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Scope
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Travel & Leisure
Korean travel agencies enjoy surging overseas trip demand
South Korea’s travel agencies enjoyed strong demand for overseas trips, adding to hopes that their earnings are likely to improve further this...
Jan 05, 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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Automobiles
Hyundai Motor, Kia post record US sales in 2023, to rank 4th in US
South Korea’s Hyundai Motor Group saw its vehicle sales in the US rise to an all-time high in 2023, driven by its latest models of recreationa...
Jan 04, 2024 (Gmt+09:00)
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Future mobility
Samsung, Hyundai Motor in joint push for connected cars
Samsung Electronics Co. will connect its smart home devices with the in-vehicle infotainment systems of Hyundai and Kia cars, including electric veh...
Jan 04, 2024 (Gmt+09:00)
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Korean startups
Digital healthcare, robot, AI chip startups among VCs’ 2024 top picks
Startups that specialize in digital healthcare, robots and artificial intelligence chips are among South Korea-based venture capital firms’ to...
Jan 03, 2024 (Gmt+09:00)
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Electronics
LG OLED TV named Best TV in US
LG Electronics Inc. 's organic light emitting diode (OLED) evo 65G3 was named as Best TVs Overall in the Consumer Reports' Best TVs of 2024, accordi...
Jan 03, 2024 (Gmt+09:00)
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Korean startups
Sendbird aims to fly even higher, above 300 million
Founded in 2013, Sendbird, a customizable in-app communications platform used by more than 300 million active users monthly, is still hungry for mor...
Jan 03, 2024 (Gmt+09:00)
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Pension funds
Korea’s NPS sees record assets, profit on double-digit return
South Korea’s National Pension Service (NPS) enjoyed record assets and profit in 2023 as the world’s third-largest pension fund reported...
Jan 02, 2024 (Gmt+09:00)
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Automobiles
IONIQ 5 named Car of the Year 2023 in Singapore
Hyundai Motor Co.'s electric sport utility vehicle (SUV) IONIQ 5 has been selected as the Car of the Year 2023 in Singapore by the nation’s la...
Jan 02, 2024 (Gmt+09:00)
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Chemical Industry
S.Korean refiners’ race for EV lubricants heats up
South Korean major refiners are upping the ante to win the market for electric vehicle lubricants and liquid coolants for heat management amid the r...
Dec 31, 2023 (Gmt+09:00)
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Banking & Finance
Shinhan Card Kazakhstan arm attracts $24 mn investment
Shinhan Finance, a subsidiary of South Korea's Shinhan Card in Kazakhstan, has attracted a 31 billion won ($24 million) investment from local car de...
Dec 28, 2023 (Gmt+09:00)
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IPOs
Korea's leading used-car platform Encar drops IPO plan
Encarsales.com Ltd., a South Korean used-car trading platform, will withdraw its initial public offering plan as early as this week due to deteriora...
Dec 27, 2023 (Gmt+09:00)
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Electronics
LG's SC9S named 2nd best premium soundbar: Consumer Reports
South Korea’s LG Electronics Inc. is highly recognized for its TV sound systems in the US, the world’s largest home appliance market. Ea...
Dec 25, 2023 (Gmt+09:00)
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Automobiles
Hyundai Exter, IONIQ 5 win India’s influential car awards
Hyundai Motor Co. has won major auto industry prizes in India that are expected to help the leading South Korean automaker expand its presence in th...
Dec 24, 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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Korean innovators at CES 2024
Hyundai Motor’s themes at CES 2024: Hydrogen, software
South Korea’s top automaker Hyundai Motor Co. is set to present its blueprint for a hydrogen energy ecosystem and software under the theme of ...
Dec 21, 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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Retail
Shinsegae Gangnam stands out among department stores with $2.3 bn sales
Shinsegae Department Store, South Korea’s leading retail business operator, said on Thursday its flagship store in Gangnam, an upscale distric...
Dec 21, 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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Automobiles
Hyundai to sell Russian car plants at about $100 for exit
Hyundai Motor Co., South Korea’s top carmaker, has decided to sell its plants in Russia for only about $100 to a local company although it has...
Dec 19, 2023 (Gmt+09:00)
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Cryptocurrencies
Netmarble's Marblex listed on Bitget
Marblex, a blockchain subsidiary of South Korean game developer Netmarble Corp., announced on Tuesday that it has listed its MBX token on the global...
Dec 19, 2023 (Gmt+09:00)
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Korean startups
Korea’s 1st institutionalized fractional art offering a smash hit
South Korea’s first institutionalized fractional investing in a work of art proffered by Yeolmae Company, operator of South Korea’s frac...
Dec 19, 2023 (Gmt+09:00)
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Automobiles
Elantra, Tucson selected among safest cars by IIHS
Hyundai Motor Co.'s passenger car Avante (name in the US: Elantra) and compact sport utility vehicle (SUV) Tucson earned the Top Safety Pick Plus ...
Dec 19, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Poultry processor Harim to buy Korean top sea carrier HMM for $5 bn
South Korea’s leading poultry processor Harim Group is set to acquire the country’s No. 1 sea flag carrier HMM Co. for about 6.4 trillio...
Dec 18, 2023 (Gmt+09:00)
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Automobiles
SUVs: Name of the game in 2023 South Korean auto market
Back in the 1970s, when simply having a car was a status symbol in South Korea, a four-door passenger sedan was the car of choice. And Hyundai Motor...
Dec 18, 2023 (Gmt+09:00)
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Korean games
NCSOFT, Obigo to jointly develop car AI services
South Korea's major game developer and publisher NCSOFT Corp. announced on Monday that it signed a memorandum of understanding (MOU) with the domest...
Dec 18, 2023 (Gmt+09:00)
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Korean games
NCSOFT included in DJSI Asia Pacific Index
South Korea’s major game developer and publisher NCSOFT Corp. announced on Thursday that it was listed on the Dow Jones Sustainability Asia/...
Dec 14, 2023 (Gmt+09:00)
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Executive reshuffles
Kakao taps venture capital unit head as new CEO to lead reform
Kakao Corp., South Korea’s top mobile platform under fire for its extremely aggressive business expansion, tapped its venture capital unit hea...
Dec 13, 2023 (Gmt+09:00)
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Batteries
Hyundai-invested SES to provide Li-Metal battery B samples, eyes UAM
SES AI Corp., a high-performance battery maker backed by several global automakers such as GM and Hyundai Motor Co., has moved one step closer to co...
Dec 13, 2023 (Gmt+09:00)