Korea’s SFA Engineering aims for top spot in smart factory market
SFA Engineering Corp., a small South Korean equipment maker, has for decades been known for its automated machines used in the manufacture of displa...
Samsung Elec. proposes global research for 6G frequencies
Samsung Electronics Co., South Korea’s tech behemoth, has put forward global research on 6G service frequencies as it aims to take the lead in...
Fabless startup FADU eyes unicorn status with $157 mn funding
FADU Technology, a fabless startup that develops architecture for solid-state drive (SSD) controllers and storage products, is seeking to raise 200 ...
Doosan Enerbility turns around with reform, new orders
South Korea's major power plant builder Doosan Enerbility Co. has significantly improved its financial health, with its debt-to-equity ratio tumblin...
Korea April inflation hits 13-1/2-year peak; bond yields up
South Korea’s consumer prices in April rose at the fastest pace since the 2008-09 global financial crisis, reinforcing expectations of further...
LG CNS eyes 2023 IPO to pave way for Macquarie's exit
South Korea's LG CNS Co., 35% owned by Macquarie Group, sent requests for proposals to brokerage companies on Monday as it is looking to go public n...
Hyundai Heavy's engine unit emerges as golden goose
Hyundai Heavy Industries Co., a South Korean shipbuilding giant, is seeing its marine engine business unit emerge as the company’s cash cow.Th...
Naver Webtoon’s global users quadruple in 5 years on localization
Naver Webtoon Corp., the digital comics and novel platform of South Korea’s online portal giant Naver Corp., saw users nearly quadrupling in f...
Following Japan’s economic decline
When it comes to the economy, would it be faster for South Korea to surpass Japan or be surpassed by Taiwan?Recently, all eyes are on the three East...
Korean won at 2-year low, adding to inflationary pressure
South Korea’s won currency skidded to the lowest level in more than two years on Thursday, adding to fears over growing inflationary pressure ...
Retail investment amount in startups triples on-year in Q1
South Korea’s retail investors are increasingly more bullish in startups than in manufacturing or retail firms. The Ministry of SMEs an...
Office deals in Seoul, Bundang surge 45% on-year in Q1
The office building deals in Seoul and neighboring Bundang Business District (BBD) reached 3.1 trillion won ($2.5 billion) during the first quarte...
LG Chem becomes 1st Korean long-term renewables buyer
LG Chem Ltd. has become the first South Korean company to buy renewable energy on a long-term basis as part of an effort to make a full switch to re...
Korea Post to tap two GPs for global ESG bond ETFs
Korea Post, South Korea's state-run postal service agency, said on April 21 that its insurance arm will select a maximum of two asset managers for...
LG Magna breaks ground for EV parts factory in Mexico
LG Magna e-Powertrain Co. broke ground on Tuesday for a factory to produce electric vehicle components in Mexico to meet the growing demand for eco-...
Korean firewater lures more young Japanese
South Korea’s distilled spirit soju is alluring more young drinkers in Japan, the home of its rival liquor shochu, as K-content such as drama ...
SUV, minivan sales reach 52% of car market in Q1
Sales of leisure vehicles in South Korea, primarily sport utility vehicles (SUVs) and minivans, exceeded half of domestic finished car sales in the ...
Pokémon stickers are back for nostalgic Koreans
SEOUL—Jeong Bo-ram’s new fascination has him chasing mass-produced pastries, delivery trucks—and his childhood memories.His targets ...
Korean refiners: Lubricating the future of electric vehicles
With the rise of electric vehicles globally, South Korea’s major oil refiners are jockeying to become leading suppliers of lubricants and cool...
Hanssem to remodel itself into 'living tech' company
South Korea’s furniture maker Hanssem Co. unveiled its mid-to-long-term business strategy to institutional investors on Friday. During it...
SK Ecoplant's pre-IPO enjoys attention from wealthy individuals
The pre-initial public offering of SK Ecoplant Co., formerly known as SK Engineering & Construction Co., is becoming a hot topic in private bank...
Kia chooses Coupang as first partner for purpose-built vehicle rollout
Kia Corp., South Korea’s second-largest automaker, has chosen Coupang Inc. as its first partner for the production of a purpose-built vehicle ...
NCSOFT unveils AI dataset to rival hyperscale language models
NCSOFT Corp. unveiled an artificial intelligence (AI) conversation dataset it developed with Korea University’s research center on Thursday....
Naver aims to attract 1 bn users via active M&As by 2027
Naver Corp. vows to attract 1 billion users around the world and generate 15 trillion won ($12.2 billion) in five years. Only FAANG companies...
Musinsa seeks to buy Japan-focused rival fashion platform
South Korea's top online fashion platform Musinsa is in the last stages of talks to acquire a domestic rival that caters primarily to Japanese shopp...
Hyundai’s Chung named auto industry Visionary of the Year
Hyundai Motor Group Chairman Chung Euisun was named the automobile industry's Visionary of the Year by Newsweek, which credited him for driving tran...
Netmarble, NCSoft, Kakao, DoubleUGames on top publisher list
South Korea’s major tech companies such as Netmarble Corp., NCSoft Corp., Kakao Corp. and DoubleUGames were selected among the world’s m...
Samsung Heavy set for 2023 turnaround after eight years of losses
Samsung Heavy Industries Co., one of South Korea's Big Three shipbuilders, was once on the list of assets its parent Samsung Group wanted to sell to...
Low-carbon energy costs to haunt airlines from 2025
The European Union's tougher emission standards are creating a new headache for airline companies, which are raising their international flights to ...
Hanwha breaks ground on howitzer plant in Australia
South Korea’s Hanwha Defense Co., the world’s top self-propelled howitzer producer, has kicked off the construction of its first oversea...
