MLOps startup Vessl AI eyes 50% sales from US in 2025

Vessl AI, a South Korea-native MLOps platform-operating startup, is envisioning a takeoff in the US next year after building a concrete client base ...

Will Samsung benefit from Nvidia’s new AI chip delays?

Samsung Electronics Co., the world’s top memory chipmaker, is expected to benefit from Nvidia Corp.’s delays in shipping AI chips, as gl...

S.Korean stocks log largest daily loss since pandemic

The South Korean stock market dropped more than 3% on Friday to breach the psychologically important barrier of 2,700 in almost two months, after we...

S.Korea, China's technology leak, anti-dumping disputes surge

South Korean companies are getting tough on anti-dumping and patent infringement cases as they feel threatened by the intensifying price competition...

Korea Investment manages Vista Land $50 mn global bond issuance

Korea Investment & Securities Co. announced on Thursday that its Hong Kong subsidiary KIS Asia managed the issuance of $50 million in global bon...

South Korea to develop gas-cooled reactor with POSCO, SK, Daewoo

South Korea has embarked on a 44.5 billion won ($32.3 million) project to jointly develop an advanced gas-cooled nuclear reactor with related domest...

Hyundai Motor chief Chung's unwavering support for Korean archery team

Hyundai Motor Group Chairman Chung Euisun’s love for archery is well-known in South Korea. The executive chairman of Hyundai Motor Co. and Ki...

KOMIPO wins Indonesia turbine maintenance project

Korea Midland Power Co. (KOMIPO) announced on Tuesday that a consortium consisting of its Indonesian subsidiary, KOMIPO Energy Indonesia (KEI), an...

Doosan Enerbility’s gas turbine orders top $720 mn with KOMIPO deal

Doosan Enerbility Co., a leading South Korean power plant engineering company, said on Monday it has clinched a 580 billion won ($418 million) deal ...

Samsung buys UK deep tech startup to boost AI business

Samsung Electronics Co., the world’s top mobile phone maker, will acquire Oxford Semantic Technologies, a British deep tech startup, to enhanc...

Hyundai Motor speeds up hydrogen bus charging business in Korea

South Korea’s Hyundai Motor Co. is set to become the largest shareholder of a local hydrogen-powered-vehicle charging station operator to boos...

Hyosung to sell its specialty gas unit for $943 mn to Korean PEs

South Korea’s Hyosung Group is poised to sell a 100% stake in its specialty and industrial gas unit to a consortium led by IMM Private Equity ...

Samsung Elec invests in US bio startup Element Biosciences

Samsung Electronics Co., the world’s top memory chipmaker, said on Friday it has invested in US biotech startup Element Biosciences Inc. to ex...

BOK chief signals rate cut; warns of rising housing prices

The time is ripe to prepare an interest rate cut as consumer prices are holding around South Korea’s target of 2%. But it remains uncertain wh...

Won to soften past 1,400, BOK rate cut likely in Oct: poll

The Korean won is forecast to continue its downward spiral and soften past the 1,400 threshold against the greenback this year, while the Bank of Ko...

LG Chem promises extra $14.4 million in aid over Indian gas leak

South Korea’s top chemicals maker LG Chem Ltd. said on Wednesday it will offer an additional 1.2 billion Indian rupees ($14.4 million) in huma...

Hyundai Rotem leads manufacture of next-generation railway

CHANGWON, South Gyeongsang Province – Engineers at Hyundai Rotem Co.'s rolling stock factory in South Korea have their hands full manufacturin...

S. Korea may join offshore wind alliance to take on China

South Korea is considering teaming up with a global body formed to cope with China’s rapid expansion in the world’s wind power industry ...

Meritz to return 50% of net profit to shareholders

Meritz Financial Group Inc. became the first South Korean financial holding company to unveil a concrete shareholder return plan, pledging to alloca...

HMM starts to demonstrate OCCS for vessles

South Korea's HMM Co. announced on Tuesday that it installed and initiated a demonstration of the Onboard Carbon Capture and Storage System (OCCS) f...

LG Uplus builds 1,000 kW solar power facility in Daejeon

South Korea's LG Uplus Corp. established a solar power facility to achieve carbon neutrality by 2050. LG Uplus announced on Sunday that it installe...

Kukdong Oil to build hydrogen gas plant in Ulsan

South Korea's Kukdong Oil & Chemicals Co. announced on Wednesday that it will construct the nation's largest hydrogen gas production facility ...

Shinhan Card, KakaoBank to team up for PLCC

South Korea's Shinhan Card Co. and the domestic internet bank KakaoBank Corp. said on Wednesday that they signed a business agreement to develop and...

Samsung, KB Kookmin Card launch IoT credit card

Samsung Electronics Co. announced on Thursday it launched an Internet of Things (IoT) credit card in collaboration with KB Kookmin Card. The card us...

POSCO gears up for carbon-free steelmaking with hydrogen

POHANG, North Gyeongsang Province – POSCO, the world’s seventh-largest steelmaker, is set to significantly reduce emissions in the produ...

Doosan Enerbility, Meralco to collaborate on energy projects

South Korea's Doosan Enerbility Co. announced on Wednesday that executives from Manila Electric Company (Meralco), the largest power company in the ...

Hyundai to transform Jeonju plant into hydrogen vehicle hub

Hyundai Motor Co., South Korea’s top automaker, will transform its commercial vehicle plant in the country into the manufacturing hub for its ...

SK Ecoplant seeks to absorb SK Materials' industrial gas units

SK Ecoplant Co., a South Korean construction engineering and waste management company, is seeking to absorb the profit-making subsidiaries of SK Mat...

Korea FX authorities, NPS raise currency swap limit to $50 bn

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, said on Friday it has agreed with foreign exchange...

K-Sure to support Korean firms' participation in Vietnam's gas project

Korea Trade Insurance Corp. (K-Sure) announced that it will leverage medium- and long-term financial support to assist domestic companies in partici...