Dragonfly, CJ ENM sign MOU on content business

Dragonfly said on Wednesday that it has signed a memorandum of understanding (MOU) with CJ ENM Co. to cooperate in moving into new content busines...

Hyundai Rotem delivers first batch of K2 tanks to Poland in $3.4 bn deal

Hyundai Rotem Co., a South Korean defense equipment maker, said on Wednesday it has delivered the first batch of its battle tanks to Poland as part ...

S.Korea sends dairy cows, livestock genetic resources to Nepal

The South Korean government is donating dairy cows and genetic resources for cattle to Nepal.The Ministry of Agriculture, Food and Rural Affairs on ...

S.Korea develops carbon composite materials as its 2nd steel industry

The South Korean government will invest 185 billion won ($139.6 million) by 2030 in the development of technology for carbon composite materials, wh...

Hankook Tire ESG Report wins gold prize in LACP 2022 Spotlight Awards

The ESG Report of Hankook Tire & Technology won the gold prize in the 2022 Spotlight Awards hosted by the League of American Communications Prof...

LG plans additional $4 billion investment in Vietnam

South Korean electronics giants including LG Electronics and Samsung Electronics plan to pour billions of dollars of additional investment into Viet...

Daol Financial Group to let go of VC affiliate, hit by liquidity crunch

The Daol Financial Group is widely expected to let go of its venture capital arm in the midst of a worsening liquidity crunch. The VC firm Daol...

Samsung Heavy sells drillship to Italian offshore drilling company

Samsung Heavy Industries said on Tuesday in a regulatory filing that it has sold a drillship to Saipem, an Italian offshore drilling company, for 29...

LG Uplus poised to acquire homegrown OTT platform Watcha

South Korea’s third-largest mobile carrier LG Uplus Corp. is slated to acquire homegrown over-the-top (OTT) platform Watcha Inc., investment b...

Kakao Brain to unveil AI chest X-ray diagnosis service next year

Come next year, Kakao Brain, the artificial intelligence arm Kakao Corp., is slated to unveil an AI system that can write the first draft diagnosis ...

Lotte Chem, Air Liquide Korea launch JV for hydrogen business

South Korea’s chemical firm Lotte Chemical Corp. and Air Liquide Korea, the Korean unit of the French company Air Liquide SA, announced on Tue...

SK Discovery launches bio strategy, investment division

Korea's chemical company SK Discovery Co. on Tuesday said it launched a bio strategy and investment division headed by Kim Jung-hoon, director of SK...

South Korea's Hyundai Heavy Industries establishes chief AI officer post

South Korea's Hyundai Heavy Industries Group has created the position of chief artificial intelligence (AI) officer (CAIO) to propel a major busines...

Lotte Rental wins $30 mn Tower Export Award for selling used cars

Lotte Rental said on Tuesday that it was granted the "$30 Million Tower" Export  Award at the "59th Korea Trade Day" award ceremony, thanks to ...

Hyundai's sales of E-GMP-based EVs exceed 100,000 units in Korea

South Korea’s Hyundai Motor Group sold more than 100,000 units of electric vehicles (EVs) that adopted Hyundai Motor’s E-GMP, or Electri...

Shinsegae Int'l secures domestic sales rights for Italian brand Davines

South Korea's fashion retail giant Shinsegae International on Monday said it has acquired the domestic rights to sell the Italian haircare brand Dav...

Nexen Tire develops AI-based tech for road surface detection

Nexen Tire Corp. on Monday said it developed technology for road surface detection and analysis of tire braking distance using artificial intelligen...

Taihan earns certification for extra-high voltage transmission cable

Taihan Cable & Solution said on Monday that it had completed the development of a 500-kV current cross-linked polyethylene extra-high voltage DC...

SK Gas achieves milestone of zero accidents for 28 consecutive years

SK Gas said on Monday that its liquefied petroleum gas (LPG) import terminal in Pyeongtaek had achieved a record of no accidents for 28 consecutive ...

Hyundai Mobis to unveil new future mobility technologies at CES 2023

Korea's largest auto parts supplier Hyundai Mobis will take part in CES 2023, the world's largest info tech exhibition, to showcase cutting-edge t...

KT&G completes elementary school in Laos with employee donations

KT&G, South Korea's dominant tobacco company,  announced on Monday that along with South Korea's non-profit organization Sharing Culture &a...

Blockchain co. Reality Reflection's board to discuss mangement reshuffle

The South Korean blockchain ecosystem is facing a string of management disputes, hit by worsening conditions of the global cryptocurrency market.&nb...

SK Telecom wins global awards for innovative virtualization technology

SK Telecom, a leading South Korean 5G services provider, announced on Sunday that it won two global awards: Global Telecom Awards 2022 and Leading L...

Nearly half of Korean firms plan no domestic investment next year

Rising gloom over the business environment due to a financial market crunch and weak Korean won has led to nearly half of Korea's firms having no pl...

Korea's agro-food exports set record of $8 billion in 11 months this year

Korea's exports of agricultural and food products in the first 11 months of this year hit a record high.The Ministry of Agriculture, Food and Rural ...

VANK launches campaign to promote Korea in Vietnamese

The Voluntary Agency Network of Korea (or VANK), an online public diplomatic mission, said on Saturday that it has opened a Vietnamese language site...

Future transport center to make UAM, autonomous vehicle transfer easy

The Korean Ministry of Land, Infrastructure and Transport's Metropolitan Area Transportation Committee said on Sunday that it would promote establis...

Korea's foreign exchange reserves last month see first rise in 4 months

Korea last month saw its first rise in foreign exchange reserves in four months amid monetary authorities selling the greenback to avert a sharp dep...

Hankook Tire ties up with Chaevi for EV charging service

Korea’s leading tire maker Hankook Tire & Technology Co. and Daeyoung Chaevi, one-stop electric vehicle (EV) charging solution provider, s...

Hyundai, Kia US sales up 32% in Nov; eco-friendly cars jump

South Kora’s top automaker Hyundai Motor Group enjoyed strong demand in the US last month as the improving automotive chip supply situation bo...