HMM's profit jumps fivefold in 2024

LG Energy Solution picked as bidding operator of Jeju offshore wind farm

LG Energy Solution, Korea's leading battery maker, said Monday it has been named the renewable energy bidding service operator for the country's largest wind farm on the southern island of Jeju.

DeepSeek claims kimchi's origin as 'Korea' in Korean, 'China' in Chinese: Seoul spy agency

The Chinese artificial intelligence (AI) model DeepSeek provided different answers to sensitive questions depending on the language. For example, defining kimchi's origin as Korea when asked in Korean, but claiming it is Chinese when asked in Chinese, Seoul's spy agency said Sunday.

Samyang's earnings rise on popularity of Buldak instant noodles

Samyang Foods is on track to become Korea’s most profitable instant noodle maker in 2024, as the export performance of its hit Buldak instant noodle product lineup, has been bolstered by a stronger dollar.

Dog meat ban led to closure of 40% of farms, gov't says

Four out of 10 dog meat farms in Korea have voluntarily shut down following the government's declaration that dog meat trade will no longer be legal starting 2027, the government said Sunday.

Lotte accelerates confectionery biz in India

Lotte Wellfood has launched a new manufacturing plant in India, where the Korean confectionery giant is looking to expand its presence, Lotte Corp., the holding company of Lotte Group, said Sunday.

German shipper mulls placing container ship order with Hanwha Ocean: reports

German shipping firm Hapag-Lloyd may turn to Korean shipbuilder Hanwha Ocean for its next batch of container ship newbuildings worth over 1.7 trillion won ($1.2 billion), according to foreign news media.

Woori Financial's net rises 23% in 2024

Woori Financial Group said Friday its net profit surged 23.1 percent from a year earlier in 2024 on the rise in both interest and non-interest income.

Korean Air swings to black in Q4 on cargo demand

Korean Air, Korea's leading airline, said Friday it has swung to the black in the fourth quarter from a year earlier thanks to robust cargo demand.

Korea advises caution over DeepSeek use due to security concerns

Korea's data protection regulator on Friday advised caution when using Chinese artificial intelligence (AI) startup DeepSeek's service, citing ongoing security concerns.

Renault Korea's production line inspection

Naver founder to return as board chairman for AI initiative

Naver founder Lee Hae-jin is set to return as chairman of the company's board of directors next month to lead its artificial intelligence (AI) initiatives, as AI emerges as a key battleground for major tech firms globally, the company said Friday.

KOTRA woos foreign investors at Lam Research Korea

Korea Trade-Investment Promotion Agency (KOTRA) CEO Kang Gyeong-seong visited Lam Research Korea's head office in Yongin, Gyeonggi Province, Friday, to learn about the recent trend of foreign investment in this country.

R.LUX names Kim Go-eun as brand ambassador

R.LUX, e-commerce giant Coupang’s luxury beauty service, has named actor Kim Go-eun as its first brand ambassador, featuring the star in its 'New Rule. New Luxury' advertising campaign, the company said Friday.

Conglomerates block access to DeepSeek amid security woes

Major conglomerates in Korea are on track to block access to DeepSeek's artificial intelligence (AI) chatbot service amid escalating concerns over potential leaks of their confidential data to China, industry officials said Friday.

Samsung Electronics to donate $1 mil. for LA wildfire relief

Samsung Electronics said Friday its U.S. units will donate $1 million worth of home appliances, personal computers (PCs) and tablets to support the relief and recovery efforts for victims of the wildfires in Los Angeles.

Ferrari's electrification boosts prospects for SK On

SK On is seen as the main beneficiary of Ferrari's planned launch of its first fully electric vehicle (EV) later this year, considering the Korean battery maker's long-standing partnership with the Italian luxury carmaker.

Hanwha Systems Q4 net soars on one-off gains

Hanwha Systems, a Korean defense industry company, said Friday its fourth-quarter net profit skyrocketed from a year earlier due mainly to one-off gains from its affiliate.

