S.Korean public sector's ICT systems to fully convert to cloud

S.Korean public sector's ICT systems to fully convert to cloud

South Korea’s public sector, barring extenuating circumstances, will build its information and communications (ICT) systems in private clouds ...

Medytox to enter China’s botulinum toxin market with Newlux

Medytox to enter China’s botulinum toxin market with Newlux

South Korean pharmaceutical company Medytox Inc. on Tuesday announced its plan to enter the Chinese market for botulinum toxins (BTX) with its cut...

Nvidia invests in Korean generative AI startup Twelve Labs

Nvidia invests in Korean generative AI startup Twelve Labs

Nvidia Corp., a global chip designer, made its first investment in a South Korean generative artificial intelligence startup as Big Tech companies G...

HD Hyundai President Chung to deliver keynote at CES 2024

HD Hyundai President Chung to deliver keynote at CES 2024

South Korea's No. 1 shipbuilding group’s heir apparent Chung Ki-sun will deliver a keynote speech at the world’s biggest consumer techno...

Mobile carrier LG Uplus makes inroads into EV charger market

Mobile carrier LG Uplus makes inroads into EV charger market

LG Uplus Corp., South Korea’s mobile and broadband service provider, has released the prototype of its first electric vehicle charger to make ...

KG Mobility to develop Level 3 autonomous driving system

KG Mobility to develop Level 3 autonomous driving system

South Korea's KG Mobility Corp. announced on Tuesday it partnered with domestic autonomous self-driving software firm Autonomous a2z. The two c...

Tous Les Jours opens first store in Canada

Tous Les Jours opens first store in Canada

CJ Foodville, the food subsidiary of South Korea's CJ Group, announced on Tuesday its bakery chain brand Tous Les Jours has opened its first store i...

Naver secures $100 mn digital twin project in Saudi Arabia

Naver secures $100 mn digital twin project in Saudi Arabia

South Korea's dominant web portal giant Naver Corp. has won a contract to develop a Digital Twin platform for Saudi Arabia's Ministry of Municipal a...

Paris Baguette to enter Middle Eastern halal market

Paris Baguette to enter Middle Eastern halal market

Paris Baguette, the bakery franchise owned by South Korea's SPC Group, said on Monday it has signed a memorandum of understanding (MOU) with UAE-b...

Alternative investment forum ASK 2023 to begin Oct. 25 in Seoul

Alternative investment forum ASK 2023 to begin Oct. 25 in Seoul

Major institutional investors in South Korea and global asset managers will share their views on the world economy and asset allocation strategies a...

Curocell to localize blood cancer drug by 2025

Curocell to localize blood cancer drug by 2025

South Korean biotech company Curocell Inc. on Sunday said it will apply for approval from the Ministry of Food and Drug Safety in September next yea...

CJ CheilJedang to export K-Street Foods

CJ CheilJedang to export K-Street Foods

South Korean food company CJ CheilJedang Corp. ’s strategic product lineup K-Street Food will be launched in June next year on major global ma...

SK Telecom, Deutsche Telekom to design LLM

SK Telecom, Deutsche Telekom to design LLM

SK Telecom Co. on Sunday said it will develop a large language model (LLM) specifically for the communications sector with Deutsche Telekom of Germa...

S.Korean game developer Smilegate, angel of local startups

S.Korean game developer Smilegate, angel of local startups

Smilegate, South Korean developer of the world’s top first-person shooter game Crossfire, is raising investments in domestic startups despite ...

China’s graphite export curbs deal blow to Korean battery sector

China’s graphite export curbs deal blow to Korean battery sector

South Korean electric vehicle battery and battery component makers are fretting over the Chinese government’s impending restrictions on export...

Korea's HMM creditors convert $739 mn bonds into shares

Korea's HMM creditors convert $739 mn bonds into shares

Shares of HMM Co., South Korea’s No. 1 container line, are likely to fall as its main creditors exchanged perpetual convertible bonds (CBs) an...

Naver-invested Nota AI named global leader in AI optimization

Naver-invested Nota AI named global leader in AI optimization

South Korea’s Nota AI, an artificial intelligence (AI) optimization model company with investment from Naver D2 Startup Factory (D2SF), an inv...

Samyang Foods launches TomYum Buldak Ramen in US

Samyang Foods launches TomYum Buldak Ramen in US

South Korea's Samyang Foods Co. announced on Friday it began to release the new export-exclusive product of Hot Chicken Flavor Ramen, or Buldak Rame...

Hyundai partners with University of London for African market strategy

Hyundai partners with University of London for African market strategy

Hyundai Motor Group announced on Friday its plan to establish two research centers in conjunction with the University of London (UoL) to delve int...

Koreans work longer hours than OECD average? Not in some sectors

Koreans work longer hours than OECD average? Not in some sectors

South Korea has had notoriously long working hours for decades.Long hours – alongside high levels of education and an increase of women in the...

Lotte Duty Free focuses energy on stores in Seoul

Lotte Duty Free focuses energy on stores in Seoul

South Korea’s Lotte Duty Free, which removed its stores from Incheon International Airport in late June, is channeling its energy toward boost...

MZers fuel Disney Store's boom in S.Korea's offline market

MZers fuel Disney Store's boom in S.Korea's offline market

The Disney Store has become one of the hottest spots within Hyundai Department Store branches since the department store operator has opened three o...

HD Hyundai Infracore to develop truck battery packs

HD Hyundai Infracore to develop truck battery packs

South Korea's HD Hyundai Infracore Co. plans to enter the electric commercial vehicle market through the development of truck batteries.The company ...

S.Korean VCs go global for breakthrough

S.Korean VCs go global for breakthrough

South Korean venture capitalists are actively discovering attractive investment assets overseas to find a breakthrough amid a prolonged local VC dro...

POSCO completes automotive steel plates plant in China

POSCO completes automotive steel plates plant in China

South Korea’s POSCO announced on Thursday it completed the new plant for automotive steel plates in Tangshan, Hebei province, China.As a joi...

Hyundai Motor muscles into online used car market

Hyundai Motor muscles into online used car market

Hyundai Motor Co. is slated to start selling certified used cars online from Oct. 24, three years after its announcement to enter the 30 trillion wo...

NJ certifies Taihan Cable as major power grid supplier

NJ certifies Taihan Cable as major power grid supplier

South Korean fiber optic cable manufacturer Taihan Cable & Solution Co. on Thursday said it has been certified as a major power grid supplier by...

Air Premia mulls $110 mn rights offer for more long-haul flights

Air Premia mulls $110 mn rights offer for more long-haul flights

South Korean low-cost carrier (LCC) Air Premia Inc. will make a decision on a rights offering worth up to 150 billion won ($110.4 million) at a boar...

S.Korean airlines see 12.87 mn int’l passengers in Q3 2023

S.Korean airlines see 12.87 mn int’l passengers in Q3 2023

South Korean airlines’ international passenger traffic in the third quarter reached 85% of that over the same period in 2019, the year befor...

Samsung Bioepis releases Soliris biosimilar in Europe

Samsung Bioepis releases Soliris biosimilar in Europe

Samsung Bioepis Co., a biopharmaceutical research and development unit under South Korea's Samsung Group, is rolling out its latest product Epysqli,...

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