Amazon bets big on Korea digital transition with new spending

Amazon bets big on Korea digital transition with new spending

Amazon Web Services Inc. (AWS), the world's largest cloud platform provider, said on Wednesday it will nearly triple its investment in South Korea t...

HD KSOE to invest $48 mn in European fuel cell company

HD KSOE to invest $48 mn in European fuel cell company

HD Korea Shipbuilding & Offshore Engineering (KSOE) announced on Wednesday that it plans to invest 45 million euros ($47.7 million) in the Europ...

Korean startups join push to champion satellite data analytics market

Korean startups join push to champion satellite data analytics market

Artificial intelligence is making big changes everywhere, even in space. Joining an AI-controlled space war, South Korean startups armed with AI tec...

Hyundai Wia showcases autonomous parking robot

Hyundai Wia showcases autonomous parking robot

South Korea’s No. 2 automotive parts supplier Hyundai Wia Corp. announced its participation in the country's largest robotics industry exhibit...

Noul releases AI-based diagnostic gizmo for cervical cancer

Noul releases AI-based diagnostic gizmo for cervical cancer

Noul Co., a South Korean company specializing in artificial intelligence (AI)-based blood and cancer diagnostic platforms, has entered the cancer di...

Samsung Elec to launch HBM4 in 2025 to win war in AI sector

Samsung Elec to launch HBM4 in 2025 to win war in AI sector

Samsung Electronics Co., the world’s top memory chipmaker, aims to introduce sixth-generation top-performance High Bandwidth Memory4 (HBM4) DR...

CJ ENM launches AI sound source service

CJ ENM launches AI sound source service

South Korean entertainment giant CJ ENM Co. introduced "Viodio: CJ ENM Air," an AI sound source service that makes it easy to utilize AI-generated m...

SK Hynix pins high hopes on specialty DRAM for AI use: CEO

SK Hynix pins high hopes on specialty DRAM for AI use: CEO

In the semiconductor industry, it’s been quite a while since memory chips became a commodity, meaning so low an entry barrier that any chipmak...

Vuno's brain imaging AI medical device secures FDA certification

Vuno's brain imaging AI medical device secures FDA certification

South Korea's medical device startup Vuno announced on Tuesday that its AI-powered brain quantification device Vuno Med-DeepBrain has received the 5...

S.Korea’s Gopizza to open branch at Singapore Changi airport

S.Korea’s Gopizza to open branch at Singapore Changi airport

South Korean food tech startup Gopizza, known for its single-serving pizza prepared by robots, on Tuesday said it will open a branch on Nov. 1 at Si...

S.Korea’s petrochemical, steel firms open online shopping malls

S.Korea’s petrochemical, steel firms open online shopping malls

South Korea’s petrochemical and steel companies, which mainly engage in business-to-business transactions, are opening or running a string o...

Dollar/won in wildest swing in 13 yrs despite intervention

Dollar/won in wildest swing in 13 yrs despite intervention

The South Korean won suffered its wildest fluctuation against the dollar this year since 2010, shrugging off heavy dollar-selling intervention by lo...

Apple, Google may face $50.4 mn fine over in-app billing in Korea

Apple, Google may face $50.4 mn fine over in-app billing in Korea

Apple Inc. and Alphabet Inc.’s Google may be fined up to 68 billion won ($50.4 million) in South Korea for breaking the country’s in-app...

Microsoft ties up with Korean startup Wrtn on AI solutions

Microsoft ties up with Korean startup Wrtn on AI solutions

Microsoft Corp. and a South Korean artificial intelligence portal startup Wrtn Technologies Inc. joined hands for the generative AI service based on...

SK Networks completes acquisition of en-core

SK Networks completes acquisition of en-core

South Korean trading firm SK Networks Co. announced on Friday that it has completed the acquisition process of en-core, a leading data solutions and...

