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Leadership & ManagementSamsung’s Lee to spur M&As, new growth with ‘lost decade’ behind him
Cleared of wrongdoing charges that shackled his leadership for years, Samsung Group leader Jay Y. Lee now will actively seek mer...
Feb 05, 2024 (Gmt+09:00)
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Shipping & ShipbuildingHyundai Glovis, KOBC sign deal for car carriers
Hyundai Glovis Co. and Korea Ocean Business Corporation (KOBC) announced on Monday that they will sign a business agreement on...
Feb 05, 2024 (Gmt+09:00)
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Leadership & ManagementSamsung’s Lee cleared of charges over Samsung C&T merger
The Seoul Central District Court on Monday acquitted Samsung Electronics Co. Chairman Jay Y. Lee of charges of being involved in...
Feb 05, 2024 (Gmt+09:00)
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Real estateSeoul aims to turn Yongsan IBD into world’s largest 'vertical' city
The Seoul Metropolitan Government plans to turn an abandoned train maintenance depot in the central district of Yongsan into the...
Feb 05, 2024 (Gmt+09:00)
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EarningsSK Telecom gears up for AI leap in 2024
SK Telecom Co., South Korea’s largest mobile carrier, will expedite its transition into an artificial intelligence company...
Feb 05, 2024 (Gmt+09:00)
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ElectronicsLG unveils new stick vacuum cleaner with 20% less weight
LG Electronics Inc. released the cost-effective wireless vacuum cleaner LG CordZero A9 Air on Monday, reducing product weight ...
Feb 05, 2024 (Gmt+09:00)
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Sovereign bondsKIC posts 11.6% return for 2023 amid tech stock boom
Sovereign wealth fund Korea Investment Corporation (KIC) posted an 11.6% return for last year, driven by strong gains on listed ...
Feb 05, 2024 (Gmt+09:00)
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Cloud computingNaver Cloud, NHN Cloud to co-work for hyperscale AI
South Korea's Naver Cloud, the cloud computing unit of Naver Corp., and NHN Cloud Corp., announced on Monday that they have sign...
Feb 05, 2024 (Gmt+09:00)
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AutomobilesHyundai Motor mulls India unit IPO to raise $3 bn
Hyundai Motor India is in the early stages of talks to go public later this year to raise at least $3 billion, Reuters reported ...
Feb 05, 2024 (Gmt+09:00)
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Bio & PharmaAprogen gets OK Phase 3 trials in India for Herceptin biosimilar
South Korea’s biopharmaceutical company Aprogen Inc. announced on Monday that its Phase 3 clinical trial for a biosimilar ...
Feb 05, 2024 (Gmt+09:00)
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Beauty & CosmeticsCosmax opens integrated R&D center for bio-material
Cosmax Group, South Korea's largest cosmetics manufacturer specializing in original design manufacturing (ODM), announced on M...
Feb 05, 2024 (Gmt+09:00)
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Korean startupsKorea needs sustainable ecosystem for startup accelerators
South Korea needs to create a “sustainable ecosystem” to nurture influential startup accelerators like US tech start...
Feb 05, 2024 (Gmt+09:00)
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AutomobilesHyundai Motor to expand into secondhand EV market
Hyundai Motor Co. will expand its certified secondhand car business into electric vehicles (EVs) to increase the range of used v...
Feb 05, 2024 (Gmt+09:00)
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SteelKorean steelmakers to raise prices further
South Korea’s top steelmaker POSCO Holdings Inc. and its domestic peers are poised to raise product prices further to cut ...
Feb 05, 2024 (Gmt+09:00)
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Carbon neutralitySamsung gets global carbon reduction certification for TV
Samsung Electronics Co. announced on Monday that its eight product series in 2024 Neo QLED 4K and 8K, OLED, and The Frame line...
Feb 05, 2024 (Gmt+09:00)