Most Popular
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Samsung under pressure after Intel's foundry spin-off: analysts
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Yoon leaves for Prague to cement nuclear energy push
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Heavy rain to fall nationwide over weekend, but warmer fall expected
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Seoul chastises predatory pricing claims over Czech nuclear export deal
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YouTuber under fire for consoling former singer accused of bullying
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NK newspaper 'unusually' silent on new missile tests: Seoul
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Samsung CEO introduces ‘bold growth’ as new target
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Bank of Korea eyes rate cut after US Fed's historic pivot
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3 suspects apprehended for selling celebrity deepfake porn: police
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Hyundai Motor officially becomes KT’s largest shareholder
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SK Earthon secures right to explore CO2 off Australian coast
SK Earthon, an exploration unit under SK Innovation, announced on Thursday that it secured the right to explore carbon dioxide reservoirs off the northern coast of Australia, looking to bolster its resource development and carbon capture and storage, or CCS, businesses. According to SK Earthon, the Korean oil and gas exploration company and Australian CCS firms -- InCapture and CarbonCQ -- won the exploration rights for the mining sector named G-15-AP located in the Carnarvon Basin from the Aust
Aug. 8, 2024
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[Photo News] CEO delivers cool relief
Posco Future M CEO Yoo Byung-og (left) hands out refreshing drinks to employees Wednesday during his visit to the company's synthetic graphite anode material plant in Pohang, North Gyeonsang Province, where temperatures reached 33 degrees Celsius. He also joined fun activities like darts and a lucky draw, with winners taking home travel and ice cream vouchers. This initiative is part of a company-wide effort for management to visit sites in Gwangyang, Sejong, Seoul, and Gumi, continuing u
Aug. 7, 2024
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KGC taps into Japan's top retail giants
Korea Ginseng Corp., the leading manufacturer of ginseng products in the country, said Tuesday it has signed agreements with Japanese retail giants Welcia and Aeon Mall to introduce its red ginseng brand, JungKwanJang, in their stores. This initiative aims to enhance the presence of JungKwanJang in the Japanese market by entering the largest drugstore chain and the leading comprehensive shopping mall company, the firm said. Welcia is the largest drugstore chain in Japan, boasting over 2,000 offl
Aug. 6, 2024
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SK-II joins Coupang's Rocket Luxury one-day delivery service
South Korean e-commerce giant Coupang announced Tuesday that it has started offering products from the global premium skincare brand SK-II through Rocket Luxury, the company's one-day delivery service dedicated to premium beauty products. “We are excited to offer a greater variety of luxury skincare brands popular with customers through the inclusion of SK-II,” a Coupang official said. “We will continue to introduce global premium brands that meet the needs of our customer
Aug. 6, 2024
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Krafton hires ex-Riot exec as publishing chief
Krafton, the South Korean game developer behind PUBG: Battlegrounds, said Tuesday it had appointed Oh Jin-ho, a seasoned executive with experience at Riot Games and Blizzard Entertainment, as its new chief global publishing officer. Oh's extensive background includes major roles such as general manager of Riot Games and president of Blizzard Entertainment Korea and Southeast Asia, where he was instrumental in localizing and launching blockbuster games like World of Warcraft and StarCraft. O
Aug. 6, 2024
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[KH Explains] Shift Up shakes up Korean gaming industry with agility
Shift Up, the South Korean game developer behind blockbusters such as “Goddess of Victory: Nikke” and “Stellar Blade,” made an exhilarating debut on South Korea’s KOSPI market on July 11. The buzz within the Korean game industry revolved around whether Shift Up could challenge the market dominance of NCSoft, a veteran giant in the sector. On its debut, Shift Up’s stock surged to 89,500 won, boosting its market capitalization to nearly 5.2 trillion won ($3.
