HD Hyundai Heavy picks Philippines as Asian base for warship sales
South Korea’s top shipbuilder HD Hyundai Heavy Industries Co. (HHI) said on Thursday it has chosen the Philippines as its base for the sale of...
Taihan Cable to supply UHV network to Balfour Beatty
South Korea's Taihan Cable & Solution Co. announced on Thursday that it will supply an an ultra-high voltage (UHV) power network worth $38 mil...
Hyundai Steel to resume steel production in Russia
South Korea’s Hyundai Steel Co. is expected to resume steel production in Russia two years after it took its plant offline in the country amid...
Korea reclaims top spot in global shipbuilding orders in February
South Korean shipbuilders reclaimed the global No. 1 position in new orders last month for the first time since October 2023, according to data by U...
Hyundai E&C expands foreign alliances in pursuit of UK SMR project
Hyundai Engineering & Construction Co. (Hyundai E&C) has welcomed two British companies to its joint bid with US energy technology company H...
Vivid Health gets seed round from Kakao Ventures
Vivid Health, a South Korean startup that operates an obesity treatment management platform announced on Wednesday that it got a seed round investme...
LG Elec showcases EV chargers optimized for various spaces
LG Electronics Inc. on Wednesday unveiled its electric vehicle charging solutions optimized for homes, commercial spaces and charging stations at 20...
Hyundai Movex to supply smart logistics for EcoPro BM Canada plant
South Korea’s Hyundai Movex Co., the logistics automation solutions affiliate of Hyundai Group, announced on Wednesday that it signed a 20 bil...
Woori Financial to sponsor MLB Seoul Series
South Korea's Woori Financial Group announced on Tuesday that it will be an official sponsor of the US Major League Baseball World Tour Seoul Series...
Seoul Semiconductor sues Amazon Europe for LED patent infringement
South Korea’s Seoul Semiconductor Co. said on Tuesday it had filed a complaint against multinational commerce giant Amazon with the European U...
HD KSOE reaches 50% of order target in two months
South Korea’s top shipbuilder HD Korea Shipbuilding & Offshore Engineering (HD KSOE) announced on Monday that it signed shipbuilding contr...
Mirae Asset to sell Korean treasuries to retail investors
The South Korean government on Monday tapped Mirae Asset Securities Co. as the brokerage chosen to sell treasury bonds, the sale of which will be la...
Korean EV battery makers to unveil tech for industry recharge
South Korea’s three major electric vehicle battery makers are gearing up to invigorate the global green car market with new technologies they ...
S.Koreans watch YouTube over 40 hours a month
South Koreans spend more than 40 hours per month on YouTube, according to the study on Monday.Wiseapp·Retail·Goods, the domestic appli...
Korean manufacturers on edge over US visa quotas
A South Korean automotive parts maker, which made its inroads into the US in the mid-2010s, sharply expanded its production facilities in Alabama la...
NPS to invest up to $8.2 bn in undervalued Korean stocks
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is expected to invest up to 11 trillion won ($8.2 ...
Samsung, LG Electronics sweep honors at iF Design Awards 2024
Samsung Electronics Co. and LG Electronics Inc. have taken home the most trophies among nominees at iF Design Awards 2024, setting a benchmark in de...
Meta’s AI, XR push to gain speed with Korea’s support
South Korea is backing Mark Zuckerberg, founder and chief executive officer of Meta Platforms Inc., in the Facebook operator’s artificial inte...
Wanted Lab, Digital Hearts to support S.Korean, Japanese startups
South Korea’s human resources (HR) management tech company Wanted Lab Inc. announced on Thursday that it has signed a memorandum of understand...
KT teams up with Amazon to bolster B2B generative AI
BARCELONA -- KT Corp., South Korea’s leading telecom services provider, said on Thursday it has signed a strategic partnership with Amazon Web...
S.Korean ramyun exports increase by 40% in January
South Korea's ramyun(instant noodles) exports increased 39.4% year-over-year to $86 million in January, according to the Korea Customs Service. Th...
Kakao Ventures invests in AI optimization startup Omelet
Kakao Ventures Corp. has made an undisclosed amount of seed investment into Omelet, a South Korean early stage startup developing industrial operati...
Celltrion ships initial supply of Zymfentra to US
South Korea's Celltrion Inc. announced on Wednesday that it shipped the first supply of its subcutaneous injection type of the autoimmune disease tr...
DevSisters, Krafton sign Cookie Run India publishing deal
South Korean game developer DevSisters Corp. announced on Wednesday that it has signed a publishing agreement in India for the mobile game "Cookie R...
Tous Les Jours exceeds 60 stores in Indonesia
CJ Foodville, the food subsidiary of South Korea's CJ Group, announced on Wednesday that its bakery chain brand Tous Les Jours has opened a new st...
Some 6 out of 10 working Korean women choose to be child-free
More than 60% of South Korean women from their mid-20s to their mid-40s who are currently working have no plan to have children although nearly all ...
Korean banking groups see record-high loan losses in 2023
South Korea’s top four financial services groups – KB, Shinhan, Hana and Woori -- booked 1.97 trillion won ($1.5 billion) of loans as lo...
Seoul City, Cyber Vally to support AI startups for overseas expansion
Seoul City announced on Tuesday that it will collaborate with Cyber Valley GmbH, Europe's largest artificial intelligence (AI) research consortium, ...
KHNP, Centrus sign LOI for nuclear fuel supply
Korea Hydro & Nuclear Power Co. (KHNP) announced on Monday that it has signed a letter of intent (LOI) with the US-based Centrus Energy Corp. to...
HyperCLOVA X surpasses GPT-4 in Korean AI evaluation
South Korea's Naver Cloud, the cloud computing arm of Naver Corp., announced on Tuesday that its HyperCLOVA X has scored higher than OpenAI and Goog...
