Russia Pushes Security Talks With North Korea, China

SEOUL—Russia said it supports holding regular security talks with North Korea and China to address the threat posed by the U.S. on the Korean ...

S.Korea’s Q3 GDP up 0.6% on-quarter on recovery in exports

South Korea’s economy in the third quarter grew 0.6% from the previous quarter, extending a growth streak to three consecutive quarters on a r...

S.Korea’s startups see Sept. investment surge 85%

South Korea’s startups last month saw investment rise for the first time this year.The Seoul-based Startup Alliance, a private support organiz...

Naver Cloud to offer edutech service in Mongolia

South Korea's Naver Cloud, the cloud computing arm of Naver Corp., announced on Tuesday it will participate in the Digital Classroom Project of Mong...

Samsung Bioepis gets FDA OK for its interchangeable biosimilar

Byooviz, a biosimilar of the macular degeneration treatment Lucentis and made by South Korea’s Samsung Bioepis, has received official design...

Space industry to usher in Saudi Arabia's 2nd boom: KAI

Korea Aerospace Industries Ltd. (KAI) on Wednesday signed a memorandum of understanding with the Saudi Space Agency (SSA) to collaborate broadly in ...

Samsung Biologics partners with Europe's largest VC

Samsung Biologics Co., the world's largest contract drug manufacturer, announced on Tuesday it has teamed up with global biotech venture capitalist ...

SK Telecom launches call recording service for iPhone

South Korea’s SK Telecom Co. has rolled out an iPhone app using artificial intelligence (AI) that allows users to record calls on their smartp...

LG CNS starts corporate knowledge management service

South Korean information and communications technology service provider LG CNS has launched a service for finding useful knowledge and data within a...

Hanmi Pharma’s Phase 3 trials for anti-obesity medicine approved

South Korea’s Hanmi Pharmaceutical Co. on Monday said the Ministry of Food and Drug Safety approved Phase 3 clinical trials for the company&...

Korea’s antitrust body grants conditional OK to Broadcom-VMware deal

South Korea’s antitrust regulator on Monday granted conditional approval for US smartphone components maker Broadcom Inc.’s proposed pur...

Toray Advanced Materials to spur carbon fiber production in Korea

Toray Advanced Materials Korea Inc. (TAK) broke ground on its new facility for carbon fiber production in Gumi, North Gyeongsang Province on Monday,...

SK Telecom, Mars Auto to advance self-driving large trucks

South Korea's SK Telecom Co. signed a memorandum of understanding (MOU) on Monday with the autonomous driving startup Mars Auto for cooperation in t...

Korea’s exports set to snap 12-month losing streak in October

South Korea may snap its 12-month-long losing streak in exports this month after it reported an on-year gain in exports in the first 20 days of Octo...

Hankook & Company to expand to robotics with Neubility

South Korea’s Hankook & Company Group, formerly Hankook Tire Group, is expanding to robotics to raise its future competitiveness.The gro...

Hyundai Motor, PIF to invest $500 mn to build car plant in Saudi Arabia

RIYADH – Hyundai Motor Co. has agreed with the Public Investment Fund, Saudi Arabia’s sovereign fund, to set up a joint venture to build...

Hyundai, Kia aim for 20% share in Middle East with EVs by 2030

Hyundai Motor Co. and its sibling Kia Corp. together target selling 550,000 cars annually in the Middle East by 2030 to control about 20% of the reg...

Korea's HMM creditors convert $739 mn bonds into shares

Shares of HMM Co., South Korea’s No. 1 container line, are likely to fall as its main creditors exchanged perpetual convertible bonds (CBs) an...

South Korea attracts more African countries to food project

South Korea is increasing the number of African countries participating in its official development assistance (ODA) project to alleviate the chroni...

TikTok to host offline concert in S.Korea

TikTok announced on Friday that it will hold its first-ever offline live concert, "TikTok Stage The Shout," in South Korea on the 9th of next month....

Kakao Enterprise, Salesforce establish joint sales partnership

South Korea's Kakao Enterprise Corp. announced on Friday that it has formed a joint sales partnership with Salesforce Korea to support digital innov...

SK Group needs agility to survive disruptions: chairman

South Korea's No. 2 conglomerate SK Group needs agile responses to rapidly changing business circumstances amid global geopolitical crises, C...

Korea steps up pressure on private sector to ease inflation

South Korea is intensifying pressure on the private sector to curb inflation by forcing companies such as food and beverage makers not to raise prod...

Hyundai partners with University of London for African market strategy

Hyundai Motor Group announced on Friday its plan to establish two research centers in conjunction with the University of London (UoL) to delve int...

Koreans work longer hours than OECD average? Not in some sectors

South Korea has had notoriously long working hours for decades.Long hours – alongside high levels of education and an increase of women in the...

SK C&C AI diagnostic service checks Doosan Enerbility’s plants

SK C&C, a systems integration affiliate of South Korea’s SK Group, on Thursday said it will provide diagnostic services based on generativ...

HDC IPark Mall opens S.Korea's first Nintendo pop-up store

South Korea’s HDC IPark Mall has opened Japanese game giant Nintendo’s first official pop-up store at the Yongsan location in Seoul fr...

MZers fuel Disney Store's boom in S.Korea's offline market

The Disney Store has become one of the hottest spots within Hyundai Department Store branches since the department store operator has opened three o...

Blackstone names Koramco preferred bidder for $553 mn landmark

Blackstone Inc. has tapped South Korea’s Koramco REITs Management and Trust Co. as the preferred bidder for prime office building Arc Place, t...

Hyundai Motor muscles into online used car market

Hyundai Motor Co. is slated to start selling certified used cars online from Oct. 24, three years after its announcement to enter the 30 trillion wo...