3i's AI technology creates digital twins using smartphone photos

3i's AI technology creates digital twins using smartphone photos

Innovating industrial plants is often a difficult decision-making process for companies because changing a single piece of equipment requires a thor...

LG Chem to spend $2.2 billion to build 10 new eco-friendly factories

LG Chem to spend $2.2 billion to build 10 new eco-friendly factories

LG Chem Ltd., South Korea’s top chemical maker, said on Thursday it is spending 2.6 trillion won ($2.2 billion) to strengthen its green busine...

Doosan Infracore expands Middle East market share with more orders

Doosan Infracore expands Middle East market share with more orders

Doosan Infracore Co., a leading South Korean heavy machinery and construction equipment maker, secured more orders in the Middle East where rising c...

SK Bioscience to kick off phase 3 vaccine trials

SK Bioscience to kick off phase 3 vaccine trials

SK Bioscience Co. has received approval from South Korea’s Ministry of Food and Drug Safety (MFDS) for phase 3 clinical trials of its COVID-19...

KakaoBank falls out of Kospi top 10 on 3rd trading day

KakaoBank falls out of Kospi top 10 on 3rd trading day

KakaoBank Corp. has fallen out of the top 10 list on Kospi on Aug. 10, its third trading day, with Celltrion and Kia Corp. overtaking the company ag...

Nexon reveals upcoming 'super' games, eyes entertainment IPs

Nexon reveals upcoming 'super' games, eyes entertainment IPs

South Korea's leading game company Nexon Co. has unveiled a massive lineup of super games in development alongside plans to expand its intellectual ...

Mirae Asset step closer to full-fledged investment bank

Mirae Asset step closer to full-fledged investment bank

Mirae Asset Securities Co. has become South Korea's first brokerage company to boost its equity capital to 10 trillion won ($9 billion), taking a st...

F&F may pay $350 mn for TaylorMade without Korean sales license

F&F may pay $350 mn for TaylorMade without Korean sales license

South Korean outdoor clothing retailer F&F Co. may not be able to sell apparel of TaylorMade Golf Co. in the country even after a $350 million t...

Krafton locks up two-thirds of IPO shares amid price concerns

Krafton locks up two-thirds of IPO shares amid price concerns

Krafton Inc. has locked up more than 80% of its IPO shares allocated to institutional investors, in a move to prevent mass selling of its shares imm...

Korean Air hits milestone of 10,000 cargo-only passenger flights

Korean Air hits milestone of 10,000 cargo-only passenger flights

Korean Air Lines Co. (KAL) hit a milestone of having operated 10,000 cargo-only passenger flights as of Aug. 1, as the country’s top carrier g...

Current asset prices not irrational: Howard Marks

Current asset prices not irrational: Howard Marks

Many asset prices have skyrocketed to their highest-ever levels as interest rates remain historically low, but that does not mean their current valu...

Fashion app Queenit raises $9 mn from VC firms

Fashion app Queenit raises $9 mn from VC firms

Queenit, a South Korea-based fashion mobile platform targeting women in their 40s and 50s, has raised 10 billion won ($9 million) from venture capit...

Polysilicon drives up OCI’s Q2 profit to 10-year high amid solar cell boom

Polysilicon drives up OCI’s Q2 profit to 10-year high amid solar cell boom

OCI Co., a South Korean chemical and green energy company, on Wednesday reported that its quarterly profit has risen to the highest level in a decad...

Leeno Industrial hits 52-week high, eyes top 10 on Kosdaq

Leeno Industrial hits 52-week high, eyes top 10 on Kosdaq

The stock price of South Korea’s Kosdaq-listed electronic testing components maker Leeno Industrial Inc., previously a small company whose mar...

SK Biopharm aims to make it to global top 10 healthcare firms by 2030

SK Biopharm aims to make it to global top 10 healthcare firms by 2030

South Korea’s SK Biopharmaceuticals Co. said on Friday it aspires to become one of the world’s top 10 healthcare companies by 2030 with ...

Coway keeps No.1 spot in Malaysia’s water purifier market for 10 years

Coway keeps No.1 spot in Malaysia’s water purifier market for 10 years

South Korea’s home appliance rental service provider Coway Co. has maintained the top position in Malaysia’s water purifier rental marke...

