North Korea
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Fashion
Korea’s Hansae MK targets global children’s fashion market
South Korean clothing retailer Hansae MK Co. selling National Basketball Association (NBA) apparel in the country aims to expand its presence with it...
Apr 08, 2024 (Gmt+09:00)
3 Min read -
Electric vehicles
Kia to boost hybrid lineup to lead eco-friendly car market
Kia Corp., South Korea’s second-largest automaker, plans to strengthen its hybrid lineup and launch cheaper electric vehicles to lead the globa...
Apr 05, 2024 (Gmt+09:00)
3 Min read -
Economy
S.Korea’s current account surplus near 3-year high on chips
South Korea’s current account surplus touched a near three-year high in February as goods exports continued to grow on strong overseas sales of...
Apr 05, 2024 (Gmt+09:00)
1 Min read -
Electronics
Samsung ups smaller OLED workforce to fend off Chinese rivals
Samsung Display Co., South Korea’s top screen maker, increased its workforce for smaller organic light-emitting diode (OLED) panels used for po...
Apr 04, 2024 (Gmt+09:00)
4 Min read -
Banking & Finance
Korea’s Shinhan to invest $180 mn in India’s HDFC Credila
South Korea’s Shinhan Bank is set to invest $180 million in HDFC Credila Financial Services Ltd., India’s largest education loan provider...
Apr 04, 2024 (Gmt+09:00)
1 Min read -
Retail
BGF to vigorously expand convenience stores in Kazakhstan
BGF Retail Co., South Korea’s biggest convenience store chain operator, will expand aggressively in Kazakhstan, creating the potential to crank...
Apr 03, 2024 (Gmt+09:00)
2 Min read -
Fiber & Textile
Hyosung TNC to invest $1 bn in new bio-fiber plants in Vietnam
Hyosung TNC Corp., the world’s top spandex maker, plans to invest $1 billion in new bio-textile materials plants in Vietnam to accelerate its f...
Apr 03, 2024 (Gmt+09:00)
3 Min read -
Korean chipmakers
Samsung to unveil 3D DRAM in 2025 to lead AI chip market
Samsung Electronics Co., the world’s top memory chipmaker, aims to introduce three-dimensional (3D) DRAM, a game-changer in the artificial inte...
Apr 02, 2024 (Gmt+09:00)
3 Min read -
Executive reshuffles
Korea’s Shinsegae replaces building unit chief amid property downturn
South Korea’s retail giant Shinsegae Group on Tuesday replaced the head of its construction unit amid the sluggish property market, adding to e...
Apr 02, 2024 (Gmt+09:00)
3 Min read -
Waste management
Korea Zinc buys US Kataman for $55 mn for recycling business
Korea Zinc Inc., the world’s largest lead and zinc smelter, acquired Kataman Metals LLC, a US-based scrap metal trading company, at $55 million...
Apr 01, 2024 (Gmt+09:00)
1 Min read -
Insurance
Hanwha, 1st Korean insurer to earn dividends from overseas unit
Hanwha Life Insurance Co. is set to earn dividends from its Vietnamese subsidiary, reporting a cumulative profit after 15 years, becoming South Korea...
Apr 01, 2024 (Gmt+09:00)
3 Min read -
Batteries
Doosan joins hands with China’s CNGR for battery recycling
South Korea’s plant and machinery powerhouse Doosan Group has teamed up with China’s CNGR Advanced Material Co. to expand its electric ve...
Mar 29, 2024 (Gmt+09:00)
1 Min read -
Shipping & Shipbuilding
Korea’s HD KSOE, Infineon team up for ship electrification
South Korea’s top shipbuilder HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) joined hands with German chipmaker Infineon Techno...
Mar 29, 2024 (Gmt+09:00)
2 Min read -
Sovereign bonds
Korea yet to join global bond index for capital inflows
South Korea has so far failed to be included on a global major bond index, denting hopes for capital inflows into Asia’s fourth-largest economy...
Mar 28, 2024 (Gmt+09:00)
2 Min read -
Automobiles
Kia, Hyundai sweep World Car Awards with EV9, IONIQ 5 N
NEW YORK – Hyundai Motor Group, the world’s No. 3 carmaker, has swept the 2024 World Car Awards, a global premier standard for automotive...
