S.Korea to launch K-Ricebelt project in Africa

South Korea has launched an official development assistance (ODA) project for a "K-Ricebelt" to produce rice for 30 million people every year in Afr...

S.Korea’s imports of LFP cathode reverses to growth after 8 years

South Korea's imports of cathode materials used to make lithium ferrophosphate (LFP) batteries in the first five months of this year rose for the fi...

Hyundai Engineering to enter EV charging maintenance, service market

South Korea’s Hyundai Engineering Co., the plant engineering and construction unit of Hyundai Motor Group, unveiled its ambitious plans on Mon...

AI startup Liner adds GPT service to Samsung Internet Browser

South Korea’s Liner, an artificial intelligence search platform startup, on Thursday announced the release of Liner Copilot, an extension for ...

HD Hyundai Infracore to develop hydrogen gas turbine engine

HD Hyundai Infracore Co., a construction equipment unit of South Korea’s HD Hyundai Group, has signed a memorandum of understanding (MOU) with...

LG Electronics sets up 1st global R&D center in Indonesia

South Korean home appliance giant LG Electronics Inc. opened its first overseas research and development center in Indonesia on Thursday to accelera...

SGC Group slapped with over $7.7 mn fine for unfair internal trade

The Fair Trade Commission (FTC) has imposed a fine of more than 10 billion won ($7.7 million) on SGC Group companies for unfair internal transaction...

Naver D2SF invests in AI data generation startup

South Korea's top online platform Naver Corp. has invested in a startup with an artificial intelligence-generation solution that lowers the risk of ...

Kolon Industries to develop new materials for space exploration

Kolon Industries Inc., a South Korean chemical and textile manufacturer, announced on Wednesday it has signed a memorandum of understanding (MOU) wi...

Celltrion Healthcare launches Humira biosimilar Yuflyma in US

South Korean biopharmaceutical company Celltrion Healthcare on Monday said it launched the day before on the US market Yuflyma, a biosimilar of the ...

Optimizing flexibility for fixed-income in new era: M&G

Fixed-income continues to offer an attractive entry point for investors with higher yields, declining inflation and the end of the interest rate hik...

Jeju Air becomes 1st S.Korean LCC to surpass 100 mn passenger mark

South Korea's low-cost carrier (LCC) Jeju Air Co. on Sunday said its cumulative number of passengers exceeded 100 million 17 years after the company...

SK Telecom invests $100 mn in American UAM developer

South Korea's SK Telecom.Co has invested $100 million (131.6 billion won) in Joby Aviation, a Santa Cruz, California-based developer of urban air ...

Doosan vice chairman visits robotics trade show Automatica

South Korea’s Doosan Group Vice Chairman Park Ji-won visited Automatica 2023 on Wednesday, a leading trade fair for smart automation held in M...

CJ Olive Young to develop inner beauty as new growth engine

South Korea's top beauty chain CJ Olive Young said on Thursday that it plans to capitalize on the growing market for inner beauty, positioning it as...

Jeju Shinhwa World to spend $760 mn to restore vigor

South Korea’s largest resort complex Jeju Shinhwa World, located in the country’s top tourist destination, is preparing to restore its v...

Korean Air to use bio-jet fuel on international flights

Korean Air Lines Co. announced on Thursday that it will start operating bio-jet fuel flights in partnership with GS Caltex Corp., marking the first ...

CJ Logistics to build logistics centers in US with $416 mn investment

CJ Logistics Corp. and Korea Ocean Business Corporation (KOBC) will together build three logistics centers in the US with an estimated investment of...

Airplane hangar built in Heart of S.America by KOICA

The South Korean government's support for Paraguay, dubbed the "Heart of South America," to become an aviation maintenance hub is gaining momentum.K...

Hancom, POSCO DX pursue robotic process automation solutions

South Korea’s office suite software maker Hancom and engineering and information and communications technology service provider POSCO DX will ...

LG CNS develops AI coding solution based on ChatGPT

LG CNS, the information technology service arm of LG Group, announced on Wednesday that it has developed an artificial intelligence (AI)-based code ...

Hyundai, Kia invest extra $1.5 mn in automotive chip startup

Hyundai Motor Co. and Kia Corp. announced on Wednesday that they have invested extra 2 billion won ($1.54 million) in BOS Semiconductors, a vehicle ...

Kakao Mobility to develop mobility platform with Vietnam’s Phenikaa

South Korea's Kakao Mobility and Vietnam's Phenikaa Group have entered into a business agreement to foster technology collaboration within the mobil...

S.Korean oil refiner GS Caltex accelerates advance into cosmetics biz

GS Caltex Corp., South Korea’s second-largest oil refiner, is expediting its advance into the cosmetics industry as part of its green transfor...

Hyundai Motor, Vietnam Nat'l Univ., Hanoi promote HR development

Hyundai Motor Group Chairman Chung Eui-sun is rolling up his sleeves to develop human resources in Vietnam. Accompanying the economic delegation of ...

Kakao Mobility to develop EV, self-driving tech with Vietnam's Vingroup

South Korea's Kakao Mobility is collaborating with Vietnam's No. 1 corporation Vingroup JSC and Southeast Asia's biggest information and communicati...

AI talent shortage poses threat to Korean AI tech development

Since the advent of the AI-powered chatbot sensation ChatGPT, the battle to win AI talent across companies large and small has intensified, threaten...

KAI succeeds in localizing wing spar components for Israeli business jet

Korean Aerospace Industries Ltd. (KAI), a South Korean aerospace and defense company, announced on Friday that it held a commemorative event for the...

Asan Medical Center to establish digestive disease hospital in Dubai

Asan Medical Center announced plans on Thursday to establish a 65-bed gastrointestinal specialized hospital in Dubai Healthcare City in Dubai, UAE, ...

Korean-style smart city to be introduced in Ukraine's Uman

The South Korean government has decided to support the development of a smart city in Uman located in central Ukraine. The Ministry of Land, Infrast...