K-pop stocks surge as China set to loosen cultural ban after 9 years
Shares in South Korea’s leading entertainment companies are rallying amid growing signs that China will likely lift its longstanding ban on Ko...
DB Insurance becomes Daol Investment’s No.2 shareholder
DB Insurance Co., a leading South Korean non-life insurance company, has become Daol Investment & Securities Co.'s second-largest shareholder af...
Salesforce outage disrupts businesses across Asia Pacific
Salesforce Inc., the world’s top customer relationship management (CRM) platform, is grappling with a major service outage affecting more than...
Kia launches Sportage facelift to accelerate SUV boom
Kia Corp., South Korea’s No. 2 automaker, on Monday unveiled a facelift of its Sportage to boost the sport utility vehicle (SUV) craze in the ...
HD Hyundai to build int'l standards for carbon emissions
South Korea's HD Hyundai Marine Solution Co. said on Wednesday that it signed a Life Cycle Assessment (LCA) Agreement with HD Hyundai Samho and the ...
Hyundai Motor cuts 2030 sales goals as EV chasm likely protracted
South Korean top automaker Hyundai Motor Co. has slashed its long-term vehicle sales targets by 6% as it prepares for aggressive marketing by Chines...
Online lender K Bank aims for IPO at $4 bn valuation in Q4
Kbank, a South Korean online bank, is preparing to list on the main bourse Kospi at an estimated value of up to 5 trillion won ($3.8 billion) in the...
SK Shieldus, CP6 team up for autonomous vehicle security
SK Shieldus Co., the unmanned security subsidiary of South Korea's SK Group, announced on Friday that it has signed an agreement with CP6, a domesti...
Samsung, KEPCO to collaborate on power facility tech
Samsung Electronics Co. and Korea Electric Power Corp. (KEPCO) announced on Friday that they signed a memorandum of understanding (MOU) to cooperate...
HL Mando listed in S&P Sustainability Yearbook 2023
HL Mando Corp., an electric vehicle and self-driving system developing unit of South Korea’s HL Group, announced on Tuesday that it has been i...
Korea’s Kia to set up sales unit in Thailand; EV plant an option
South Korea’s second-largest automaker Kia Corp. plans to establish a sales subsidiary in Thailand as part of its electric vehicle push in the...
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 ...
South Korea vulnerable to tech spies undeterred by soft penalties
When a former Samsung Electronics Co. executive was arrested on industrial espionage charges by South Korea’s National Intelligence Service (N...
Ably, Meta develop AI-based ad measurement tech
South Korean fashion commerce platform Ably Corp. on Thursday announced the world’s first artificial intelligence (AI)-based technology for as...
Samsung faces scrutiny under new EU digital market rules
Samsung Electronics Co. is facing scrutiny by the European Union over its leading position in the internet browser market under the Digital Markets ...
Hanwha Q Cells sweeps global solar energy industry awards
Hanwha Q Cells Co.'s winning of major global solar energy industry prizes is expected to help the unit of South Korean Hanwha Solutions Corp. cement...
Korea’s NPS likely to post 6.4% return for Q1 2023
National Pension Service (NPS) in South Korea achieved a 6.4% return on investment during the first quarter of this year, recovering some 73% of the...
SPC supports vulnerable communities in New York
South Korea's major food company SPC Group has taken steps to improve its brand image in the United States by offering baking training and food dona...
Prestige Biopharma submits clinical trial plan in Australia
Prestige Biopharma, a Singapore-based biopharmaceutical company with operations in South Korea and the US, has applied to the Australian clini...
Samsung Electronics' life cycle assessment gauges CO2 emission impact from chips
Samsung Electronics Co. on Monday said it set up a life cycle assessment (LCA) methodology for semiconductors to achieve carbon neutrality by 2050.T...
Hyundai IONIQ 6 honored as safest family car in Europe
Hyundai Motor Co.'s first fully electric sedan IONIQ 6 has been named the safest family car in Europe.Hyundai Motor on Friday said the Europea...
Lotte Chemical conducts product risk assessment first time in Korea
Lotte Chemical Corp. said on Tuesday that it is conducting a risk assessment for its products for the first time in the domestic chemical industry...
Seoul ranks 7th in city competitiveness assessed by Japanese Institute
Seoul's urban competitiveness rebounded after five years, ranking seventh in the world. It was due to the fact that the ranking of the economy categ...
Korean biotechs target US labs to speed up regulatory approval for tests
South Korean molecular diagnostics companies are increasingly buying high-quality laboratories in the US that meet federal regulatory standards in a...
POSCO says normalization of typhoon-hit steel mill unlikely until Q1 2023
POSCO Holdings Inc., the holding company of South Korea’s largest steelmaker, expects its steel mill in the southern port city of Pohang flood...
Online lender K Bank revs up for IPO in Nov on surging net profit
K Bank submitted a preliminary assessment request to the Korea Stock Exchange on Thursday, the first step to an initial public offering. The on...
LB Investment submits preliminary IPO assessment request to KRX
LB Investment has submitted a preliminary assessment request to the Korea Stock Exchange, the first step to an initial public offering. It chose Mir...
S.Korea plans to tighten ability-to-repay rules
South Korea's new household lending rules, set to be unveiled next month, will center on tightening the assessment of borrowers' repayment capabilit...
Travel app Yanolja seeks $900 mn from SoftBank pre-IPO
South Korea’s largest travel platform Yanolja is in negotiations with SoftBank Vision Fund for an investment up to 1 trillion won ($900 millio...
Samsung Electronics embraces ESG for company assessment
South Korean companies are becoming more proactive in prioritizing environmental, social and governance (ESG) standards. In line with the ESG wave, Sa...
