Hyundai Elevator to compete in Indonesian smart city projects

Hyundai Elevator to compete in Indonesian smart city projects

Hyundai Elevator Co. said on Wednesday that it will join a South Korean government-led team to bid for smart city projects in Indonesia, where the c...

South Korea says US Chips Act subsidies have too many requirements

South Korea says US Chips Act subsidies have too many requirements

SEOUL—The U.S. Chips Act is dangling billions of dollars in subsidies in front of the world’s biggest semiconductor manufactur...

Doosan Enerbility wins combined cycle power plant order in Kazakhstan

Doosan Enerbility wins combined cycle power plant order in Kazakhstan

Doosan Enerbility Co., a South Korean power plant builder, announced on Wednesday that it has signed a contract with Turkestan LLP, a subsidiary of ...

SGC Energy pursues transformation of biomass power plants in Vietnam

SGC Energy pursues transformation of biomass power plants in Vietnam

South Korea's SGC Energy Co. is pursuing a project to convert coal power plants abroad into those using biomass.The power supplier, which has secure...

SK sells US car-sharing firm Turo stake to earn over $32 mn

SK sells US car-sharing firm Turo stake to earn over $32 mn

South Korea’s second-largest conglomerate SK Group exited from Turo, the US top peer-to-peer car-sharing company, to make an estimated return ...

Lotte Fine Chemical, OCI Global join hands for clean ammonia business

Lotte Fine Chemical, OCI Global join hands for clean ammonia business

Lotte Fine Chemical Co., a subsidiary of Lotte Chemical Corp., and Europe’s No.1 clean ammonia producer OCI N.V., or OCI Global, will collabor...

LS Electric unveils innovative solutions at Korea, Japan energy exhibitions

LS Electric unveils innovative solutions at Korea, Japan energy exhibitions

LS Electric Co., Ltd., an industrial electric solutions company from South Korea, is set to showcase innovative solutions at smart energy exhibition...

Samsung SDS acquires Korea’s No. 1 procurement SCM company

Samsung SDS acquires Korea’s No. 1 procurement SCM company

Samsung SDS Co., the information technology service unit of South Korea's Samsung Group, has acquired a 33.39% stake in Emro Inc., Korea's top suppl...

KT expands use of self-driving delivery robots to campgrounds

KT expands use of self-driving delivery robots to campgrounds

South Korea's KT Corp. has launched a delivery service for campgrounds using self-driving robots.The telecom giant on Tuesday said it signed a memor...

Hyundai Asan to sell $30.7 million worth of shares for capital restructuring

Hyundai Asan to sell $30.7 million worth of shares for capital restructuring

Hyundai Asan Co. under South Korean conglomerate Hyundai Group will raise 40 billion won ($30.7 million) in its seventh share sale since it was forc...

S.Korea to host Asia's largest advertising festival for 1st time since 2007

S.Korea to host Asia's largest advertising festival for 1st time since 2007

Seoul in October will host Asia's largest advertising festival AdAsia. The organizers of this year's event aim to host more than just a conference a...

Tmap Mobility to sell all its 30% stake in joint venture with Grab

Tmap Mobility to sell all its 30% stake in joint venture with Grab

Tmap Mobility Co., the Korean navigation app company, announced on Tuesday its plan to sell its 30% stake in Grab Geo Holdings, a joint venture esta...

S.Korea's Prestige Biologics attracts $59 mn overseas investment

S.Korea's Prestige Biologics attracts $59 mn overseas investment

Prestige Biologics Co., a South Korean biopharmaceutical contract development and manufacturing organization (CDMO) company, announced on Tuesday th...

Boeing’s Korean supplier targets UAV market with guided weapons

Boeing’s Korean supplier targets UAV market with guided weapons

Boeing Co.’s leading South Korean contractor aims to develop unmanned aerial vehicles with guided weapons, given the rapidly growing military ...

S.Korea's hy to export eco-friendly refrigerated carts to Cambodia

S.Korea's hy to export eco-friendly refrigerated carts to Cambodia

hy Co., a South Korean distribution company, said on Tuesday that it will export its ride-on refrigerated electric carts “Cold & Cool&rdqu...

