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POSCO mulls $3.3 bn investment in industrial cluster by 2033

POSCO mulls $3.3 bn investment in industrial cluster by 2033

South Korean steel giant POSCO Group said on Wednesday it will consider investing 4.4 trillion won ($3.3 billion) in the state-run industrial comple...

MBK Partners to buy Belgian chocolate brand Pierre Marcolini

MBK Partners to buy Belgian chocolate brand Pierre Marcolini

Private equity firm MBK Partners is set to acquire Pierre Marcolini, a Belgian chocolate brand called "Hermes of Chocolate."MBK bought the South Kor...

S.Korea's Com2verse releases metaverse virtual office

S.Korea's Com2verse releases metaverse virtual office

South Korean game company Com2uS Corp. announced on Wednesday that its metaverse subsidiary, Com2Verse, has released a YouTube video showcasing the ...

Welt gets second digital therapeutic device approval in S. Korea

Welt gets second digital therapeutic device approval in S. Korea

South Korea's Ministry of Food and Drug Safety announced on Wednesday that it has approved the cognitive therapy software "WELT-I" developed by We...

Shinhan Financial Chairman to hold overseas IR in Japan

Shinhan Financial Chairman to hold overseas IR in Japan

Shinhan Financial Group's Chairman Jin Ok-dong is set to embark on his first overseas business trip since taking office as chairman last month. From...

S.Korea’s hottest stock EcoPro may miss invitation from MSCI Korea in May

S.Korea’s hottest stock EcoPro may miss invitation from MSCI Korea in May

Cosmo Advanced Materials & Technology Co. and Hanwha Aerospace Co. are expected to join the MSCI Korea Index next month but South Korea’s ...

S.Korea’s five major companies form data network alliance

S.Korea’s five major companies form data network alliance

South Korea's five major companies have joined forces to make a combined data product that consolidates their respective information, ranging from c...

South Korea to Probe Circumstances Around Reported Leak of Classified U.S. Documents

South Korea to Probe Circumstances Around Reported Leak of Classified U.S. Documents

SEOUL—A South Korean official said the government was investigating the circumstances around a leak of highly classified U.S. documents that a...

HD Hyundai develops S.Korea's first offshore supply base for ammonia

HD Hyundai develops S.Korea's first offshore supply base for ammonia

HD Hyundai Co., the largest shipbuilding conglomerate in South Korea on Wednesday said it developed for the first time in the country a vessel for s...

China, India: Korean investors’ next stock investment targets

China, India: Korean investors’ next stock investment targets

The US stock market has long been the prime investment destination for South Korean investors, lured by the dynamics of the global top economy.With ...

Korea’s shaved ice dessert bingsu price up 30% on-year on inflation

 Korea’s shaved ice dessert bingsu price up 30% on-year on inflation

Inflation has hit almost every corner of the real economy in South Korea, and the country’s popular summer dessert bingsu is no exception, wit...

S.Korea releases guidelines on development of small modular reactors

S.Korea releases guidelines on development of small modular reactors

South Korea has released guidelines on the advancement of small modular reactors (SMR), a critical sector for the domestic nuclear power industry, u...

North Korea's first spy satellite launch imminent

North Korea's first spy satellite launch imminent

North Korean leader Kim Jong-un instructed officials to make preparations to launch its first military reconnaissance satellite as planned, the Nort...

LG Chairman to refine strategy for EV battery production

LG Chairman to refine strategy for EV battery production

Koo Kwang-mo, chairman of South Korea’s fourth-largest conglomerate LG, visited a cathode plant on Monday to review supply chains for the batt...

Samsung Store tops home appliance store in S. Korea

Samsung Store tops home appliance store in S. Korea

Samsung Store, Samsung Electronics Co.'s direct-to-consumer (D2C) channel, has exceeded Lotte Himart in domestic sales for the first time in its his...

