KT’s 2023 sales rise to all-time yearly high on wireless, internet business

South Korea’s leading telecommunications company KT Corp. on Thursday posted record annual sales revenue for 2023, buoyed by steady growth in ...

Lotte Rental, KB Capital to co-work for car rental

Lotte Rental Co., South Korea's largest car rental firm, has signed a strategic memorandum of understanding (MOU) with the domestic financial comp...

Doosan to form $75 mn fund for new techs

Doosan Investment, the corporate venture capital (CVC) arm of South Korea's Doosan Group, has formed a 100 billion won ($75 million) fund, focusin...

One Store attracts $50 mn investment from Digital Turbine

South Korean homegrown app store One Store Co. has attracted a $50 million investment from the Nasdaq-listed US-based mobile platform company Digi...

LG Elec, Upstage to form partnership for on-device AI

South Korea’s artificial intelligence startup Upstage said on Tuesday it has signed a memorandum of understanding with LG Electronics Inc. to ...

Rebellions, Superb AI partner to bolster vision AI

South Korea’s fabless AI chip startup Rebellions Inc. has joined hands with Y Combinator alumnus-led Superb AI Inc., an AI training data platf...

SK Telecom gears up for AI leap in 2024

SK Telecom Co., South Korea’s largest mobile carrier, will expedite its transition into an artificial intelligence company this year after its...

Naver Cloud, NHN Cloud to co-work for hyperscale AI

South Korea's Naver Cloud, the cloud computing unit of Naver Corp., and NHN Cloud Corp., announced on Monday that they have signed a memorandum of u...

HD KSOE seeks to build nuclear power plant ships

HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) is hastening to advance into the nuclear power plant ship market in collaboration wit...

Naver Cloud launches real-time streaming feature

South Korea's Naver Cloud, the cloud computing arm of Naver Corp., announced on Friday that it has launched a "real-time streaming" feature for "CLO...

Naver expands Papago with Arabic translation, boosting global reach

South Korea's leading online portal Naver Corp. announced on Friday the addition of Arabic translation capabilities to its AI-driven translation ser...

Kakao launches AI-based blood sugar management solution

South Korea’s Kakao Healthcare Corp. has introduced an artificial intelligence-based blood sugar management solution targeting the global digi...

HD Hyundai to supply low carbon solution to POSCO

HD Hyundai Marine Solution Co., a ship components manufacturer, said on Thursday it has agreed to supply an artificial intelligence- and big data-ba...

Korean LPs seek private equity secondaries amid liquidity crunch

Secondary strategy is South Korean institutional investors’ top pick for private equity investments for two straight years, a survey showed. Man...

EcoPro partners with Cirba Solutions for battery recycling

South Korean battery materials manufacturer EcoPro Co. said on Thursday that it has signed a memorandum of understanding (MOU) with the US-based l...

Hyundai Dept. Store launches membership for foreigners

South Korea's Hyundai Department Store Group announced on Thursday that it launched H Point Global, a dedicated membership service for foreign cus...

SGC eTEC, OCIM to co-work for green biz in Malaysia

South Korea’s SGC eTEC E&C Co. said on Thursday that it signed an agreement with OCIM, OCI Holdings Co. 's Malaysian subsidiary, to join...

SK Networks ties up with US-based Bow Capital for investments

SK Networks Co., a South Korean trading company, joined hands with Silicon Valley-based venture capital firm Bow Capital for investment cooperation,...

Huneed, DTC to co-work for military radio equipment

South Korea's Huneed Technologies announced on Tuesday that it has signed a teaming agreement with the UK-based Codan Communications DTC. The two c...

LG Energy Solution's ESS division posts first-ever profit

LG Energy Solution Ltd.'s energy storage system (ESS) division posted its first-ever profit on the back of growing replacement demand and new constr...

Rebellions raises $124 mn to co-develop AI chip with Samsung

South Korean fabless artificial intelligence chip startup Rebellions Inc.’s plan to co-develop the next-generation AI chip with the world&rsqu...

Baidu’s AI Ernie to power Samsung Galaxy S24 in China

Samsung Electronics Co.'s latest smartphone series Galaxy S24 to be released in China will feature Baidu Inc.’s Ernie Bot artificial intellige...

LG Elec unveils OLED TV featuring world-renowned AI artist in US

LG Electronics Inc. collaborated with world-renowned artificial intelligence (AI) artist Stephanie Dinkins to showcase art pieces that explore commu...

Carrier releases large inverter air conditioner combining AI, inverter tech

Carrier Corp. announced on Monday that it will release a large inverter air conditioner, combining artificial intelligence (AI) and inverter technol...

LG to unveil commercial display solutions at ISE 2024

LG Electronics Inc. said on Friday it will unveil a cloud platform for business-to-business (B2B) customers of commercial displays at Integrated Sys...

Bespin Global supplies AI chatbot to Gimpo Int’l Airport

South Korea's cloud solution provider Bespin Global announced on Friday that it has supplied its interactive artificial intelligence (AI) platform H...

Samsung flexes AI chip muscles ahead of Altman visit

Samsung Electronics Co. will go all out to win the AI chip race with its most advanced AI memory chip products, its semiconductor business head said...

SK Hynix swings to profit; sees 60% surge in HBM demand

SK Hynix Inc. turned a profit in the last quarter of 2023, reversing losses over the past four quarters as high-performance chips such as doubl...

LG Energy to invest in Li-metal battery developer Sion Power

Global lithium-ion battery major LG Energy Solution Ltd. will invest in Sion Power Corp., a US startup holding core patents in lithium-metal battery...

Nike looks to lure Korean customers with Naver’s generative AI ad platform

Nike Inc., the leading global sportswear brand, has launched an advertising campaign in South Korea on the generative artificial intelligence (AI) a...