85% of S.Korea's Gen MZ have contactless savings accounts
A study finds 90% of South Korea's Generation MZ, a demographic comprising millennials and Generation Z members born between 1981 and 2010, use cont...
South Korea doubles gov't fintech innovation fund to $781 million
The South Korean government will double the value of its Fintech Innovation Fund, a source of financial support for the financial technology or fint...
Kakao Games to launch Eversoul with 1.3 mn pre-orders
Kakao Games Corp., a game publishing unit of South Korean tech giant Kakao Corp., said on Dec. 23 it will launch the global service of mobile role-p...
Launch of Innospace's Hanbit-TLV rocket called off due to technical glitch
The Ministry of Science and ICT announced on Wednesday that it will invest 350 billion won ($273 million) to build a rocket launch site, which will ...
Korea’s local govts gear up to lure Tesla for Gigafactory
All of South Korea’s major municipal governments are gearing up to be considered as the site of a new Gigafactory, Tesla Inc.’s manufact...
KAI to develop Korea's first mine-sweeper helicopter
Korea Aerospace Industries Ltd. (KAI) is poised to start R&D on a minesweeper helicopter that specializes in removing underwater mines.The compa...
Fortune 500 has just 16 Korean companies: study
Sixteen South Korean corporations are on Forbes' Global 500 list, a survey found.Critics say the distribution of the nation's leading companies is t...
Korea-China air flights set to rise with Beijing’s eased zero-COVID policy
Air flights between South Korea and China are set to rise significantly next year with the Chinese government issuing new guidelines easing its stri...
Dating My Best Friend’s Sister becomes webtoon in Korea
Dating My Best Friend’s Sister, a famous romance fiction by USA Today Bestselling author Violet Paige serialized on Radish, the web novel plat...
Lunit to export breast cancer detecting solutions to Hong Kong, Mongolia
South Korea's AI-based medical imaging equipment firm Lunit will export AI breast cancer diagnosis solutions to large hospitals in Hong Kong and Mon...
S.Korea to introduce mandatory offer for takeover deals
South Korea is set to require a takeover bidder for a listed company to buy stakes held by small shareholders at the same price to be paid to a majo...
S.Korea's CJ Logistics launches AI-based freight transportation platform
South Korea's CJ Logistics on Thursday said it launched The Unban, a freight transportation platform that directly connects senders and freight truc...
Women break glass ceiling in South Korea's advertising sector
Major advertising agencies in South Korea have appointed women to the position of vice president. Because advertising is a field in which women are ...
LG Uplus enters Korea’s EV charging service market with VoltUp app
LG Uplus Corp., a South Korean mobile carrier, is entering the domestic electric vehicle charging service market by launching a service platform, Vo...
KTNET shows off logistics platform for tracking cargo, documents
The Korea Trade Network (KTNET) held a grand opening event for its uTH 2.0, a digital trade logistics platform, in partnership with the Korea Intern...
Vietnam emerges as South Korea's No. 3 trading partner
Vietnam will finish this year as South Korea's No. 3 trading partner and the country with which the latter has the largest trade surplus, a study ha...
Samsung Chairman Jay Y. Lee flies to Vietnam for global business
Samsung Electronics Co. Chairman Jay Y. Lee embarked on a business trip to Vietnam on Wednesday to attend an opening ceremony for a research and dev...
Naver D2SF makes investment in US sleep tech company PranaQ
Naver Corp.'s startup nurturing organization D2SF has newly invested in PranaQ, a US sleep tech startup. This is the 100th investment since the comp...
S.Korea's Lithium Plus succeeds in mass-producing lithium hydroxide
Lithium Plus, the S.Korean lithium materials company, said on Wednesday that it has succeeded in mass-producing battery-grade ultra-high-purity lith...
Korea to allow investors to sell stocks at pre-split-off values
South Korea is set to allow individual shareholders to sell their stocks at prices before a split-off if they oppose a company’s separation pl...
SK E&S builds world's largest production base for blue hydrogen
South Korea's SK E&S has accelerated a blue hydrogen project in Boryeong, South Chungcheong Province, in what will be the world's largest comple...
Hyundai becomes younger with 1 in 3 new executives in their 40s
South Korea’s Hyundai Motor Group, which owns Hyundai Motor Co. and Kia Corp., has carried out a year-end mid-tier executive reshuffle marked ...
Korean kids' future career choices are athletes, teachers, YouTubers
A survey revealed that the number of middle and high school students who opted for computer engineers and software developers as their future career...
HLB Therapeutics signs contract for COVID vaccine distribution rights
South Korea's pharmaceutical firm HLB Therapeutics Co. said on Monday that it has signed an agreement with the Korea Disease Control and Prevention ...
Korea’s Poongsan earnings to improve on copper rebound
Poongsan Corp., South Korea’s top copper processing company, is expected to benefit as China’s exit from the zero-COVID policy bolstered...
S.Korea's CMG Pharmaceutical opens animal medicine unit
CMG Pharmaceutical, a subsidiary of South Korea's CHA Biotech, on Monday announced the launch of an animal medicine unit and entry into the market f...
LG Energy to spend $3.1 bn on 4680 battery plant in S.Korea
LG Energy Solution Ltd., the world’s No. 2 electric vehicle (EV) battery maker, is poised to spend $3.1 billion on facilities in South Korea t...
Hyundai Motor to supply 3,000 vehicles to Libya's disabled
Hyundai Motor Co. said on Sunday that it had signed an agreement to supply vehicles to Libya's disabled through the Social Solidarity Fund, an agenc...
Hyundai Motor transforms buses into mobile office spaces
South Korea's automaking giant Hyundai Motor Co. said on Monday it had launched the country's first mass-produced mobile office bus: the "Universe M...
Air Busan to resume Busan-Vientiane flights after 3-year hiatus
Air Busan Co. recently expanded the number of flights on its Japan routes and continues to resume flights on its Southeast Asian routes. It will now...
