Indonesia’s slashed EV tax to boost Hyundai’s IONIQ 5 sales

South Korea’s top automaker Hyundai Motor Co. is expected to enhance its presence in Indonesia, which has drastically reduced its value-added ...

Tesla Korea’s profit, sales fall on new subsidy plans, lack of models

Tesla Inc.’s South Korean business has been worsening in recent months due to the lack of new models launched in the country amid Seoul’...

Interpark's airline ticket sales exceed $120 mn in March

South Korea’s online retail platform Interpark Corp. has reported its airline ticket sales in March jumped 281% compared to the same period la...

HD Hyundai Infracore targets Middle East and African markets with new brand Develon

HD Hyundai Infracore (formerly Hyundai Doosan Infracore Co.), a South Korean construction equipment maker, has ventured into the Middle East and Afr...

Hanwha heir apparent named senior advisor at US energy investor

Hanwha Group Vice Chairman Kim Dong-kwan, the heir apparent of the South Korean energy-to-defense conglomerate, has been named a senior advisor at S...

LG Elec sees steady 2023 sales to widen gap with Whirlpool

LG Electronics Inc. expects sales of its home appliances division, the key cash cow of the South Korean company, to remain steady at 30 trillion won...

Samsung Galaxy S23 sales beat S22, enticing MZers

The Galaxy S23 series of Samsung Electronics Co. smartphones have beaten their predecessor Galaxy S22 smartphones in sales volume, less than two mon...

S. Korea's Orion sees brisk sales growth in Vietnam, Russia

South Korea's confectionary giant Orion Corp. has seen brisk sales growth this year, pushing out rival CJ CheilJedang Corp. to solidify its dominanc...

Kia steps up electrification efforts with higher sales targets

Kia Corp., under South Korea’s Hyundai Motor Group, is gearing up to produce even more electric and other eco-friendly vehicles in the coming ...

SK Telecom's integrated tech links QCC networks

South Korea's SK Telecom Co. on Wednesday said it developed a technology that virtualizes and connects quantum cryptography and communication (QCC) ...

ETRI’s drone communication tech is selected as international standards

South Korean researchers have developed international standards for drone communication, solving the problem of drones being unable to exchange info...

Hyundai’s Chung urges US operations to double down after record Q1

Hyundai Motor Group Chairman Chung Euisun on Tuesday urged its US operations to work harder after its two automaking units, Hyundai Motor Co. and Ki...

Hyundai Motor to emerge as Korea’s highest earner, beating Samsung

Hyundai Motor Co. will likely emerge as South Korea’s top profit maker in the first quarter, driven by robust sales of pricey cars, pushing pa...

LG Display to focus on automotive screens for turnaround

LG Display Co., the world’s top manufacturer of large-size organic light-emitting diode (OLED) panels, is set to focus on the automotive scree...

WRC-approved longest-distance golf ball ATTOMAX on sale in Korea

ATTOMAX golf balls approved by the World Record Committee (WRC) as the longest-flying golf balls in the world finally hit the South Korean market on...

Korean Dongkuk opens 2nd Mexican color-coated steel plant

Dongkuk Steel Mill Co. opened its second color-coated steel plant in Mexico as South Korea’s third-largest steelmaker aims to expand its prese...

S.Korean carbon trading company EcoEye seeks listing

South Korean carbon credit trading company EcoEye Co. is preparing for an initial public offering, poised to be the first listing of a firm in the s...

EcoPro’s cathode material sales to Samsung more than treble

EcoPro Group, South Korea’s leading battery materials producer, raked in more than 3 trillion won ($2.4 billion) in sales from its largest cus...

Domestic duty-free sales surpass 1 trillion won in February

Domestic duty-free sales in South Korea increased by 36.7% in February compared to the previous month, due to the resumption of short-term visas for...

Samsung's laptop Galaxy Book 3 sees 250% sales growth from predecessor's

Samsung Electronics Co.’s premium laptop PC series Galaxy Book 3 is a global hit since its release last monthIts reception has grown so high t...

S.Korea's ST Pharm supplies $49 mn worth of APIs to European drug firm

ST Pharm Co., a South Korean pharmaceutical firm, announced on Thursday that it had entered into an agreement to supply oligonucleotides to an undis...

SK Telecom establishes 5G open RAN indoor demonstration network

South Korean telecom giant SK Telecom Co. has established a 5G open RAN indoor demonstration network at its Bundang headquarters, according to an an...

Kakao Mobility buys UK ride-hailing startup Splyt for global biz

South Korea’s Kakao Mobility Corp. said on Wednesday it has acquired the British ride-hailing startup Splyt, marking the first overseas takeov...

Samsung sets ambitious sales target for home appliances

Samsung Electronics Co. has beefed up its lineup of premium Bespoke home appliances with improved energy efficiency, artificial intelligence-enabled...

LG Elec, Bayada strengthen cooperation on home care medical devices

LG Electronics Inc. announced on Tuesday that it had signed a business agreement with Bayada Home Healthcare, a US-based company specializing in hom...

POSCO Future M to spend $300 million on NCA cathode plant in Pohang

South Korea's battery component maker POSCO Future M, formerly POSCO Chemical, on Tuesday said it will build its first plant solely for cathode mate...

Samsung's foundry sales nearly match DRAM revenue

Contract chipmaking sales at Samsung Electronics Co. nearly matched its DRAM chip revenue in the final quarter of last year, narrowing their sales g...

Sales of state-sponsored Korean startups up 40% in 2022

South Korean startups sponsored by the government’s information and communication technology acceleration program, dubbed K-Global Project, sa...

LG Electronics showcases new products in Dubai

LG Electronics Inc. held a two-day event in Dubai to unveil its latest products and solutions for the Middle East and African markets.The South Kore...

Eastar Jet to add 7 airplanes with aim to rake in $111.2 mn in 2023 sales

Eastar Jet Co., a South Korean low-cost airline, will expand its fleet to 10 aircraft this year to resume flight services at home and abroad about t...