S.Korea to have 1st civilian defense minister in decades, career technocrats

S.Korea to have 1st civilian defense minister in decades, career technocrats

South Korean President Lee Jae-myung on Monday announced a sweeping Cabinet reshuffle, naming a mix of career technocrats, senior lawmakers and &mda...

POSCO inducted into World Steel Dynamics’ Hall of Fame

POSCO inducted into World Steel Dynamics’ Hall of Fame

South Korea’s POSCO Group has been permanently inducted into the Hall of Fame by the World Steel Dynamics (WSD), a US steel industry research ...

S.Korea eases path for foreign REITs in senior housing push

S.Korea eases path for foreign REITs in senior housing push

South Korea, grappling with a fast-aging population, has relaxed development and ownership rules for senior housing, opening the sector to foreign h...

Now, it’s K-vehicle: KG Mobility, Kia lead S.Korea’s military vehicle exports

Now, it’s K-vehicle: KG Mobility, Kia lead S.Korea’s military vehicle exports

South Korea’s once domestically focused automakers are making significant inroads into the global defense sector, with a string of recent cont...

Tencent to become SM Entertainment's No. 2 shareholder via HYBE deal

Tencent to become SM Entertainment's No. 2 shareholder via HYBE deal

Tencent Music Entertainment Group is set to become the second-largest shareholder of SM Entertainment Co. by acquiring HYBE Co.'s remaining shares i...

CJ CheilJedang scraps $3.5 bn green bio sale, shifts gears to expansion

CJ CheilJedang scraps $3.5 bn green bio sale, shifts gears to expansion

CJ CheilJedang Corp., South Korea’s largest food and beverage company, said on Wednesday it has scrapped a planned sale of its green bio busin...

Activist fund Oasis boosts Korea team amid investor-friendly policy shift

Activist fund Oasis boosts Korea team amid investor-friendly policy shift

Hong Kong-based activist fund Oasis Management is ramping up hiring for its Korea team as Seoul’s push to boost corporate value and strengthen...

Samsung seeks tech alliance with top US universities for robotics, AI, 6G

Samsung seeks tech alliance with top US universities for robotics, AI, 6G

In an ambitious bid to shape the future of technology, Samsung Electronics Co. is launching a sweeping initiative to collaborate with elite North Am...

LG Display eyes turnaround on China's shift to OLED

LG Display eyes turnaround on China's shift to OLED

LG Display Co., the world’s top large-sized organic light-emitting diode (OLED) panel maker, will likely swing to profit this year for the fir...

Samsung expands automotive MLCC supply to BYD, other Chinese firms

Samsung expands automotive MLCC supply to BYD, other Chinese firms

Samsung Electro-Mechanics Co. is supplying several million dollars' worth of multilayer ceramic capacitors (MLCCs) to BYD Co. and Chinese automotive...

Hanwha Energy begins IPO process, key to 3rd-generation shift

Hanwha Energy begins IPO process, key to 3rd-generation shift

Hanwha Energy Corp., wholly owned by Hanwha Group Chairman Kim Seung-youn’s three sons, has embarked on the process of going public – a ...

Nexon becomes 1st Korean game publisher with over 4 trillion won in sales

Nexon becomes 1st Korean game publisher with over 4 trillion won in sales

Nexon Co., the parent of Nexon Games Co., became the first Korean game developer to achieve the 4 trillion won ($2.8 billion) sales milestone in 202...

Samsung Heavy sails autonomous demonstration vessel

Samsung Heavy sails autonomous demonstration vessel

The South Korean Ministry of Trade, Industry and Energy announced on Thursday the launch ceremony for Samsung Heavy Industries' autonomous demonstra...

State-run think tank KDI slashes GDP forecast, urges BOK to cut rates

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...

Allies fret over Trump presidency as authoritarian axis challenges US-led order

Allies fret over Trump presidency as authoritarian axis challenges US-led order

Donald Trump is returning to the White House as the world is embroiled in two widening regional wars, America’s rivals are coalescing into a new...

