Korean Sept export drop eases as chip sales hit 1-year high

Korean Sept export drop eases as chip sales hit 1-year high

South Korea’s exports slowed their decline in September to their mildest drop amid a yearlong downturn, raising hopes for a recovery in Asia&r...

Korean language demand creates new overseas markets for startups

Korean language demand creates new overseas markets for startups

South Korean language startups are expanding their business in overseas markets with their local tongue through generative artificial intelligence, ...

Korean lab-grown diamond maker KDT to build plant in India

Korean lab-grown diamond maker KDT to build plant in India

South Korea’s sole lab-grown diamond producer KDT Diamond Co. will build its first overseas production facility in India by early next year to...

Korean Hana ties up with Saudi EXIM Bank for Middle East biz

Korean Hana ties up with Saudi EXIM Bank for Middle East biz

Hana Financial Group, South Korea’s third-largest financial holding company, joined hands with the Saudi Export-Import Bank to expand its mark...

LG Uplus invests $7.4 mn in S.Korean edu-tech startup

LG Uplus invests $7.4 mn in S.Korean edu-tech startup

South Korea’s No. 3 wireless carrier LG Uplus Corp. on Tuesday said it will make an equity investment of some 10 billion won ($7.4 million) in...

Fed-triggered taper tantrum takes toll on Korean financial markets

Fed-triggered taper tantrum takes toll on Korean financial markets

The South Korean financial markets were roiled by a fresh taper tantrum after the US Federal Reserve chair signaled further tightening last week, tr...

SK Tel launches world’s 1st Korean large language model

SK Tel launches world’s 1st Korean large language model

SK Telecom Co. on Tuesday announced the official launch of the world’s first Korean large language model (LLM) “A.”, or A Dot, whi...

SK Ecoplant, Ascend Elements in $66 mn US battery recycling JV deal

SK Ecoplant, Ascend Elements in $66 mn US battery recycling JV deal

SK Ecoplant Co., a South Korean construction engineering and waste management firm, and its two overseas affiliates are launching a $65.8 million ba...

LG H&H acquires S.Korean makeup brand Hince

LG H&H acquires S.Korean makeup brand Hince

South Korea's LG H&H Co. announced on Tuesday that it has signed an agreement to acquire a 75% stake in Vivawave, which owns the domestic premiu...

Hyundai Motor clinches top spot in Indian dealer satisfaction study

Hyundai Motor clinches top spot in Indian dealer satisfaction study

South Korea’s Hyundai Motor Co. has emerged as the leader in India’s mass-market satisfaction segment, according to an annual survey by ...

Korean Air may give up Asiana’s cargo business, 4 routes for EU approval

Korean Air may give up Asiana’s cargo business, 4 routes for EU approval

Korean Air Lines Co. may give up the cargo business of Asiana Airlines Inc. and four of its lucrative routes in Europe in an all-in bet as the marri...

Instant noodles, rice, kimchi buoy Korean food exports

Instant noodles, rice, kimchi buoy Korean food exports

South Korea’s agricultural and food exports have turned upward this year, led by Koreans' everyday menu items such as rice, kimchi and instant...

S.Korea to extend forex trading hours from Oct. 4 to lure foreign dealers

S.Korea to extend forex trading hours from Oct. 4 to lure foreign dealers

South Korea will extend the operating hours of the domestic foreign exchange market from next month, allowing foreign currency dealers to directly p...

Com2uS XPLA listed on S.Korea's crypto exchange Gopax

Com2uS XPLA listed on S.Korea's crypto exchange Gopax

South Korea's Com2uS Holdings Corp. announced on Monday that the cryptocurrency called XPLA used in the Com2uS Group's blockchain mainnet of the s...

Daewon Pharma to export $3 mn worth of Pelubi to Indonesia

Daewon Pharma to export $3 mn worth of Pelubi to Indonesia

South Korea's Daewon Pharmaceutical Co. will export its nonsteroidal anti-inflammatory drug (NSAID) Pelubi to the Indonesian market. It's South Kore...