Edge computing revolution to fuel Korea’s growth over the next decade

Edge computing revolution to fuel Korea’s growth over the next decade

Korea’s leading firms across multiple industries, from consumer electronics to agricultural equipment, are widening the use of edge computing ...

Hanwha to make satellite thrusters with Korea's aerospace institute

Hanwha to make satellite thrusters with Korea's aerospace institute

Hanwha Corp. will develop the bipropellant thruster, a key component for adjusting the satellite’s position in orbit, together with Korea Aero...

SK Chairman vows to achieve carbon neutrality ahead of 2050 UN target

SK Chairman vows to achieve carbon neutrality ahead of 2050 UN target

SK Group has pledged to achieve carbon neutrality prior to 2050, the year set by the United Nations (UN) to reach net-zero carbon emissions globally...

Korea Shipbuilding & Offshore wins $1 bn order to build 10 vessels

Korea Shipbuilding & Offshore wins $1 bn order to build 10 vessels

Korea Shipbuilding & Offshore Engineering Co. (KSOE) has won a 1.1 trillion won ($1 billion) deal to build 10 vessels, bringing its total ship c...

UK lifestyle brand Barbour enters legal battle with 10-year partner in Korea

UK lifestyle brand Barbour enters legal battle with 10-year partner in Korea

The recent decision by Barbour, the British lifestyle brand under J. Barbour & Sons Ltd., to transfer the rights to sell its products in South K...

Korea FoF manager widens offshore VC pool into UAE, Vietnam

Korea FoF manager widens offshore VC pool into UAE, Vietnam

The Korea Venture Investment Corp. (KVIC), a quasi-government agency established to support South Korean startups and venture capital industry, has ...

Naver to gain toehold in OTT market via CJ ENM

Naver to gain toehold in OTT market via CJ ENM

South Korea's Naver Corp. is expanding its footprint into the over-the-top (OTT) media service market by acquiring a stake in CJ ENM Co.'s OTT platf...

Luxury goods platform MUST'IT raises over $10 mn from VC firms

Luxury goods platform MUST'IT raises over $10 mn from VC firms

South Korea-based luxury goods platform MUST'IT has secured 13 billion won ($11.7 million) in a bridge round from venture capital firms Kakao Invest...

Korea’s OCI to return to highest profit in decade on rising polysilicon prices

Korea’s OCI to return to highest profit in decade on rising polysilicon prices

OCI Co., a South Korean chemical and green energy company, has been in the red for years, weighed by weak prices of its mainstay product polysilicon...

Eight of top 10 Korean conglomerates betting on hydrogen

Eight of top 10 Korean conglomerates betting on hydrogen

There was a time when virtually all major South Korean firms were racing to make something big and heavy. Power plants, offshore oil and gas constru...

POSCO revises up sales target after Q1 profit rises to 10-year high

POSCO revises up sales target after Q1 profit rises to 10-year high

South Korea’s largest steelmaker POSCO said on Monday it’s raising this year’s sales target by 17.5% after posting its highest q...

Facebook's operating profit surges sixfold in S.Korea; tops $10 mn

Facebook's operating profit surges sixfold in S.Korea; tops $10 mn

Last year's South Korea-based earnings for some global IT firms were disclosed publicly for the first time only this year, following a revision to...

SoftBank-backed Balance Hero raises $10 mn in debt funding from India

SoftBank-backed Balance Hero raises $10 mn in debt funding from India

South Korean fintech startup Balance Hero has raised around $10 million in debt funding led by the India-based non-banking financial company (NBFC) ...

SK Bioscience’s $1.3 bn IPO generates $10 mn in underwriting fees

SK Bioscience’s $1.3 bn IPO generates $10 mn in underwriting fees

The initial public offering of SK Bioscience Co. was priced at the upper end of its price band of 65,000 won ($57.3) per share on Monday to raise 1....

S.Korean game developer Krafton acquires Japan’s ADK for $517 million S.Korea's stablecoin frenzy fuels stock rally despite regulatory uncertainty SK Hynix joins Samsung in 200 trillion won market cap club Samsung on hiring spree to bolster US foundry sales LS Electric poised to join Nvidia's supply chain via Vertiv deal