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...

Korean Air reports strongest performance ever in 2022

Korean Air reports strongest performance ever in 2022

Korean Air Lines Co. had its strongest performance ever in 2022, as it successfully cashed in on a thriving cargo business and a full recovery in pa...

S.Korea likely to suffer recession as Jan exports tumble

S.Korea likely to suffer recession as Jan exports tumble

South Korea is likely to head for a recession for the first time in three years as exports of Asia’s fourth-largest economy in January dropped...

SK Hynix to halve investment after posting first quarterly loss in decade

SK Hynix to halve investment after posting first quarterly loss in decade

SK Hynix Inc., the world’s second-largest memory chipmaker, said on Wednesday it will significantly slash its investment for this year after p...

SGC Solutions expands overseas sales channels for its brand Glasslock

SGC Solutions expands overseas sales channels for its brand Glasslock

South Korea's glassware maker SGC Solutions said Tuesday that it has signed a memorandum of understanding (MOU) with the Korea Small & Medium Bu...

SK Geo Centric receives int'l recognition for eco-friendly polymers

SK Geo Centric receives int'l recognition for eco-friendly polymers

SK Geo Centric Co., South Korea's chemical firm, has received the globally recognized "GRS" certification for its eco-friendly polymers, the company...

Samsung to advance solid-state battery output after record sales

Samsung to advance solid-state battery output after record sales

South Korea’s Samsung SDI Co. reported its largest-ever profit and revenue last year, which will drive its efforts to produce solid-state batt...

Kakao Mobility to pursue joint development with 4 major delivery services

Kakao Mobility to pursue joint development with 4 major delivery services

South Korea's transportation company Kakao Mobility on Monday said it concluded a "delivery service business agreement for joint development of the ...

Philip Morris, KT&G extend sales partnership to 2038

Philip Morris, KT&G extend sales partnership to 2038

KT&G Corp., the world's fifth-largest tobacco maker, has extended its sales partnership with US cigarette giant Philip Morris International Inc....

Korea’s SK E&S opens 1st US EV charging stations with Avis

Korea’s SK E&S opens 1st US EV charging stations with Avis

South Korea’s SK E&S Co. opened its first electric vehicle charging station in the US in a partnership with Avis Budget Group, a major Ame...

Samsung Biologics’ profit near doubles on strong orders

Samsung Biologics’ profit near doubles on strong orders

Samsung Biologics Co., the world’s top contract drugmaker, said its profit almost doubled last year thanks to more orders as its sales surged ...

KT&G refuses activist funds' call for ginseng biz spinoff

KT&G refuses activist funds' call for ginseng biz spinoff

KT&G Corp., the world’s fifth-largest tobacco maker, on Thursday refused activist funds' requests to spin off and list its ginseng unit wh...

Hyundai vows $8.5 billion investment after record 2022 sales, profit

Hyundai vows $8.5 billion investment after record 2022 sales, profit

South Korea’s top automaker Hyundai Motor Co. said on Thursday it will spend 10.5 trillion won ($8.5 billion) this year to ramp up facilities ...

SK Telecom, Doosan Robotics launch AI-powered barista

SK Telecom, Doosan Robotics launch AI-powered barista

South Korea's top mobile carrier SK Telecom Co. and Doosan Robotics Inc. have jointly launched an artificial intelligence-powered barista, SK Group'...

Celltrion Healthcare launches anti-cancer biosimilar Vegzelma in Japan

Celltrion Healthcare launches anti-cancer biosimilar Vegzelma in Japan

Celltrion Healthcare Co. Ltd. said on Thursday that it launched Vegzelma, a biosimilar to the anti-cancer drug Avastin (active ingredient: bevacizum...

Samsung Biologics CEO focuses on global business

Samsung Biologics CEO focuses on global business

John Rim, chief executive of Samsung BioLogics will directly lead his company's global sales operations for biopharmaceuticals through contract deve...

