S.Korean heavy equipment makers ride global raw materials boom

The surging demand for raw materials around the world are driving sharp sales rebounds of South Korea’s two leading equipment makers Hyundai C...

S.Korea’s first homegrown space rocket Nuri set for October launch

South Korea will be the seventh country in the world to launch a space rocket with homegrown technologies. The long-awaited Nuri, or Korea Space Launc...

Samsung Q3 operating profit at 3-year high on chips, Galaxy

Samsung Electronics Co., the world’s top memory chip and smartphone maker, reported its highest operating profit in three years with record ...

SKIET to start commercial operation of its first separator plant in Europe

South Korea’s SK IE Technology Co. (SKIET), SK Innovation Co. 's battery material business subsidiary, plans to start commercial operation of ...

New Mercedes-Benz C-Class equipped with LG ADAS camera

The new Mercedes-Benz C-Class is equipped with LG Electronics Inc.’s advanced driving assistance system (ADAS) camera module, helping the Sout...

SK, Plug Power launch JV to grab Asia’s hydrogen fuel cell market

SK Group’s city gas supplier SK E&S Co. said on Oct. 6 that it has officially kicked off the joint venture (JV) with the American hydrogen...

S.Korea shows rare unease against US request for Samsung data

The South Korean government has expressed open concern about the recent request by the US Department of Commerce for more information on the global ...

Korea's first-generation platforms collapse, ringing in new e-commerce era

South Korea's first-generation e-commerce platforms, which have been around since the 1990s, are rushing to sell off their businesses as their valua...

Hanjin Heavy wins $270 mn container ship order, first deal in 6 years

Hanjin Heavy Industries & Construction Co. said on Tuesday it has won a $270 million deal to build four 5,500 TEU container ships for a European...

Ardian wins $25 mn mandate from construction workers' fund

South Korea’s Construction Workers Mutual Aid Association (CWMA) will commit $25 million to Paris-based private equity firm Ardian for infrast...

Samsung Elec unveils solution for stable 5G voice calls

Samsung Electronics Co., the world’s top smartphone maker, has developed a software solution for more stable 5G voice calls in a move to incre...

SK becomes first Korean oil producer from plastic waste

SK Group has become South Korea's first company to extract oil from plastic waste and use the eco-friendly oil as a feedstock of oil refining and pe...

With Hyundai’s Genesis GV60, your face is the key to unlock the door

If you own Hyundai Motor Co.'s latest premium electric crossover, the GV60, set for roll-out next month, you can just touch the handle and show your...

Korea stocks, won tumble as foreigners dump $1 bn in equity futures

South Korean stocks and the won currency lost ground with the main Kospi ending below the 3,100 mark for the first time in five weeks as foreign inv...

BTS heads to LA for first live concert since COVID-19

BTS will travel to Los Angeles in November for its first live concert since the outbreak of the COVID-19 pandemic. BTS said on Sept. 28 on its offic...

Korea property startup Kasa to launch exchange in Singapore

Kasa Korea Co., a property investment platform, is set to expand its services to help global users invest in real estate in the world by obtaining l...

Batteries, chips strengthen US-Korea economic ties

Battery and chip industries are reinforcing economic cooperation between the United States and South Korea, expanding their ties focused on security...

Korean startup FuriosaAI's Warboy overtakes Nvidia

South Korea-based artificial intelligence semiconductor startup FuriosaAI Inc.'s silicon chip has delivered higher performance than the US-based chi...

Samsung Bioepis gets FDA approval for Lucentis biosimilar Byooviz

Samsung Bioepis Co., a leading South Korean biopharmaceutical company, has received approval from the US Food and Drug Administration for its Byoovi...

Korean shipbuilders await improved earnings as LNG carrier price hit all-time high

South Korean shipbuilders, which have secured almost 97% of the orders placed for liquefied natural gas (LNG) carriers this year, expect to see thei...

Celltrion makes first step in streamlining governance structure

South Korea’s pharmaceutical conglomerate Celltrion Group has made its very first step in reforming corporate governance structure by merging ...

North Korea fires two ballistic missiles off its East Coast

SEOUL—North Korea launched two ballistic missiles off its east coast on Wednesday, South Korean and Japanese officials said, in Pyongyang&rs...

Monroe Capital opens first Asian outpost in Seoul

The US private credit markets-focused Monroe Capital LLC has made its foray into Asia by opening an office in South Korea, where the National Pensio...

Ruling party calls for BOK's active role to aid COVID victims

South Korea's ruling Democratic Party has called on the Bank of Korea (BOK) to take a more active role to aid pandemic-hit small business operators ...

Amazon Global Store shakes up S.Korea’s e-commerce scene

Amazon Global Store posted a stellar first-week performance in South Korea. The service, launched at the end of August on SK Telecom Co.’s onl...

LG Chem to set up next-generation bio-oil plant in Korea

South Korea’s LG Chem Ltd. plans to build a next-generation bio-oil plant in the country with a local biodiesel company as the petrochemical m...

US, Korea approve nuclear fuel recycle technology

Authoritie of the United States and South Korea officially endorsed the results of a joint research on Pyro-SFR, a cutting-edge technology that re...

Iljin Hysolus shares hit ceiling on first day of trading

South Korea’s only mass-producer of hydrogen tube trailers, Iljin Hysolus Co. made a strong debut on Kospi by reaching the price ceiling on it...

Hyundai Motor develops Roblox virtual mobility experience game

South Korea’s top automaker Hyundai Motor Co. has developed an interactive metaverse game to be played on its online entertainment platform Ro...

Hyundai Heavy, Babcock join forces for Korea’s first aircraft carrier

Hyundai Heavy Industries Co. teamed up with British engineering company Babcock International to develop South Korea’s first aircraft carrier....