Samsung's Bespoke Qooker surpasses 200,000 units in sales

Samsung's Bespoke Qooker surpasses 200,000 units in sales

Samsung Electronics Co.'s Bespoke Qooker has exceeded cumulative sales of 200,000 units within two years since its launch.Bespoke Qooker is a vers...

Mirae Asset Global Investments buys Australian robo-advisor firm

Mirae Asset Global Investments buys Australian robo-advisor firm

South Korea's Mirae Asset Global Investments announced its acquisition of Stockspot, a prominent Australian robo-advisor specialist.In a statement r...

Staying 5 hours on cruise ship in Busan raises sales 30%: study

Staying 5 hours on cruise ship in Busan raises sales 30%: study

With the resumption of international cruise ship travel to South Korea, domestic credit card company BC Card says daily sales in commercial district...

Rebidding Notice of Share Sales in PT Bayan Resources Tbk

Rebidding Notice of Share Sales in PT Bayan Resources Tbk

Rebidding Notice of Share Sales in PT Bayan Resources Tbk I. Overview of sale 1. Sellers: Korea Southern Power Co., Ltd.(“KOSPO”), K...

Samsung raises $2.2 billion via ASML stake sale for chip investment

Samsung raises $2.2 billion via ASML stake sale for chip investment

Samsung Electronics Co., the world’s largest memory chipmaker, has sold 3.55 million shares in Dutch chip equipment maker ASML Holding N.V. fo...

Nomura says new shipbuilding orders peaked; Korean firms refute

Nomura says new shipbuilding orders peaked; Korean firms refute

Nomura Securities recently said global new shipbuilding orders likely peaked in 2022, slashing its stock recommendation rating on industry leader HD...

Korean C&R Research to set up US, Thai units for global biz

Korean C&R Research to set up US, Thai units for global biz

C&R Research Inc., South Korea’s top contract research organization (CRO), plans to establish units in the US and Thailand this year while...

Falling mineral prices to hit Korean battery materials makers

Falling mineral prices to hit Korean battery materials makers

South Korean battery materials makers are likely to report worsened profitability in the third quarter of this year as prices of lithium hydroxide a...

Hyundai's premium Genesis cars to break 1 million units in global sales

Hyundai's premium Genesis cars to break 1 million units in global sales

Genesis, the luxury car brand of Hyundai Motor Co., is on the verge of breaking the million mark in cumulative global sales this month in seven year...

KCGI Asset Management appoints former KIS head as new CMO

KCGI Asset Management appoints former KIS head as new CMO

South Korea’s KCGI Asset Management, formerly Meritz Asset Management, announced on Friday that it has hired Cho Won-bok, former division head...

Taihan Cable posts highest first-half operating profit in 20 years

Taihan Cable posts highest first-half operating profit in 20 years

South Korea's Taihan Cable & Solution Co. announced on Friday that its consolidated operating profit for the first half of this year reached 41....

S.Korea's Hanon Systems hits 'home run' with heat pump for EVs

S.Korea's Hanon Systems hits 'home run' with heat pump for EVs

Hanon Systems, a leading South Korean maker of automotive thermal management systems, posted surprising results in the second quarter in blowing awa...

Toss’ TADA sale back to square one; its mobility push faces setback

Toss’ TADA sale back to square one; its mobility push faces setback

Viva Republica Inc., South Korea’s fintech unicorn operating mobile financial platform Toss, is at a crossroads as its second attempt to sell ...

SK Square to buy back $152 mn of its stocks by March 2024

SK Square to buy back $152 mn of its stocks by March 2024

South Korean investment firm SK Square Co. will buy back 200 billion won ($151.9 million) worth of corporate shares by March of next year as an effo...

SK Pharmteco secures 12 global pharma clients, sets up US R&D center

 SK Pharmteco secures 12 global pharma clients, sets up US R&D center

SK Pharmteco Co., South Korean conglomerate SK Group’s contract development and manufacturing organization (CDMO), has secured 12 global pharm...

Korean lifestyle brand Andar takes on Xexymix in athleisure market

Korean lifestyle brand Andar takes on Xexymix in athleisure market

South Korea's activewear maker Andar posted record quarterly sales of 61.6 billion won ($47 million), moving one step closer to retaking the market ...

