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S.Korea plans to make digital platform gov't based on large-scale AI

S.Korea plans to make digital platform gov't based on large-scale AI

South Korean government is pursuing various measures to nurture talent as a way to secure national competitiveness in the AI industry as represented...

S.Korea, Kazakhstan to expand cooperation on mineral resource

S.Korea, Kazakhstan to expand cooperation on mineral resource

South Korea's Minister of Trade, Industry and Energy Lee Chang-yang and Kazakhstan's first deputy prime minister Roman Sklyar, held a meeting in Seo...

S.Korea's hy to launch wine import business

S.Korea's hy to launch wine import business

South Korea’s hy, formerly Korea Yakult, announced on Thursday that it has recently obtained a liquor import license from South Korea's Nation...

POSCO conducts pilot release of rare metal ferrochrome

POSCO conducts pilot release of rare metal ferrochrome

South Korea's steelmaker POSCO and the government-run Korea Mine Rehabilitation and Mineral Resources Corp. (KOMIR) on Friday announced the first pi...

S.Korea’s Musinsa sees sales grow 54% in 2022 to $537 mn

S.Korea’s Musinsa sees sales grow 54% in 2022 to $537 mn

South Korea’s online fashion platform Musinsa saw sales last year surge over 50% to break the 700 billion won ($537.7 million) mark, though op...

Shinsegae supports int'l expansion of S.Korea's promising fashion brands

Shinsegae supports int'l expansion of S.Korea's promising fashion brands

South Korea's Shinsegae Department Store has launched activities to support the overseas expansion of up-and-coming domestic fashion brands. The com...

S.Korea’s EcoPro BM seeks to raise $385 mn through convertible bond sale

S.Korea’s EcoPro BM seeks to raise $385 mn through convertible bond sale

South Korea’s leading battery materials maker EcoPro BM Co. sought to raise up to 500 billion won ($385 million) through a convertible bond fo...

S.Korea’s first-generation bio companies set up support fund for new ventures

S.Korea’s first-generation bio companies set up support fund for new ventures

South Korea's first-generation bio companies and Industrial Bank of Korea (IBK) have created a bio investment fund to support ventures in the field ...

Naver launches image-generating platform Lasco AI

Naver launches image-generating platform Lasco AI

Naver Corp., South Korea’s dominant online platform, has ventured into the image-generative artificial intelligence market, challenging its ar...

Preppy style attracts Korea's Gen Z, Alpha seeking retro trends

Preppy style attracts Korea's Gen Z, Alpha seeking retro trends

A licensed fashion brand from the University of Cambridge has entered South Korea as more young consumers are enthusiastic about the so-called Ivy L...

Korean economy unlikely to rebound in H2; BOK may keep rate

Korean economy unlikely to rebound in H2; BOK may keep rate

South Korea’s economy is unlikely to rebound in the second half as exports are expected to stay weak on the sluggish global semiconductor indu...

S.Korea, Boeing tie up for develop future advanced weapons

S.Korea, Boeing tie up for develop future advanced weapons

The Korean Defense Acquisition Program Administration (DAPA) teams up with major US defense contractor Boeing to conduct research and development on...

S.Korean state-run railroad companies meet Czech Minister of Transport

S.Korean state-run railroad companies meet Czech Minister of Transport

South Korea's state-run railway companies Korea Railroad (KORAIL) and Korea National Railway (KR) announced on Thursday that they had met with repre...

Hyundai Dept. Store to open first Disney Store in Korea

Hyundai Dept. Store to open first Disney Store in Korea

South Korea's Hyundai Department Store Co. said on Thursday that it has acquired the operating rights of Disney Store, a retail brand of Walt Disney...

Korea must nurture chip materials, parts, facilities: Jusung

Korea must nurture chip materials, parts, facilities: Jusung

South Korea needs to nurture its materials, parts and facilities industries to keep competitiveness in the semiconductor sector, said the chief exec...

S.Korea offers major support to online overseas shipments of 100 promising SMEs

S.Korea offers major support to online overseas shipments of 100 promising SMEs

South Korea's Ministry of SMEs and Startups on Thursday said it launched an online export package program of extensive support for the entire proces...

