World-Class Products
Scope
Date
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Economy
Korea’s consumer inflation reaches 3.6% in 2023 on high utilities
South Korea’s consumer prices rose 3.6% this year, driven by the biggest jump in utility bills since 2010 and high inflation in agricultural p...
Dec 29, 2023 (Gmt+09:00)
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Electric vehicles
HD Hyundai Oilbank launches dedicated EV lubricant
South Korea’s HD Hyundai Oilbank said on Thursday that it launched a new dedicated electric vehicle (EV) lubricant brand the Hyundai XTeer EVF...
Dec 28, 2023 (Gmt+09:00)
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Retail
S.Korea's perfume duty free limit to rise by 100 ml in 2024
South Korean government will raise the duty-free limit of perfume from 60 ml to 100 ml in January 2024. The Ministry of Economy and Finance announce...
Dec 27, 2023 (Gmt+09:00)
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Food & Beverage
This country will police ‘shrinkflation’ at the supermarket
SEOUL—Food prices have risen so much that Kim Soo-yeon has developed a suspicious new habit at the grocery store. She has taken to shaking bag...
Dec 27, 2023 (Gmt+09:00)
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Construction
SGC eTEC E&C wins $160 mn plant order in Malaysia
South Korea's SGC eTEC E&C Co. said on Tuesday it has won a 204.7 billion won ($158 million) order to build epichlorohydrin (ECH) and chlor-alka...
Dec 26, 2023 (Gmt+09:00)
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Chemical Industry
Aekyung Chemical acquires LG Chem Vietnam's plasticizer subsidiary
South Korean consumer goods company Aekyung Chemical announced on Friday that it has acquired VPCHEM, the Vietnam subsidiary of LG Chem Ltd., a comp...
Dec 22, 2023 (Gmt+09:00)
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Automobiles
Grandeur regains Korean sedan crown after two-year hiatus
Hyundai Motor Co.'s Grandeur mid-to-large-sized sedan is poised to reclaim its crown as the best-selling Korean car in the domestic passenger car se...
Dec 22, 2023 (Gmt+09:00)
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Steel
POSCO named world's most competitive steelmaker
South Korea's POSCO was ranked number one as the world’s most competitive steelmakers for 14 straight years by the global steel analytics Worl...
Dec 21, 2023 (Gmt+09:00)
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Fiber & Textile
Kolon Industries doubles aramid production facility
South Korea's industrial materials maker Kolon Industries Inc. doubled its aromatic polyamide fibers (aramid) production capacity after completing...
Dec 20, 2023 (Gmt+09:00)
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Construction
DL E&C’s 1915 Çanakkale Bridge named Project of the Year
South Korea’s DL E&C Co. announced on Wednesday that 1915 Çanakkale Bridge in Türkiye, completed by the company, received th...
Dec 20, 2023 (Gmt+09:00)
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Electronics
LG unveils UltraGear gaming monitor 2024
LG Electronics Inc. announced on Wednesday that it unveiled the 2024 model of the UltraGear gaming monitor, optimized for resolution and refresh r...
Dec 20, 2023 (Gmt+09:00)
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Hydrogen economy
SK E&S to strengthen Korea's liquid hydrogen ecosystem
SK E&S Co., an energy unit of South Korean conglomerate SK Group, will cooperate with domestic firms to strengthen the country’s liquid hy...
Dec 18, 2023 (Gmt+09:00)
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Chemical Industry
Samyang buys specialty chemical maker Verdant for $257 mn
Samyang Specialty Solutions LLC, a leading chemical and food products maker in South Korea, has entered into an agreement to wholly acquire Texas-ba...
Dec 18, 2023 (Gmt+09:00)
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Bio & Pharma
GC Biopharma gets FDA approval for Alyglo
South Korea’s GC Biopharma Corp. announced on Monday that it received approval from the US Food and Drug Administration (FDA) for the immuno...
Dec 18, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor to offer China-made Sonata taxis in S.Korea
Hyundai Motor Co. will import Sonata taxis manufactured in China to South Korea in response to strong demand from local taxi drivers less than five ...
