Korean firms confident they can outpace China in LFP battery race

Korean firms confident they can outpace China in LFP battery race

South Korea’s leading battery and materials makers on Monday shared their concerns about Chinese rivals’ ascent, but expressed confidenc...

Samsung Bioepis to cooperate with Swiss firm Sandoz

Samsung Bioepis to cooperate with Swiss firm Sandoz

Samsung Bioepis Co., a biopharmaceutical research and development unit under South Korea's Samsung Group, announced on Monday that it signed a partn...

HD Hyundai Electric wins $51 mn deal to power Neom megacity

HD Hyundai Electric wins $51 mn deal to power Neom megacity

HD Hyundai Electric Co., the electrical equipment and energy solution company under South Korea’s shipbuilding giant HD Hyundai Co., has won a...

Synthetic diamonds with ESG value lure Korean shoppers

Synthetic diamonds with ESG value lure Korean shoppers

Lab-grown diamonds, cultured in laboratories wth advanced technologies, are garnering attention from South Korean consumers as they are produced mor...

SKC to acquire 12% stake in US chip packaging startup Chipletz

SKC to acquire 12% stake in US chip packaging startup Chipletz

SKC Ltd., a South Korean chemical materials company, said on Monday it will take part in a series B round of investment in Chipletz, a US fabless su...

Amorepacific's Laneige debuts in Mexican market

Amorepacific's Laneige debuts in Mexican market

South Korean cosmetics giant Amorepacific Corp. announced on Monday that it is entering the Mexican beauty market with its globally popular skincare...

KT, SingPost to team up for AI-based digital logistics

KT, SingPost to team up for AI-based digital logistics

South Korea's KT Corp. announced on Monday that it has signed a memorandum of understanding (MOU) with Singapore Post (SingPost), a state-run postal...

Avikus to launch system for self-driving leisure boats

Avikus to launch system for self-driving leisure boats

Avikus, the autonomous navigation solutions affiliate of South Korean conglomerate HD Hyundai Co., will launch New Boat Dock, a self-driving system ...

Hanwha sees higher odds of winning Poland submarine deal

Hanwha sees higher odds of winning Poland submarine deal

South Korea’s Hanwha Ocean Co. appears to be a step closer to winning a 3.2 trillion won ($2.4 billion) Polish order for submarines, after a s...

S.Korea, Indonesia to bolster high-tech partnership

S.Korea, Indonesia to bolster high-tech partnership

JAKARTA, Indonesia -- South Korea and Indonesia have affirmed their commitment to expanding the scope of business cooperation from high tech to food...

Hanjin KAL to sell off its Waikiki Resort Hotel at $108 mn

Hanjin KAL to sell off its Waikiki Resort Hotel at $108 mn

South Korea’s Hanjin KAL Corp. will sell the assets owned by its Hawaii-based subsidiary Waikiki Resort Hotel Inc. to US company AHI-CLG LLC a...

Hyundai-LG battery JV in Indonesia to power IONIQ 5, other EVs: Chung

Hyundai-LG battery JV in Indonesia to power IONIQ 5, other EVs: Chung

Hyundai Motor Co.'s battery joint venture with LG Energy Solution Ltd. in Indonesia will become the South Korean carmaker’s battery manuf...

Hanwha Ocean recognized for eco-friendly tech at Gastech 2023

Hanwha Ocean recognized for eco-friendly tech at Gastech 2023

South Korea's Hanwha Ocean Co. said on Friday that it had received key environmental certifications from two leading maritime classification societi...

S.Korea inks FTA with Philippines, boon to Korean car exports   

S.Korea inks FTA with Philippines, boon to Korean car exports   

South Korea has signed a free trade pact with the Philippines, which is expected to bolster Korean car exports to the Southeast Asian country with a...

S.Korea's Eximbank, Australia's EFA sign MOU on mineral supply chains

S.Korea's Eximbank, Australia's EFA sign MOU on mineral supply chains

The Export-Import Bank of Korea (Eximbank) on Thursday in Seoul signed a memorandum of understanding with Export Finance Australia (EFA) on cooperat...