CGBio opens cosmetic surgery clinic in Bali using bio-medical tech

 CGBio opens cosmetic surgery clinic in Bali using bio-medical tech

CGBio, a South Korean bio-renewable medical company, announced on Monday that it opened a medical esthetic clinic, called Nulook, in Bali, Indonesia...

S.Korea's mattress maker Zinus posts record domestic sales in 2022

S.Korea's mattress maker Zinus posts record domestic sales in 2022

Zinus Inc., the mattress-making affiliate of South Korea's Hyundai Department Store Group, on Monday reported record-high domestic sales last year o...

Samsung suspends business with select software partner companies

Samsung suspends business with select software partner companies

Samsung Electronics Co. has recently “suspended transactions” with select software partner companies through regular auditing, with arou...

Apple Pay to launch in South Korea on March 21

Apple Pay to launch in South Korea on March 21

Apple's mobile payment service, Apple Pay, is set to launch domestically in South Korea on March 21, according to industry sources on Monday.With th...

KB Financial Group injects $385.6 million into S.Korea’s real estate PF

KB Financial Group injects $385.6 million into S.Korea’s real estate PF

South Korea’s KB Financial Group on Monday said it will provide liquidity support for the domestic market for real estate project financing (P...

S.Korea's Krafton, Naver to set up JV for metaverse services in H1

S.Korea's Krafton, Naver to set up JV for metaverse services in H1

Krafton Inc., a leading game developer in South Korea, is slated to establish a joint venture with Naver Z Corp., a metaverse unit of the country&rs...

POSCO, Korea Zinc, Vale to close Korean nickel JV

POSCO, Korea Zinc, Vale to close Korean nickel JV

POSCO Holdings Inc. and Korea Zinc Co. will close Korea Nickel Corp. set up jointly with Brazilian mining giant Vale Ltd. as the two Korean companie...

Hankook Tire halts fire-hit Korean plant, threatens a fifth of global capacity

Hankook Tire halts fire-hit Korean plant, threatens a fifth of global capacity

South Korea’s top tire maker Hankook Tire & Technology Co. shut down a local production complex on Sunday due to a fire, stoking concerns ...

SK Chemicals, Yonwoo to develop eco-friendly cosmetic containers

SK Chemicals, Yonwoo to develop eco-friendly cosmetic containers

South Korean chemical company SK Chemicals and Yonwoo Co., a subsidiary of Kolmar Korea, which is a leading domestic cosmetic container manufacturer...

KT launches open beta version of metaverse platform Genieverse

KT launches open beta version of metaverse platform Genieverse

South Korea's KT Corp. announced on Monday the launch of an open beta version of its business-to-consumer (B2C) metaverse platform, "Genieverse."The...

SK Networks renames its EV charger unit to SK Electlink

SK Networks renames its EV charger unit to SK Electlink

SK Networks Co., the general trading and rental arm of South Korea’s third-largest conglomerate SK Group, said on Monday that it has changed t...

H2O Hospitality signs MOU with Ministry of Investment of Saudi Arabia

H2O Hospitality signs MOU with Ministry of Investment of Saudi Arabia

H2O Hospitality Ltd., a South Korean company specializing in digital transformation in the hospitality and leisure industries, announced on Monday t...

Ssangyong E&C wins contract for building ASML Korea campus

Ssangyong E&C wins contract for building ASML Korea campus

Ssangyong Engineering & Construction, a South Korean builder, said on Monday that it has secured a 200-billion-won ($170-million) contract to co...

LG Elec to showcase eco-friendly cooling, heating solutions at ISH 2023

LG Elec to showcase eco-friendly cooling, heating solutions at ISH 2023

LG Electronics Inc. is aiming to expand its presence in the European air conditioning market with its high-efficiency heat pump cooling and heating ...

LG Chem mulls shuttering in-vitro diagnostics business

LG Chem mulls shuttering in-vitro diagnostics business

LG Chem Ltd. is considering an exit from the in-vitro diagnostics market to focus more on novel drug development as it lagged its smaller local riva...

Allianz-backed Koh Young’s brain surgery robot set for US debut by End-August Roborock’s privacy policy fuels data leak fears over Chinese goods Sale of $1.5 bn Pangyo Tech 1, overseen by Mirae Asset, draws strong bids from global PEFs Kia to make, sell China-launched EV5 in Korea to keep top spot Samsung Asset leads H1 AUM rankings amid ETF boom