K-beauty contract manufacturers see record Q2 profits; rally likely to continue

South Korea’s major original design manufacturers (ODMs) for cosmetics, led by Cosmax Inc. and Kolmar Korea Co., are estimated to have posted ...

Blackpink's new single Jump tops Spotify daily chart

Blackpink's new single Jump has rocketed to No. 1 on the Spotify Daily Top Songs Global chart, YG Entertainment Inc., the company behind the girl gr...

KakaoBank rallies after winning Thai virtual banking license

Shares in KakaoBank Corp. soared as much as 17% to hit their highest level in nearly three years on Friday after the South Korean internet-only bank...

CJ CGV under pressure to shed China, Vietnam cinema assets

MBK Partners and Mirae Asset Securities Co. are considering divesting of their holdings in CGI Holdings Co., which oversees CJ CGV Co.’s multi...

S.Korean President Lee, Japanese Prime Minister Ishiba seek closer ties

South Korea’s newly elected President Lee Jae-myung on Monday had his first official telephone conversation with Japanese Prime Minister Shige...

SK Earthon secures rights to explore 2 offshore oil blocks in Indonesia

SK Earthon Co., the petroleum exploration and production (E&P) unit of South Korea’s top energy company SK Innovation Co., has secured rig...

Korea's science ministry picks 10 AI, digital startups to back global growth

South Korea’s Ministry of Science and ICT on Thursday announced that it has selected 10 startups founded by Koreans in a program to support th...

S.Korea’s GEPS to commit $143 million to foreign mid-cap buyout funds

The Government Employees Pension Service (GEPS), one of South Korea’s top three public pension programs, will commit up to 200 billion won ($1...

Hyundai Motor posts solid Q1; rough road ahead on Trump's auto tariffs

South Korea’s top automaker Hyundai Motor Co. defied mounting global trade headwinds and a fresh round of US import tariffs to deliver record ...

India: Tantalizing frontier for K-food’s global ambitions beyond China

South Korea’s processed food exports to India have surged to a record 6 trillion won ($4.1 billion), marking a significant milestone in the gr...

Ex-US Congressman Drew Ferguson to head Hyundai's Washington office

Hyundai Motor Group has appointed former Republican Congressman Drew Ferguson as head of its Washington office, a strategic move designed to bolster...

S.Korean shipbuilders rally as Trump hints at buying foreign ships

South Korean shipbuilding stocks soared on Friday on news that US President Donald Trump indicated that the world’s No. 1 economy may purchase...

IGIS taps Samjong KPMG, Cushman & Wakefiel, NAI for sale of AP Tower

IGIS Asset Management Co., a leading South Korean real estate investment firm, has chosen a consortium of Samjong KPMG Accounting Corp., Cushman &am...

Hyundai chief Chung, GM CEO Barra to meet September in Detroit

Hyundai Motor Group Executive Chairman Chung Euisun and General Motors Co. Chair and Chief Executive Mary Barra are slated to meet in September in D...

Hanwha Aerospace slashes planned rights offering size to $1.6 billion

Hanwha Aerospace Co., a leading South Korean defense company, said on Tuesday it plans to slash the size of its proposed rights offering to 2.3 tril...

Samsung, LG review strategies as Trump slaps Vietnam with steeper tariffs

South Korea’s two leading electronics makers – Samsung Electronics Co. and LG Electronics Inc. – are being forced to reassess thei...

MicroDigital's Disco Pang Pang-inspired bioreactors debut in US

MicroDigital Co., a bio-instrument and diagnostic kit manufacturer, is set to launch single-use bioreactors in the US, marking the first shipment of...

Hyundai’s new American dream comes with new plant, more spending

ELLABELL, Georgia – When Hyundai Motor Group Honorary Chairman Chung Mong-koo opened the South Korean automaker’s first US plant in Alab...

Hyundai Motor shares rally after US investment plan

Hyundai Motor’s shares gained ground after it unveiled a new U.S. investment plan to help avoid President Trump’s tariffs.The South Kore...

Kia to ramp up Seltos output to meet high global demand

Kia Corp. will expand production of its compact sport utility vehicle, the Seltos, after selling 310,000 units of the model across the globe, making...

Chinese games expand foothold in South Korea

Chinese games are making deep inroads into South Korea, increasing their presence in the mobile gaming market amid a lack of restrictions on foreign...

Korea to create new visa for high-quality foreign talent

South Korea said on Wednesday it plans to create a new visa to attract high-level foreign talent for advanced industries such as artificial intellig...

Bank of Korea cuts rates, growth forecast on Trump tariff policy

South Korea’s central bank on Tuesday cut interest rates while sharply reducing its economic growth forecast as lingering political turmoil fo...

Kia hits record 2024 sales; profit margins highest among global automakers

South Korea’s second-largest automaker Kia Corp. on Friday posted its highest-ever annual sales, operating profit and profit margins in 2024, ...

Hyundai Steel sells over 1 mn tons of auto steel to non-captive customers

Hyundai Steel Co., South Korea’s second-largest steelmaker, sold more than 1 million tons of automotive steel sheets to overseas automakers ot...

Hyundai's Chung urges guarding against pessimism in ‘perfect storm’

Hyundai Motor Group Executive Chairman Chung Euisun on Monday urged executives and employees to guard against pessimism amid a “perfect storm&...

Korea sharply cuts 2025 growth forecast, opens door for extra budget

South Korea sharply lowered its economic growth forecast for this year amid the prolonged political turmoil following President Yoon Suk Yeol’...

China's Miniso re-enters S.Korea

Miniso, a household goods store known as "the Chinese version of Daiso", has re-entered South Korea after three years.According to the retail indust...

Baby Shark receives three Emmy nominations

South Korea's The Pinkfong Company, popularly known for its "Baby Shark" character, said on Friday that "Baby Shark’s Big Movie" received thre...

Daesang launches kimchi brand with three-Michelin-star chef

South Korean leading food maker Daesang Corp., the operator of kimchi brand Jongga, said on Thursday it launched San Ho Won with three-Michelin-star...