Mercedes opens world’s 1st Maybach flagship center in Seoul

Mercedes opens world’s 1st Maybach flagship center in Seoul

Mercedes-Benz Group on Monday opened the world’s first Maybach Brand Center in Seoul, its largest-ever dealership dedicated to the ultra-luxur...

BOK chief warns household debt near tipping point, keeps rates steady

BOK chief warns household debt near tipping point, keeps rates steady

Rhee Chang-yong, governor of the Bank of Korea (BOK), warned on Thursday that mounting household debt is now undermining both private consumption an...

LG Energy Solution, Toyota Tsusho launch battery recycling JV in US

LG Energy Solution, Toyota Tsusho launch battery recycling JV in US

LG Energy Solution Ltd. has set up a battery recycling joint venture with Toyota Tsusho Corp. in the US, deepening the South Korean battery giant&rs...

South Korea’s forex reserves dip to nearly 5-year low in February

South Korea’s forex reserves dip to nearly 5-year low in February

South Korea’s foreign exchange reserves diminished to the lowest level in nearly five years last month, largely due to the expanded forex swap...

SK Ecoplant seeks to sell waste treatment business for $1.4 billion

SK Ecoplant seeks to sell waste treatment business for $1.4 billion

SK Ecoplant Co., a South Korean construction engineering and waste management company under SK Group, is seeking to dispose of its waste treatment b...

Lotte Biologics eyes first ADC CDMO order in 2025

Lotte Biologics eyes first ADC CDMO order in 2025

SAN FRANCISCO -- Lotte Biologics Co., the drug consignment development and production unit of South Korean conglomerate Lotte Group, will seek to wi...

LG Display unveils industry’s brightest OLED panel for AI TVs

LG Display unveils industry’s brightest OLED panel for AI TVs

LG Display Co., the world’s top organic light-emitting diode (OLED) panel maker, on Thursday unveiled a fourth-generation screen optimized for...

Diary of a Dead North Korean Soldier Reveals Grisly Battlefield Tactics

Diary of a Dead North Korean Soldier Reveals Grisly Battlefield Tactics

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SK Ecoplant, BMW team up for battery recycling

SK Ecoplant, BMW team up for battery recycling

SK Ecoplant Co., a South Korean construction engineering and waste management company under SK Group, partnered with German luxury carmaker BMW to...

NPS initiates strategic currency hedging to unleash up to $48.2 billion

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...

Hyundai Rotem delivers driverless metro cars to Taiwan

Hyundai Rotem delivers driverless metro cars to Taiwan

Hyundai Rotem Co., a South Korean rolling stock and defense equipment maker, said on Friday it held a ceremony to mark the arrival of the first ba...

South Korea to ease foreign exchange regulations, expand FX swap line

South Korea to ease foreign exchange regulations, expand FX swap line

South Korea’s foreign authorities said on Friday they will ease foreign exchange regulations to allow more dollars into the domestic financial...

SK Hynix develops high-capacity SSD for AI data center

SK Hynix develops high-capacity SSD for AI data center

SK Hynix Inc. unveiled on Wednesday its high-capacity solid-state drive (SSD) product PS1012 U.2, designed for AI data centers with 61 terabyte (TB)...

Shilla Duty Free opens Guerlain Ultimate Boutique at Incheon Airport

Shilla Duty Free opens Guerlain Ultimate Boutique at Incheon Airport

South Korea's Shilla Duty Free Shop announced on Tuesday it opened the Guerlain Ultimate Boutique, the first flagship store in a global airport, at ...

Hyundai E&C wins $725 mn Saudi Arabia HVDC line order

Hyundai E&C wins $725 mn Saudi Arabia HVDC line order

Hyundai Engineering & Construction Co. (Hyundai E&C) said on Tuesday it has bagged a $725 million order to build a power transmission line i...

GS Group, Notion to team up on AI capabilities

GS Group, Notion to team up on AI capabilities

South Korea's GS Group signed a memorandum of understanding (MOU) with Notion, the US-based popular collaboration software company to enhance its ...

