KAI, Hanwha Systems to collaborate on special operations helicopter

KAI, Hanwha Systems to collaborate on special operations helicopter

Korea Aerospace Industries Ltd. (KAI), South Korea’s sole military aircraft manufacturer, said on Thursday it signed an exclusive memorandum o...

Naver to upgrade Korean map service for foreigners

Naver to upgrade Korean map service for foreigners

South Korean online giant Naver Corp. is set to upgrade its digital map service for foreigners to attract more global users as the domestic market g...

FTC fines Kakao Mobility $55 mn for alleged unfair taxi-hailing service

FTC fines Kakao Mobility $55 mn for alleged unfair taxi-hailing service

South Korea’s antitrust body has fined Kakao Mobility Corp., the country’s largest taxi-hailing app operator, 72.4 billion won ($54.9 mi...

Hanwha Q Cells sells 142 MW solar power plant in Washington

Hanwha Q Cells sells 142 MW solar power plant in Washington

Hanwha Q Cells Co., a solar panel manufacturing arm of South Korea's Hanwha Solutions Corp., said on Wednesday that it sold a 142-megawatt solar pow...

LG Elec tops US sustainable brand rankings for HVAC, appliances

LG Elec tops US sustainable brand rankings for HVAC, appliances

LG Electronics Inc. said on Wednesday it was named the most sustainable brand in the US for its heating, ventilation, and air conditioning (HVAC) so...

LG Chem develops material blocking battery thermal runaway

LG Chem develops material blocking battery thermal runaway

LG Chem Ltd. has developed a material that can prevent thermal runaway in a lithium-ion battery, one of the major hurdles to the expansion of the el...

Korea’s finance min, central bank chief to take on demographic crisis

Korea’s finance min, central bank chief to take on demographic crisis

South Korea’s finance minister and central bank chief on Monday agreed to address the world’s lowest fertility rate, a most urgent task ...

Wealthy Koreans look to Indian equities as 'next China' investment

Wealthy Koreans look to Indian equities as 'next China' investment

First, it was the US that attracted many South Korean investors looking for higher returns.And then came China, which ensnared Korean retail investo...

Celltrion establishes subsidiary in Vietnam

Celltrion establishes subsidiary in Vietnam

Celltrion Inc., South Korea’s largest biosimilar maker, said on Monday that it completed the establishment of a local subsidiary in Vietnam....

LG Uplus, GSMA sign Open Gateway agreement

LG Uplus, GSMA sign Open Gateway agreement

South Korea's LG Uplus Corp. said on Monday that it signed an agreement with the Global System for Mobile Communications Association (GSMA) to parti...

Microsoft, KT join forces to propel Korea’s AI innovation

Microsoft, KT join forces to propel Korea’s AI innovation

Microsoft Corp. and KT Corp., one of South Korea's top three telecom companies, will drive artificial intelligence transformation in the Korean firm...

S.Korea to offer incentives to attract foreign scientists

S.Korea to offer incentives to attract foreign scientists

South Korea will offer incentives including a 50% income tax cut to attract foreign scientists to develop new growth drivers such as artificial inte...

Seoul rejects Elliott’s $20 mn claim against Samsung C&T

Seoul rejects Elliott’s $20 mn claim against Samsung C&T

Elliott Investment Management Corp. has lost a case against Samsung C&T Corp. in seeking 26.7 billion won ($20.2 million) compensation in connec...

Loss-making Gmarket joins Shinsegae’s job cut spree

Loss-making Gmarket joins Shinsegae’s job cut spree

Gmarket Inc. will cut jobs for the first time since it was acquired by South Korea’s retail giant Shinsegae Group in 2021, joining the group&r...

Shinhan Card launches debit cards for foreign residents in S.Korea

Shinhan Card launches debit cards for foreign residents in S.Korea

South Korea's Shinhan Card said on Friday that it has launched two debit cards exclusively for foreign residents in the country: the SOL Global Chec...

