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Automobiles Hyundai’s new American dream comes with new plant, more spending

ELLABELL, Georgia – When Hyundai Motor Group Honorary Chairman Chung Mong-koo opened the South Korean automaker’s first US plant in Alab...

Corporate strategy Hankook Tire seeks to evolve beyond tires, auto parts

Hankook & Company Co., the holding company of Hankook Tire & Technology Co., will ramp up battery production for energy storage systems and ...

Automobiles Hyundai CEO Muñoz named MotorTrend Person of the Year

South Korea’s top carmaker Hyundai Motor Co. Chief Executive Officer José Muñoz was picked as the most powerful figure in the in...

Webtoons Piccoma tops consumer spending ranking in Japan

Kakao Piccoma, a Japanese digital comics app subsidiary of South Korean mobile giant Kakao Corp., topped the consumer spending ranking in the Japane...

Beauty & Cosmetics Korean cosmetics beat Chanel, Lancôme to rank top in US, Japan

South Korea’s cosmetics products, also known as K-beauty, have gained global renown, overtaking French brands such as Chanel and Lancôme...

Korean startups Language learning app Speakeasy joins ranks of unicorn startups

Speakeasy Labs Inc., a South Korea-focused language learning app operator, has joined the ranks of unicorn startups after raising $78 million at a v...

Electronics LG Electronics rises to global prominence in HVAC segment, ranks fifth

LG Electronics Inc., a leading South Korean home appliance maker, has emerged as one of the world’s top five players in the heating, ventilati...

Banking & Finance Mirae Asset's retirement pension reserves rise by $2.9 bn in 2024

South Korea's Mirae Asset Securities Co. said on Tuesday that its defined contribution (DC) retirement pension and individual retirement pension (IR...

Tech, Media & Telecom S.Korea tops 5G mobile gaming environment in E.Asia

South Korea led the game score in East Asia with 90.06 out of 100 during the first half of this year, followed by China with 85.64 and Japan with a ...

Automobiles Kia to sweep top three spots in Korea car sales on SUV, hybrid boom

Kia Corp., South Korea’s No. 2 automaker, is poised to claim the top three spots on the country’s best-selling car list this year thanks...

ESG LG Elec tops US sustainable brand rankings for HVAC, appliances

LG Electronics Inc. said on Wednesday it was named the most sustainable brand in the US for its heating, ventilation, and air conditioning (HVAC) so...

Tech, Media & Telecom S.Koreans log most hours on YouTube worldwide

YouTube was the most popular app among South Korean smartphone users, a study found, logging the most hours on the video streaming platform worldwid...

Automobiles Kia ranks first in customer satisfaction in India

Kia Corp. said on Tuesday that it ranked first in the mass-market brand category in the customer experience index survey recently released by India'...

Retail S.Korean travel retailers face downturn without Chinese big spenders

Before COVID-19 swept the world, South Korea’s top two travel retailers Lotte Duty Free and Shilla Duty Free Shop ascended to the world’...

Artificial intelligence Liner ranks 9th in generative AI services selected by a16z

South Korea's generative AI startup Liner said on Friday that its search service ranked 9th in the web services category of the Top-100 Gen AI Consu...

Banking & Finance Shinhan Card tops S.Korea's EPG ranking for financial institutions

South Korea's Shinhan Card said on Monday it was ranked as the leading company in the domestic financial sector in an environment, population, and g...

Korean games Com2us BTS Cooking On surpasses 1 mn global downloads

South Korea's Com2uS Corp. announced on Monday that its new cooking simulation game, "BTS Cooking On: TinyTAN Restaurant," reached 1 million downloa...

Korean chipmakers Seoul Semiconductor overtakes Japan’s Nichia as top backlight LED maker

South Korea’s Seoul Semiconductor Co. has overtaken Japan’s Nichia Corp. as the world’s top backlight light-emitting diode (LED) d...

Banking & Finance Woori Financial Group relaunches brokerage arm

Woori Financial Group has returned to South Korea’s brokerage service market after a decade with the launch on Thursday of Woori Investment &a...

Automobiles Mercedes-Benz ranked first in KSQI imported car dealership

Mercedes-Benz Korea announced on Wednesday that it has ranked first in the imported car dealership category for the 10th consecutive year in the 202...

Electronics Samsung Electronics tops in S.Korea's after-sales service

Samsung Electronics Service, a service subsidiary of Samsung Electronics Co.,  announced on Tuesday that it topped all categories - home applia...

Airlines Korean Air named Skytrax world's top 100 airlines

Korean Air Lines Co. and Asiana Airlines Inc. have been selected for the 2024 World Airline Awards by UK-based aviation consultancy Skytrax on June ...

Economy South Korea climbs to 20th on IMD national competitiveness list

South Korea’s national competitiveness ranking climbed eight notches to its highest-ever 20th thanks to a leap in the country’s business...

Electronics Samsung becomes No.1 smartphone brand in 38 countries in Q1

Samsung Electronics Co. has become No. 1 smartphone brand in 38 countries in the first quarter of this year.According to Counterpoint Research's Sma...

Beauty & Cosmetics Korean beauty brands show signs of turnaround in China

South Korean cosmetics brands are showing signs of a turnaround in China, with their sales in the neighboring country recovering from the slump over...

Shipping & Shipbuilding HMM gets Platinum ESG rating from EcoVadis

HMM Co., South Korea’s flagship sea carrier, announced on Tuesday that it achieved the Platinum rating from EcoVadis, a global environmental, ...

Electronics LG Elec named best front-load washer in US

LG Electronics Inc. has dominated the top positions in the latest ratings for the best front-load washing machines conducted by Consumer Reports, a ...

Banking & Finance Mirae Asset's Indian unit boosts retail brokerage services

South Korean brokerage house Mirae Asset Securities Co. said on Tuesday that the number of its retail customer accounts in India, one of the world&r...

Banking & Finance KB Kookmin Bank opens KB Prasac Bank in Cambodia

KB Kookmin Bank announced on Monday that it held an opening event for the integrated commercial bank KB Prasac Bank PLC in Phnom Penh, Cambodia, on ...

Automobiles Hyundai to reignite Brazil’s mobility push with $1.1 billion investment

South Korea’s top automaker Hyundai Motor Co. said on Friday it will invest $1.1 billion in Brazil to reinvigorate the South American country&...