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Companies

  • Batteries

    POSCO Future M named Fortune Asia Future 30

    South Korea’s POSCO Future M Co. has been named Asia Future 30 by the US economic media Fortune on Mar. 27, according to the company on Thursd...

    Mar 28, 2024 (Gmt+09:00)

    1 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 automotiv...

    Mar 28, 2024 (Gmt+09:00)

    4 Min read

  • Economy

    S.Korea, Thailand launch negotiations for EPA

    South Korean and Thai governments declared the launch of negotiations for the Economic Partnership Agreement (EPA) on Thursday. South Korea’s ...

    Mar 28, 2024 (Gmt+09:00)

    1 Min read

  • Tech, Media & Telecom

    LG CNS, Sinar Mas to form JV in Indonesia

    LG CNS Co., an information technology service company under South Korean conglomerate LG Group, announced on Thursday that it signed an investment...

    Mar 28, 2024 (Gmt+09:00)

    1 Min read

  • Korean chipmakers

    Samsung set to triple HBM output in 2024 to lead AI chip era

    SILICON VALLEY – Samsung Electronics Co., the world’s largest memory chipmaker, will likely triple its high bandwidth memory (HBM) chip ...

    Mar 27, 2024 (Gmt+09:00)

    3 Min read

  • Mergers & Acquisitions

    KDB halts KDB Life sale process to take full control

    The state-run Korea Development Bank (KDB) has suspended the protracted sale process of KDB Life Insurance Co. to take full control of the insurer b...

    Mar 27, 2024 (Gmt+09:00)

    2 Min read

  • Advertising & Marketing

    Nexen Tire partners with San Diego Padres

    South Korea's Nexen Tire Corp. announced on Wednesday that it partnered with US Major League Baseball (MLB) team San Diego Padres.The Padres, founde...

    Mar 27, 2024 (Gmt+09:00)

    1 Min read

  • Corporate strategy

    Hyundai Motor aims for next takeoff with $51 billion investment

    Hyundai Motor Group plans to spend 68 trillion won ($51 billion) and hire 80,000 new employees over three years as South Korea’s top automaker...

    Mar 27, 2024 (Gmt+09:00)

    3 Min read

  • Electronics

    Samsung, Henckels co-develop AI Combo detergent course

    Samsung Electronics Co. announced on Wednesday that it partnered with the global household and industrial goods company Henckels AG to introduce a d...

    Mar 27, 2024 (Gmt+09:00)

    1 Min read

  • Entertainment

    K Enter moves step closer to Nasdaq listing in May

    K Enter Holdings Inc., an umbrella entity of South Korea-based entertainment companies creating original entertainment content and managing related ...

    Mar 27, 2024 (Gmt+09:00)

    2 Min read

  • Automobiles

    Kia wins World's Greatest Auto Disruptors 2024

    Kia Corp. won two categories of the Newsweek World’s Greatest Auto Disruptors Awards with the all-electric EV9 winning Research and Developmen...

    Mar 27, 2024 (Gmt+09:00)

    1 Min read

  • Corporate strategy

    LG Group earmarks $74 bn for 5-year investment in Korea

    LG Group, South Korea’s No. 4 conglomerate, on Wednesday announced a plan to invest 100 trillion won ($74 billion) through 2028 in its future ...

    Mar 27, 2024 (Gmt+09:00)

    1 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 gro...

    Mar 27, 2024 (Gmt+09:00)

    1 Min read

  • ESG

    LG Electronics named Energy Star Partner of 2024

    LG Electronics Inc. has been named 2024 Energy Star Partner of the Year and Sustained Excellence by the US Environmental Protection Agency (EPA) a...

    Mar 27, 2024 (Gmt+09:00)

    1 Min read

  • E-commerce

    CJ Onstyle boosts live commerce unit

    South Korea's CJ OnStyle announced on Wednesday that it broadened its mobile live commerce division by introducing programming, marketing, and new...

    Mar 27, 2024 (Gmt+09:00)

    1 Min read

  • Corporate governance

    Hanmi Science-OCI merger may gain traction with NPS' support

    The merger of South Korea’s pharmaceutical holding firm Hanmi Science Co. and chemicals giant OCI Holdings Co. is likely to gain momentum as N...

    Mar 27, 2024 (Gmt+09:00)

    3 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 It...

    Mar 27, 2024 (Gmt+09:00)

    1 Min read

  • K-pop

    Universal Music acquires 10-year distribution rights to HYBE music

    The world’s largest music company Universal Music Group (UMG) has struck an exclusive deal to distribute music from HYBE Co., the South Korean...

    Mar 27, 2024 (Gmt+09:00)

    3 Min read

  • Bio & Pharma

    Genesystem enters Indian tuberculosis treatment market

    Genesystem, a South Korean biotech company said on Tuesday that it will export 20 on-site tuberculosis (TB) diagnostic devices and 6,000 TB test kit...

    Mar 27, 2024 (Gmt+09:00)

    1 Min read

  • Mergers & Acquisitions

    SK Networks prepares to put SK Rent-a-Car on market

    SK Networks Co. is preparing to put SK Rent-a-Car Co. on the market in a deal worth an estimated 600 billion won ($448 million) as part of efforts t...

    Mar 26, 2024 (Gmt+09:00)

    2 Min read

  • Fashion

    Licensed casual apparel brands' luster fades in Korea

    The fad for licensed casual fashion brands appears to be cooling in South Korea, where American sports clubs, broadcasting networks and documentary ...

    Mar 26, 2024 (Gmt+09:00)

    1 Min read

  • Bio & Pharma

    Global quest to find modern elixirs enters new chapter

    NEW YORK/ BOSTON – Longevity has long been the dream of humankind. China’s first emperor Qin Shi Huang was obsessed with finding magic e...

    Mar 26, 2024 (Gmt+09:00)

    4 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 i...

    Mar 26, 2024 (Gmt+09:00)

    2 Min read

  • Korean startups

    Asan Nanum Foundation invites innovators to startup pitch

    The Asan Nanum Foundation, a nonprofit foundation set up in 2011 to commemorate the 10th anniversary of Hyundai founder Chung Ju-yung’s death,...

    Mar 26, 2024 (Gmt+09:00)

    1 Min read

  • Artificial intelligence

    Wrtn opens free AI search service

    South Korea's advanced tech startup Wrtn Technologies, a major player in generative artificial intelligence (AI), opened its free and unlimited AI s...

    Mar 26, 2024 (Gmt+09:00)

    1 Min read

  • Batteries

    SM Bexel to localize military drone battery packs

    SM Bexel Co., the battery manufacturing affiliate of South Korea's SM Group, announced on Tuesday that it signed a memorandum of understanding (MOU)...

    Mar 26, 2024 (Gmt+09:00)

    1 Min read

  • Batteries

    Solus Advanced Materials poised to lead EV copper foil market: CEO

    Solus Advanced Materials Co. is not a household name among ordinary electric vehicle drivers. But the South Korean company is a little giant to gl...

    Mar 26, 2024 (Gmt+09:00)

    4 Min read

  • Artificial intelligence

    LG CNS to lead digital transformation at FPT in Vietnam

    LG CNS Co., an information technology service company under South Korean conglomerate LG Group, will lead the digital transformation of FPT Group, a...

    Mar 26, 2024 (Gmt+09:00)

    2 Min read

  • Bio & Pharma

    Medytox to supply $73 mn botulinum toxin to Brazilian firm

    South Korea's biopharmaceutical firm Medytox Inc. announced on Tuesday that it signed a contract with Brazilian pharmaceutical company Blau Farmaceu...

    Mar 26, 2024 (Gmt+09:00)

    1 Min read