NewJeans surpasses 5 billion cumulative Spotify streams

K-pop girl group NewJeans has surpassed five billion combined streams on Spotify, the world's largest music platform, its agency, Adore, announced o...

Bank of Korea holds rate steady, signals pivot to easing soon

South Korea’s central bank held interest rates steady but cut its inflation and growth forecasts for the year and signaled that it will pivot ...

Stock-rich KCC's shareholdings exceed its market cap

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...

After Mercedes Fire, EV Owners Want to Know What Battery They Have

SEOUL—The uproar over a Mercedes-Benz electric vehicle that burst into flames in South Korea this month wasn’t only about fire...

Samsung’s Circle to Search available on Galaxy A series to rival Xiaomi

Samsung Electronics Co. has been battling Apple Inc. in the high-end smartphone segment with its premium Galaxy S series packed with advanced featur...

Acquisition loan rates dip to pre-pandemic levels in S.Korea

Interest rates on acquisition financing in South Korea are set to stabilize at the 5% level, rates last seen before COVID-19 swept the world, height...

KT posts Q2 profit drops on pay raises, bonus payments

KT Corp., South Korea’s No. 1 telecom service provider, on Friday reported a 14.3% drop in second-quarter operating profit despite steady reve...

Samsung’s new chip leader calls for restoring competitiveness  

It is urgent to restore Samsung Electronics Co.'s competitiveness in the semiconductor business, the chip division’s new head said in his firs...

Doosan Robotics, Bobcat ordered to clarify merger deal

South Korean regulators have ordered Doosan Robotics Inc. to amend the securities prospectus it submitted last week for its merger with Doosan Bobca...

Samsung Elec calls for C-Lab Outside applications

Samsung Electronics Co. announced on Monday that it will enlist startups to participate in its external startup incubation program C-Lab Outside unt...

Doosan Robotics, Bobcat merger prompts call for law revision

Doosan Group’s announcement of a merger between Doosan Robotics Inc. and Doosan Bobcat Inc. has met with strong criticism from investors and p...

Millie Seojae introduces AI book reader

Millie Seojae, the e-book platform subsidiary of South Korea's KT Corp., announced on Thursday that it introduced an AI text-to-speech (TTS) feature...

Korea’s Hanmi family feud to end as key shareholder mediates

South Korean Hanmi Pharmaceutical Group’s founding family is set to conclude an ongoing feud as the group’s top individual shareholder h...

Mirae Asset's US dividend premium fund surpasses $72 mn in net assets

South Korea's Mirae Asset Global Investments Co. announced on Tuesday that the net assets of its Mirae Asset US Dividend Premium Fund, which invests...

Korea Zinc speeds up separation from Young Poong in management feud

South Korea’s largest zinc smelter Korea Zinc Co. is accelerating its efforts to terminate its decades-long business relations with parent You...

LG Uplus to enter renewable energy market through power brokerage

LG Uplus Corp., South Korea's third-largest mobile carrier, announced on Thursday that it will enter the renewable energy supply business through po...

S.Korean IT companies partner with K-pop girl groups

South Korean game companies like Krafton Inc. and Nexon Korea Corp., and telecom firms such as SK Telecom Co., are collaborating with K-pop girl gro...

NewJeans' Ditto hits 600 mn streams on Spotify

Ditto by K-pop girl group NewJeans has surpassed 600 million streams on Spotify.Spotify, the world's largest music streaming platform, announced on ...

Naver to submit remedies to Japan without A Holdings stake sale

LY Corp., the operator of Japan’s popular messenger app Line, is expected not to propose Naver Corp.’s stake sale in its largest stakeho...

Biden exempts graphite from EV mineral sourcing rule in win for Korea

WASHINGTON, D.C. – The US government has given automakers additional flexibility on battery mineral requirements, allowing electric vehicles w...

SK Hynix’s HBM chip orders fully booked; 12-layer HBM3E in Q3: CEO

ICHEON, Gyeonggi Province – SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., said on Thursday i...

HYBE conflict vs NewJeans label set to escalate into legal battle

HYBE Co., the company behind boy band BTS, has reported Min Hee-jin, the chief of popular girl group NewJeans’ label ADOR, to police for inves...

In Korean food prices, everything’s up: Now it’s dried seaweed's turn

First, it was groceries. Then came fried chicken and hamburgers. Now, it’s seasoned seaweed products, chocolate and ice creams.As in other cou...

SK Innovation to adjust business portfolios for long-term growth

SK Innovation Co., South Korea’s top energy company, is slated to adjust its business portfolios for long-term growth while not planning to sl...

Growing controversy over call to share profits for using wind energy

Renewable energy companies in South Korea are facing growing pressure to share their profits from wind or solar energy electricity generation, stirr...

SK Innovation reshuffles units to raise value

SK Innovation Co., South Korea’s top energy company, is reorganizing its subsidiaries to boost their individual values through independent man...

Korea’s LG telecom unit unveils AI agent with own technology

LG Uplus Corp., South Korea’s No. 3 mobile carrier, has introduced an artificial intelligence agent platform based on its own ixi AI technolog...

Lotte Duty Free rebrands LDF House to Now in Myeong-dong

South Korea’s Lotte Duty Free announced on Tuesday that it changed its duty-free showroom LDF House, which was opened last October in Myeong...

JB investors urged to oppose Align's call for board overhaul

Global proxy advisors International Shareholder Services Inc. (ISS) and Glass Lewis & Co. have expressed their opinion that there is no need for...

Tmax Group to draw more than $572 mn to buy back Tmaxsoft

South Korea's leading software company Tmax Group is set to draw at least 750 billion won ($572.3 million) and a maximum of 1 trillion won from Seou...