BOK sees interest rate as tight amid continued drop in exports

South Korea’s central bank said on Tuesday it regards the current interest rate as tight, suggesting the monetary authority may hold the polic...

Patty-cooking robotics startup Aniai completes seed funding

Aniai Inc., a foodservice robotics developer founded by a South Korean, said on Feb. 21 it has attracted $3 million via a seed funding round to boos...

Kyochon sets sights on Western expansion with Canadian franchise deal

Kyochon F&B, the operator of South Korea's premier fried chicken brand Kyochon Chicken, said on Tuesday that it has secured a master franchise a...

Samsung eyes wider foundry client base with Ambarella deal

Samsung Electronics Co., the world’s largest memory chipmaker, said on Tuesday it will manufacture automotive chips for US chip designer Ambar...

LG Uplus to provide infotainment service for Toyota's RAV4 PHEV

South Korean mobile telecom carrier LG Uplus Corp. has announced on Tuesday its plans to install its integrated infotainment (IVI) platform, the Upl...

KT succeeds in developing core equipment for 5G-specialized networks

KT Corp., a South Korean telecom service operator, has successfully developed equipment that embodies the core technology of 5G-specialized networks...

Korea's Hansol Technics enjoys profit on chip equipment unit

Hansol Technics Co., a South Korean company that makes modules for liquid crystal display (LCD) and solar panels, boosted earnings last year thanks ...

Will CATL’s bargain sales hurt Korean EV battery makers?

China’s Contemporary Amperex Technology Co. (CATL), the leading global electric vehicle battery manufacturer, has started a price war in the w...

Hyundai Dream Tour partners with Air France-KLM for eco-friendly fuel

On Monday, Hyundai Dream Tour, a travel company affiliated with Hyundai Department Store Group, announced a partnership with Air France-KLM to promo...

SK Signet lands first order in UK worth $7.7 million

South Korea's SK Signet Inc., which produces ultra-fast chargers for electric vehicles (EVs), on Monday said its European branch SK Signet Europe in...

Lexus, Volvo: Koreans' top picks among foreign brands in after-sales service

Lexus, the premium brand of Japanese carmaker Toyota Corp., offers the best after-sales service among imported cars in South Korea, followed by Swed...

Koreans’ voracious appetite for pork belly extends to Canadian pork market

As South Korea prepares for Samgyeopsal Day, or Pork Belly Day, on March 3, the country has further upped pork imports from Canada – this afte...

Brazil approves Celltrion Pharm’s syringe facility

Celltrion Pharm Inc., a South Korean biopharmaceutical company, said on Monday it received certification from Brazil’s health regulator for it...

LG Elec wins best eco-friendly washing machine title in US

Consumer Reports, a prominent consumer magazine in the US, has named LG Electronics Inc.'s washing machines as the "best eco-friendly washing machin...

EU launches antitrust probe on Korean Air-Asiana deal

The European antitrust regulator opened a full-scale probe on the proposed takeover of Asiana Airlines Inc. by Korean Air Lines Co., given concerns ...

LG Uplus to participate in Drone Show Korea

On Sunday, South Korean mobile telecom carrier LG Uplus Corp. announced that it would host a joint exhibition hall with Kakao Mobility, GS Engineeri...

SK Nexilis signs $1 billion deal to supply copper foil to Northvolt

SK Nexilis Co., a unit of South Korean chemical materials maker SKC Ltd., said on Sunday it has signed a 1.4 trillion won ($1.08 billion) deal to su...

S.Korean won near 2-month low as US data fans Fed hike views

The South Korean won skidded to a near two-month low on Friday as hotter-than-forecast US inflation data added to expectations that the Federal Rese...

S.Korea confirms economic slowdown, recession concerns loom

The South Korean finance ministry on Friday confirmed that the country’s economy has slowed, mired in stubbornly high inflation and sluggish e...

Korea's Hanwha Q Cells halts litigation against Chinese module maker

Hanwha Q Cells Co., a solar power unit of South Korean conglomerate Hanwha Group, has signed a contract to transfer technology licenses to Chinese s...

DeepBrain AI joins CB Insights' Global 250 Generative AI Startups list

DeepBrain AI, a South Korean AI startup, said on Friday it made the list of "Global 250 Generative AI Startups" by CB Insights, a New York-based mar...

LG Chem invests $75 million in Piedmont Lithium, signs supply deal

LG Chem Ltd., South Korea’s largest chemicals maker, said on Friday it is acquiring a 6% stake in Piedmont Lithium Inc., a US mining company, ...

Igaworks partners with Vietnam’s Clever Group to supply data platform

South Korean big data platform company Igaworks said on Thursday it has signed a contract and strategic alliance deal with Vietnam’s largest m...

Hanwha Group buys HSD Engine for $175.9 million

South Korea's Hanwha Group will acquire ship engine maker HSD Engine in a move to shore up its shipbuilding unit following the conglomerate's takeov...

Korean shipbuilding, defense sectors offer bright 2023 outlook

South Korea’s major companies in shipbuilding, defense and construction industries expect strong earnings this year, despite growing concerns ...

Korea's Daedong to speed up growth with smart farming machines

Daedong Corp., South Korea’s top agricultural machinery manufacturer, aims to accelerate growth based on new businesses such as smart machines...

Hyundai Mobis ramps up patent development for future mobility tech

Hyundai Mobis, a South Korean auto parts maker and a key affiliate of Hyundai Motor Group, said on Thursday that it filed more than 3,000 patents la...

KTO steps up Korean tourism promotion in Saudi Arabia

The Ministry of Culture, Sports and Tourism, along with the Korea Tourism Organization (KTO), are accelerating their efforts to promote Korean touri...

LG Elec places GuideBot in museums to improve viewing accessibility

LG Electronics Inc. announced on Thursday that the LG CLOi GuideBot "Qi" will be deployed as a curator at both the Gongju National Museum and Nation...

Vietnam’s rise: An ominous sign for Korean chipmakers

Just a few years back, it was Taiwan that was on everyone’s lips in the semiconductor industry.The small East Asian island country, home to th...