Kakao to tighten grip over units, rethink horizontal culture

Kakao to tighten grip over units, rethink horizontal culture

Kim Beom-soo, founder and chairman of South Korea’s largest mobile platform Kakao Corp., said on Monday it will abandon its autonomous managem...

Former Kakao CEO founds AI entertainment company

Former Kakao CEO founds AI entertainment company

Namkoong Whon, the former CEO of South Korea’s Kakao Corp., announced on Friday that he founded artificial intelligence (AI)-based entertain...

Palliser Capital urges Samsung C&T reform for $25 bn value-up

Palliser Capital urges Samsung C&T reform for $25 bn value-up

London-based hedge fund Palliser Capital said on Wednesday that Samsung C&T Corp. is 63% intrinsically undervalued and could increase its value ...

Kakao Mobility looks abroad to expand taxi services

Kakao Mobility looks abroad to expand taxi services

South Korea’s Kakao Mobility Corp. is expanding overseas services in the face of criticism over its business practices, including the alleged ...

Korean LCC T’way enjoys healthy earnings on preemptive investment

Korean LCC T’way enjoys healthy earnings on preemptive investment

South Korean budget airline T'way Air Co. reported strong earnings as it benefited from its preemptive move of introducing new aircraft to increase ...

Kakao Mobility seeks to buy European taxi platform FreeNow

Kakao Mobility seeks to buy European taxi platform FreeNow

Kakao Mobility Corp., a ride-hailing service unit of South Korean tech giant Kakao Corp., is planning to acquire FreeNow, a European taxi platform o...

POSCO Int'l to build facility for modular in Ukraine

POSCO Int'l to build facility for modular in Ukraine

South Korea's POSCO International Corp. announced on Wednesday it plans to build a facility for modular in Ukraine. The company's Vice Chairman...

Samsung C&T to build world’s largest liquid hydrogen tank

Samsung C&T to build world’s largest liquid hydrogen tank

South Korea's Samsung C&T Corp. announced on Sunday it received certification for the world's largest liquid hydrogen storage tank design from D...

Celltrion to supply Remsima to Brazil gov’t in three-year row

Celltrion to supply Remsima to Brazil gov’t in three-year row

South Korea's Celltrion Healthcare Co. announced on Friday its autoimmune disease treatment Remsima (ingredient: infliximab) has won a bid for the B...

Kakao bets on AI bot for breakthrough

Kakao bets on AI bot for breakthrough

Kakao Corp., the operator of South Korea’s dominant chat app KakaoTalk, will seek a breakthrough with an artificial intelligence-powered bot a...

Kakao in emergency mode under regulatory, antitrust probes

Kakao in emergency mode under regulatory, antitrust probes

Kim Beom-soo, founder and chairman of South Korea’s largest mobile platform Kakao Corp., convened an emergency meeting with some 20 chief exec...

Hanwha Ocean to join Canadian patrol submarine project

Hanwha Ocean to join Canadian patrol submarine project

South Korea's shipbuilder Hanwha Ocean Co. secured a memorandum of understanding (MOU) with four Canadian submarine tech firms at Deep Blue Forum 20...

Asiana’s cargo unit sale faces tough hurdles before KAL merger

Asiana’s cargo unit sale faces tough hurdles before KAL merger

The proposed merger of Korean Air Lines Co. (KAL) and Asiana Airlines Inc. has moved one step closer to completion with Asiana’s backing of it...

POSCO to build 2nd N.EX.T Hub research institute in Seongnam city

POSCO to build 2nd N.EX.T Hub research institute in Seongnam city

POSCO Group, which owns South Korea’s largest steelmaker, plans to build a second research institute near Seoul to support the conglomerate&rs...

Curocell to localize blood cancer drug by 2025

Curocell to localize blood cancer drug by 2025

South Korean biotech company Curocell Inc. on Sunday said it will apply for approval from the Ministry of Food and Drug Safety in September next yea...

