Hyundai Mobis’ smart cabin: Healthcare center on the move
Many traffic accidents are caused by drowsy driving, fatigue or the driver’s abnormal health conditions.Automakers around the world have str...
Petrochem firms to fuel plants with self-supplied power
South Korea’s petrochemical companies will build power plants for the first time in their history to meet their rising energy needs on a stabl...
S.Korea ushers in new space era with rocket launch success
GOHEUNG, South Korea -- South Korea opened a new space era as it succeeded in the launch of a homegrown space rocket carrying payloads to become the...
Golf simulation centers' revenue soars 48% on-year
Even amid the COVID-19 pandemic, sectors serving golf enthusiasts have thrived in South Korea.Financial services company BC Card analyzed the sales ...
Rolls-Royce awards Hanwha Aerospace for trusted partnership
South Korea’s Hanwha Aerospace Co., has been chosen as one of the best partners of Rolls-Royce, the world’s leading aircraft engine ma...
Lotte Tour sees turnaround on higher property value
South Korea's Lotte Tour Development Co. has decided to book 568 billion won ($440 million) in valuation gains from its stake ownership of the land ...
Axiom Space invites Koreans to $500 million space hotel fundraising
Axiom Space Inc., which is developing the world’s first commercial space station, is seeking to raise $500 million from South Korean investors...
Korea airlines’ race for Mongolian route intensifies
South Korean airlines’ competition for the Mongolian route, one of the most profitable, is heating up as low-cost carriers have joined the rac...
Hanwha Power develops first homegrown compressor for LNG gas carriers
Hanwha Power Systems Co., a South Korean energy equipment company, said on Friday it has completed joint development of a boil-off gas (BOG) compres...
Hanwha invests $115 mn in urban air mobility firm Overair
South Korea’s Hanwha Systems Co. and Hanwha Aerospace Co. have invested a combined $115 million in Series B funding for Overair Inc., a Califo...
Hanwha to announce plans to enhance shareholder value in H2
South Korea’s Hanwha Corp. discussed on June 10 its ESG activities in the first half of this year and is set to announce plans for enhancing s...
Arianespace to rival Space X with competitive quality and price
Arianespace SA, a global leading satellite launch company, uses its applications available from space, such as telecommunications, navigation and obse...
Hanwha to boost defense, aerospace biz with $2.1 bn spending
Hanwha Group, South Korea’s chemical-to-financial conglomerate, is set to invest 37.6 trillion won ($29.8 billion) in future growth sectors su...
KT Cloud targets $792 million with new stock issuance
KT Cloud is working to raise 1 trillion won ($792 million) by issuing new shares. The cloud arm of telecom juggernaut KT Corp. plans to use the...
Hanwha Systems joins hands with Italy's Leonardo for radar exports
South Korea’s Hanwha Systems Co. joined forces with Italy’s major defense maker Leonardo SpA on exports of advanced aircraft radars to i...
Hyundai Wia likely to deploy smart robots at Georgia EV plant
Hyundai Wia Corp., an auto parts unit of Hyundai Motor Group, will likely deploy smart robots at the group’s first dedicated electric vehicle ...
Hyundai Marine sees huge potential in global data centers
Hyundai Marine & Fire Insurance Co. of South Korea is seeking investment opportunities for distressed and special situation strategies with a se...
SwatchOn connects fabric wholesalers to overseas fashion designers
“We had the overseas market in mind from the get-go,” global fabric sale platform SwatchOn’s CEO Lee Woo-seok told The Korea Econo...
Hancom to launch South Korea’s first private satellite
Hancom InSpace, an affiliate of Hancom Group, announced on Wednesday it will launch South Korea’s first private satellite for Earth observatio...
LG’s telecommunication unit joins UAM race in Korea
LG Group’s telecommunication unit joined the race for South Korea’s urban air mobility (UAM) to secure a future growth engine in coopera...
SK Ecoplant to build largest commercial data center in Korea
South Korea’s SK Ecoplant Co., formerly known as SK Engineering & Construction Co., is slated to develop the largest commercial data cen...
CJ integrates AI infrastructure and data to launch CJ AI center
CJ Corp. launched an artificial intelligence center Wednesday, which it hopes will lead the conglomerate's digital innovation. The new CJ AI Cente...
Boryung takes 'health is wealth' to whole new level – space
South Korean biotech and pharmaceutical companies are expanding their footholds in the global space medicine market. Boryung, formerly Boryung Pharm...
Warehouses pile financial burden on investment firms
South Korea’s logistics centers are ramping up the financial pressure on real estate investment firms. Previously a favored property type, i...
KSOE opens R&D center in Germany for future technology
Korea Shipbuilding & Offshore Engineering (KSOE), the intermediate holding company of the world’s top shipbuilder Hyundai Heavy Indus...
Hanwha Solutions CEO meets with US blockchain VCs
President and co-CEO of Hanwha Solutions Corp. Kim Dong-kwan met with heads of major blockchain venture capital firms while visiting the United Stat...
Hanwha breaks ground on howitzer plant in Australia
South Korea’s Hanwha Defense Co., the world’s top self-propelled howitzer producer, has kicked off the construction of its first oversea...
SK Hynix, Solidigm unveil SSD for data centers
South Korea's SK Hynix Inc., the world’s top-tier semiconductor manufacturer, unveiled its new solid-state drive (SSD) for data centers on A...
Mirae Asset Global REIT to raise $371 mn for US warehouses
Mirae Asset Global Real Estate Investment Trust Co., a South Korean listed REIT under Mirae Asset Global Investments Co., is set to raise around 450...
Samsung to work with Western Digital on next-gen storage technology
Samsung Electronics Co. and Western Digital Technologies Inc. announced Wednesday the two parties signed a memorandum of understanding (MOU) to coll...
