Hanwha Systems to develop extra-large UUV platform technology

Hanwha Systems Co., the defense and air mobility unit of Hanwha Group, will develop technology that will pave the way for the development of Korea-m...

SK Biopharma’s Cenobamate US patent extended by 2032

South Korea's SK Biopharmaceuticals announced on Friday an extension of its US patent for the epilepsy treatment Cenobamate, now set to expire on Oc...

Hyundai Motor's K-UAM One Team collaborates with Incheon

The "K-UAM One Team," an urban air mobility (UAM) consortium consisting of five companies, including Hyundai Motor, has announced that it signed a m...

Kakao bets on AI bot for breakthrough

Kakao Corp., the operator of South Korea’s dominant chat app KakaoTalk, will seek a breakthrough with an artificial intelligence-powered bot a...

South Koreans, frugal at home, open wallets abroad

Consumer spending in South Korea has been on the decline this year amid few signs of a near-term recovery. But when it comes to overseas spending, i...

KDI cuts Korea growth forecasts, ups inflation predictions

A South Korean government think tank has cut its growth forecast in Asia’s fourth-largest economy for this year and next but raised inflation ...

Barings taps John Park as S.Korean asset management head

Barings LLC has appointed Chong Hak (John) Park as head and sole representative director of its South Korean asset management arm, effective Jan. 1,...

Goldman Sachs lists Moloco CEO among exceptional entrepreneurs

Moloco Inc., a Silicon Valley-based ad-tech solution startup, said Wednesday that its co-founder and Chief Executive Ikkjin Ahn was named one of the...

SPC Samlip partners with H Mart to enter US market

SPC Samlip Corp, a unit of South Korea’s food and bakery giant SPC Group, announced on Thursday it signed a business agreement with H Mart, th...

Korean AI startups Allganize, Neurophet raise over $35 mn

South Korea’s artificial intelligence technology startups Allganize Inc. and Neurophet Inc. raised about 47 billion won ($35 million) in total...

POSCO Holdings to secure lithium from oil-field brine in Canada

South Korea's POSCO Holdings Inc. announced on Wednesday it signed a memorandum of understanding (MOU) with Invest Alberta Corporation (IAC) in Seou...

Coupang on track to post first-ever annual profit in 2023

South Korean e-commerce giant Coupang Inc. on Tuesday reported $87 million in operating profit in the third quarter, its third consecutive quarterly...

Mirae Asset hit by ex-asset manager's misconduct

Mirae Asset Securities Co., South Korea’s largest brokerage firm, found in June that a senior manager at its alternative investment division h...

Used electric vehicle prices drop in Korea with declining EV appeal

Prices of secondhand electric vehicles are falling in South Korea as drivers are increasingly less enchanted with eco-friendly vehicles due to weak ...

Korean shipyards to beat Chinese rivals with green tankers

South Korean dockyards aim to expand their presence in the global tanker market dominated by Chinese players with vessels designed to transport or s...

The Nature Holdings goes after green fashion with Brompton

Brompton Bicycle will pursue a greener world with sustainable clothing that is stylish but durable alongside its Korean partner The Nature Holdings ...

Kkanbu Chicken opens first overseas store in Philippines

South Korea's chicken franchise Kkanbu Chicken opened its first overseas branch in Manila's Solaire Resort.According to the company on Tuesday, the ...

KAI participates in Thailand's Defense & Security 2023

Korea Aerospace Industries Ltd. (KAI) announced on Monday it has participated in Defense & Security 2023 exhibition in Bangkok, ThailandThe comp...

Chong Kun Dang rallies on $1.3 bn deal with Novartis

Chong Kun Dang Pharmaceutical Corp.'s shares zoomed more than 25% on Monday on news that the South Korean medicine developer has signed its biggest-...

Korean tire makers post double-digit Q3 profit margins; outlook bright

South Korea’s three leading tire makers posted their highest-ever quarterly profit margins in the third quarter, boosted by tire price hikes, ...

Korea bans short selling; battery stocks lead market rally

South Korea has temporarily suspended short selling partly to prevent illegal, naked short selling, a decision buoying stocks heavily targeted by sh...

LG Elec to open heat pump research laboratory in Alaska

LG Electronics Inc. plans to open LG Advanced Cold Climate Heat Pump Laboratory in Alaska, the US for the development of heating, ventilation, &...

SK Geo Centric switches to recycled materials for petchem packaging

South Korea’s SK Geo Centric Co. is using recycled materials for product packaging as it aims to transform itself into a green petrochemical p...

Heerim wins design contract for Hyundai Motor's Saudi plant

South Korea's Heerim Architects & Planners said on Monday it secured the architectural design contract for Hyundai Motor Co.'s new automobile as...

Yen hits 15-year low vs Korean won on less hawkish BOJ

The yen on Friday plunged to the weakest level in more than 15 years against the South Korean won as the Japanese central bank’s recent change...

Neowiz, SK Hynix to team up for global marketing

South Korean game developer Neowiz announced on Friday it has signed a memorandum of understanding (MOU) with SK Hynix Inc. for global marketing col...

South Korea’s Dailybeer to enter into Singaporean market

Dailybeer, South Korean craft beer and fried chicken chain, announced on Friday it signed a contract with Singapore-based Katrina Group for joint in...

Daewoo E&C opens new branch in Turkmenistan

South Korea's Daewoo Engineering & Construction Co. (Daewoo E&C) opened a branch in Ashgabat, the capital of Turkmenistan, on Oct. 31, the c...

Woori Bank opens regional headquarters in Bangladesh

South Korea's Woori Bank announced on Friday it opened its new regional headquarters in Bangladesh. In 1996, the bank launched its first branch...

Louis Vuitton to launch fourth pop-up restaurant in Seoul

The French luxury brand Louis Vuitton will open a pop-up restaurant in South Korea. This is the fourth one since May this year.According to company ...