Genesis targets broader European presence with EV trio
Genesis, Hyundai Motor Co.'s premium brand, is expanding its European footprint to four additional countries –France, Spain, Italy and the Net...
Kumho Tire shuts Gwangju plant after fire, derailing record sales run
Kumho Tire Co. has suspended all operations at its Gwangju plant in South Korea after a fire destroyed 50-60% of the production lines in one of its ...
Hanwha Ocean shares sink after KDB's sale of 4.2% stake
Investors rushed to dump Hanwha Ocean Co. shares early Tuesday after its second-largest shareholder, Korea Development Bank, cashed in on a 4.2% sta...
Meritz drops bid for troubled MG Non-Life Insurance; Liquidation looms
Meritz Financial Group Inc., South Korea’s second-most valuable financial holding firm, has dropped its bid to acquire financial distressed MG...
Korea Investment & Securities explores new products with global firms
Korea Investment & Securities Co. (KIS), a unit of Korea Investment Holdings Inc., is exploring new global investment products tailored for Sout...
Hanwha agrees to buy 60% stake in Ourhome for $599 mn
South Korea’s Hanwha Group, which is seeking to re-enter the catering market five years after leaving the sector, has agreed to buy a nearly 6...
Former LG man leaves KKR to start PEF
Lim Hyoung-seok, former Vice President of KKR Korea, left the private equity giant’s Seoul office and established his private equity fund (PEF...
NPS initiates strategic currency hedging to unleash up to $48.2 billion
The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, is set to beg...
Doosan Enerbility, KAI to cooperate on aero engine localization
South Korea's Doosan Enerbility Co. and Korea Aerospace Industries Ltd. (KAI) said on Tuesday that the two companies signed a memorandum of understa...
Google unveils Android XR platform to launch on Samsung headset
SILICON VALLEY/SEOUL -- Global tech giant Google LLC on Thursday introduced a new operating system for extended reality (XR) devices to be installed...
Samsung foundry ‘relief pitcher’ Han Jin-man vows to improve 2-nm yields
Samsung Electronics Co.'s new contract chipmaking business chief said on Monday he will go all-in to improve the company’s advanced 2-nanomete...
Samsung reshuffles top brass; Co-CEO to control memory business
Samsung Electronics Co., the world’s No. 1 memory chipmaker, reshuffled its leadership on Wednesday in a sweeping move as it faces an uph...
North Korea Sent a Mystery Man to Lead Its Troops Fighting Ukraine
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Cookie Run: Tower of Adventures named Google Play's Best Game
"Cookie Run: Tower of Adventures", the globally popular mobile game of South Korean game developer DevSisters Corp., was selected the Best for Googl...
State-run think tank KDI slashes GDP forecast, urges BOK to cut rates
The Korea Development Institute (KDI), South Korea’s state-run think tank, has slashed its forecasts for the country’s economic growth f...
Global sportswear brands race to ride on Korea’s running craze
Global sportswear makers have stepped up competition in South Korea to take advantage of the country’s growing running craze with major brands...
DevSisters, VNG Games sign Cookie Run Asia publishing deal
South Korean game developer DevSisters Corp. said on Friday that it signed a publishing agreement with Vietnamese game company VNG Games for "Cookie...
BTS Jin to open pop-up for solo album release
BTS Jin will open a pop-up titled “Running Wild to Happiness” from November 19 to December 1 at The Hyundai Seoul, marking the release o...
Korean brokerages flock to debt market with securities bonds on bull run
South Korea’s leading brokerage houses are flocking to the debt market as bonds issued by securities companies are in growing demand, industry...
Hyundai, Kia production may be disrupted by subsidiary labor strike
Hyundai Motor Co. and Kia Corp., South Korea’s two largest carmakers, are likely to face disruptions in local production as their auto parts s...
Lotte Shopping to set up Singapore holding firm, eyes its IPO
Lotte Shopping Co., South Korea’s leading retail company, will transform its special purpose company (SPC) in Singapore into a holding firm to...
Korail to join Manila railway maintenance project
South Korea's state-run railway company Korea Railroad Corporation (Korail) said on Monday that it participates in the operation and maintenance (O&...
NCSOFT distributes four Sony game titles in S.Korea
South Korea’s gaming giant NCSOFT Corp. will distribute four popular titles in South Korea through a partnership with Sony Interactive Enterta...
Samsung Galaxy S25 to run on Qualcomm chips
The Galaxy S25, a new iteration of Samsung Electronics Co.'s flagship Galaxy smartphone series, will run on Qualcomm Inc.’s application proces...
Kakao Pay to run Pangyo office with renewable energy
South Korea’s Kakao Pay Corp. said on Monday that it signed a green premium purchase agreement with Korea Electric Power Corp. (KEPCO), the So...
KAI, TAI ink deal to boost T-50TH support
Korea Aerospace Industries Ltd. (KAI) signed a memorandum of understanding (MOU) with Thai Aviation Industries (TAI), Thailand's state-owned aircraf...
Hyosung, Kolon’s tire cord plants running near 100% on insatiable demand
The business outlook is bright for Hyosung Advanced Materials Corp. and Kolon Industries Inc., the world’s top two tire cord producers based i...
Half of EV imports in Korea run on Chinese batteries as EV fires rise
Of 58 electric vehicle models running on the streets of South Korea, 22 models are equipped with Chinese batteries, a survey showed on Friday.Accord...
CJ Group to hold K-festa in Vietnam
South Korea's CJ Group announced on Thursday that it will hold a "CJ K-festa" in Vietnam from Aug. 10 to Sept. 1, focusing on food, sports and movie...
S.Korean stocks log largest daily loss since pandemic
The South Korean stock market dropped more than 3% on Friday to breach the psychologically important barrier of 2,700 in almost two months, after we...
