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Mergers & AcquisitionsKorea's two ride hailing apps to merge in H1, become top operator
South Korea’s ride hailing apps TADA and i.M are set to complete their merger as early as the first half of this year, aim...
May 22, 2023 (Gmt+09:00)
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EconomyS.Korea's economy no longer supported by China: BOK head
South Korea’s central bank chief said on Monday the local economy is no longer supported by China given the sustained decl...
May 22, 2023 (Gmt+09:00)
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AirlinesUS antitrust body blocks $1.4 bn Korean Air-Asiana deal
Korean Air Lines Co. ’s acquisition of smaller domestic rival Asiana Airlines Inc. is poised to collapse after the US anti...
May 22, 2023 (Gmt+09:00)
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Banking & FinanceKorea's loan delinquency rates soar; outlook to worsen in H2
South Korean banks are seeing loan delinquency rates surge due to the increase in lending during the pandemic and a series of ra...
May 22, 2023 (Gmt+09:00)
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Aerospace & DefenseS.Korean Army opens Future & Innovation Research Center at KAIST
South Korean army announced that the Korea Army Research Center for Future & Innovation, a defense-related advanced science ...
May 22, 2023 (Gmt+09:00)
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Tech, Media & TelecomSpaceX pushes back Starlink's S.Korea launch to Q4
Starlink, low-orbit satellite internet constellation operated by the US aerospace company SpaceX, has delayed the launch of its ...
May 22, 2023 (Gmt+09:00)
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Chemical IndustryHyosung Chemical makes emergency investment in crisis-hit Vietnamese subsidiary
Hyosung Chemical announced on Monday that it will invest $120 million in its Vietnamese subsidiary, Hyosung Vina Chemicals Co.Hy...
May 22, 2023 (Gmt+09:00)
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Korean stock marketFunds from West to emerging Asia power S.Korean stocks
Foreigners reported a record purchase of South Korean shares despite a global economic slowdown, as money moved from the US and ...
May 22, 2023 (Gmt+09:00)
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Content platformsA Goliath vs. Davids battle in the S.Korean OTT market
Netflix Inc. is poised to further distance itself from its money-losing local peers in the South Korean video streaming market t...
May 22, 2023 (Gmt+09:00)
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Korean chipmakersSamsung, SK Hynix face collateral damage from Micron chip ban
South Korea’s two major chipmakers — Samsung Electronics Co. and SK Hynix Inc. — are feeling the heat as they ...
May 22, 2023 (Gmt+09:00)
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Business & PoliticsUAE to find $2 bn investment opportunities in S.Korea
The United Arab Emirates (UAE) is reviewing $2 billion worth of investment project in South Korea, such energy and information c...
May 22, 2023 (Gmt+09:00)
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SportsAnother Foreigner Detained in China, This Time a Korean Soccer Pro
SINGAPORE—Chinese police have detained a South Korean soccer player on allegations of bribery, the latest in a spate of en...
May 22, 2023 (Gmt+09:00)
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EnergyHD Hyundai Energy Solutions wins its first solar module order in Africa
South Korea's HD Hyundai Energy Solutions Co., HD Hyundai Co.'s solar power subsidiary, on Monday said it will supply solar modu...
May 22, 2023 (Gmt+09:00)
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AutomobilesRenault Korea seeks to establish R&D center in Busan
Renault Korea has announced plans to establish an R&D center in Busan.The Busan city government announced it will sign a "Bu...
May 22, 2023 (Gmt+09:00)
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Carbon neutralityS.Korea selects 100 core technologies to achieve carbon neturality
South Korea has designated 100 core technologies to achieve carbon neutrality including heat pumps that retrieve heat from air a...
May 22, 2023 (Gmt+09:00)
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Bio & PharmaCelltrion Healthcare launches Remsima SC in Brazil
South Korean biopharmaceutical company Celltrion Healthcare Co. revealed on Monday its introduction of Remsima SC, a treatment f...
May 22, 2023 (Gmt+09:00)
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AutomobilesHyundai’s N Vision 74 praised at Italy’s classic-concept car show
Hyundai Motor Co., which has stunned the auto industry with its rebuilt 1974 Pony Coupe concept, has again enthralled car e...
May 22, 2023 (Gmt+09:00)
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Corporate strategyLG Innotek seeks to bolster innovation through a broader talent pool
Efforts by LG Innotek Co. to diversify its talent pool have borne fruit by boosting its competitive edge, under its chief exec...
May 22, 2023 (Gmt+09:00)
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AutomobilesHyundai completes Nürburgring 24 Hours for 8th consecutive year
South Korea's Hyundai Motor Co. announced on Monday that its Elantra N TCR (known domestically as Avante N TCR) and i30 Fastback...
May 22, 2023 (Gmt+09:00)
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Food & BeverageCJ CheilJedang builds world's biggest frozen pizza plant in US
South Korean food giant CJ CheilJedang Corp. built the world's largest frozen pizza plant in the US to overtake Nestle on the re...
May 22, 2023 (Gmt+09:00)
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BatteriesResumption of LG Energy Solution's JV in Canada gets green light
South Korea’s LG Energy Solution Ltd. has received the green light to resume construction of an electric-vehicle battery...
May 22, 2023 (Gmt+09:00)
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K-popFifty Fifty sets new record for K-pop girl group with Spotify listeners
K-pop rookie Fifty Fifty has surpassed 34.3 million monthly listeners on Spotify, the world's largest music streaming site, its ...
May 22, 2023 (Gmt+09:00)