Aekyung Chemical develops hard carbon of SIB
South Korea's Aekyung Chemical Co. announced on Wednesday that it developed a high-performance hard carbon material that functions as the main anode...
Korea’s Orion to ship bottled water to China to challenge Evian
Orion Holdings Corp., the holding company of South Korea’s confectionary and snack maker Orion Corp., is set to export bottled water to China,...
Hyundai Wia to defend against illegal drones
South Korea's second-largest automotive parts supplier Hyundai Wia Corp. plans to develop an anti-drone system (ADS) technology tailored to the uniq...
Five most common frustrations of Korean entrepreneurs
A South Korean company recently gave up on its plan to venture into the burgeoning robot market.Fair-trade regulations that prohibit the creation of...
Korean banks' earnings hit hard by unpaid debts, rate hikes
South Korea’s major banks expect their earnings in the second half to fall on the soaring distressed debts of households and companies due to ...
Korea’s smaller firms embrace older, experienced workforce
South Korea’s liquid filtration system developer Neos Corp. has seven employees, all seasoned mechanical and electrical engineers in their 60s...
Hyundai Wia completes flying drone interception test
Hyundai Wia Corp., an auto parts and defense unit of Hyundai Motor Group, announced on Thursday that the first shooting trial of its anti-drone syst...
LIG Nex1 secures $75 mn contract for KSIS military ground segment
South Korean aerospace manufacturer and defense company LIG Nex1 Co. announced on Wednesday a $75 million (99.1 billion won) contract with the count...
Samsung Chairman Jay Y. Lee pledges more anonymous donations
“I want to actively participate in volunteer work but it isn't easy because my face is known.”Samsung Electronics Co. Chairman Jay Y. Le...
Lotte mulls building transit hubs in retail stores for air taxis, drones
South Korea’s Lotte Engineering & Construction Co. said on Dec. 22 it is considering building vertiports on the rooftops of its retail aff...
BOK takes another big step hike as weak won lifts prices
South Korea’s central bank on Wednesday delivered its second 50-basis-point policy interest rate hike as the ailing won currency adds to infla...
Delta Air increases stake in Hanjin KAL to back Chairman Cho
Delta Air Lines Inc., a friendly shareholder of Hanjin KAL Co., has bought an additional 1.7% stake in the company, which operates Korea’s lar...
Tikehau Capital Korea wins GP license to boost Asian operations
Tikehau Capital, a Paris-headquartered global alternative asset management group, is working hard to expand growth and its operating capacity in Asi...
Lotte Chem swings to red in Q2, hard hit by Malaysian unit's loss
South Korea’s major petrochemical producer Lotte Chemical Corp. faced an earnings shock in the second quarter of 2022, hard hit by the perform...
Hyundai Motor between rock and a hard place over Russia operations
South Korea’s automotive juggernaut Hyundai Motor Co., which has invested heavily in Russia over the last several years, is stuck between a ro...
Kia posts record-high double-digit profit margin in second quarter
Kia Corp., South Korea’s largest automaker, said on Friday it posted its first-ever double-digit operating profit margin in the second quarter...
S-Oil shuts processing units after one killed, nine injured in blast
ULSAN, South Korea -- S-Oil Corp., Saudi Aramco’s refining unit in South Korea, has shut some of its production facilities in a move that will...
Kurly’s mounting losses spark controversy over planned IPO
South Korea’s Kurly Inc. nearly doubled its on-year losses on higher costs last year -- raising market controversy over its listing -- as the ...
Korea’s YNCC shuts petrochem plant after explosion kills four
YEOSU, South Jeolla Province -- Yeochun NCC (YNCC) Co., South Korea’s major petrochemical producer, shut down one of its plants on Friday afte...
Celltrion says COVID-19 antibody kills virus within 5 days; shares surge
South Korea’s biopharmaceutical firm Celltrion Inc. can unveil an antibody treatment by around the end of the year that is able to kill the COVI...
