Hyundai Motor’s high-stakes gambit in US: Cut vehicle prices as rivals hike theirs

Hyundai Motor’s high-stakes gambit in US: Cut vehicle prices as rivals hike theirs

As global automakers raise prices in the US market to respond to new Washington import tariffs, South Korea’s Hyundai Motor Group is taking th...

KakaoBank rallies after winning Thai virtual banking license

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...

World Vision becomes 1st Korean corporate entity to trade crypto

World Vision becomes 1st Korean corporate entity to trade crypto

Non-government organization World Vision Korea has sold its Ethereum holdings, becoming the first Korean legal entity to trade crypto after the Sout...

Hyundai Motor, PIF break ground on Saudi Arabia plant

Hyundai Motor, PIF break ground on Saudi Arabia plant

Hyundai Motor Co. has joined forces with the Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, to build its first manufactur...

LG Electronics breaks ground on $600 mn home appliance plant in India

LG Electronics breaks ground on $600 mn home appliance plant in India

South Korea’s LG Electronics Inc. has broken ground on its third home appliance manufacturing plant in India with a $600 million investment to...

KakaoBank posts record Q1 profit, eyes Thai expansion after Indonesia

KakaoBank posts record Q1 profit, eyes Thai expansion after Indonesia

KakaoBank Corp., a leading South Korean internet-only bank, posted its highest quarterly profit in the first quarter, defying a drop in interest inc...

LS Cable breaks ground on $681 mn underwater cable plant in Chesapeake

LS Cable breaks ground on $681 mn underwater cable plant in Chesapeake

WASHINGTON, D.C. – LS Cable & System Ltd., South Korea’s leading wire and cable manufacturer, has broken ground on its first underwa...

Korea seeks tighter control over digital coins, mulls mandatory disclosures

Korea seeks tighter control over digital coins, mulls mandatory disclosures

South Korea plans to tighten its controls over cryptocurrency trade in the country by mandating information disclosures for listed virtual assets an...

DOR sets sights on TikTok-like virtual world for gamers  

DOR sets sights on TikTok-like virtual world for gamers  

South Korean startup DOR Corporation has thrown down the gauntlet to Discord, a popular global social platform for gamers, with its TikTok-like soci...

Hyundai mulls building 1st overseas steel mill in Louisiana

Hyundai mulls building 1st overseas steel mill in Louisiana

WASHINGTON, D.C. – Hyundai Motor Group is considering building its first overseas steel mill in New Orleans, Louisiana, according to industry ...

Hanmi Semiconductor to build new TC Bonder plant in Incheon

Hanmi Semiconductor to build new TC Bonder plant in Incheon

Hanmi Semiconductor Co., South Korea’s leading chip packaging equipment manufacturer, held a ground-breaking ceremony for its seventh plant of...

CLO Virtual Fashion raises $35 mn

CLO Virtual Fashion raises $35 mn

South Korea's 3D digital fashion solution startup CLO Virtual Fashion said on Monday it raised 50 billion won ($35 million).Atinum Investment Co. an...

Hanmi breaks ground pharmaceuticals complex in Beijing

Hanmi breaks ground pharmaceuticals complex in Beijing

South Korea's Hanmi Pharmaceutical Co. said on Friday that Beijing Hanmi Pharm, its subsidiary in China, held the groundbreaking ceremony for a proj...

Celltrion to break ground on CDMO plant in 2025: Chairman Seo

Celltrion to break ground on CDMO plant in 2025: Chairman Seo

South Korea’s leading biosimilar developer Celltrion Inc. will break ground on its first contract development and manufacturing organization (...

Hyundai Rotem to supply ground weapons to Peru

Hyundai Rotem to supply ground weapons to Peru

South Korea's Hyundai Rotem Co. said on Monday it signed an agreement with the Peruvian Army to supply K2 main battle tanks, armored vehicles, and o...

