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UT LLC., a mobility company based in South Korea, said Thursday it will change the name of its taxi-hailing platform service to Uber Taxi from UT. UT is a joint venture created by the US ride-hailing service company Uber Technology Inc. and South Korean mobility firm Tmap Mobility Co. in 2021 as p...
South Korean construction and interior materials company LX Hausys on Wednesday said it is participating in this week's Kitchen and Bath Industry Show in Las Vegas, which runs through Thursday. The company said it aims to showcase its latest collection of engineered stone and artificial marble, al...
SK hynix CEO Kwak Noh-jung outlined the company's ambitious goal of reaching a stock price of 280,000 won (about $210) within the next three years during a recent in-house meeting. The projected value represents nearly a twofold increase from the current stock price and is seen as a strong stateme...
The awards ceremony of "2024 Korea`s Most Admired Companies" on Wednesday. (S-Oil) S-Oil, one of major refineries in South Korea, has once again secured the top position in the highly esteemed "2024 Korea's Most Admired Companies" survey, marking the sixth consecutive year for its inclusion among ...
CJ Foodville's Tous Les Jours store in Bandung, Indonesia (CJ Foodville) CJ Foodville, the operator of the bakery chain Tous Les Jours and a subsidiary of South Korean conglomerate CJ Group, said Wednesday its bakery stores in Indonesia have surpassed 60 in number, with a recent addition in Bandun...
Shin Ho-cheol, vice president of Kakao Pay, was appointed as new chief executive officer of the stock brokerage arm, Kakao Pay Securities said Wednesday. The appointment was approved during the board of directors meeting on the same day. Pending approval at the group's regular general meeting of s...
Daewoong Pharmaceutical, South Korea’s leading pharmaceutical company, is expected to appoint Vice President Park Seong-soo as its new co-CEO during its annual shareholders meeting in March, according to industry sources Wednesday. “Daewoong aims to accelerate the expansion of its overseas busin...
US Secretary of the Navy Carlos Del Toro toured the shipyards of HD Hyundai Heavy Industries and Hanwha Ocean on Tuesday to explore their military shipbuilding capabilities for handling comprehensive support services for the US Navy fleet, as part of US defense needs to bolster its naval presence i...
New York-listed e-commerce giant Coupang on Wednesday reported its first-ever annual operating profit of $473 million last year, marking a milestone since its inception in 2010. It also reported $24.4 billion in sales, a notable 20 percent jump from 2022. In the fourth quarter alone, its quarterl...
SK Telecom said Wednesday it had teamed up with Iceotope Technologies, a precision liquid cooling firm in Britain, and its sister firm SK Enmove to develop a liquid cooling solution with high energy efficiency for artificial intelligence data centers. The leading mobile carrier in Korea said it ha...
“We appreciate the more challenging requirements that the IIHS required in 2024 to earn the TSP and TSP+ awards,” said Latouf. “The changes made to our vehicles to win these tougher awards offer the highest level of protection for our customers and other vulnerable road users. Safety is a top p...
Hyundai Motor Group and the School of Oriental and African Studies (SOAS) at the University of London, UK, have jointly inaugurated the “Centre for Sustainable Structural Transformation.” The opening ceremony took place at the Khalili Lecture Theater, University of London, on Feb. 23 with follow...
Hyundai Motor Group’s trailblazing electric vehicles have earned rave reviews and charted a path to success under the leadership of Chair Chung Euisun. CNBC, the premier economic news broadcaster in the United States, aired a special feature on Sunday focusing on the factors propelling the Korean...
South Korea's brokerage Mirae Asset Securities announced Tuesday that its Indian unit hit a significant milestone, with its retail customer accounts surpassing one million in five years after its launch in 2018. India, the world's fifth-largest economy, holds strategic importance for Mirae Asset F...
NH Securities Vietnam, the Vietnamese unit of NH Investment & Securities, said Tuesday it has launched a mobile trading service called NHSV Pro. The launch of the mobile trading service reflects the Korean brokerage firm's strategy to expand sales and enhance financial IT systems by bolstering the...
Global X Canada debuts as Mirae Asset aims unified global ETF brand
Celltrion seeks bigger footing in South America
LG CNS enters steel scrap market
Inflation eases in April, continues ‘bumpy’ ride
Hyundai Rotem to export armored vehicles to Peru
Mercedes-Benz Financial names new Korea chief