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The Korea Economic Daily is a digital media platform for economic and business news on South Korea

07/11/2024

Hyundai Design and Technical Center in Irvine is home to futuristic concepts of Hyundai Motor cars.

IRVINE, Calif. -- White sneakers, gray nail polish, pink goggles and orange remote controls are not something visitors expect to see in car design studios. But

07/11/2024

Democratic US Representative Andy Kim, the first Korean-American elected to the US Senate, pledged to strengthen the relationship between Seoul and Washington.

NEW YORK – Democratic US Representative Andy Kim, the first Korean-American elected to the US Senate, pledged to strengthen the relationship between Seou

07/11/2024

LG Uplus, South Korea’s No. 3 mobile carrier, plans to invest up to 3 trillion won ($2.1 billion) in artificial intelligence and foster related businesses through cooperation with Big Tech companies such as Google to become an AI transformation (AX) company amid a saturated local telecom market.

LG Uplus Corp., South Korea’s No. 3 mobile carrier, plans to invest up to 3 trillion won ($2.1 billion) in artificial intelligence and foster related bus

07/11/2024

LG showcases a new lineup of AI-powered large commercial washers and dryers at Texcare International 2024.

South Korean home appliance giant LG Electronics Inc. is stepping up efforts to enhance its presence in the global business-to-business (B2B) market as the com

07/11/2024

Coupang founder and Chief Executive Bom Kim will sell shares and donate additional ones in the South Korean e-commerce platform for tax payment and other financing purposes.

Coupang Inc. founder and Chief Executive Bom Kim will sell shares and donate additional ones in the South Korean e-commerce platform for tax payment and other

07/11/2024

With Trump’s successful comeback, South Korea’s major chipmakers, automakers and battery makers are on high alert as he pledged to reduce or eliminate subsidies and raise tariffs.

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With Donald Trump reelected as the next US president, South Korea’s major chipmakers, automakers and battery makers are on high alert as he pledged to re

06/11/2024

Activist fund Dalton Investments has raised its stake in Kolmar Holdings, the world’s No. 3 original development manufacturer (ODM) for cosmetic products.

Dalton Investments Inc., a US-based activist fund, has secured a 5.02% stake in South Korea’s Kolmar Holdings Co., stoking speculation the world’s

06/11/2024

Lim Hee-won, a celebrity chef on Netflix’s cooking competition Culinary Class War, showcased Samsung’s AI Bespoke AI kitchen at a cooking show.

Lim Hee-won, a celebrity chef who appeared on Netflix’s cooking competition show Culinary Class War, made a special trip to a studio in Seoul on Wednesda

06/11/2024

Global sportswear makers stepped up competition in South Korea to take advantage of the country’s growing running craze with major brands such as Nike Inc. and Adidas AG in fights against smaller rivals.

Global sportswear makers stepped up competition in South Korea to take advantage of the country’s growing running craze with major brands such as Nike In

06/11/2024

South Korean-owned sportswear brand Fila said on Tuesday it scaled back the loss-making US business to improve earnings through a restructuring in North America.

South Korean-owned sportswear brand Fila said on Tuesday it scaled back the loss-making US business to improve earnings through a restructuring in North Americ

06/11/2024

South Korea’s Financial Supervisory Service has put the brakes on Korea Zinc’s $1.8 billion rights issues aimed at repaying debts used for its share buybacks.

South Korea’s Financial Supervisory Service (FSS) has put the brakes on Korea Zinc Inc.'s 2.5 trillion won ($1.8 billion) rights issues aimed at repaying

06/11/2024

Softbank-backed Coupang posted its highest quarterly sales in Q3 and swung to operating profit from a loss in the previous quarter.

Coupang Inc., South Korea’s answer to global e-commerce giant Amazon.com, posted its highest quarterly sales in the third quarter and swung to operating

05/11/2024

Loss-making , the Korean master franchisee of the giant US pizza franchisor, has filed for a corporate rehabilitation proceeding in Seoul.

Money-losing Pizza Hut Korea Ltd., the Korean master franchisee of the giant US pizza franchisor, has filed for a corporate rehabilitation proceeding in Seoul

05/11/2024

SK Telecom on Tuesday unveiled an AI-driven personal assistant Aster (A*) that understands users' intentions and offers suggestions. The AI agent will be tailored mainly to customers in North America.

SK Telecom Co. on Tuesday unveiled an AI-driven personal assistant Aster (A*) that understands users' intentions and offers suggestions beyond answering simple

05/11/2024

South Korean dance moves copyrights will be protected through an agreement between Naver Z, the operator of Asia’s largest metaverse platform Zepeto, and MVNT, a startup co-founded by a choreographer for BTS, to allow creators to collect rewards for their works.

South Korean dance moves copyrights will be protected through an agreement between Naver Z Corp., the operator of Asia’s largest metaverse platform Zepet

05/11/2024

Kia Corp., South Korea’s No. 2 automaker, on Monday unveiled a facelift of the Sportage to further boost the sport utility vehicle (SUV) craze in the country.

Kia Corp., South Korea’s No. 2 automaker, on Monday unveiled a facelift of the Sportage to further boost the sport utility vehicle (SUV) craze in the cou

05/11/2024

HYBE, the K-pop behemoth behind BTS, suffered a double-digit profit fall in the third quarter but pictured a rosy outlook for 2025 when BTS members are expected to resume full-fledged activities as a septet after military discharges.

HYBE Co., the K-pop behemoth behind BTS, suffered a double-digit profit fall in the third quarter amid the ongoing feud with Min Hee-jin, the creative director

05/11/2024

Korea’s Hyundai E&C, in a consortium with Westinghouse, has won an engineering contract for Bulgaria’s $14.5 billion project to build two nuclear reactors.

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South Korea’s Hyundai Engineering & Construction Co. has signed a nuclear power plant design contract with Bulgaria's state nuclear power plant build

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