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

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

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

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

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

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

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

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

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

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

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

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-...

Hanwha heir apparent named senior advisor at US energy investor

Hanwha Group Vice Chairman Kim Dong-kwan, the heir apparent of the South Korean energy-to-defense conglomerate, has been named a senior advisor at S...

KCCI, JCCI hold a working level meeting in six years

Business representatives from South Korea and Japan gathered for the first time in six years, with the Korea Chamber of Commerce and Industry (KCC...

S.Korea sees release of generic diabetes drugs after Forxiga patent expires

South Korea's pharmaceutical companies are competing to sell generic drugs to raise their presence on the domestic market for diabetes treatment wit...

Korea’s debt-ridden public companies selling off overseas coal mines

South Korea’s debt-ridden public enterprises are selling off their stakes in overseas coal mines to improve their financial status and stay in...

Chanel watches make world's 1st online debut in Korea

Chanel watches have made their online debut through South Korea's leading platform SSG.COM, becoming the French brand’s first launch of fashio...

Korea Coal Corp. to sell Mongolian mine amid energy resource boom

Korea Coal Corporation, a South Korean state-owned firm, is preparing to sell its Khotgor Shanaga coal mine in Mongolia, which it acquired in 2010...

S.Korea to allocate 70% of annual R&D budget to eleven core tech areas

The South Korean government plans to allocate 70% of its annual R&D budget to 40 projects for research and development in eleven core industrial...

LG tops in market cap gain, beating Samsung, SK, Hyundai Motor

The total market value of companies under South Korea’s fourth-largest business group LG increased the most in a year, beating out its bigger ...

SK Energy opens S.Korea's first hydrogen charging station for large trucks

SK Energy is the first company in South Korea to launch a station for charging large hydrogen-powered trucks. The company on Sunday said it held a c...

LG Electronics eyes solid Q2 results after Q1 earnings surprise

LG Electronics Inc. is expected to report solid earnings for the second quarter after its first-quarter operating profit beat market expectations an...

LG Energy’s Q1 profit soars on gains from US battery tax credits

LG Energy Solution Ltd., the world’s second-largest battery maker, said on Friday its first-quarter operating profit likely more than doubled,...

S.Korea's Musinsa promotes domestic fashion brands in Tokyo

South Korea's e-commerce fashion platform Musinsa announced on Friday that it opens a K-fashion brand pop-up store in Tokyo's Harajuku until April 1...

HD Hyundai Elec commercializes DC distribution facilities for 1 MW bldgs

HD Hyundai Electric Co., the electrical power equipment and energy solution affiliate of South Korean conglomerate HD Hyundai Co. Group, on Friday s...

SK, Samsung accelerate S.Korea’s CO2 capture biz growth

Samsung and SK, South Korea’s two largest conglomerates, are speeding up the growth in the carbon capture, utilization and storage (CCUS) busi...

Korea's InnoGrid to collaborate with Hyosung for cloud business

InnoGrid Co., South Korea's cloud computing and digital transformation (DT) specialist, announced on Friday that it has signed an agreement with dat...

Korea's electric battery maker SK On predicts 'tangible results' from 2024

"Despite many difficulties early on, we can see tangible results from next year if we overcome such challenges.”Chey Jae-won, CEO and executiv...