Daewoong Pharma wins permission from Singapore for Nabota

South Korea's drug development company Daewoong Pharmaceutical said on Thursday that it received on Jan. 20 product approval for its botulinum toxin...

Oasis IPO draws tepid interest from institutional investors

South Korean grocery delivery platform Oasis Corp. saw lukewarm interest from domestic institutional investors during the Feb. 7-8 bookbuilding for ...

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...

Hanmi Pharmaceutical reports record-high revenue in 2022

South Korea's Hanmi Pharmaceutical Co. last year saw record-high performance thanks to its self-developed drugs, surpassing its previous best year o...

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...

Snack maker Orion to pursue M&As, expand Vietnam facility

South Korea’s confectionery and snack maker Orion Corp. reported its largest-ever earnings last year, driven by strong sales in emerging marke...

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 ...

SK Hynix set for largest-ever corporate bond issue at bargain prices

SK Hynix Inc., the world’s second-largest memory chipmaker, is gearing up for its largest-ever corporate bond issue in South Korea at lower-th...

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...

Galleria Dept. Store's sales from foreigners increase 500% for past 6 months

South Korea's department store group Galleria Department Store said on Tuesday that for the past six months (between August last year and January th...

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...

Chong Kun Dang, Synaffix ink deal to introduce ADC technology

Chong Kun Dang Pharmaceutical Corp. said on Monday that it has signed a contract with Dutch biotechnology firm Synaffix B.V for the use of antibody-...

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...