Samsung unveils next-generation flagship mobile processor

Samsung unveils next-generation flagship mobile processor

SAN JOSE, California -- Samsung Electronics Co., the world’s top memory chipmaker, on Thursday unveiled the Exynos 2400, a new premium mobile ...

Rebellions, Samsung to jointly develop new AI chip

Rebellions, Samsung to jointly develop new AI chip

South Korea's AI semiconductor startup Rebellions announced a strategic partnership with Samsung Electronics Co. to co-develop their next-generation...

BMW premieres new 5 Series in Korea, the model’s top market

BMW premieres new 5 Series in Korea, the model’s top market

German carmaker BMW Group on Thursday premiered its latest 5 Series premium sedan in South Korea, an indication of the growing importance of the Asi...

S.Korea’s corporate R&D spending lags global rivals

S.Korea’s corporate R&D spending lags global rivals

Major South Korean companies’ spending on research and development lags investments made by their global competitors due to lower government t...

S.Korea to spur startup investments with eased rules

S.Korea to spur startup investments with eased rules

South Korea will deploy at least 10% of a state-backed fund of funds (FoF) to venture capital investment dedicated to small startups every year, the...

Foreign tourists can use Kakao Taxi in S.Korea

Foreign tourists can use Kakao Taxi in S.Korea

South Korea’s Kakao Mobility announced on Thursday that it has started integrating its taxi service app Kakao T with overseas apps. Foreign to...

Canada's Tim Hortons to open 2nd store in Gangnam

Canada's Tim Hortons to open 2nd store in Gangnam

Canada's No. 1 coffee chain Tim Hortons announced on Thursday that it plans to establish its second South Korean flagship store at the bustling Te...

Korea expects inflation to ease from Oct after 5-month high

Korea expects inflation to ease from Oct after 5-month high

South Korea predicted headline inflation to ease from October after hitting a five-month high last month, adding to expectations that the central ba...

Korea markets melt as Fed officials foresee longer-than-expected high rates

Korea markets melt as Fed officials foresee longer-than-expected high rates

South Korean financial markets lost ground on Wednesday with the 10-year government bond yield at a one-year high as US Federal Reserve policymakers...

Naver's Kream integrates with Japan's Soda

Naver's Kream integrates with Japan's Soda

Naver Corp.'s subsidiary Kream, the South Korean limited-edition goods trading platform has decided to merge its operations with Japan's Soda Inc., ...

SUVs, small pickups grab largest share of S.Korea's car market

SUVs, small pickups grab largest share of S.Korea's car market

Sport utility vehicles (SUV) and small pickup trucks in South Korea are occupying a larger share of the domestic automotive market.Industry sources ...

S.Korea industry production posts largest increase in 30 months

S.Korea industry production posts largest increase in 30 months

South Korea's Index of All Industry Production soared at its steepest pace in 30 months in August, driven by a resurgent semiconductor manufacturing...

Recreational cars grab largest share of S.Korea's automotive market

Recreational cars grab largest share of S.Korea's automotive market

Recreational vehicles (RVs) in South Korea like sport utility vehicles (SUV) and small pickups are occupying a larger share of the domestic automoti...

S.Korea's ModaModa partners with Poland's MBF Group

S.Korea's ModaModa partners with Poland's MBF Group

South Korean haircare brand ModaModa has partnered with Poland's MBF Group S.A. for distribution, signifying its entry into the expanding European b...

Samsung Electronics bags AI chiplet foundry order from Tenstorrent

Samsung Electronics bags AI chiplet foundry order from Tenstorrent

Canadian chip-designing unicorn Tenstorrent Inc. has become a new foundry customer of Samsung Electronics Co., the world’s second-biggest foun...

Shinsegae chair tapped to head Asian arm of pro-Trump Rockbridge S.Korea’s leading ERP player Douzone Bizon up for sale; EQT Partners in talks MSCI maintains S.Korea’s emerging-market status; level playing field required GEPS taps former KB Asset chief risk officer as new CIO Affinity Equity nets $220 mn from block sale of Shinhan Financial