LG CNS chosen design consultant for Indonesia's $38 bn smart city project

LG CNS Co., a South Korean major information technology service provider, is set to consult on the design of an Indonesian smart city project worth ...

K-bio firms embrace gene therapy CDMO as Samsung looks the other way

South Korea’s major biopharmaceutical companies are rapidly embracing the cell and gene therapy business under a contract drug-making mechanis...

Six major Korean firms tie up with Petronas for carbon biz

South Korea’s six biggest companies joined hands with Malaysia’s state energy firm Petroliam Nasional Berhad (Petronas) for the carbon c...

Chinese game Genshin Impact's summer fest draws large crowds in Seoul

Shanghai-based game developer and publisher miHoYo Co. on Wednesday wrapped up its well-attended week-long Genshin 2022 Summer Festival in Seoul.&nb...

Samsung Elec. plans unmanned factories on manpower shortage

Samsung Electronics Co., the world’s top memory chipmaker, is seeking unmanned factories in a move that other major South Korean manufacturers...

Hyundai Doosan Infracore declares 1st cash dividend in 14 years

Hyundai Doosan Infracore Co., a South Korean construction equipment company, will pay dividends to its shareholders for the first time in 14 years.A...

SK Geo Centric, Veolia join forces to lead Asia’s plastic recycling business

SK Geo Centric, an SK Innovation Co. subsidiary focused on the eco-friendly chemical business, joined hands with Paris-based Veolia Environnement S....

S.Korean defense stocks boosted by $7.6 bn deal with Poland

South Korean defense stocks got a boost from a 10 trillion-won ($7.6 billion) export deal with Poland announced last week. Korea Aerospa...

Korean DL E&C to enter SMR biz with Canada’s Terrestrial

South Korea’s construction company DL E&C Co. is set to make inroads into the small modular reactor (SMR) business for future growth ...

South Korea to cut red tape, raise student quota to grow chip talent

South Korea, home to the world’s two largest memory chipmakers, said on Tuesday it will cut administrative red tape and ease the restrictive s...

Korea to raise cash support on foreign investments in key sectors

South Korea plans to spend more cash on attracting foreign investments in high-tech and core supply chain industries as foreign direct investment to...

LG Uplus aims to recycle 100% of industrial waste in 3 years

LG Uplus Corp. announced it will recycle 100% of industrial waste from its plants by 2025.The mobile network arm of LG Corp. published a report titl...

Samsung Engineering wins $680 mn gas plant project in Malaysia

Samsung Engineering Co. has won a $680 million gas plant construction order in Malaysia from UK-headquartered energy giant Shell plc’s subsidi...

Hyundai Motor to build 1st Korea plant in 29 years

Hyundai Motor Co., South Korea’s top automaker, is set to build a domestic electric vehicle plant in its first local production investment i...

Korea, game developers in tug of war over P2E genre

A battle over play-to-earn (P2E) games in South Korea between the government and the industry has yet to show any signs of abating as the authority ...

Hyundai E&C, Samsung Eng. partner with Saudi Aramco

South Korea’s Hyundai Engineering & Construction (Hyundai E&C) Co. and Samsung Engineering Co. were selected as official partners of N...

Krafton founder: Robotics, deep learning should be S.Korea’s future

Krafton Inc. founder and chairman Chang Byung-gyu is a rare example of a serial entrepreneur in South Korea – a country dominated by family-ow...

Hyundai Motor scraps LNG plant construction plan

Hyundai Motor Co. has scrapped a plan to build a liquefied natural gas (LNG)-fueled plant to power its main production lines in South Korea due to a...

NCSOFT publishes second ESG report with a playbook concept

NCSOFT Corp., a leading South Korean game developer, has published its second annual sustainability report using a playbook map concept. The re...

Samsung Eng. to invest in Vietnam for SE Asia water biz

Samsung Engineering Co. agreed to spend $41 million on Vietnam’s largest private water treatment company for the eco-friendly business in Sout...

SK Materials, Showa Denko to jointly seek US semiconductor gas business

SK Materials Co., an industrial gas manufacturing affiliate of South Korea’s SK Inc., and Japanese chemicals company Showa Denko K.K. have agr...

Samsung to fuel rivalry with Sony in mobile image sensor market

Samsung Electronics Co. is set to narrow the gap with bigger competitor Sony in the global image sensor market. The South Korean tech giant introduc...

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...

Tech experts to discuss future mega-trends at KIF 2022

The Korea Investment Festival (KIF), the largest annual investor relations (IR) event in South Korea, will be held June 29-30 at the Fairmont Ambass...

Netmarble to officially launch Seven Knights Revolution on July 28 

Netmarble Corp. is poised to officially launch its latest game Seven Knights Revolution on July 28 in South Korea. The South Korean mobile game...

Korea Inc. hit by rising commodity prices, weak won, supply crisis

South Korea’s major industries, especially the petrochemical and auto parts sectors, are suffering from surging global commodity prices, a wea...

Chemical makers to halt plants as truck driver strike deepens

South Korea’s petrochemical companies are set to halt operations as the work stoppage by unionized truck drivers stretched into an eighth day ...

Danfoss installs energy-saving heating systems in Korea's tallest building

SONDERBORG, Denmark – Denmark’s eco-friendly energy system provider Danfoss has made inroads into South Korea, installing its energy-eff...

LB Investment submits preliminary IPO assessment request to KRX

LB Investment has submitted a preliminary assessment request to the Korea Stock Exchange, the first step to an initial public offering. It chose Mir...

Industrial losses balloon as Korean trucker strike enters 7th day

South Korea’s manufacturing sector faces ballooning losses across industries as the trucker strike entered its seventh day on Monday, disrupti...