Hyundai Surges Past Volkswagen to Claim No. 2 Spot in Global Profits
Hyundai Motor Group has overtaken Volkswagen Group to become the world’s second most profitable carmaker in the first half of the year. The result...
Debt Standoff Pushes Petrochemical Producer to Brink of Default
South Korean petrochemical producer Yeochun NCC Co. (YNCC) faces a default risk as its owners clash over fresh capital support. The joint venture is...
Tesla Turns to South Korea for Next-Gen AI Chip Power Shift
South Korea’s Samsung Electronics is set to strengthen its role in Tesla AI chip production after Tesla ended its Dojo supercomputer project. This shift...
Kakao Bets Big on OpenAI to Dominate Korea’s AI Consumer Market
Kakao plans to unveil its first Kakao AI product, developed in collaboration with OpenAI, at its upcoming developer conference. The company expects to officially...
Mirae Asset’s Global Bet Pays Off with Soaring Profits and Digital Expansion
South Korea’s Mirae Asset Securities delivered a sharp rise in profit, driven by the strength of its overseas operations. The firm’s operating profit jumped...
