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...

Hanwha Solutions to raise $491 mn with materials unit split-off

South Korea’s Hanwha Solutions Corp. is set to split off its advanced materials business and sell a stake in the unit to raise $491 million fo...

Hanwha Solutions wins France's solar farm project

Q Cells, a renewable energy division of South Korea's Hanwha Solutions Corp., has clinched a large-scale solar energy project in France, acceleratin...

LG AI Research opens first overseas base in Michigan

South Korean LG Corp.'s artificial intelligence research institute set up its first overseas base in Michigan to expand its global AI research ...

SK tipped to be Korea's 1st group to issue digital coins

SK Square Co., the investment arm of SK Group, is working on issuing its own digital currency within the year, according to people with knowledge of...

Korean ad agencies vying for bigger slice of virtual space

South Korean advertisement agencies, led by Innocean Worldwide Inc. and Cheil Worldwide Inc., are stepping up efforts to acquire digital technology ...

Hanwha invests another $11 mn in US communications firm Kymeta

Hanwha Systems Co., the defense and air mobility unit of South Korea’s Hanwha Group, made another investment of $11 million in Kymeta Corp., a...

Data centers in European core cities are promising, Principal head says

Critical data center hubs have emerged in European major cities with dramatic growth in data consumption, and the facilities are rising as promising...

Billionaire Kakao chairman Brian Kim resigns

Kakao Corp. founder and chairman Brian Kim said on Monday that he will step down from the tech giant’s board of directors, following a series ...

Hanwha, Poongsan, LIG Nex1 clinch $989 mn Saudi defense deals

South Korea’s three defense-related companies have signed a combined 3.71 billion Saudi riyal ($989 million) contract to supply ammunition and...

Actis names Scott Choi as its first Korean partner

Private equity firm Actis LLP has promoted its Seoul office Chief Executive Scott Choi as a partner, the company said on March 7. Choi is the first ...

Korea defense firms in spotlight amid Russia-Ukraine war

South Korea’s defense makers are in the spotlight as nations are expected to boost their military power amid the Russia-Ukraine war. Industry ...

Korea corp. borrowing costs to rise further on Russia risks

South Korean companies are expected to pay more for fundraising as Russia’s invasion of Ukraine has chilled investor sentiment on corporate bo...

Korea sets Nuri space rocket’s second launch for mid-June

South Korea will make a second attempt to launch its first domestically designed and developed space rocket Nuri in mid-June after an earlier attemp...

Hanwha Defense secures land for K9 howitzer production in Australia

Hanwha Defense Co. announced Wednesday it has secured a large property in Australia for building a production facility for the K9 Thunder self-prope...

Lotte says to become the norm in metaverse retail space

Lotte Group Chairman Shin Dong-bin is so determined to make the metaverse the group's next playing field that he recently proposed a metaverse meeti...

LG AI Research forms 'Hyperscale' AI alliance with 13 companies

LG AI Research unveiled an alliance network consisting of 13 corporations and organizations based in South Korea and abroad on Tuesday. There a...

US Novelis to build $53 mn aluminum recycle center in Korea

Novelis Inc., the world’s top aluminum recycler, is set to invest $53 million in another recycling and casting center in South Korea to meet t...

Defense giants eager to bolster satellite business

In the era of space privatization, satellites are the driving forces.South Korea’s main defense systems makers are turning away from arms expo...

Korea Post to invest in overseas data centers and warehouses

Korea Post will increase its alternative investment from 13.6 trillion won ($11.3 billion) at the end-2021 to 16.7 trillion won ($13.9 billion) in 2...

Hanwha inks $1.7 bn K9 howitzer deal to Egypt

Hanwha Defense Co. signed a contract to sell K9 self-propelled howitzers to Egypt on Tuesday in a deal worth over 2 trillion won ($1.7 billion.)Of t...

Koh Young’s medical robot conducts 100 brain surgeries a year

Koh Young Technology Inc., a South Korean 3D imagery tech company listed on the Kosdaq, announced on Tuesday that its medical robot Kymero has condu...

Lotte Group aims for top spot in metaverse retail space

Lotte Group Chairman Shin Dong-bin is known for his obsession with new tech gadgets.He’s one of those early adopters in South Korea of the Ocu...

E-Land sells Shanghai warehouse for $2.2 bn to lower debt ratio

Retail conglomerate E-Land Group completed selling its first overseas logistics center in Shanghai for about 1.4 billion Chinese yuan ($2.2 billion)...

Hanwha Solutions shares rebound to near 40,000 won mark 

Hanwha Solutions Corp. shares are rebounding after a two months-long slide. The bounce back comes on the back of expectations that its operating pro...

Korean REITs total assets surpass $58 bn in 2021

The combined total assets of real estate investment trusts (REITs) in Korea surpassed 70 trillion won ($58.4 billion) as of the end-2021, 20 years a...

Hyundai looks beyond cars to link real, virtual worlds in metamobility

LAS VEGAS – Hyundai Motor Co. has unveiled its grand ambitions to pioneer the use of robotics in both the real world and the virtual sphere, c...

IGIS invests in Kakao Enterprise for AI-embedded real estate

IGIS Asset Management Co. and its venture capital affiliate are slated to invest 10 billion won ($8.3 million) in Kakao Enterprise Corp., an artific...

Telecom giant KT to develop its own NPU, AI ecosystem

Telecommunications giant KT Corp. announced concrete plans to launch its artificial intelligence infrastructure business by joining forces with indu...

KFCC to increase alternative assets to 40% in three years

MG Korean Federation of Community Credit Cooperatives (KFCC) will gradually increase its alternative investment proportion from the current early 30...