S.Korea's airlines boosting staff amid recovering demand for overseas travel

S.Korea's airlines boosting staff amid recovering demand for overseas travel

South Korea's airlines are opening their hiring doors wide open with the resumption of international flights amid demand for overseas travel recover...

LG Chem teams up with US company to expand bioplastic global business

LG Chem teams up with US company to expand bioplastic global business

LG Chem Ltd. has partnered with a US-based biofuel company Gevo to expand its bio-material-based plastic business.The company announced on Thursday ...

Tesla Korea’s profit, sales fall on new subsidy plans, lack of models

Tesla Korea’s profit, sales fall on new subsidy plans, lack of models

Tesla Inc.’s South Korean business has been worsening in recent months due to the lack of new models launched in the country amid Seoul’...

LG to unveil healthcare product; open to startup M&As

 LG to unveil healthcare product; open to startup M&As

South Korea’s LG Electronics Inc. is set to unveil its first digital healthcare product in the second half of this year, three years after it ...

S.Korea's lunar orbiter Danuri captures back side of the moon

S.Korea's lunar orbiter Danuri captures back side of the moon

South Korea's first lunar orbiter Danuri has released photos of the moon's far side. The Korea Aerospace Research Institute (KARI) announced on Wedn...

S.Korea's online voting service company exports its techs to Kyrgyzstan

S.Korea's online voting service company exports its techs to Kyrgyzstan

South Korea's online voting service company Kevoting announced on Wednesday that its mobile voting platform service was adopted for the local counci...

S.Korea's iNtRON launches halal test kit to target Middle Eastern market

S.Korea's iNtRON launches halal test kit to target Middle Eastern market

South Korean biotech firm iNtRON Biotechnology Inc. is focusing on the Middle Eastern market with the introduction of its "LiliF Halal Real-time PCR...

S.Korea to strengthen cooperation with Portugal in renewable energy

S.Korea to strengthen cooperation with Portugal in renewable energy

South Korea’s the Trade, Industry and Energy Minister Lee Chang-yang participated on Wednesday in The Korean-Portuguese Business Forum at the ...

S.Korea fines Google $32 mn for squashing local rival

S.Korea fines Google $32 mn for squashing local rival

South Korea’s antitrust body on Tuesday fined Alphabet Inc.’s Google LLC and its regional arms 42.1 billion won ($32 million) for allege...

S.Korea sets Nuri space rocket’s third launch on May 24

S.Korea sets Nuri space rocket’s third launch on May 24

South Korea will conduct a third attempt to launch its first domestically designed and developed space rocket Nuri on May 24. The Ministry of Scien...

S.Korea's NHN Commerce acquires domestic cosmetics brand WLab

S.Korea's NHN Commerce acquires domestic cosmetics brand WLab

South Korea's major online company NHN Corp.'s online shopping platform NHN Commerce announced on Tuesday that it has acquired domestic cosmetics br...

NPS, Korea Investment to sell off stake in Brazilian miner CBMM

NPS, Korea Investment to sell off stake in Brazilian miner CBMM

South Korea’s National Pension Service (NPS) and Korea Investment Private Equity Co. are set to sell off their stake in a Brazilian rare metal...

Number of Netflix users in S. Korea drops 30% in a year

Number of Netflix users in S. Korea drops 30% in a year

The number of Netflix users in South Korea has decreased by more than 30% in the past year since the recovery from COVID-19. According to Byun Jae-...

KT launches AI-based email security solution to combat APT attacks

KT launches AI-based email security solution to combat APT attacks

KT Corp. said on Tuesday that it has unveiled an email security solution based on artificial intelligence (AI) advanced persistent threat (APT) anal...

Is chip winter over? Doomsayers gone as Korea’s DRAM exports surge S.Korea to have 1st civilian defense minister in decades, tap career technocrats Fubon Bank expands Korea presence into banking Hana Asset launches ultra-low-fee Nasdaq 100 ETF Even barcodes copied: Counterfeits invasion threatens K-brands

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