PhyxUp closes in on pre-seed round with US advance

PhyxUp closes in on pre-seed round with US advance

PhyxUp Health Inc., an early stage South Korean digital healthcare startup, will soon close a pre-seed funding round, said its founder and chief, wh...

AmCham launches young professionals program

AmCham launches young professionals program

The American Chamber of Commerce in Korea (AmCham) announced on Wednesday the official launch of its Young Professionals Program (YPP), aimed at nur...

AI plagiarism detection startup Muhayu eyes IPO in 2026

AI plagiarism detection startup Muhayu eyes IPO in 2026

South Korean artificial intelligence (AI) startup Muhayu hired Mirae Asset Securities as the lead manager for its initial public offering (IPO) targ...

Korea’s top resort operator Sono buys T'way stake for $76 mn

Korea’s top resort operator Sono buys T'way stake for $76 mn

South Korea’s top resort operator Sono International Co. has bought a stake in T'way Air Co., a local low-cost carrier (LCC), for 105.6 billio...

DN Solutions to build plant, R&D center in India

DN Solutions to build plant, R&D center in India

DN Solutions, the world's third-largest and South Korea's top machine tool manufacturer, said on Tuesday that it will establish a new plant and rese...

This Song Is Catchy and Going Viral. It’s Also North Korean Propaganda.

This Song Is Catchy and Going Viral. It’s Also North Korean Propaganda.

SEOUL—Jordan Daniels, a 31-year-old pianist and software engineer in California, posted a cover of a catchy new tune on TikTok. One asp...

Hyundai accelerates EV push in Indonesia with Kona EV

Hyundai accelerates EV push in Indonesia with Kona EV

JAKARTA, Indonesia – Hyundai Motor Co. has built its brand image as a high-end carmaker in Indonesia and controls the country's electric vehic...

Korean fashion platform Ably to raise $144 mn from Alibaba, others

Korean fashion platform Ably to raise $144 mn from Alibaba, others

Ably Corp., South Korea’s top online fashion platform operator, is set to raise 200 billion won ($144 million) from foreign investors such as ...

South Korean brokerages woo super-rich to make them even richer

South Korean brokerages woo super-rich to make them even richer

South Korea’s baby boomers, the demographic cohort born between 1955 and 1963, have largely built their wealth through hard work, savings and ...

Korea Eximbank to provide $150 mn PF to Australia

Korea Eximbank to provide $150 mn PF to Australia

The Export-Import Bank of Korea (Eximbank) announced on Tuesday that it will provide $150 million in project financing (PF) for developing a rare ea...

KB Securities downgrades LIG Nex1's investment opinion

KB Securities downgrades LIG Nex1's investment opinion

KB Securities Co. on Tuesday raised the target price for LIG Nex1 Co. from 195,000 won ($140.4) to 200,000 won amidst a recent significant rise in...

Samsung Electronics tops in S.Korea's after-sales service

Samsung Electronics tops in S.Korea's after-sales service

Samsung Electronics Service, a service subsidiary of Samsung Electronics Co.,  announced on Tuesday that it topped all categories - home applia...

S.Korea’s inflation holds below 3% for 3rd straight month

S.Korea’s inflation holds below 3% for 3rd straight month

South Korea’s headline inflation stayed in the 2% range for the third straight month in June after its slowest rate of increase in 11 months, ...

Solus to supply copper foil for AI accelerators to Nvidia

Solus to supply copper foil for AI accelerators to Nvidia

Solus Advanced Materials, a South Korean copper foil supplier, will provide copper foil for AI accelerators to Nvidia, a leading company in artifici...

Hyundai Motor to set up software R&D center in Silicon Valley

Hyundai Motor to set up software R&D center in Silicon Valley

Hyundai Motor Group, the world’s third-largest carmaker, is set to establish a software research center in Silicon Valley as software is becom...

Korean banks to cut corporate loans for profitability

Korean banks to cut corporate loans for profitability

South Korea’s Hana Bank is set to reduce new corporate loans despite rising demand to improve profitability and soundness after having increas...