HD Hyundai OCI supplies recycled tire materials to Hankook Tire

HD Hyundai OCI supplies recycled tire materials to Hankook Tire

HD Hyundai OCI, the petrochemical affiliate of HD Hyundai Oilbank, said on Tuesday it started to supply Hankook Tire & Technology with recycled ...

LG Chem opens Europe Innovation Center in Germany

LG Chem opens Europe Innovation Center in Germany

South Korea's LG Chem Ltd., the world’s fourth-largest chemicals manufacturer, said on Sunday the opening of its Europe Innovation Center in F...

Samsung Display gets quantum dot ink recycling tech

Samsung Display gets quantum dot ink recycling tech

South Korea's Samsung Display said on Monday it developed technology to recycle quantum dot (QD) ink, aiming to improve cost competitiveness in its ...

SK Broadband to launch nationwide dedicated line service in S.Korea

SK Broadband to launch nationwide dedicated line service in S.Korea

South Korea's SK Broadband said on Thursday that it will establish a nationwide network using Internet Protocol-Multi Protocol Label Switching (IP-M...

Lotte Hotels & Resorts to upcycle used PET bottles

Lotte Hotels & Resorts to upcycle used PET bottles

South Korea's Lotte Hotels & Resorts said on Friday that it will collaborate with Lotte Chilsung Beverage and Lotte Chemical Corp. to establish ...

SK On to cut jobs for first time amid sustained EV weakness

SK On to cut jobs for first time amid sustained EV weakness

SK On Co., the world’s fifth-largest electric vehicle battery maker, plans to cut its workforce with the company’s first voluntary retir...

Aespa to release its new album ‘Whiplash’ in October

Aespa to release its new album ‘Whiplash’ in October

K-pop girl group aespa is aiming to follow up its hit song “Supernova” with a string of hits with its new album “Whiplash."Managem...

Korea's SK Energy to start commercial operations of SAF production line

Korea's SK Energy to start commercial operations of SAF production line

SK Energy Co., South Korea’s largest oil refiner, is set to start commercial operations of a production line for sustainable aviation fuel (SA...

HMM to spend $17.5 bn by 2030 to double cargo capacity

HMM to spend $17.5 bn by 2030 to double cargo capacity

HMM Co., South Korea’s largest ocean carrier, said on Tuesday it will spend 23.5 trillion won ($17.5 billion) by 2030 to nearly double its car...

Gloves off for Samsung, LG in high-end OLED display fight

Gloves off for Samsung, LG in high-end OLED display fight

Samsung Display Co. and LG Display Co., the global leading organic light-emitting diode panel makers, are fiercely competing in the professional OLE...

LS Eco Energy supplies 2,000 km of overhead power lines to Vietnam

 LS Eco Energy supplies 2,000 km of overhead power lines to Vietnam

South Korea's LS Eco Energy Ltd. said on Friday that its Vietnamese unit LS-VINA has completed a supply of around 2,000 kilometers of overhead power...

Hyundai Glovis, Huayou join hands for EV battery recycling

Hyundai Glovis, Huayou join hands for EV battery recycling

Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, has teamed up with a unit of China’s Zhejiang Huayou Cobalt...

SK Chemicals, Kooksoondang to develop CR-PET container

SK Chemicals, Kooksoondang to develop CR-PET container

South Korea's SK Chemicals Co. and South Korean traditional rice-based wine brewery Kooksoondang Co. signed a memorandum of understanding (MOU) on T...

Korea to keep track of EV battery life cycles for recycling

Korea to keep track of EV battery life cycles for recycling

The South Korean government will monitor electric vehicle (EV) battery life cycles to share information on the lifespan, performance and accident hi...

Kakao Pay backs out of acquisition deal for SSG Pay, Smile Pay Hanwha in talks to buy five-star hotel Paraspara Seoul Kia's Lego-like PV5 with 16 variants to hit market in July Stray Kids make K-pop history with landmark stadium show in Germany S.Korea’s most prominent business leader returns with all charges cleared