S.Korea to expand quota of foreign skilled workers to 35,000

S.Korea to expand quota of foreign skilled workers to 35,000

The South Korean Ministry of Justice announced on Monday that it will expand the quota of foreign skilled workers from the current 2,000 to 35,000.E...

LG Elec takes on Lenovo, Asus in foldable laptop race

LG Elec takes on Lenovo, Asus in foldable laptop race

LG Electronics Inc. will join the race to lead the emerging foldable laptop market, currently led by foreign notebook majors Lenovo Ltd. and ASUSTeK...

Rebellions teams up with IBM for ATOM AI chip quality test

Rebellions teams up with IBM for ATOM AI chip quality test

Rebellions Inc., a South Korean artificial intelligence chip design startup, said on Monday it has forged a partnership with US tech giant IBM to co...

CJ CheilJedang searches for global bio talent in Boston

CJ CheilJedang searches for global bio talent in Boston

South Korean food and bio giant CJ CheilJedang Corp. on Monday said its Chief Technology Officer Hwang Yun-il, CJ CheilJedang BIO executive Yoon Seo...

NHN Commerce to collaborate with China's Shanhai Digital

NHN Commerce to collaborate with China's Shanhai Digital

NHN Commerce, South Korea's major online company NHN Corp.'s online shopping platform, announced its strategic business agreement with ShanHai Digit...

Daedong targets hobby farmers to double US market share

Daedong targets hobby farmers to double US market share

South Korea’s No. 1 agricultural machinery maker Daedong Corp., better known by the brand name Kioti in the US, is targeting the growing hobby...

LG Uplus, Hanwha unveil ceiling-mounted EV charging system

LG Uplus, Hanwha unveil ceiling-mounted EV charging system

South Korea's LG Uplus Corp. and Hanwha Corporation/E&C, a construction unit of Hanwha Corp., announced on Monday that the development of their ...

SK Telecom to commercialize UAM with American partner

SK Telecom to commercialize UAM with American partner

South Korea's SK Telecom Co. will launch domestic commercial operations in urban air mobility (UAM) with Joby Aviation, a Santa Cruz, California-b...

LG Display steps up efforts in foldable laptop screen market foray

LG Display steps up efforts in foldable laptop screen market foray

South Korea’s LG Display Co. is accelerating its foray into the market of foldable organic light-emitting diode (OLED) displays for laptops wi...

LG Chem, Huayou to build LFP cathode plant in Morocco

LG Chem, Huayou to build LFP cathode plant in Morocco

South Korea’s LG Chem Ltd. said on Sunday it will build a lithium phosphate iron (LFP) cathode materials plant in Morocco in partnership with ...

S.Korean startups, VC seek money, business opportunities in Japan

S.Korean startups, VC seek money, business opportunities in Japan

South Korean startups and venture capitalists battered by chilled investor sentiment amid rising interest rates and slowing economic growth at home ...

Taihan Cable bags $60 mn high-voltage power grid deal in Bahrain

Taihan Cable bags $60 mn high-voltage power grid deal in Bahrain

Taihan Cable & Solution Co., a South Korean major cable manufacturer, has won its first-ever order in Bahrain, worth about $60 million, to build...

Cultivated meat, carbon capture on center stage at D.Day

Cultivated meat, carbon capture on center stage at D.Day

Simple Planet, a South Korean biotech startup developing sustainable food technologies, has won this month’s startup pitch day held jointly by...

Korean financial markets tumble as Fed signals higher rates

Korean financial markets tumble as Fed signals higher rates

South Korean stocks, bonds and its currency tumbled on Thursday as the US Federal Reserve gave indications of another interest rate hike this year a...

B2B, home appliance giant LG's new money spinner

B2B, home appliance giant LG's new money spinner

A sense of crisis gripped South Korean home appliance giant LG Electronics Inc. two years ago when consumers tightened their purse strings on growin...

Shinsegae, Hana Financial, Bain Capital to finance $438 mn Starfield Cheongna Saudi Crown Prince bin Salman courts Korean AI startups as Riyadh, Abu Dhabi vie to build tech hubs K Shipbuilding up for sale as Korean shipyards ride new boom Samsung to buy US health tech firm Xealth in digital health push Korean waste management firm Koentec put on market for $730 mn