Bredis Healthcare, Tilda win June D.Day, Korea’s oldest startup pitch race

 Bredis Healthcare, Tilda win June D.Day, Korea’s oldest startup pitch race

An early-stage startup by young entrepreneurs who developed a digital diagnostic tool for brain disease and an AI-powered business optimization prog...

S.Korea's new hybrid car registrations in May exceed diesel's for first time

S.Korea's new hybrid car registrations in May exceed diesel's for first time

The number of newly registered hybrid cars in South Korea overtook that of diesel cars for the first time thanks to consumer focus on such models,...

Breitling launches 2nd Korea limited edition watch in 2023

Breitling launches 2nd Korea limited edition watch in 2023

Breitling, a luxury Swiss watchmaker, has launched a limited edition of one of its flagship models, the Chronomat B01 24, in South Korea, marking th...

Fifty Fifty label seeks investment from Silicon Valley

Fifty Fifty label seeks investment from Silicon Valley

The South Korean label behind K-pop rookie sensation Fifty Fifty is looking to Silicon Valley for investment as the four-girl band, already with a l...

S.Korea, Japan to resume finance ministers' meeting

S.Korea, Japan to resume finance ministers' meeting

South Korea's Ministry of Strategy and Finance announced on Friday that Kim Seong-wook, the ministry's Director of the Office of International Finan...

Korea inflation at 19-mth low; casts doubts over rate hike

Korea inflation at 19-mth low; casts doubts over rate hike

South Korea’s headline inflation fell for a fourth straight month in May to a 19-month low amid continuous signs of a slowdown in Asia’s...

S.Korea's Tada ride-hailing app introduces English service for foreigners

S.Korea's Tada ride-hailing app introduces English service for foreigners

South Korean ride-hailing platform TADA, operated by VCNC, announced on Thursday the introduction of an English language service to its app, in a mo...

South Korea hosts first Universo Ferrari exhibition in Asia

South Korea hosts first Universo Ferrari exhibition in Asia

For the first time in Asia, South Korea is hosting an event featuring the history of the Italian sports car brand Ferrari.Ferrari on Thursday opened...

S.Korea's trade deficit hits 15th straight month

S.Korea's trade deficit hits 15th straight month

South Korea last month suffered its 15th straight month of trade deficit, its longest streak since the 1997-98 Asian financial crisis, due to the de...

South Korea’s Hyundai Elevator applies AI to boost customer convenience

South Korea’s Hyundai Elevator applies AI to boost customer convenience

"Miri is a leading example of digital transformation in the elevator sector that raises a notch service speed and customer convenience. Let’s ...

S.Korea opens logistics center at Surabaya port, Indonesia

S.Korea opens logistics center at Surabaya port, Indonesia

South Korea said it opened a logistics center at a port in Surabaya, Indonesia, to support exports to Southeast Asia’s top economy.The Ministr...

S.Korea to bolster biotech R&D, benchmarking US' Boston

S.Korea to bolster biotech R&D, benchmarking US' Boston

South Korea is poised to boost the biotech industry by accelerating research, education and business partnerships with the biopharmaceutical sector ...

Korea's sovereign wealth fund directly exercises voting rights for first time

Korea's sovereign wealth fund directly exercises voting rights for first time

Korea Investment Corporation (KIC), the South Korean sovereign wealth fund, has begun actively exercising its voting rights in invested companies.Ac...

Toray to move into battery separator business

Toray to move into battery separator business

Toray Advanced Materials Korea Inc., a South Korea-based producer of chemical materials and technology products, is entering the battery separator f...

S.Korea's Mirae Asset, Hana Financial Group form security token tie-up

S.Korea's Mirae Asset, Hana Financial Group form security token tie-up

South Korea's Mirae Asset Securities on Thursday said it signed an agreement with Hana Financial Group on the security token consortium Next Finance...

Korean AI startup ActionPower poised to outdo OpenAI, Google: CEO

 Korean AI startup ActionPower poised to outdo OpenAI, Google: CEO

ActionPower Corp. founded in 2016 is small and young compared to Big Tech companies or heavily funded startups like OpenAI but it is mighty enough t...

