POSCO Holdings to produce nickel in Indonesia

POSCO Holdings to produce nickel in Indonesia

POSCO Holdings Inc., the holding company of the world’s sixth-largest steel maker, will directly produce nickel, a key material for sec...

Spooked by data leak, Samsung bans use of ChatGPT, other AI tools

Spooked by data leak, Samsung bans use of ChatGPT, other AI tools

Alarmed by a recent accidental data leak, Samsung Electronics Co. has banned one of its biggest business divisions from using ChatGPT and other gene...

KT launches two new AI serving robots

KT launches two new AI serving robots

South Korea's KT Corp., said on Tuesday that it has unveiled two new AI service robots with upgraded features for enhanced driving stability and w...

LS Cable completes undersea HVDC cable plant

LS Cable completes undersea HVDC cable plant

South Korea’s major cable manufacturer LS Cable & System Ltd. has completed the construction of Asia's largest high-voltage direct curre...

SK Bioscience to invest $1.8 billion, seeks M&As for inorganic growth

SK Bioscience to invest $1.8 billion, seeks M&As for inorganic growth

SK Bioscience Co., the drug-making unit of South Korea’s SK Group, plans to spend 2.4 trillion won ($1.8 billion) over the next five years and...

Korea’s GEPS to begin investing in global buyout, growth funds

Korea’s GEPS to begin investing in global buyout, growth funds

South Korea’s Government Employees Pension Service (GEPS) is set to inject 100 billion won ($74.7 million) to make its first investments in gl...

Korea’s SK Gas to invest $1.5 bn toward carbon neutrality by 2026

Korea’s SK Gas to invest $1.5 bn toward carbon neutrality by 2026

ULSAN – SK Gas Ltd. South Korea’s leading liquefied petroleum gas (LPG) supplier, is set to spend $1.5 billion on liquefied natural gas ...

S.Korea to support exports of 100 SMEs in metaverse, XR industry

S.Korea to support exports of 100 SMEs in metaverse, XR industry

South Korea's Ministry of Science and ICT announced on Thursday that it will support the export of 100 small- and medium-sized enterprises (SMEs) in...

S.Korea, US to jointly invest $60 mn for student exchange programs

S.Korea, US to jointly invest $60 mn for student exchange programs

South Korea and the United States have agreed to jointly invest $60 million in the exchange of young professionals in the field of science and techn...

Elon Musk reaffirms Korea among top candidates for Asia Gigafactory

Elon Musk reaffirms Korea among top candidates for Asia Gigafactory

WASHINGTON, D.C. – Tesla Inc. Chief Executive Elon Musk said on Wednesday that South Korea is still among its top candidates to build another ...

S.Korea, UL Solutions sign agreement for supporting domestic startups

S.Korea, UL Solutions sign agreement for supporting domestic startups

The South Korean Ministry of SMEs and Startups announced on Thursday that it has signed a business agreement with global certification agency UL Sol...

S.Korea to offer subsidies to foreigners investing in advanced technologies

S.Korea to offer subsidies to foreigners investing in advanced technologies

Foreign companies investing in the fields of semiconductor, display and secondary batteries, which are part of South Korea's national strategic tech...

Kolon Industries to move into secondary battery recycling market

Kolon Industries to move into secondary battery recycling market

Kolon Industries Inc., a South Korean chemical and textile manufacturing company, is entering the secondary battery recycling market. The company an...

S.Korea, Airbus plan to open domestic tech research center

S.Korea, Airbus plan to open domestic tech research center

South Korea and European aircraft maker Airbus Group will open a technology research center in the country and discuss boosting cooperation in suppl...

Hyundai Motor, Kia invest $746.3 billion more in 42dot

Hyundai Motor, Kia invest $746.3 billion more in 42dot

Hyundai Motor Co. and Kia Corp. will inject 1 trillion won ($746.3 billion) of funds into 42dot, a self-driving vehicle subsidiary of Hyundai Moto...

WeMade signs MOU with Ministry of Investment Saudi Arabia

WeMade signs MOU with Ministry of Investment Saudi Arabia

South Korea's game publisher WeMade Co. announced on Tuesday that it has signed a memorandum of understanding (MOU) with the Ministry of Investment ...

