2023 market outlook

Shinsegae International, the cosmetics and fashion division of South Korea's Shinsegae Group, entered Japan's ultra-luxury beauty market by promot...

KCGI, a South Korean private equity firm, has been struggling to raise funds for its 244.9-billion-won ($183 million) purchase of a controlling stak...

Before COVID-19 swept the world, South Korea’s top two travel retailers Lotte Duty Free and Shilla Duty Free Shop ascended to the world’...

Hyundai Motor Co. has unseated construction truck leader Volvo in South Korea for the first time, driven by its flagship Xcient Pro model that sent ...

The foreign users of Naver Map, the map service of South Korea's online platform giant Naver Corp., have a 30% increase from last year.  Naver...

With stagnating electric vehicle sales or an EV chasm set to be prolonged, battery makers are increasingly turning their sights toward next-generati...

The Korean Ministry of SMEs and Startups said on Friday that the "2024 Korea Shopping Festa with Lotte" export consultation event, held in collabo...

South Korea’s leading soju maker HiteJinro Co. said on Friday that it's boosting soju marketing in the UK. From August 16 to 25, HiteJinr...

The car rental business resembles financial services. Buying cars with borrowed money, renting them out and eventually selling them to used car de...

Lotte Mart and Lotte Super will launch stores within the outlets of NTUC FairPrice, Singapore’s largest supermarket chain, to sell food produc...

One Store Co., South Korea’s homegrown app marketplace, will take on Apple Inc. and Google LLC in the global app market by offering tailored s...

LG Electronics Inc., a leading South Korean home appliance maker, is considering an initial public offering of its Indian business to help achieve a...

Kookmin Bank, South Korea’s largest lender under KB Financial Group, will tighten lending to curb mortgage loan growth in line with the govern...

South Korean Husteel Co.'s long-term investments in Saudi Steel Pipe Co. are paying off as its share price surges on the back of deals with the king...

South Korea's Hanjin Transportation, a logistics unit of Hanjin Group, signed a memorandum of understanding (MOU) with the Small Enterprise and Mark...

Hyundai Motor Co.'s premium brand Genesis and Hyundai Motors ranked first in the J.D. Power 2024 US Tech Experience Index (TXI) Study.The American...

South Korea’s Hanwha Aerospace Co. has completed building its first overseas plant — producing howitzers and ammunition carriers in Aust...

In the second quarter of this year,  the market share of Samsung Electronics Co. in the South Korean smartphone market slightly increased, whil...

To Hopae Inc., a digital identity solution-developing startup native to South Korea, its home market is small. After successfully accommodating more...

Hyundai Motor Co. and Kia Corp. said on Thursday that S&P Global upgraded their credit ratings from BBB+ to A-, with a Stable outlook for both c...

South Korea's CJ CheilJedang Corp. announced on Wednesday that it will launch Bibigo dumplings at supermarket chains New World and PAK’nSAVE i...

KCC Corp., a paint and glass maker but better known as a white knight for South Korean conglomerates, holds more than 4 trillion won ($3 billion) wo...

South Korea’s household debt hit a record high in the second quarter as the domestic housing market started to recover and more consumers rush...

South Korea's Amorepacific Corp. announced on Thursday that its premium color cosmetics brand Hera opened its first store on August 8 at Central Chi...

Suyi Kim, global private equity head at Canada Pension Plan Investments Board (CPPIB), is set to leave the world’s seventh-largest pension fun...

LG Electronics Inc., the world’s largest home appliances maker, raked in more than 2 trillion won ($1.5 billion) in first-half sales in India ...

Samsung Group's financial services business has overtaken South Korea's No. 1 banking group KB Financial Group in terms of net profit, posing a thre...

KT Corp., one of South Korea’s top three mobile carriers, is on a roll in the hotel business despite its late foray into the hospitality indus...

LG Electronics Inc. held a media art exhibition, "The Future Becomes Now," at the heart of Vietnam's bustling metropolis Lotte Mall Westlake Hanoi.A...

Samsung Group, South Korea’s most powerful business group, is poised to crack the country’s financial app market — now crowded wit...