Naver, Kakao to hold off M&As to pursue profits

Naver Corp. and Kakao Corp., South Korea’s two leading online platforms, will put on hold acquisition-oriented growth strategies and instead p...

Digital wallet Klip sees its subscriber number surpass 2 million

Ground X, Kakao Corp.'s blockchain technology subsidiary, said on Monday that the number of cumulative subscribers to its digital asset wallet "Klip...

SuperBin completes plastic recycling factory in Seoul suburb

SuperBin, a South Korean startup reshaping the waste recycling ecosystem using Fourth Industrial Revolution technologies, on Thursday said it had co...

MBK signs $2 bn deal to acquire 3D dental scanner firm Medit

Asia-focused private equity firm MBK Partners is acquiring Medit Corp., the world’s third-largest 3D dental scanner maker, for 2.45 trillion w...

Nursing caregiver matching startup Bosalpim succeeds in pre-series A funding

South Korea's senior citizen care service startup Bosalpim said on Wednesday that it has raised an undisclosed amount of pre-series A funding from K...

Samsung to unveil C-Lab startups, projects at CES 2023

Samsung Electronics Co. will showcase four projects and eight startups developed through its venture program C-Lab at CES 2023, the world's largest ...

Hyundai Home Shopping to divest rental unit for $107 mn

Hyundai Home Shopping Network Corp., a TV shopping channel operator owned by South Korea's Hyundai Department Store Group, said on Dec. 26 it will s...

E-Mart enters Singapore with two corner shops selling K-food

South Korea’s largest supermarket chain E-Mart Inc. has become the first Korean company that has launched a convenience store in Singapore.The...

Kakao Games to launch Eversoul with 1.3 mn pre-orders

Kakao Games Corp., a game publishing unit of South Korean tech giant Kakao Corp., said on Dec. 23 it will launch the global service of mobile role-p...

Dating My Best Friend’s Sister becomes webtoon in Korea

Dating My Best Friend’s Sister, a famous romance fiction by USA Today Bestselling author Violet Paige serialized on Radish, the web novel plat...

CU to introduce shopping platform on metaverse

Convenience store chain CU said on Thursday that it would introduce a meta-commerce service where online business activities take place on the met...

Kakao's AI filter reduces profanity in online news comments

South Korean tech giant Kakao Corp. has reduced swearing and negative comments about news on its online portals such as Daum and Kakao View by using...

Hotel Shilla CEO Lee ranks 85th on Forbes' 100 most powerful women

Samsung heiress and Hotel Shilla CEO Lee Boo-jin ranked 85th on The World’s 100 Most Powerful Women selected by Forbes. Lee, who leads Samsung Group's...

Home&Shopping partners with K-Market to explore opportunities in Vietnam

Home & Shopping, South Korea's home shopping channel specializing in products of small- and medium-sized enterprises (SMEs),  announced on Th...

Kakao unveils measures to prevent recurrence of service disruptions

South Korea’s Kakao Corp. has unveiled a series of measures to prevent a recurrence of service disruptions after the mobile platform giant cam...

Macquarie bids for transportation card operator Loca Mobility

Macquarie Asset Management participated in a bid on Dec. 6 to acquire Loca Mobility Corp., Lotte Card Co.’s subsidiary and the second-largest ...

Kakao Brain to unveil AI chest X-ray diagnosis service next year

Come next year, Kakao Brain, the artificial intelligence arm Kakao Corp., is slated to unveil an AI system that can write the first draft diagnosis ...

Kakao Pay seeks to acquire Loca Mobility up for sale by MBK Partners

Kakao Pay Corp., the mobile payment and digital wallet service unit of South Korean tech giant Kakao Corp., is seeking to acquire Loca Mobility Corp...

HYBE and Kakao Games to be released from mandatory escrow this month

The Korea Securities Depository said on Wednesday that 225.5 million shares of a total of 58 listed stocks registered as mandatory escrow will be li...

Korean overseas card spending near 3-year high on resurgence in travel

Overseas card spending by residents in South Korea rose to a nearly three-year high in the third quarter as international travel surged with countri...

Korea’s top delivery app operator Woowa launches food delivery robot

The self-driving robot Dilly Tower of Woowa Brothers Corp., the operator of Korea’s top food delivery app Baedal Minjok, commonly known as Bae...

Medical data platform operator JNPMEDI raises $10 mn in Series A funding

Medical data platform operator JNPMEDI Inc. announced on Tuesday that it raised 14 billion won ($10.3 million) in a Series A round. Pavilion Ca...

Intake bets on alternative meat, zero-calorie drinks for future of food tech

South Korean food tech startup Intake Corp. sells a wide range of meat alternatives, such as plant-based egg substitutes and vegan burger patties.&n...

Kakao's Q3 profit drops 12% on games, data center construction

South Korea’s mobile platform giant Kakao Corp. announced its third-quarter earnings on Nov. 3, including quarterly operating profit of 150.3 ...

Lotte Shopping joins hands with UK's Ocado to build online grocery store 

Lotte Shopping Co. will join forces with the Hertfordshire, England-based Ocado Group, which licenses grocery fulfillment technology to retailers.&n...

Machine vision technology for faster and more accurate detection of flaws

iCore is a component and module maker in the machine vision industry. It develops technology and manufactures products for imaging-based automatic ins...

Korea’s FTC to toughen reviews on platform sector M&As

South Korea’s antitrust body is set to strengthen reviews on acquisitions for different businesses in the platform industry to resolve the pro...

Kakao’s power outage casts doubts over growth strategies

South Korea’s mobile platform giant Kakao Corp. is facing increasing concern over its growth strategies centered on business expansions throug...

Firm dollar deters Korea Inc.’s overseas acquisition deals

The firm dollar is causing South Korean companies to postpone or cancel their plans to buy overseas firms for future growth as the US currency&rsquo...

Korean firms struggle to dispatch workers overseas

Some South Korean conglomerates are struggling to recruit workers for dispatch to overseas branches as more workers are avoiding expatriate assignme...