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Real estateBluecove buys Grand Hyatt Seoul for over $565 million
South Korean real estate firm Bluecove Investment has signed an agreement to acquire five-star hotel Grand Hyatt Seoul for more ...
Jan 31, 2023 (Gmt+09:00)
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EarningsSamsung Display enjoys record profit on Apple iPhone 14
Samsung Display Co., South Korea’s top display maker, said its profit soared by a third to a record high as it supplied hi...
Jan 31, 2023 (Gmt+09:00)
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Electric vehiclesLG Elec eyes profit from EV powertrain, car lighting biz
LG Electronics Inc., the world’s leading home appliance maker, aims to take profit from the electric vehicle powertrain an...
Jan 31, 2023 (Gmt+09:00)
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Sovereign bondsForeigners net sell S.Korean bonds for first time in four years
Foreign investors dumped South Korean bonds in Janaury, becoming net sellers of the securities for the first time in four year...
Jan 31, 2023 (Gmt+09:00)
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Food & BeverageOne in 5 South Koreans claims Starbucks Rewards stars
Starbucks Korea saw members of its rewards program surpass 10 million this month, meaning that one in every five South Koreans i...
Jan 31, 2023 (Gmt+09:00)
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Bio & PharmaYbrain, Chong Kun Dang join forces for digital medicine distribution
South Korean electroceutical platform company Ybrain Inc. said on Tuesday it has entered into a joint promotion agreement with C...
Jan 31, 2023 (Gmt+09:00)
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ElectronicsSamsung to showcase customized home appliances at KBIS 2023
Samsung Electronics Co. will showcase its home appliance lineup that focuses on sustainability and personalized design at the 20...
Jan 31, 2023 (Gmt+09:00)
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AirlinesSouth Korea's Jeju Air to open up Indonesian skies
Jeju Air Co. and Indonesia's largest airline corporation will work together to develop flight routes and discover new tourism bu...
Jan 31, 2023 (Gmt+09:00)
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ElectronicsDB HiTek to expand high value-added specialized image sensor business
South Korea's chip foundry DB HiTek Co. attained foundry process technology and is set to expand its high-value-added specialize...
Jan 31, 2023 (Gmt+09:00)
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EnergyKorea’s Hyundai Electric wins $86 mn transformer deal in US
Hyundai Electric & Energy Systems Co., a power equipment and energy solution affiliate of the world’s largest shipbuil...
Jan 31, 2023 (Gmt+09:00)
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ESGSK Geo Centric receives int'l recognition for eco-friendly polymers
SK Geo Centric Co., South Korea's chemical firm, has received the globally recognized "GRS" certification for its eco-friendly p...
Jan 31, 2023 (Gmt+09:00)
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Korean stock marketKorea Exchange seeks to extend derivatives trading hours
South Korea’s bourse operator is seeking to extend derivatives trading hours by opening the market 15 minutes earlier at 8...
Jan 31, 2023 (Gmt+09:00)
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Aerospace & DefenseHanwha kickstarts localization of 1,000-hp gas turbine engine components
A project to lengthen the lifecycle of 1,000-horsepower gas turbine engine core components and materials, which is led by Hanwha...
Jan 31, 2023 (Gmt+09:00)
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EarningsHyundai Mobis bags record $4.6 bn orders from global carmakers
South Korea's Hyundai Mobis, a key affiliate of Hyundai Motor Group, last year enjoyed its best year in orders received from abr...
Jan 31, 2023 (Gmt+09:00)
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EarningsSamsung to advance solid-state battery output after record sales
South Korea’s Samsung SDI Co. reported its largest-ever profit and revenue last year, which will drive its efforts to prod...
Jan 31, 2023 (Gmt+09:00)
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Future mobilityTmap, Shinsegae I&C sign agreement for EV charging collaboration
Tmap Mobility said on Monday that it has signed an agreement for the electric vehicle charging business with Shinsegae I&C, ...
Jan 31, 2023 (Gmt+09:00)
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Tech, Media & TelecomKISA launches ASEAN Cyber Shield project for strengthening cyber security
The Korea Internet & Security Agency (KISA) on Monday has announced the launch of the "ASEAN Cyber Shield" project, a major ...
Jan 31, 2023 (Gmt+09:00)
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EarningsSamsung vows no chip output cut, eyes second-half demand recovery
Samsung Electronics Co. said on Tuesday it has no plans to cut semiconductor production even if it incurs temporary losses as th...
Jan 31, 2023 (Gmt+09:00)
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Aerospace & DefenseUna Stella secures $4.4 mn pre-Series A funding
South Korean start-up Una Stella announced on Monday that it has secured 5.5 billion won ($4.4 million) in pre-Series A funding,...
Jan 31, 2023 (Gmt+09:00)
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LogisticsKakao Mobility to pursue joint development with 4 major delivery services
South Korea's transportation company Kakao Mobility on Monday said it concluded a "delivery service business agreement for joint...
Jan 31, 2023 (Gmt+09:00)
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AirlinesT'way Air completes IOSA recertification process
South Korea's low-cost carrier T'way Air Co. said on Monday that it has completed the IATA Operational Safety Audit (IOSA) recer...
Jan 31, 2023 (Gmt+09:00)
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Business & PoliticsKorea boosts energy cooperation with natural resource-rich W.Australia
South Korea has boosted its energy cooperation with Western Australia, the biggest of Australia's six states and packed with nat...
Jan 31, 2023 (Gmt+09:00)
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Leadership & ManagementCompanies prioritize sense of responsibility over skills when hiring staff: study
Two-thirds of South Korea's top 100 companies are looking for talented employees with a spirit of challenge and sense of respons...
Jan 31, 2023 (Gmt+09:00)
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Pension fundsNPS underperforms global peers by returns for Q1-Q3 2022
South Korea's National Pension Service (NPS), the world's third-largest pension fund, ranked 10th out of the global 42 state-own...
Jan 31, 2023 (Gmt+09:00)