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Samsung Electronics said Tuesday its California-based research and development unit has partnered with Princeton University to lead innovation in the sixth-generation telecommunications networking system. Samsung Research America has become a founding member of the corporate affiliates program lau...
The proportion of South Koreans working more than 50 hours a week has sharply dropped over the past 20 years to be on par with the average for member countries of the Organization for Economic Cooperation and Development, according to a new report from a Korean business lobby group on Tuesday. Acc...
Hyundai Motor Group has once again moved up the launch of its new US plant solely dedicated to producing electric vehicles to October this year, three months ahead of its current schedule, to enhance its readiness to toughened subsidy rules. "We're pulling ahead because everybody knows how importa...
South Korean food giant CJ CheilJedang's overseas food business outperformed its domestic sales for the first time in the fourth quarter of 2023, driven by the strong performance of its flagship products in the US, Australia and Europe. On Tuesday, CJ CheilJedang reported its consolidated earnings...
South Korea ranked fourth in the world in terms of the number of Starbucks stores in the country, following the United States, China and Japan, with an increase of over 100 new stores in 2023. According to the Starbucks global website on Sunday, the number of stores in Korea at the end of last yea...
CJ Logistics, the nation’s largest logistic firm, affiliated with retail giant CJ Group, is speeding up its overseas expansion this year, according to industry sources on Monday. Its Indian subsidiary, CJ Darcl Logistics, aims to make its stock debut in the first half of the year, while the compa...
Samsung Electronics Chairman Lee Jae-yong last week renewed his will to continue bold investments despite business uncertainties upon his visit to the construction site of a new 1.7 trillion won ($1.2 billion) battery plant in Malaysia. According to the tech giant on Monday, the Samsung chief on F...
South Korea secured its place among the world's top 10 defense exporters for the second consecutive year in 2023 with approximately $14 billion in exports, anticipating continued demand this year bolstered by substantial deals already in place. Data from the Korean Ministry of National Defense and...
Hyundai Motor Group is highly likely to surpass the 100-million-vehicle sales mark this year, 56 years after it started selling cars in Korea in 1968. According to the carmaker on Monday, it has sold close to 97 million vehicles around the world as of last year. Of these, about 24 million were sol...
Posco Holdings said Thursday it has named Chang In-hwa, former CEO of steelmaker Posco, to lead the nation's fifth-largest business group as its next chairman. The result was announced after seven members of the CEO Candidate Recommendation Committee of Posco Group interviewed six candidates in th...
South Korean conglomerates are becoming more reluctant to finalize their hiring plans this year or downsize the number of new employees as their business prospects are shrouded in uncertainty, a poll on job recruiters showed on Thursday. Some 67 percent of conglomerates with over 1,000 employees c...
Amid soaring exports of Korean instant noodles in recent years, a renewed spotlight has been cast on a decadeslong dilemma among local food companies -- whether or not the word "ramen" should be ditched from their marketing strategy. Ramen, rooted in Japanese culinary tradition, has become a house...
Citibank Korea and its sister firm Citigroup Global Markets Korea won six awards in the Korean market from a leading financial magazine in recognition of their endeavor in sustainable finance, the Korean unit of US banking giant Citigroup said Thursday. At the Asset magazine’s 2024 Triple A Award...
As the legal charges have been cleared for Samsung Electronics Chairman Lee Jae-yong in a recent ruling, anticipation is growing that the tech giant will now go in search for mega mergers and acquisitions to secure future growth engines at full throttle. The Seoul Central District Court this week ...
Skepticism has grown over the platform act, as the nation’s antitrust watchdog hints at a thorough review of the most contentious aspect of the bill: the preliminary designation of “monopolistic” online platform operators. The Fair Trade Commission on Wednesday announced its decision to review ...
Samsung chip business back on track, logs W1.9tr operating profit in Q1
Marking 10 years, KB accelerator nurtures 255 startups
Financial groups maintain capital adequacy despite ELS risk
Naver, Intel, KAIST join forces to set up AI lab in Korea
Ministry launches special team to end dog meat consumption by 2027
Hyundai Motor launches internship program for foreign students