Toray to move into battery separator business

Toray Advanced Materials Korea Inc., a South Korea-based producer of chemical materials and technology products, is entering the battery separator f...

S.Korea's Mirae Asset, Hana Financial Group form security token tie-up

South Korea's Mirae Asset Securities on Thursday said it signed an agreement with Hana Financial Group on the security token consortium Next Finance...

NPS vows to raise alternative investment ratio, cut bond purchases

South Korea’s National Pension Service (NPS), the world’s third-largest public pension fund, plans to raise the ratio of its alternative...

Korean AI startup ActionPower poised to outdo OpenAI, Google: CEO

ActionPower Corp. founded in 2016 is small and young compared to Big Tech companies or heavily funded startups like OpenAI but it is mighty enough t...

SK Networks eyes partnership with US-based Bow Capital

SK Networks Co., a South Korean trading company, is seeking to form a partnership with Silicon Valley-based venture capital firm Bow Capital to dive...

Korea’s NPS likely to post 6.4% return for Q1 2023

National Pension Service (NPS) in South Korea achieved a 6.4% return on investment during the first quarter of this year, recovering some 73% of the...

LG Chem breaks ground on 4th cathode material plant in S.Korea

LG Chem Ltd., the top chemicals company in South Korea, said on Wednesday it broke ground on the country’s largest plant to produce carbon nan...

S.Korea to develop supercomputer for industrial use

South Korea is set to develop a supercomputer for industrial use as Asia’s fourth-largest economy lags far behind on the performance of such d...

S.Korea mulls adding national pension benefits to raise birth rate

South Korea's Ministry of Health and Welfare is considering adding national pension benefits for married couples to raise the ever-declining birth r...

Scammers set to exploit ChatGPT hype with fake apps in S.Korea

OpenAI’s sensational chatbot service ChatGPT is finally available in South Korea after its official launch last week, but its devotees in the ...

Hanwha Aerospace invests in US secondary battery startup

South Korea's Hanwha Aerospace Co. on Tuesday said it invested in Forge Nano, an American startup with precision nano-coating technology that exte...

POSCO Future M-GM JV to receive investment from Canadian gov’t

POSCO Future M Co., a unit of South Korean steel giant POSCO Holdings Inc., revealed on Monday that Ultium CAM, its joint venture with General Motor...

Seoul, Washington seek to release $7 bn Iranian funds frozen in S.Korea

South Korea and the US are discussing ways to release $7 billion worth of Iranian funds held in the Asian country as Seoul and Washington seek to im...

Schaeffler Korea to produce parts for hybrid cars, EVs

Schaeffler Korea Corp., the largest plain and roller bearing provider to automotive and industrial sectors in South Korea, is set to celebrate 70 ye...

LG Electronics to release monitor that folds neatly in bag

LG Electronics Inc. on Wednesday will release the portable screen and stand StanbyME Go, which targets the growing ranks of South Korea's campers as...

POSCO Int'l secures graphite supply from Tanzania

South Korea's POSCO International has signed a deal on the supply of natural graphite to strengthen its battery raw materials unit.The company on ...

S.Korea warns of stern response in case of N.Korea satellite launch

The launch of North Korea's first military reconnaissance satellite has entered a “countdown”. North Korea notified the Japanese governm...

S.Korean chips’ heavy reliance on China, US poses risk to national economy

South Korea’s semiconductor industry is more vulnerable to economic and industrial shifts in its key export markets than those of its rivals T...

Korea’s first integrated car plant being transformed into Kia’s EV base

GWANGMYEONG, Gyeonggi Province -- Kia Corp.'s oldest integrated auto plant — which is also South Korea’s first of its kind — was c...

Starbuck’s seasonal giveaways still popular in S.Korea

Starbucks Korea announced on Sunday that the amount of application access increased by 50% on average compared to the previous day on last Thursday,...

Mirae Asset’s US real estate fund faces heavy losses

A private fund for US real estate managed by South Korea’s Mirae Asset Global Investments Co. has seen huge losses amid the tumble of the offi...

Moody’s cuts credit view on KEPCO to lowest investment grade

Moody’s on Friday cut its view on KEPCO’s credit to the lowest investment grade, a move that could lead the rating agency to downgrade t...

S.Korea's Shift Up scouts former OpenAI engineer

South Korea's game develop and design studio Shift Up has hired AI developer Kim Tae-hoon, who hails from Silicon Valley, to enhance its game artifi...

S.Korea’s heated debate on domestic helpers from Southeast Asia

South Korea is embroiled in a heated debate on a program to recruit domestic helpers from Southeast Asia at lower rates than those paid to their Kor...

Renault Korea creates mobility exhibition hall in metaverse

Renault Korea announced on Friday that it plans to establish and run an automobile-related experiential space called Renault Korea Hub in the metave...

S.Korea gov’t urges caution on using Vietjet Air, AirAsia

South Korean consumers have witnessed a substantial rise in complaints related to Vietjet Air and AirAsia, popular low-cost carriers used for trav...

HanAll, Daewoong to develop Parkinson's treatment with US partner

South Korea's HanAll Biopharma Co. and Daewoong Pharmaceutical on Thursday said they concluded a contract with NurrOn Pharmaceuticals of the US on...

Naver Cloud builds S.Korea’s first 5G network at construction site

Naver Cloud for the first time in South Korea has launched a specialized 5G mobile communications network at an apartment construction site.The comp...

S.Korea's construction companies turn sector into high-tech battleground

South Korea's construction companies are aggressively employing state-of-the-art technologies such as artificial intelligence (AI), 3D modeling and ...

LG Energy's Ochang plant, Korea's EV cell mother factory

OCHANG, North Chungcheong Province -- LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, on Thursday for the ...