OCI Holdings returns to profit on US solar gains

OCI Holdings returned to solid profitability in the second quarter, driven by strong earnings from its US solar business, as the company accelerated efforts to strengthen its US-focused supply chain and expand capacity to meet growing artificial intelligence-driven power demand. The company said Thursday it posted 1.23 trillion won ($838 million) in revenue, 108 billion won in operating profit and 60.6 billion won in net profit for the April-June period, extending profitability for a third conse

2026-07-23 16:36:54:00

HD Hyundai XiteSolution halves paint-process emissions

HD Hyundai XiteSolution said Thursday it has developed a low-temperature curing paint that cuts carbon emissions generated during the manufacturing process by more than half. Developed after a year of research at the company's technology institute, the new paint reduces carbon emissions when painting excavators and wheel loaders by about 53 percent, equivalent to planting 104,000 pine trees annually. The company achieved the reduction by replacing the paint's acrylic polyurethane resin with poly

2026-07-23 14:27:08:00

Shinsegae's AI paper accepted at ICML

Shinsegae Department Store said Thursday that its AI-powered hyperpersonalization technology, developed jointly with Seoul National University, has been accepted for presentation at the International Conference on Machine Learning, one of the world's most prestigious artificial intelligence conferences. The achievement stems from a yearlong industry-academia collaboration launched after Shinsegae and Seoul National University's Graduate School of Data Science signed a memorandum of understanding

2026-07-23 14:27:07:00

Cosmax Pet opens new plant to meet rising demand

Cosmax Pet, a pet health and beauty original development manufacturer and subsidiary of Cosmax Group, said Wednesday it has begun operations at its new plant in Jeungpyeong, North Chungcheong Province. The facility follows a 40 billion won ($27 million) investment announced under an agreement signed with Jeungpyeong County in October 2025 to build the plant at the Jeungpyeong 2nd General Industrial Complex. The relocation from Goesan comes as demand for pet health care products and product devel

2026-07-22 14:36:00:00

CJ promotes K-culture in Vietnam through taekwondo

CJ Group said Wednesday it will host the 2026 CJ National Youth Taekwondo Championship from Thursday to Monday at the Rach Mieu Sports Complex in Ho Chi Minh City, followed by the CJ Vietnam Open at the same venue from July 28 to 29. Launched in 2019, the CJ National Youth Taekwondo Championship is Vietnam's only national taekwondo tournament sponsored by a foreign company. This year's event will bring together about 1,000 athletes from 31 provinces and 300 officials. The CJ Vietnam Open, now in

2026-07-22 14:35:14:00

LG Energy Solution revives Ohio battery plant amid EV recovery

LG Energy Solution is preparing to restart production at its Ohio battery plant with General Motors after a six-month shutdown, as signs of a recovery in global electric vehicle demand improve the outlook for the industry. According to news reports on Wednesday, Ultium Cells Plant 1 in Warren, Ohio, will begin reinstating about 850 temporarily laid-off workers in phases from July 27 through mid-August. The joint venture plans to resume full-scale production in the fourth quarter after facility m

2026-07-22 13:44:17:00

Hyundai deepens FIFA partnership with robotics push

Hyundai Motor Group used its long-running FIFA partnership to showcase its robotics and future mobility technologies while reinforcing its global brand presence at the 2026 FIFA World Cup. The group has partnered with FIFA since 1999, making it the football governing body's third-longest corporate partner after Adidas and Coca-Cola. It has sponsored 13 FIFA World Cup tournaments, including the 2002 Korea-Japan World Cup. For the 2026 tournament, Hyundai Motor supplied 2,160 official vehicles, th

2026-07-21 14:42:48:00

Foreign sales jump 137% at GS25 stores in coastal tourist spots

Foreign payment revenue at GS25 convenience stores in popular coastal destinations across South Korea jumped 136.9 percent year-on-year between July 1 and Sunday, the company said Tuesday. The figure was based on GS25's analysis of transactions made by foreign customers at about 100 stores in major tourist destinations, including Gangneung and Sokcho in Gangwon Province, Busan’s Haeundae, and Jeju Island. The company focused on payments made through Chinese mobile payment platforms WeChat Pay an

2026-07-21 13:09:52:00

Korean Air becomes first domestic airline to sign Buckingham Palace Declaration

Korean Air announced Tuesday it signed the Buckingham Palace Declaration to protect endangered species and block routes of illegal animal trafficking, in line with its environmental, social and governance policies. The Buckingham Palace Declaration is an international agreement made in March 2016 to shut down routes used for illegal wildlife trafficking. Signatories join the United for Wildlife task force to implement the declaration’s principles. The agreement consists of 11 active commitments

2026-07-21 11:42:40:00

KoreaBIO seeks closer biotech ties with Taiwan

The Korea Biotechnology Industry Organization (KoreaBIO) called for closer bio supply chain cooperation between South Korea and Taiwan at BIO Asia-Taiwan 2026, highlighting the potential for deeper partnerships in biopharmaceutical manufacturing, digital health and startup investment. At the conference held in Taipei from July 15 to 19, KoreaBIO co-hosted the Korea Session to showcase the country's biotech ecosystem and promote greater open innovation between the two economies. Speaking at the "

2026-07-20 16:18:34:00