Korea Inc. to focus more on India, Vietnam as biz partners

Korea Inc. to focus more on India, Vietnam as biz partners

South Korean companies are set to concentrate more on business with emerging markets including India and Vietnam than Asian major countries such as ...

AriBio applies for Phase 3 clinical trials in China for oral dementia drug

AriBio applies for Phase 3 clinical trials in China for oral dementia drug

South Korean clinical-stage biotech company AriBio Co. on Thursday said it applied for Phase 3 clinical trials on the anti-Alzheimer's candidate t...

POSCO Int'l, Equinor tie up for Ulsan offshore wind project

POSCO Int'l, Equinor tie up for Ulsan offshore wind project

POSCO International Corp., a South Korean energy and trading arm of steel behemoth POSCO Holdings Inc., signed a memorandum of understanding on Thur...

Daewoong gets patent of Nabota as migraine drug in US

Daewoong gets patent of Nabota as migraine drug in US

South Korea's Daewoong Pharmaceutical Co. announced on Thursday that it has received a patent from the US Patent and Trademark Office for the use of...

E-Mart opens 4th Korean hypermarket in Ulaanbaatar

E-Mart opens 4th Korean hypermarket in Ulaanbaatar

South Korea’s top supermarket chain E-Mart Inc. launched its fourth hypermarket in Ulaanbaatar on Thursday with a stronger push for Korean bra...

Amorepacific's Hera enters Japanese market

Amorepacific's Hera enters Japanese market

South Korea's Amorepacific Corp. announced on Thursday that its premium color cosmetics brand Hera has launched in Japan, signaling a significant mo...

Samsung Electronics avoids EU’s digital market regulations  

Samsung Electronics avoids EU’s digital market regulations  

Samsung Electronics Co. has steered clear of the European Union’s new set of regulations designed to rein in the dominance of Big Tech compani...

Hanwha vice chair pitches submarines to Polish president

Hanwha vice chair pitches submarines to Polish president

Hanwha Group Vice Chairman Kim Dong-kwan is stepping up efforts to win Poland's high-profile submarine project worth an estimated 3 trillion won ($2...

S.Korean food company hy boosts cosmetics unit

S.Korean food company hy boosts cosmetics unit

South Korea’s hy, formerly Korea Yakult, has launched cosmetics made with fermented products using its self-developed lactic acid bacteria, ex...

Aramco, PIF chief to meet key South Korean figures this week

Aramco, PIF chief to meet key South Korean figures this week

Yasir Othman Al-Rumayyan, chairman of the world’s top oil company Saudi Arabian Oil Co. (Aramco) and governor of the kingdom’s sovereign...

SK Group, NPS may exercise put option on Masan without gain

SK Group, NPS may exercise put option on Masan without gain

South Korean institutional investors, including SK Group and National Pension Service (NPS), are likely to only recover their principal without prof...

Korean startups join hands amid dwindling funding, acceleration support

Korean startups join hands amid dwindling funding, acceleration support

Collaboration is becoming active among peer startups in South Korea to create synergy between different technologies and accelerate an early stage s...

Over 130 Chinese travel industry officials visit S.Korea

Over 130 Chinese travel industry officials visit S.Korea

Since the Chinese government allowed its citizens to participate in group tours to South Korea last month, Chinese travel industry representatives h...

KT, Vector Institute to cooperate for hyperscale AI

KT, Vector Institute to cooperate for hyperscale AI

South Korea's KT Corp. announced on Wednesday that it has been in talks with Canada's Vector Institute to explore collaborative opportunities in the...

S.Korean gov't to invest $827 mn in cyber security sector by 2027

S.Korean gov't to invest $827 mn in cyber security sector by 2027

South Korea will invest 1.1 trillion won ($827.1 million) in the information security sector by 2027, nearly double its combined budget of 556.9 bil...

Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media Return of the K-pop queens: Blackpink, Twice power up YG, JYP Samsung to launch AI health coach beta in US by end-2025 South Korea moves to mandate treasury share cancellation