If the R&D proves successful, the partners plan to integrate their LMR production lines at existing US sites by 2028, sources said. GM’S STRATEGIC PIVOT GM’s strategic pivot is driven by its intention ...

K-beauty exports reached a record $10.2 billion in 2024; Basic cosmetics lead in US, while color goods popular in Japan Korean cosmetics counter (Courtesy of Yonhap) In-Soo Nam4 2025-01-05 17:11:42 ...

Amazon to back K-Beauty’s broader global reach Korean cosmetics (Courtesy of Yonhap) US e-commerce juggernaut Amazon.com Inc. will offer South Korean cosmetics producers one-stop support to enable ...

MBK’S BIGGEST LEVERAGED BUYOUT With Homeplus set to come under court protection, MBK Partners faces mounting scrutiny over its LBO-driven investment strategy. Korea’s private equity sector is keeping ...

The move comes as retail giant Shinsegae is offloading non-core assets to strengthen its balance sheet Kakao Pay is the mobile payment and digital wallet service unit of top Korean web portal Kakao ...

The country's four largest petrochemical manufacturers – LG Chem Ltd., Lotte Chemical Corp., Kumho Petrochemical Co. and Hanwha Solutions Corp. – reported consolidated losses of a combined 417.0 ...

Hyundai Motor Co. and its sibling Kia Corp. have set a target to sell a combined 7.39 million units around the globe this year with greater focus on premium cars and new growth engines. Their delivery ...

Naver’s HyperCLOVA X Vision proves a picture is worth a thousand words Naver unveils its hyperscale AI platform HyperCLOVA X on Aug. 24, 2023 A picture is worth a thousand words, as the adage goes, ...

Microsoft CEO Nadella seeks AI alliance with Hyundai, POSCO, Shinhan, KT Microsoft CEO Satya Nadella (Courtesy of Microsoft Korea) Microsoft Corp. Chairman and Chief Executive Satya Nadella is seeking ...

Samsung Bioepis claimed the top spot in the emerging biosimilar market for ustekinumab, sold under the brand name Stelara – an autoimmune treatment reaching 14 trillion won in annual sales. Samsung ...

The company will mass-produce silicon capacitors for AI servers, starting in 2025 Samsung Electro-Mechanics showcased ultra-compact all-solid-state batteries tailored to wearable devices in September ...

KT&G is the world’s fifth-largest tobacco maker Singapore-based investment management firm Flashlight Capital Partners Pte. (FCP) has offered to buy South Korean tobacco maker KT&G Corp.'s ginseng ...