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Hyundai Mobis secured a record high of global orders totaling $9.2 billion last year on the back of the worldwide automation trend in the car sector, the South Korean auto parts manufacturer under Hyundai Motor Group said Monday. Noting that the overseas orders significantly exceeded the originall...
Kim Jun-hyung, CEO of Korean battery materials manufacturer Posco Future M, urged the Ministry of Environment to reinforce measures to boost the rechargeable battery industry, according to the company on Monday. Kim met with Lim Sang-jun, deputy minister at the Environment Ministry, who visited th...
Korea Ginseng Corp., the nation’s leading ginseng manufacturer which has represented the Korean red ginseng industry for the past 125 years, is now taking a new leap forward for the health of people around the world. As an unrivaled market leader making up some 70 percent of the nation’s red gin...
UK luxury car manufacturer Bentley Motors said Monday it achieved an all-time high sales record in the South Korean market last year, making it the leading market in the Asia-Pacific region and the fifth largest globally for the second year running. Bentley Motors Korea accelerated its sales traje...
LG Group said Monday it supported an art program showcasing three artificial intelligence-integrated artworks of Brooklyn-based artist Stephanie Dinkins at the Solomon R. Guggenheim Museum in New York on Thursday. “Late Shift x Stephanie Dinkins” shed light on how AI tends to have the mindset of...
US tech giant Dell Technologies has jumped on the generative artificial intelligence bandwagon with a range of new AI offerings combining its hardware and software prowess. The firm is also setting its sights on Korea, a tech powerhouse aspiring to become a potent player in the burgeoning AI era. ...
SK hynix, the chipmaking affiliate of SK Group, the country's second-largest conglomerate, decided to give incentives of 2 million won and 15 company stocks to its employees to boost morale despite sluggish sales last year. In the wake of a severe downturn in the chip industry, the world's second-...
Celltrion has completed its submission of a biologics license application (BLA) to the US Food and Drug Administration for CT-P47, a biosimilar candidate mimicking Roche’s rheumatoid arthritis treatment Actemra (tocilizumab), the company said Monday. The BLA submission was based on results from t...
The South Korean central bank on Thursday said it will start to buy or sell securities with non-banking finance institutions in open markets, expanding the scope of entities subject to its key monetary policy instrument to control the money supply in the economy. With the latest change in the Bank...
China’s imports of Korean goods plunged to the lowest level in three decades last year, amid the escalating Washington-Beijing rivalry and Seoul’s strategic pivot. According to data from the Korea International Trade Association on Sunday, South Korea accounted for 6.3 percent of China’s import...
Samsung Electronics’ latest Galaxy S24 series, touted as its first artificial intelligence smartphone, broke the company’s presales record in Korea, selling 1.21 million units in just a week. After the global Unpacked event in San Jose, California on Jan. 17, Samsung carried out a presales event...
South Korean oil refiner S-Oil on Friday held an annual New Year’s trekking event with some 120 company staff in Gyeonggi Province and fundraised 30 million won ($22,488) for a social welfare group. S-Oil President and Head of Operations Park Bong-soo, President and Head of Corporate Strategy & S...
The Cha Vaccine Institute, a vaccine development arm of Cha Medical and Bio Group, has developed its own messenger RNA delivery system which does not require frozen storage, the company said Friday. The firm expects that Lipoplex would be a more efficient and stable option than lipid nanoparticles...
Despite the slowdown of electric vehicle sales, LG Energy Solution broke the record in earnings last year, largely driven by a boost in sales in the all-important US market. In its earnings report released Friday, the battery maker said its annual revenue surged by 31.8 percent to 33.7 trillion wo...
Orion, a South Korean confectionery manufacturer, said Friday that it has teamed up with Vietnam National University of Agriculture in a bid to secure quality raw materials for its snack production in Vietnam. Orion Food Vina, the confectioner’s Vietnamese unit, and the Institute of Argo-Biology ...
Samsung chief returns from Europe after meeting with Pope, business leaders
Hugel to develop next-generation botulinum toxin product
B-Robotics teams up with Hanwha Robotics for restaurant automation
Samsung Life Science Fund invests in US gene therapy firm
Hyundai Motor aims to lead hydrogen truck business in US
KASA chief vows full support for private-led space missions