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California-based coffee chain Blue Bottle Coffee will open its fifth store in South Korea near Gwanghwamun Square in central Seoul, according to industry sources on Jan. 22. After making a hit in o...
US-based chemical firm Dupont on Jan. 9 announced its plan to invest $28 million in South Korea to build a production line for photoresist, which can potentially help Asia’s No. 4 economy reduce its ...
Prosecutors on Jan. 6 raided the headquarters of Kolon Group, as part of their investigations into alleged fraud in the listing of an affiliate involved in the development of the group‘s controversia...
Hyundai Motor Group said Jan. 2 it will invest more than 100 trillion won ($86.6 billion) in the next five years to increase its presence in the future mobility markets. “We are planning to launc...
Sales at South Korean duty-free stores hit a new monthly high in November, industry data showed Dec. 30. The combined sales of local duty-free shops reached 2.29 trillion won ($1.98 billion) last...
Hyundai Motor and Kia Motors have begun to voluntarily recall more than 640,000 vehicles to fix faulty components, South Korea’s Transport Ministry said Dec. 30. This is the latest in a series of...
Hyundai Motor said Dec. 23 its face-lifted Grandeur sedan has received more than 50,000 preorders in just over a month since the vehicle’s launch at home. The carmaker said it received orders for...
Workers at SsangYong Motor on Dec. 19 accepted a cut in bonuses and other cost-saving measures proposed by the company amid declining sales. They have agreed to the company’s proposals that requi...
South Korean drugmaker Daewoong Pharmaceutical said Dec. 19 it has won approval from authorities in the United Arab Emirates and Indonesia for the sale of its botulinum toxin product. The Ministr...
Jeju Air, South Korea’s biggest low-cost carrier, said Dec. 18 it has signed a deal to acquire Eastar Jet to cement its leading status in the budget carrier market. The LCC will acquire a 51.17 p...
Korean beauty giant Amorepacific announced on Dec. 17 that it has signed a strategic partnership deal with US-based cosmetics company Milk Makeup. Established in 2015, Milk Makeup is known for its “...
LG Uplus Corp., South Korea‘s No. 3 mobile carrier, on Dec. 15 said that it plans to invest 2.6 trillion won (US$2.2 billion) over the next five years to offer upgraded services after the country’s ...
Kia Motors said Dec. 12 it is targeting to sell 70,000 units of the all-new K5 in the domestic market next year. Its midsize sedan has gone on sale after receiving preorders of 16,000 units in the p...
Japan is threatening to overtake South Korea’s No. 1 status in China’s imported cosmetics market this year, industry data showed Dec. 12, mainly on the back of the growing popularity of low- to mi...
Hyundai Motor said Dec. 11 it will supply more than 1,200 Sonata gasoline hybrid sedans as taxis to Dubai next year. The company has signed deals with the Dubai Taxi Corp. and Cars Taxi to delive...
Cyberattacks in Korea spike on virus crisis
Grocery platform Kurly sees surge in revenue, operating loss
Nexon wants employees to come back to office
Hana Bank, Woowa Brothers to create rating model based on online food orders
LIG Nex1 invests in Korean drone sensor company
SendBird acquires video conferencing platform Roundee.io
Korea's proposed M&As shrink to half in Q1
BlackRock offloads W130b stake in NCSoft
April 06, 2020
