Most Popular
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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First-ever meeting of president, opposition chief set to finally happen
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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Experts raise concerns about Japan putting pressure on Naver over Line
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South Korea to launch space security center under spy agency
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More med professors to take day off each week while govt. urges them to stay
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Hybe refutes Ador CEO Min's denial of breach of trust
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S. Korea, Japan could consider simplified entry agreement: Seoul official
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[Weekender] How DDP emerged as an icon of Seoul
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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Posco aims to expedite carbon-neutral transition
South Korean steel giant Posco has recently reaffirmed its commitment to achieving carbon neutrality by 2050 by adopting its own hydrogen reduction ironmaking technology, called HyREX. This strategic shift to low-carbon production is a testament to the company's ambitious pursuit of solidifying its leadership in the realm of sustainable steel manufacturing. To spearhead this transformation, the company set up a new team solely dedicated to carbon neutrality under the oversight of its CEO in
Feb. 23, 2024
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Tech rivals eye big VR bets despite mixed reviews of Apple’s Vision Pro
Less than a month has passed since the high-profile debut of Apple Vision Pro, the most advanced augmented reality headset in the market. Despite mixed reviews, Apple's rivals seem keen to make a similar entry into the brand-new segment. Dazzling demonstrations of the Apple Vision Pro made it look like a game changer, allowing the user to pop up their computer screens in the air, and control it with their fingertips and by moving their eyes around. But some users have been seen returning th
Feb. 23, 2024
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Seoul shares end higher for 2nd day on Nvidia earnings
South Korean stocks finished slightly higher Friday as foreign investors bet on local tech shares following AI chip giant Nvidia's strong earnings results. The Korean won lost against the US dollar. The benchmark Korea Composite Stock Price Index gained 3.43 points, or 0.13 percent, to close at 2,667.7, extending its winning streak to two straight sessions. Trade volume was moderate at 409.4 million shares worth 10.1 trillion won ($7.59 billion), with decliners beating gainers 514 to 341. F
Feb. 23, 2024
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Lotte unveils health care media platform in Japan
Lotte Holdings has launched a health care media platform in Japan in line with its strategic initiative to strengthen its foothold in the health care sector. Initially introduced as part of Lotte Group’s digital marketing efforts in 2020, Lotte transformed the platform into an independent media corporation on Feb. 1, now officially known as Lotte Medi Palette Co., Ltd. The health care platform is fully funded by Lotte Holdings with 100 million Japanese yen ($664,000) and is represented by
Feb. 23, 2024
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Hyundai Motor pledges $1.1b investment in Brazil through 2032
Hyundai Motor Group has vowed to invest $1.1 billion in Brazil as Chung Euisun, the head of the South Korean auto conglomerate, and Brazilian President Luiz Inacio Lula da Silva met at the latter’s presidential office in the capital city of Brasilia on Thursday, officials announced Friday. Chung said Hyundai Motor Company’s Brazilian office and its local partners will plow the investment into future technology as well as eco-friendly sectors such as hydrogen. “Hyundai Motor Gro
Feb. 23, 2024
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Sprinkles Cupcakes coming to Seoul
Sprinkles Cupcakes, the famed cupcake specialist from California, is poised for a debut in the Korean market this year – its first venture beyond US borders, according to the company on Friday. Sprinkles said it will introduce its trendy cupcakes, cookies and chocolate treats globally this year, with imminent expansions planned for Singapore and Malaysia as well. For the upcoming Seoul store, the firm is expected to team up with Korean bakery giant SPC Samlip. For other international openi
Feb. 23, 2024
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KT&G names company veteran as new CEO
KT&G Senior Executive Vice President Bang Kyung-man has been selected as the candidate for CEO of Korea's largest cigarette manufacturer, the company said Thursday. Bang's official appointment is scheduled to be made at the end of March during the regular shareholders' meeting. If Bang is appointed, it will mark the first change in KT&G's presidency in nine years. Earlier on Feb. 16, the company's CEO Recommendation Committee unveiled the shortlist of four candid
Feb. 23, 2024
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Seoul shares start higher on Wall Street rally
South Korean stocks got off to a strong start Friday following an overnight rally on Wall Street. The benchmark Korea Composite Stock Price Index gained 20.45 points, or 0.77 percent, to 2,684.72 in the first 15 minutes of trading. In the United States, Nvidia's surprising earnings result pushed up the indexes to new highs, as the S&P 500 jumped 2.11 percent and the Dow Jones Industrial Average rose 1.18 percent. The tech-heavy Nasdaq Composite also vaulted 2.96 percent. In Seoul, semic
Feb. 23, 2024
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[Graphic News] Soju exports surpass $100m for 1st time in 10 years
Exports of soju, distilled Korean liquor, topped $100 million for the first time in 10 years in 2023, data showed. According to the Korea Customs Service, outbound shipments of soju reached $101.4 million in 2023, an increase of 8.7 percent from 2022. The last time soju exports surpassed $100 million was in 2013. Soju is a distilled liquor made of ethyl alcohol and water, with the addition of sweeteners. An industry source said soju sold overseas had been mostly consumed by South Korean resident
Feb. 23, 2024
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Regulators warn of possible risks from foreign real estate investment
