Fed’s big rate cut spurs Korean firms to issue foreign bonds

Fed’s big rate cut spurs Korean firms to issue foreign bonds

South Korean companies rushed to issue foreign currency bonds after the US Federal Reserve lowered interest rates for the first time in more than fo...

KT to develop AI tech to filter spam messages

KT to develop AI tech to filter spam messages

South Korea's KT Corp. said on Tuesday it will work with the Korea Internet & Security Agency (KISA) to launch an artificial intelligence (AI)...

LG Innotek develops AI for raw material inspection

LG Innotek develops AI for raw material inspection

LG Innotek, a leading South Korean electronics parts maker, said on Wednesday it developed an artificial intelligence (AI) system that can filter ou...

LG Electronics launches Global Heat Pump Consortium

LG Electronics launches Global Heat Pump Consortium

LG Electronics Inc. said on Tuesday it launched a Global Heat Pump Consortium to strengthen cooperation on heating, ventilation, and air condition...

Asan Nanum Foundation to hold startup competition in November

Asan Nanum Foundation to hold startup competition in November

The Asan Nanum Foundation announced on Wednesday that it will hold a demo day for “The Chung Ju-yung Startup Competition” on Nov. 7 at C...

Doosan Enerbility defies doubters about homegrown gas turbines

Doosan Enerbility defies doubters about homegrown gas turbines

Doosan Enerbility Co., a leading power plant engineering company in South Korea, has defied doubters about its gas turbines, the first produced at h...

Airbnb Korea to evict listings not submitting business license

Airbnb Korea to evict listings not submitting business license

Airbnb Korea announced on Tuesday that it will require new listings on the platform to submit business registration information and a business licen...

Hansae acquires US textile company Texollini

Hansae acquires US textile company Texollini

South Korean garment maker Hansae Co. said on Tuesday that it acquired the US-based textile manufacturer Texollini Inc.Founded in 1989, Texollini is...

LG releases sea lion-themed animal conservation video in Times Square

LG releases sea lion-themed animal conservation video in Times Square

LG Electronics Inc. announced on Tuesday that it has unveiled a sea lion-themed video for its “The LG Endangered Species Series” campaig...

Samsung Display to build $1.8 billion OLED plant in Vietnam

Samsung Display to build $1.8 billion OLED plant in Vietnam

Samsung Display Co., a leading South Korean display maker, will build a $1.8 billion organic light-emitting diode (OLED) line in Vietnam for small- ...

Osstem Implant to boost digital dentistry business

Osstem Implant to boost digital dentistry business

South Korea's Osstem Implant Co., the world’s fourth-largest dental implant maker, will enhance its software system of digital dentistry. ...

Samsung clinches 1st supply deal with Vodafone Idea

Samsung clinches 1st supply deal with Vodafone Idea

Samsung Electronics Co. is set to supply $720 million worth of mobile network equipment to Vodafone Idea Ltd. in a contract that marks its first sup...

Korea’s MeatBox to go public despite other failed grocery platform IPOs

Korea’s MeatBox to go public despite other failed grocery platform IPOs

MeatBox Global Inc., South Korea’s online livestock product sales platform operator, aims for an initial public offering valued at up to 28.5 ...

Naver to set up Middle Eastern headquarters in Saudi Arabia

Naver to set up Middle Eastern headquarters in Saudi Arabia

Naver Corp., which has been actively seeking to unlock opportunities in the Middle East with its new growth engines artificial intelligence, cloud a...

NCSOFT launches evaluation model to verify performance of AI LLMs

NCSOFT launches evaluation model to verify performance of AI LLMs

NCSOFT Corp. announced on Monday that it has launched VARCO Judge LLM, the first evaluation model in South Korea to verify the performance and capab...

LG Chem to provide cathode materials to Japan's PPES

LG Chem to provide cathode materials to Japan's PPES

South Korea's LG Chem Ltd. said on Sunday it will begin supplying cathode materials to Prime Planet Energy & Solutions (PPES), a battery joint v...