Korea’s NPS likely to post 6.4% return for Q1 2023

Korea’s NPS likely to post 6.4% return for Q1 2023

National Pension Service (NPS) in South Korea achieved a 6.4% return on investment during the first quarter of this year, recovering some 73% of the...

LG Chem breaks ground on 4th cathode material plant in S.Korea

LG Chem breaks ground on 4th cathode material plant in S.Korea

LG Chem Ltd., the top chemicals company in South Korea, said on Wednesday it broke ground on the country’s largest plant to produce carbon nan...

S.Korea to develop supercomputer for industrial use

S.Korea to develop supercomputer for industrial use

South Korea is set to develop a supercomputer for industrial use as Asia’s fourth-largest economy lags far behind on the performance of such d...

S.Korea mulls adding national pension benefits to raise birth rate

S.Korea mulls adding national pension benefits to raise birth rate

South Korea's Ministry of Health and Welfare is considering adding national pension benefits for married couples to raise the ever-declining birth r...

Scammers set to exploit ChatGPT hype with fake apps in S.Korea

Scammers set to exploit ChatGPT hype with fake apps in S.Korea

OpenAI’s sensational chatbot service ChatGPT is finally available in South Korea after its official launch last week, but its devotees in the ...

Seoul, Washington seek to release $7 bn Iranian funds frozen in S.Korea

Seoul, Washington seek to release $7 bn Iranian funds frozen in S.Korea

South Korea and the US are discussing ways to release $7 billion worth of Iranian funds held in the Asian country as Seoul and Washington seek to im...

Schaeffler Korea to produce parts for hybrid cars, EVs

Schaeffler Korea to produce parts for hybrid cars, EVs

Schaeffler Korea Corp., the largest plain and roller bearing provider to automotive and industrial sectors in South Korea, is set to celebrate 70 ye...

LG Electronics to release monitor that folds neatly in bag

LG Electronics to release monitor that folds neatly in bag

LG Electronics Inc. on Wednesday will release the portable screen and stand StanbyME Go, which targets the growing ranks of South Korea's campers as...

S.Korea warns of stern response in case of N.Korea satellite launch

S.Korea warns of stern response in case of N.Korea satellite launch

The launch of North Korea's first military reconnaissance satellite has entered a “countdown”. North Korea notified the Japanese governm...

S.Korean chips’ heavy reliance on China, US poses risk to national economy

S.Korean chips’ heavy reliance on China, US poses risk to national economy

South Korea’s semiconductor industry is more vulnerable to economic and industrial shifts in its key export markets than those of its rivals T...

Korea’s first integrated car plant being transformed into Kia’s EV base

Korea’s first integrated car plant being transformed into Kia’s EV base

GWANGMYEONG, Gyeonggi Province -- Kia Corp.'s oldest integrated auto plant — which is also South Korea’s first of its kind — was c...

Starbuck’s seasonal giveaways still popular in S.Korea

Starbuck’s seasonal giveaways still popular in S.Korea

Starbucks Korea announced on Sunday that the amount of application access increased by 50% on average compared to the previous day on last Thursday,...

Mirae Asset’s US real estate fund faces heavy losses

Mirae Asset’s US real estate fund faces heavy losses

A private fund for US real estate managed by South Korea’s Mirae Asset Global Investments Co. has seen huge losses amid the tumble of the offi...

S.Korea's Shift Up scouts former OpenAI engineer

S.Korea's Shift Up scouts former OpenAI engineer

South Korea's game develop and design studio Shift Up has hired AI developer Kim Tae-hoon, who hails from Silicon Valley, to enhance its game artifi...

S.Korean game developer Krafton acquires Japan’s ADK for $517 million S.Korea's stablecoin frenzy fuels stock rally despite regulatory uncertainty SK Hynix joins Samsung in 200 trillion won market cap club Samsung on hiring spree to bolster US foundry sales LS Electric poised to join Nvidia's supply chain via Vertiv deal