Over 12,000 S.Korean SMEs enter Taiwan through Coupang

South Korea's e-commerce leader Coupang Inc. announced on Wednesday that more than 12,000 small- and medium-sized enterprises (SMEs) have entered Ta...

Korean startups join push to champion satellite data analytics market

Artificial intelligence is making big changes everywhere, even in space. Joining an AI-controlled space war, South Korean startups armed with AI tec...

CJ CheilJedang to sell off its Brazilian soybean crusher

South Korean food giant CJ CheilJedang Corp. said Tuesday it will sell its full ownership in Brazilian soybean crusher CJ Selecta S.A., or a 66% sta...

Samsung Elec to launch HBM4 in 2025 to win war in AI sector

Samsung Electronics Co., the world’s top memory chipmaker, aims to introduce sixth-generation top-performance High Bandwidth Memory4 (HBM4) DR...

KT&G faces another legal battle with Korean activist fund

Singapore-based private equity firm Flashlight Capital Partners Pte. said Monday that it has filed court injunctions against KT&G Corp., beginni...

Hanwha Group chair calls for startup-like entrepreneurial spirit

South Korea’s Hanwha Group Chairman Kim Seung-youn on Monday urged the defense-to-financial conglomerate to revive the bold innovations of its...

POSCO fully recoups initial investment in Roy Hill mine

POSCO Holdings Inc., the holding company of South Korea’s top steelmaker POSCO, has fully recovered its initial investment of 1.3 trillion won...

Vuno's brain imaging AI medical device secures FDA certification

South Korea's medical device startup Vuno announced on Tuesday that its AI-powered brain quantification device Vuno Med-DeepBrain has received the 5...

Lotte Wellfood ups Choco Pie India sales target to $60 mn with new factory

Lotte Wellfood Co., formerly Lotte Confectionery Co., has revised up this year’s Choco Pie sales forecast in India to 80 billion won ($60 mill...

Gluten-free Korean snack, pea soy sauce lure European gourmets

COLOGNE, Germany – The traditional Korean snack yakgwa and a soy-like sauce made with peas were named innovative foods of the year at the worl...

KakaoBank to acquire 10% stake in Super Bank Indonesia

South Korea's KakaoBank Corp. announced on Tuesday its decision to invest in Indonesia's digital banking entity PT Super Bank Indonesia.This move ...

SK Plasma gets investment from Indonesian fund

South Korea’s SK Plasma on Tuesday said it signed a term sheet, or a nonbinding agreement on the basic terms and conditions of an investment, ...

Lotte Chemical sells JV stakes in China, eyes other profitable markets

South Korea’s Lotte Chemical Corp. has sold its entire stakes in joint ventures with Chinese partners as the Korean company faces a supply glu...

Hyundai to hike Exter SUV output to capitalize on void in India

Hyundai Motor Co. plans to ramp up the production of its compact sport utility vehicle Exter in India to capitalize on the void in the entry-level S...

Samsung to develop Galaxy Fold, Flip-customized games

Samsung Electronics Co., the world’s top smartphone maker by volume, is developing mobile games customized to its Galaxy Fold and Flip series ...

Apple, Google may face $50.4 mn fine over in-app billing in Korea

Apple Inc. and Alphabet Inc.’s Google may be fined up to 68 billion won ($50.4 million) in South Korea for breaking the country’s in-app...

KAI participates in International Astronautical Congress 2023

Korea Aerospace Industries Ltd. (KAI), South Korea's sole military aircraft manufacturer, participated in the 74th International Astronautical Congr...

Hyundai Kona Hybrid beats Toyota in German test

Hyundai Motor Co. announced on Friday that its crossover SUV, the Kona Hybrid, received higher scores than the Toyota Corolla Cross Hybrid in a vehi...

Microsoft ties up with Korean startup Wrtn on AI solutions

Microsoft Corp. and a South Korean artificial intelligence portal startup Wrtn Technologies Inc. joined hands for the generative AI service based on...

Tesla Model Y reclaims spot as Koreans' favorite foreign car in September

The Tesla Model Y reclaimed the top spot on the best-selling imported car list in South Korea last month for the first time since September 2022. Th...

Hyundai Motor, Kia to adopt Tesla’s charging standard for EVs

Hyundai Motor Co. and Kia Corp. have joined Tesla's Supercharger network for electric vehicles (EV).The North American branches of the two South Kor...

Korean bond market squeezed by maturing debt, new issues

South Korea’s corporate bond market is saddled with a massive amount of debt due later this year and a surge in banks' new bond issues, amid h...

BMW premieres new 5 Series in Korea, the model’s top market

German carmaker BMW Group on Thursday premiered its latest 5 Series premium sedan in South Korea, an indication of the growing importance of the Asi...

Korean banks go digital in Southeast Asia for non-interest gains

South Korea’s top four banks are strengthening their overseas operations, particularly in the digital banking business, to increase their non-...

Daedong wins $52 mn engine order from Doosan Bobcat

South Korea’s No. 1 agricultural machinery maker Daedong Corp. will supply multicylinder diesel engines to Doosan Bobcat Inc. for five years, ...

SK C&C invests in US startup Glassdome

South Korea's SK C&C announced on Thursday that it has made a new investment in Glassdome, a US carbon emission management solution startup.&nbs...

LG Energy Solution to supply EV batteries to Toyota for 10 years

LG Energy Solution Ltd. will supply 20 gigawatt hours (GWh) worth of batteries for electric vehicles of the world’s No. 1 car seller Toyota Mo...

Pulmuone, BlueNalu team up for cell-cultured seafood

South Korean food company Pulmuone revealed plans on Thursday to boost its strategic partnership with US-based seafood startup BlueNalu, focusing on...

Korea markets melt as Fed officials foresee longer-than-expected high rates

South Korean financial markets lost ground on Wednesday with the 10-year government bond yield at a one-year high as US Federal Reserve policymakers...

Hanwha bets big on robots with Hanwha Robotics' official launch

South Korea’s seventh-largest conglomerate Hanwha Group has joined a race to win the burgeoning robot market, with the official launch of Hanw...