HD Hyundai to supply shaft generator for Middle Eastern firm

HD Hyundai to supply shaft generator for Middle Eastern firm

South Korea's HD Hyundai Marine Solution Co. secured a $37 million contract to supply shaft generator systems for 17 liquefied natural gas (LNG) car...

Analysts rebut Morgan Stanley’s chip winter view; oversupply unlikely

Analysts rebut Morgan Stanley’s chip winter view; oversupply unlikely

Morgan Stanley’s recent view that the global chip industry faces an imminent winter and companies like SK Hynix Inc. will suffer is exaggerate...

Korean banks post significant H1 profit drop at overseas operations

Korean banks post significant H1 profit drop at overseas operations

South Korea’s top four banks saw a significant drop in their overseas earnings in the first half as they focused more on domestic businesses s...

Hyundai Steel set to supply iron powder to Korean LFP cathode makers

Hyundai Steel set to supply iron powder to Korean LFP cathode makers

Hyundai Steel Co., a unit of South Korean automotive group Hyundai Motor Co., is set to enter the battery materials business by supplying iron powde...

SK Hynix to participate in TSMC's OIP 2024

SK Hynix to participate in TSMC's OIP 2024

South Korean chipmaker SK Hynix Inc. will participate in the Open Innovation Platform (OIP) Ecosystem Forum hosted by Taiwan's TSMC, the world's lar...

Hanwha unveils carbon-free gas carrier amid tougher rules

Hanwha unveils carbon-free gas carrier amid tougher rules

Hanwha Ocean Co., South Korea’s third-largest shipbuilder, has introduced a carbon-free gas carrier to meet the growing demand for eco-friendl...

Koramco puts Hyundai Motor Securities building on market

Koramco puts Hyundai Motor Securities building on market

Koramco Asset Management Co. has put the Hyundai Motor Securities building in Seoul's Yeouido business district (YBD) on the market. The deal is exp...

Race to win tableside ordering market heats up in Korea

Race to win tableside ordering market heats up in Korea

Baemin, South Korea's top food delivery platform, and the country’s leading travel and accommodation booking platform operator Yanolja Co. hav...

Hyundai Motor Group becomes KT's largest shareholder

Hyundai Motor Group becomes KT's largest shareholder

Hyundai Motor Group has officially become the largest shareholder of South Korea's major telecommunications company KT Corp., following a public int...

S.Koreans log most hours on YouTube worldwide

S.Koreans log most hours on YouTube worldwide

YouTube was the most popular app among South Korean smartphone users, a study found, logging the most hours on the video streaming platform worldwid...

LG Elec, Ricoh to team up for B2B DX business

LG Elec, Ricoh to team up for B2B DX business

LG Electronics Inc. said on Thursday that it signed a memorandum of understanding (MOU) with global office solutions company Ricoh to discover servi...

South Korean investors bet big on ETFs tracking Indian equities

South Korean investors bet big on ETFs tracking Indian equities

India has emerged as a new darling for South Korean investors actively searching for an alternative to China reeling from multiple economic setbacks...

SK Enmove gets gold rating of EcoVadis ESG evaluation

SK Enmove gets gold rating of EcoVadis ESG evaluation

South Korea’s lube oil maker SK Enmove Co., Korea’s top oil refiner SK Innovation Co.'s subsidiary, said on Thursday it received a Gold ...

Korean ramen makers set sights beyond US to Latin America

Korean ramen makers set sights beyond US to Latin America

Nongshim Co. and Samyang Foods Co., South Korea’s two largest ramen makers, are ramping up production to create and meet demand for their spic...

Kakao Pay backs out of acquisition deal for SSG Pay, Smile Pay Hanwha in talks to buy five-star hotel Paraspara Seoul Kia's Lego-like PV5 with 16 variants to hit market in July Stray Kids make K-pop history with landmark stadium show in Germany S.Korea’s most prominent business leader returns with all charges cleared