Companies
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Travel & Leisure
Lotte Hotels & Resorts to upcycle used PET bottles
South Korea's Lotte Hotels & Resorts said on Friday that it will collaborate with Lotte Chilsung Beverage and Lotte Chemical Corp. to establish ...
Oct 11, 2024 (Gmt+09:00)
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Airlines
Air Incheon obtains IATA membership
South Korea's cargo airline Air Incheon said on Friday that it received full membership from the International Air Transport Association (IATA) last...
Oct 11, 2024 (Gmt+09:00)
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Steel
Korea’s Dongkuk develops world’s 1st biodegradable film for steel plates
Dongkuk Coated Metal Co. (Dongkuk CM), the cold-rolled steel unit of South Korean steel conglomerate Dongkuk Holdings Co., on Friday unveiled the wo...
Oct 11, 2024 (Gmt+09:00)
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Banking & Finance
Liner raises $20 mn in Series B funding
South Korean AI search startup Liner said on Friday it raised 270 billion won ($200 million) in a Series B funding round led by Atinum Investment an...
Oct 11, 2024 (Gmt+09:00)
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Fashion
Management dispute brewing at leggings brand Xexymix operator Brand X?
A leadership change in Brand X Corp., the operator of South Korea’s top leggings brand Xexymix, is spawning speculation that a management cont...
Oct 11, 2024 (Gmt+09:00)
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Bio & Pharma
Celltrion's anti cancer drugs hold 90% market share in C.America
South Korea’s Celltrion Inc. said on Friday that its cancer treatments have captured a 90% market share in several Central American countries....
Oct 11, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor celebrates 100 mn vehicles with special exhibition
Hyundai Motor Co. is celebrating the production of its 100 millionth vehicle with a month-long exhibition, "One Step Further," starting October 10 a...
Oct 11, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai unveils world’s 1st high-pressure ammonia dual-fuel engine
HD Hyundai Heavy Industries Co. said on Thursday it has developed the world's first ammonia dual-fuel engine with a high-pressure direct injection s...
Oct 10, 2024 (Gmt+09:00)
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Corporate strategy
Samsung retains No. 5, Hyundai climbs to No. 30 global brand
Samsung Electronics Co., South Korea’s most valuable company in terms of market capitalization, saw its brand value top $100 billion for the f...
Oct 10, 2024 (Gmt+09:00)
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Artificial intelligence
Microsoft, KT to invest $1.8 bn in Korea’s AI, infrastructure
Microsoft Corp. and KT Corp. plan to invest 2.4 trillion won ($1.8 billion) in South Korea’s artificial intelligence, cloud and infrastructure...
Oct 10, 2024 (Gmt+09:00)
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Construction
Hyundai E&C, Surbana Jurong to team up on power projects
South Korea's Hyundai Engineering & Construction Co. (Hyundai E&C) established a cooperative network with Singapore's largest public-sector ...
Oct 10, 2024 (Gmt+09:00)
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Mergers & Acquisitions
MBK not to raise Korea Zinc tender offer price after regulator warning
MBK Partners will not raise its tender offer prices again for Korea Zinc Inc. and its affiliate Young Poong Precision Corp. after hiking them twice ...
Oct 10, 2024 (Gmt+09:00)
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Entertainment
Shinsegae, Paramount to build $3.39 billion theme park complex in S.Korea
South Korea’s retail giant Shinsegae Group said on Thursday it has partnered with US media group Paramount Global on a 4.57 trillion won ($3.3...
Oct 10, 2024 (Gmt+09:00)
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Tech, Media & Telecom
POSCO E&C gets ISMS-P Info Security certification
South Korea's POSCO E&C said on Thursday that it obtained the "Information Security Management System & Personal Information Protection Mana...
Oct 10, 2024 (Gmt+09:00)
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Electronics
LG Electronics doubles down on B2B business
LG Electronics Inc., a leading South Korean home appliance maker seeking to transform into a platform company, aims to double sales of its Business ...
