Hanwha vice chair pitches submarines to Polish president

Hanwha Group Vice Chairman Kim Dong-kwan is stepping up efforts to win Poland's high-profile submarine project worth an estimated 3 trillion won ($2...

S.Korean food company hy boosts cosmetics unit

South Korea’s hy, formerly Korea Yakult, has launched cosmetics made with fermented products using its self-developed lactic acid bacteria, ex...

Aramco, PIF chief to meet key South Korean figures this week

Yasir Othman Al-Rumayyan, chairman of the world’s top oil company Saudi Arabian Oil Co. (Aramco) and governor of the kingdom’s sovereign...

SK Group, NPS may exercise put option on Masan without gain

South Korean institutional investors, including SK Group and National Pension Service (NPS), are likely to only recover their principal without prof...

Korean startups join hands amid dwindling funding, acceleration support

Collaboration is becoming active among peer startups in South Korea to create synergy between different technologies and accelerate an early stage s...

Over 130 Chinese travel industry officials visit S.Korea

Since the Chinese government allowed its citizens to participate in group tours to South Korea last month, Chinese travel industry representatives h...

KT, Vector Institute to cooperate for hyperscale AI

South Korea's KT Corp. announced on Wednesday that it has been in talks with Canada's Vector Institute to explore collaborative opportunities in the...

S.Korean gov't to invest $827 mn in cyber security sector by 2027

South Korea will invest 1.1 trillion won ($827.1 million) in the information security sector by 2027, nearly double its combined budget of 556.9 bil...

POSCO International to take part in CCS project in Texas

POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., is expected to wi...

SK Nexilis inks $1.5 bn copper foil deal with Envision AESC

SK Nexilis Co. has signed a 2 trillion won ($1.5 billion) contract to supply copper foil, a core material in electric vehicle cells, to Chinese seco...

10 mn-subscriber YouTuber Mark Wiens to showcase K-food

Renowned food influencer Mark Wiens is set to showcase the allure of gastronomic journeys in South Korea. According to the Korea Tourism Organizatio...

Hyundai Mobis eyes over 30% growth in Europe through 2030

MUNICH, GERMANY – Hyundai Mobis Co., an auto part-making unit of Hyundai Motor Group, is targeting average annual sales growth of 30% in Europ...

Naver raises S.Korean market lead thanks to LLM HyperCLOVA X

South Korea’s leading web portal Naver Corp. has raised its domestic market share, which plummeted to the mid-50% range in May, thanks to Hype...

Korea ranks 3rd on global dominant product list to tie Japan

TOKYO -- South Korea has ranked third among countries having the world’s most dominant products. In six categories, including smartphones, mem...

Samsung trio premiere future mobility solutions at IAA Mobility 2023

MUNICH, GERMANY – The automotive electronics and parts-making units of Samsung Group are making a grand debut together at this year’s IA...

HK inno.N releases K-Cab in Singapore

South Korean bio-health company HK inno.N announced on Monday that it has released the new drug K-CAB for gastroesophageal reflux disease (GERD) in ...

POSCO mulls opening integrated steel plant in India

CHENNAI, INDIA – POSCO, the South Korean steel giant under POSCO Holdings Inc., is considering opening an integrated steel mill in India ...

CJ ENM launches domestic fashion brand of Barneys New York

CJ ENM Co., South Korea’s entertainment and e-commerce giant, has launched the domestic fashion brand Barneys New York, a luxury department st...

HD Hyundai posts big exports to Argentina, S.Arabia

South Korea's HD Hyundai Construction Equipment Co. (HCE) on Sunday said it recently concluded deals to supply 73 machines including excavators and ...

LG Elec to fend off challengers with tech supremacy: H&A Head Ryu   

LG Electronics Inc., the South Korean home appliance giant that is also the world’s No. 1 home electronics seller, is sure it can hold its mar...

Korea emerges as growth market, design hub for global brands

Global fashion and luxury goods brands are opening directly managed stores in South Korea, one of their growth markets, ending their decades-long re...

Home & Shopping, Teleken signs business agreement

South Korea's TV and online shopping operator Home & Shopping Co. announced on Friday that it has signed a business agreement with the Japanese ...

Samsung offers guide to greener, smarter life with SmartThings

BERLIN – Concerned about extreme weather and skyrocketing energy bills? “Keep calm” and head to Berlin where Samsung Electronics C...

Hanwha Q Cells brings forward US solar module production

Hanwha Q Cells Co., a solar power unit of South Korea’s chemicals-to-defense conglomerate Hanwha Group, brought forward operations of a US pla...

Neowiz to develop mobile game of Bonobono

South Korean game developer Neowiz announced on Thursday that it has signed with Japanese anime studio Eiken for mobile game development, utilizing ...

Under siege by OTT players, Korean mobile carriers seek higher VOD sales

Once, video-on-demand (VOD) services over internet TV easily generated money for most telecommunications companies in South Korea.Those days are g...

WEMIX listed on US virtual asset exchange Tapbit

South Korean game publisher WeMade Co. announced on Thursday that its cryptocurrency WEMIX will be listed on the US cryptocurrency exchange Tapbit.&...

Japan's fever for Korean homegrown brands on the rise

Shimamura Co., Japan’s second-largest apparel company that runs around 2,200 stores nationwide, has dispatched a team of four buyers to Seoul ...

S.Korea’s Coreline Soft teams up with HCK of Switzerland

South Korea's Coreline Soft, a maker of artificial intelligence (AI)-based imaging diagnostic materials, on Wednesday said it will sell its chest di...

S.Korea to invest in Korean-owned overseas startups

South Korea will expand startup nurturing programs into overseas venture companies launched by Koreans from next year as the country is stepping up ...