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Travel & Leisure
Seoul reclaims spot as Japanese tourists' top destination after 11 yrs: HIS
Seoul has become the top destination for Japanese tourists for the first time since 2011, according to Japan’s leading travel agency HIS Gro...
Nov 28, 2022 (Gmt+09:00)
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Construction
Hyundai E&C creates world's first children's playground using 3D printing
Hyundai Engineering & Construction said on Thursday it has installed children's playground equipment it made using 3D printing technology at Hil...
Nov 25, 2022 (Gmt+09:00)
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Travel & Leisure
Number of tourists to S.Korea, Japan surge on eased visa restrictions
As restrictions to traveling across national borders loosen, the number of international travelers to both South Korea and Japan have been on the ri...
Nov 18, 2022 (Gmt+09:00)
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Logistics
Hyundai Glovis joins hands with Lion Group to move into Malaysian logistics market (edited)
Hyundai Glovis will enter the Southeast Asian logistics market in partnership with a large Malaysian company. The company, Hyundai Motor Group's log...
Nov 17, 2022 (Gmt+09:00)
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Behind the Scenes
Corporate restructure inevitable at Smilegate as founder faces divorce
South Korea's fifth-richest man Kwon Hyuk-bin and his wife Lee Hwa-jin appear to be headed for divorce, according to industry insiders on Monday.&nb...
Nov 14, 2022 (Gmt+09:00)
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Korean startups
Delivery startup VtoV raises $7.2 million from Series A round
South Korean logistics startup VtoV, the operator of optimized delivery service To-Day, raised 9.5 billion won ($7.2 million) from a Series A round....
Nov 11, 2022 (Gmt+09:00)
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Travel & Leisure
Hotel Shilla's biz hotel to post record guest room sales
When Hotel Shilla Co. CEO and Samsung Group heiress Lee Boo-jin said in a shareholders’ meeting in March that the Korean hotel company will br...
Oct 24, 2022 (Gmt+09:00)
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Bio & Pharma
Korea's Samsung Biologics signs $296 mn CMO deal with GSK
South Korea’s Samsung Biologics Co. has signed a $296.1 million deal to supply biopharmaceutical products to UK-based multinational pharma gia...
Oct 21, 2022 (Gmt+09:00)
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Automobiles
Hyundai to ramp up hybrid vehicle production next year
Hyundai Motor Co., South Korea’s top automaker, will increase production of hybrid models by some 15% next year to focus on the popular segmen...
Oct 20, 2022 (Gmt+09:00)
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Bio & Pharma
Medipost to expand CDMO business with 10 new clean rooms in Korea
Medipost Co, a South Korean biotechnology company, is expanding its cell and gene therapy contract development and manufacturing organization (CDMO)...
Oct 18, 2022 (Gmt+09:00)
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Airlines
OPEC output cut to worsen Korean airlines’ woes
South Korea’s airlines, already slammed by a weaker won currency and rising interest rates, are expected to suffer more from global major oil ...
Oct 06, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Diageo revokes agreement for sale of Windsor to South Korean consortium
London-based global alcoholic beverage company Diageo plc announced Tuesday it plans to revoke the domestic management rights of the Windsor whisky ...
Sep 27, 2022 (Gmt+09:00)
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Mergers & Acquisitions
IMM seeks to sell off low-cost cosmetics brand Missha
IMM Private Equity is trying to sell off the management rights of Able C&C, the parent of Korea’s first-generation low-priced cosmetics br...
Sep 16, 2022 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus aims to double corporate value via platforms
LG Uplus Corp., the third-largest mobile carrier in South Korea, is slated to increase its corporate value to 12 trillion won ($8.6 billion) by 2027...
Sep 15, 2022 (Gmt+09:00)
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Corporate investment
SK allots 40% of local spending to non-capital areas
SK Group, South Korea’s second-largest conglomerate after Samsung, will funnel 67 trillion won ($48 billion), or about 40% of its 2022-2026 do...
Sep 14, 2022 (Gmt+09:00)
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Steel
POSCO partially restarts Pohang furnaces flooded by typhoon
POSCO Holdings Inc., the holding company of South Korea’s largest steelmaker, has partially restarted its blast furnaces at its main plant in ...
