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Food & BeverageLotte Wellfood eyes merger with trading arm; firms indecisives
South Korea’s Lotte Corp. is considering a merger of its confectionery unit Lotte Wellfood Co. and agricultural product tr...
Aug 06, 2024 (Gmt+09:00)
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AutomobilesHyundai Motor mulls connected car partnership with Google
Hyundai Motor Group is accelerating its efforts to join hands with global tech companies to advance its future mobility technolo...
Aug 06, 2024 (Gmt+09:00)
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SteelSIMPAC, Brazil's RIMA to set up ferrosilicon joint venture
SIMPAC Inc., a South Korean ferroalloy producer, said on Monday that it will establish a joint venture with Brazilian silicon al...
Aug 06, 2024 (Gmt+09:00)
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EarningsSK Telecom logs higher quarterly profit on AI, lower costs
SK Telecom Co., South Korea’s top mobile carrier, reported a higher quarterly profit as its cost-cutting and strong artifi...
Aug 06, 2024 (Gmt+09:00)
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E-commerceKorean e-commerce startup funding sharply drops since 2022
South Korean e-commerce companies have seen a sharp decline in series A funding over the past three years amid intensifying comp...
Aug 06, 2024 (Gmt+09:00)
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Korean stock marketSouth Korean stocks rebound but still on rollercoaster
South Korean stocks on Tuesday recouped some of their hefty losses caused by the previous day's global panic selling after finan...
Aug 06, 2024 (Gmt+09:00)
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EnergySK Gas delays $1 bn combined cycle power plant operation
SK Gas Ltd., South Korea’s No. 1 liquefied petroleum gas (LPG) distributor, has postponed the commercial operation of its ...
Aug 06, 2024 (Gmt+09:00)
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Banking & FinanceHI Investment & Securities changes its name to iM Securities
HI Investment & Securities Co. was rebranded as iM Securities after it held an extraordinary shareholders' meeting at its he...
Aug 06, 2024 (Gmt+09:00)
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Korean chipmakersSamsung produces thinnest low-power DRAM for AI mobile devices
Samsung Electronics Co., the world’s top memory chipmaker, has begun mass production of the industry’s thinnest low-...
Aug 06, 2024 (Gmt+09:00)
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Beauty & CosmeticsSouth Korean beauty device makers bulk up through M&As
South Korean beauty device manufacturers are aggressively pursuing mergers and acquisitions both at home and abroad to expand th...
Aug 06, 2024 (Gmt+09:00)
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Bio & PharmaCelltrion's Zymfentra joins US insurance-covered drug lists
South Korean biosimilar maker Celltrion Inc. said on Monday that its subcutaneous injection formulation for autoimmune diseases,...
Aug 06, 2024 (Gmt+09:00)
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BatteriesHyundai Glovis, Huayou join hands for EV battery recycling
Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, has teamed up with a unit of China’s Zh...
Aug 06, 2024 (Gmt+09:00)
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AirlinesLow-cost carrier Fly Gangwon rebranded as Parata Air
South Korea's low-cost carrier (LCC) Fly Gangwon, based in Gangwon Province, has rebranded itself as Parata Air and is embarking...
Aug 06, 2024 (Gmt+09:00)