800 millionth passenger

Airlines Korea’s Incheon Airport to upgrade, operate Uzbek airfield in $140m deal

INCHEON – South Korea’s Incheon International Airport Corp. (IIAC) is set to upgrade and operate an airfield in Uzbekistan to expand the...

Korean stock market Korea’s Nextrade stock exchange debuts; YG Entertainment tops 1st day

South Korea’s first alternative stock exchange Nextrade (NXT) started trading on Tuesday, challenging the Korea Exchange’s (KRX) long-st...

Korean stock market Alternative stock exchange Nextrade to launch on March 4

Nextrade, South Korea’s first alternative stock exchange, enabling trading of stocks listed on the Kospi and the Kosdaq for 12 hours a day is ...

Real estate NPS commits $800 mn to Almanac for strategic partnership

The National Pension Service of Korea (NPS) has committed $800 million to Almanac Realty Investors, the private real estate investment arm of Neuber...

Automobiles BMW retains throne in South Korea’s imported car market

German luxury carmaker BMW claimed the mantle of top imported car brand in South Korea for a second consecutive year in 2024, beating out rival Merc...

Airlines Asiana Airlines joins Korean Air as subsidiary

Asiana Airlines Inc., one of South Korea’s only two full-service carriers, has passed into history after 36 years of operation to be placed un...

Electric vehicles BYD to debut passenger EVs in South Korea in 2025

China’s electric vehicle giant BYD Co. will debut in the South Korean passenger car market next year with premium models in hopes of becoming ...

Tech, Media & Telecom KT succeeds 5G NTN satellite communication

South Korea's KT Corp. and its satellite subsidiary KT SAT said on Monday their integration of KOREASAT 6 with a terrestrial 5G network, utilizing...

Corporate bonds Fed’s big rate cut spurs Korean firms to issue foreign bonds

South Korean companies rushed to issue foreign currency bonds after the US Federal Reserve lowered interest rates for the first time in more than fo...

Korean food South Koreans puzzled over rising seaweed prices despite bumper crop

Dried seaweed prices are rising at a fast pace despite handsome growth in production, leaving South Koreans puzzled over what is behind the steep pr...

Electric vehicles Hyundai Mobis unveils airbags for purpose-built vehicles

Hyundai Mobis Co., the world’s sixth-largest auto parts maker, on Thursday unveiled the industry’s first airbags for purpose-built vehic...

Pension funds NPS logs 5.8% return in Q1 led by US tech stock rally

National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, posted a 5.82% investment return for the first quarter ...

Tech, Media & Telecom LG CNS' marketing platform MOP surpasses 800 corporate customers

South Korea’s LG CNS Co., a cloud computing services arm of LG Corp., announced on Thursday that its Marketing Optimization Platform (MOP), la...

Automobiles STX to supply car CKD to Bangladeshi company

STX Corp., a South Korean general trading company, announced on Monday that it signed a memorandum of understanding (MOU) to supply the complete kno...

Airlines S.Korea, Kazakhstan agree to expand air transport rights

South Korea and Kazakhstan have agreed to expand air transport rights during the South Korea and Kazakhstan aviation talks held in Almaty, Kazakhsta...

Bio & Pharma Daewoong Pharmaceutical digitizes DB of 800 mn chemical compounds

South Korea's Daewoong Pharmaceutical announced on Monday that it has established a drug development system Daewoong AI System (DAISY) which combine...

Automobiles Genesis G80, GV70 electric models win Canada Car of the Year awards

Hyundai Motor Co. 's premium brand Genesis announced on Friday that its Electrified G80 and Electrified GV70 earned prizes at the 2024 Canadian Ca...

Electric vehicles China’s BYD to enter South Korea’s passenger electric car market

China’s BYD Co., the world’s largest electric vehicle maker, is set to enter South Korea’s passenger EV market, setting off alarm ...

Korean food Bulgogi & ramyun top Jeju Air's in-flight menu in 2023

South Korea'st budget carrier Jeju Air Co. announced on Monday that its most popular in-flight meals and cabin cafe items in 2023 were bulgogi deopb...

Infrastructure S.Korea to develop Batam airport as Indonesia's air hub

BATAM – State-run Incheon International Airport Corp. (IIAC) is accelerating the growth of Hang Nadim International Airport in Batam, Indonesi...

Travel & Leisure S.Korean airlines see 12.87 mn int’l passengers in Q3 2023

South Korean airlines’ international passenger traffic in the third quarter reached 85% of that over the same period in 2019, the year befor...

Airlines Incheon Airport’s cumulative passengers surpass 800 mn

Incheon International Airport, which opened in 2001, has surpassed a cumulative total of 800 million passengers. Incheon International Airport Corpo...

Petrochemicals LG Chem to sell polarizer businesses to Chinese peers for $800 mn  

LG Chem Ltd., the parent of South Korea’s No. 1 battery maker LG Energy Solution Ltd., will unload its polarizer businesses to two Chinese pla...

Machinery Hyundai Rotem unveils ultra-large servo press line

Hyundai Rotem, a subsidiary of Hyundai Motor Group and a South Korean railway system manufacturer, announced on Thursday that it held a demonstrat...

Automobiles Hyundai Transys' car seats rank in top 3 by US market survey

A leading US consumer satisfaction survey has ranked car seats made by South Korea’s Hyundai Transys in the top three for the fourth consecuti...

Airlines Jeju Air to buy 40 fuel-efficient Boeing passenger planes

South Korea's largest low-cost carrier Jeju Air Co. will buy 40 next-generation passenger planes and lease 10 other new aircraft from Boeing Co. wit...

Machinery S.Korea's Hanon Systems hits 'home run' with heat pump for EVs

Hanon Systems, a leading South Korean maker of automotive thermal management systems, posted surprising results in the second quarter in blowing awa...

Travel & Leisure S.Korea-China ferries resume passenger transport after hiatus of 43 months

The Ministry of Oceans and Fisheries of South Korea announced on Thursday that the passenger ferry New Grand Peace is set to embark on Friday aftern...

Automobiles Insatiable Hyundai Motor aspires to lead India with SUVs, EVs

Hyundai Motor Group must become “the first mover” in India, which has emerged as the next fierce battlefield for global car makers after...

Tech, Media & Telecom Seoul Metro to develop communication system for foreign passengers

Foreign users of major subway stations in Seoul can communicate with Seoul Metro Corp. staff through simultaneous translation.  Through artific...