Korean tractor exports hit record high of $1.3 bn in 2022

Korean tractor exports hit record high of $1.3 bn in 2022

Exports of South Korean tractors hit a fresh record high for the second consecutive year in 2022, according to Korea Customs Service on Jan. 24. Kor...

SK Hynix unveils industry’s fastest mobile DRAM chip LPDDR5T

SK Hynix unveils industry’s fastest mobile DRAM chip LPDDR5T

SK Hynix Inc., the world’s second-largest memory chipmaker, said on Wednesday it has developed the world’s fastest mobile DRAM chip and ...

Hyundai Motor sells 1 mn electric vehicles worldwide

Hyundai Motor sells 1 mn electric vehicles worldwide

In 11 years since Hyundai Motor Group started selling electric vehicles (EVs), the cumulative sales volume of EVs in the global market has finally s...

Poongsan’s sale of ammunition, artillery shells surges on Ukraine war

Poongsan’s sale of ammunition, artillery shells surges on Ukraine war

Poongsan Corp., one of South Korea’s leading copper smelters and defense equipment makers, saw its sales of ammunition and artillery shells su...

Carrier’s Korea JV aims to raise sales with cold chain biz

Carrier’s Korea JV aims to raise sales with cold chain biz

Carrier Global Corp.’s joint venture in South Korea aims to ramp up sales with the cold chain business, the series of actions and equipment ap...

K-pop label SM taps activist investor as board member

K-pop label SM taps activist investor as board member

K-pop behemoth SM Entertainment Co. said on Jan. 20 it has decided to tap Lee Chang-hwan, the CEO of local activist fund Align Partners Capital Mana...

Kia Sportage selected Family SUV of Year by UK auto journal

Kia Sportage selected Family SUV of Year by UK auto journal

Kia Corp. said on Friday that its sport utility vehicle (SUV) Sportage has been named Family SUV of the Year by the British automotive magazine What...

ST Pharm exports $14.6 mn worth of drug ingredients to Europe

ST Pharm exports $14.6 mn worth of drug ingredients to Europe

ST Pharm Co., a South Korean company specializing in contract development and manufacturing of drug ingredients, has signed a supply contract worth ...

Genie's overseas sales of music sources surge with K-pop boom

Genie's overseas sales of music sources surge with K-pop boom

Genie Music Corp., a music content distributor of South Korean telecommunication giant KT Corp., said on Jan. 19 that its overseas sales of music so...

SK On, graphite processor Urbix to jointly produce anode materials

SK On, graphite processor Urbix to jointly produce anode materials

South Korea's SK On Co. and US graphite processor Urbix Inc. have signed an agreement to jointly develop high-performance anode materials, Korea's l...

Epikar inks MOU with Singapore's NTU Research Center

Epikar inks MOU with Singapore's NTU Research Center

South Korea's auto distribution digital solutions company Epikar said on Wednesday that it has signed a memorandum of understanding (MOU) for R&...

SK E&S moves into EV charging market

SK E&S moves into EV charging market

South Korea's liquefied petroleum gas supplier SK E&S said on Wednesday that its subsidiary Parking Cloud will begin electric vehicle charging s...

Woori Financial to acquire VC firm Daol Investment

Woori Financial to acquire VC firm Daol Investment

South Korea’s Woori Financial Group is set to acquire Daol Investment Co., a venture capital arm of the liquidity-strapped Daol Financial Grou...

SK Innovation-invested Amogy tests ammonia-powered heavy truck

SK Innovation-invested Amogy tests ammonia-powered heavy truck

Amogy Inc. has successfully tested its ammonia-hydrogen power system for large-size semi trucks – the first time that ammonia has been used as...

With waning MZ interest, is heyday over for S.Korea’s golf apparel market? LG links up with Chinese rivals for budget appliance supremacy Mercedes opens world’s 1st Maybach flagship center in Seoul Blackpink's new single Jump tops Spotify daily chart K-content goes cultural: KPop Demon Hunters sparks heritage K-goods craze