S.Korean firms applies for record-high 76,592 patents abroad in 2022

The Korean Intellectual Property Office (KIPO) on Thursday said the number of patents filed overseas by domestic companies last year set a record-hi...

S.Korean gov't unveils $424 mn strategy to boost software, AI industries

South Korean government has announced plans to invest about 563 billion won ($424 million) in bolstering the domestic software and artificial intell...

Another war in Russia: Hyundai, Kia versus Chinese carmakers

In Russia, which is in a state of war against Ukraine, there’s another war going on. This time, the war is between South Korea’s two lar...

S.Korea to inject $15 bn in rechargeable battery sector by 2030

South Korea will invest 20 trillion won ($15.1 billion) in the rechargeable battery sector by 2030 to widen its technology gap with global competito...

Indonesia's Green Rebel enters S.Korean alternative meat market

Indonesia-based food tech startup, Green Rebel Foods, made public its official entry into the Korean plant-based protein food market. Bryan Toh, Glo...

Korea Tourism Organization to host K-Tourist Festival in Japan

The Korea Tourism Organization announced on Thursday that it will hold a "K-Tourism Festival" on Apr. 21-22 in Hiroshima and Fukuoka, the key market...

Korean gov’t pledges additional $7.9 bn for startups amid fund squeeze

The South Korean government will spend an additional 10.5 trillion won ($7.9 billion) to shore up the country’s startups and venture capitalis...

Hyundai Engineering, SK Ecoplant to produce carbon-neutral hydrogen

South Korea's Hyundai Engineering Co. and SK Ecoplant Co. are teaming up with Ultra Safe Nuclear Corporation (USNC), a US micro modular reactor (MMR...

Kolmar BNH gets approval for health functional food ingredient in US

Kolmar BNH Co. has received approval from the US Food and Drug Administration (FDA) for a domestically developed health functional food ingredient.K...

Export of Korean medical devices to Vietnam to be easier

South Korea's Ministry of Food and Drug Safety announced on Thursday that the public procurement regulations of the Vietnamese government, which had...

Sports tech startups poised to launch next Korean unicorn

UK Premier League Tottenham Hotspur star forward Son Heung-min and two-way US MLB icon Shohei Ohtani, a designated pitcher and hitter for the Los An...

LS Electric, Microsoft to jointly develop smart factory

LS Electric Co., South Korean manufacturer of power and industrial automation equipment, has signed a partnership agreement with Microsoft to develo...

SK Hynix unveils industry’s slimmest 12-layer, 24 GB HBM3 chip

SK Hynix Inc., the world’s second-largest memory chipmaker, said on Thursday it has developed the world’s first 12-layer DRAM product wi...

S.Korea to raise R&D's share of defense budget to 10%

South Korea will develop a reconnaissance and interception system to respond to North Korea's nuclear weapons and missile threats from space by rais...

Nexon Games’ Blue Archive surpasses 1 million pre-registrants in China

South Korea’s Nexon Games Co. on Wednesday said the number of pre-registrants for its strategy role-playing game Blue Archive exceeded one mil...

K-pop group Astro's Moonbin found dead in his apartment

Moonbin, a member of K-pop group Astro, has died, South Korean police said on Thursday.According to the police and the music industry, his manager f...

S.Korean LPs to up exposure to private debt, infrastructure in 2023: Survey

South Korean institutional investors are eyeing private debt and infrastructure for stable income and to hedge against inflation, a survey by The Kore...

Hyundai Mobis aims to win $1 bn in China orders in 2023

South Korea's leading auto parts supplier Hyundai Mobis announced that it will win $1 billion this year in China, the world's largest electric veh...

MBK Partners to buy Belgian chocolate brand Pierre Marcolini

Private equity firm MBK Partners is set to acquire Pierre Marcolini, a Belgian chocolate brand called "Hermes of Chocolate."MBK bought the South Kor...

S.Korea's Com2verse releases metaverse virtual office

South Korean game company Com2uS Corp. announced on Wednesday that its metaverse subsidiary, Com2Verse, has released a YouTube video showcasing the ...

Hyundai donates medical wearable robot to support rehabilitation

Hyundai Motor Co. donated on Wednesday two medical wearable robots to Asan Medical Center in the south of Seoul for "gait rehabilitation robot thera...

S.Korean gov't to support domestic startups in Saudi Arabia entry

South Korea's Ministry of SMEs and Startups held on Wednesday the "K-Deep Tech Startup Meetup" event at Startup Alliance & Space in Gangnam dist...

S.Korea’s five major companies form data network alliance

South Korea's five major companies have joined forces to make a combined data product that consolidates their respective information, ranging from c...

Korean battery players LG, Samsung, SK sweep US EV tax credits

It has long been talked about and finally confirmed: South Korean battery companies are well-placed to benefit from the strengthened requirements of...

Innocean to cooperate domestic EV charging company for marketing

Innocean, a Hyundai Motor Group-affiliated advertising agency, announced on Wednesday that it has signed a memorandum of understanding (MOU) with EV...

Curexo, Kyocera to enter Japan’s artificial joint surgery robot market

South Korea's medical robot company Curexo partnered with Kyocera Corporation to enter the Japanese market for artificial joint surgery robots.Curex...

HD Hyundai develops S.Korea's first offshore supply base for ammonia

HD Hyundai Co., the largest shipbuilding conglomerate in South Korea on Wednesday said it developed for the first time in the country a vessel for s...

AbClon shows promising results in clinical tests of leukemia treatment

South Korean companies are standing out in the global competition to develop chimeric antigen receptor T-cell (CAR-T) treatments, dubbed "dream" a...

China, India: Korean investors’ next stock investment targets

The US stock market has long been the prime investment destination for South Korean investors, lured by the dynamics of the global top economy.With ...

GeneOne Life Science gets patent for coated microneedle tech in China

South Korea’s biopharmaceutical company GeneOne Life Science Inc. on Tuesday said it received a patent from the China National Intellectual Pr...