S.Korea to support firms to offset damage of Ukraine crisis

S.Korea to support firms to offset damage of Ukraine crisis

South Korea is set to provide financial support of up to $1.7 billion to exporters in a move to minimize the impact of the escalating crisis in Ukra...

LG Energy faces reality check as its stock turns a market laggard

LG Energy faces reality check as its stock turns a market laggard

South Korean battery maker LG Energy Solution Ltd. was touted as a market darling even before its Kospi debut last month, reflecting the investor fr...

Skincare giant Cosmax adds pet care line

Skincare giant Cosmax adds pet care line

South Korea’s beauty products manufacturer Cosmax Inc. has entered the rapidly growing pet products market.The company specializes in receiv...

China’s Geely challenges Hyundai with entry to Korea’s e-truck market

China’s Geely challenges Hyundai with entry to Korea’s e-truck market

China’s largest privately owned carmaker Zhejiang Geely Holding Group Co. is entering South Korea’s electric truck market to compete wit...

LG Electronics to pull out of solar panel market

LG Electronics to pull out of solar panel market

South Korea's LG Electronics Inc. said on Wednesday it has decided to close its solar panel business in the face of deepening competition and sluggi...

Korean battery sector to heat up IPO market again

Korean battery sector to heat up IPO market again

South Korea’s battery industry is expected to heat up the initial public offering market later this year as battery materials and equipment ma...

K-beauty vegan rebel Dear Dahlia in Paris' Galeries Lafayette

K-beauty vegan rebel Dear Dahlia in Paris' Galeries Lafayette

South Korean cosmetics brand Dear Dahlia successfully opened a boutique in Europe’s largest department store in 2019 – just two years ...

Hyundai Mobis to spend $6.7 bn in future mobility, hike shareholder return

Hyundai Mobis to spend $6.7 bn in future mobility, hike shareholder return

South Korea’s largest auto parts maker Hyundai Mobis Co. plans to spend up to 8 trillion won ($6.7 billion) over the next three years on its f...

88% of Korean LPs want speedy capital deployment

88% of Korean LPs want speedy capital deployment

Asset managers' track record and risk management are the most important factors for South Korean major limited partners when considering new partnersh...

Chicken startup shakes up crowded market with robotic arms

Chicken startup shakes up crowded market with robotic arms

Preparing fried chicken requires a simple, but laborious process: Placing pieces of chicken on dough and frying powder; putting them into an iron ba...

SK On aims to dominate global battery market by 2030

 SK On aims to dominate global battery market by 2030

SK On Co. is on track to become the world’s No. 1 battery maker by 2030, the company said on Sunday. During an interview with the in-ho...

Samsung, LG dominate global TV market with premium models

Samsung, LG dominate global TV market with premium models

South Korea’s two home appliances giants – Samsung Electronics Co. and LG Electronics Inc. – dominated the global TV markets last ...

Samsung SDS joins hands with Amazon for global cloud business

Samsung SDS joins hands with Amazon for global cloud business

Samsung SDS Co., South Korea’s information technology service company, is set to expand its global cloud service business in cooperation with ...

APG urges Samsung, other Korean carbon emitters to take action

APG urges Samsung, other Korean carbon emitters to take action

Europe’s largest pension fund manager APG has urged Samsung Electronics Co. and nine other major South Korean companies to drastically cut the...

LG Energy acquires ESS company in US from Japan's NEC

LG Energy acquires ESS company in US from Japan's NEC

LG Energy Solution Ltd. has acquired US-based NEC Energy Solutions to expand its capabilities into the energy storage system (ESS) integration mar...

NCSoft's 2021 profit halves on labor, marketing costs

NCSoft's 2021 profit halves on labor, marketing costs

South Korea's NCSoft Corp., the publisher of the popular mobile game Lineage series, on Tuesday reported a worse-than-expected operating profit in 2...

PI Advanced up for sale in deal estimated at $1 bn

PI Advanced up for sale in deal estimated at $1 bn

Seoul-based Glenwood Private Equity is putting a majority stake in South Korea's PI Advanced Materials Co., the world's largest polyimide (PI) film ...

Samsung regains top spot in SE Asia smartphone market

Samsung regains top spot in SE Asia smartphone market

Samsung Electronics Co. outpaced Chinese rival Oppo last year to regain the top spot in the smartphone market in four major Southeast Asian countrie...

Hyundai Steel supplies high-strength steel for Genesis G80 EV, G90

Hyundai Steel supplies high-strength steel for Genesis G80 EV, G90

Hyundai Steel Co. is supplying its newly developed ultra-high-strength steel sheets for car bodies to Hyundai Motor Co. for its electric vehicles an...

POBA taps former DB Insurance investment head as new CIO

POBA taps former DB Insurance investment head as new CIO

Public Officials Benefit Association (POBA) of South Korea has named Huh Jang, former head of investment at DB Insurance Co. as its new chief inve...

Korean VCs bet big on pet care startups

Korean VCs bet big on pet care startups

Startups in the pet industry are gaining traction on the back of a rising number of pet owners in South Korea. Industry insiders say several pe...

Nuvilab uses the latest tech to tackle age-old issue of food waste

Nuvilab uses the latest tech to tackle age-old issue of food waste

South Korea’s food data analysis firm Nuvilab, Inc. is not a household name – at least yet. The startup is rather familiar to investors...

Hyundai to take fresh crack at Japan market with online EV sales

Hyundai to take fresh crack at Japan market with online EV sales

TOKYO – Hyundai Motor Co. is reentering the Japanese car market after a 12-year hiatus with its latest electric vehicles, as the growing deman...

Korea’s reopening stocks shine despite surging Omicron cases

Korea’s reopening stocks shine despite surging Omicron cases

South Korea’s reopening stocks rallied even as the local COVID-19 cases hit record-highs with the spread of the Omicron variant. Investors rai...

LG Energy to spend $1.7 bn to hike Michigan battery capacity fivefold

LG Energy to spend $1.7 bn to hike Michigan battery capacity fivefold

The world’s second-largest electric vehicle battery maker LG Energy Solution Ltd. is spending $1.7 billion to expand its battery production ca...

Kakao to launch webtoon service Piccoma in France

Kakao to launch webtoon service Piccoma in France

Kakao Corp. announced Sunday that it plans to launch the European version of its webtoon subscription service in either April or May of this year....

The Korea Economic Daily's index set for ETF market debut

The Korea Economic Daily's index set for ETF market debut

Exchange-traded funds (ETFs) have been solidifying their position in the investment market of Korea for the past years. Individual investors in Sout...

Game developers rush to launch their own digital coins

Game developers rush to launch their own digital coins

South Korea’s game developers are in a tight race to create their own digital tokens and to build viable ecosystems that utilize these cryptoc...

Krafton invests $5.4 mn in India’s sports game studio

Krafton invests $5.4 mn in India’s sports game studio

Krafton Inc. said it invested $5.4 million in India’s mobile game development studio Nautilus Mobile as the South Korean producer of PlayerUnk...

Hyundai, Kia post record US car sales as Japanese firms struggle

Hyundai, Kia post record US car sales as Japanese firms struggle

Hyundai Motor Co. and Kia Corp., the two automaking units of Hyundai Motor Group, saw their combined auto sales in the US rise to their highest leve...

K-content goes culture: KPop Demon Hunters sparks K-goods craze POSCO supplies HIC-resistant steel for Aramco’s Fadhili gas plant Samsung supplies newest nanoprism image sensors to Xiaomi to crack Sony’s lead Google Maps, Blackpink fans’ must-have item for Deadline World Tour South Korea’s Lee completes cabinet lineup with IT executive, lawmaker