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Hyundai Motor Group pulled in an all-time high annual operating profit of 26.7 trillion won ($20 billion) last year, outpacing Samsung Electronics, which held the No. 1 position among the listed companies in Korea for 14 consecutive years, for the first time. Hyundai Motor Company saw a 15.1 trill...
SK hynix said that sales of its main products, DDR5 and HBM3, increased by more than four and five times, respectively, compared with a year earlier. In the NAND space, where recovery is relatively slow, the company prioritized streamlining investments and costs. The chipmaker forecast the demand ...
South Korean health and beauty retailer CJ Olive Young’s derma skin care brand Bioheal Boh and cosmetics and health care goods manufacturer Kolmar Korea have signed a business agreement to collaborate on microbiome skin care products. Under the recent agreement, the two companies will establish a...
LG Electronics reported another year of record sales in 2023, driven by upbeat sales of home appliances and automotive parts and solutions, the Korean tech giant said in its earnings conference Thursday. The company posted all-time high annual sales of 84.2 trillion won ($62.9 billion) last year, ...
Hyundai Motor Group has retained its position as the world's third-largest automaker for a second year, trailing only Toyota Motor and Volkswagen Group, based on its 2023 fourth-quarter and yearly financial results disclosed Thursday. The Korean automotive giant, comprising the Hyundai, Kia and Ge...
Porsche also pointed to its technology of active and passive aerodynamics optimized for driving range, resulting in a drag coefficient of 0.25, making it one of the most streamlined SUVs in the market. According to Robert Meier, director of Macan’s complete vehicle product line, the new electric ...
The total face value of damaged bills and coins discarded by the Bank of Korea reached nearly 4 trillion won ($2.98 billion) last year, marking a sharp rise from previous years as more in-person business transactions occurred with the end of the pandemic, the central bank said Wednesday. A total o...
After finishing the immersive experience, visitors can take pictures at the FlexCam Selfie Kiosk, where the Galaxy Z Flip5 is set up. Visitors can also try out various Korean foods and drinks in the marketplace, all curated by Yangban chef Katianna Hong. As a partnering supporter of the immersive...
The nation’s No. 1 ramyeon seller, Nongshim, said Wednesday that its flagship Shin Ramyun product posted record sales of 1.21 trillion won ($903 million) in 2023, a 14 percent jump from the previous year. The feat marks the second consecutive year that product sales surpassed 1 trillion won. Shi...
LG Display said Wednesday it would focus investment on OLED displays this year, seeking to continue growth momentum after it posted the first profit in seven quarters in the September-December period last year. “The panel demand, which has been volatile over the past three years due to COVID-19, ...
South Korean oil refinery and petrochemical firm HD Hyundai Oilbank said Wednesday it is making significant inroads into the North American lubricants market by supplying its XTeer products for HD Hyundai XiteSolution's industrial vehicles. The strategic push by the two subsidiaries of HD Hyundai ...
South Korean discount store chain Homeplus on Wednesday said it will start selling 2024 Lunar New Year gift sets from Saturday through Feb. 11, as the season of gift-giving is once again upon us. During this holiday season, Homeplus offers a curated selection of some 1,060 items at discounts of up...
Hyundai Motor Group might not receive full tax credits from the US for setting up an electric vehicle manufacturing plant in the state of Georgia, although it made hefty investments in the new production base, media reports said Wednesday. According to the Korea-based news outlet, Seoul Economic D...
Celltrion said Wednesday that the company has signed a business agreement with China’s WuXi XDC to accelerate its development of antibody-drug conjugates. WuXi XDC, a 60:40 joint venture between WuXi Biologics and WuXi STA, is a Chinese pharmaceutical company that provides contract research and d...
South Korea's ambitious multibillion-dollar arms export deals with Poland may be at risk, as the National Assembly continues to sit dormant on a bill that must be passed in order to for the deals to come through. Having signed an initial comprehensive arms export agreement worth 17 trillion won ($...
Seoul shares rattled by Israeli attack on Iran; Kospi dips to nearly 11-week low
S-Oil donates W560m to support firefighters
LG CNS teams up with Yonsei University to nurture AI specialists
Polestar 4 to make Korean debut in June
S. Korea pledges W23tr venture capital fund for green investment at G20 meeting
Sungsimdang outperforms bakery giants to log sales over W100b