LIG Nex1 to work with Romanian state-run defense supplier
South Korea's defense contractor LIG Nex1 Co. will join hands with ROMARM, a Romanian state-run defense company, to develop anti-aircraft missiles a...
S.Korean firms showcase hydrogen offerings in United States
South Korean energy ministry and major Korean companies including Hyundai Motor Co., SK E&S, and Korea Zinc Co. participated in the Hydrogen &am...
Hyundai Eng. promotes MMR nuclear power plant project in Poland
Hyundai Engineering is promoting a micro module nuclear power plant project in Poland, on the heels of completing a similar project in Canada.The co...
3D content specialist NdotLight attracts $6 million
3D content technology startup NdotLight Co. said Wednesday that it has raised 8 billion won ($6.3 million) in Series A funding.IMM Investment, Naver...
Kakao Bank announces record-high performance in 2022
South Korea's KakaoBank Corp. on Wednesday said its net profit last year reached a record-high 263.1 billion won ($208.6 million), up 28.9% from 202...
Kyobo Life Insurance speeds up creation of holding company
South Korea’s Kyobo Life Insurance Co. is set to establish a holding company by the second half of 2024. The major insurer seeks to raise its ...
S.Korean firms offer aid to earthquake-stricken Turkey
South Korean companies are joining the international effort to aid Turkey in the aftermath of a devastating earthquake.Doosan Group announced on Wed...
Hyundai Card to provide Apple Pay in South Korea
Apple and Hyundai Card on Wednesday officially announced the launch of the simple payment service Apple Pay in South Korea.The American tech giant s...
Medytox to sell off 2.2 mn shares of Daewoong's American partner Evolus
Medytox Inc. said in a regulatory filing on Wednesday that it is selling off approximately 2.19 million shares of Evolus, Daewoong Pharmaceutical's ...
Humasis participates Dubai MEDLAB Middle East 2023
South Korean medical devices maker, Humasis Co., is participating in the MEDLAB Middle East 2023 event taking place at the Dubai World Trade Center ...
Mirae Asset Securities signs long-term REC purchase contract
Mirae Asset Securities signed a long-term purchase agreement for solar renewable energy certificates (RECs) with Sunset Energy on Tuesday. Sunset En...
Coreline Soft to supply AI diagnosis solution to France
Coreline Soft, a South Korean company specializing in developing medical artificial intelligence (AI) devices, said on Tuesday that it has signed an...
S.Korean biotech firm Genesystem to bring molecular testing to India
Genesystem, a South Korean biotech firm specializing in on-site molecular testing platforms, announced on Tuesday its entry into the Indian market t...
Profit matters for survival of startups amid investment drought
As venture capitalists tighten their purse strings amid looming recession fears, only startups with killer products that generate profits are well-p...
China's alleged Korean trademark piracy surges during COVID-19
South Korean companies have witnessed a sharp increase in alleged trademark piracy in China over the past few years, as COVID-19 curbed their overse...
Korean biopharma, biotech companies scale up as sales balloon
South Korea’s biotech and biopharmaceutical companies are growing big with their sales rising above 1 trillion won ($796 million) last year on...
Hanwha Aerospace joins Romania's defense modernization efforts
South Korean aircraft engine maker and defense utility company Hanwha Aerospace Co. has signed on Monday a memorandum of understanding (MOU) with Ro...
Jeju Air resumes daily flights to Hanoi, Ho Chi Minh City, Vientiane
South Korea's low-cost carrier Jeju Air Co. said on Monday that it would run daily flights from Korea to Hanoi and Ho Chi Minh City in Vietnam and V...
Korean won falls on firm US jobs data, new BOJ head report
The South Korean won currency skidded to a four-week low on Monday as stronger-than-expected US employment data renewed expectations that the Federa...
South Korean companies rattled by activist shareholders
South Korea’s major companies are under attack by activist shareholders, who are exerting ever-increasing clout over critical corporate decisi...
South Korean biotech firms tap Middle East as next key market
South Korean biotech companies are speeding up their foray into the Middle East to tap oil money as they seek new growth engines beyond fossil fuels...
Aekyung commences mass production of eco-friendly plasticizers
Aekyung Chemical, an affiliate of South Korea's Aekyung Group, has begun mass-producing eco-friendly plasticizers derived from recycled waste plasti...
S.Korean institutional investors inject more capital in MMFs
South Korean institutional investors, such as pension funds, mutual aids and corporates, are rushing to money market funds (MMFs) for short-term pro...
S.Korea's high-tech firms flood to US with heavy spending plans
South Korea’s large business groups are flooding to the US, with their pledged investments there exceeding $100 billion for the next two years...
Kia sponsors LoL e-sport world tourney for 5th straight year
For the fifth straight year, Kia Corp. is a sponsor at the e-sport tournament League of Legends (LoL) European Championship (LEC).The tournament has...
Daewoong receives approval for its GERD drug Fexuclue in Ecuador
Daewoong Pharmaceutical said Friday that it has obtained marketing authorization from Ecuador's National Agency for Health Regulation, Control and S...
NPS lags global peers in 2013-2022 investment returns
South Korea's National Pension Service (NPS), the world's third-largest pension fund, has underperformed its global peers over the past decade in te...
Online portal Naver to release AI-powered search chatbot in H1
South Korean online portal giant Naver Corp. is set to launch a beta version of Search GPT, an artificial intelligence-powered search service, in th...
Hyundai Doosan Infracore bags $256 mn Turkey defense deal
Hyundai Doosan Infracore Co., a South Korean construction equipment maker, won a 313.1 billion won ($255.5 million) defense deal from Turkey, sugges...
SK Ecoplant passes industry-first carbon reduction target verification
South Korea's construction and engineering company SK Ecoplant Co. said on Thursday that it has passed the greenhouse gas reduction target verificat...
