The korea economic daily

Naver, Kakao wrestle for crown in webtoon market

South Korea’s leading webtoon (digital comics) platforms are wrestling to secure the No. 1 position in the global market as they work to take ...

Global oil refiners, local PEs among 7 bidders for SK Lubricants stake

Global oil refiners, strategic investors and private equity funds in Korea and abroad have submitted non-binding bids for up to 49% of SK Lubricants ...

Samsung foundry ramps up chip packaging to compete against TSMC

The battleground for global foundry leaders – Samsung Electronics Co. and Taiwan Semiconductor Manufacturing Co. (TSMC) – is shifting fro...

LG Chem, China’s CATL neck and neck in race for top battery player’s spot

Global competition for the world’s top spot for the manufacture of electric-vehicle batteries is getting fiercer as major players in South Kore...

K-content’s ‘unfamiliar familiarity’ theme goes viral on global stage

It’s simple and irritatingly repetitive. Many people, kids and adults alike, around the world hum along and often complain that they just can&r...

S.Korea's airline restructuring hits turbulence with activist fund opposition

South Korea’s airline restructuring is experiencing some turbulence after an activist group has filed an injunction threatening the proposed me...

Studio Dragon turns heads on promising outlook

South Korea’s leading drama production house Studio Dragon Corp. is in the market limelight as it readies to reenter the Chinese market alongsi...

LG to hive off trading, four other units into new group

South Korea’s fourth-largest conglomerate LG Group will split off its trading arm LG International Corp. and four other non-core units into a n...

NHN, Intel team up to take on cloud business

South Korean IT heavyweight NHN Corp. and US-based tech giant Intel Corp. have entered into a strategic partnership to boost their presence in the cl...

Techstars to invest in 30 Korean startups by 2022

Global startup accelerator Techstars plans to invest in 30 startups in South Korea, which has a more mature and open-minded venture capital market co...

Naver confident third time’s a charm in Japan's search engine market

South Korea’s portal giant Naver Corp. is hoping third time’s a charm as it gears up to re-enter the Japanese search engine market after ...

Wine sales in S.Korea surge amid COVID-19 lockdown

E-Mart Inc., one of South Korea’s largest retailers, saw its annual wine sales exceed 100 billion won ($90.3 million) for the first time as of...

SK Innovation opens 2nd China battery plant, eyes world’s top 3 spot

SK Innovation Co. has begun operating its second electric vehicle battery plant in China as the South Korean company expands its presence in the worl...

Naver, Kakao unsettled by Google's in-app payment policy

Global tech giant Google’s in-app payment policy has been coolly received by South Korea’s leading platform companies, fueling criticism ...

Samsung Electronics hits record-high global TV market share in Q3

Samsung Electronics Co.’s global TV market share rose to record levels in the third quarter in value terms, boosted by large-size organic light...

Denmark’s Orsted to build world’s biggest wind farm off S.Korean coast

Denmark’s Orsted A/S plans to build the world’s biggest offshore wind farm off the west coast of South Korea as the Danish multinational p...

Korean neurosurgery robot warms up to take on French rival

South Korea’s first neurosurgery robot, developed by 3D inspection device maker Koh Young Technology Inc., is ready to join the market dominated...

Korean govt urged to hike diesel tax, ban fossil fuel cars by 2035

South Korea should raise its tax on diesel to match the price of gasoline and phase out internal combustion engine cars by 2035 to tackle air pollutio...

Fadu, Mobilint emerge as S.Korea's system chip startup dark horses

South Korea's two semiconductor startups, Fadu Inc. and Mobilint, have emerged as the country's system chip industry dark horses as their competitive...

S-Oil says at least 20 more years to go for oil-powered cars

The penetration of electric and hydrogen-powered vehicles into the transportation industry will unlikely become a major threat to refiners over the ne...

Samsung Heavy, Daewoo Shipbuilding fetch over $4 bn in orders

South Korea’s shipbuilding industry appears to be entering full recovery mode after almost a year-long drought in orders thanks to Samsung Heavy...

Home interior platform nears unicorn status via $70mn funding

South Korea-based startup Bucketplace, an operator of home interior app OHouse, has raised $77 million in Series C funding, moving a step closer to a...

Hyundai Motor, INEOS team up to explore growth in hydrogen economy

South Korea’s largest automaker Hyundai Motor Co. and London-based chemicals company INEOS have teamed up to explore new business opportunities ...

Kakao, Google in talks over mobility partnerships

Kakao Mobility Corp., the transportation arm of South Korea's No. 1 messaging operator Kakao Corp., is in talks with global IT giant Google over pote...

LG Chem beats CATL, Panasonic to supply batteries for Tesla’s Model Y SUV

South Korea’s LG Chem Ltd. will supply batteries to US electric vehicle giant Tesla Inc. for its latest mid-size SUV Model Y, to be manufactur...

KT&G resurfaces as coveted dividend player at year's close

KT&G Corp. has been a laggard on the main bourse for the most part of the year despite its solid financial health, putting South Korea’s dom...

Naver, Mirae Asset bolster presence in Southeast Asia via $898 mn fund

South Korea’s platform giant Naver Corp., alongside Mirae Asset Daewoo Co., has been increasing investments into promising startups in Southeast...

Kolon Industries to mass produce key material for fuel cells

Kolon Industries Inc., a South Korean chemical and textile manufacturing company, is readying for the mass production of a key material for fuel cells...

Lady Gaga lights up LG screen in Times Square

Pop diva Lady Gaga’s '911' music video brightened up New York’s Times Square on Nov. 18. The video was played on LG Electronics’ g...