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Mergers & AcquisitionsHD Hyundai seeks to acquire Leeyoung to prepare for shipbuilding boom
South Korea’s HD Hyundai Heavy Industries Co. is seeking to acquire Leeyoung Industrial Machinery Co., a domestic shipbuil...
Sep 30, 2024 (Gmt+09:00)
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EconomyKorea’s finance min, central bank chief to take on demographic crisis
South Korea’s finance minister and central bank chief on Monday agreed to address the world’s lowest fertility rate,...
Sep 30, 2024 (Gmt+09:00)
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ElectronicsLG NOVA hosts Innovation Festival in US
LG Electronics Inc. 's North American Innovation Center (LG NOVA) said on Monday that it held an Innovation Festival last Wednes...
Sep 30, 2024 (Gmt+09:00)
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PetrochemicalsSambark LFT rebranded as Lotte Engineering Plastics
Sambark LFT Co., a plastic materials producing unit of Lotte Chemical Corp., has changed its name to Lotte Engineering Plastics ...
Sep 30, 2024 (Gmt+09:00)
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Asset managementWealthy Koreans look to Indian equities as 'next China' investment
First, it was the US that attracted many South Korean investors looking for higher returns.And then came China, which ensnared K...
Sep 30, 2024 (Gmt+09:00)
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Shareholder valueNaver to retire $306 mn shares, but stock remains weak
South Korea’s leading internet portal operator Naver Corp. will buy back and retire about 400 billion won ($306 million) w...
Sep 30, 2024 (Gmt+09:00)
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Corporate restructuringKorea’s E-Mart to delist troubled building unit for restructuring
South Korea’s largest supermarket chain E-Mart Inc. said on Monday it is set to delist its troubled construction subsidiar...
Sep 30, 2024 (Gmt+09:00)
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Shipping & ShipbuildingSamsung Heavy to become 1st paperless drawing shipyard
Samsung Heavy Industries Co. said on Monday it will adopt three-dimensional (3D) digital drawings for its entire ship design and...
Sep 30, 2024 (Gmt+09:00)
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Bio & PharmaCelltrion establishes subsidiary in Vietnam
Celltrion Inc., South Korea’s largest biosimilar maker, said on Monday that it completed the establishment of a local su...
Sep 30, 2024 (Gmt+09:00)
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Tech, Media & TelecomLG Uplus, GSMA sign Open Gateway agreement
South Korea's LG Uplus Corp. said on Monday that it signed an agreement with the Global System for Mobile Communications Associa...
Sep 30, 2024 (Gmt+09:00)
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Tech, Media & TelecomKT succeeds 5G NTN satellite communication
South Korea's KT Corp. and its satellite subsidiary KT SAT said on Monday their integration of KOREASAT 6 with a terrestrial 5...
Sep 30, 2024 (Gmt+09:00)
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Artificial intelligenceMicrosoft, KT join forces to propel Korea’s AI innovation
Microsoft Corp. and KT Corp., one of South Korea's top three telecom companies, will drive artificial intelligence transformatio...
Sep 30, 2024 (Gmt+09:00)
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AutomobilesHyundai's accumulated production hits 100 mn unit milestone
Hyundai Motor has achieved the 100 million-unit milestone for its accumulated production 57 years after its inception, led by th...
Sep 30, 2024 (Gmt+09:00)
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ElectronicsKorea Investment lowers price target for Samsung Electro-Mechanics
Korea Investment & Securities lowered the target price of Samsung Electro-Mechanics by 14.3% on Sunday, citing weaker-t...
Sep 30, 2024 (Gmt+09:00)
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Tech, Media & TelecomSamsung Galaxy AI phones surpass 20 mn units in S. Korea
Samsung Electronics Co. said on Sunday that more than 20 million smartphones in South Korea are now equipped with its Galaxy A...
Sep 30, 2024 (Gmt+09:00)