SFA to acquire 28% stake in CIS to lead renewable battery equipment sector

South Korea’s general equipment manufacturer SFA Engineering Corp. is poised to acquire CIS Corp., a renewable battery production equipment ma...

Kakao Games to launch Eversoul with 1.3 mn pre-orders

Kakao Games Corp., a game publishing unit of South Korean tech giant Kakao Corp., said on Dec. 23 it will launch the global service of mobile role-p...

Launch of Innospace's Hanbit-TLV rocket called off due to technical glitch

The Ministry of Science and ICT announced on Wednesday that it will invest 350 billion won ($273 million) to build a rocket launch site, which will ...

Korea’s local govts gear up to lure Tesla for Gigafactory

All of South Korea’s major municipal governments are gearing up to be considered as the site of a new Gigafactory, Tesla Inc.’s manufact...

KAI to develop Korea's first mine-sweeper helicopter

Korea Aerospace Industries Ltd. (KAI) is poised to start R&D on a minesweeper helicopter that specializes in removing underwater mines.The compa...

Korea-China air flights set to rise with Beijing’s eased zero-COVID policy

Air flights between South Korea and China are set to rise significantly next year with the Chinese government issuing new guidelines easing its stri...

Dating My Best Friend’s Sister becomes webtoon in Korea

Dating My Best Friend’s Sister, a famous romance fiction by USA Today Bestselling author Violet Paige serialized on Radish, the web novel plat...

Lunit to export breast cancer detecting solutions to Hong Kong, Mongolia

South Korea's AI-based medical imaging equipment firm Lunit will export AI breast cancer diagnosis solutions to large hospitals in Hong Kong and Mon...

S.Korea to introduce mandatory offer for takeover deals

South Korea is set to require a takeover bidder for a listed company to buy stakes held by small shareholders at the same price to be paid to a majo...

S.Korea's CJ Logistics launches AI-based freight transportation platform

South Korea's CJ Logistics on Thursday said it launched The Unban, a freight transportation platform that directly connects senders and freight truc...

US non-agency mortgage-backed securities to shine in 2023: TCW

Amid the tightening of the Federal Reserve, among the most impacted asset classes were agency mortgage-backed securities (MBS), issued by US governm...

Women break glass ceiling in South Korea's advertising sector

Major advertising agencies in South Korea have appointed women to the position of vice president. Because advertising is a field in which women are ...

LG Uplus enters Korea’s EV charging service market with VoltUp app

LG Uplus Corp., a South Korean mobile carrier, is entering the domestic electric vehicle charging service market by launching a service platform, Vo...

KTNET shows off logistics platform for tracking cargo, documents

The Korea Trade Network (KTNET) held a grand opening event for its uTH 2.0, a digital trade logistics platform, in partnership with the Korea Intern...

Vietnam emerges as South Korea's No. 3 trading partner

Vietnam will finish this year as South Korea's No. 3 trading partner and the country with which the latter has the largest trade surplus, a study ha...

Samsung Chairman Jay Y. Lee flies to Vietnam for global business

Samsung Electronics Co. Chairman Jay Y. Lee embarked on a business trip to Vietnam on Wednesday to attend an opening ceremony for a research and dev...

Naver D2SF makes investment in US sleep tech company PranaQ

Naver Corp.'s startup nurturing organization D2SF has newly invested in PranaQ, a US sleep tech startup. This is the 100th investment since the comp...

Stayfolio receives $7.7 mn in Series A investment

South Korea's property-rental platform Stayfolio announced on Wednesday that it has won 10 billion won ($7.7 million) worth of additional investment...

S.Korea's Lithium Plus succeeds in mass-producing lithium hydroxide

Lithium Plus, the S.Korean lithium materials company, said on Wednesday that it has succeeded in mass-producing battery-grade ultra-high-purity lith...

LG Chem invests $18.6 million in battery recycler JaeYoung Tech

South Korea's LG Chem Ltd. is accelerating its entry into the North American battery recycling market by joining forces with JaeYoung Tech, a Korean...

Korea to allow investors to sell stocks at pre-split-off values

South Korea is set to allow individual shareholders to sell their stocks at prices before a split-off if they oppose a company’s separation pl...

SK E&S builds world's largest production base for blue hydrogen

South Korea's SK E&S has accelerated a blue hydrogen project in Boryeong, South Chungcheong Province, in what will be the world's largest comple...

Hyundai becomes younger with 1 in 3 new executives in their 40s

South Korea’s Hyundai Motor Group, which owns Hyundai Motor Co. and Kia Corp., has carried out a year-end mid-tier executive reshuffle marked ...

Mirae Asset introduces AI investment info service

Mirae Asset Securities Co. said on Tuesday it had introduced two domestic stock artificial intelligence (AI) reporting services through its mobile t...

Korean kids' future career choices are athletes, teachers, YouTubers

A survey revealed that the number of middle and high school students who opted for computer engineers and software developers as their future career...

HLB Therapeutics signs contract for COVID vaccine distribution rights

South Korea's pharmaceutical firm HLB Therapeutics Co. said on Monday that it has signed an agreement with the Korea Disease Control and Prevention ...

Korea’s Poongsan earnings to improve on copper rebound

Poongsan Corp., South Korea’s top copper processing company, is expected to benefit as China’s exit from the zero-COVID policy bolstered...

S.Korea's CMG Pharmaceutical opens animal medicine unit

CMG Pharmaceutical, a subsidiary of South Korea's CHA Biotech, on Monday announced the launch of an animal medicine unit and entry into the market f...

LG Energy to spend $3.1 bn on 4680 battery plant in S.Korea

LG Energy Solution Ltd., the world’s No. 2 electric vehicle (EV) battery maker, is poised to spend $3.1 billion on facilities in South Korea t...

Hyundai Motor to supply 3,000 vehicles to Libya's disabled

Hyundai Motor Co. said on Sunday that it had signed an agreement to supply vehicles to Libya's disabled through the Social Solidarity Fund, an agenc...