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Seoul City to build Ferris wheel, green spaces to attract more tourists
S. Korea seeks enhanced ties with African nations on key minerals
S. Korea sends team to aid rescue efforts in Turkey after earthquake
Kakao becomes SM's 2nd largest stakeholder
Ahn Cheol-soo to stay in ruling party leadership race
N. Korea unveils ‘Missile General Bureau’
[Today’s K-pop] Seventeen unit sets sales record with 1st single
Subway murderer gets 40-year prison term for revenge killing
Foreign pansori singers share their sounds, stories on stage
Depression risk befalls most young Korean moms: study
Pulmuone pushes for ready-meal vending machines in Korea
Korean diaspora literature revisited
Seoul shares rebound on blue-chip tech gains
Doosan Enerbility partners with Siemens Gamesa on wind power projects
Foreign shoppers flock back as pandemic nears its end
[From the Scene] Samsung store offers new shopping experience to Galaxy aficionados in LA
‘Physical: 100’ creator Jang Ho-gi looks to find top ‘global’ physique
Korea to keep remaining COVID-19 rules until WHO lifts alert
Korea to open up FX market to offshore firms
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Industry
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Retail
Oriental Brewery outpaces rivals in beer sales
Industry
Jan 29, 2023
South Korea’s largest beer maker Oriental Brewery led last year’s domestic beer market, as the spirits market began to see signs of recovery after years of pandemic disruptions. During the January to November period last year, OB topped beer sales here with a whopping 53.7 percent market share, the firm said in a Jan. 19 press release. During the summer season, when competition in the market is...
[KH Explains] In land of Hyundai-Kia, smaller carmakers struggle for survival
Transport
Jan 29, 2023
SsangYong, Renault, GM fight to defend 10% market share; South Korea still remains as ‘test bed’ for global carmakers, experts say
Samsung hires ex-Ericsson execs to boost network business
Industry
Jan 29, 2023
South Korean tech giant Samsung Electronics has hired two experts from Swedish telco Ericsson to reinforce its network business. According to industry sources on Sunday, Samsung recently established a task force under its network business division to oversee a new business strategy. For the task force chief, the company hired Henrik Jansson, formerly the strategic sourcing manager for Ericsson. ...
S. Korea's imports of wine up 3.8 % in 2022
Industry
Jan 29, 2023
South Korea's imports of wine rose 3.8 percent in 2022 from a year earlier, data showed Sunday, as more people enjoyed consuming alcoholic beverages at home amid the COVID-19 pandemic. The total value of wine imported by South Korea last year came to $581.2 million, according to the data compiled by the Korea Customs Service, after hovering above the $500 million level for the first time in 2021...
Samsung Biologics 2022 earnings hit all-time high with W3tr sales
Technology
Jan 27, 2023
Korean contract manufacturer Samsung Biologics' earnings in 2022 hit all-time high, mainly because its biopharmaceutical unit was included in the consolidated financial result after a full acquisition early in the year. Its sales almost doubled to 3 trillion won ($2.4 billion) from 1.56 trillion won in 2021, according to its regulatory filing on Friday. It logged 983.6 billion won in operating p...
Kia records highest yearly figures on sales growth
Transport
Jan 27, 2023
S. Korean automaker sets target to sell 3.2m units worldwide in 2023
LG Electronics Q4 operating profit tumbles 91%
Technology
Jan 27, 2023
LG Electronics said Friday its operating earnings for the fourth quarter dipped more than 90 percent from a year earlier on slumping demand for home appliances coupled with global economic difficulties. The consumer electronics giant reported an operating profit of 69.3 billion won ($56.1 million) for the October-December period, down 90.7 percent from the same period a year prior, the regulator...
KT&G refuses ginseng unit spin-off, aims to double sales by 2027
Industry
Jan 27, 2023
KT&G, South Korea's dominant tobacco and ginseng company, rolled out an aggressive mid-term business plan Friday to bolster its investment and sales in an apparent move to fend off a campaign launched by a Singapore-based activist fund. Under the plan, the company will invest a total of 3.9 trillion won ($3.1 billion) until 2027 with it businesses focused three areas -- next generation tobacco a...
LG Energy Solution logs record earnings on increased shipments
Industry
Jan 27, 2023
Battery maker on track to qualify for US Inflation Reduction Act’s EV incentives
Samyang Foods opens premium ramen popup in Seoul
Industry
Jan 27, 2023
Samyang Foods on Thursday opened a popup store to promote its new premium dried noodle brand in Seoul. The noodle boutique, called Salon de Cootique, is set up at the space LES601 Seongsu in Seongsu-dong, and runs until Feb. 5, it said in a statement. In December last year, the firm launched a new premium dried noodle brand, Cootique -- a portmanteau of “cook” and “boutique.” The brand is dedic...
Hyundai Motor posts best-ever earnings on improved profitability
Transport
Jan 26, 2023
Carmaker turns to EV lease market in US to cope with subsidy cuts
[Newsmaker] [KH Explains] Are ex-bureaucrat execs a boon or bane for banks?
Industry
Jan 26, 2023
Concerns over government involvement in financial industry persist
Posco sets up task force to ride through uncertainties
Industry
Jan 26, 2023
South Korean steel giant Posco has set up a task force to overcome economic difficulties. Vice Chairman Kim Hak-dong will spearhead the task force, according to industry sources, Thursday. The task force is expected to focus on reducing costs spent on procuring raw materials, increasing profitability and maximizing business liquidity on the backdrop of difficulties in the global economy. In an ...
Hanwha, Microsoft partner on solar energy
Industry
Jan 26, 2023
Agreement marks 1st collaboration between solar giant, ICT behemoth for clean energy
Samsung SDS posts record revenue on upbeat cloud sales
Industry
Jan 26, 2023
South Korean IT solutions provider Samsung SDS logged a record sales of 17.2 trillion won ($14 billion) in 2022 that was driven by an expansion in its cloud business, the firm said Thursday. In a regulatory filing, the company said its annual sales in 2022 saw a growth of 26 percent when compared to the previous year. It also posted an operating profit of 916.1 billion won. In the fourth quarte...
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How old is a ‘senior’ for elderly Seoulites?
[From the Scene] 'Room cafes' let S. Korean teens indulge in forbidden desires
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Disgraced ex-minister's daughter says she feels proud, qualified as a doctor
[Herald Interview] Raising retirement age is key solution for pension reform: French economist
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[Hello Hangeul] What not to do to keep Korean culture, language attractive
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[My Hangeul Story] Meet Billy, YouTube’s self-starter Korean tutor
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No win, but multiple nods still make BTS shine at Grammys
[Newsmaker] Powerful quake topples homes in Turkey and Syria; toll rises
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