS takes smart logistics platform Cello Square to China
Samsung SDS Co., the information technology service unit of Samsung Group, is taking its smart logistics platform, Cello Square, to China to offer l...
LG Display to drastically cut LCD output as Chinese rivals churn it out
LG Display Co., a major South Korean display panel maker, plans to drastically cut production of its liquid crystal display panels for TVs, as it fa...
Hyundai Motor, battery firms strive to limit China lockdown disruptions
The growing fears of a Beijing lockdown are prompting South Korea’s top automaker Hyundai Motor Co. and battery makers, already suffering from...
Korea consumption, facility investment down in March
South Korea’s consumption and capital expenditures fell last month although production rebounded, government data showed, indicating the momen...
Amorepacific delivers disappointing Q1 results as China sales slump
South Korea’s cosmetics giant Amorepacific Corp. on Thursday posted disappointing first-quarter sales and operating profit as revenue from Chi...
Black Desert by Pearl Abyss tops China app market
South Korean game developer and publisher Pearl Abyss announced Tuesday the mobile version of its cross-platform MMORPG Black Desert has claimed f...
S.Korean boiler manufacturers turn to overseas markets
Kyungdong Navien Co. revealed on Sunday that overseas sales account for more than 60% of its total sales on the back of strong exports to the United...
LG Household acquires The Crème Shop for US expansion
LG Household & Health Care Ltd. has acquired a controlling stake in The Crème Shop Inc. as it seeks to expand its presence in the US beau...
LG Energy-led group to set up $9 bn Indonesia battery value chain
A consortium led by LG Energy Solution Ltd., the global No. 2 electric vehicle battery maker, will invest $9 billion in a battery value chain in Ind...
