MLOps startup Vessl AI eyes 50% sales from US in 2025
Vessl AI, a South Korea-native MLOps platform-operating startup, is envisioning a takeoff in the US next year after building a concrete client base ...
Korean shipbuilders in talks for $3.3 bn Qatar LNG tanker deals
South Korean shipbuilders are in talks with Qatari state companies for an estimated $3.3 billion in deals to manufacture additional liquefied natura...
South Korean stock market crashes; more falls seen ahead
The South Korean stock market was one of the worst victims of panic selling by investors fearing further negative US economic news on Monday, with t...
Macquarie buys its 1st Korean data center for $538 mn
Macquarie Korea Infrastructure Fund (MKIF) has signed an agreement to buy a 40-megawatt (MW) data center from Seoul-based IGIS Asset Management Co. ...
Korean tech stocks suffer falls despite strong Q2 results
Some 60% of the Kospi-listed companies that posted above-forecast results in the second quarter of this year have seen their share prices declining ...
GS25 to challenge Daiso in low-cost cosmetics market
South Korean convenience store chain GS25 said on Sunday it would expand the lineup of affordable and small-pack basic cosmetic products, targeting ...
Slowing economy creates opportunity for S. Korean used car sellers
South Korea’s used car sellers hope to take advantage of the slowing economic growth at home and abroad to expand their market shares.Lotte Re...
Activist fund KCGI to buy Hanyang Securities for $180 mn
South Korean private equity firm KCGI Co. is expected to acquire local brokerage house Hanyang Securities Co. for 244.9 billion won ($179.8 million)...
S.Korean stocks log largest daily loss since pandemic
The South Korean stock market dropped more than 3% on Friday to breach the psychologically important barrier of 2,700 in almost two months, after we...
Korean cosmetics, Amazon Prime Day’s top beauty products
South Korean cosmetics were top picks among beauty products of Amazon Prime members during the global leading e-commerce platform’s largest an...
KAI to supply firefighting helicopter to Gangwon Province
Korea Aerospace Industries Ltd. (KAI) announced on Friday that it signed a 33 billion won ($24 million) contract with Gangwon Special Self-Governing...
Samsung invests in US AI security startup Protect AI
Samsung Venture Investment Corp., Samsung Electronics Co.'s venture capital firm, has invested in Protect AI Inc., a US startup offering a security ...
Qxpress investors to take over Qoo10 founder's control
Financial investors of Qxpress Pte. are set to take over Singapore-based Qoo10 Pte. and its founder Ku Young Bae’s control amid financial turm...
S.Korea, China's technology leak, anti-dumping disputes surge
South Korean companies are getting tough on anti-dumping and patent infringement cases as they feel threatened by the intensifying price competition...
LG Display to sell its last LCD plant to CSOT for $1.5 bn
South Korea’s LG Display Co. plans to sell its liquid crystal display (LCD) panel plant in Guangzhou, China, to TCL China Star Optoelectronics...
BalanceHero sees record high H1 sales in India
BalanceHero, a South Korean fintech startup that entered the Indian market, announced on Friday that its sales and loan execution amounts for the fi...
SoftBank-backed Tridge in trouble amid Korean startup doom
Tridge Co., South Korea’s first agricultural product and food trading platform operator invested in by SoftBank Group Corp., is in financial t...
Korean commercial real estate market to show slow recovery in H2
South Korea’s commercial real estate market will post a slow recovery in the second half of this year due to rate cut delays and no big correc...
LG Chem emerges as global No. 4 chemicals maker: C&EN
South Korea’s LG Chem Ltd. has emerged as the world’s fourth chemicals producer, the second Asian company to be among the five largest a...
Shinsegae Factory Store to enter Laos in 2025
South Korea's Shinsegae Department Store announced on Wednesday that its off-price retail chain, Shinsegae Factory Store, will expand its global foo...
Toss Securities to establish New York subsidiary
South Korea's Toss Securities will establish a subsidiary in New York, the US to to expand its overseas business. The company announced on Tues...
Kyochon Chicken opens first store in Vancouver
South Korea's fried chicken chain Kyochon F&B announced on Tuesday that it opened its first store in Vancouver, Canada.Kyochon F&B opened Ky...
Korean treasury yields fall to lowest level in over 2 years
South Korea’s treasury bond yields fell to their lowest points in more than two years, slipping below the 3% level for the first time since Ap...
SM Entertainment, S.Korean startup Jienem to build K-Pop hotel
South Korea's residence operator startup Jienem announced on Monday that it signed a memorandum of understanding (MOU) with Kreation Music Rights (K...
Hyundai Motor chief Chung's unwavering support for Korean archery team
Hyundai Motor Group Chairman Chung Euisun’s love for archery is well-known in South Korea. The executive chairman of Hyundai Motor Co. and Ki...
Hanwha REIT to buy Hanwha Group office building for $584 mn
Hanwha REIT Co., a real estate investment arm of South Korea’s No. 7 conglomerate Hanwha Group, said on Monday that it is poised to acquire th...
SGC E&C secures $92 mn chemical plant project in Malaysia
South Korea's SGC eTEC E&C Co. announced on Monday that it secured an additional chemical plant construction project in Malaysia worth 127.3 bil...
Orion to collaborate with Vietnam on potato seed
South Korea’s Orion Corp. announced on Monday that it is strengthening its collaboration with the Institute of Agro-Biology, the Vietnam Natio...
S-Oil halts fire-hit paraxylene plant, faces revenue loss
ULSAN, South Korea -- It looks inevitable that S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., will take a substantial revenue hit from...
F&F to expand Discovery brand across Asia
F&F Co., a South Korean clothing company, said on Monday it signed an exclusive deal with Warner Bros. Discovery (WBD) to bring the outdoor bran...