Mar 28, 2024 (Gmt+09:00)
4 Min read -
Aerospace & Defense
S.Korea’s Doosan Enerbility to develop aircraft engines
South Korea’s major power plant builder Doosan Enerbility Co. plans to develop aircraft engines based on its turbine technology as its new grow...
Mar 27, 2024 (Gmt+09:00)
1 Min read -
Batteries
Ferrari, SK On team up to innovate battery technology
Ferrari S.p.A. joined hands with SK On Co., the world’s fifth-largest electric vehicle battery producer, to innovate cell technology as the Ita...
Mar 27, 2024 (Gmt+09:00)
1 Min read -
Automobiles
Kia taps ex-BMW, Mercedes-Benz designers for China, Europe
Kia Corp., South Korea’s No. 2 automaker, has appointed former designers of German luxury carmakers BMW AG and Mercedes-Benz AG as chiefs of it...
Mar 26, 2024 (Gmt+09:00)
2 Min read -
Electric vehicles
Hyundai boosts Genesis with enhanced performance, luxury
NEW YORK -- Hyundai Motor Co., South Korea’s top automaker, is set to boost its premium brand Genesis with performance models and more luxury f...
Mar 26, 2024 (Gmt+09:00)
3 Min read -
Carbon neutrality
Korea’s POSCO Int’l to work on CCUS, hydrogen businesses
POSCO International Corp., the general trading and resources exploration subsidiary of South Korea’s steel giant POSCO Holdings Inc., aims to w...
Mar 25, 2024 (Gmt+09:00)
2 Min read -
Earnings
Weak property market cuts into Korean securities firms’ profits
dd South Korea’s securities firms suffered a 20% fall in overall net profit last year hurt by the weak property market, adding to bearish views...
Mar 25, 2024 (Gmt+09:00)
1 Min read -
Batteries
Korea’s EcoPro invests $11 mn in Indonesian nickel smelter
South Korea’s leading electric vehicle battery materials producer EcoPro Group is expanding its investment in Indonesia for stable procurements...
Mar 25, 2024 (Gmt+09:00)
2 Min read -
Food & Beverage
Nongshim to build instant noodle plant in Korea for exports
Nongshim Co., South Korea’s top instant noodle maker, is set to build a new factory in the country for exports of ramen, or ramyun, for the fir...
Mar 22, 2024 (Gmt+09:00)
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Beauty & Cosmetics
CJ Olive Young beats Amorepacific to become K-beauty king
CJ Olive Young Corp., South Korea’s top beauty store chain, took the throne in the domestic cosmetics market last year, beating industry giants...
Mar 22, 2024 (Gmt+09:00)
2 Min read -
Batteries
POSCO new chief vows to keep fostering battery materials business
POSCO Holdings Inc.'s new Chairman Chang In-hwa on Thursday pledged to keep fostering its electric vehicle battery materials business, the group&rsqu...
Mar 21, 2024 (Gmt+09:00)
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Artificial intelligence
Naver, named 3rd most innovative company in the Asia-Pacific
South Korea’s online giant Naver Corp. ranked as the third most innovative company in the Asia-Pacific by a top US business magazine for the pl...
Mar 21, 2024 (Gmt+09:00)
2 Min read -
Fraud scandals
Korea fines Doosan Enerbility $12 mn for improper bookkeeping
South Korea’s top financial regulator said on Wednesday it will fine local major power plant builder Doosan Enerbility Co. 16.1 billion won ($1...
Mar 20, 2024 (Gmt+09:00)
1 Min read -
Corporate investment
LG injects $97 mn into Vista Equity’s fund for new tech investments
LG Group, South Korea’s fourth-largest conglomerate, injected $97 million into a fund run by Vista Equity Partners Management LLC for investmen...
Mar 20, 2024 (Gmt+09:00)
1 Min read -
North Korea
Top US general sees changing nuclear threat from North Korea
COMMAND POST TANGO, South Korea—The top U.S. military official in South Korea said his thinking has changed on deterring North Korea’s nu...
Mar 20, 2024 (Gmt+09:00)
6 Min read
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