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Companies

  • BYD’s Atto 3 overtakes Tesla’s Model Y as best-selling EV in South Korea

    Electric vehicles

    BYD’s Atto 3 overtakes Tesla’s Model Y as best-selling EV in South Korea

    China’s BYD Co. has dethroned Tesla Inc. in South Korea, with its compact sport utility vehicle, the BYD Atto 3, becoming the best-selling imported electric vehicle last month – a symbolic breakthrough for the world’s largest EV ma

    32 MINUTES AGO

    2 Min read

    China’s BYD Co. has dethroned Tesla Inc. in South Korea, with its compact sport utility vehicle, the BYD Atto 3, becoming the best-selling imported electric vehicle last month – a symbolic breakthrough for the world’s largest EV ma

    32 MINUTES AGO

  • CJ CheilJedang to open $72 million dumpling plant in Japan

    South Korea’s largest food company, CJ CheilJedang Corp., is shifting into high gear in its global expansion with a 100 billion won ($72 millio...

    17 HOURS AGO

    2 Min read
  • LG Electronics breaks ground on $600 mn home appliance plant in India

    South Korea’s LG Electronics Inc. has broken ground on its third home appliance manufacturing plant in India with a $600 million investment to ...

    18 HOURS AGO

    4 Min read
  • KakaoBank posts record Q1 profit, eyes Thai expansion after Indonesia

    KakaoBank Corp., a leading South Korean internet-only bank, posted its highest quarterly profit in the first quarter, defying a drop in interest inco...

    24 HOURS AGO

    2 Min read
  • Coupang’s Q1 revenue up; quarterly dip signals rising competition

    Coupang Inc., South Korea’s largest e-commerce platform, extended its year-on-year sales growth with an 11.1% increase to post $7.9 billion in ...

    May 07, 2025 (Gmt+09:00)

    2 Min read
  • Korea Investment & Securities deepens global ties with 2nd IR in New York

    Korea Investment & Securities Co. (KIS), the brokerage unit of Korea Investment Holdings Co., said on Wednesday it hosted its flagship investor r...

    May 07, 2025 (Gmt+09:00)

    2 Min read
  • South Korea asks US for tailored approach to chip tariffs

    South Korea has officially requested that the US take a distinct approach in its ongoing probe into foreign semiconductor technology and related down...

    May 07, 2025 (Gmt+09:00)

    3 Min read
  • S.Korea confident of winning Czech nuclear plant deal despite court ruling

    A landmark nuclear energy export deal between South Korea and the Czech Republic was postponed at the eleventh hour following a local court ruling, d...

    May 07, 2025 (Gmt+09:00)

    3 Min read
  • Seoul-backed K-beauty brands set to make global mark

    As Korean beauty products continue to captivate global consumers, five Seoul-based cosmetics and wellness companies are gearing up to penetrate deepe...

    May 07, 2025 (Gmt+09:00)

    7 Min read
  • Samsung steps up AR race with advanced microdisplay for smart glasses

    Samsung Electronics Co. has launched a major push into next-generation microdisplays for augmented reality (AR) glasses as it aims to position itself...

    May 07, 2025 (Gmt+09:00)

    3 Min read
  • Korea Investment & Securities to sell Goldman Sachs funds

    Korea Investment & Securities Co. said on Tuesday it is set to sell funds operated by Goldman Sachs Asset Management LP in South Korea, offering ...

    May 06, 2025 (Gmt+09:00)

    2 Min read
  • Korea’s pharmaceutical exports set to top $10 bn, led by ‘K-M7’ champions

    South Korea’s pharmaceutical exports are on course to surpass $10 billion this year, underscoring the country’s growing clout in the glob...

    May 05, 2025 (Gmt+09:00)

    2 Min read
  • US auto parts tariffs take effect; Korea avoids heavy hit

    The US has eased tariffs on automotive parts that took effect on May 3, offering a sigh of relief to South Korean suppliers, who said a worst-case sc...

    May 04, 2025 (Gmt+09:00)

    3 Min read
  • NCSOFT invests in US game startup emptyvessel

    NCSOFT Corp. has made an equity investment in emptyvessel, a US indie games studio, as part of efforts to expand into the first-person shooter genre,...

    May 04, 2025 (Gmt+09:00)

    2 Min read
  • BMW surpasses Mercedes in Korean sales for 1st time in 10 years

    The top five imported car brands in South Korea underwent a major shake-up last year. BMW overtook Mercedes-Benz in sales for the first time in a dec...

