KT&G refuses activist funds' call for ginseng biz spinoff
KT&G Corp., the world’s fifth-largest tobacco maker, on Thursday refused activist funds' requests to spin off and list its ginseng unit wh...
Hyundai, Kia vow to crack Japan-dominated SE Asian market with EVs
For more than four decades, Japanese automakers, led by Toyota Motor Corp., have reigned as undisputed champions in the Southeast Asian auto marke...
Medytox to build plant for finished toxin products in Dubai
South Korea's biopharmaceutical company Medytox Inc. will build a plant for finished products containing botulinum toxin in the United Arab Emirates...
Korea internet data center construction faces health issue
South Korea’s information technology industry hit a snag with building new internet data centers (IDCs) due to controversies over the potentia...
Samsung CEO says construction of Taylor foundry on track
A US road in Taylor, Taxas, where global chip giant Samsung Electronics Co. is building a $17 billion fabrication plant on a scale of about 5 millio...
K-pop label SM to increase number of outside directors
South Korea’s SM Entertainment Co. will increase the number of outside directors and ban its chief executive from chairing the board as part o...
Samsung SDS calls attacks on cloud biggest threat to cyber security
Cloud protection is the top cyber security concern for companies this year, a study says.Samsung SDS Co. on Thursday said this in its report "Top Fi...
Korean apparel retailer F&F to produce global K-pop stars
South Korean outdoor clothing retailer F&F Co. made a foray into the entertainment sector to create a synergy of K-content and fashion, competin...
Korean steelmakers accuse Japanese rivals of product dumping
As Japanese hot-rolled steel plates have flooded into South Korea at even lower prices than those from China, Korean steel manufacturers are consi...
S-1 calls AI video solutions core of this year's AI security market
Access management of facial recognition needs the most improvement this year and artificial intelligence (AI)-based solutions such as intelligent cl...
EcoPro Group nearly doubles sales target to $7.8 billion this year
South Korea's EcoPro Group has set its sales target this year at 10 trillion won ($7.8 billion), nearly double that of last year, under a strategy t...
Hyundai's Nexo keeps 1st place in hydrogen car market beating Toyota
Hyundai Motor Co.'s hydrogen fuel cell car model Nexo far surpassed Toyota in the world's market share. According to SNE Research, a market research...
Hyundai is not a carmaker but a tech firm: Chairman Chung
Hyundai Motor Group Chairman Chung Euisun has vowed to turn the South Korean automotive giant into a state-of-the-art tech company to lead the pack ...
Korean business chiefs’ Year of the Rabbit messages: Keep investing
South Korea’s top business leaders on the first business day of the year stressed the importance of active investment and concentration of r...
85% of S.Korea's Gen MZ have contactless savings accounts
A study finds 90% of South Korea's Generation MZ, a demographic comprising millennials and Generation Z members born between 1981 and 2010, use cont...
KT signs agreement with O2 Company on smart fish farming
KT Corp., a South Korean telecom giant, plans to advance into the sea farming business.KT said on Sunday it had signed a business agreement with O2 ...
Launch of Innospace's Hanbit-TLV rocket called off due to technical glitch
The Ministry of Science and ICT announced on Wednesday that it will invest 350 billion won ($273 million) to build a rocket launch site, which will ...
SK E&S builds world's largest production base for blue hydrogen
South Korea's SK E&S has accelerated a blue hydrogen project in Boryeong, South Chungcheong Province, in what will be the world's largest comple...
Hanwha Hotels&Resorts signs MOU with Mohegan Inspire
Hanwha Hotels & Resorts Co. announced on Tuesday that it signed with Mohegan Inspire Entertainment Resort a memorandum of understanding (MOU) fo...
Blackpink named Entertainer of the Year by Time Magazine
Group Blackpink was selected as "2022 Entertainer of the Year" by TIME, a US weekly magazine. The magazine released a list of the most influential p...
Korean LCCs resume flights to Taipei after nearly 3 years
As domestic budget carriers begin opening or resuming flights to Taipei, the skyways between Korea and Taiwan have widened further.Jeju Air announce...
Nearly half of Korean firms plan no domestic investment next year
Rising gloom over the business environment due to a financial market crunch and weak Korean won has led to nearly half of Korea's firms having no pl...
Korea won near 5-mth high as Powell signals slower hikes
The South Korean won currency hit a near 5-month high on Thursday as US Federal Reserve Chairman Jerome Powell suggested a slowdown in its tightenin...
Blackpink's 'Ice Cream' music video surpasses 800 mn views
K-pop girl group Blackpink’s “Ice Cream” music video exceeded 800 million views on YouTube around 2 a.m. on Nov. 30 local time, it...
Korean overseas card spending near 3-year high on resurgence in travel
Overseas card spending by residents in South Korea rose to a nearly three-year high in the third quarter as international travel surged with countri...
Nearly half of South Korea's economists urge repeal of inheritance tax
Nearly half of South Korea's economists want the inheritance tax abolished, according to a survey.The Korea Economic Association on Thursday release...
S. Korea's T'way Air to resume Incheon-Chiang Mai route
South Korea's budget carrier T'way Air on Wednesday said it will resume from Nov. 28 its flight linking Incheon and Chiang Mai, Thailand, with seven...
Korea won sees best day in nearly 14 yrs, may be climbing from bottom
The South Korean won currency on Friday reported the largest daily gain in almost 14 years as lower-than-expected US inflation data bolstered expect...
Korean life insurer eases bond market woes with buyback
A South Korean small insurer will buy back dollar perpetual bonds as scheduled, reversing its earlier decision not to recall the notes, to ease conc...
Falling Korea current account surplus heightens economic woes
South Korea’s current account surplus has shrunk on falling exports, adding to concerns over a slowdown in Asia’s fourth-largest economy...
