Sapeon to supply NPU IP to Telechips

Sapeon to supply NPU IP to Telechips

Sapeon Inc., the artificial intelligence (AI) chip subsidiary of South Korea's SK Telecom Co., announced on Friday that it will supply its AI semico...

HD KSOE wins $286mn order for four MGCs

HD KSOE wins $286mn order for four MGCs

South Korea’s top shipbuilder HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) announced on Thursday that it signed a contract w...

OECD sharply revises up S.Korea GDP forecast after strong Q1

OECD sharply revises up S.Korea GDP forecast after strong Q1

The Organisation for Economic Co-operation and Development (OECD) forecasts South Korea’s economy to expand at a faster pace than it previousl...

S.Korea’s Lotte Card injects $68 mn into Vietnamese unit

S.Korea’s Lotte Card injects $68 mn into Vietnamese unit

Lotte Card Co., South Korea’s No. 5 credit card issuer, has injected $68 million into its Vietnamese unit to expand its business in the Southe...

Rakuten backs S.Korea’s new mobile carrier Stage X

Rakuten backs S.Korea’s new mobile carrier Stage X

South Korea’s fledgling mobile carrier Stage X Co. has teamed up with relatively new Japanese mobile company Rakuten Group to crack Korea&rsqu...

Lunit, Radiobotics team up to enter EMEA markets

Lunit, Radiobotics team up to enter EMEA markets

South Korean medical AI company Lunit announced on Thursday that it partnered with the Danish musculoskeletal AI diagnostics company Radiobotics ApS...

Celltrion to supply Remsima, Herzuma to Peru

Celltrion to supply Remsima, Herzuma to Peru

South Korea's Celltrion Inc. announced on Thursday that it secured a contract to supply its biosimilars for autoimmune disease treatment and antican...

Hyundai Rotem closer to supplying armored vehicles to Peru

Hyundai Rotem closer to supplying armored vehicles to Peru

Hyundai Rotem Co., a South Korean defense equipment and locomotive maker, has moved a step closer to exporting its wheeled armored vehicles, core to...

LS Electric wins $23 mn order for Thai railway signal system

LS Electric wins $23 mn order for Thai railway signal system

South Korea's LS Electric Co. won a contract from the State Railway of Thailand to construct a railway signaling system for a 177 km section between...

Doosan Enerbility to export nuclear plant equipment to Romania

Doosan Enerbility to export nuclear plant equipment to Romania

South Korea's major power plant builder Doosan Enerbility Co. said on Thursday it won a contract with Canadian nuclear reactor manufacturer Candu ...

Korea’s headline inflation dips below 3% in April but erratic

Korea’s headline inflation dips below 3% in April but erratic

South Korea’s headline inflation dipped below 3% for the first time in three months last month but uncertainty lingers from still-high agricul...

HD Hyundai Oilbank to supply ultra-low sulfur diesel to Guam

HD Hyundai Oilbank to supply ultra-low sulfur diesel to Guam

HD Hyundai Oilbank Co., South Korea’s refiner backed by Saudi Aramco, announced on Wednesday that it secured a contract to supply 7.2 million ...

SK Geo reconsiders extent of $1.3 bn plastic recycling plant project

SK Geo reconsiders extent of $1.3 bn plastic recycling plant project

South Korea’s SK Geo Centric Co. is reconsidering how much it will invest in a planned $1.3 billion waste plastic recycling complex project in...

Korean retailers, hotels enjoy tourist boom in May holidays

Korean retailers, hotels enjoy tourist boom in May holidays

South Korean retailers and hotels are enjoying a boom thanks to an expected surge in tourists at home and abroad as more than 180,000 foreigners are...

S.Korea’s project financing exposure reaches $145 bn

S.Korea’s project financing exposure reaches $145 bn

South Korean financial services companies and construction firms are exposed to a combined 200 trillion won ($145 billion) worth of potential risks ...