    May 02, 2025 (Gmt+09:00)

    2 Min read
  • Trump Jr. meets Korean business chiefs in back-to-back sessions

    Donald Trump Jr., the eldest son of US President Donald Trump, spent his one-and-a-half-day visit to South Korea in back-to-back private meetings wit...

    Apr 30, 2025 (Gmt+09:00)

    2 Min read
  • Samsung in talks to supply customized HBM4 to Nvidia, Broadcom, Google

    Samsung Electronics Co., the world’s leading memory chipmaker, is in talks to supply customized sixth-generation high-bandwidth memory, or HBM4...

    Apr 30, 2025 (Gmt+09:00)

    3 Min read
  • LS Cable breaks ground on $681 mn underwater cable plant in Chesapeake

    WASHINGTON, D.C. – LS Cable & System Ltd., South Korea’s leading wire and cable manufacturer, has broken ground on its first underwat...

    Apr 29, 2025 (Gmt+09:00)

    4 Min read
  • US tariffs add risk premium to dollar assets: Maurice Obstfeld

    WASHINGTON, D.C. – The US tariff increases are adding risk premiums to dollar-denominated assets, undermining the dollar’s role as a glob...

    Apr 29, 2025 (Gmt+09:00)

    3 Min read
  • Exports of Korea-made used cars to hit record high in 2025

    South Korea’s exports of used cars by its homegrown auto brands are expected to hit a historic high this year, thanks to their improved brand r...

    Apr 29, 2025 (Gmt+09:00)

    4 Min read
  • Shinhan Financial’s overseas business blooms, on track for record earnings

    Shinhan Financial Group Co., South Korea’s leading financial holding company, is poised to surpass 1 trillion won ($692 million) in annual net ...

    Apr 28, 2025 (Gmt+09:00)

    2 Min read
  • HD KSOE secures $1.8 bn in container ship orders

    HD Korea Shipbuilding & Offshore Engineering Co. (KSOE) secured orders for 22 container ships worth a total of 2.54 trillion won ($1.8 billion) l...

    Apr 28, 2025 (Gmt+09:00)

    1 Min read
  • Celltrion unveils cancer medicine to expand new drug pipelines

    South Korea’s leading biosimilar drug developer Celltrion Inc. on Sunday unveiled an anticancer medicine to expand new pipelines and accelerate...

    Apr 28, 2025 (Gmt+09:00)

    2 Min read
  • Samsung Biologics bags $514 mn CMO contract from US pharma

    Samsung Biologics Co., the world’s largest contract manufacturing organization (CMO), said on Monday it has secured a $5.14 million order from ...

    Apr 28, 2025 (Gmt+09:00)

    1 Min read
  • POSCO raises ship steel prices as Korea's tariffs curb supply

    POSCO Holdings Inc. has raised second-quarter prices of thick plates used in vessels amid concerns over tighter supply after South Korea levied anti-...

    Apr 28, 2025 (Gmt+09:00)

    2 Min read
  • Seoul mulls joint review of Alaska LNG project with Japan, Taiwan, Vietnam

    South Korea has proposed forming a consortium with Japan, Taiwan and Vietnam to jointly assess the feasibility of investing in the $45 billion Alaska...

    Apr 27, 2025 (Gmt+09:00)

    4 Min read
  • KT&G eyes overseas M&A after rejecting activist fund's offer

    KT&G Corp., South Korea’s dominant tobacco and ginseng producer, is seeking to acquire a Japanese ginseng company after dismissing a 1.9-tr...

    Apr 25, 2025 (Gmt+09:00)

    2 Min read
  • S.Korea’s top 4 financial holding firms cheer upbeat Q1 results

    South Korea’s top four financial holding companies – Shinhan, KB, Hana and Woori – reported stellar earnings for the first quarter,...

    Apr 25, 2025 (Gmt+09:00)

    3 Min read
  • Kia maintains double-digit margin in Q1 with record revenue

    Kia Corp., South Korea’s second-largest automaker, extended its double-digit profit margin streak to a 10th consecutive quarter, posting record...

    Apr 25, 2025 (Gmt+09:00)

    2 Min read
  • SK On seals $2.8 bn battery deal with Bezos-backed US EV start-up Slate

    SK On Co., the battery subsidiary of South Korea’s energy conglomerate SK Group, has signed a supply agreement worth an estimated 4 trillion wo...

    Apr 25, 2025 (Gmt+09:00)

    3 Min read