Digital assets emerge as Korean LPs' No. 1 infrastructure target

Digital infrastructure, such as data centers, towers and smart meters, will be the hottest infrastructure asset this year for South Korean limited par...

Samsung offers upbeat 2024 outlook on chip recovery

Samsung Electronics Co., the world’s top memory chipmaker, on Wednesday offered an upbeat outlook for the semiconductor industry on recovering...

Whisky imports hit record high in S. Korea amid falling wine interest

Soaring highballs propelled whisky consumption to record heights in South Korea last year, while pandemic-driven interest in wine waned significantl...

Carrier releases large inverter air conditioner combining AI, inverter tech

Carrier Corp. announced on Monday that it will release a large inverter air conditioner, combining artificial intelligence (AI) and inverter technol...

EcoPro hits first 100,000 tons export in high-nickel cathode material

South Korean battery materials manufacturer EcoPro Co. announced on Monday that it achieved a significant milestone last year by exporting over 100,...

Hyundai Mobis sees record high performance in 2023

South Korea’s Hyundai Mobis, the world’s sixth-largest auto parts maker, reported on Friday that its revenue was 59.25 trillion won ($44...

Lotte World Tower sees record-high visitors in 2023

Lotte Property & Development Co. (Lotte P&D) announced on Wednesday that the total number of visitors to Lotte World Tower and Mall last yea...

Nongshim sees record-high Shin Ramyun sales

South Korean food and beverage giant Nongshim Co. announced on Wednesday that its signature instant noodle brand Shin Ramyun saw a record high of ...

Hyundai Motor units join hands for logistics solutions

Hyundai Motor Group’s autonomous driving technology arm 42dot Inc. has joined hands with its sister companies Hyundai Glovis Co. and Hyundai C...

Biopharma M&As: Next big thing for South Korean manufacturers

When Orion Corp., known for its signature snack cake Choco-Pie, announced a $415 million deal to acquire biotech startup LegoChem Biosciences Inc. l...

Hyundai unveils All-New Kona Electric N Line in Europe

Hyundai Motor Co. unveiled 2024 The all-new KONA Electric N Line in the European market including the UK on Jan. 16., according to the company.&nb...

Mercedes-Benz unveils New E-Class in S.Korea

Mercedes-Benz Korea on Friday unveiled the 11th generation of its fully redesigned mid-sized The New E-Class sedan in South Korea.This latest iterat...

Woori Financial to bolster private banking service: chairman

Woori Financial Group, South Korea’s fourth-largest financial holding company, will reinforce its wealth management service for high-net-worth...

Toss Bank launches commission-free foreign exchange services

South Korea’s fintech platform Toss Bank said on Thursday it has launched commission-free foreign exchange services for the first time as a do...

Hyundai N Vision 74 wins 2023 Good Design Award

Hyundai Motor Group announced on Thursday that its nine products across Hyundai Motor Co., Kia Corp., and premium brand Genesis have received top ...

Semiconductors power Korea’s tech exports to 15-month high

South Korea’s tech products exports rose for a second straight month to a 15-month high in December 2023 as overseas sales of semiconductors e...

Iljin Electric secures $36 mn order for high-voltage cables in Malaysia

Iljin Electric, the integrated heavy electric device unit of South Korea's Iljin Group, announced on Tuesday that it has recently signed a contract ...

Mojave Proving Ground: Backbone of Hyundai, Kia’s success in US

CALIFORNIA CITY, Calif. – The Mojave Desert, known by locals as the "high desert," lies some 170 km northeast of Los Angeles, California. In t...

Korea’s unicorn startups fly high as IPO plans revived

South Korea’s unicorn startups, or venture firms with a corporate value of at least 1 trillion won ($760 million), are poised to return to the...

Coupang to resume Rocket Delivery for LG H&H; ends 5-year feud

Coupang Inc., South Korea’s leading online retailer, said on Friday it will resume the same or next-day delivery service, dubbed “Rocket...

Naver unveils reports of Qatar Asian Cup utilizing AI

South Korea's Naver Corp. announced on Friday that it has published AI Scout Report for the Asian Football Confederation (AFC) Asian Cup 2023, which...

LG Elec to expand ad-supported streaming service with TV OS

LAS VEGAS -- LG Electronics Inc., the leading global home appliance maker, plans to expand its free ad-supported streaming television (FAST) busines...

SK Telecom considers adding LLM to iPhone recording app

LAS VEGAS -- SK Telecom Co. is considering adding a large language model (LLM) to its iPhone call-recording app for the first time in the industry, ...

Upstage installs Solar in KakaoTalk AI services

South Korea’s artificial intelligence (AI) tech startup Upstage announced on Thursday that its small language model (SLM) Specialized and Opti...

Samsung C&T-UEM completes world's 2nd-tallest skyscraper in Malaysia

South Korea’s Samsung C&T Corp. announced on Thursday that its JV with UEM Construction completed the construction of the world's second t...

SK Hynix raises $1.5 bn in foreign bonds amid high demand

SK Hynix Inc., the world’s second-largest memory chipmaker, has raised $1.5 billion in foreign currency bonds, with the debt offering four tim...

Samsung dubs upcoming Galaxy S24 AI phone as on-device AI race rages on

Employees at Samsung Electronics Co.'s Mobile eXperience (MX) division recently developed a habit of referring to the upcoming Galaxy series of smar...

Virtual humans debut on Korean Air’s in-flight video

Korean Air Lines Co. released on Thursday a new in-flight safety video featuring a virtual human dressed as a flight attendant. This is the first ti...

LG Display to premiere 480Hz gaming OLED at CES 2024

LG Display Co., the world’s leading organic light-emitting display (OLED) maker in South Korea, will showcase its premium OLED gaming panel se...

HD KSOE lowers order target by 39% in 2024

South Korea’s HD Korea Shipbuilding & Offshore Engineering (HD KSOE) announced on Thursday that it has lowered its order target for this y...