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Corporate restructuringNaver, Com2uS slash workforce to downsize new businesses
South Korea’s leading online platforms and gaming publishers such as Naver Corp., Com2uS Corp. and Kakao Corp. have joined...
Jan 18, 2024 (Gmt+09:00)
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AutomobilesHyundai Motor, Kia rank 4th in Europe with record 2023 sales
South Korea’s top automaker Hyundai Motor Group saw its vehicle sales in Europe rise to a fresh record high in 2023, drive...
Jan 18, 2024 (Gmt+09:00)
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Artificial intelligenceKorean startup Moreh tops global large language model test
South Korean artificial intelligence tech startup Moreh Inc. said on Thursday that its large language model (LLM) topped a perfo...
Jan 18, 2024 (Gmt+09:00)
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Corporate bondsHanwha bond bookbuilding 10 times oversubscribed
Hanwha Corp., the parent company of Hanwha Group, announced on Thursday that it had received orders totaling 1.49 trillion won (...
Jan 18, 2024 (Gmt+09:00)
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Banking & FinanceS.Korea’s LS Group wins regulatory nod for securities biz
South Korea’s electrics components-to-energy conglomerate LS Group is set to start the securities business as it secured r...
Jan 18, 2024 (Gmt+09:00)
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Artificial intelligenceSamsung AI features on 100 mn Galaxy phones by year-end: mobile chief
SAN JOSE, Calif. – Samsung Electronics Co., said on Wednesday it aims to have at least 100 million units of its flagship G...
Jan 18, 2024 (Gmt+09:00)
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Banking & FinanceWoori Financial to bolster private banking service: chairman
Woori Financial Group, South Korea’s fourth-largest financial holding company, will reinforce its wealth management servic...
Jan 18, 2024 (Gmt+09:00)
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BatteriesS.Korea, Indonesia to strengthen battery materials supply chain
South Korea and Indonesia plan to strengthen the collaboration to establish an electric vehicle (EV) battery ecosystem, capita...
Jan 18, 2024 (Gmt+09:00)
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Foreign exchangeToss Bank launches commission-free foreign exchange services
South Korea’s fintech platform Toss Bank said on Thursday it has launched commission-free foreign exchange services for th...
Jan 18, 2024 (Gmt+09:00)
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BatteriesLG Chem sees up to 25% battery sector growth in 2024: report
South Korea’s LG Chem Ltd., the parent of the world’s second-largest electric vehicle battery maker LG Energy Soluti...
Jan 18, 2024 (Gmt+09:00)
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ElectronicsLG unveils new air conditioner with AI smart care
LG Electronics Inc. on Thursday announced that it released 2024 LG Whisen Objet Collection Tower air conditioner, which features...
Jan 18, 2024 (Gmt+09:00)
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Beauty & CosmeticsKorean cosmetics makers' profits soar as niche brands grow
Kolmar Korea Co. and Cosmax Inc., South Korea’s leading cosmetics suppliers to multinational conglomerates like L'Or&eacut...
Jan 18, 2024 (Gmt+09:00)
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Fiber & TextileS.Korea’s Hyosung to expand tire cord business to India
DAVOS, Switzerland -- Hyosung Group, a South Korean textile-to-chemicals conglomerate, plans to expand its tire cord business to...
Jan 18, 2024 (Gmt+09:00)
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Bio & PharmaCelltrion to export three anticancer drugs to Europe
South Korea’s Celltrion Inc. announced on Thursday that it has secured supply contracts for three anticancer biosimilars i...
Jan 18, 2024 (Gmt+09:00)
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ElectronicsLG Innotek, AOE join hands to lead vehicle, XR camera module markets
South Korea’s major camera module maker LG Innotek Co. has joined hands with AOE Optronics Co., an automotive lens-making ...
Jan 18, 2024 (Gmt+09:00)
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Electric vehiclesPOSCO Int'l to supply motor cores to Hyundai, Kia in Europe
POSCO International Corp. announced on Thursday that it has secured an order for 1.03 million units of motor cores, which will b...
Jan 18, 2024 (Gmt+09:00)
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AutomobilesHyundai N Vision 74 wins 2023 Good Design Award
Hyundai Motor Group announced on Thursday that its nine products across Hyundai Motor Co., Kia Corp., and premium brand Genesi...
Jan 18, 2024 (Gmt+09:00)
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ElectronicsSamsung Galaxy S24 heralds dawning of AI smartphone era
SAN JOSE, Calif. – Samsung Electronics Co. on Wednesday unveiled its latest flagship smartphone Galaxy S24 series, which i...
Jan 18, 2024 (Gmt+09:00)