South Korean regulators warned Thursday of increasing risks in the domestic financial sector due to overseas real estate investments, with around 2.46 trillion won ($1.85 billion) exposed to potential risk, while also aiming to reassure the public that the impact on the overall industry will be limited. The Financial Supervisory Service issued the statement following its assessment of local financial institutions' investments in real estate overseas, amid some concerns about the cooling of
Feb. 22, 2024
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Kolmar Korea finds anti-aging microorganism
Kolmar Korea, a cosmetics original design manufacturer, said Thursday it has found a microbiome that can slow down skin aging induced by sun exposure for the first time, which could be a breakthrough innovation in the anti-aging skincare industry. Photoaging refers to the characteristic changes to the skin caused by cumulative sun damage over a lifetime of exposure. Recent research has found that the skin microbiome could serve as a potential tool to prevent and treat skin photoaging. Kolmar Kor
Feb. 22, 2024
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Lee Si-woo becomes sole CEO at Posco
Lee Si-woo, formerly co-CEO of Posco alongside Kim Hak-dong, who served as CEO of Posco and vice chairman of Posco Holdings, will now lead the steelmaker on his own. Posco Holdings’ reshuffle released on Wednesday indicates that Kim will step down from his position and moves to the group’s executive adviser. Lee is expected to play a crucial role in guiding Posco through its transition toward carbon neutrality, while enhancing profitability and reinforcing the company's presence
Feb. 22, 2024
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Seoul shares end higher on strong chip stocks
South Korean stocks snapped a two-day losing streak Thursday on strong performance by chip heavyweights after Nvidia's better-than-expected fourth-quarter earnings. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index gained 10.96 points, or 0.41 percent, to close at 2,664.27. Trade volume was moderate at 445.3 million shares worth 10.1 trillion won ($7.6 billion), with decliners beating gainers 509 to 348. Foreigners and institutions scooped up loc
Feb. 22, 2024
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Samsung, LG maintain TV leadership amid Chinese rush
Korean TV makers Samsung Electronics and LG Electronics cemented their leadership in the global premium TV market in 2023, but they have been warned to gear up for Chinese rivals flooding the market with cheaper products. In the premium sector for TVs priced at higher than $2,500, Korean manufacturers saw notable growth, together taking 79.6 percent of the market share by revenue, according to market tracker Omdia on Thursday. Holding an edge in manufacturing technology for the higher-end TVs, t
Feb. 22, 2024
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Posco Future M breaks ground on cathode plant in Gwangyang
GWANGYANG, South Jeolla Province -- Posco Future M on Thursday held a groundbreaking ceremony for a new high-nickel cathode plant in Gwangyang, South Jeolla Province, maintaining the company’s continued investment in battery materials for electric vehicles despite the slowdown in the global EV transformation. The new high-nickel cathode plant, which expects to have an annual production capacity of 52,500 tons, is slated to complete its construction in the first half of 2025. According to P
Feb. 22, 2024
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Eximbank to bolster ties with German counterpart
The Export-Import Bank of Korea, or Eximbank, said Thursday it signed a memorandum of understanding with its German counterpart, KfW IPEX-Bank, pledging to cooperate in financing projects related to strategic technologies and supply chain networks. KfW IPEX-Bank is a specialist bank for export and project financing owned by Germany's main development bank Kreditanstalt fur Wiederaufbau, which translates as Credit Institute for Reconstruction. Eximbank Chairman Yoon Hee-sung met with Velibor
Feb. 22, 2024
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[KH Explains] Will LG Energy Solution be Tesla's 4680 battery crisis savior?
Four years after Tesla revealed the hyped Cybertruck, its production still lags with 1.9 million orders pending. The bottleneck stems from challenges in mass-producing what are known as 4680 battery cells, which are key to the Cybertruck’s success due to their superior energy density and cost efficiency. Currently, Tesla can only produce a fraction -- only a tenth -- of the required output, pushing it to lean on global battery manufacturers. LG Energy Solution, a leading South Korean batte
Feb. 22, 2024
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Posco’s new leadership taking shape
As former Posco President Chang In-hwa is poised to take on the Korean steel giant's chairmanship, how his leadership might impact on the group's innovation drive for eco-friendly, future material business remains in question. Posco Holdings convened its regular board meeting on Wednesday to announce the executives of major affiliates and to resolve the nomination of Posco Group's chair candidate. Chang will officially assume the chair position of the nation's fifth-largest b
Feb. 22, 2024
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Samsung Galaxy smart band Fit3 to hit shelves
Samsung Electronics said Thursday that it would launch a new fitness band globally, more than three years after unveiling its predecessor in October 2020. The Galaxy Fit3 is designed with an aluminum body and a 1.6-inch display, which is 45 percent wider than the previous model, the Galaxy Fit2, making it easier for users to check detailed health insights on the wearable device. The device provides health monitoring features for over 100 types of exercises, sleep and stress levels. The most nota
Feb. 22, 2024
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Korean 'crypto king' likely to be extradited to US
A court in Montenegro has ruled for the extradition of cryptocurrency entrepreneur Kwon Do-hyung, widely known as "crypto king" Do Kwon, to the United States, according to The Wall Street Journal. Despite Kwon's defense advocating for transfer to his home country of South Korea, the Montenegro court has rejected the plea. Both the US and South Korea have sought his extradition. Kwon's legal team now has a three-day window to challenge the decision, according to the court on Wednesday.
Feb. 22, 2024