Europe
Travel & Leisure
Korean hotels bask in rising foreign visitors; travel agencies in trouble
Apr 22, 2025 (Gmt+09:00)
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Automobiles
Hyundai to launch 42 new cars to cope with Trump tariffs, EV slowdown
Hyundai Motor Group, the world’s third-largest automaker, plans to unveil 42 new models, including hybrids of existing cars, next year to cope ...
Apr 20, 2025 (Gmt+09:00)
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Private equity
Glenwood PE to increase blind fund to $1 bn on pension funds’ interest
South Korea’s Glenwood Private Equity Co. is set to increase a blind fund to 1.5 trillion won ($1 billion) as pension funds at home and abroad,...
Apr 11, 2025 (Gmt+09:00)
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Automobiles
Kia to ramp up Seltos output to meet high global demand
Kia Corp. will expand production of its compact sport utility vehicle, the Seltos, after selling 310,000 units of the model across the globe, making ...
Mar 13, 2025 (Gmt+09:00)
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Pension funds
NPS to mull responsible investment system for alternative investments
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is poised to consider expanding its responsible inv...
Mar 13, 2025 (Gmt+09:00)
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Electric vehicles
Hyundai, Kia ready to ramp up EV output in Europe, US
South Korea’s top two automakers Hyundai Motor Co. and Kia Corp. are expected to ramp up electric vehicle production in Europe and the US to be...
Mar 06, 2025 (Gmt+09:00)
3 Min read -
Shipping & Shipbuilding
HD Hyundai in talks to buy back Korean ship parts maker
HD Hyundai Co., the world’s second-largest shipbuilder, is in talks with a private equity firm to buy back a South Korean ship parts manufactur...
Feb 10, 2025 (Gmt+09:00)
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Batteries
SK Ecoplant, BMW team up for battery recycling
SK Ecoplant Co., a South Korean construction engineering and waste management company under SK Group, partnered with German luxury carmaker BMW to r...
Jan 14, 2025 (Gmt+09:00)
1 Min read -
Earnings
LG Energy logs 1st quarterly loss in over 3 years, outlook remains gloomy
LG Energy Solution Ltd. reported its first quarterly loss in more than three years on Thursday, adding to concerns that the world’s third-large...
Jan 09, 2025 (Gmt+09:00)
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Webtoons
S.Korea's webtoon industry sales surpasses $1.36 bn
South Korea's webtoon market size surpassed 2 trillion won ($1.36 billion) for the first time. The South Korean Ministry of Culture, Sports and Touri...
Jan 03, 2025 (Gmt+09:00)
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Food & Beverage
S.Korea's office cafeteria firms expand into overseas markets
South Korea's office cafeteria companies, including Hyundai Green Food Co., Ourhome, and Samsung Welstory plan to expand overseas markets with the po...
Dec 30, 2024 (Gmt+09:00)
1 Min read -
Automobiles
Kia aims to reclaim Europe with EV2, keeps K4 output unchanged in Mexico
Kia Corp., South Korea’s second-largest carmaker, will start producing its entry-level electrified model EV2 from its plant in Slovakia next ye...
Dec 23, 2024 (Gmt+09:00)
4 Min read -
Electric vehicles
Gensis launches motorsport team to race in high-performance segment
Hyundai Motor Co.'s premium brand Genesis on Wednesday launched a racing team and unveiled a motorsports prototype to raise its presence in the globa...
Dec 05, 2024 (Gmt+09:00)
2 Min read -
Korean food
CJ CheilJedang to invest $584 mn to build food factories in Europe, US
CJ CheilJedang Corp., South Korea’s largest food company, will spend a total of $584 million to build new food-manufacturing factories in Europ...
Nov 21, 2024 (Gmt+09:00)
3 Min read -
Batteries
LG Energy to supply EV batteries to Rivian in $6.7 bn deal
LG Energy Solution Ltd., the world’s third-largest battery maker, is set to supply cells to Rivian Automotive Inc., a US electric vehicle manuf...
Nov 08, 2024 (Gmt+09:00)
2 Min read -
Korean startups
Mediaiplus aims to be the Amazon of clinical trials
Mediaiplus Inc., South Korea’s only provider of data analytics and contract research organization (CRO) matching services for clinical trials, ...