Hyundai Motor Group wins four titles at Cars.com awards

Hyundai Motor Group said Friday four of its vehicles across its three car brands have received top honors at an annual car awards in the United States.

Korea ranks 1st in global shipbuilding orders in January

Korea ranked first in new global shipbuilding orders in January, outpacing its rival China, industry data showed Friday.

HLB unveils roadmap for novel drugs for 3 cancer types by 2026

Korean pharmaceutical company HLB unveiled its roadmap for adding novel anticancer treatments for three cancer types to its portfolio by 2026, as part of its bid to cement its position as an oncology-focused specialist following the anticipated U.S. approval of its targeted anticancer treatment, Rivoceranib, next month.

Naver's Q4 net income up 48.8% on robust sales

Naver, Korea's leading internet portal operator, said Friday its fourth-quarter net profit jumped nearly 50 percent from a year earlier thanks to robust sales from its search and e-commerce business.

Hyundai to temporarily halt Ioniq 5, Kona Electric production amid slowing EV demand

Hyundai Motor will temporarily suspend production of its Ioniq 5 and Kona Electric models, as weakening electric vehicle (EV) demand continues to impact sales, according to industry sources Friday.

Tropical cyclone set to smash WA coast

Western Australian residents have been warned a cyclone is expected to hit as the country’s torrent of wild weather shows no sign of slowing down.

Macron reacts to his deepfakes

French President Emmanuel Macron has praised a series of fake AI-generated videos of himself on social media.

Shopper confronted for leaving dog in car

Footage has captured the fiery moment a woman confronted a shopper for allegedly leaving her dog locked in her car for 20 minutes on a 36 degree day.

Aus’ rarest number plate to fetch $1m+

A string of high-profile Aussie celebrities have made serious investments into number plates – now the rarest one is up for grabs.

Most dangerous car ‘killing its passengers’

A damning new analysis has revealed horrifying details about the most deadly vehicle that’s currently on the road.

Australia’s top singles suburbs revealed

Are you a single lady looking for love? Or a fellow ready to grow up from the bachelor life? Here’s where you need to go to be hit with Cupid’s arrow.

200 unexploded WWII bombs found underneath playground

Parents have been left horrified after discovering something very sinister underneath their local children’s playground.

Young drivers clueless behind the wheel: Survey

A new survey has revealed a startling truth about young Aussie drivers.

World at ‘turning point’ as leaders scramble

Political and tech industry leaders have descended on Paris to attend an urgent roundtable to “take back control” of a civilisation-altering innovation.

Strange new road safety initiative being trialled

One state is trialling the unusual road markings that use an optical illusion to encourage drivers to slow down in high-traffic zones.

Thousands hit with major internet outage

A major internet provider has issued an apology after a widespread outage left thousands of homes and businesses without broadband services.

Aussies warned of scams this Valentine’s Day

Aussies looking for love are being warned to stay vigilant this Valentine’s Day after one state lost $8.9m to “romance scams”.

Powerful, addictive phone delights and disappoints

With next level AI and photo features, it could be the most talked about phone of 2025 – and its already dividing some of the biggest reviewers on the planet. REVIEW

JB Hi-Fi’s $5.7bn boom

Figures from one of Australia’s major retailers show shoppers have found room in their budgets despite cost-of-living pressures.

Sydney hit with 78mm of rain in just one hour

More than 20 people have been rescued after becoming trapped in floodwaters while thousands are without power as storms threaten to smash NSW for a second day in a row.

Wild winds bring down trees in major city

Wild winds have torn parts of a major city apart, ripping large trees out of the ground and smashing into power lines, leaving thousands without power.

Train crash causes diesel spill in beloved region

Emergency services are mopping up a diesel spill in a tourist region after a train crashed into a tree.

Why social trolls are wrong about this car

Haters on social media were quick to hone in on and attack one attribute of BMW’s new car. This why they are wrong.