Kakao Enterprise, Salesforce establish joint sales partnership

Kakao Enterprise, Salesforce establish joint sales partnership

South Korea's Kakao Enterprise Corp. announced on Friday that it has formed a joint sales partnership with Salesforce Korea to support digital innov...

Samsung C&T to join Indonesia's smart city project

Samsung C&T to join Indonesia's smart city project

South Korea's Samsung C&T Corp. announced on Friday that it has signed a memorandum of understanding (MOU) with Indonesia's premier real estate ...

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...

CJ CheilJedang, T&R Biofab team up for alternative meat

CJ CheilJedang, T&R Biofab team up for alternative meat

South Korean food and bio giant CJ CheilJedang Corp. is harnessing advanced innovative technology to secure sustainable future food resources. The c...

Kakao completes first in-house data center

Kakao completes first in-house data center

South Korean tech giant Kakao Corp. has completed construction of its first in-house data center that can store 120,000 computer servers, with its l...

HD Hyundai Oilbank changing into eco-friendly energy entity

HD Hyundai Oilbank changing into eco-friendly energy entity

South Korea's HD Hyundai Oilbank is transforming from a petroleum and oil refinery company into an eco-friendly energy entity through diversificatio...

Samsung C&T invests $11 mn in construction robot venture

Samsung C&T invests $11 mn in construction robot venture

South Korean construction and engineering company Samsung C&T Corp. has invested 15 billion won ($11.2 million) in the construction robot startu...

Kakao Pay’s tie-up with Alipay spurs growth in China

Kakao Pay’s tie-up with Alipay spurs growth in China

BEIJING – Kakao Pay Corp., the mobile payment service unit of South Korean tech giant Kakao Corp., is rapidly growing in China’s fintech...

POSCO seeks partnership with CF Industries to produce blue ammonia

POSCO seeks partnership with CF Industries to produce blue ammonia

South Korea’s POSCO Holdings Inc. is seeking to produce blue ammonia in partnership with CF Industries Holdings Inc., the world’s larges...

Samsung C&T sells 3GW solar energy project in US to local firm

Samsung C&T sells 3GW solar energy project in US to local firm

Samsung C&T Renewables, the renewable energy corporation of South Korea's Samsung C&T Corp. in the US, announced on Thursday that it has s...

Kakao Mobility to build mobility-customized GenAI platform

Kakao Mobility to build mobility-customized GenAI platform

South Korea's Kakao Mobility has announced a vision to build an evolved platform with generative artificial intelligence (GenAI) specialized for mob...

S.Korea's Boryung gets gov’t OK for diabetes drug Trubuddy

S.Korea's Boryung gets gov’t OK for diabetes drug Trubuddy

South Korea’s Boryung Corp. on Tuesday said it received approval from the Ministry of Food and Drug Safety for its new compound diabetes drug ...

Kakao Mobility to collaborate with Indonesia on digital economy

Kakao Mobility to collaborate with Indonesia on digital economy

South Korea's Kakao Mobility announced on Tuesday that it is discussing ways to collaborate on building the digital ecosystem with major platform co...

Samsung signs contract to supply camera modules to US EV company

Samsung signs contract to supply camera modules to US EV company

Samsung Electro-Mechanics Co. has signed a contract to supply camera modules for vehicles to the US electric vehicle company. The company is believe...

Virtual bands, emerging stars to fuel global K-pop craze

Virtual bands, emerging stars to fuel global K-pop craze

Virtual bands have emerged as new stars to accelerate the K-pop craze across the world. An artificial girl quartet attracted more than 25 million vi...

Saudi Crown Prince bin Salman courts Korean AI startups as Riyadh, Abu Dhabi vie to build tech hubs K Shipbuilding up for sale as Korean shipyards ride new boom Samsung to buy US health tech firm Xealth in digital health push Korean waste management firm Koentec put on market for $730 mn US unveils 25% tariffs on S.Korea, sets Aug. 1 deadline for agreement