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DB Robotics, a first-generation robot developer in South Korea, has revealed the nation’s first hybrid electric rollator that also converts into a wheelchair, the company said Tuesday. Compared to a standing walker, the new electric rollator has motors around each of its four wheels, enabling ind...
Kakao Bank, the banking arm of Korean mobile giant Kakao, announced Tuesday that it will acquire a 10 percent stake in PT Super Bank Indonesia, aiming to boost its presence in the Southeast Asian market. The acquisition will be Kakao Bank's first investment outside of Korea, and will be done in co...
Posco Holdings said on Tuesday the company has received 85 billion won ($62 million) in dividends from the third quarter earnings of Roy Hill Holdings, recouping the investment it has made into the holding company of Australian iron ore miner Roy Hill. With the latest dividend payment, Posco Holdi...
LG Electronics said Tuesday it expected its third quarter operating earnings for 2023 to climb 33.5 percent from a year before, amid the strong performance of its home appliance and vehicle component solutions units. LG estimated that its operating profit for the July-September period came in at 9...
The Korea Herald, the nation’s largest English newspaper, will kick off its annual business forum under the theme, “Beyond Earth,” on Wednesday to discuss the ever-evolving and highly dynamic space industry while endeavoring to understand humanity's connection with the universe. The 2023 Korea ...
Hanwha Aerospace said Monday it participated in the Association of the US Army exhibition, one of the world’s largest military shows, to showcase its state-of-the-art ground weapons systems. At its 232-square-meter exhibition booth, the company displayed the K-9 Thunder -- the world’s No. 1 self...
Foreign investors dumped more than 6 trillion won ($4.44 billion) worth of shares listed on Kospi, Korea’s main bourse, in the past three months amid the slow stock market, data from the Korea Exchange showed Sunday. Non-Korean investors’ net buying on Kospi this year dropped to 7.23 trillion wo...
The 2022 US best-selling novel "Offerings," authored by Korean-American Michael Byung-ju Kim, co-founder and chairman of South Korea's largest private equity fund, MBK Partners, is set to be adapted into a film, according to the company on Monday. Hollywood production company Anonymous Content, kn...
As for the exterior, it made modern modifications to the BMW’s signature headlight and kidney grille. The most standout design of the front is the BMW Iconic Glow, a radiator grille light that illuminates the surrounding of the grille. The lower body moves up along the sedan’s side lines, highli...
LG Display and LG Chem, prominent display and chemical makers, respectively, boasted Monday of their joint success in producing p-type dopants in-house, a crucial material for producing organic light-emitting diode displays, the supply of which has been solely dependent on imports. This developmen...
Hyundai Motor Group’s decadeslong sponsorship for the Korean archery team has once again stepped into the spotlight as the national team swept up a total of 11 medals across individual and team categories over the past week at the 19th Asian Games in Hangzhou, China. Industry watchers say the Kor...
Hana Financial Group Chairman Ham Young-joo highlighted the importance of sustainable financing during his meeting with the Dutch ambassador for sustainable development in The Hague, Netherlands, Friday. The Hana chief met with Ambassador Rene van Hell as part of his visit to Europe to meet with g...
Asiana Airlines is expected to discuss selling its cargo business as part of Korean Air’s new merger plan, which is facing antitrust concerns in Europe, according to industry sources, Sunday. Sources said the agenda is highly likely to be discussed at a board meeting at the end of the month. Asi...
Price increase rates of about 80 percent of restaurant menus exceeded the price increase rate of a market basket of consumer goods in September, according to data on Monday. According to Statistics Korea, the consumer price index, which functions as an economic metric for the price of a weighted a...
Posco is facing a possible labor strike for the first time in its 55-year history as it failed to bargain with its labor union for the second time since wage negotiations began in August. Wage talks between Posco's management and the union fell through late Thursday afternoon as the two sides fail...
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