Sep 12, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Daewoo, Samsung bag $2.3 bn LNG ship order
Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. secured LNG ship orders worth a combined 3.2 trillion won ($2.3 bi...
Sep 06, 2022 (Gmt+09:00)
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Energy
SK Ecoplant joins 2.6GW offshore wind power project in Korea
South Korea’s SK Ecoplant Co. signed an agreement on Monday to jointly develop a combined 2.6 gigawatt (GW) offshore wind power project in Kor...
Sep 06, 2022 (Gmt+09:00)
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Cryptocurrencies
LG Elec unveils new NFT platform, aims to turn living room into art gallery
LG Electronics Inc. announced Monday it has launched its very own non-fungible token (NFT) platform, LG Art Lab. Now available in the United St...
Sep 05, 2022 (Gmt+09:00)
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Electronics
LG Electronics to debut world’s largest 97-inch OLED TV at IFA 2022
LG Electronics Inc. will unveil the world’s largest 97-inch organic light-emitting diode TV at the upcoming electronics show in Germany, a mov...
Aug 29, 2022 (Gmt+09:00)
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Future mobility
Only 1% of car parts makers in S.Korea feel ready for transition to EVs
The automotive industry around the globe is rapidly transitioning from the manufacturing sector to the digital arena. That is, from an internal...
Aug 28, 2022 (Gmt+09:00)
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Electronics
Demand for Samsung foldables keeps smartphone parts makers busy
Smartphone parts suppliers to Samsung Electronics Co. are running their plants at full capacity as the South Korean tech giant’s latest fold...
Aug 26, 2022 (Gmt+09:00)
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Korean stock market
Foreign stock buying on weaker won: Bucking the trend?
When a country’s currency weakens, foreign investors flee the local markets as a softer foreign-exchange rate usually means fragile economic f...
Aug 25, 2022 (Gmt+09:00)
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Earnings
Coupang posts first positive EBITDA, raises full-year forecast
Coupang Inc., South Korea’s answer to global e-commerce giant Amazon.com, said on Wednesday its second-quarter performance has improved signif...
Aug 11, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung Elec. celebrates world's first shipment of 3-nanometer chips
Samsung Electronics Co. held a ceremony on Monday to celebrate its first shipment of 3-nanometer semiconductor chips, notching its lead in the race ...
Jul 25, 2022 (Gmt+09:00)
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Entertainment
Seoul to lure visitors with themed tours, video featuring BTS
Seoul, the capital of South Korea, is kickstarting efforts to attract foreign visitors with new tour programs and a promotional video featuring the ...
Jul 19, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung develops world’s fastest graphics DRAM chip
Samsung Electronics Co. on Thursday unveiled a sample of the industry’s fastest graphics DRAM, designed to significantly advance the graphics ...
Jul 14, 2022 (Gmt+09:00)
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Private equity
Small S.Korean PE firms flex muscle during pandemic
Private equity firms registered in South Korea enjoyed a 20% jump in their accumulated commitments in 2021 as a whole, led by small and medium-sized...
Jul 06, 2022 (Gmt+09:00)
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Korean startups
KT injects $23 mn into fabless startup Rebellions
South Korean fabless startup Rebellions Inc. received a 30 billion won ($23 million) extension to its Series A funding from telecom giant KT Corp.KT...
Jul 06, 2022 (Gmt+09:00)
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Travel & Leisure
Moon boats light up the birthplace of Korean Confucianism
Riding a crescent moon-shaped boat that changes colors is a must-do experience in the small South Korean city of Andong, 190 km southeast of Seoul.T...
Jun 29, 2022 (Gmt+09:00)
Latest News
- 1 S.Korea’s Naver to launch Silicon Valley venture arm in aggressive AI push
- 2 UK chip testing device maker TeraView seeks Kosdaq debut
- 3 K-Beauty defies seasonal slump with record $980 mn in April exports
- 4 Samsung flexes financial muscle as insurance, card units top sector rankings
- 5 Greystar hires ex-Samsung SRA manager to launch Seoul office