hit-to-kill capability

Automobiles US auto parts tariffs take effect; Korea avoids heavy hit

The US has eased tariffs on automotive parts that took effect on May 3, offering a sigh of relief to South Korean suppliers, who said a worst-case s...

Automobiles Exports of Korea-made used cars to hit record high in 2025

South Korea’s exports of used cars by its homegrown auto brands are expected to hit a historic high this year, thanks to their improved brand ...

Economy Trump’s tariffs are hitting exports, early Korean data show

The effects of President Trump’s new tariffs are starting to be felt across the world, preliminary South Korean trade data suggest, as Seoul p...

Shareholder value Celltrion to cancel $140 mn in treasury shares, stock up

South Korea’s leading biosimilar drug developer Celltrion Inc. announced on Friday a plan to cancel $140 million worth of treasury shares to i...

Electronics LG Electronics hits record sales in India, paving way for 2025 IPO

LG Electronics Inc. posted its largest-ever sales in India in 2024, providing a boost to the planned initial public offering of its Indian unit this...

Shipping & Shipbuilding HD Hyundai, Hanwha to tap into $242 billion US Navy warship market

South Korea’s two warship builders – HD Hyundai Heavy Industries Co. and Hanwha Ocean Co., – are set to ride tailwinds in their bi...

Earnings Kia hits record 2024 sales; profit margins highest among global automakers

South Korea’s second-largest automaker Kia Corp. on Friday posted its highest-ever annual sales, operating profit and profit margins in 2024, ...

Tech, Media & Telecom KT to sell financial security unit for $59 mn for restructuring

South Korea’s KT Corp. is set to sell Initech Co., its Kosdaq-listed financial security unit, for 85 billion won ($59.1 million) as the leadin...

Automobiles Hyundai, Kia’s green car exports hit record in 2024

Hyundai Motor Co. and its sibling Kia Corp. together shipped a record-high number of eco-friendly cars to overseas markets last year thanks to stron...

Economy Foreign direct investments in Korea hit record $34.57 billion in 2024

Foreign direct investments in South Korea hit a record high in 2024, driven by Chinese and Japanese investors in the manufacturing sector, the Minis...

Economy Korea’s 2024 exports hit all-time high, driven by chips, shipments to China

South Korea’s exports, the country’s main growth driver, reached an all-time high in 2024, buoyed by strong semiconductor exports and a ...

Corporate bonds Korea Inc. to face refunding risks with record corporate bond maturities

South Korean companies are expected to face refunding risks thanks to record corporate bond maturities in the first half of 2025, as fundraising con...

Mergers & Acquisitions M&A deals in South Korea hit 7-year low in 2024

South Korea’s mergers and acquisitions market shrank further in 2024, with leading business groups seeking to unload non-core assets to bolste...

Food & Beverage Hanwha seeks acquisition of sibling feud-mired Korean catering firm Ourhome

South Korea’s Hanwha Group is seeking to acquire local catering service provider Ourhome, embroiled in the owner family's sibling disputes, fo...

Cloud computing CJ OliveNetworks to expand cloud management biz

South Korea's CJ OliveNetworks said on Wednesday it will expand its managed service provider (MSP) in the cloud industry, utilizing Naver Cloud and ...

Chemical Industry Hyosung TNC mulls takeover of chemical affiliate’s specialty gas unit

Hyosung TNC Corp., the world’s top spandex maker, is considering taking over the specialty gas business of its chemical affiliate, news of whi...

Robotics Robotis, MIT to jointly develop physical AI

South Korea's Robotis Co. said on Tuesday it partnered with the Massachusetts Institute of Technology (MIT) to develop physical AI.Robotis and MIT w...

Cloud computing Salesforce outage disrupts businesses across Asia Pacific

Salesforce Inc., the world’s top customer relationship management (CRM) platform, is grappling with a major service outage affecting more than...

Artificial intelligence GS Group, Notion to team up on AI capabilities

South Korea's GS Group signed a memorandum of understanding (MOU) with Notion, the US-based popular collaboration software company to enhance its ...

Banking & Finance KB Financial to use excess capital for share buybacks, dividends

KB Financial Group Inc., South Korea’s largest financial holding group, is set to use its excess capital for share buybacks and dividends next...

Mergers & Acquisitions Korea Zinc takes control of key shareholder in management feud with MBK

Korea Zinc Inc. succeeded in taking control of Young Poong Precision Corp., a key player in the management battle against North Asia-focused private...

Logistics CJ Logistics, KT&G introduce hydrogen cargo trucks

South Korea's CJ Logistics said on Thursday that it deployed two 11-ton hydrogen-powered cargo trucks in the logistics division of KT&G Corp.The...

Mergers & Acquisitions Korea Zinc ups share buyback price, volume to counter MBK

Korea Zinc Inc. said on Friday it will buy back more shares at a higher price than originally planned to counter North Asia-focused private equity f...

Batteries LG Energy to supply EV batteries to Mercedes-Benz in N.America

LG Energy Solution Ltd., the world’s third-largest electric vehicle battery manufacturer, is set to supply cells to Mercedes-Benz AG, a German...

Travel & Leisure Yanolja Cloud Solution relocates headquarters to India

South Korea’s top travel and accommodation booking platform operator Yanolja Co. said on Tuesday that it relocated its global solution subsidi...

Corporate restructuring Korea’s E-Mart to delist troubled building unit for restructuring

South Korea’s largest supermarket chain E-Mart Inc. said on Monday it is set to delist its troubled construction subsidiary from the main loca...

Automobiles Hyundai's accumulated production hits 100 mn unit milestone

Hyundai Motor has achieved the 100 million-unit milestone for its accumulated production 57 years after its inception, led by the Avante compact sed...

Banking & Finance Korea’s Hana Financial Group targets foreign customers

Hana Financial Group, South Korea’s third-largest financial holding company, is targeting foreign individual customers in the country with a d...

Bio & Pharma Osstem Implant to boost digital dentistry business

South Korea's Osstem Implant Co., the world’s fourth-largest dental implant maker, will enhance its software system of digital dentistry. ...

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 ...