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The cost of daily necessities in South Korea has surged over the past 50 years amid the nation's rapid economic growth and soaring inflation, revealed data released Monday. According to data compiled buy the Korea Price Research Center, a 1 kilogram cut of Korean beef that would have cost 1,366 wo...
HD Korea Shipbuilding & Offshore Engineering, the shipbuilding unit under HD Hyundai, announced Monday that it is set to construct two of the world’s first ammonia-powered medium-sized vessels, with targeted delivery by 2026. The company said it has decided to adopt a dual-fuel engine using both ...
Celltrion Healthcare, Celltrion's distribution unit, said Monday it has signed a deal with US specialty pharmacy chain CarePartners Pharmacy to sell its Humira biosimilar Yuflyma in the US market. CarePartners Pharmacy is a national pharmacy that distributes medications across all 50 states and Wa...
Doosan Robotics, South Korea’s largest collaborative robot manufacturer under the conglomerate Doosan Group, said Monday it will supply chicken-frying collaborative robots to fried chicken franchise Kyochon F&B. Under the deal, Doosan will install its first collaborative robot at Kyochon F&B head...
South Korean liquor giant HiteJinro said Monday it is building the company's first overseas manufacturing plant in Vietnam, riding high on the growing popularity of the nation's distilled spirit abroad. According to HiteJinro Singapore, the company confirmed a sublease agreement with the Green I-P...
South Korean chemical and battery materials manufacturer Posco Future M has achieved 100 percent recycling of refractory waste, gaining a foothold in green transformation, the company said Monday. Usually, in the shape of bricks, refractories are solid materials that can withstand high temperature...
The Seoul International Aerospace and Defense Exhibition, known as Seoul ADEX, kicks off Tuesday with the public debut of Korea's indigenously developed KF-21 Boramae fighter jet, as the country looks to score record-breaking exports for the defense industry this year. The biannual event, which ta...
More than 90 percent of all fines for illegal short selling of stocks have been issued to foreign financial firms, government data showed, amid calls from Korean retail investors for stricter regulation. According to Financial Services Commission data submitted to Rep. Yun Ju-kyung of the ruling P...
LG Innotek, an electronic component manufacturer under LG Group, said Sunday that it had earned three international patents in the field of electric vehicle charging. “To leap forward as a No. 1 global company, it is essential to systematically manage and secure international patents and intellec...
Not satisfied with its dominant position in the Korean market, Amazon Web Services, the cloud business arm of US tech giant Amazon, appears to be attempting to occupy an even greater presence here with an aggressive investment strategy, putting domestic companies under growing pressure. According ...
SK Group Chairman Chey Tae-won discussed economic cooperation with high-ranking government officials from Estonia and the Caribbean Community (CARICOM) during their official visits to South Korea earlier last week, according to the Korean conglomerate on Sunday. On Friday, Chey hosted a luncheon m...
South Korea signed a bilateral free trade deal with the United Arab Emirates Saturday, hoping to provide a tailwind for Korean automakers' outbound shipments and to help securing stable source for crude oil. The two countries concluded talks towards a Comprehensive Economic Partnership Agreement, ...
The sale of South Korea's No. 1 container shipper HMM, which is anticipated to be one of Korea's largest mergers and acquisitions for the second half of 2023, could hit a snag amid a slowdown in the shipping industry, according to industry sources on Sunday. In November, state-owned Korea Developm...
South Korea’s top wire and cable maker, LS Cable & System Asia, has secured a partnership with a Vietnamese state-run company as part of its bid to foray into the underwater cable market in Southeast Asia. LS Cable & System Asia announced Thursday that it has signed a memorandum of understanding ...
The South Korean government may announce its plan to increase the medical school enrollment quota as early as next week, according to local reports Friday. The government is reportedly reviewing a plan to increase the medical school enrollment quota by 500, from the current quota of 3,058, which h...
Mercedes-Benz donates W500m for child protection center in Incheon
Korean banks head to CES amid AI push
Samsung SDI builds EV momentum with Audi, Hyundai deals
[Exclusive] Hyundai Mobis eyes closer ties with BYD
Hyundai Capital sets up Australian subsidiary
Nvidia CEO signals Samsung’s imminent shipment of AI chips