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Yoon’s US visit to test Biden’s trust as ally over chip, battery issues

Yoon’s US visit to test Biden’s trust as ally over chip, battery issues

South Korean President Yoon Suk Yeol’s summit meeting with his US counterpart Joe Biden next month will celebrate 70 years of the Korea-US sec...

S.Korea pledges steps to attract more foreign investment

S.Korea pledges steps to attract more foreign investment

South Korea will boost foreign investment in the country through increased incentives and deregulation, Finance Minister and Deputy Prime Minister C...

Korea won sees largest drop in 1 month on hawkish Powell

Korea won sees largest drop in 1 month on hawkish Powell

The South Korean won currency on Wednesday suffered its largest depreciation in more than a month as Federal Reserve Chairman Jerome Powell signal...

S.Korea's DB HiTek to split off fabless, bulk up foundry business

S.Korea's DB HiTek to split off fabless, bulk up foundry business

DB HiTek Co., a leading chipmaker in South Korea, said on March 7 it is set to split off its fabless unit by May 2 to ramp up its foundry business.D...

S.Korea's SK Ecoplant, POSCO develop K-floating body with domestic tech

S.Korea's SK Ecoplant, POSCO develop K-floating body with domestic tech

South Korea's SK Ecoplant Co. and POSCO on Wednesday said they secured basic design certification from the Norwegian classification body DNV for "K-...

GS Caltex, KOEN to establish clean hydrogen hub in Korea

GS Caltex, KOEN to establish clean hydrogen hub in Korea

GS Caltex Corp., a South Korean oil refiner jointly owned by Chevron and GS Group, announced a partnership with Korea South-East Power Co., Ltd. (KO...

Hyundai Eng. completes Lemba-Imbu water purification plant in DR Congo

Hyundai Eng. completes Lemba-Imbu water purification plant in DR Congo

Hyundai Engineering, a South Korean construction contractor, held a completion ceremony for the "Lemba-Imbu water purification plant phase 1 project...

Korea’s sole foreign clinic operator CHA Healthcare to go public in 2025

Korea’s sole foreign clinic operator CHA Healthcare to go public in 2025

CHA Healthcare Co. operating nearly 90 hospitals and infertility treatment centers across the world, is set to pave the way for South Koreans' inves...

Ascent Korea raises $25 mn to expand its search data analysis solution

Ascent Korea raises $25 mn to expand its search data analysis solution

Ascent Korea, a South Korean startup that provides an artificial intelligence-based solution to analyze search data and identify users’ hidden...

S.Korea's builders diversify biz portfolios to waste battery, other sectors

S.Korea's builders diversify biz portfolios to waste battery, other sectors

South Korea's construction companies are exploring other sectors to find new growth engines amid deteriorating profitability in the housing industry...

Korea's AI startup Quantit attracts $23 mn Series A investment

Korea's AI startup Quantit attracts $23 mn  Series A investment

South Korea's artificial intelligence (AI) company Vaiv Company Inc. announced on Tuesday that Quantit, its fintech subsidiary, has received a 30 bi...

S.Korea to establish voluntary carbon credit exchange

S.Korea to establish voluntary carbon credit exchange

South Korea will introduce a voluntary carbon market (VCM) later this year, which is expected to broaden the scope of carbon credits and speed up ef...

S.Korea lags Taiwan in GNI per capita for first time since 2002

S.Korea lags Taiwan in GNI per capita for first time since 2002

South Korea’s gross national income (GNI) per capita dropped 7.7% on-year last year, coming in below that of its smaller rival Taiwan for the ...

Korean lawmakers mull higher chip tax credits, battery subsidies

Korean lawmakers mull higher chip tax credits, battery subsidies

South Korea’s main opposition party will propose higher tax credits and subsidies for domestic chipmakers and battery manufacturers as early a...

S.Korea reigned supreme on global shipbuilding market in February

S.Korea reigned supreme on global shipbuilding market in February

South Korea’s shipbuilding industry has blown away that of China in order volume.Clarkson Research, a British shipbuilding and shipping market...

