Most Popular
-
1
Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
-
2
Medical reform committee kicks off despite boycott from doctors
-
3
10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
-
4
Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
-
5
DP leader says he will meet Yoon without conditions
-
6
Over 9,000 hotline calls made by stalking victims in 2023
-
7
[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
-
8
Second Gimpo civil servant found dead, after apologizing for not finishing work
-
9
Monthly users on local streaming platforms outpace Netflix, Disney+
-
10
US will take steps for three-way engagement on nuclear deterrence with S. Korea, Japan: Campbell
-
Korea’s CMO ramp-up lures biotech investors
South Korea’s growing biopharmaceutical production capacity is increasingly making the country an attractive investment destination for global life science companies, industry sources said Thursday. Since 2016, global pharmaceutical and biotech firms started building their research and development centers and production facilities in Korea, especially within the Songdo Bio Cluster in Incheon, where the biopharmaceutical production capacity has reached 1.2 million liters, the world’s
IndustryMarch 28, 2024
-
Bang Kyung-man named as KT&G's new CEO
KT&G's Senior Executive Vice President Bang Kyung-man has cleared the final hurdle to become the company's CEO by winning shareholders approval Thursday, marking the cigarette maker's first leadership change in nine years. The decision was made at the company’s 37th annual general meeting of shareholders, held at KT&G Human Resources Development Center in Daejeon. “I am deeply grateful to the shareholders for entrusting me with the honorable opportunity to serv
IndustryMarch 28, 2024
-
First female CEO takes helm at Kakao
Korean IT giant Kakao on Thursday appointed Chung Shin-a as its first female, chief while it is facing urgent challenges in revamping its corporate culture and management. The announcement was made as she gained a nod from shareholders during the annual meeting and a separate approval from the board of directors earlier in the day at the company’s headquarters in Jeju Island. After being named as the CEO nominee in December, Chung has served as the head of the company’s innovation ta
TechnologyMarch 28, 2024
-
Audi Korea names new head, seeks business turnaround
Volkswagen Group Korea on Thursday appointed Steve Cloete to become the next head of Audi Korea as the German automaker looks for a breakthrough to turn around ailing sales in the local market. According to the announcement, Cloete will begin this new post at Audi Korea starting May 1. The new chief has over 27 years of experience in the automotive industry having worked at Hyundai Motor Group in South Africa and BMW Group in Bahrain. After joining Audi in 2014, Cloete worked in after-sales and
MobilityMarch 28, 2024
-
Kia EV9 wins world car of year
The Kia EV9, an all-electric large sports utility vehicle, won the World Car of the Year on Wednesday at the New York International Auto Show, marking the third year in a row for South Korean auto giant Hyundai Motor Group to take the prestigious award. The EV9 beat out the EX30, Volvo’s electric subcompact crossover SUV, and the BYD Seal, a midsize sedan of the Chinese EV behemoth, to claim the highest honor. Kia’s electric SUV came out on top of the competition between 38 vehicles
MobilityMarch 28, 2024
-
FSS chief vows to boost Korea's attractiveness to investors
Lee Bok-hyun, head of South Korea's Financial Supervisory Service, pledged Thursday to promote "sound and fair finance," aiming to enhance the country's allure as an investment destination for foreign investors. Lee addressed officials from global financial firms and foreign diplomats during the annual "FSS Speaks" forum held in Seoul under the theme "toward sound and fair finance." "In striving for this objective, we aim to cultivate market practices
EconomyMarch 28, 2024
-
SKT marks 40th anniversary with new emblem
Marking the 40th anniversary of its founding, SK Telecom, South Korea's largest wireless carrier by the number of accounts, promised to transform into a global artificial intelligence company, Thursday. The mobile carrier, first established in March 1984 under the name, Korea Mobile Telecommunication Services Corp., celebrates its 40th anniversary on Friday. "SKT's 40 years of achievements were made possible by its unique DNA of overcoming challenging situations and creating a his
IndustryMarch 28, 2024
-
Korea misses out on global bond index boost
Korea failed to join the World Government Bond Index, a global benchmark that measures the performance of sovereign bonds, but it remains hopeful as the index provider gave a positive evaluation of its latest efforts to improve market accessibility. The WGBI, managed by Financial Times Stock Exchange Russell, is one of the three major government bond indices along with the Bloomberg-Barclays Global Aggregate Index and JP Morgan Government Bond Index-Emerging Markets. It is tracked by global fund
EconomyMarch 28, 2024
-
LG CNS, Indonesia’s Sinar Mas to form joint venture for DX push
South Korean IT solutions provider LG CNS said Thursday it has agreed to establish a joint venture with one of the largest conglomerates in Indonesia to strengthen digital transformation innovation in the 16th largest economy in the world. Under the agreement, LG CNS and Sinar Mas Group will set up a 50-50 joint venture in the latter half of this year to promote consulting, construction and operation for data center services and cloud conversion services, targeting Indonesian companies and publi
TechnologyMarch 28, 2024
-
Posco Future M named in Fortune's top 30 Asian innovators
