Samsung unveils 2024 AI TV lineup in India

Samsung unveils 2024 AI TV lineup in India

Samsung Electronics Co. launched its 2024 new TV lineup with enhanced AI functions at the Samsung Opera House in Bengaluru, India, on April 17.At th...

LG to double global built-in appliance sales to $722 mn

LG to double global built-in appliance sales to $722 mn

MILAN, ITALY – LG Electronics Inc. eyes 1 trillion won ($722 million) in global built-in appliance sales in three years by winning the hearts ...

S.Korean gov’t selects six overseas cities for K-City Network

S.Korean gov’t selects six overseas cities for K-City Network

The South Korean Ministry of Land, Infrastructure and Transport announced on Wednesday that it selected six cities including Indonesia's Jakarta, Vi...

Daesung PE tops Korean venture funds by return in 2018-2023

Daesung PE tops Korean venture funds by return in 2018-2023

Daesung Private Equity Inc. in South Korea has become the top local venture capital manager in terms of realized capital gain between 2018 and 2023,...

Korean unicorns slow growth to focus on profits

Korean unicorns slow growth to focus on profits

South Korean unicorns, or startups valued at $1 billion or more, are slowing the pace of growth to shore up their bottom lines as they revive l...

Hyundai Glovis to supply $29 mn logistics automation systems

Hyundai Glovis to supply $29 mn logistics automation systems

South Korea's Hyundai Glovis Co. announced on Wednesday that it signed a contract with Korea Superfreeze Inc. and EcoPro CnG to supply logistics aut...

Autech enters silver car market for seniors

Autech enters silver car market for seniors

South Korea's specialty vehicle company Autech Corporation announced on Tuesday that it plans to enter the silver car market for seniors. It al...

S.Korean game developers to utilize idol group IPs

S.Korean game developers to utilize idol group IPs

Kakao Games Corp., a game publishing unit of South Korean tech giant Kakao Corp., signed a licensing deal with SM Entertainment Co. to utilize idol ...

Korean won at 17-month low on Middle East woes, Fed rate view

Korean won at 17-month low on Middle East woes, Fed rate view

The South Korean won currency on Tuesday fell to its weakest level in 17 months, briefly touching the psychologically important 1,400 per dollar lev...

Korea’s Celltrion, SK Biopharmaceuticals benefit from direct US sales

Korea’s Celltrion, SK Biopharmaceuticals benefit from direct US sales

Celltrion Inc. and SK Biopharmaceuticals Co. are witnessing improving sales revenue and profitability by selling their products through their own ma...

Affinity to buy SK Rent-a-Car at $572 mn, more deals expected

Affinity to buy SK Rent-a-Car at $572 mn, more deals expected

Affinity Equity Partners is set to buy SK Rent-a-Car Co., South Korea’s No. 2 car leasing company, at some 800 billion won ($572 million), rai...

SK D&D, Habyt to cooperate for residential business

SK D&D, Habyt to cooperate for residential business

SK D&D Co., a real estate unit of South Korea’s SK Group, announced on Tuesday that it signed a memorandum of understanding (MOU) with the...

Korean unicorns’ failed global expedition causes growth concern   

Korean unicorns’ failed global expedition causes growth concern   

Woowa Brothers Corp. and Viva Republica Inc., South Korea’s most valuable unicorns, have pulled the plug on some of their overseas businesses ...

Lotte Home Shopping expands Japan tour packages

Lotte Home Shopping expands Japan tour packages

South Korea's Lotte Home Shopping said on Tuesday that it will expand its range of travel packages to Japan, including trips to Kyushu and Okinawa, ...

Samsung, LG look to Europe with AI-powered built-in kitchen appliances

Samsung, LG look to Europe with AI-powered built-in kitchen appliances

MILAN, ITALY – Samsung Electronics Co. and LG Electronics Inc. are big names in the US home appliances market. The two South Korean electronic...

Korean lidar venture SOSLab eyes Kosdaq debut in May

Korean lidar venture SOSLab eyes Kosdaq debut in May

South Korean light detection and ranging (lidar) startup SOSLab aims to debut on the junior bourse Kosdaq in May, according to banking sources on Su...

Korean kimchi makers spur production in US, Australia

Korean kimchi makers spur production in US, Australia

South Korean top food makers such as CJ CheilJedang Corp. and Daesang Corp. are expanding their kimchi factories overseas to meet growing demand for...

Lotte Innovate, Kolon Benit to cooperate on AI Solutions

Lotte Innovate, Kolon Benit to cooperate on AI Solutions

South Korea’s Lotte Innovate (formerly, Lotte Data Communication Co. ) announced that it signed a memorandum of understanding (MOU) with Kolon...

SK On, Siemens DISW to build smart factory system

SK On, Siemens DISW to build smart factory system

South Korean rechargeable battery maker SK On Co. signed a memorandum of understanding (MOU) with Siemens Digital Industries Software (Siemens DISW)...

Korean startup CEOs away from home lead global expedition

Korean startup CEOs away from home lead global expedition

South Korea’s promising startup founders, who normally double as chief executive officers for their companies, are leaving their home turf to ...

Korean tire makers step up push into bigger, high-margin tires

Korean tire makers step up push into bigger, high-margin tires

South Korean tire makers are betting big on premium tires fitted for sports utility vehicles, full-size sedans and electric vehicles, after bigger a...

Nexon's Dave the Diver wins BAFTA Games Awards

Nexon's Dave the Diver wins BAFTA Games Awards

South Korea’s game developer Nexon Co. announced on Friday that its PC RPG game Dave the Diver won the Game Design award at the British Academ...

Manyo’s Pure Cleansing Oil to hit US Costco shelves in July

Manyo’s Pure Cleansing Oil to hit US Costco shelves in July

South Korea’s naturalism cosmetics company Manyo Co. has hit the jackpot in a deal to supply its best-selling face cleansing product, Pure Cle...

Kakao joins open-source community AI Alliance

Kakao joins open-source community AI Alliance

Kakao Corp. announced on Friday that it joined the global open-source community The AI Alliance to support AI research and development.Established i...

Coupang to raise membership fees, 1st hike in over 2 years

Coupang to raise membership fees, 1st hike in over 2 years

Coupang Inc., South Korea’s largest e-commerce platform, said on Friday it will raise membership fees 58.1% to 7,890 won ($5.7) per month as i...

Hanwha Vision unveils cloud, AI security techs in US

Hanwha Vision unveils cloud, AI security techs in US

South Korea's Hanwha Vision Co. announced on Friday that it participated in the International Security Conference & Exposition (ISC) 2024, the l...

F&B chain operator TheBorn Korea eyes IPO in 2024

F&B chain operator TheBorn Korea eyes IPO in 2024

South Korea’s leading food and beverage group TheBorn Korea Inc., which operates 25 restaurant and café chains in domestic and global m...

Hyundai Mobis to unveil crab-walking car in S.Korea

Hyundai Mobis to unveil crab-walking car in S.Korea

South Korea’s Hyundai Mobis, the world’s sixth-largest auto parts supplier, announced on Thursday that it will participate in the 37th I...

Hyundai Wia targets Chile's advanced arms market

Hyundai Wia targets Chile's advanced arms market

Hyundai Wia Corp., an auto parts and defense unit of Hyundai Motor Group, announced on Thursday that it unveiled advanced weapons systems at the 202...

LG Elec, Microsoft, GE to collaborate for smart hospital

LG Elec, Microsoft, GE to collaborate for smart hospital

LG Electronics Inc. announced on Thursday that it signed a memorandum of understanding (MOU) with GE Healthcare Korea and Microsoft (MS) Korea to co...

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