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Scope
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Energy
Seesawing refining margins cloud Korean refiners’ earnings
The outlook on South Korean oil refiners' earnings in the fourth quarter has turned murky as oil refining margins are back on a downward trend ami...
Oct 12, 2023 (Gmt+09:00)
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Travel & Leisure
Seoul to launch AI chatbot service for foreign visitors' tour planning
Seoul city government is in talks with tech firms including Google LLC, Microsoft Corp. and Naver Corp. to provide foreigners with artificial intell...
Oct 11, 2023 (Gmt+09:00)
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Cloud computing
Amazon bets big on Korea digital transition with new spending
Amazon Web Services Inc. (AWS), the world's largest cloud platform provider, said on Wednesday it will nearly triple its investment in South Korea t...
Oct 11, 2023 (Gmt+09:00)
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Retail
Over 12,000 S.Korean SMEs enter Taiwan through Coupang
South Korea's e-commerce leader Coupang Inc. announced on Wednesday that more than 12,000 small- and medium-sized enterprises (SMEs) have entered Ta...
Oct 11, 2023 (Gmt+09:00)
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Entertainment
CJ ENM launches AI sound source service
South Korean entertainment giant CJ ENM Co. introduced "Viodio: CJ ENM Air," an AI sound source service that makes it easy to utilize AI-generated m...
Oct 10, 2023 (Gmt+09:00)
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Aerospace & Defense
LIG Nex1 signs agreement with Megazone Cloud, AWS
South Korea's LIG Nex1 Co. announced on Thursday that it has signed a memorandum of understanding for the future space, defense cloud transition wit...
Oct 05, 2023 (Gmt+09:00)
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Cloud computing
SK Telecom launches ICT infrastructure device
SK Telecom Co. on Wednesday said it launched Cloud Appliance, a cloud infrastructure device based on an ARM chipset.The company applied its virtuali...
Oct 05, 2023 (Gmt+09:00)
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Tech, Media & Telecom
SK Telecom enters Japan's pet care market
South Korea’s SK Telecom Co. has entered the Japanese pet market using its innovative artificial intelligence (AI) under a tie-up with Japan&r...
Oct 04, 2023 (Gmt+09:00)
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Electronics
Samsung to launch cloud gaming service for Galaxy users
Samsung Electronics Co., the world’s top smartphone maker, is set to unveil a cloud gaming service for mobile devices as it seeks new profit s...
Oct 02, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Samsung, Japan's KDDI co-work for 5G network slicing tech
Samsung Electronics Co. announced on Wednesday that it has signed a business agreement with Japanese mobile communications company KDDI to jointly d...
Sep 27, 2023 (Gmt+09:00)
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Banking & Finance
Korean Hana ties up with Saudi EXIM Bank for Middle East biz
Hana Financial Group, South Korea’s third-largest financial holding company, joined hands with the Saudi Export-Import Bank to expand its mark...
Sep 27, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus invests $7.4 mn in S.Korean edu-tech startup
South Korea’s No. 3 wireless carrier LG Uplus Corp. on Tuesday said it will make an equity investment of some 10 billion won ($7.4 million) in...
Sep 27, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Korean Air may give up Asiana’s cargo business, 4 routes for EU approval
Korean Air Lines Co. may give up the cargo business of Asiana Airlines Inc. and four of its lucrative routes in Europe in an all-in bet as the marri...
Sep 25, 2023 (Gmt+09:00)
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Robotics
Kyochon Chicken launches pilot robot delivery service
South Korean food operator Kyochon F&B, known for its premier Kyochon Chicken brand, is trialing a robot delivery service until October 30 in pa...
Sep 22, 2023 (Gmt+09:00)
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Construction
Hyundai E&C, Naver Cloud to develop futuristic healthy housing model
South Korea's Hyundai Engineering & Construction (E&C) on Thursday announced its signing of a deal with Naver Cloud on cooperation in the de...
Sep 21, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG CNS, IGIS to collaborate in new biz for digital transformation
South Korea's information and communications technology service provider LG CNS on Wednesday said it will cooperate with the Seoul-based IGIS Asset ...
Sep 21, 2023 (Gmt+09:00)
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K-pop
All seven BTS members to renew contracts with HYBE
All seven members of BTS are set to renew contracts with their current label HYBE Co. for the second time, allowing their fans across the world to e...
Sep 20, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Naver Smart Store's 100 mn won club reaches 45,000 members
Around 45,000 sellers on South Korea's Naver Smart Store as of June raked in annual sales of 100 million won ($72,250) or more, or 7.9% of the overa...
Sep 20, 2023 (Gmt+09:00)
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Fintech
Kakao Pay’s tie-up with Alipay spurs growth in China
BEIJING – Kakao Pay Corp., the mobile payment service unit of South Korean tech giant Kakao Corp., is rapidly growing in China’s fintech...
Sep 20, 2023 (Gmt+09:00)
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Fintech
Naver Pay to be available at all Alipay merchants in China
Naver Pay, the simple payment service of South Korea's Naver Financial, announced on Tuesday that it will start offering Naver Pay Money and Point Q...
Sep 19, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Korean B2B cloud computing firm BusinessOn up for sale
BusinessOn Communication Co., a leading cloud computing firm listed on the junior bourse Kosdaq, is open to a sale of its controlling stake for arou...
Sep 19, 2023 (Gmt+09:00)
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Fintech
Alipay’s Ant becomes No.2 shareholder of S. Korea’s Toss Payments
Ant Group Co., the operator of China’s biggest mobile payment platform Alipay, has become the second-largest stakeholder of Toss Payments, the...
Sep 18, 2023 (Gmt+09:00)
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Logistics
Coupang to host business briefing on Taiwan market entry
South Korea's e-commerce leader Coupang Inc. announced on Friday that it plans to conduct a business briefing focused on aiding domestic small and m...
Sep 15, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus pet care platform's subscribers exceed 300,000
South Korea's LG Uplus Corp. announced on Thursday that its pet service platform ForDong has garnered over 300,000 subscribers just 14 months sinc...
Sep 14, 2023 (Gmt+09:00)
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Artificial intelligence
Naver, Hotel Shilla to collaborate for AI and cloud
South Korean leading luxury hotel and retail operator Hotel Shilla has entered into a strategic partnership with internet giant Naver Corp. The coll...
Sep 12, 2023 (Gmt+09:00)
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Cloud computing
SK Telecom's solution slashes cloud operating costs up to 40%
South Korea's SK Telecom Co. on Monday said it launched an optimization solution based on Amazon Web Services (AWS) that slashes cloud operating cos...
Sep 12, 2023 (Gmt+09:00)
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Artificial intelligence
KT, SingPost to team up for AI-based digital logistics
South Korea's KT Corp. announced on Monday that it has signed a memorandum of understanding (MOU) with Singapore Post (SingPost), a state-run postal...
Sep 11, 2023 (Gmt+09:00)
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Tech, Media & Telecom
SK Broadband launches hybrid quantum security service
South Korean internet service provider SK Broadband on Tuesday said it launched the country’s first dedicated line service that supports the o...
Sep 06, 2023 (Gmt+09:00)
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Metaverse
Netmarble, Hana Financial team up for metaverse service
South Korean game company Netmarble Corp. announced on Monday that it will partner with Hana Financial Group to develop new financial experiences an...
Sep 04, 2023 (Gmt+09:00)
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Robotics
Samsung Welstory unveils robots for company cafeterias
South Korean food and beverage company Samsung Welstory Inc. is forming a robotic process automation (RPA) ecosystem in the food service sector. In ...
Sep 01, 2023 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet