Chery Exceed

E-commerce StockX in merger talks with Naver’s online reseller Kream

StockX, the world’s most popular online resale marketplace, is in talks to merge with Kream, a resale unicorn under South Korea’s tech g...

Automobiles Korea’s KG Mobility teams up with Chery to develop mid to large SUVs

KG Mobility Corp., a South Korean automaker specializing in sport utility vehicles, said on Wednesday it joined hands with China’s fourth-larg...

Korean food China under spell of Korean spicy instant noodles; Samyang leads  

South Korea’s spicy instant noodles are poised to captivate China, the world’s largest ramen market, with their shipments to the neighbo...

Food & Beverage S.Korea's exports of snack exceed $700 mn mark in 2024

South Korea's confectionery exports from January to November last year increased 16.5% year over year surpassing $700 million for the first time, ac...

Banking & Finance Mirae Asset's IRP deposits surpasses $7.2 bn in 2024

South Korea's Mirae Asset Securities Co. said on Friday it became the first in the industry to surpass 10 trillion won ($7.2 billion) in individual ...

Mergers & Acquisitions MBK not to sell Korea Zinc to China after tender offer

MBK Partners Ltd. does not plan to sell Korea Zinc Inc., the world’s largest zinc and lead smelter, to China if MBK's takeover bid of up to 2 ...

Banking & Finance Hana Card's debit card overseas payment reaches 50%

South Korea's Hana Card reported on Friday that its domestic market share in overseas debit card payments has reached nearly 50%.The number of sub...

Corporate strategy Stock-rich KCC's shareholdings exceed its market cap

KCC Corp., a paint and glass maker but better known as a white knight for South Korean conglomerates, holds more than 4 trillion won ($3 billion) wo...

Korean stock market Korean tech stocks suffer falls despite strong Q2 results

Some 60% of the Kospi-listed companies that posted above-forecast results in the second quarter of this year have seen their share prices declining ...

Mergers & Acquisitions Brokerage firm Hanyang Securities' 11.3% stake up for sale

South Korea’s Hanyang University Foundation has decided to sell 11.3% of common shares and all the preferred stocks it holds in brokerage arm ...

Shipping & Shipbuilding HD KSOE eyes $3.4 bn worth of orders from France's CMA CGM

South Korea’s largest shipbuilder, HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), is eyeing around $3.4 billion worth of orde...

Markets Korean retail investors’ US stockholdings at record high

South Korean individual investors’ US stockholdings swelled to a record $82.19 billion as of early June amid the US stock market rally, while ...

Construction Dongbu Corp exceeds $730 bn in new orders

South Korea's Dongbu Corporation surpassed 1 trillion won ($727 million) in new orders this year by securing a 200 billion won ($145 million) railwa...

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...

Cryptocurrencies Upbit’s staking deposits exceed $2.2 bn

The staking deposits of Upbit, South Korea's leading crypto exchange, surged past 3 trillion won ($2.2 billion) by the end of April, according to ...

Banking & Finance Toss Bank exceeds 10 mn customers

South Korea’s fintech platform Toss Bank saw that its subscribers surpassed 10 million. According to the company, it's been two years and...

Electric vehicles EVs in S.Korea exceed 500,000

The cumulative number of electric vehicles (EVs) registered in South Korea exceeded 500,000 last year.The number of EV chargers supplied domesticall...

Food & Beverage Tous Les Jours exceeds 60 stores in Indonesia

CJ Foodville, the food subsidiary of South Korea's CJ Group, announced on Wednesday that its bakery chain brand Tous Les Jours has opened a new st...

Artificial intelligence Upstage releases Solar API for Free

South Korea’s artificial intelligence (AI) startup Upstage announced on Feb. 22 that it released the beta version of its open-source small lan...

Automobiles Hyundai Motor to exceed 100 mn cumulative sales in 2024

Hyundai Motor Co. 's cumulative vehicle sales are expected to surpass 100 million units this year since it started 56 years after the launch of car ...

Batteries EcoPro hits first 100,000 tons export in high-nickel cathode material

South Korean battery materials manufacturer EcoPro Co. announced on Monday that it achieved a significant milestone last year by exporting over 100,...

Tech, Media & Telecom Taihan Cable sees strong US business in January

South Korea's Taihan Cable & Solution Co. announced on Friday that it has surpassed a cumulative order in the US amount of $32 million (42.8 bil...

Corporate restructuring Taeyoung becomes 1st Korean builder in debt workout in decade

The vast majority of creditors to Taeyoung Engineering & Construction Co. (Taeyoung E&C) have agreed to start debt restructuring for the tro...

K-pop Psy’s ‘Gangnam Style’ surpasses 5 billion views on Youtube

The music video for singer Psy's global hit "Gangnam Style" has surpassed 5 billion views on YouTube.According to YouTube on Saturday, the music vid...

Electric vehicles Kia EV9 sweeps European awards, sees strong US pre-orders

The Kia EV9, the flagship large all-electric sport utility vehicle of South Korea’s No. 2 automaker, is sweeping major industrial awards in Eu...

Food & Beverage Mom's Touch Tokyo pop-up store visitors exceed 30,000

South Korean homegrown burger and chicken brand Mom's Touch & Co. announced on Friday its pop-up store in Shibuya, Tokyo, Japan successfully con...

Travel & Leisure Foreign visitors to S.Korea more than triple on-year in August

The number of foreign tourists visiting South Korea has exceeded 1 million for two consecutive months since the outbreak of COVID-19.According to th...

Tech, Media & Telecom LG Uplus pet care platform's subscribers exceed 300,000

South Korea's LG Uplus Corp. announced on Thursday that its pet service platform ForDong has garnered over 300,000 subscribers just 14 months sinc...

Sports S.Korea's golf industry market exceeds $15 bn in value: report

The value of South Korea's golf industry market last year exceeded 20 trillion won ($15 billion).A report by the Daejeon-based Yuwon Golf Foundation...

Artificial intelligence GenAI startup Wrtn’s cumulative subscribers exceed 1 million

South Korean generative AI startup Wrtn Technologies announced on Tuesday that it has surpassed one million cumulative subscribers to its service.Wr...