Korea's Indent Corp. raises $8 mn for AI-based video review marketing

Korea's Indent Corp. raises $8 mn for AI-based video review marketing

Indent Corporation, a South Korean startup that operates an AI-based video review marketing solution called VReview, announced on Tuesday that it ha...

Hankook & Co. buys autonomous driving tech startup 3Secondz

Hankook & Co. buys autonomous driving tech startup 3Secondz

Hankook & Company Co., a South Korean holding company that owns tire and mobility businesses, said on Tuesday that it has acquired the autonomou...

S.Korea's LS Materials set to boost earnings ahead of IPO process

S.Korea's LS Materials set to boost earnings ahead of IPO process

LS Materials Co., a South Korean energy storage devices maker, is slated to ramp up earnings to accelerate its initial public offering process this ...

Korea clears environmental hurdle for new Jeju airport

Korea clears environmental hurdle for new Jeju airport

South Korea’s environment ministry conditionally approved the construction of a new airport on Jeju Island with a 6.7 trillion won ($5.2 billi...

Korea's SK Telecom jointly develops AI patrol robots

Korea's SK Telecom jointly develops AI patrol robots

SK Telecom Co., along with its partner firms, will develop artificial intelligence (AI) robots that will replace security guards patrolling around s...

US burger giant Five Guys set for June S.Korea debut

US burger giant Five Guys set for June S.Korea debut

Five Guys, one of the top three burger brands in the US, will open in June its first branch in South Korea in Seoul’s posh Gangnam District. W...

Global PC, tablet market to shrink over 10% in 2023: research

Global PC, tablet market to shrink over 10% in 2023: research

The global market for personal computers and tablets is expected to shrink by more than 10% this year, as the demand for remote work and learning de...

S.Korea's imports of Japanese beer in January hit $2 million

S.Korea's imports of Japanese beer in January hit $2 million

Japanese beer imports in January exceeded $2 million, the most since a bilateral row erupted in July 2019 after Japan imposed export restrictions on...

KTO promotes travel to Korea in ITB Berlin

KTO promotes travel to Korea in ITB Berlin

The Korea Tourism Organization announced on Monday its participation in ITB Berlin 2023, the world's largest tourism fair held in Berlin, Germany, f...

Concerned about CHIPS Act, Korea says US investment less attractive

Concerned about CHIPS Act, Korea says US investment less attractive

South Korea on Monday expressed concerns about the guidelines of the US Chips and Science Act, saying that some of the conditions the US government ...

Apple Pay's S.Korea debut as early as third week in March

Apple Pay's S.Korea debut as early as third week in March

Apple Pay, the mobile payment service by iPhone maker, is set to launch in as early as two weeks in South Korea, home to the world’s largest s...

Global smartphone shipments to edge lower in 2023: IDC

Global smartphone shipments to edge lower in 2023: IDC

Global smartphone shipments will decline 1.1% this year to 1.2 billion units, down from the previous 2.8% growth forecast due to weak demand and m...

S.Korea's Fly Gangwon kicks off international air cargo service

S.Korea's Fly Gangwon kicks off international air cargo service

Fly Gangwon, a South Korean low-cost carrier, announced on Monday the launch of its international air cargo transportation service on the Taipei rou...

Korea’s SPC Samlip, Siam Makro to tie up for Thai bakery business

Korea’s SPC Samlip, Siam Makro to tie up for Thai bakery business

SPC Samlip Corp., a unit of South Korea’s food and bakery giant SPC Group, said on Monday it has forged a business partnership with Siam Makro...

S.Korea-Indonesia central banks renew currency swap agreement

S.Korea-Indonesia central banks renew currency swap agreement

Central banks of South Korea and Indonesia renewed a bilateral local currency swap arrangement to keep supporting trade and financial cooperation fo...

Is chip winter over? Doomsayers gone as Korea’s DRAM exports surge S.Korea to have 1st civilian defense minister in decades, tap career technocrats Fubon Bank expands Korea presence into banking Hana Asset launches ultra-low-fee Nasdaq 100 ETF Even barcodes copied: Counterfeits invasion threatens K-brands

Korea G-STAR 2023

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