Samsung SDS joins hands with Amazon for global cloud business
Samsung SDS Co., South Korea’s information technology service company, is set to expand its global cloud service business in cooperation with ...
APG urges Samsung, other Korean carbon emitters to take action
Europe’s largest pension fund manager APG has urged Samsung Electronics Co. and nine other major South Korean companies to drastically cut the...
Korean biotech startup signs license deal with US firm
South Korea's biotech startup Novelty Nobility Inc. has signed a global license agreement for its antibody treatment candidate with a US biopharmace...
Ukraine woes, global tightening knock down Asian stocks
Asian stock markets lost ground on Monday with South Korea’s main shares down to their lowest level in more than two weeks as rising tensions ...
Samsung regains top spot in SE Asia smartphone market
Samsung Electronics Co. outpaced Chinese rival Oppo last year to regain the top spot in the smartphone market in four major Southeast Asian countrie...
Samsung’s Galaxy S22 Ultra: Setting new smartphone standard
Samsung Electronics Co. on Wednesday announced new additions to its Galaxy S series models as the world’s top smartphone maker by volume faces...
Conglomerates fight to keep their contents from 'NFT hunters'
South Korea’s retail giant Shinsegae Inc. was recently tipped off that its marketing character JRilla is available for trade on New York-based...
Seoul launches investment promotion agency for FDI expansion
The city of Seoul launched Invest Seoul on Feb. 7, an investment promotion agency (IPA) to attract foreign investment and overseas companies. The ca...
Saudi sovereign wealth fund buys 5% stake in Nexon
Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) has bought a 5% stake in online game developer Nexon Co., the gaming...
Celltrion, Humasis to ship $300 mn COVID-19 test kits to US
South Korea's biopharmaceutical company Celltrion Inc. and diagnostic kit manufacturer Humasis Co. have signed contracts to supply their jointly-dev...
Korea's Toss targets SE Asia, Japan with super app
South Korea's mobile financial platform Toss is evolving from a payment service app into a full-fledged financial service provider, or a super app, ...
Hyundai, Kia post record US car sales as Japanese firms struggle
Hyundai Motor Co. and Kia Corp., the two automaking units of Hyundai Motor Group, saw their combined auto sales in the US rise to their highest leve...
Samsung SDI in talks with global automaker for battery joint venture
South Korea’s Samsung SDI Co. is in talks with a global automaker to launch a battery production joint venture following its partnership last ...
US survey findings on chip shortage rattle global chipmakers
The US government’s release on Tuesday of its findings on the reasons behind the global chip shortage is raising concerns among chipmakers, wi...
LG Group invests $21 mn in vegan egg maker Eat Just
LG Group plans to invest 25 billion won ($21 million) in California-based plant-based food maker Eat Just, Inc. The news follows an announcement by ...
Hyundai Motor vows $7.7 billion investment after record 2021 revenue
Hyundai Motor Co. said on Tuesday it will spend a record 9.2 trillion won ($7.7 billion) this year to ramp up facilities for electric cars and other...
Korea to see second month of trade deficit
South Korea is slated to see a trade deficit for a second straight month in January for the first time since the 2008-09 global financial crisis on ...
Hyundai, Kia lead rivals in 2022 US best car awards
Hyundai Motor Group’s major auto brands have won a record number of best car awards by the U.S. News & World Report in recognition of thei...
SK's 5-year journey toward batteries, bio and chips
Back in January 2017, SK Group Chairman Chey Tae-won emphasized the need for “deep change," in his New Year message and presented the phrase a...
Samsung to surprise market with Galaxy S22 at Feb Unpacked event
Samsung Electronics Co., the world’s top smartphone maker, will unveil its latest Galaxy model at next month’s Unpacked event – a ...
Korean pharma joins global race in RNA therapeutics development
The field of ribonucleic acid (RNA) therapeutics, once considered an unexplored area, is now the most coveted sector in the global biotech industry....
LG Innotek shares rise despite mixed brokerage views
LG Innotek Co. stocks have been on a rising trend over the past three months and are trading at their highest-ever prices. However, there are mixed ...
Vegan foodmaker Organica attracts funding from China's CITIC
Plant-based food company Organica Corp. has attracted investment from China’s alternative investment firm CITIC Capital Holdings Ltd. This mar...
Vietnam gives traction to Korean banks' global push
South Korea's leading banks began to reap the rewards of their efforts to become regional players in Asia, with their aggressive investments in Viet...
Samsung touts latest Exynos 2200 chip as mobile game changer
Samsung Electronics Co. has unveiled a new premium mobile processor, the Exynos 2200, which the world’s top memory chipmaker said offers a con...
Hana jointly acquires Boston-based multifamily for $262 mn
Hana Alternative Assets Management Co. and a US asset manager acquired a tower of luxury multifamily housing assets in Seaport Boulevard, Bost...
ESG fever puts Korean oil refiners in quandary over facility upgrades
South Korea’s four major oil refiners have for decades been at the forefront of the industry push to upgrade facilities, a combined multi-bill...
Mirae Asset’s global ETFs top 100 trillion won mark
Mirae Asset Global Investments Co.’s global equity-traded funds (ETFs) topped the 100 trillion won mark, for the first time in the South Korea...
Baillie Gifford, Allianz increase holdings in 3D tech firm Koh Young
Global asset managers are increasing shareholdings in Koh Young Technology Inc., Korea’s leading 3D image measurement tech firm listed ...
ABL Bio in $1.06 bn deal with Sanofi for Parkinson's disease treatment
South Korea’s ABL Bio Inc. has signed a $1.06 billion contract to license out its technology for a Parkinson's disease treatment candidate t...