Shinsegae International launches Harley-Davidson Collections

Shinsegae International launches Harley-Davidson Collections

South Korea's Shinsegae International Co. launched a brand called Harley-Davidson Collections on Friday, blending Harley-Davidson’s motorcycle...

Netmarble acquires ISO 45001 certification

Netmarble acquires ISO 45001 certification

Netmarble Corp. announced on Friday that it has become the first company in the Korean game industry to obtain the ISO 45001 certification for its s...

Chip winter looming? Micron, Samsung give opposite views

Chip winter looming? Micron, Samsung give opposite views

Micron Technology Inc. on Wednesday delivered stronger-than-expected quarterly results and gave a bullish outlook for the current quarter, shrugging...

SK Broadband unveils upgraded AI-powered IPTV service

SK Broadband unveils upgraded AI-powered IPTV service

SK Broadband Co., South Korea’s No. 2 internet service provider, has upgraded the voice command function of its internet protocol television (...

Hyundai Mobis gets cybersecurity certification in Europe

Hyundai Mobis gets cybersecurity certification in Europe

Hyundai Mobis Co. has become the first Asian auto parts company to receive cybersecurity certification in Europe, which is leading the way in establ...

Netmarble unveils teaser video for its new game ‘The King of Fighters’

Netmarble unveils teaser video for its new game ‘The King of Fighters’

Netmarble Corp. announced on Thursday that it premiered a teaser video for its new game “The King of Fighters (KOF) AFK” at the SNK boot...

Near Brain gives hope to millions of stroke patients worldwide

Near Brain gives hope to millions of stroke patients worldwide

Strokes are the second leading cause of death and the third leading cause of disabilities globally, according to the World Health Organization.To fi...

CJ Logistics, Aidin Robotics to co-develop logistics robots

CJ Logistics, Aidin Robotics to co-develop logistics robots

South Korea’s CJ Logistics and Aidin Robotics recently signed a memorandum of understanding to co-develop and commercialize logistics robots.U...

Seoul Semiconductor wins no-wire LED patent case in Europe

Seoul Semiconductor wins no-wire LED patent case in Europe

South Korea’s Seoul Semiconductor Co. said on Wednesday it won a patent dispute against Taiwan's Everlight Electronics Co. after the European ...

Korean cosmetics fly off shelves on Amazon, other e-commerce platforms

Korean cosmetics fly off shelves on Amazon, other e-commerce platforms

South Korean cosmetics are top picks among beauty products on Amazon.com and other global e-commerce platforms amid the growing popularity of K-beau...

Korea Securities to expand its ultra-high net worth business

Korea Securities to expand its ultra-high net worth business

Korea Investment & Securities announced on Thursday that it has signed a memorandum of understanding (MOU) with Arceon Group to strengthen its o...

LG Energy Solution’s battery management business gains traction

LG Energy Solution’s battery management business gains traction

LG Energy Solution Ltd. has kicked off a battery management total solution (BMTS) business to offer automakers more advanced and comprehensive batte...

Hyundai Glovis, BYD seek strategic alliance on car exports

Hyundai Glovis, BYD seek strategic alliance on car exports

Hyundai Glovis Co. has inked a memorandum of understanding with China's No. 1 electric vehicle maker BYD Co. to form a strategic alliance on car tra...

SK Telecom, KT win at Leading Lights Awards

SK Telecom, KT win at Leading Lights Awards

SK Telecom Co. and KT Corp. received the Leading Lights Awards 2024. SK Telecom and KT were named winners of Outstanding Use Case: AI/Machine L...

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...

LG links up with Chinese rivals for budget appliance supremacy Mercedes opens world’s 1st Maybach flagship center in Seoul Blackpink's new single Jump tops Spotify daily chart K-content goes cultural: KPop Demon Hunters sparks heritage K-goods craze POSCO supplies HIC-resistant steel for Aramco’s Fadhili gas plant