Oct 10, 2024 (Gmt+09:00)
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Logistics
LX Pantos, Kazakhstan to cooperate on logistics
South Korea's LX Pantos said on Thursday that it plans to strengthen its logistics business in Central Asia, focusing on Kazakhstan.Lee Yong-ho, CEO...
Oct 10, 2024 (Gmt+09:00)
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Asset management
Mirae Asset India surpasses 2 million retail client accounts
Mirae Asset Securities Co. said on Thursday that the number of retail client accounts in its India operations has crossed the 2 million mark.This ma...
Oct 10, 2024 (Gmt+09:00)
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Electronics
LG Elec named Lowe's 2024 vendor partner of year
LG Electronics Inc. said on Wednesday that it was named Lowe's 2024 Vendor Partners of the Year. Lowe's operates over 1,700 home improvement store...
Oct 10, 2024 (Gmt+09:00)
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Artificial intelligence
LG CNS gets Google Cloud GenAI certification
South Korea's LG CNS said on Thursday that it obtained Google Cloud's Generative AI (GenAI)Service Specialization certification.It's the first Asian...
Oct 10, 2024 (Gmt+09:00)
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Corporate restructuring
Samsung to cut chip executive jobs, restructure in battle versus SK Hynix
Samsung Electronics Co. plans to drastically cut its chip executive jobs and restructure semiconductor-related operations as it struggles to compete...
Oct 10, 2024 (Gmt+09:00)
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Food & Beverage
Paris Baguette to enter Thailand, Brunei, Laos
South Korean bakery brand Paris Baguette, operated by SPC Group, said on Wednesday it will enter Thailand, Brunei, and Laos.SPC signed a master fran...
Oct 10, 2024 (Gmt+09:00)
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Research & Development
Hyundai Motor Group expands R&D partnership with Singapore
Hyundai Motor Group, the world’s third-largest automaker, has expanded its research partnership with Singapore into energy, artificial intelli...
Oct 09, 2024 (Gmt+09:00)
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Automobiles
Toyota, Hyundai chiefs to meet in Seoul for hydrogen alliance
The leaders of Toyota Motor Corp. and Hyundai Motor Group will meet in South Korea later this month, raising expectations of a deepening partnership...
Oct 08, 2024 (Gmt+09:00)
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Insurance
DB Insurance outshines domestic rivals in global business
DB Insurance Co. raked in the biggest profits from overseas operations among South Korean insurance companies in the first half of this year, leadin...
Oct 08, 2024 (Gmt+09:00)
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Batteries
LG Energy to supply EV batteries to Mercedes-Benz in N.America
LG Energy Solution Ltd., the world’s third-largest electric vehicle battery manufacturer, is set to supply cells to Mercedes-Benz AG, a German...
Oct 08, 2024 (Gmt+09:00)
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Artificial intelligence
Naver Labs tops in spatial intelligence tech at ECCV
Naver Labs' spatial intelligence technology was recognized as superior to that of Google, Apple, and Meta at the world's leading computer vision con...
Oct 08, 2024 (Gmt+09:00)
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Airlines
Jeju Air launches new Batam, Bali routes
Jeju Air Co., South Korea's leading low-cost carrier (LCC), said on Tuesday that it will launch the routes to Batam and Bali, Indonesia. It's t...
Oct 08, 2024 (Gmt+09:00)
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Asset management
KIS hosts 2024 Stifel Research Forum in Seoul
Korea Investment & Securities announced on Tuesday that it hosted analysts from Stifel Financial Corp. at its headquarters in Yeouido, Seoul, fo...
Oct 08, 2024 (Gmt+09:00)
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Robotics
HL to acquire French parking robot firm Stanley Robotics for $24 million
HL Group, the construction-to-auto parts conglomerate in South Korea, will acquire the world’s sole outdoor self-driving parking robot-produci...
Oct 08, 2024 (Gmt+09:00)
3 Min read
Latest News
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- 5 Samsung bets on data center HVAC with $1.7 bn FläktGroup acquisition