Korean battery material and chemical company Posco Future M has been recognized by Fortune Asia as one of the top 30 most innovative companies in Asia, set to drive future growth, the company said on Thursday. The 2024 Fortune Asia Future 30 award was presented at the Fortune Innovation Forum in Hong Kong on Wednesday. Posco Future M's progress from traditional industrial materials to leading-edge sectors like cathode material production has been marked by significant achievements, includin
IndustryMarch 28, 2024
-
[KH Explains] How CJ Olive Young became rare success story in beauty retail
CJ Group's health and beauty drugstore CJ Olive Young is making significant strides in leading the cosmetics market both domestically and internationally. Just last week, during MLB's World Tour: Seoul series, a photo capturing MLB players' families posing in front of an Olive Young store surfaced online, generating a social media buzz. The image once again showed Olive Young's position as a go-to destination for purchasing Korean beauty products while visiting Korea, cementi
IndustryMarch 28, 2024
-
[Photo News] LG Twin Towers refurbished
LG Group said Thursday it has completed the renovation of its Twin Towers headquarters in Yeouido, western Seoul -- the first refurbishment since the building was completed in 1987. The lobby, arcade and floor space of the lower part of the buildings have been revamped to reflect employee opinions under the theme of “Connection.” LG said the most popular new feature is the upgraded fitness center. (LG Group)
IndustryMarch 28, 2024
-
[Photo News] Kia K4 unveiled
The Kia K4 -- the South Korean carmaker's latest midsized sedan -- was unveiled for the first time anywhere at the New York International Auto Show on Wednesday. Kia said the new vehicle has been equipped with artificial intelligence assistance based on generative AI technologies that allows the car to communicate smoothly with the driver. According to the automaker, the Kia K4 will launch in the North American market in the second half of this year. (Hyundai Motor Group)
MobilityMarch 28, 2024
-
Hyundai Hillstate Unjeong starts sales for apartment units
Hyundai Engineering & Construction said Thursday that it has started pre-sales of the remaining properties of Hillstate the Unjeong, a mixed residential and commercial apartment complex located in Paju, Gyeonggi Province. The complex comprises a total of 13 49-story buildings, offering a total of 3,413 units, including 744 apartments and 2,669 residential offices. The apartment units are available in two sizes -- 84 square meters and 164 square meters. While the residential offices are fully
IndustryMarch 28, 2024
-
Seoul shares start lower despite US gains
South Korean stocks opened a tad lower Thursday despite gains on Wall Street. The benchmark Korea Composite Stock Price Index lost 1.98 points, or 0.07 percent, to 2,753.13 in the first 15 minutes of trading. US stocks finished higher to end their three-day losing streak on Wednesday. The Dow Jones Industrial Average jumped 1.2 percent, and the Nasdaq composite gained 0.5 percent. In Seoul, large-cap shares led the bearish start. Leading battery maker LG Energy Solution dropped 1.1 percent, and
MarketMarch 28, 2024
-
Banks offer W600b to share profits
Korean banks have rolled out a financial package worth around 600 billion won ($444 million) to support small business owners and young people, with an aim to share their profits, according to the Korea Federation of Banks, an organization representing the lenders, Wednesday. The funding is a follow-up to a financing plan worth 2.1 trillion won issued in December amid regulatory pressure to share the profits. While 1.5 trillion won was allocated for cash refunds for borrowers' interest paym
IndustryMarch 27, 2024
-
[Hello India] Korean institutional investors up appetite for Indian market
Korean institutional investors are pumping money into the Indian market to avail opportunities from the fastest-growing major economy’s robust domestic demand and infrastructure projects. With estimates suggesting the economy could expand by 7 to 8 percent this year and the Indian government's policies designed to revive the manufacturing industry, including the "Make In India" program, the country has emerged as an investment destination for foreign investors. As large inve
MarketMarch 27, 2024
-
Seoul shares end nearly flat; won dips to nearly 4-month low
South Korean stocks finished nearly flat Wednesday ahead of the releases of key US inflation data as investors cashed in recent gains. The local currency fell sharply against the US dollar. The benchmark Korea Composite Stock Price Index dropped 1.98 points, or 0.07 percent, to close at 2,755.11. Trade volume was moderate at 482.5 million shares worth 11.3 trillion won ($8.38 billion), with losers outnumbering winners 499 to 367. Individuals and institutions led the slight decline, dumping a net
MarketMarch 27, 2024
-
LG vows W100tr investment in Korea with R&D focus
LG Group unveiled a plan Wednesday to invest 100 trillion won ($74.3 billion) in South Korea by 2028 as it seeks to secure technological competitiveness and expand new growth engines. The announcement was made during the regular shareholders meeting of its holding company LG Corp., held at the Seoul headquarters earlier in the day. The company said the planned investment accounts for 65 percent of LG’s overall global investment by 2028, which reflects its commitment to driving innovation a
TechnologyMarch 27, 2024
-
Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
Hyundai Motor Group announced Wednesday a grand plan to invest 68 trillion won ($50.7 billion) in Korea and create 80,000 jobs by the end of 2026 to secure future growth engines as a global first mover in the mobility sector. According to the auto conglomerate, 31.1 trillion won, about 46 percent of the investment, will be assigned to research and development to secure core technologies in improving product competitiveness, electric vehicle transition, advancing software-defined vehicles and int
MobilityMarch 27, 2024