K-beauty craze sends Olive Young online sales to new heights

CJ Olive Young Corp., South Korea’s top beauty store chain, is another beneficiary of the global K-beauty surge, with its online cosmetics sal...

Mirae Asset launches world’s 1st passive target-date ETF

Mirae Asset Global Investments Co. is set to introduce the world’s first passive target-date exchange-traded fund (ETF) this month to attract ...

KT unveils 8K resolution AI IPTV set-top box

South Korea's KT Corp. unveiled the first IPTV set-top box supporting 8K resolution (33.2 megapixels) with on-device AI capabilities on Tuesday. Ac...

Hyundai Mobis unveils M.VICS 5.0

Hyundai Mobis, the world’s sixth-largest auto parts maker, unveiled the latest version of its next-generation integrated cockpit system M.VICS...

Korea intensifies rules on CB conversion price adjustment

South Korea will strengthen regulations on the conversion prices of convertible bonds (CBs) to protect stakeholders from excessive share dilution, t...

South Korea to accept Indonesia’s KF-21 project cost cut proposal

South Korea plans to accept Indonesia’s request to cut its share of payments for a joint fighter jet development project to one-third of the o...

SK Innovation to adjust business portfolios for long-term growth

SK Innovation Co., South Korea’s top energy company, is slated to adjust its business portfolios for long-term growth while not planning to sl...

Hyundai Motor aims for next takeoff with $51 billion investment

Hyundai Motor Group plans to spend 68 trillion won ($51 billion) and hire 80,000 new employees over three years as South Korea’s top automaker...

LG Electronics to release 2024 OLED, QNED TVs

LG Electronics Inc. announced on Monday that it will release the 2024 LG OLED TV and QNED (Quantum nano-emitting diode)  TV with enhanced artif...

LG launches new 14-person dishwasher

LG Electronics Inc. announced on Thursday that it released the 14-person LG Dios Objet Collection Dishwasher," which enhances space efficiency and c...

LG unveils new air conditioner with AI smart care

LG Electronics Inc. on Thursday announced that it released 2024 LG Whisen Objet Collection Tower air conditioner, which features an artificial intel...

Samsung TV secures artful color certification from Pantone

Samsung Electronics Co. announced on Tuesday that its 2024 model "The Frame" TV became the first display to receive "Artful Color Certification" fro...

US regulations push Korean battery industry to cut reliance on China

The South Korean battery industry is facing pressure to cut its reliance on Chinese capital as the US government on Dec. 1 issued guidance that will...

NPS logs 8.7% return in Q1-Q3 on stock boom, strong dollar

National Pension Service (NPS) of South Korea posted an 8.66% investment return from January to September of this year with assets under management ...

S.Korea not ready for developed market status: MSCI

MSCI Inc. regards the South Korean stock market as not ready for its developed market status despite a series of reforms, dampening the country&rsqu...

S.Korean ramen's exports reach new heights amid K-content boom

Riding the wave of the K-content craze, South Korean ramen's overseas status is soaring. In the first quarter of this year, the ramen export value e...

Hyundai Mobis, Hyundai Motor develop vehicle height adjustment system

Hyundai Mobis, a global auto parts vendor and affiliate of Hyundai Motor Group, said on Monday that it has co-developed an electronic levelling cont...

NPS posts 7% investment loss in Q1-Q3 as equities, bonds plunge

National Pension Service (NPS) of South Korea said Tuesday it saw a cumulative loss of 7.1% on investment, or 68 trillion won ($51.3 billion), betwe...

Dongwon to adjust merger ratio under pressure from retail investors

Dongwon Group, South Korea’s leading seafood and logistics conglomerate, is changing the merger ratio of its two major affiliates, accepting a...

Coupang poised to turn to black after smallest loss in Q1

South Korea’s e-commerce giant Coupang Inc. reported the smallest quarterly loss on strong product commerce business, raising hopes for a turn...

Brokerages reap big gains as investor-cum-underwriters

South Korean brokerage companies have been criticized for inflating corporate value and IPO prices to boost their underwriting fees. Now they are un...

Bank of Korea sets stage for tightening after holding rates

South Korea’s central bank chief sent a strong indication of tightening later this year after the Bank of Korea (BOK) left its monetary policy...

Jungheung cuts Daewoo E&C acquisition price by $180 mn

KDB Investment, in an announcement on July 5, has confirmed Jungheung Construction Co. as the preferred bidder for the acquisition of Daewoo Enginee...