Carmakers in race for low-cost EVs amid tepid sales growth

Carmakers in race for low-cost EVs amid tepid sales growth

Global carmakers such as Volkswagen, Hyundai Motor Group and Stellantis N.V. are in a race to release cheaper electric vehicles with the entry price...

Hanjin KAL secures liquidity to keep chairman's control of firm

Hanjin KAL secures liquidity to keep chairman's control of firm

Hanjin KAL Corp., the holding firm of South Korean flag carrier Korean Air Lines Co., is actively raising money via bond issuances and sale of prope...

SK Telecom’s transition into AI company gains traction

SK Telecom’s transition into AI company gains traction

SK Telecom Co., South Korea’s leading telecom firm, reported solid earnings across the board in the second quarter, especially with steady gro...

Kia launches exclusive care service for EV9

Kia launches exclusive care service for EV9

South Korea's Kia Corp. announced on Tuesday that it will begin exclusive EV9 care services. The company will offer after-sale services throughout t...

Samsung leads Apple in smartphone sales, albeit less profitable

Samsung leads Apple in smartphone sales, albeit less profitable

Samsung Electronics Co. solidified its position as the world’s top smartphone vendor by volume in the second quarter, widening its sales gap w...

KDB girds up for Korean Air-Asiana deal collapse with Plan B

KDB girds up for Korean Air-Asiana deal collapse with Plan B

The state-run Korea Development Bank (KDB) is looking for alternative options to sell Asiana Airlines Inc. to prepare against a possible collapse of...

Heerim wins supervision contract for Vietnam's Long Thanh Airport

Heerim wins supervision contract for Vietnam's Long Thanh Airport

South Korea's Heerim Architects & Planners announced on Monday that it has signed a construction-phase supervision and advisory contract for the...

The North Face supplier Youngone hints at succession plan

The North Face supplier Youngone hints at succession plan

Youngone Corp., a South Korean outdoor clothing maker to global brands like The North Face and Patagonia, has given a clearer signal that Chairman...

Santa Fe, Sorento, Torres to lead mid-sized SUV sales war in Korea

Santa Fe, Sorento, Torres to lead mid-sized SUV sales war in Korea

Three leading South Korean automakers – Hyundai Motor Co., Kia Corp. and KG Mobility Corp. – are upping the ante in their fight to garne...

Ourhome strikes catering deal with Vietnam's FPT Education

Ourhome strikes catering deal with Vietnam's FPT Education

A prominent South Korean food service provider Ourhome Ltd. disclosed on Monday that it has penned a memorandum of understanding with FPT Education,...

Virtual human Lucy to sell Galaxy Z in live commerce

Virtual human Lucy to sell Galaxy Z  in live commerce

Lotte Home Shopping's virtual human Lucy expands her activities by selling The Galaxy Z Flip 5 and "Z Fold 5" on live commerce, following her attend...

Kakao to release super-large AI model, superapp

Kakao to release super-large AI model, superapp

Kakao Corp. on Thursday announced that it will transform South Korea’s dominant mobile messaging app KakaoTalk into an AI-powered platform com...

With long-gone heyday, Capro clings to stake sale for survival

With long-gone heyday, Capro clings to stake sale for survival

Once everyone’s darling but now an ugly duckling, Capro Co., South Korea’s sole maker of caprolactam, a nylon raw material, is despera...

Lotte Tour's Jeju Island casino hits record revenue in July

Lotte Tour's Jeju Island casino hits record revenue in July

South Korea’s Lotte Tour Development's Jeju-based casino saw record revenue in July thanks to an increased number of foreign tourists to the c...

LG Energy, GM’s JV Ultium Cells to retrofit Tennessee plant to produce LFP batteries KPop Demon Hunters OST lands at No.6 on Billboard Hot 100 K-beauty craze sends Olive Young online sales to new heights Hyundai Motor’s high-stakes gambit in US: Cut vehicle prices as rivals hike With waning MZ interest, is heyday over for S.Korea’s golf apparel market?