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E-commerce Naver to lead hyper-personalized shopping trends with super app

Naver Corp., South Korea's largest internet portal, will launch an AI-driven shopping app in the first half of 2025 to boost its lackluster e-commer...

Electronics Samsung Galaxy solidifies dominance in Indian smartphone market

South Korean tech giant Samsung Electronics Co. solidified its dominance in the Indian smartphone market, capturing its largest revenue share in the...

Automobiles Hyundai, Kia’s September US sales fall; hybrids buck weak sales trend

South Korea’s Hyundai Motor Co. and its sister firm Kia Corp. saw their US sales decline last month due to fewer selling days and weak market ...

Fiber & Textile Hansae acquires US textile company Texollini

South Korean garment maker Hansae Co. said on Tuesday that it acquired the US-based textile manufacturer Texollini Inc.Founded in 1989, Texollini is...

Mergers & Acquisitions S.Korea's Xingxing to merge Kickgoing

Pump Co., the operator of South Korea's personal mobility (PM) sharing service Xingxing, said on Monday that it will merge with Wololo, the company ...

Beauty & Cosmetics Kolmar Korea, Sensient Beauty to co-develop pigments

Kolmar Korea, a supplier to global cosmetics brands such as Estee Lauder, announced on Friday that it signed a memorandum of understanding (MOU) wit...

Travel & Leisure Jeju casinos, hotels bask in return of Chinese tourists; luxury shops fall

Following the pandemic, hotels and casinos are enjoying a renewed tourist boom with Chinese tourists returning to South Korea, particularly its top ...

Asset management Niche real asset creates new opportunities, Korean investors say

The scope of real assets is expanding with new businesses such as infrastructure operating services and supply chain management, creating niche oppo...

Electronics Samsung Electronics unveils 114-inch Micro LED

Samsung Electronics Co. announced on Tuesday that it unveiled its 114-inch Micro LED to expand its Micro LED lineup to include 89-inch, 101-inch.&nb...

Economy Korea’s headline inflation dips below 3% in April but erratic

South Korea’s headline inflation dipped below 3% for the first time in three months last month but uncertainty lingers from still-high agricul...

Korean startups Korean startup CEOs away from home lead global expedition

South Korea’s promising startup founders, who normally double as chief executive officers for their companies, are leaving their home turf to ...

Retail Korea leads global online shopping trend for used luxury goods

South Koreans are leading the trend of buying used luxury goods online with top-end products such as Rolex watches and Hermes bags among the hottest...

Economy S.Korea’s travel deficit widens to 1-year high in January

South Korea’s travel account deficit reached its highest level in one year in January as a greater number of Koreans spent their winter break ...

Alternative investments Peak views: What lies ahead in 2024?

With 2023 at a close, financial markets are at an important junction. Major developed market central banks have paused their rate rises and there ...

Fashion CJ OnStyle launches genderless fashion brand M12

South Korea's CJ OnStyle announced on Thursday that it will launch a genderless fashion brand M12. M12 means genderless lifewear that can be worn co...

Economy S.Korea’s November travel account deficit doubles vs October

South Korea’s travel account deficit doubled to $1.28 billion in November 2023 compared to the previous month, narrowing the current account s...

Artificial intelligence S-1 sees facial recognition AI as core trend in 2024

South Korea's system securities provider S-1 Corp. has forecasted a significant rise in the demand for AI-powered security solutions this year, pr...

Korean stock market Chipmakers Samsung, SK Hynix among foreigners’ top picks in Korea

South Korea’s two largest chipmakers, Samsung Electronics Co. and SK Hynix Inc., were among foreign investors’ top picks on the country&...

Asset management Fed rate likely to be 2-4% over next decade: Oaktree's Howard Marks

Investors are experiencing the third “sea change,” facing the Federal Reserve’s rate hikes and its impact on economies and busines...

Entertainment CJ ENM launches AI sound source service

South Korean entertainment giant CJ ENM Co. introduced "Viodio: CJ ENM Air," an AI sound source service that makes it easy to utilize AI-generated m...

Bio & Pharma CJ CheilJedang searches for global bio talent in Boston

South Korean food and bio giant CJ CheilJedang Corp. on Monday said its Chief Technology Officer Hwang Yun-il, CJ CheilJedang BIO executive Yoon Seo...

Artificial intelligence KT, BI Matrix to develop natural language processing AI

South Korea's KT Corp. is partnering with the intelligent solutions specialist company BI Matrix to develop technology that uses artificial intell...

Retail Japan's fever for Korean homegrown brands on the rise

Shimamura Co., Japan’s second-largest apparel company that runs around 2,200 stores nationwide, has dispatched a team of four buyers to Seoul ...

Food & Beverage South Korea's whisky imports surge 50% to record high

South Korea's whisky imports surged by 50% in the first half of 2023, reaching an unprecedented peak, according to trade data the Korea Customs Serv...

Automobiles Hyundai Motor chairman visits Intel, seeking stable supply of chips

Hyundai Motor Group Chairman Chung Euisun toured Intel Corp.’s Leixlip Campus in County Kildare, Ireland last week to check out the latest tec...

Min Sung Precision Co.

Key facts Industry Industrial mold manufacturing and repairment/plastic injection molding Mainstay products/services High-precision mold...

Corporate strategy POSCO to comply with IRA rules to access battery tax breaks: chairman

NEW YORK – POSCO Group, which owns South Korea’s largest steelmaker, has been striving to transform into a low-carbon conglomerate by sh...

Earnings Slowing economy slams S.Korean retailers; outlook dim

South Korean major retailers are suffering from a slowdown in Asia’s fourth-largest economy, adding to concerns about weaker earnings in the c...

Content platforms Netflix to inject $2.5 bn in Korean drama series, movies over next 4 years

WASHINGTON, D.C. –  US streaming giant Netflix is slated to invest $2.5 billion in South Korea over the next four years to boost its cont...

Tech, Media & Telecom Ransomware attacks targeting S.Korean companies on sharp rise

Global hacker groups' ransomware attacks against domestic companies and organizations in the first quarter of this year have been revealed to total ...