Money pours in for technology to reshape Korean restaurants

Investors are betting big on food service technology startups in South Korea as the adoption of self-service systems in the country’s food and...

Korea’s POSCO Int’l to work on CCUS, hydrogen businesses

POSCO International Corp., the general trading and resources exploration subsidiary of South Korea’s steel giant POSCO Holdings Inc., aims to ...

STX to supply car CKD to Bangladeshi company

STX Corp., a South Korean general trading company, announced on Monday that it signed a memorandum of understanding (MOU) to supply the complete kno...

Craft beer maker Jeju Beer sells stake to car repair company

South Korea’s leading craft beer maker Jeju Beer Co. has sold a controlling stake owned by its founder and family to a small domestic car main...

Samsung to use recycled neon gas in chip manufacturing

Samsung Electronics Co. will use recycled neon gas in chip production for the first time in the world, a move expected to stabilize the cost and sup...

Duty-free shops at Incheon International Airport eager to lure boutiques

Duty-free shops at Incheon International Airport, South Korea’s main gateway, are fiercely competing to lure luxury brand boutiques to their o...

Hanwha seeks further legal action vs HD Hyundai amid Navy project rivalry

Hanwha Ocean Co., the world’s second-largest shipbuilder, is seeking new legal action against HD Hyundai Heavy Industries Co. over the bigger ...

Korean EV battery makers to unveil tech for industry recharge

South Korea’s three major electric vehicle battery makers are gearing up to invigorate the global green car market with new technologies they ...

HPS, CE-TEK to develop onboard carbon capture system

Hyundai Heavy Industries Power Systems Co. (HPS) will join hands with HD Korea Shipbuilding & Offshore Engineering Co. (KSOE) and CE-TEK Ltd. to...

Kakao Ventures invests in AI optimization startup Omelet

Kakao Ventures Corp. has made an undisclosed amount of seed investment into Omelet, a South Korean early stage startup developing industrial operati...

Kolon Industries, SK Microworks to set up industrial film JV

South Korea’s major chemical materials producer Kolon Industries Inc. will team up with SK Microworks Co. to regain ground in the Chinese film...

Samsung doubles down in HBM race with largest memory

Samsung Electronics Co. has developed the industry’s first 36-gigabyte (GB) 12-layer high-value, high-performance memory chip in a bid to rest...

POSCO International to build motor core plants in Poland, Mexico

POSCO International Corp., the energy and trading unit of South Korea’s steel giant POSCO Holdings Inc., said on Monday it will build new trac...

Kolon Industries upgrades aramid smart factory system

Kolon Industries Inc. has upgraded its smart factory system to ensure its doubled production capacity of super fiber aromatic polyamide fibers (aram...

Hanwha Aerospace, home of Korea’s next-generation space industry

CHANGWON, South Gyeongsang Province – South Korea’s Hanwha Aerospace Co. aims to establish a foothold in the global rocket industry domi...

Hanwha, Saudi gov't to cooperate in defense industry

Hanwha Aerospace Co. and Hanwha Systems Co. announced on Tuesday that they signed a three-party memorandum of understanding (MOU) for defense cooper...

Samsung’s Lee cleared of charges over Samsung C&T merger

The Seoul Central District Court on Monday acquitted Samsung Electronics Co. Chairman Jay Y. Lee of charges of being involved in illegal activities ...

Naver expands Papago with Arabic translation, boosting global reach

South Korea's leading online portal Naver Corp. announced on Friday the addition of Arabic translation capabilities to its AI-driven translation ser...

Korean LPs seek private equity secondaries amid liquidity crunch

Secondary strategy is South Korean institutional investors’ top pick for private equity investments for two straight years, a survey showed. Man...

SGC eTEC, OCIM to co-work for green biz in Malaysia

South Korea’s SGC eTEC E&C Co. said on Thursday that it signed an agreement with OCIM, OCI Holdings Co. 's Malaysian subsidiary, to join...

Korean LPs eye industrial, logistics amid e-commerce growth

Global real estate will be the least-chosen asset class for South Korean institutional investors this year, according to a recent survey. Despite curr...

AliExpress’ zero-commission offer jolts Coupang, Naver

AliExpress, an e-commerce arm of China’s Alibaba Group, has offered Korean companies zero commissions, under which it will not charge a sales ...

S.Korea’s duty-free industry going downhill

The South Korean travel retail industry, once considered the country’s golden goose, is forced to streamline operations given no signs of a dr...

Govenment calls end to Korean financial group heads' long-serving posts

South Korean financial group chiefs will no longer enjoy automatic term extensions as the government is stepping up pressure on the groups to improv...

HD Hyundai launches world's first mega methanol-fueled container

South Korean shipbuilding giant HD Hyundai Co. marked a major milestone in the maritime industry on January 28, christening the world's first mega m...

Korea’s ELS market to stagnate after HSCEI debacle: KOFIA chairman

The Korea Financial Investment Association (KOFIA) will go all out to minimize any adverse effects on the South Korean financial market from an anti...

Biopharma M&As: Next big thing for South Korean manufacturers

When Orion Corp., known for its signature snack cake Choco-Pie, announced a $415 million deal to acquire biotech startup LegoChem Biosciences Inc. l...

Korean banks flock to Poland, Korean Inc.’s new manufacturing hub

South Korean banks are in a race to advance into Poland to support Korean companies rushing to build factories in the new offshore manufacturing hub...

Tech spies face tougher Korean penalties; 18 years in jail for overseas leaks

South Korea plans to dole out harsher punishments for industrial espionage, with a proposal to triple the penalty for an overseas leak of national t...

Korea's LX International buys Indonesian nickel miner for $100 mn

South Korean trading firm LX International Corp. said on Tuesday that it has acquired a 60% stake in Indonesian miner PT Adhi Kartiko Pratama (AKP)&...