S.Korea's data market is estimated at $19 bn last year

S.Korea's data market is estimated at $19 bn last year

The size of South Korea's data industry market is expected to exceed 25 trillion won ($18.96 billion) last year.According to the results of a surv...

Lotte Biologics to invest additional $48 mn in US plant

Lotte Biologics to invest additional $48 mn in US plant

South Korea’s Lotte Biologics Co. held a plaque ceremony on Monday to commemorate the acquisition of a pharmaceutical production plant from Br...

S.Korea’s KOTRA to aid domestic pharmaceutical firms in Japan entry

S.Korea’s KOTRA to aid domestic pharmaceutical firms in Japan entry

The government-run (South) Korea Trade-Investment Promotion Agency (KOTRA) announced on Tuesday that it will hold an export consultation meeting for...

Korea to adopt cornerstone investor system to vitalize IPOs

Korea to adopt cornerstone investor system to vitalize IPOs

South Korea is set to introduce a system of cornerstone investors who agree in advance to subscribe to a forthcoming listing with conditions of lock...

S.Korea’s character Baby Shark stars with Sesame Street’s Elmo

S.Korea’s character Baby Shark stars with Sesame Street’s Elmo

Baby Shark, the popular children’s character from South Korea’s family entertainment company Pinkfong, and Elmo, the famous red monster ...

Orion’s Turtle Chips launches in Vietnam, India

Orion’s Turtle Chips launches in Vietnam, India

South Korea's confectionary giant Orion Corp. is launching its popular snack "Kkobuk Chip" in Vietnam and India. Orion announced on Monday that it h...

Krafton, Naver Z to establish metaverse joint company

Krafton, Naver Z to establish metaverse joint company

Krafton Inc., a leading game developer in South Korea, is establishing a joint company for a metaverse platform business with Naver Z Corp., a metav...

Korail wins $13 million consulting project for Philippines' railway

Korail wins $13 million consulting project for Philippines' railway

South Korea's state-run railway company Korea Railroad Corporation (Korail), announced on Monday that it has secured a consulting contract to manage...

SK Telecom, Singaporean company collaborate on virtual production

SK Telecom, Singaporean company collaborate on virtual production

SK Telecom Co. announced on Monday that it has signed a memorandum of understanding (MOU) with Xon Studios and Singapore's virtual production specia...

Chairman of Polish defense company PGZ visits S.Korea

Chairman of Polish defense company PGZ visits S.Korea

Sebastian Chwalek, the chairman of Poland's state-owned defense industry company PGZ, is reportedly meeting with domestic Korean companies regarding...

POSTECH hits jackpot with stakes in POSCO companies on battery boom

POSTECH hits jackpot with stakes in POSCO companies on battery boom

Pohang University of Science and Technology (POSTECH), set up by South Korea’s steel giant POSCO Group in 1986 as a research university in the...

Specialty income by preferred securities, commercial MBS

Specialty income by preferred securities, commercial MBS

With a hamstrung US Federal Reserve, the global outlook for 2023 is one of cautious optimism for fixed income. As the Fed is unable to readily rescu...

S.Korea's Celltrion Healthcare launches Vegzelma in US

S.Korea's Celltrion Healthcare launches Vegzelma in US

South Korea's Celltrion Healthcare Co. on Monday said it launched on the US market Vegzelma, a biosimilar of Bevacizumab, a medication for colorecta...

IGIS, KKR delay plan to set up Seoul-based real estate JV

IGIS, KKR delay plan to set up Seoul-based real estate JV

IGIS Asset Management Co., the largest real estate investment firm in South Korea, and US private equity giant KKR & Co. have indefinitely postp...

S.Korea to dispatch key minerals investigation teams to Chile, Argentina

S.Korea to dispatch key minerals investigation teams to Chile, Argentina

South Korean government will dispatch a public-private partnership key minerals business survey team to Chile and Argentina to revitalize overseas r...

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

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