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Kia CEO Song Ho-sung on Friday said the automaker is set to lead the mass adoption of electric vehicles with the upcoming launch of the EV3, its most affordable model to date. “Despite recent fluctuations in demand, the future of electric vehicles is undeniable. Leveraging the success of our EV6 ...
Korea Zinc, South Korea's leading nonferrous metal processing firm, said Friday it has partnered with LG Chem for business opportunities in the US used plastics recycling market. Korea Zinc signed a memorandum of understanding with LG Chem to win used plastics recycling projects in the United Stat...
Proxy adviser Institutional Shareholder Services (ISS) has urged shareholders of KT&G, South Korea's dominant cigarette maker, to vote for a board nominee endorsed by activist fund Flashlight Capital Partners, according to the fund Friday. Appointing a new chief executive, which would mark KT&G's ...
Alibaba Group, the company of Chinese e-commerce giant AliExpress, renowned for its budget-friendly offerings, plans to invest more than $1 billion in Korea over the next three years, with a massive distribution center being built within the year. According to industry sources on Thursday, Alibaba...
AliExpress, the Chinese e-commerce platform owned by Alibaba Group, has been reaching out to Korean food companies to diversify its product range and gain more recognition among Korean consumers. Following South Korean food giant CJ CheilJedang, which joined the Chinese platform early this month, ...
Toss Securities, a brokerage arm under financial technology giant Viva Republica, shared its vision Thursday to become a leading player in the Korean retail trading market, launching new services ranging from bonds to derivatives to diversify its portfolio. “Until last year, Toss Securities worke...
KG Mobility, a stalwart in the South Korean sport utility vehicle scene previously known as Ssangyong Motors, has set an ambitious total sales goal of 147,000 units for this year, a 26.6 percent increase from last year, as it aims to penetrate overseas markets in Europe and Southeast Asia, away fro...
Doosan Robotics, South Korea's leading collaborative robot provider, announced Thursday the successful practice of its robotic-assisted laparoscopic surgery solution, marking the debut of a Korean-made solution in a real surgical environment. The solution was employed for laparoscopic cholecystect...
Energy and environmental solutions provider SK Ecoplant announced Thursday the launch of a new IT Asset Disposition facility in Virginia through its recycling subsidiary, SK tes. The newly completed facility, spanning 12,000 square meters, is designed specifically for hyperscale data centers. It w...
China's Alibaba Group plans to invest $1.1 billion in South Korea over the next three years, as it seeks to build a logistics center and expand businesses. As part of the investment plan, the Chinese e-commerce giant plans to spend $200 million this year to build the logistics center, according to...
Hyundai Motor and Kia will voluntarily recall nearly 170,000 electric vehicles (EV) to address a software error in the charging system, the government said Thursday. The Ministry of Land, Infrastructure and Transport said 12 car models totaling 232,000 units from Hyundai Motor, Kia, Stellantis Kor...
Korean travel platform operator Yanolja announced the opening of its first US office in Manhattan, New York, on Wednesday. The move aims to accelerate its North American travel solutions business, coinciding with growing anticipation for the company's potential listing on the US stock market this y...
Major global offices of Hyundai Motor Company and Kia turned into the black last year as the South Korean automakers logged record-high earnings on surging sales across the world, according to their audit and business reports on Wednesday. According to the audit report of Hyundai Motor Company, th...
The biggest shareholder of KT&G has said it opposed a nomination for chief executive of South Korea's dominant cigarette maker, citing falling profitability and dubious business practices during the nominee's tenure as a board member. In a regulatory filing Tuesday, state-run Industrial Bank of Ko...
The feud over South Korean game developer Nexon's Maplestory, a popular side-scrolling massively multiplayer online role-playing game, or MMORPG, is escalating, with gamers filing a class action suit and Nexon taking the antitrust regulator’s fine assessment to court. As the in-court battle is ex...
Trilateral talks acknowledge ‘serious’ slumps of won, yen
Samsung C&T president makes her first business trip to Milan
Seoul Business Agency CEO says SNS marketing essential for SME
CJ Olive Young offers real-time translators for foreign visitors
Hyundai Motor, Toray join hands for material innovation in mobility
Paris Baguette debuts in the Philippines