Hyundai Glovis to spend $6.5 billion, seek M&As for expansion

Hyundai Glovis to spend $6.5 billion, seek M&As for expansion

Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, said on Friday it will spend 9 trillion won ($6.5 billion) throug...

South Korea sets sights on fostering EDA tech to win HBM chip war

South Korea sets sights on fostering EDA tech to win HBM chip war

In an escalating war in the semiconductor industry, insiders know there’s one technology critical for gaining chip supremacy: Electronic desig...

Hanwha’s Flexell Space to supply satellite solar cell to Terran Orbital

Hanwha’s Flexell Space to supply satellite solar cell to Terran Orbital

Flexell Space, an in-house space solar cell-developing startup under South Korea’s Hanwha Systems Co., will supply its tandem flexible batteri...

KT, EV Parking Services to cooperate on electric bus charging

KT, EV Parking Services to cooperate on electric bus charging

South Korea's KT Corp., South Korea’s largest telecom service provider, announced on Friday that it partnered with EV Parking Services (EVPS) ...

Duty-free stores: Golden goose gone for Korean retailers

Duty-free stores: Golden goose gone for Korean retailers

South Korea welcomed a record-high number of post-pandemic foreign tourist arrivals for a single quarter in the first three months of this year, but...

S.Korea’s consumer goods exports to top $100 bn in 2024: KOTRA

S.Korea’s consumer goods exports to top $100 bn in 2024: KOTRA

South Korea is projected to reap more than $100 billion from selling the country’s consumer goods overseas this year. Exports of such products...

SK Hynix develops SSD for AI PCs to be mass-produced this year

SK Hynix develops SSD for AI PCs to be mass-produced this year

South Korea’s SK Hynix Inc. introduced a solid-state drive (SSD) for on-device artificial intelligence PCs for mass production this year, to e...

Samsung to send chips into space via Nuri rocket

Samsung to send chips into space via Nuri rocket

Samsung Electronics Co. said on Friday that it signed an agreement with the domestic micro-satellite startup Nara Space Technology Inc. to develop i...

Upstage, Amazon to cooperate on AI solutions

Upstage, Amazon to cooperate on AI solutions

Upstage, South Korea’s artificial intelligence startup, announced on Thursday that it signed a multi-year strategic collaboration agreement (S...

Shopee to ramp up Korean goods sales in Vietnam, Thailand

Shopee to ramp up Korean goods sales in Vietnam, Thailand

Shopee Pte. Ltd., an e-commerce operator, plans to quadruple sales of South Korean products in Vietnam and Thailand by 2025 aiming to expand its glo...

Lotte Chilsung to reduce plastic usage by 20% by 2030

Lotte Chilsung to reduce plastic usage by 20% by 2030

South Korea’s Lotte Chilsung Beverage announced on Thursday that it plans to reduce plastic usage by 20% by 2030 by decreasing the weight of p...

Woori Financial, Natixis to manage global private equity fund

Woori Financial, Natixis to manage global private equity fund

South Korea's Woori Bank and Woori PE Asset Management announced on Thursday that they have signed a "strategic business agreement for creating a ...

SK Bioscience to buy German vaccine maker IDT Biologika for $244 mn

SK Bioscience to buy German vaccine maker IDT Biologika for $244 mn

South Korea’s vaccine developer SK Bioscience Co. will acquire a controlling stake in the world’s top 10 vaccine firm IDT Biologika GmbH...

Amazon to back K-Beauty’s broader global reach

Amazon to back K-Beauty’s broader global reach

US e-commerce juggernaut Amazon.com Inc. will offer South Korean cosmetics producers one-stop support to enable them to reach millions of customers ...

Hanwha Systems to compete with LIG Nex1 for Korean version of Iron Dome NH, KB Securities, Kookmin Bank, Kim & Chang lead capital markets in H1 From G-Dragon to Ibuki: Dongmyo emerges as global fashion hotspot Hyundai helps Korean economy most with $265 bn contribution South Korea issues €1.4 billion in largest-ever euro bond sale