Goodwood Festival of Speed

Asset management South Korea’s young rich vs old rich: Coins, art outpace bonds, funds

Young South Korean millionaires, placing bold wagers on unconventional financial assets such as cryptocurrencies and art, are gaining ground fast, g...

Korean Innovators at CES 2025 SK Hynix to collaborate with Nvidia on Cosmos physical AI platform: Chey

LAS VEGAS – SK Hynix Inc., the world’s second-largest memory chipmaker, has agreed to collaborate with Nvidia Corp. on the top US AI chi...

Aerospace & Defense S.Korea's HJ S&C eyes US Navy MRO market

HJ Shipbuilding & Construction Co. (HJ S&C) said on Wednesday it won a 124.7 billion won ($894 million) contract from the Defense Acquisit...

Korean startups Global startup festival ComeUp to be held in December

The South Korean Ministry of SMEs and Startups announced on Monday that it will host the global startup festival ComeUp 2024 at COEX, Seoul on Decem...

Food & Beverage HiteJinro sees annual soju exports to Cambodia grow 31%

HiteJinro Co., South Korea’s leading soju maker, resumed its Jinro EDM Festival at Cambodia’s Bon Om Tuk water festival after a four-y...

Electronics LG to expand appliance subscriptions to India to speed up leasing business

LG Electronics Inc., the leading global home appliance maker, is considering expanding its subscription service into new overseas markets, such as I...

Retail 11Street to host grand shopping festival in November

South Korea’s e-commerce platform 11Street Co. will hold its annual Grand 11 shopping festival from November 1 to 11. Since 2008, the company...

ASK 2024 NPS bullish on real estate in low interest era: chairman

South Korea’s National Pension Service (NPS) will raise exposure to residential housing and data centers to take advantage of lower interest r...

Automobiles Genesis sponsors Busan International Film Festival

Hyundai Motor Co.'s premium brand Genesis said on Friday that it will continue its sponsorship of the 29th Busan International Film Festival (BIFF),...

Electric vehicles Hyundai Mobis to mass-produce parts to double EV charging speed

UIWANG, Gyeonggi Province – Hyundai Mobis Co., the world’s fifth-largest auto parts maker, plans to mass-produce a component that double...

Culture & Trends Suwon Hwaseong Cultural Festival to be promoted as global event

The South Korean Ministry of Culture, Sports, and Tourism said that the Suwon Hwaseong Cultural Festival, recently chosen as a Korea Representativ...

Electronics LG NOVA hosts Innovation Festival in US

LG Electronics Inc. 's North American Innovation Center (LG NOVA) said on Monday that it held an Innovation Festival last Wednesday and Thursday at ...

Culture & Trends Korea to launch regular K-content festival in June

South Korea plans to host a regular event showcasing its cultural products such as K-pop and foods in June of next year with the goal of making the ...

Corporate strategy SK seeks sale of specialty gas unit for around $3 bn

SK Group, the second-largest conglomerate in South Korea, is considering selling global leading specialty gas producer SK Specialty Co. for around 4...

Korean chipmakers US to award SK Hynix up to $450 mn for Indiana chip complex

The US government said on Tuesday it plans to provide SK Hynix Inc., the world’s leading high-bandwidth memory (HBM) chipmaker, up to $450 mil...

Electric vehicles Lamborghini unveils 1st plug-in hybrid SUV Urus SE in Korea

Italian sports car maker Lamborghini S.p.A. on Tuesday unveiled the Urus SE, its first plug-in hybrid super sport utility vehicle, in South Korea, t...

Robotics Lotte Innovate releases autonomous security robot Dooroo Eye

South Korea's Lotte Innovate will unveil its autonomous security robot, Dooroo Eye, at the upcoming Autonomous Driving Mobility EXPO 2024, the com...

Automobiles Hyundai Motor speeds up hydrogen bus charging business in Korea

South Korea’s Hyundai Motor Co. is set to become the largest shareholder of a local hydrogen-powered-vehicle charging station operator to boos...

Leadership & Management SK Square to ramp up chip investment with new CEO

South Korea’s No. 2 conglomerate SK Group said on Thursday that its investment arm SK Square Co., led by new CEO Han Myung-jin, will ramp ...

Leadership & Management Korea Zinc speeds up separation from Young Poong in management feud

South Korea’s largest zinc smelter Korea Zinc Co. is accelerating its efforts to terminate its decades-long business relations with parent You...

Korean startups Uniqconn raises $7 mn in Series A round

South Korea's system semiconductor startup Uniqconn announced on Tuesday that it attracted 10 billion won ($7.24 million) in Series A roundThe fun...

Business & Politics Hyundai Rotem wins express train supply deal from Uzbekistan

Hyundai Rotem Co., a South Korean rolling stock and defense equipment maker, has secured a 270 billion won ($196 million) order from Uzbekistan to s...

Batteries LG Energy, ADI tie up for fast-charging EV battery technologies

LG Energy Solution Ltd., the world’s No. 3 electric vehicle battery maker, joined hands with US chipmaker Analog Devices Inc. (ADI) on advance...

Real estate Korea's Taeyoung to sell local hotel to speed up debt workout

South Korea’s Taeyoung Group, which is undergoing a debt workout of its construction unit, is considering selling a four-star hotel and releva...

Machinery HD Hyundai aims for world’s No. 5 spot in construction machinery

HD Hyundai Co., a South Korean shipbuilding and machinery conglomerate, is making big bets on Europe and South America to achieve its goal of seizin...

Retail Starfield launches 4th annual balloon festival with iconic character displays

Starfield, a chain of large shopping malls owned by Shinsegae, a South Korean retail company, announced on Friday that its 4th annual balloon festiv...

Short selling Korea builds system to speed up naked short-selling ban

South Korea’s top financial regulator is set to build a centralized digital system to strengthen the prevention of naked short-selling as the ...

Electronics Samsung showcases The Freestyle Zone at camping festival

Samsung Electronics Co. announced on Friday that it set up the experience zone for the portable screen The Freestyle Second Generation at the Go Out...

Food & Beverage Pepero enters Thailand’s King Power Duty Free

South Korea's Lotte Wellfood Co. announced on Friday that its thin chocolate-coated cookie sticks Pepero and no-sugar ice cream Zero entered King Po...

Electronics Samsung unveils 2024 AI TV lineup in India

Samsung Electronics Co. launched its 2024 new TV lineup with enhanced AI functions at the Samsung Opera House in Bengaluru, India, on April 17.At th...