KKR mulls investing $150 mn in Korean fashion platform Musinsa

KKR mulls investing $150 mn in Korean fashion platform Musinsa

Musinsa Co., South Korea’s leading online fashion platform, is in the final stage of attracting 200 billion won ($149.8 million) from US priva...

Samsung, MS open Gaming Hubs in London, New York

Samsung, MS open Gaming Hubs in London, New York

Samsung Electronics Co. has partnered with Microsoft to launch gaming hubs in the heart of London and New York. The two companies have installed Sam...

Hanwha Aerospace invests in Israeli startup with anti-jamming tech

Hanwha Aerospace invests in Israeli startup with anti-jamming tech

South Korea's Hanwha Aerospace Co. has invested in an Israeli start-up possessing anti-jamming technology to prevent interference in global position...

Blockchain game startup Gomble gets seed round

Blockchain game startup Gomble gets seed round

South Korean blockchain gaming startup Gomble announced on Monday that it has successfully secured its first institutional investment. The seed fund...

SK Telecom invests $11 mn in AI startup Scatter Lab

SK Telecom invests $11 mn in AI startup Scatter Lab

South Korea's SK Telecom Co. announced on Monday a strategic partnership with Scatter Lab, the creator of the AI agent "Luda Lee," following a 15 bi...

LG Elec gets open-source software security certification

LG Elec gets open-source software security certification

South Korean electronics giant LG Electronics Inc. announced on Friday that it has been recognized as a company that complies with the "Internationa...

Lotte Biologics invests in S.Korean bio-venture Pinotbio

Lotte Biologics invests in S.Korean bio-venture Pinotbio

South Korea’s Lotte Biologics Co. said on Friday that it has made an equity investment in Pinotbio, Inc. for the development of antibody-drug ...

CJ OliveNetworks opens S.Korea's first logistics center with 5G

CJ OliveNetworks opens S.Korea's first logistics center with 5G

South Korea's digital service company CJ OliveNetworks on Thursday said it set up the mobile communications network "Ieum 5G" exclusively for busine...

S.Korean firms applies for record-high 76,592 patents abroad in 2022

S.Korean firms applies for record-high 76,592 patents abroad in 2022

The Korean Intellectual Property Office (KIPO) on Thursday said the number of patents filed overseas by domestic companies last year set a record-hi...

Indonesia's Green Rebel enters S.Korean alternative meat market

Indonesia's Green Rebel enters S.Korean alternative meat market

Indonesia-based food tech startup, Green Rebel Foods, made public its official entry into the Korean plant-based protein food market. Bryan Toh, Glo...

POSCO Holdings opens new R&D center in Pohang

POSCO Holdings opens new R&D center in Pohang

POSCO Holdings said on Thursday that it has opened a headquarters for POSCO N.EX.T Hub, which will lead the R&D efforts for the entire POSCO G...

POSCO mulls $3.3 bn investment in industrial cluster by 2033

POSCO mulls $3.3 bn investment in industrial cluster by 2033

South Korean steel giant POSCO Group said on Wednesday it will consider investing 4.4 trillion won ($3.3 billion) in the state-run industrial comple...

MBK Partners to buy Belgian chocolate brand Pierre Marcolini

MBK Partners to buy Belgian chocolate brand Pierre Marcolini

Private equity firm MBK Partners is set to acquire Pierre Marcolini, a Belgian chocolate brand called "Hermes of Chocolate."MBK bought the South Kor...

Shinhan Financial Chairman to hold overseas IR in Japan

Shinhan Financial Chairman to hold overseas IR in Japan

Shinhan Financial Group's Chairman Jin Ok-dong is set to embark on his first overseas business trip since taking office as chairman last month. From...

Samsung’s latest Galaxy Z foldables: Slimmest, lightest yet smarter with AI features S.Korea to overhaul retirement pension system, introduce competition for higher returns POSCO sells Chinese stainless steel JV to Chinese rival for $300 mn Hahn & Co. to award bonus shares to Namyang staff, retires $7.1 mn in shares   Seoul vows zero-tolerance measures against unfair stock trading