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EarningsBrokerages cut E-Mart’s share price target after disappointing Q2
South Korea’s largest hypermarket chain E-Mart Inc., a unit of domestic retail giant Shinsegae Group, on Wednesday posted ...
Aug 16, 2023 (Gmt+09:00)
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PetrochemicalsLotte Chemical sells off debt-ridden JV to China's Sanjiang
South Korea’s Lotte Chemical Corp. has divested all shares it owns in Chinese joint venture Lotte Sanjiang Chemical Co., a...
Aug 16, 2023 (Gmt+09:00)
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BatteriesSK On to expand domestic battery cell plant for $1.1 bn
SK On Co., a South Korean rechargeable battery maker, will make its largest-ever domestic facility investment of 1.5 trillion wo...
Aug 16, 2023 (Gmt+09:00)
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AutomobilesHyundai acquires GM’s Indian plant, aims to sell more SUVs, EVs
Hyundai Motor Co. has acquired a car manufacturing plant in India from General Motors Co. as South Korea's top automaker aims to...
Aug 16, 2023 (Gmt+09:00)
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Travel & LeisureHanatour launches real-time travel info-sharing chat app
South Korea's leading travel agency Hanatour Service Inc. has launched the location-based travel-specialized open chat service a...
Aug 16, 2023 (Gmt+09:00)
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Korean chipmakersSamsung's new US chip fab wins first foundry order from Groq
Samsung Electronics Co. has bagged the first foundry order for its new factory that will be up and running later next year in Ta...
Aug 16, 2023 (Gmt+09:00)
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AutomobilesHyundai Motor, Seoul Univ. to establish Future Automotive Mobility
Hyundai Motor Co. and Seoul National University have joined forces to cultivate talent in electric vehicle control and vehicle s...
Aug 16, 2023 (Gmt+09:00)
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EnergySamsung C&T sells 150-MW solar power project in US
South Korea's Samsung C&T Corp. on Wednesday said its US-based green energy affiliate Samsung C&T Renewables sold a proj...
Aug 16, 2023 (Gmt+09:00)
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ElectronicsSamsung's Bespoke Qooker surpasses 200,000 units in sales
Samsung Electronics Co.'s Bespoke Qooker has exceeded cumulative sales of 200,000 units within two years since its launch.Besp...
Aug 16, 2023 (Gmt+09:00)
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Banking & FinanceCitibank Korea’s H1 net profit more than doubles on-year
Global banking giants’ South Korean units saw their first-half earnings led by non-interest income and business expenditur...
Aug 16, 2023 (Gmt+09:00)
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SteelHyundai Steel further scales back on Chinese operations
South Korea’s Hyundai Steel Co. has sold its subsidiary in Chongqing, China to further scale back Chinese operations as it...
Aug 16, 2023 (Gmt+09:00)
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Aerospace & DefenseS.Korean fighter jet FA-50 flies for first time in Europe
South Korea’s sole military aircraft manufacturer Korea Aerospace Industries Ltd. (KAI)'s FA-50 light fighters successfull...
Aug 16, 2023 (Gmt+09:00)
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Korean startupsEnglish tutoring startup Ringle accelerates service diversification
SILICON VALLEY – Ringle English Education Service, a South Korean startup operating a one-on-one English tutoring platform...
Aug 16, 2023 (Gmt+09:00)
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Mergers & AcquisitionsMirae Asset Global Investments buys Australian robo-advisor firm
South Korea's Mirae Asset Global Investments announced its acquisition of Stockspot, a prominent Australian robo-advisor special...
Aug 16, 2023 (Gmt+09:00)
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Food & BeverageBinggrae’s overseas exports soar to record in H1 2023
South Korean food and beverage company Binggrae reported a 27% year-on-year leap in overseas exports, hitting 77.5 billion won (...
Aug 16, 2023 (Gmt+09:00)
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Travel & LeisureStaying 5 hours on cruise ship in Busan raises sales 30%: study
With the resumption of international cruise ship travel to South Korea, domestic credit card company BC Card says daily sales in...
Aug 16, 2023 (Gmt+09:00)
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ElectronicsLG boosts accessibility to home appliances for disabled people
LG Electronics Inc. on September 1 will unveil its Universal Up Kit, which enhances accessibility to home appliances, at this ye...
Aug 16, 2023 (Gmt+09:00)
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AirlinesJeju Air to buy 40 fuel-efficient Boeing passenger planes
South Korea's largest low-cost carrier Jeju Air Co. will buy 40 next-generation passenger planes and lease 10 other new aircraft...
Aug 16, 2023 (Gmt+09:00)
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Rebidding Notice of Share Sales in PT Bayan Resources Tbk
Rebidding Notice of Share Sales in PT Bayan Resources Tbk I. Overview of sale 1. Sellers: Korea Southern Power Co., Ltd.(&ld...
Aug 16, 2023 (Gmt+09:00)