Dec 14, 2023 (Gmt+09:00)
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Korean chipmakers
ASML, Samsung to build R&D center in Korea for $760 mn
AMSTERDAM, Netherlands -- Samsung Electronics Co. and ASML Holding N.V. have reached a preliminary agreement to build a research and development fac...
Dec 13, 2023 (Gmt+09:00)
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Batteries
US regulations push Korean battery industry to cut reliance on China
The South Korean battery industry is facing pressure to cut its reliance on Chinese capital as the US government on Dec. 1 issued guidance that will...
Dec 12, 2023 (Gmt+09:00)
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Food & Beverage
Paris Baguette opens 7 new stores in SE Asia in one month
Paris Baguette, the bakery franchise owned by South Korea's SPC Group, said on Tuesday that it opened seven stores in Southeast Asia in on...
Dec 12, 2023 (Gmt+09:00)
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Korean games
Krafton to introduce AI characters in PUBG
South Korea's game developing and publishing giant Krafton Inc. plans to introduce virtual characters using generative AI in the first-person shoote...
Dec 11, 2023 (Gmt+09:00)
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Metaverse
UAE, Korea’s Naver Z join hands for virtual reality tech
South Korea’s Naver Z Corp., the operator of virtual world platform Zepeto, said Monday it will join forces with the United Arab Emirates&rsqu...
Dec 11, 2023 (Gmt+09:00)
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Chemical Industry
Samyang launches industrial water treatment products
South Korean chemical and food company Samyang Corp. announced on Monday that it released new industrial water treatment materials Triraite Reverse ...
Dec 11, 2023 (Gmt+09:00)
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Automobiles
New 2024 E-Class soon to arrive in Korea, land of Mercedes-Benz
As with the launch of every new E-Class, the flagship model of luxury German car brand Mercedes-Benz, the phrase “evolution, not revolution&rd...
Dec 08, 2023 (Gmt+09:00)
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Batteries
Samsung SDI forms ASB commercialization team
South Korea’s Samsung SDI Co. formed a new team to promote the commercialization of the all-solid-state battery (ASB), the so-called “ba...
Dec 07, 2023 (Gmt+09:00)
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Retail
E-Mart opens 3rd store in Vietnam, spurs K-food marketing
South Korea’s E-Mart Inc. will open its new hypermarket in Ho Chi Minh City on Dec. 7, accelerating sales of its private label No Brand produc...
Dec 06, 2023 (Gmt+09:00)
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Bio & Pharma
GC Biopharma breaks ground on blood product plant in Indonesia
South Korea’s GC Biopharma Corp. broke ground on Wednesday on Indonesia’s first blood product plant through technology transfer.Indonesi...
Dec 06, 2023 (Gmt+09:00)
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Automobiles
Genesis GV60 named best SUV in China
Hyundai Motor Co.'s premium brand Genesis announced on Wednesday that its luxury mid-sized electric sports utility vehicle (SUV) GV60 was selected a...
Dec 06, 2023 (Gmt+09:00)
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Food & Beverage
Lotte Chilsung, E&J Gallo to jointly boost soju sale in US
South Korea’s Lotte Chilsung Beverage Co. announced on Tuesday that it partnered with the world's largest winery E&J Gallo to expand its...
Dec 05, 2023 (Gmt+09:00)
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Chemical Industry
IMM among shortlisted bidders for special chemicals maker Songwon
Competition to acquire Songwon Industrial Co., one of the world’s top specialty chemicals makers, is heating up as the South Korean company an...
Dec 04, 2023 (Gmt+09:00)
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Food & Beverage
CJ Freshway to boost smart farming business
South Korea’s CJ Freshway Corp. announced on Monday that it will launch a smart farm contract cultivation business in 2024. South Korea's...
Dec 04, 2023 (Gmt+09:00)
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Batteries
Hanwha to boost battery production equipment business
Hanwha Group, South Korea’s chemicals-to-defense conglomerate, is working to bolster its secondary battery manufacturing equipment business wi...
Dec 04, 2023 (Gmt+09:00)