Nov 01, 2024 (Gmt+09:00)
6 Min read -
Corporate restructuring
Doosan to resume Bobcat, Robotics merger with new ratio
South Korea’s plant and machinery powerhouse Doosan Group will resume the merger of Doosan Bobcat Inc. and Doosan Robotics Inc. using a new mer...
Oct 21, 2024 (Gmt+09:00)
3 Min read -
Batteries
LG Energy to supply batteries for Ford's electric commercial vehicles
LG Energy Solution Ltd., the world’s third-largest electric vehicle battery manufacturer, is set to supply battery cells and modules to US Ford...
Oct 15, 2024 (Gmt+09:00)
3 Min read -
Electronics
LG to invest $762 mn in webOS to transform into platform-based tech giant
LG Electronics Inc., the leading global home appliance maker, plans to invest more than 1 trillion won ($762 million) in its multitasking operating s...
Sep 29, 2024 (Gmt+09:00)
3 Min read -
Travel & Leisure
Rising overseas trips to raise Korea’s travel account deficit
Demand for overseas travel among South Koreans during the upcoming holiday grew, while the number of inbound tourists from China is expected to shrin...
Sep 14, 2024 (Gmt+09:00)
3 Min read -
Corporate strategy
Lotte to foster Pepero as global brand by 2035: Chairman Shin
Lotte Group has selected Pepero — a thin chocolate-covered stick cookie — as the first brand that it will foster into one of the world&rs...
Sep 08, 2024 (Gmt+09:00)
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Food & Beverage
Nongshim to build export-only ramen factory in Korea
South Korea’s instant noodle giant Nongshim Co. will build a local plant dedicated to producing ramen — or ramyun, as the company spells ...
Aug 30, 2024 (Gmt+09:00)
3 Min read -
Airlines
Korea’s airlines to use SAF starting from Japan routes
South Korea’s airlines are set to use fuel mixed with sustainable aviation fuel (SAF) for international routes, starting from services to Japan...
Aug 30, 2024 (Gmt+09:00)
4 Min read -
Korean games
NCSOFT to seek recovery momentum with open-world game
South Korea’s gaming giant NCSOFT Corp. is set to develop an open-world massively multiplayer online role-playing game (MMORPG) while launching...
Aug 27, 2024 (Gmt+09:00)
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Real estate
IGIS puts NPS-backed building in Seoul on sale for $294 mn
IGIS Asset Management Co., one of Asia's largest real estate investment firms, is seeking to sell a building backed by South Korea’s National P...
Aug 09, 2024 (Gmt+09:00)
1 Min read -
Shipping & Shipbuilding
Korea approves HD KSOE-STX Heavy merger with conditions
South Korea’s antitrust body has given a conditional nod to leading domestic shipyard HD Korea Shipbuilding & Offshore Engineering Co.'s (H...
Jul 15, 2024 (Gmt+09:00)
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Travel & Leisure
Korea’s taxi app i.M ties up with MK Group to land in Japan
South Korea’s premium ride-hailing app i.M joined hands with Japan’s taxi operator MK Group to allow each platform's customers to use bot...
Jul 09, 2024 (Gmt+09:00)
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Aerospace & Defense
KAI inks $1.4 bn supersonic fighter jet mass production deal
Korea Aerospace Industries Ltd. (KAI), the country’s sole military aircraft manufacturer, said on Tuesday it signed a 2 trillion won ($1.4 bill...
Jun 25, 2024 (Gmt+09:00)
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Electric vehicles
Kia EV9 poised to hit 50,000 unit mark in a year on strong exports
Kia Corp., South Korea’s No. 2 automaker, is poised to sell 50,000 units of its flagship all-electric sport utility vehicle EV9 within one year...
May 29, 2024 (Gmt+09:00)
1 Min read -
Bio & Pharma
Samsung Bioepis leads in Soliris biosimilar market in Europe
STOCKHOLM – Samsung Bioepis Co.'s biosimilar to Soliris for the treatment of patients with rare, life-threatening disease paroxysmal nocturnal ...
May 27, 2024 (Gmt+09:00)
3 Min read
Latest News
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