Amazon Global Selling
Scope
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Automobiles
Hyundai unveils All-New Kona Electric N Line in Europe
Hyundai Motor Co. unveiled 2024 The all-new KONA Electric N Line in the European market including the UK on Jan. 16., according to the company.&nb...
Jan 22, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor Group holds firm as world’s No. 3 carmaker
South Korea’s Hyundai Motor Group kept its title as the world's third-largest automaker by sales volume for the second straight year in 2023, ...
Jan 21, 2024 (Gmt+09:00)
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Retail
Lotte Duty Free holds grand reopening ceremony at Changi Airport
Lotte Duty Free held a grand opening ceremony for its Changi Airport store in Singapore, marking the official start of its 19 stores.Lotte Duty Free...
Jan 21, 2024 (Gmt+09:00)
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Automobiles
Mercedes-Benz unveils New E-Class in S.Korea
Mercedes-Benz Korea on Friday unveiled the 11th generation of its fully redesigned mid-sized The New E-Class sedan in South Korea.This latest iterat...
Jan 19, 2024 (Gmt+09:00)
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Artificial intelligence
Korean startup Moreh tops global large language model test
South Korean artificial intelligence tech startup Moreh Inc. said on Thursday that its large language model (LLM) topped a performance assessment by...
Jan 18, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Korean cosmetics makers' profits soar as niche brands grow
Kolmar Korea Co. and Cosmax Inc., South Korea’s leading cosmetics suppliers to multinational conglomerates like L'Oréal S.A., are enjoy...
Jan 18, 2024 (Gmt+09:00)
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Automobiles
Hyundai N Vision 74 wins 2023 Good Design Award
Hyundai Motor Group announced on Thursday that its nine products across Hyundai Motor Co., Kia Corp., and premium brand Genesis have received top ...
Jan 18, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Hyundai sells Chongqing plant at $227 mn for China restructuring
Hyundai Motor Co. has sold its plant in Chongqing for $227 million as the leading South Korean carmaker continues restructuring its business to surv...
Jan 17, 2024 (Gmt+09:00)
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Automobiles
Tata Daewoo triumphs in global market with 40% export surge
South Korea's Tata Daewoo Commercial Vehicle Company (TDCV) achieved remarkable success last year by exporting 40% of its total sales, despite the g...
Jan 16, 2024 (Gmt+09:00)
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Banking & Finance
Korea Investment leads Mongolia Mortgage Corp.'s global bond issuance
Korea Investment & Securities Co. (KIS) announced on Tuesday its successful completion of the lead management for a $225 million global bond iss...
Jan 16, 2024 (Gmt+09:00)
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Food & Beverage
Daesang launches alternative sweetener brand Sweevero
South Korean food company Daesang Corp. announced on Tuesday that it is launching the integrated brand "Sweevero" for alternative sweeteners like al...
Jan 16, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Lotte Chem’s sale of Pakistani PTA unit falls through
Lotte Chemical Corp.'s plan to sell off its Pakistani PTA subsidiary to local chemicals producer Lucky Core Industries Ltd. has collapsed, a year af...
Jan 15, 2024 (Gmt+09:00)
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Pension funds
NPS bets on Samsung Electro-Mechanics, sells POSCO stocks in Q4
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, saw the amount of listed local shares it owns rise...
Jan 15, 2024 (Gmt+09:00)
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Korean food
Bibigo, K-food a success case in Harvard Business School study
Harvard Business School students are set to study the success of South Korean foods in the global market through the case of Bibigo, the leading bra...
Jan 15, 2024 (Gmt+09:00)
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Bio & Pharma
JW Pharma takes gout drug Epaminurad to Malaysia for phase 3
South Korea's JW Pharmaceutical Corp., announced on Monday that it has received approval from the Malaysian National Pharmaceutical Regulatory Age...
Jan 15, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai, Kia offer up to $7,500 discounts for EVs in US
Hyundai Motor Group., the No. 2 electric vehicle brand in the US, is offering discounts of up to $7,500 for their EVs in the country — the max...
Jan 14, 2024 (Gmt+09:00)
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Mobile networks
S.Korea ranks fourth in global mobile app market
The size of the South Korean mobile app market has exceeded 10 trillion won ($761 million).Data.ai, an app market analysis platform, released the 20...
Jan 11, 2024 (Gmt+09:00)
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Samsung Group
Samsung heirs tap $2.1 bn block sale for inheritance taxes
The heirs of late Samsung Group Chairman Lee Kun-hee are seeking to sell their shares in Samsung Electronics Co. and other Samsung affiliates worth ...
Jan 10, 2024 (Gmt+09:00)
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Korean games
Krafton’s PUBG tops in global game market
“PlayerUnknown’s Battlegrounds” (PUBG), South Korea’s game developing and publishing giant Krafton Inc. ’s mega-hit ga...
Jan 10, 2024 (Gmt+09:00)
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Earnings
Disappointing LG Energy earnings dim outlook amid weak EVs
LG Energy Solution Ltd., the world’s second-largest battery maker, disappointed investors with quarterly earnings on the sluggish global elect...
Jan 09, 2024 (Gmt+09:00)
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Batteries
EcoPro establishes Global Resources Office for securing core minerals
South Korean battery materials manufacturer EcoPro Co. announced on Tuesday that it has established a "Global Resources Office" to expedite the acqu...
Jan 09, 2024 (Gmt+09:00)
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Artificial intelligence
Upstage's AI beats global peers in benchmark math tests
South Korean artificial intelligence tech startup Upstage said on Monday that its math-specific large language model (LLM), jointly developed with l...
Jan 08, 2024 (Gmt+09:00)
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Infrastructure
IGIS taps managing director Oh Taesuk as infrastructure head
IGIS Asset Management Co., a leading real estate firm in South Korea, said last week it has tapped Oh Taesuk, a real asset expert with more than 20 ...
Jan 08, 2024 (Gmt+09:00)
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Corporate strategy
POSCO International to step up global expansion after hefty profits
POSCO International Corp. will step up global expansion in 2024 with a focus on electric vehicle components, eco-friendly energy exploration and gra...
Jan 08, 2024 (Gmt+09:00)
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Automobiles
BMW overtakes Mercedes-Benz as top-selling foreign carmaker in S.Korea
BMW has overtaken Mercedes-Benz in the South Korean market, regaining the top spot in the foreign automobile sales segment for the first time in eig...
Jan 05, 2024 (Gmt+09:00)
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Short selling
Korea’s top regulator detects more foreigners’ naked shorting
South Korea’s top financial regulator is detecting more circumstances of naked short-selling worth tens of millions of dollars by foreign inve...
Jan 04, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD KSOE lowers order target by 39% in 2024
South Korea’s HD Korea Shipbuilding & Offshore Engineering (HD KSOE) announced on Thursday that it has lowered its order target for this y...
Jan 04, 2024 (Gmt+09:00)
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Korean games
Nexon fined over MapleStory in-game item selling
South Korea’s online game developer Nexon Korea Corp. was fined 11.6 billion won ($8.9 million) for allegedly misleading its customers over in...
Jan 03, 2024 (Gmt+09:00)
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Advertising & Marketing
Innocean establishes social marketing subsidiary
Innocean Worldwide Inc., the global marketing communications arm of Hyundai Motor Group, announced on Wednesday that it has established its social m...
Jan 03, 2024 (Gmt+09:00)
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Energy
KEPCO sells 15% stake in KEPCO E&C for $269 million
Korea Electric Power Corp. (KEPCO), South Korea’s state-owned utility company grappling with mounting losses, has secured additional funds of ...
Jan 02, 2024 (Gmt+09:00)