Lotte Home Shopping, Thai TACC in Bellygom character licensing deal
Lotte Home Shopping Inc. has signed a character licensing agreement with Thailand’s TAC Consumer Public Co. (TACC), a lifestyle product and be...
Nvidia invests in Korean generative AI startup Twelve Labs
Nvidia Corp., a global chip designer, made its first investment in a South Korean generative artificial intelligence startup as Big Tech companies G...
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 ...
CS Wind eyes $2.2 bn sales in 2024 with Bladt
CS Wind Corp., a South Korean wind turbine tower manufacturer, expects its sales next year to double from last year’s to reach about 3 trillio...
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...
K-food, beauty franchise stores set for Laos foray
Laos’ largest private company Kolao Group has attracted about a dozen South Korean franchise operators to join its aggressive push into the So...
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...
Lotte, two SK Group units to join hands for carbon capture
Lotte Chemical Corp., SK Innovation Co. and SK IE Technology Co. (SK IET) have signed a memorandum of understanding (MOU) to make their joint push i...
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...
Alternative investment forum ASK 2023 to begin Oct. 25 in Seoul
Major institutional investors in South Korea and global asset managers will share their views on the world economy and asset allocation strategies a...
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...
Pablo Air secures $15.5 mn in pre-IPO investment
Pablo Air Co. Ltd., a specialized drone control company, announced on Friday that it has attracted an investment of 21 billion won ($15.5 million) i...
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....
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...
Naver-invested Nota AI named global leader in AI optimization
South Korea’s Nota AI, an artificial intelligence (AI) optimization model company with investment from Naver D2 Startup Factory (D2SF), an inv...
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...
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...
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...
S.Korean VCs go global for breakthrough
South Korean venture capitalists are actively discovering attractive investment assets overseas to find a breakthrough amid a prolonged local VC dro...
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...
China’s Temu challenges homegrown e-commerce platforms in Korea
Temu, a popular Chinese discount e-commerce platform that landed in South Korea just a few months ago, has apparently cracked homegrown players&rsqu...
Samsung Elec to develop spam filter with public web body
Samsung Electronics Co. and the Korea Internet & Security Agency (KISA) on Wednesday signed a memorandum of understanding on minimizing damage t...
Hyundai Mobis to debut at Japan Mobility Show
South Korea's Hyundai Mobis will participate in the Japan Mobility Show 2023, which changed its name from the Tokyo Motor Show. This is the fir...
