South Korea to double stockpiles of rare-earth minerals

South Korea's Ministry of Trade, Industry and Energy said on Friday it will double the government's stockpiles of rare-earth minerals and halve thei...

SK Telecom applies mobile edge computing tech in US

SK Telecom Co. said on Thursday it had transmitted terrestrial broadcasting in the US capital of Washington D.C. using mobile edge computing (MEC) a...

MBK signs $2 bn deal to acquire 3D dental scanner firm Medit

Asia-focused private equity firm MBK Partners is acquiring Medit Corp., the world’s third-largest 3D dental scanner maker, for 2.45 trillion w...

POSCO Gwangyang Works obtains green data center certificiation

POSCO Gwangyang Works, one of the two pillar steel mills of POSCO Holdings Inc. together with Pohang Works, obtained a Green Data Center Bronze Grad...

KAI, KARI collaborate in developing Korean UAM 

Korea Aerospace Industries Ltd. (KAI) has signed an agreement with the Korea Aerospace Research Institute (KARI) to help KARI perform a dry run test...

KFTC acts on Amazon's large share of S.Korea's cloud market

Amazon controls around 70% of South Korea's cloud market, followed by Microsoft in second and Google and Naver Corp. fighting for third place.The Ko...

S.Korea's Medicox boosts unit for oral insulin, medical cannabis

South Korea's Medicox Co. on Wednesday said it will raise 40 billion won ($32 million) to boost its unit for oral insulin and cannabidiol (CBD).The ...

Naver D2SF makes follow-up investment in fashion startup Onthelook

Naver D2SF, Naver Corp.'s startup investment arm, made a follow-up investment in fashion content startup Onthelook.The company said on Wednesday tha...

Korea’s 1st moon probe Danuri enters lunar orbit; world’s 7th mission

South Korea on Wednesday became the world’s seventh country to send a lunar orbiter to the moon, joining other advanced countries in a heated ...

Hankook Tire supplies tires to Nissan's new X-Trail SUV

Hankook Tire & Technology said on Tuesday it would supply its ultra-high-performance sports tire Ventus S1 evo3 SUV to Nissan's fourth-generatio...

Young Poong Precision to increase control over Korea Zinc

Young Poong Precision Corp., an industrial pump and chemical plant valve maker under South Korea's Young Poong Group, is aggressively increasing con...

Korea auto output to increase slightly in 2023: research

Domestic automobile output next year is forecast to increase 1.4% over this year to 3.7 million units.The Korea Automobile Manufacturers Association...

Korea Fair Trade Commission opens unit to review global M&As

The Korea Fair Trade Commission (KFTC) on Tuesday said it will open a division specifically for reviewing global M&As given the recent growth of...

NPS will intensify shareholder engagement, new CIO says

Seo Won-joo, the new chief investment officer of the National Pension Service (NPS) of South Korea, said on Dec. 27 that the pension fund will stren...

TIGER KEDI30 ETF tops Korean retail investors’ themed stock buy list

The TIGER KEDI30 ETF has topped the list of the most purchased exchange-traded funds (ETFs) by South Korea’s individual investors in the theme...

Standard Chartered's director attributes ESG success to board-led decisions

When it comes to the banking sector's environmental, social, and governance (ESG) efforts, an industry veteran says the success depends on the chief...

SK Inc. gets highest AAA grade in MSCI's ESG rating

SK Inc., SK Group's investment arm, won the highest AAA ratings from both Morgan Stanley Capital International (MSCI) and the Dow Jones Sustainabili...

Chinese regulator approves Korean Air-Asiana merger

The merger between South Korea's two leading airlines Korean Air Lines Co. and Asiana Airlines Inc. passed a hurdle as China's antitrust watchdog ga...

Net assets of S.Korea's ETF rise to $63.1 billion despite stock woes

Despite South Korea's weak stock market this year, the exchange-traded fund (ETF) sector, which marked its 20th anniversary, maintained a clear grow...

Hanwha revs up to acquire STX Heavy Industries, following DSME purchase

Hanwha Corp. is revving up to acquire STX Heavy Industries, which provides parts and technical support for marine engines, shipbuilding equipment, a...

NPS fund management taps former GEPS CIO Seo as new chief

National Pension Service (NPS) of South Korea, the world's third-largest pension fund, has tapped Seo Won-joo as the new chief investment officer, a...

Self-driving bus running on main roads launched for first time in S.Korea

South Korea in a first for the country has launched self-driving buses running on bus rapid transit (BRT) routes.The Ministry of Land, Infrastructur...

Korea’s big bio startups to launch $39 mn investment fund

South Korea’s four leading biotech firms plan to launch an investment fund of up to 50 billion won ($39 million) to support smaller domestic b...

Italian envoy to Korea says what works in Korea works globally

Italian Ambassador to South Korea Federico Failla said that as both Italy and Korea cherish and prioritize the importance of tradition and innovatio...

S. Korea foresees recession in falling freight prices, wages

Global ocean freight prices are falling amid a darkening outlook for South Korea, as Asia’s fourth-largest economy heavily depends on overseas...

CJ ENM sets up brand incubator Brandworks Korea

South Korean entertainment powerhouse CJ ENM Co. plans to foster the brand incubating business and promote sales through Brandworks Korea, the compa...

Korea's int'l passenger traffic exceeds domestic for 1st time since pandemic

The volume of international passengers in South Korea has exceeded that of domestic flights for the first time since the outbreak of the COVID-19 pa...

85% of S.Korea's Gen MZ have contactless savings accounts

A study finds 90% of South Korea's Generation MZ, a demographic comprising millennials and Generation Z members born between 1981 and 2010, use cont...

South Korea doubles gov't fintech innovation fund to $781 million

The South Korean government will double the value of its Fintech Innovation Fund, a source of financial support for the financial technology or fint...

SK may sell assets in Vietnam, Malaysia to raise billions of dollars

South Korean conglomerate SK Group is considering selling some of its assets in Vietnam and Malaysia owned by its investment vehicle SK South East A...