Hanwha Systems to build Jeju Hanwha Space Center

Hanwha Systems to build Jeju Hanwha Space Center

South Korea's Hanwha Systems Co. announced plans on Monday that it plans to establish the Jeju Hanwha Space Center in Jeju Special Self-Governing Pr...

Korea’s Kookmin Bank raises $600 mn in global senior debts

Korea’s Kookmin Bank raises $600 mn in global senior debts

South Korea’s largest bank Kookmin Bank said on Tuesday it has issued $600 million worth of global senior secured bonds. The debts were oversu...

LG Chem displays bright outlook after loss in first quarter

LG Chem displays bright outlook after loss in first quarter

LG Chem Ltd., the parent of the world's second-largest battery maker LG Energy Solution Ltd., expects its business will improve in upcoming quarters...

JLK to supply medical AI solutions in Indonesia

JLK to supply medical AI solutions in Indonesia

South Korea’s JLK Inc., an AI-based stroke care platform maker, announced on Tuesday that it signed a business agreement with medical consulti...

NGeneBio to transfer NGS tech to UAE company

NGeneBio to transfer NGS tech to UAE company

South Korean medical diagnostic company NGeneBio Co. announced on Tuesday that it signed a contract with the United Arab Emirates (UAE)-based medica...

S.Korea sees record-high foreign visitors after pandemic

S.Korea sees record-high foreign visitors after pandemic

South Korea saw a record-high number of foreign tourists post-COVID-19 in the first quarter of 2024. The South Korean Ministry of Culture, Spor...

STIC Investments to sell Korea’s top mobile coupon platform

STIC Investments to sell Korea’s top mobile coupon platform

Seoul-based private equity firm STIC Investments is set to sell Coop Marketing, South Korea’s largest mobile coupon platform company that oper...

Korea’s factory output backpedals, but spending recovers in March

Korea’s factory output backpedals, but spending recovers in March

South Korea’s factory activity weakened in March on a fall in manufacturing output, stoking concerns about Asia’s fourth-largest economy...

Korea desperately seeks global bond index inclusion to rescue won

Korea desperately seeks global bond index inclusion to rescue won

South Korea is desperately working for inclusion on a global major bond index to save the ailing won, the second worst-performer among emerging Asia...

S.Korea’s KT to innovate media, content businesses with AI

S.Korea’s KT to innovate media, content businesses with AI

South Korea’s telecom giant KT Corp. is set to innovate its media and content businesses with artificial intelligence as it seeks new growth d...

LG Chem to supply switchable glass films to Webasto

LG Chem to supply switchable glass films to Webasto

LG Chem Ltd. is venturing into the automotive smart glass film market as it has won an order to supply its switchable glazing films to German auto p...

Korea’s booming medical tourism: Skin care, plastic surgery in demand

Korea’s booming medical tourism: Skin care, plastic surgery in demand

The number of foreign patients visiting South Korea for medical tourism hit a record high last year, driven by those who traveled to Korea for skin ...

Shinsegae faces off with Affinity, BRV over SSG.COM

Shinsegae faces off with Affinity, BRV over SSG.COM

Shinsegae Group could face a legal battle against two private equity firms that are demanding it buy back their combined 1 trillion won ($727 millio...

Tous les Jours to open five stores in Cambodia

Tous les Jours to open five stores in Cambodia

Tous les Jours, the bakery brand under South Korea's CJ Foodville, announced on Monday that CJ Foodville signed a master franchise (MF) agreement wi...

Lotte Global Logistics partners with CMA CGM

Lotte Global Logistics partners with CMA CGM

South Korea's Lotte Global Logistics announced on Monday that it partnered with the France-based world's third-largest shipping company CMA CGM.&nbs...

HYBE Chair Bang referred to prosecutors over alleged unfair trading Vietnam’s top leader to make first South Korea visit in 11 years Test case looms for Korea’s revised Commercial Act as VIP Asset challenges Lotte Rental’s rights issue to Affinity HYBE sparks summer vibes with BTS live album, TXT comeback, new boy band launch K-beauty contract manufacturers see record Q2 profits; rally likely to continue