The Kia Sorento has become the best-selling car in South Korea this year, marking the first time a recreational vehicle has led domestic car sales. As of November, the Sorento recorded 85,710 units sold, according to data from Korea’s five automakers. Following closely were Kia’s Carnival with 75,513 units and Hyundai’s Santa Fe with 70,912 units, highlighting a significant shift in consumer preferences toward RVs. This marks a milestone for Kia, which has been part of Hyundai

The American Chamber of Commerce in Korea hosted a seminar in Seoul on Tuesday to discuss strategies for creating a patient-centered health care ecosystem and fostering medical innovation between Korea and the US. Now in its 15th year, the annual seminar brought together over 150 participants, including government officials, industry leaders and patient advocacy groups, to discuss building a patient-centered “K-Healthcare” environment through public-private collaboration and Korea-US

Renault Korea’s latest hybrid sport utility vehicle, the Grand Koleos, has secured a 30 percent share in the domestic mid-size SUV market in just two months since its rollout. Launched in August, the Grand Koleos E-Tech Hybrid sold 5,296 units in October, boosting Renault Korea’s total hybrid vehicle sales this year to 11,110 units -- a 634 percent jump from the same period last year. Powered by Renault’s E-Tech Hybrid system, the Grand Koleos combines a gasoline engine with d

South Korean design software developer Zyx Technology announced Friday that it had signed a memorandum of understanding with TMA Solutions to strengthen global collaboration and expand into the Vietnamese market. The agreement was finalized during a meeting in Seoul on Tuesday between Zyx Technology co-CEOs, Choi Jong-bok and Eom Shin-jo, and Park Hyo-geun, head of TMA Solutions’ Korea office. Established in 1997, TMA Solutions is a leading software outsourcing provider specializing in art

Korean logistics company LX Pantos has signed a memorandum of understanding with Guiyang Logistics, a state-owned enterprise in southwestern China, to strengthen transport networks and enhance logistics services. LX Pantos CEO Lee Yong-ho and Hu Zhongxiong, secretary of the Communist Party of China Guiyang Municipal Committee, finalized the deal following their meeting in Seoul on Thursday. Discussions centered on expanding logistics collaboration between South Korea and China, the company said.

The Gyeonggi Content Agency’s Pangyo Gyeonggi Culture Creation Hub has become a key platform for supporting female-led startups in the content and ICT fusion sectors, reflecting a growing influence of women entrepreneurs in reshaping South Korea’s competitive content industry. Since the center's establishment in 2014, K-content and AI-driven platforms have grown in tandem over the past decade, creating synergies with startups and SMEs at the forefront of this evolution. “As Sou

Korean food giant CJ CheilJedang has launched its first instant fried rice product in the United States, the company said Thursday, as part of its efforts to meet rising global demand for Korean ready-to-eat meals. The new product, Bibigo Korean BBQ Fried Rice, is the company’s first in the shelf-stable fried rice category in the US, and looks to replicate the popularity of its frozen fried rice line in Korea. The fried rice is seasoned with Korean barbecue sauces and uses brown rice as it

Kyobo Life Insurance, one of Korea’s leading life insurers, has launched a new life insurance plan that combines the benefits of whole life insurance with added lifetime protection for cancer and long-term care. The “Kyobo Cancer and Whole Life Care Insurance” provides financial support for policyholders diagnosed with cancer or requiring long-term care. During the premium payment period, the plan guarantees a full refund of premiums paid under the main contract, while waiving

Korean steelmaker Hyundai Steel introduced its new mascot Yonggangi on Tuesday. Yonggangi, named after “yonggang,” which means purified molten iron in Korean, symbolizes the value of the steel industry and embodies a dynamic corporate culture, the company said. The mascot is portrayed as a people-loving guardian of the company’s facilities and processes who was born in the steel mill and grows alongside the employees. Known for its friendly personality, the character eagerly pa

Mercedes-Benz’s Corporate Social Responsibility Committee said Monday that it has donated 500 million won ($358,000) to establish a specialized child protection center, aimed at protecting abused children and preventing further abuse. The funds, raised through the 11th Mercedes-Benz Give ’n Race charity event, will be fully allocated to the Incheon Child Protection Center to be built in Seo-gu, Incheon. A donation ceremony was held at Incheon Metropolitan City Hall on Monday, attende

Hyundai Capital Services, the financial arm of Hyundai Motor Group, announced Monday the official launch of its Australian subsidiary, Hyundai Finance Australia, marking its 12th overseas expansion in automotive financing. The new entity will provide tailored financial solutions for Hyundai Motor customers in Australia, offering a wide range of products such as installment plans for new and certified pre-owned vehicles. Among its offerings is the flagship Guaranteed Future Value program, which p

Hanjin Logistics Corporation said Friday it has signed a strategic partnership agreement with DHL Supply Chain Korea, to strengthen collaboration in logistics operations and expand its network in South Korea. The agreement will focus on key industries, including pharmaceutical, semiconductor, consumer goods, automotive and eco-friendly logistics, the company said. Through the partnership, the two companies plan to jointly target new customers, improve logistics efficiency for existing clients, a

South Korean biosimilar giant Celltrion announced Friday that its biosimilars, Stoboclo and Osenvelt, have been approved by the Ministry of Food and Drug Safety. The two biosimilars, referencing Amgen’s Prolia and Xgeva, respectively, are the first denosumab biosimilars to be approved in Korea. Prolia is used to treat osteoporosis in postmenopausal women and increase bone density in men, while Xgeva is prescribed to prevent skeletal-related complications in cancer patients with bone metast

Mercedes-Benz Korea announced Thursday that it invited nine promising Korean startups to its headquarters in Stuttgart, Germany, earlier this month as part of its efforts to foster global growth opportunities for innovative companies. The five-day program, held in collaboration with the Korea University Research and Business Foundation, Sejong, ran from Nov. 11 to Nov. 15. The selected startups toured Mercedes-Benz’s Sindelfingen plant and the Mercedes-Benz Museum to learn about the automa

KG Mobility’s compact SUV Tivoli has surpassed 300,000 units sold in South Korea, with its global cumulative sales exceeding 420,000 units since its debut in 2015. The Tivoli has gained traction for its affordability, practical designs and consistent updates, making it a popular choice for first-time SUV buyers and young drivers. In its first year, the car captured 54.7 percent of the domestic compact SUV market, which grew from 28,000 units in 2014 to more than 82,000 units by 2015. As of