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Economy Opposition-controlled Korean Parliament passes slashed $470 bn budget

South Korea's opposition-controlled National Assembly on Tuesday passed a government budget bill for 2025, slashed from the government's proposal am...

Economy Korean economic policy chiefs play down martial law impact

South Korea’s Finance Minister Choi Sang-mok said on Friday that President Yoon Suk Yeol’s failed martial law attempt will have a very l...

Airlines Korea’s LCCs to counter headwinds with exclusive routes, lower fares

South Korea’s budget airlines are gearing up to weather the sector’s downturn amid a weaker local currency and a sluggish domestic econo...

Food & Beverage Binggrae sells plant-based Melona at Costco in Australia

South Korean food and beverage company Binggrae said on Wednesday that it sells its plant-based Melona at Costco stores in Australia from November.P...

Entertainment TVing beefs up sports content, narrowing gap with Netflix

TVing, a South Korean over-the-top (OTT) platform, is beefing up its live sports programming and TV series featuring baseball players to catch up to...

Logistics CJ Logistics, Baropharm to cooperate on pharmaceutical logistics

South Korea's CJ Logistics said on Monday it signed a strategic partnership and exclusive pharmaceutical logistics contract with Baropharm, an integ...

Food & Beverage Lotte Home Shopping, Asahi to cooperate on health functional food biz

South Korea's Lotte Home Shopping signed an exclusive agreement with Japan's Asahi Group Foods to supply and sell health functional food ingredients...

Automobiles Hyundai Motor releases 2025 Santa Fe

Hyundai Motor Co. said on Tuesday that it released the 2025 Santa Fe, a model year change of its flagship midsize sports utility vehicle (SUV) The A...

Shipping & Shipbuilding Tighter emissions rules boost HD Hyundai Marine margin

HD Hyundai Marine Solution Co., a ship parts manufacturing and after-sales service company, has reported the highest-ever operating profit margin in...

Companies Samsung, Ottogi unveil exclusive lifestyle TV goods

Samsung Electronics Co. announced on Friday that it collaborated with the domestic food company Ottogi to release limited edition goods called Samsu...

Food & Beverage Bibigo opens store in Incheon Airport duty-free shops

CJ CheilJedang Corp.'s Korean food brand Bibigo announced on Tuesday that it recently opened its stores at Shinsegae Duty Free and Shilla Duty Free ...

Automobiles Hyundai Motor debuts 2025 Avante with improved cluster space use

Hyundai Motor Co. announced on Thursday that it has launched the updated model of the compact sedan, 2025 Avante, and has begun full-scale sales.Sin...

Fashion S.Korea's Handsome opens global flagship store System Paris

South Korean fashion company Handsome Corp. announced on Wednesday that it will open its first global flagship store System and System Homme Paris i...

Automobiles Kia launches 2024 model year of Morning

Kia Corp. announced on Monday that it launched its flagship compact car Morning's model year the 2024 Morning. The 2024 Morning featured the ne...

Electric vehicles Hyundai to raise Tucson Hybrid output in Korea for exports

Hyundai Motor Co., South Korea’s top automaker, plans to ramp up Korean production of the hybrid version of its Tucson sport utility vehicle f...

Bio & Pharma Handok gets Biocon's obesity drug exclusive distribution in S.Korea

South Korean pharmaceutical company Handok Inc. announced on Friday that it signed an exclusive domestic sales and distribution agreement with India...

Automobiles HL Holdings wins exclusive AS parts deal from Stellantis

HL Holdings Corp., the holding company of South Korea’s construction-to-auto parts conglomerate HL Group, will be the exclusive supplier of af...

Future mobility SK Signet to supply EV chargers to Gilbarco

SK Signet Inc., South Korea's electric vehicle (EV) charger manufacturer, announced on Thursday that it partnered with Gilbarco Veeder-Root, the wor...

Batteries LG’s $5.5 billion LFP, ESS battery plants in Arizona to kick off in 2026

LG Energy Solution Ltd., the world’s second-largest battery maker, said on Thursday its 7.2 trillion won ($5.5 billion) battery complex in Ari...

K-pop Universal Music acquires 10-year distribution rights to HYBE music

The world’s largest music company Universal Music Group (UMG) has struck an exclusive deal to distribute music from HYBE Co., the South Korean...

Electric vehicles Hyundai boosts Genesis with enhanced performance, luxury

NEW YORK -- Hyundai Motor Co., South Korea’s top automaker, is set to boost its premium brand Genesis with performance models and more luxury ...

Automobiles Hyundai Motor unveils Genesis G90 Black

Hyundai Motor Co. announced on Thursday that its premium brand Genesis launched the Genesis G90 Black, the highest trim of its premium brand of Gene...

Automobiles Korea, new darling of Maybach, Bentley, Rolls-Royce

Foreign exquisite, high-end car brands are eager to offer new and exclusive experiences to their customers in South Korea, the fastest-growing luxur...

Energy LS Eco Energy to supply UHV cables to Singapore's EMA

South Korea's LS Eco Energy Ltd. announced on Tuesday that its Vietnamese production subsidiary, LS-VINA, will supply 12 billion won ($8.99 million)...

Robotics LG Electronics to develop hotel-exclusive robots

LG Electronics Inc. will develop hospitality robots jointly with South Korea’s luxury hotel chain operator Josun Hotels & Resorts Co. to m...

Automobiles Hyundai Motor unveils 2024 Kona

Hyundai Motor Co. announced on Tuesday that it unveiled the 2024 model of its best-selling electric vehicle (EV) compact sports utility vehicle (SUV...

Construction Daewoo E&C teams up with Chinese company on wind power generation

Daewoo Engineering & Construction Co. announced on Thursday that it has signed a business agreement with China Communications Construction Compa...

Food & Beverage Lotte gets exclusive right of Bacha Coffee in S.Korea

South Korea's Lotte Department Store announced on Thursday that is has secured the exclusive franchise and distribution rights for Bacha Coffee, M...

Bio & Pharma ToolGen gets FDA approval for TGT-001 as ODD

South Korean genome editing developer ToolGen Inc. announced on Monday that its application for orphan drug designation (ODD) of the gene correction...

Retail Home&Shopping opens exclusive section in Vietnam K-Market

South Korea's Home&Shopping announced on Friday that it opened its exclusive section in the K-Market in Vietnam. The company aims to support the...