Samsung Electronics said Monday it showcased an outdoor advertisement for its upcoming 2023 TV lineup, including its Neo QLED 8K TV, at Piccadilly Circus, London, on Thursday. The ad highlighted the new Neo QLED TV's bright and colorful picture quality, as well as its impressive sound features. Samsung will roll out the 2023 TV products both in Korea and abroad starting March 9.

No immediate impact expected in easing inventory woes, but potential seems huge depending on marketability of big generative AI services

More than 7 in 10 cars sold by Hyundai Motor Group in the US were sport utility vehicles, according to the South Korean auto giant’s sales data unveiled Monday. In the first two months of this year, Hyundai Motor and its smaller affiliate Kia sold a combined 162,632 SUVs in the all-important US market, an equivalent of 70.7 percent of its total sales of 230,000 vehicles. Hyundai and its luxury sibling Genesis sold 86,718 SUVs, while Kia sold 5,914 SUVs. It is the first time that the SUV

SK Group said Monday that Chairman Chey Tae-won met with major business leaders in Spain, Portugal and Denmark to strengthen cooperation in green energy during his recent visit to Europe as a presidential special envoy. Chey had a meeting with Danish wind turbine company Vestas Chief Executive Officer Henrik Andersen on Thursday to discuss ways to expand the two sides’ cooperation in the offshore wind power sector. The SK chairman made various business proposals, including the two companie

South Korean confectionery company SPC Samlip said Monday it has signed an agreement with Siam Makro, an affiliate of Thailand’s largest conglomerate CP Group, to make a foray into the Thai bakery market. This is the first time that the Korean firm has teamed up with a local company for overseas operations. Under the agreement, the two companies will set up a joint venture for both production and distribution of bakery products in Thailand and push for other related projects together. Siam

South Korean shipping company HMM's containers wait for shipment at a Busan port on Friday to deliver relief goods for victims of the Turkey-Syria earthquake. The firm said Monday it has decided to offer its containers free of charge to help relief efforts, with the first batch of 50 containers departing last week. HMM also plans to ship an additional 150 container homes to the quake-hit regions later this month.

South Korean Trade, Industry and Energy Minister Ahn Duk-geun will meet with officials of major semiconductor companies, including Samsung Electronics and SK hynix, Tuesday to discuss countermeasures to the US CHIPS Act and its requirements, according to the ministry on Monday. The meeting aims to listen to domestic chipmakers’ needs and grievances regarding the conditions for the first US CHIPS for America funding opportunity for subsidies and come up with negotiation and support measures

Samsung, SK under greater pressure to join US-led chip value chain

More than 90 percent of real estate experts predicted a decline in housing prices this year, while 1 in 2 said the housing market could see a rebound next year, according to a KB Financial Group report released Sunday. The report said transaction prices of houses nationwide fell 1.8 percent last year, a first in 10 years. Daegu showed the highest decline with 5.2 percent, followed by Daejeon with 4.4 percent and the greater Seoul area with 2.7 percent. The number of transactions also plunged alm

South Korean biotech firm Samsung Bioepis is expanding into the global market with SB11, a biosimilar drug used to treat ophthalmologic diseases such as macular degeneration. According to industry sources on Sunday, SB11 was introduced to the Canadian market last Wednesday through its partner company Biogen, following an earlier launch in Germany on Feb. 23. SB11 references Lucentis, a drug developed by global pharmaceutical company Genentech. It received sales approval in Europe and the US unde

KITA says Korean exports not in line with changing consumer sentiment in China

S. Korean battery maker, US auto giant expected to establish joint battery plant with investment of up to W5tr: reports

Operation of factories in space will be the next big issue for space pursuers, head of Starburst Korea says

Korean restaurant chain operator Open Corp. said Friday it has recruited a seasoned sommelier as its new executive director to provide premium F&B services. With Kim Hyup taking office, the firm plans to foster some 300 sommeliers through internal employee training. "The company's goal in 2023 is to provide better service to many customers who enjoy gourmet culture. As a result, we will be reborn as a dining company that delivers satisfaction to customers through the largest sommel

SK Group Chairman Chey Tae-won (left), who doubles as chairman of the Korea Chamber of Commerce and Industry, talks with Denmark Prime Minister Mette Frederiksen at her office in Copenhagen, Friday, as he delivers President Yoon Suk Yeol’s personal letter asking for the European country’s support for Busan’s bid to host the 2030 World Expo. Chey has wrapped up his weeklong trip to Spain, Portugal and Denmark as a presidential special envoy.