SwatchOn connects fabric wholesalers to overseas fashion designers

“We had the overseas market in mind from the get-go,” global fabric sale platform SwatchOn’s CEO Lee Woo-seok told The Korea Econo...

Hancom to launch South Korea’s first private satellite

Hancom InSpace, an affiliate of Hancom Group, announced on Wednesday it will launch South Korea’s first private satellite for Earth observatio...

Startup accelerator D.Camp opens Busan office

For the first time, South Korea’s startup accelerator D.Camp has opened an office in the port city of Busan. The joint effort between D...

SK, BlackRock team to bet on EV charging station maker

  SK Inc., the holding company of South Korean conglomerate SK Group, has committed to invest $5 million in US electric vehicle charging stati...

Hyundai Rotem to kick off liquid hydrogen fueling station project

Hyundai Rotem Co., a South Korea’s railway system maker under Hyundai Motor Group, said on Friday that it has won a demonstration project to b...

Yoon administration to launch strategic committee for semiconductors

President-elect Yoon Suk-yeol’s transition team announced Thursday it is considering a joint public-private committee that will be in charge o...

Boryung takes 'health is wealth' to whole new level – space

South Korean biotech and pharmaceutical companies are expanding their footholds in the global space medicine market. Boryung, formerly Boryung Pharm...

SK tipped to be Korea's 1st group to issue digital coins

SK Square Co., the investment arm of SK Group, is working on issuing its own digital currency within the year, according to people with knowledge of...

Korean ad agencies vying for bigger slice of virtual space

South Korean advertisement agencies, led by Innocean Worldwide Inc. and Cheil Worldwide Inc., are stepping up efforts to acquire digital technology ...

Korea Hana teams up with British developer Nick Candy in Chelsea bid

South Korea’s Hana Financial Group has joined the race to buy English Premier League club Chelsea in a consortium with British property develo...

Korea sets Nuri space rocket’s second launch for mid-June

South Korea will make a second attempt to launch its first domestically designed and developed space rocket Nuri in mid-June after an earlier attemp...

Hyundai to set up EV chargers at Shell gas stations

Hyundai Motor Co. plans to set up chargers for electric vehicles at gas stations of Shell Inc. worldwide as South Korea’s top automaker aims t...

Lotte says to become the norm in metaverse retail space

Lotte Group Chairman Shin Dong-bin is so determined to make the metaverse the group's next playing field that he recently proposed a metaverse meeti...

Defense giants eager to bolster satellite business

In the era of space privatization, satellites are the driving forces.South Korea’s main defense systems makers are turning away from arms expo...

Lotte Group aims for top spot in metaverse retail space

Lotte Group Chairman Shin Dong-bin is known for his obsession with new tech gadgets.He’s one of those early adopters in South Korea of the Ocu...

Telecom giant KT to develop its own NPU, AI ecosystem

Telecommunications giant KT Corp. announced concrete plans to launch its artificial intelligence infrastructure business by joining forces with indu...

Hyundai Oilbank to build LNG-hydrogen power plant for $335 mn

South Korean refiner Hyundai Oilbank Co. plans to build an eco-friendly power plant fueled with liquefied natural gas (LNG) and blue hydrogen to mee...

Dunamu, Naver Z invest $8.5 mn in metaverse firm Persona Space

Persona Space, a subsidiary of South Korean metaverse company Galaxy Corp., said on Dec. 16 it has attracted 10 billion won ($8.5 million) investm...

K-startups take note of growing demand for 'meta fashion'

Meta fashion, a combination of fashion, metaverse, and NFT, is becoming a global trend. The MZ generation, as those in their 20s and 30s are ca...

Krafton enters metaverse space with investment in Naver’s Zepeto

Krafton Inc., one of South Korea’s major game developers, is entering the metaverse space by investing 5 billion won ($4.2 million) in Zepeto,...

Proptech platform Olim Planet eyes 2022 Kosdaq IPO

Olim Planet, a South Korean property technology startup, has begun the process to go public on the junior Kosdaq market as early as the second half ...

Sustainable packaging firm SUPASO wins grant, office space via D.DAY event

D.CAMP, Korea’s non-profit foundation focused on helping young entrepreneurs, has joined forces with SK ecoplant Co., Ltd. to find promising...

Genesis House New York: An oasis in Manhattan

Hyundai Motor Co., South Korea’s top automaker, is opening Genesis House New York, a sophisticated showroom, in the trendy Meatpacking Distric...

Hyundai's Genesis beats Lexus' selling price in US

The rising demand for high-end vehicles, despite dwindling production caused by semiconductor shortages, are driving new vehicle prices to record hi...

Korea’s Nuri: Mission unaccomplished, but one step closer to space

South Korea has launched its first domestically designed and developed space rocket Nuri, but failed to put a satellite into orbit, thwarting its bid ...

Tesco ordered to return $160 mn to MBK over Homeplus deal

Tesco Plc, the UK's largest retailer, was recently ordered by an international arbitration court to return £119 million ($163 million) to MBK ...

S.Korea’s first homegrown space rocket Nuri set for October launch

South Korea will be the seventh country in the world to launch a space rocket with homegrown technologies. The long-awaited Nuri, or Korea Space Launc...

Naver bets on SoftBank's e-book company to reclaim lead in Japan

South Korea’s major portal operator Naver Corp. is looking to firm up its partnership with SoftBank Group Corp. and increase its presence in J...

Software giant Hancom joins space race with satellite launch

South Korean software and ICT conglomerate Hancom Group will be the first private company in the country to launch a micro-satellite, or a satellite...

Hyundai Heavy, Babcock join forces for Korea’s first aircraft carrier

Hyundai Heavy Industries Co. teamed up with British engineering company Babcock International to develop South Korea’s first aircraft carrier....