extended reality

Bio & Pharma Celltrion expands footprint in Latin America with flagship oncology drugs

South Korea’s biopharmaceutical giant Celltrion Inc. has solidified its presence in South America after winning supply contracts for its flags...

Business & Politics Yoon becomes first S.Korean sitting president to be formally arrested

South Korean President Yoon Suk Yeol has become the country's first sitting president to be arrested on rebellion charges as part of a probe into hi...

Batteries LG Energy set to acquire GM’s $1 bn stake in Ultium JV plant in Michigan

South Korea’s LG Energy Solution Ltd. plans to acquire General Motors Co.’s stake in their battery joint venture plant in Lansing, Michi...

Real estate Korea’s financial exposure to real estate nearly doubles in 10 years

South Korea’s financial exposure to real estate has nearly doubled over the past decade, with lending to households making up about half. The ...

Corporate strategy Hyundai Motor cuts 2030 sales goals as EV chasm likely protracted

South Korean top automaker Hyundai Motor Co. has slashed its long-term vehicle sales targets by 6% as it prepares for aggressive marketing by Chines...

K-pop HYBE shares fall after NewJeans demand Min's reinstatement

HYBE Co. has suffered a fall of its share price for two consecutive days after its popular girl group NewJeans demanded their former creative direct...

Aerospace & Defense South Korea to extend export missile range from 300 km to 500 km

South Korea has decided to extend the range of missiles for export to 500 kilometers from the current 300 km after accepting requests to do so from ...

Korean stock market S.Korean stocks log largest daily loss since pandemic

The South Korean stock market dropped more than 3% on Friday to breach the psychologically important barrier of 2,700 in almost two months, after we...

Artificial intelligence Naver launches Saudi digital twin project for smart cities

South Korean internet giant Naver Corp. and the Saudi Arabian government have started a five-year project to build digital twin platforms for Riyadh...

Shipping & Shipbuilding HD Hyundai Samho expands berthing facilities

South Korean shipbuilder HD Hyundai Samho Co. has expanded its berthing facilities to meet the growing number of orders for eco-friendly ships.The s...

Electronics LG Elec, Tennessee Titans renew sponsorship

LG Electronics Inc. announced on Tuesday that it renewed a three-year expansion to its official partnership with the Tennessee Titans, an NFL team b...

Economy S.Korea’s consumer goods exports to top $100 bn in 2024: KOTRA

South Korea is projected to reap more than $100 billion from selling the country’s consumer goods overseas this year. Exports of such products...

Automobiles Hankook Tire extends sponsorship of Europa League for 3 years

Hankook Tire & Technology announced on Tuesday that it extended its official sponsorship contracts with the UEFA Europa League and UEFA Europa C...

Korean games Netmarble leverages existing IPs, M&As to keep growth

Expectations are growing high that Netmarble Corp., South Korea’s second-largest game developer and publisher, will extend its growth streak t...

Banking & Finance Korean banks broaden horizons to Mexico, Poland, Africa

South Korean banks are broadening their horizons beyond Asia into Mexico, Poland and Africa in step with Korean manufacturing companies’ globa...

Private equity Affinity extends tender offer for food container maker Lock&Lock

Hong Kong-based Affinity Equity Partners is set to extend its tender offer for South Korean food container maker Lock&Lock Co. shares, as the pr...

Earnings Korean banking group's Q1 profits drop on ELS sales

The combined net profit at South Korea’s four largest financial services firms, including KB Financial Group, are estimated to have dropped ne...

Artificial intelligence Korea’s LG telecom unit unveils AI agent with own technology

LG Uplus Corp., South Korea’s No. 3 mobile carrier, has introduced an artificial intelligence agent platform based on its own ixi AI technolog...

Corporate governance Hanwha Group extends RSU to all affiliates

South Korea’s Hanwha Group announced on Wednesday that it will extend the restricted stock unit (RSU) to its all affiliates. Next year, RSU ...

Short selling Korea’s top regulator detects more foreigners’ naked shorting

South Korea’s top financial regulator is detecting more circumstances of naked short-selling worth tens of millions of dollars by foreign inve...

Retail Lotte extends Brisbane Airport duty-free shop operations until 2034

Lotte Duty Free, South Korea’s largest duty-free business operator, said on Sunday it has extended its operating rights for a duty-free shop a...

Metaverse UAE, Korea’s Naver Z join hands for virtual reality tech

South Korea’s Naver Z Corp., the operator of virtual world platform Zepeto, said Monday it will join forces with the United Arab Emirates&rsqu...

Economy S.Korea’s chip exports rebound, ending 15-month losing streak

South Korean exports of semiconductors, the country’s top export item, rebounded in November, ending 15 months of declines and reinforcing exp...

Electronics Samsung, LG accelerate push into virtual reality displays

South Korea’s two leading display makers Samsung Display Co. and LG Display Co. are in the early stages of developing screens for extended, or...

Bio & Pharma SK Biopharma’s Cenobamate US patent extended by 2032

South Korea's SK Biopharmaceuticals announced on Friday an extension of its US patent for the epilepsy treatment Cenobamate, now set to expire on Oc...

Earnings Kakao bets on AI bot for breakthrough

Kakao Corp., the operator of South Korea’s dominant chat app KakaoTalk, will seek a breakthrough with an artificial intelligence-powered bot a...

Banking & Finance KakaoBank to acquire 10% stake in Super Bank Indonesia

South Korea's KakaoBank Corp. announced on Tuesday its decision to invest in Indonesia's digital banking entity PT Super Bank Indonesia.This move ...

Regulations S.Korea to extend forex trading hours from Oct. 4 to lure foreign dealers

South Korea will extend the operating hours of the domestic foreign exchange market from next month, allowing foreign currency dealers to directly p...

Bio & Pharma Samsung Biologics wins $242 mn order from Bristol Myers Squibb

Samsung Biologics Co., the world’s largest contract drugmaker, said on Monday it has signed an agreement to produce $242 million worth of anti...

Automobiles Hyundai IONIQ 6’s engine named best in US

Hyundai Motor Co. announced on Friday that its electric vehicle (EV) IONIQ 6 sedan's powertrain was named one of the "2023 Wards 10 Best Engines and...