Naver to name new CFO as incumbent financial manager's term nears end

South Korea’s tech giant Naver Corp. is expected to soon announce a new chief financial officer as its current CFO Kim Nam-sun, credited for t...

HJ S&C wins $200 mn Philippines new port construction project order

HJ Shipbuilding & Construction Co. (HJ S&C) said on Thursday its construction division secured a 280 billion won ($200 million) contract to ...

Hyundai Glovis to build logistics complex in Korea’s top port city

Hyundai Glovis Co., the logistics unit of the world’s third-largest carmaker Hyundai Motor Group, plans to establish a logistics complex in Bu...

KOGAS executes first simultaneous LNG bunkering in Korea

South Korea's state-run Korea Gas Corp. (KOGAS) said on Friday that its subsidiary, Korea LNG Bunkering, successfully carried out the country’...

Kia releases 2024 model year of K9

Kia Corp., South Korea’s No. 2 automaker, released its flagship sedan K9’s model year The 2024 K9 on Tuesday. Kia has enhanced the ext...

STX to develop Gargoub port in Egypt with grain silos

STX Corp., a South Korean general trading company, is expected to develop a Mediterranean port in Egypt and build grain silos at the port, a move ex...

Staying 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 commercial district...

CJ Logistics revamps itself into tech-based company

South Korea’s CJ Logistics on Monday said it has revamped its internal organization that it had maintained since its foundation in 1930. ...

US to send Its biggest sub to Korean Peninsula in message to North and South

SEOUL—The U.S. plans to send its largest nuclear-armed submarine to South Korea for the first time in four decades, in an effort to deter Nort...

S.Korea opens logistics center at Surabaya port, Indonesia

South Korea said it opened a logistics center at a port in Surabaya, Indonesia, to support exports to Southeast Asia’s top economy.The Ministr...

Russian fresh pollock imported for first time at Donghae Port

As Korean cod, which had been considered everyone's fish, has virtually disappeared, Russian fresh  pollock has finally become available to Kor...

Lotte Data Communication, Lotte E&C, UK Skyports tie up for VTOL

Lotte Data Communication Co. announced on Friday that it has signed a business agreement with Lotte Engineering & Construction and UK-based urba...

Lotte Tour signs with Costa Cruise to resume Korea-Japan routes

Lotte Tour Development Co. signed on Monday an agreement with Costa Cruise, an Italian cruise line, to charter cruise ships in Dubai, the United Ara...

Busan Port's cruise ship visits to resume after 3 years of hiatus

Cruise ship visits to Busan Port, which was suspended after COVID-19, will resume after three years.The Busan Port Authority said Friday that cruise...

Korean Presbyterian pension to tap GPs for alternative assets, equity

Pension Foundation of Presbyterian Church of Korea (PCK Pension), a South Korean retirement plan for pastors and churches, is poised to hire several...

Hyundai E&C wins $158 mn order for port facility construction in Kuwait

South Korea’s Hyundai Engineering & Construction Co. announced Tuesday it won a 220 billion won ($157 million) deal from Kuwait to add sev...

About 1,000 attend Upbit Developer Conference preliminary events

South Korea’s unicorn startup Dunamu Inc. hosted two preliminary events for the Upbit Developer Conference (UDC) scheduled for later this mont...

Korea's Hyundai E&C to build smart green city in Vietnam

Hyundai Engineering & Construction Co. is poised to become the first South Korean company to join Vietnam’s green smart city development p...

Growing sense of déjà vu of 2008 global financial crisis

Private equity firms have snapped up South Korean assets over the past two years, driving their valuations near historic highs in the liquidity-driv...

Samsung’s new foldables: High-stakes game changers in smartphones

Samsung Electronics Co. on Wednesday unveiled its fourth-generation foldable phones – new additions to its high-end line of Galaxy Z Fold and ...

Voyager X plans to beat conglomerates by executing weird, unique ideas

Voyager X is a relatively new artificial intelligence (AI) startup in South Korea. Its founder Nam Se-dong, however, has been a well-known figu...

Korean won at 2-year low, adding to inflationary pressure

South Korea’s won currency skidded to the lowest level in more than two years on Thursday, adding to fears over growing inflationary pressure ...

Korea reiterates reform plans to join MSCI developed markets

South Korea’s Finance Minister Hong Nam-ki reiterated the country will take reform measures such as the extension of the local currency's trad...

Korea’s Busan port congestion worsening with boxes stacked, ships delayed

At the Hyundai Pusan New Port Terminal (HPNT), one of the largest terminals in South Korea’s southeastern port city of Busan, 12 quay cranes a...

Hyundai Glovis, Ulsan Port Authority to build logistics center in Ho Chi Minh City

South Korea’s Hyundai Glovis Co. and a local port authority will build a logistic center in Vietnam’s Ho Chi Minh City to use it as a di...

NPS, CIC joint fund invests in A$9.7 bn Australian port deal

South Korea’s National Pension Service (NPS) has invested A$500 million in a deal of securing a 50-year-lease on Australia’s biggest container and car...

US to send Its biggest sub to Korean Peninsula in message to North and South

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