LG CNS launches AI solution Enerdict for virtual power plant operators

LG CNS launches AI solution Enerdict for virtual power plant operators

LG CNS Co., a leading South Korean IT service provider, has launched Enerdict, an AI-powered solution designed to optimize the operations of virtual...

Samsung Apologizes for Falling Behind in AI Chips Race

Samsung Apologizes for Falling Behind in AI Chips Race

SEOUL—For a major maker of semiconductors such as Samsung Electronics Co. , the artificial-intelligence boom should be a time of great promise...

KT succeeds 5G NTN satellite communication

KT succeeds 5G NTN satellite communication

South Korea's KT Corp. and its satellite subsidiary KT SAT said on Monday their integration of KOREASAT 6 with a terrestrial 5G network, utilizing...

Hyundai Motor releases 2025 IONIQ 5 N

Hyundai Motor releases 2025 IONIQ 5 N

Hyundai Motor Co. said on Tuesday that it released the model year of its high-performance electric vehicle (EV) the 2025 IONIQ 5 N.The 2025 IONIQ 5 ...

SK Hynix’s CXL optimization software tool installed on Linux

SK Hynix’s CXL optimization software tool installed on Linux

SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., said on Monday the key features of its computer expr...

Seoul breaks ground on Mt. Namsan gondola facility

Seoul breaks ground on Mt. Namsan gondola facility

The Seoul Metropolitan Government on Thursday held a groundbreaking ceremony for gondola facilities that will shuttle passengers from the base of Mt...

Hana Financial, SK Telecom buy shares in BitGo

Hana Financial, SK Telecom buy shares in BitGo

Hana Financial Group and SK Telecom Co. acquired shares in BitGo Korea, the Korean unit of a global digital asset trust company, and decided to esta...

LG Uplus, SM Entertainment to launch AI Idols

LG Uplus, SM Entertainment to launch AI Idols

South Korea's LG Uplus Corp. said on Sunday that it will team up with SM Entertainment Co. to develop content using generative artificial intellig...

LG Innotek, Ansys forge digital twin technology partnership

LG Innotek, Ansys forge digital twin technology partnership

South Korea's LG Innotek said on Thursday that it would expand the use of digital twin technology across its operations, partnering with engineering...

LS Cable breaks ground for bus ducts plant in Mexico

LS Cable breaks ground for bus ducts plant in Mexico

South Korea's LS Cable & System Ltd. broke ground for two factories in Mexico on August 2: one for bus ducts, or a large-scale power distributio...

KAI to supply firefighting helicopter to Gangwon Province

KAI to supply firefighting helicopter to Gangwon Province

Korea Aerospace Industries Ltd. (KAI) announced on Friday that it signed a 33 billion won ($24 million) contract with Gangwon Special Self-Governing...

Naver launches Saudi digital twin project for smart cities

Naver launches Saudi digital twin project for smart cities

South Korean internet giant Naver Corp. and the Saudi Arabian government have started a five-year project to build digital twin platforms for Riyadh...

SK Telecom identifies illegal drones using AI

SK Telecom identifies illegal drones using AI

South Korea's SK Telecom Co. announced on Thursday that it developed a communication and AI-integrated module to catch illegal drones using artifici...

Dentlink, virtual lab for dentists around the world

Dentlink, virtual lab for dentists around the world

It's been just over two years since Innovaid Co. launched Dentlink but the South Korean startup has already pivoted from its earlier local market-ce...

Doosan Bobcat to produce construction loaders in Mexico from 2026

Doosan Bobcat to produce construction loaders in Mexico from 2026

Doosan Bobcat Inc., a construction machinery and equipment maker under South Korean conglomerate Doosan Group, aims to boost its sales in North Amer...

Kakao Pay backs out of acquisition deal for SSG Pay, Smile Pay Hanwha in talks to buy five-star hotel Paraspara Seoul Kia's Lego-like PV5 with 16 variants to hit market in July Stray Kids make K-pop history with landmark stadium show in Germany S.Korea’s most prominent business leader returns with all charges cleared