Coupang to raise membership fees, 1st hike in over 2 years
Coupang Inc., South Korea’s largest e-commerce platform, said on Friday it will raise membership fees 58.1% to 7,890 won ($5.7) per month as i...
LG Elec, Microsoft, GE to collaborate for smart hospital
LG Electronics Inc. announced on Thursday that it signed a memorandum of understanding (MOU) with GE Healthcare Korea and Microsoft (MS) Korea to co...
As many as one in 10 residents in South Korea likely to be foreign by 2042
The number of foreign residents in South Korea is expected to rise steadily in the coming years to account for up to 10.1% of the country’s to...
Won at 17-month low vs dollar on reduced US rate cut bets
The Korean won weakened to its lowest level in 17 months against the dollar on Thursday, after stronger-than-expected US inflation data dented hopes...
Kumho Tire to supply premium tires to Jeep, Peugeot in Korea
Kumho Tire Co., South Korea’s No. 2 tire maker, announced on Tuesday that it will supply tires to 33 official service centers nationwide for J...
Carlyle’s Rubenstein sees commercial real estate undervalued
The US commercial real estate market is undervalued relative to other sectors amid elevated interest rates, while Big Tech stocks could take a breat...
Korean firms' bond sales hit record in Q1 amid rate cut signal
Corporate bond issuance in South Korea hit a record in the first quarter of this year amid growing expectations of the Federal Reserve’s rate ...
LG Electronics logs record-high revenue in Q1 on B2B push
LG Electronics Inc. raked in its largest-ever quarterly revenue in the first quarter of this year, maintaining upward momentum after a stellar 2023,...
Ably launches virtual fitting AI service
South Korean fashion commerce platform Ably Corp. announced on Friday that it launched a new service The Shopping Mall-Specific Artificial Intellige...
Wavve to enter European, Oceanian OTT markets
South Korea's over-the-top (OTT) platform company Wavve announced on Wednesday that it plans to enter European and Oceanian OTT markets through it...
Chanel to open after-sales service center in Seoul
French luxury label Chanel is planning to open a dedicated after-sales service center in South Korea, one of the world’s largest markets for h...
Hyundai Motor regains AAA credit rating after 4 years
Hyundai Motor Co. regained its top AAA credit rating for the first time since the end of 2019.NICE Investors Service on Tuesday upgraded Hyundai Mot...
Fed rate cuts will be faster than market consensus: TCW
Investors tend to rush to fixed-income markets when recession risk rises. South Korean investors are no exception – retail investors have been...
Korea’s rate cut hope wanes with inflation above 3% in March
South Korea’s headline inflation stayed above 3% for two straight months in March on a surge in fruit and vegetable prices coupled with higher...
LG Electronics unveils UltraGear OLED gaming monitors
LG Electronics Inc. announced on Monday that it unveiled LG UltraGear gaming monitors that can switch resolution and refresh rate according to conte...
Hyundai Globis wins long-term LNGC charter in Qatar
South Korea's Hyundai Glovis Co. announced on Monday that it has won a long-term charter for four liquefied natural gas carriers (LNGC) from QatarEn...
Wrtn opens free AI search service
South Korea's advanced tech startup Wrtn Technologies, a major player in generative artificial intelligence (AI), opened its free and unlimited AI s...
LG CNS to lead digital transformation at FPT in Vietnam
LG CNS Co., an information technology service company under South Korean conglomerate LG Group, will lead the digital transformation of FPT Group, a...
Hyundai to nearly double ultra-fast EV chargers by 2024
Hyundai Motor Group is set to increase its ultra-fast electric vehicle chargers across South Korea from current 286 to 500 by next year, the auto gi...
E-Mart's credit rating drops on weak retail earnings
The credit rating of E-Mart Inc., South Korea’s top hypermarket chain operator, was downgraded to AA- by local agency NICE Information Service...
Korean savings banks swing to loss after 9 years
South Korea’s savings banks turned to the red after nine years in 2023 as they put aside heavy reserves on future loan losses, with their loan...
Hanwha Hotels & Resorts credit rating upgrades to A-
South Korea's Hanwha Hotels & Resorts announced on March 21 that Korea Ratings and Korea Investors Service elevated the company's corporate bond...
Naver, named 3rd most innovative company in the Asia-Pacific
South Korea’s online giant Naver Corp. ranked as the third most innovative company in the Asia-Pacific by a top US business magazine for the p...
Daishin to sell its headquarters at $493 mn to NH-Amundi
South Korea’s Daishin Securities Co. is set to sell its headquarters office to NH-Amundi Asset Management Co. for 660 billion won ($492.6 mill...
BNK Capital raises $41.5 mn in foreign currency
South Korea’s BNK Capital announced on Monday that it raised $41.5 million in foreign currency funds from overseas state-owned banks.This is...
Premium children's brands buck falling birth rate in Korea
Premium children's clothing and food brands have bucked the economic slowdown in a country grappling with the world’s lowest birth rate as Sou...
Coupang launches direct purchase service to Japan
Coupang Inc., South Korea's leading e-commerce platform, announced on Monday that it is expanding its overseas direct purchase service, "Rocket Jikg...
Kia streamlines global sales service for EV transition
Kia Corp., a South Korean carmaker under Hyundai Motor Group, has drastically reorganized its global after-sales service operations to offer more sy...
Korea’s inflation rebounds, BOK to keep interest rates in H1
South Korea’s headline inflation rebounded in February from a six-month low on higher prices of oil and agricultural products, adding to expec...
LG Energy accelerates EV battery swapping services
Kooroo, the first in-house venture of the world’s second-largest electric vehicle battery maker LG Energy Solution Ltd., said on Tuesday it is...
