South Korea sets sights on fostering EDA tech to win HBM chip war

In an escalating war in the semiconductor industry, insiders know there’s one technology critical for gaining chip supremacy: Electronic desig...

S.Korea sees foreign visitors 95% of pre-pandemic

The Korea Tourism Organization (KTO) announced on Friday that the number of foreign tourists visiting South Korea in May was 1.42 million, an increa...

Naver Whale features in Renault Korea vehicles

South Korea’s homegrown web browser Whale, developed by Naver Corp., will be installed in Renault Korea cars. Naver Cloud announced on Friday...

Duty-free stores: Golden goose gone for Korean retailers

South Korea welcomed a record-high number of post-pandemic foreign tourist arrivals for a single quarter in the first three months of this year, but...

S.Korea’s consumer goods exports to top $100 bn in 2024: KOTRA

South Korea is projected to reap more than $100 billion from selling the country’s consumer goods overseas this year. Exports of such products...

Hanwha, Taihan to spur global sales of extra-high voltage cables

Hanwha Solutions Corp., the chemical and renewable energy unit of South Korea’s No. 7 conglomerate Hanwha Group, and Taihan Cable & Soluti...

Woori to buy Dajia’s insurers in Korea for up to $2.2 bn

Woori Financial Group Inc., South Korea’s fourth-largest financial services holding company, is set to acquire China’s Dajia Insurance G...

Korea to inject $200 mn into semiconductor packaging R&D

South Korea will inject 274.4 billion won ($200 million) into a state-run R&D project for semiconductor packaging technology, a key to producing...

Tencent-backed Shift Up to raise up to $313 mn in IPO

Shift Up Corp., the South Korean game developer behind the global hit game “Goddess of Victory: Nikke,” could raise up to 435 billion wo...

SK On to sell $360 mn in perpetual bonds amid tough EV market

SK On Co., the world’s fifth-largest electric vehicle battery maker, plans to sell 500 billion won ($359.6 million) in its first perpetual bon...

SK Innovation-backed Marine Innovation looks to enter US green market

Marine Innovation Co., a South Korean eco-friendly social venture company sponsored by the country’s top energy firm SK Innovation Co., is par...

Korea's bet on US assets up on bull stocks, EV incentives

South Korea’s financial assets in the US hit a record high last year due to the US stock market rally and Korean companies’ capital inje...

KAI inks $1.4 bn supersonic fighter jet mass production deal

Korea Aerospace Industries Ltd. (KAI), the country’s sole military aircraft manufacturer, said on Tuesday it signed a 2 trillion won ($1.4 bil...

Doosan emerges as darling in Korea’s BBB bond market

Doosan Co. is poised to raise up to 80 billion won ($58 million) in bond sales this week following its credit rating upgrade as the holding company ...

JLK gets FDA OK for prostate cancer diagnosis AI solution

South Korea’s JLK Inc., an AI-based diagnosis solution and platform maker, announced on Monday that it got approval from the US Food and Drug ...

S.Korea’s travel payment card market competition heats up

Competition in the South Korean travel payment card market intensified as increasing overseas trips and cross-border shopping prompted credit card i...

Korea's NPS CIO talks with GPIF, GIC execs on asset allocation

South Korea’s National Pension Service (NPS) Chief Investment Officer Seo Won-joo has visited Japan and Singapore on his first overseas busine...

SK puts shares in Goldman-backed Korea Superfreeze on market

SK Group has put its shares in Korea Superfreeze Inc., a cold chain logistics company jointly owned by EMP Belstar and Goldman Sachs, on the market,...

Korean seafood giant Sajo acquires Foodist for $181 million

Sajo Group, a South Korean seafood and fisheries conglomerate, has acquired Foodist Co., a domestic food ingredient and catering service provider, f...

LG Innotek eyes $1.4 bn in automotive sensor sales by 2030

LG Innotek Co., South Korea’s leading mobile camera module maker, is upping the ante to lead the automotive sensing market with high-performan...

Lotte Home Shopping to enter health functional food market

South Korea's Lotte Home Shopping announced on Monday that it plans to establish a joint venture, The Edition Health, with H.Pio, a specialized heal...

KT to make AI, media-focused reshuffle in July

KT Corp., South Korea’s largest telecom service provider, is slated for an organizational reshuffle next month to reinforce its business-to-bu...

Korea FX authorities, NPS raise currency swap limit to $50 bn

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, said on Friday it has agreed with foreign exchange...

MSCI keeps Korea on emerging market list on short-selling ban

MSCI Inc. maintained South Korean stocks in its emerging market list as the government kept its blanket short-selling ban, denting the country&rsquo...

Korea Zinc speeds up separation from Young Poong in management feud

South Korea’s largest zinc smelter Korea Zinc Co. is accelerating its efforts to terminate its decades-long business relations with parent You...

Hanwha acquires $100 million Philly Shipyard for US market debut

South Korean chemicals-to-defense conglomerate Hanwha has signed a $100 million deal to acquire a 100% stake in Philly Shipyard Inc., becoming the f...

South Korea-Japan air travelers soar to 10 mn in first five months

The number of air passengers traveling between South Korea and Japan has surpassed 10 million in the first five months of this year, setting a new r...

Affinity to buy Korea's No. 2 car leasing firm for $591 mn

Affinity Equity Partners will buy a 100% stake in South Korea’s second-largest car leasing company SK Rent-a-Car Co. for 820 billion won ($591...

Shein cracks Korea's ultra-low-cost online fashion market

Shein, a Chinese fast fashion online retailer, announced on Thursday its official debut in South Korea with the launch of its Korea-dedicated platfo...

Dentlink, virtual lab for dentists around the world

It's been just over two years since Innovaid Co. launched Dentlink but the South Korean startup has already pivoted from its earlier local market-ce...