Aug. 4, 2024
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Samsung SDI seeks top US talent
Samsung SDI has embarked on a global journey to find the most talented professionals to advance the Korean company’s level of technology and take the lead in the secondary battery industry. The battery maker held this year’s first career fair at the Hyatt Regency Cambridge Hotel in Cambridge, Massachusetts on Saturday, inviting some 90 people working at top universities and research institutes in North America. Boston is home to Samsung SDI’s first research and development cent
Aug. 4, 2024
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Samsung's union tells members to return to work as it eyes prolonging strike
Samsung Electronics Co.'s labor union instructed its striking members Thursday to return to work by early next week, but made it clear the strike will continue for the long haul. The National Samsung Electronics Union, the largest labor union of the South Korean tech giant, made the announcement on its YouTube channel, calling on its 31,000 members to go back to work, effective immediately, and by next Monday to shift the fight to "a long-term plan." "We need a transition o
Aug. 1, 2024
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[Photo News] LG Chem's wheelchair art
LG Chem, in partnership with the social enterprise Circle of Change Lab, has donated 100 custom-designed spoke guards made from recycled plastic to 10 children using wheelchairs. These guards, which protect fingers and clothing from getting caught on wheels, feature custom designs that allow kids to express their personalities with favorite characters, drawings and patterns. LG Chem provided the materials and covered processing costs, producing 100 LETZero guards for this project. One recipient
Aug. 1, 2024
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Hyundai Group chair named honorary province governor
Hyundai Group Chairperson Hyun Jeong-eun has been reappointed honorary governor of North Chungcheong Province, in recognition of her and Hyundai’s contributions to regional development, the group said Wednesday. The appointment ceremony was held Wednesday at Hyundai Group’s headquarters in central Seoul, attended by Kim Yong-hwan, governor of North Chungcheong Province, and Hyundai Group Chairperson Hyun Jeong-eun. "North Chungcheong Province, with its geographical advantage at
July 31, 2024
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KT&G, Philip Morris team up on US filings
South Korean tobacco maker KT&G said Wednesday it has signed a memorandum of understanding with Philip Morris International, the global leader in smoke-free cigarettes, to collaborate on regulatory submissions in the US prior to officially launching its products there. Focused on KT&G's heated tobacco products, this agreement demonstrates both companies’ commitment to collaborating on the premarket tobacco product application process with the US Food and Drug Administration, a
July 31, 2024
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Hanwha Aerospace logs record profit in Q2
Hanwha Aerospace posted record operating profit of 358.8 billion won ($260 million) in the second quarter thanks to arms exports to Poland, the Korean defense firm said Wednesday. According to the company, operating profit surged by 357 percent compared to the second quarter of last year. Hanwha Aerospace logged 2.79 trillion won in revenue, up 46 percent on year. The earnings exceeded market expectations. Hanwha explained that the delivery of six units of K9 self-propelled howitzers and 18 unit
July 31, 2024
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[Photo News] Hyundai Group chair named honorary governor
Hyundai Group Chairperson Hyun Jeong-eun (right) has been reappointed as honorary governor of North Chungcheong Province, recognizing her contributions to the region's development. This marks Hyun’s second term in the position, following her first in 2022. This recognition highlights Hyundai Group’s engagements in the region, including the relocation of Hyundai Elevator’s headquarters to the area and corporate social responsibility activities in collaboration with the loca
July 31, 2024
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NCSoft invests $3.5m in Sweden's Moon Rover Games
NCSoft announced Tuesday that it had invested $3.5 million in Swedish game studio Moon Rover Games, as the Korean game company continues seeking future growth engines to expand its gaming portfolio and global market. Moon Rover Games was established in 2022 by a group of developers who had taken part in creating global hit first-person shooters such as the Battlefield series, Far Cry and Tom Clancy’s The Division. Moon Rover Games is currently developing an FPS titled Project Aldous, based
July 30, 2024
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Lotte Wellfood eyes W1tr in snack sales in India
Lotte Wellfood announced Tuesday it plans to merge its Indian subsidiaries, Lotte India and Havmor Ice Cream, to improve operational efficiency and enhance its presence in the Indian market. According to the company, the boards of both affiliates approved the decision in meetings held Monday. Under the merger agreement, Lotte India will acquire Havmor Ice Cream, and both brands will continue their product lines. "Lotte Wellfood has decided to create a combined entity in India to enhance our
July 30, 2024
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[Photo News] Celebrating Victory
Hyundai Motor Group Executive Chair Chung Euisun (center), who serves as the president of the Korea Archery Association, celebrates the South Korean national archers' gold medal in the men's archery team event at the 2024 Olympic Games in Paris on Monday. The trio of Kim Woo-jin, Kim Je-deok and Lee Woo-seok beat the French national team in the final match at the Invalides stadium, marking Korea's third title in the men's archery team event at the Olympics. Hyundai Motor Grou
July 30, 2024
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Hyundai Motor’s decadeslong support for Korean archery shines in gold at Olympics
South Korea's female archers continued to rewrite history as they won the Olympic gold medal in the women's archery team event in Paris on Sunday, extending the winning streak to a 10th consecutive title. Behind the archery team’s efforts, there was Hyundai Motor Group’s unwavering support that began in 1985. The auto conglomerate’s 40-year-long sponsorship of the Korea Archery Association marks the longest for a single sports association here. Hyundai Motor Group beg
July 29, 2024
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Samsung chief boosts global ties at Paris Olympics
Samsung Electronics Chairman Lee Jae-yong has embarked on a business trip to Paris to leverage the 2024 Paris Olympics to strengthen ties with key global business partners, political figures and sports leaders, the company said Sunday. Since arriving in Paris last Wednesday, Chairman Lee has engaged in a series of high-level business meetings. This marks his first attendance at the Olympics since the 2012 London Games. His agenda includes discussions with leaders from the semiconductor, IT and a
July 28, 2024
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Cash-crunched Tmon begins refund process for customers
Tmon, an online marketplace platform owned by Singapore-based e-commerce company Qoo10, on Friday, started issuing refunds to customers who did not receive their products purchased on the platform hit by a liquidity crisis. This move comes a day after the CEO of WeMakePrice, another affiliate of Qoo10, offered an apology and began issuing refunds as hundreds of consumers visited the headquarters of the online marketplace platform. Tmon and WeMakePrice, which were acquired by Qoo10 in 2022 and 20
July 26, 2024
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2nd generation of owner families at mid-level conglomerates owns 33.5% of shares
An analysis of 81 conglomerates categorized as "middle market enterprises" showed Wednesday that the second generation of owner families owns a total of 33.5 percent of company shares. Corporate tracker CEO Score analyzed the shareholding structure of companies with 2 trillion won ($1.44 billion) or more in assets, and found that the combined value of shares held by owner families' second generations came to 13.39 trillion won as of July 15. The second generation in the report r
July 24, 2024