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Korean innovators at CES 2024Kia to launch mid-sized purpose-built vehicle PV5 in 2025
Kia Corp., the No. 2 automaker in South Korea, is set to launch its first mid-sized purpose-built vehicle model (PBV) in 2025 an...
Jan 09, 2024 (Gmt+09:00)
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Corporate restructuringTaeyoung’s fresh measures raise hope for debt workout
Taeyoung Group, South Korea’s midsize conglomerate controlling logistics, media and construction businesses, on Tuesday vo...
Jan 09, 2024 (Gmt+09:00)
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EconomyS.Korea’s November travel account deficit doubles vs October
South Korea’s travel account deficit doubled to $1.28 billion in November 2023 compared to the previous month, narrowing t...
Jan 09, 2024 (Gmt+09:00)
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EarningsDisappointing LG Energy earnings dim outlook amid weak EVs
LG Energy Solution Ltd., the world’s second-largest battery maker, disappointed investors with quarterly earnings on the s...
Jan 09, 2024 (Gmt+09:00)
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ConstructionSsangyong E&C wins $57 million deal to build solar cell plant in Haiti
South Korea’s Ssangyong Engineering & Construction Co. (Ssangyong E&C) said on Tuesday it has won a $57 million de...
Jan 09, 2024 (Gmt+09:00)
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Shipping & ShipbuildingHD KSOE secures deal for building 15 product carriers worth $717 mn
HD Korea Shipbuilding & Offshore Engineering, a key intermediate holding company of HD Hyundai Group, announced on Tuesday t...
Jan 09, 2024 (Gmt+09:00)
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BatteriesEcoPro establishes Global Resources Office for securing core minerals
South Korean battery materials manufacturer EcoPro Co. announced on Tuesday that it has established a "Global Resources Office" ...
Jan 09, 2024 (Gmt+09:00)
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BatteriesSTX invests in stake in 1.5 mn ton lithium deposit in Peru
STX Corp., a South Korean general trading company, has secured lithium, a key material for secondary batteries, and obtained a s...
Jan 09, 2024 (Gmt+09:00)
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EnergyQcells, Microsoft strike 12GW solar panel deal
Hanwha Q Cells Co., a solar power unit of South Korea’s chemicals-to-defense conglomerate Hanwha Group also known as Qcell...
Jan 09, 2024 (Gmt+09:00)
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Korean foodKorean chicken chains accelerate overseas expansion
South Korean chicken chains are accelerating their overseas expansion, driven by a saturated domestic market and the growing pop...
Jan 09, 2024 (Gmt+09:00)
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Bio & PharmaSamsung eyes biotech investments via Flagship Pioneering
Samsung C&T Corp., Samsung Biologics Co. and Samsung Bioepis Co. will ramp up investments in US biotechnology startups in co...
Jan 09, 2024 (Gmt+09:00)
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Korean innovators at CES 2024LG Display unveils brightest OLED TV panel for turnaround
LAS VEGAS, NV -- LG Display Co., the global leading manufacturer of large-size organic light-emitting diode (OLED) panels, intro...
Jan 09, 2024 (Gmt+09:00)
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Korean chipmakersDRAM prices to rise up to 18% in Q1 2024: report
Memory chip prices are poised for a significant jump in the first quarter of 2024, with mobile DRAM spearheading the increase, a...
Jan 09, 2024 (Gmt+09:00)
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AirlinesSouth Korean LCCs soar as long-haul carriers struggle
South Korea's low-cost carriers (LCCs) are enjoying a surge in demand as the country emerges from the COVID-19 pandemic, while m...
Jan 09, 2024 (Gmt+09:00)
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EarningsSamsung’s narrowed Q4 chip losses fuel bullish 2024 outlook
Samsung Electronics Co., the world’s largest maker of memory chips, smartphones and TVs, said on Tuesday its chip business...
Jan 09, 2024 (Gmt+09:00)