S.Korea's DuChemBio localizes core materials of radiopharmaceuticals

S.Korea's DuChemBio localizes core materials of radiopharmaceuticals

South Korea's DuChemBio Co. announced on Thursday that it has obtained final approval for a recovery and purification facility for oxygen-18 concent...

Cosmax forms dedicated suncare OTC team

Cosmax forms dedicated suncare OTC team

Cosmax Inc., South Korea's largest cosmetics manufacturer that specializes in original design manufacturing (ODM), announced on Thursday the establi...

Korea’s household, business loans on upswing in September

Korea’s household, business loans on upswing in September

South Korea’s household debt continued to rise for the sixth consecutive month in September despite stricter regulations on mortgages, while b...

Netmarble's Marblex listed on Zaif in Japan

Netmarble's Marblex listed on Zaif in Japan

Marblex, a blockchain subsidiary of the South Korean game developer Netmarble Corp., announced on Thursday that it has listed its cryptocurrency Mar...

Ably, Meta develop AI-based ad measurement tech

Ably, Meta develop AI-based ad measurement tech

South Korean fashion commerce platform Ably Corp. on Thursday announced the world’s first artificial intelligence (AI)-based technology for as...

POSCO International, GS Caltex to build palm oil refinery in Indonesia

POSCO International, GS Caltex to build palm oil refinery in Indonesia

South Korea’s POSCO International Corp. and GS Caltex Corp. on Thursday signed a $210 million deal to build a bio feedstock refinery facility ...

S.Korean vaccine developer Quratis eyes Iraqi market

S.Korean vaccine developer Quratis eyes Iraqi market

South Korean vaccine developer Quratis Inc. on Wednesday announced its signing of a term sheet on the direction and major transaction terms of coope...

Mirae Asset Securities puts its Yeouido building on the market

Mirae Asset Securities puts its Yeouido building on the market

Mirae Asset Securities Co. is seeking to sell off its Seoul-based office building, the value of which is estimated at around 300 billion won ($223.7...

Shinsegae targets global luxury cosmetics market with own brand

Shinsegae targets global luxury cosmetics market with own brand

South Korea’s Shinsegae International Inc. targets the global luxury cosmetics market with its own house brand as it aims to transform into a ...

Amazon bets big on Korea digital transition with new spending

Amazon bets big on Korea digital transition with new spending

Amazon Web Services Inc. (AWS), the world's largest cloud platform provider, said on Wednesday it will nearly triple its investment in South Korea t...

HD KSOE to invest $48 mn in European fuel cell company

HD KSOE to invest $48 mn in European fuel cell company

HD Korea Shipbuilding & Offshore Engineering (KSOE) announced on Wednesday that it plans to invest 45 million euros ($47.7 million) in the Europ...

Korean startups join push to champion satellite data analytics market

Korean startups join push to champion satellite data analytics market

Artificial intelligence is making big changes everywhere, even in space. Joining an AI-controlled space war, South Korean startups armed with AI tec...

Hyundai Wia showcases autonomous parking robot

Hyundai Wia showcases autonomous parking robot

South Korea’s No. 2 automotive parts supplier Hyundai Wia Corp. announced its participation in the country's largest robotics industry exhibit...

Hanwha Group chair calls for startup-like entrepreneurial spirit

Hanwha Group chair calls for startup-like entrepreneurial spirit

South Korea’s Hanwha Group Chairman Kim Seung-youn on Monday urged the defense-to-financial conglomerate to revive the bold innovations of its...

Vuno's brain imaging AI medical device secures FDA certification

Vuno's brain imaging AI medical device secures FDA certification

South Korea's medical device startup Vuno announced on Tuesday that its AI-powered brain quantification device Vuno Med-DeepBrain has received the 5...

S.Korea’s Gopizza to open branch at Singapore Changi airport

S.Korea’s Gopizza to open branch at Singapore Changi airport

South Korean food tech startup Gopizza, known for its single-serving pizza prepared by robots, on Tuesday said it will open a branch on Nov. 1 at Si...

S.Korea’s petrochemical, steel firms open online shopping malls

S.Korea’s petrochemical, steel firms open online shopping malls

South Korea’s petrochemical and steel companies, which mainly engage in business-to-business transactions, are opening or running a string o...

Lotte Chemical sells JV stakes in China, eyes other profitable markets

Lotte Chemical sells JV stakes in China, eyes other profitable markets

South Korea’s Lotte Chemical Corp. has sold its entire stakes in joint ventures with Chinese partners as the Korean company faces a supply glu...

Samsung to develop Galaxy Fold, Flip-customized games

Samsung to develop Galaxy Fold, Flip-customized games

Samsung Electronics Co., the world’s top smartphone maker by volume, is developing mobile games customized to its Galaxy Fold and Flip series ...

Dollar/won in wildest swing in 13 yrs despite intervention

Dollar/won in wildest swing in 13 yrs despite intervention

The South Korean won suffered its wildest fluctuation against the dollar this year since 2010, shrugging off heavy dollar-selling intervention by lo...

Apple, Google may face $50.4 mn fine over in-app billing in Korea

Apple, Google may face $50.4 mn fine over in-app billing in Korea

Apple Inc. and Alphabet Inc.’s Google may be fined up to 68 billion won ($50.4 million) in South Korea for breaking the country’s in-app...

KAI participates in International Astronautical Congress 2023

KAI participates in International Astronautical Congress 2023

Korea Aerospace Industries Ltd. (KAI), South Korea's sole military aircraft manufacturer, participated in the 74th International Astronautical Congr...

Microsoft ties up with Korean startup Wrtn on AI solutions

Microsoft ties up with Korean startup Wrtn on AI solutions

Microsoft Corp. and a South Korean artificial intelligence portal startup Wrtn Technologies Inc. joined hands for the generative AI service based on...

Korean bond market squeezed by maturing debt, new issues

Korean bond market squeezed by maturing debt, new issues

South Korea’s corporate bond market is saddled with a massive amount of debt due later this year and a surge in banks' new bond issues, amid h...

BMW premieres new 5 Series in Korea, the model’s top market

BMW premieres new 5 Series in Korea, the model’s top market

German carmaker BMW Group on Thursday premiered its latest 5 Series premium sedan in South Korea, an indication of the growing importance of the Asi...

S.Korea’s corporate R&D spending lags global rivals

S.Korea’s corporate R&D spending lags global rivals

Major South Korean companies’ spending on research and development lags investments made by their global competitors due to lower government t...

S.Korea to spur startup investments with eased rules

S.Korea to spur startup investments with eased rules

South Korea will deploy at least 10% of a state-backed fund of funds (FoF) to venture capital investment dedicated to small startups every year, the...

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...

Canada's Tim Hortons to open 2nd store in Gangnam

Canada's Tim Hortons to open 2nd store in Gangnam

Canada's No. 1 coffee chain Tim Hortons announced on Thursday that it plans to establish its second South Korean flagship store at the bustling Te...

Korea expects inflation to ease from Oct after 5-month high

Korea expects inflation to ease from Oct after 5-month high

South Korea predicted headline inflation to ease from October after hitting a five-month high last month, adding to expectations that the central ba...

Fictional K-pop band Saja Boys beat BTS, Blackpink to top US Spotify charts S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan