VC firms rake in profit of up to 6 times principal from Raemongraein

Venture capital firms that invested in media production company Raemongraein Co. raked in significant profit from the surge in popularity of the TV ...

LS Cable & System Asia expands cable production capacity in Vietnam

LS Cable & System Asia said on Thursday that it has invested 6.8 billion won in its Vietnamese subsidiary LS Cable & System Vietnam to compl...

POSCO’s Pohang workers to leave umbrella steel union group

One of two labor unions at Korea’s largest steelmaker POSCO will leave its umbrella group, the Korean Metal Workers’ Union (KMWU), follo...

Samsung Foundry: Driving force behind digital transformation

As the contract chip manufacturing, or foundry, business is quickly emerging as the next battlefield for the world’s major chipmakers, The Korea...

Jeju Samdasoo enters India, ships 45 tons of mineral water

South Korea’s leading bottled mineral water brand Jeju Samdasoo has begun exports to India, shipping 45 tons of the water there from the resor...

Hyundai, Daewoo sign Turkmenistan fertilizer plant deals

South Korea’s Hyundai Engineering Co. and Daewoo Engineering & Construction Co. are likely to win orders to build fertilizer plants in Tur...

Vuno's AI-powered fundus reading solution approved for sale in Taiwan

Vuno Inc., a South Korean artificial intelligence-powered medical solutions provider, said on Tuesday that Vuno Med-Fundus AI has received marketing...

Enchem to more than double electrolyte production in US

South Korea’s electrolyte maker Enchem Co. said Monday it aims to expand its annual production capacity in the US to 300,000 tons by 2026 to m...

SK picglobal builds DPG-only production facility 

SK picglobal, a joint venture between SKC's chemical division and a subsidiary of the Kuwait Petroleum Corporation (KPC) named PIC, have built a pla...

HanmiGlobal lands series of orders from Saudi's Neom city project

HanmiGlobal Co. on Monday said it has earned contracts for the construction and development of Neom, the urban development project seeking to build ...

LG HelloVision, S-1 to jointly enter home security market

South Korea's cable TV provider LG HelloVision and security company S-1 Corp.  announced they will jointly develop a home-based platform using ...

Hanwha Q CELLS to join EU project for cutting-edge solar batteries

Hanwha Q CELLS Co. on Thursday said it will join an R&D project for next-generation solar cells that has received 15 million euros (around 20 bi...

Korean refiners eye strong 2022 earnings as margins improve

Asia’s benchmark refining margin is staging a rebound, providing relief for South Korea’s oil companies, which now expect their full-yea...

Korea's SK Inc. revs up power semiconductor value chains via M&As

SK Inc., the investment arm of South Korea’s second-largest conglomerate SK Group, is ramping up its value chain of third-generation semicondu...

GM Korea to shut one production line to focus on small cars

General Motors Co. plans to shut down a production line in South Korea as the US automaking giant aims to focus on manufacturing small cars in the c...

Lotte to replace construction unit CEO due to liquidity crisis

Lotte Group will replace the head of its construction unit, hit by a liquidity crisis stemming from project financing, to ease investor concerns ove...

SK Lubricants rebrands with name change as SK Enmove

SK Lubricants Co., the world’s leading lube base oil supplier, said on Sunday it will be rebranded as SK Enmove Co. on Dec. 1.The new name com...

YouGov ranks Samsung Elec. as world's top brand, ahead of Google

Samsung Electronics Co. is the world’s top brand with a score of 127, according to research firm YouGov’s Global Best Brand Rankings for...

Eugene Group, Stonebridge Capital mull logistics firm Mesh acquisition

South Korean conglomerate Eugene Group, one of the largest construction materials suppliers in the country, is planning to acquire local logistics c...

FTX implosion disrupts interest issuance by GOPAX product

The implosion of the Bahamas-based crypto exchange FTX is causing ripple effects around the world, and South Korea is no exception.Seoul-based cry...

Samsung, LG products sweep CES 2023 innovation awards

South Korea’s two largest home appliance makers – Samsung Electronics Co. and LG Electronics Inc. – have swept a record number of ...

LG Elec to launch total care service for home appliances

LG Electronics Inc., the world’s top home appliance maker, is launching a total care service for products in South Korea to enhance after-sale...

Pulmuone to double pasta production in China by expanding plant

South Korea's food giant Pulmuone on Monday said it will boost production of pasta-based convenience food in China by expanding its first plant in P...

SK Nexilis develops copper foil for cylindrical batteries

South Korea's SK Nexilis, a maker of copper foil for secondary cells under SKC Inc., has achieved a world first with its development of a highly elo...

Hyundai Glovis signs $796 million shipping deal with global automaker

Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, said on Friday it has clinched a 1.05 trillion won ($796 million)...

Korean construction firms boost Saudi Arabia presence with megaprojects

RIYADH – South Korean firms are accelerating their efforts to win construction projects from Saudi Arabia as the Middle East’s largest e...

Hyundai E&C unveils 1st designs for Korean-made UAM vertiports

South Korea's Hyundai Construction and Engineering (E&C) has unveiled for the first time its concept designs for the urban air mobility (UAM) in...

Korea's Lotte Mart and Lotte Super combine product sourcing

South Korea's Lotte Mart and Lotte Super will break away from the formats of hyper- and supermarkets and jointly raise the competitiveness of grocer...

LG, Altair build AI-powered validation platform for automotive parts

LG Electronics Inc., an industry frontrunner in applying artificial intelligence to home appliances, said on Wednesday it has joined forces with Alt...

Korea's kimchi maker Daesang to build factory in Europe

South Korea's Daesang Corp. plans to build a kimchi factory in Poland as an outpost for entering the European market, where Korean food is hotter th...