LG Uplus to support AI startup creation

LG Uplus to support AI startup creation

South Korea's LG Uplus Corp. said on Wednesday that it launched the startup support program Shift, which aims to discover and nurture startups, incl...

LG Energy to supply batteries for Ford's electric commercial vehicles

LG Energy to supply batteries for Ford's electric commercial vehicles

LG Energy Solution Ltd., the world’s third-largest electric vehicle battery manufacturer, is set to supply battery cells and modules to US For...

MBK wins enough stake in tender offer to control Korea Zinc

MBK wins enough stake in tender offer to control Korea Zinc

North Asia-focused private equity firm MBK Partners Ltd. has secured a large enough stake in Korea Zinc Inc. through a tender offer to take control ...

Alternative investment experts to gather Oct. 16-17 at ASK 2024

Alternative investment experts to gather Oct. 16-17 at ASK 2024

South Korea’s major institutional investors and global asset managers will gather at the ASK 2024 global alternative investment conference on ...

Korea Investment Corp. appoints Park Il Young as its new CEO

Korea Investment Corp. appoints Park Il Young as its new CEO

South Korean sovereign wealth fund Korea Investment Corporation (KIC) announced on Thursday that it has appointed former World Bank Group executive ...

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 ...

Toyota chairman to visit Seoul, discuss hydrogen cars with Hyundai’s Chung

Toyota chairman to visit Seoul, discuss hydrogen cars with Hyundai’s Chung

Akio Toyoda, chairman of Japan’s top automaker Toyota Motor Corp., will fly to Seoul in late October to meet with Hyundai Motor Group Chairman...

AI-driven shifts will unlock opportunities: SK Chairman

AI-driven shifts will unlock opportunities: SK Chairman

Challenges are ahead but the artificial intelligence industry will eventually boom, opening new markets, said South Korea’s second-largest bus...

Samsung shifts to MediaTek for Galaxy Tab S10 chipsets

Samsung shifts to MediaTek for Galaxy Tab S10 chipsets

Samsung Electronics Co. will use MediaTek Inc.’s high-end application processor (AP) Dimensity 9300+ instead of Qualcomm's Snapdragon chipsets...

Samsung Galaxy Z foldable's pre-sales soars 40% rise in India

Samsung Galaxy Z foldable's pre-sales soars 40% rise in India

Samsung Electronics Co.'s latest foldable phones showed strong sales potential in India, the world's most populous country, with pre-sales for the G...

Hyundai Motor Group, Oxford Univ. establish Foresight Center

Hyundai Motor Group, Oxford Univ. establish Foresight Center

Hyundai Motor Group announced on Tuesday that it partnered with the University of Oxford and established the Oxford-Hyundai Motor Group Foresight Ce...

Tencent-backed Shift Up to raise up to $313 mn in IPO

Tencent-backed Shift Up to raise up to $313 mn in IPO

Shift Up Corp., the South Korean game developer behind the global hit game “Goddess of Victory: Nikke,” could raise up to 435 billion wo...

d’Alba maker Bmonument, Memebox, Easytem line up for Korean IPOs

d’Alba maker Bmonument, Memebox, Easytem line up for Korean IPOs

South Korea’s promising beauty and healthcare device startups are looking to go public on the domestic bourse to scale up after gaining popula...

Dongbu Corp exceeds $730 bn in new orders

Dongbu Corp exceeds $730 bn in new orders

South Korea's Dongbu Corporation surpassed 1 trillion won ($727 million) in new orders this year by securing a 200 billion won ($145 million) railwa...

Tencent-backed Shift Up seeks June IPO at $2.6 bn value

Tencent-backed Shift Up seeks June IPO at $2.6 bn value

South Korean gaming firm Shift Up Corp. is eyeing an initial public offering on the main Kospi in June, with an enterprise value of 3.48 trillion wo...

President Lee meets Hyundai, LG chiefs, promotes ‘one team’ approach Hanwan Ocean wins $1.4 bn order to build 7 LNG dual-fuel ships K-content reign continues as Squid Game returns in force South Korea’s EV exports rebound in June after 16-month decline Yes, it’s K-beauty: Strong buying appetite for makeup brands even before they're up for sale