Samsung’s AI-powered robot vacuum cleaner takes on China’s Roborock

South Korean tech giant Samsung Electronics Co.'s AI-powered robot vacuum cleaners are rapidly catching up to Chinese products, which dominate the K...

Hyundai Motor logs highest-ever Q3 revenue; margin drops

Hyundai Motor Co. on Thursday reported its worst quarterly profit margin for this year, despite delivering its highest-ever revenue for a third quar...

Hyundai zeroes in on hybrid cars, longer-range EVs

Hyundai Motor Co. will double its hybrid vehicle lineup to 14 models and develop longer-range electric vehicles to overcome a prolonged slowdown or ...

SK's Chey rebuts court's SK unit value estimate for divorce

SK Group Chairman Chey Tae-won on Monday said the Seoul High Court has innacurately inflated his contribution to the growth of SK C&C, a busines...

LG unveils new stick vacuum cleaner with 20% less weight

LG Electronics Inc. released the cost-effective wireless vacuum cleaner LG CordZero A9 Air on Monday, reducing product weight and price burdens.Th...

Korean LPs stick to private debt amid market uncertainties

South Korean limited partners will tap private debt as their most preferred asset class in 2024 to secure stable income amid geopolitical conflicts an...

Samsung to unveil AI-feature vacuum cleaner at CES

Samsung Electronics Co. announced on Thursday that it will unveil a new vacuum cleaner, the Bespoke Jet Bot Combo, at the upcoming CES 2024. This ...

S.Korea leads world in patent applications for robot vacuum cleaners

South Korea leads the world in the number of patent applications for robot vacuum cleaners.The Korean Intellectual Property Office on Sunday said th...

Lotte Wellfood promotes Pepero Day in New York

South Korea's Lotte Wellfood Co. announced on Thursday it has started the global campaign for Pepero in the US, the company's iconic chocolate-cover...

Kim Young-shub, ex-LG CNS chief, to lead Korea’s telecom giant KT

Kim Young-shub, former chief executive of information technology service provider LG CNS Co., has been named to head South Korea’s leading tel...

Samsung’s Bespoke Jet AI sweeps global acclaim

Bespoke Jet AI, the cordless stick vacuum cleaner of Samsung Electronics Co., continues to receive international recognition for its superior techno...

Korean KT Cloud to raise $452 mn from IMM via rights offering

KT Cloud Corp., a subsidiary of South Korea’s telecom giant KT Corp., is set to raise 600 billion won ($452 million) from a unit of Seoul-base...

CJ Olive Young targets Japanese sun care products market

Round A'round, South Korea's top beauty chain CJ Olive Young's own cosmetic brand, announced on Thursday that its popular sun care item "Greentea Ci...

Kolmar Korea develops eco-friendly paper stick for cosmetic

Kolmar Korea, a supplier to global cosmetics brands such as Estee Lauder, has unveiled a new paper stick container made from mineral paper that is c...

Samsung Electronics launches latest stick vacuum cleaner via catwalk

Samsung Electronics Co. on Tuesday said it launched the unique publicity campaign "Jet Walk" stressing "an uber-powerful cleaning show the world has...

KT faces protracted leadership vacuum amid political meddling

Yoon Kyoung-lim, the sole nominee to be KT Corp.’s next chief executive, has offered to resign, sending the selection committee of the top S...

Samsung considers chip output cut as first-quarter loss looms large

Samsung Electronics Co., the world’s largest memory chipmaker, is considering slashing its semiconductor production as the company is heading ...

KCC to mass produce ceramics for eco-friendly vacuum interrupters

KCC Corp. said on Thursday that it would mass produce ceramic products for eco-friendly vacuum interrupters that do not emit sulfur hexafluoride (SF...

Hyundai Home Shopping to divest rental unit for $107 mn

Hyundai Home Shopping Network Corp., a TV shopping channel operator owned by South Korea's Hyundai Department Store Group, said on Dec. 26 it will s...

Korea’s Iljin sticks to higher stake sale price than bid

Iljin Materials Co.’s sale process has reached a deadlock as its Chief Executive Heo Jae-Myeong is holding to its price to sell a controlling ...

Samsung’s stock underlines cloudy outlook despite record Q1

Shares of Samsung Electronics Co. fell to a fresh 52-week low on Thursday despite posting record sales for the third consecutive quarter as investor...

Kiturami Boiler bets on chip, battery facility systems

Choi Jin-min, founder and chairman of Kiturami Boiler Co., is one of the few living witnesses in South Korea's boiler history. At the age of 21, he ...

Global carmakers deliver unfinished cars due to chip shortage

Global carmakers are now delivering unfinished cars, or vehicles without popular convenience features such as USB ports, to appease customers runnin...