Yanolja acquires Israeli tourism tech company Go Global Travel

Yanolja acquires Israeli tourism tech company Go Global Travel

South Korea's tourism platform unicorn Yanolja has acquired Go Global Travel (GGT), an Israel-based company for global business-to-business (B2B) tr...

Kolon Industries to expand high-value specialty petroleum products plant

Kolon Industries to expand high-value specialty petroleum products plant

Kolon Industries Inc., a leading industrial materials maker in South Korea, announced on Monday that it will invest 24 billion won ($17.94 million) ...

CJ CheilJedang plans to globalize Korean street food

CJ CheilJedang plans to globalize Korean street food

South Korea's food giant CJ CheilJedang Corp. is set to launch a range of Korean street food as new products, aiming for global expansion. The compa...

Samsung to invest $221 mn to build R&D chip line in Japan: Nikkei

Samsung to invest $221 mn to build R&D chip line in Japan: Nikkei

Samsung Electronics Co. will build a prototype chip production facility in Japan for 30 billion yen ($221 million) to develop next-generation back-e...

KT to open medical checkup center in Hanoi, Vietnam

KT to open medical checkup center in Hanoi, Vietnam

South Korea's KT Corp. next year will launch a medical checkup center in Hanoi, Vietnam, under a strategy to advance its digital healthcare business...

Samsung's Lee to redefine growth roadmap with focus on new drivers

Samsung's Lee to redefine growth roadmap with focus on new drivers

Samsung Group leader Lee Jae-yong wrapped up a 22-day US business trip on Friday after meeting with nearly two dozen chief executives of multination...

HD Hyundai Energy Solutions to develop ultra-high efficiency solar panel

HD Hyundai Energy Solutions to develop ultra-high efficiency solar panel

South Korea's HD Hyundai Energy Solutions, HD Hyundai Co.'s solar power subsidiary, has set a goal to mass produce ultra-high efficiency solar panel...

Nexon beats major Korean rivals with China market, PC games

Nexon beats major Korean rivals with China market, PC games

Gaming giant Nexon Co. is dwarfing major South Korean rivals thanks to its success in China and PC titles.Nexon, a South Korean-Japanese game publis...

Doosan begins pre-IPO funding round for US fuel cell unit HyAxiom

Doosan begins pre-IPO funding round for US fuel cell unit HyAxiom

Doosan Corp., the holding company of South Korean plant-to-machinery conglomerate Doosan Group, is slated to attract $200 million for its hydrogen f...

Hanwha Systems wins $34.5 mn CMS order from Philippine Navy

Hanwha Systems wins $34.5 mn CMS order from Philippine Navy

South Korea's Hanwha Systems Co. revealed on Friday its bid to provide its domestically developed combat management system (CMS) to six 2,400-t...

Does Google Bard in Korean pose any risk to Naver, Kakao?

Does Google Bard in Korean pose any risk to Naver, Kakao?

MOUNTAIN VIEW, California – Global tech giant Google on Wednesday unveiled an upgraded version of Bard, its generative artificial intelligence...

Kia, Kakao Mobility to jointly develop PBV for ride-hailing

Kia, Kakao Mobility to jointly develop PBV for ride-hailing

Kia Corp. and Kakao Mobility announced on Friday that they have signed the previous day a memorandum of understanding for the development of a purpo...

S.Korean growth outlook dims on increased trade deficit

S.Korean growth outlook dims on increased trade deficit

South Korea’s exports are on course to drop for the eighth consecutive month as they declined in the first 10 days of May, data showed on Thur...

Korean KT Cloud to raise $452 mn from IMM via rights offering

Korean KT Cloud to raise $452 mn from IMM via rights offering

KT Cloud Corp., a subsidiary of South Korea’s telecom giant KT Corp., is set to raise 600 billion won ($452 million) from a unit of Seoul-base...

S.Korea to invest $2.6 bn in quantum technology by 2035

S.Korea to invest $2.6 bn in quantum technology by 2035

South Korea will spend 3.5 trillion won ($2.6 billion) on quantum science and technology development by 2035 in partnership with the country’s...

SK Chemicals to show eco-friendly cosmetic containers in China

SK Chemicals to show eco-friendly cosmetic containers in China

South Korea's SK Chemicals Co. will participate in the China Beauty Expo 2023, hold in Shanghai, China, from May 12 for three days. This event is ...

KGC promotes S.Korean top red ginseng brand CheongKwanJang in China

KGC promotes S.Korean top red ginseng brand CheongKwanJang in China

Korea Ginseng Corp. (KGC), wholly owned by South Korean tobacco giant KT&G Corp. , announced on Thursday its participation in the "2023 TFWA Wor...

CJ Logistics to establish global distribution center in Saudi Arabia

CJ Logistics to establish global distribution center in Saudi Arabia

South Korea's CJ Logistics unveiled plans on Thursday to construct a Global Distribution Center (GDC) in Saudi Arabia, a burgeoning logistics hub in...

Samsung Electronics to open flagship store in Seoul's Gangnam district

Samsung Electronics to open flagship store in Seoul's Gangnam district

Samsung Electronics Co. in late June will open its new flagship store Samsung Gangnam near Gangnam Station, a posh area of Seoul.Sources from the in...

Terra co-founder Do Kwon’s $177 million assets in Korea under seizure

Terra co-founder Do Kwon’s $177 million assets in Korea under seizure

Terraform Labs co-founder Do Kwon, the mastermind behind the Terra-Luna cryptocurrency collapse, has had most of his assets in South Korea frozen, a...

Slowing economy slams S.Korean retailers; outlook dim

Slowing economy slams S.Korean retailers; outlook dim

South Korean major retailers are suffering from a slowdown in Asia’s fourth-largest economy, adding to concerns about weaker earnings in the c...

US eyes new rules for Samsung, SK to bring chip machines to China

US eyes new rules for Samsung, SK to bring chip machines to China

The US government is considering establishing new rules for South Korea’s chipmakers to import advanced equipment to China to upgrade their fa...

K-beef targets global halal market through exports to Malaysia

K-beef targets global halal market through exports to Malaysia

Korean beef is making its entry into the global halal food market, starting with Malaysia. South Korean Ministry of Agriculture, Food and Rural Affa...

Mirae Asset Securities joins Singapore Exchange's trading membership

Mirae Asset Securities joins Singapore Exchange's trading membership

South Korea's Mirae Asset Securities has made history as the first Korean financial investment firm to join the Singapore Exchange's (SGX) trading...

LS Electric targets Southeast Asian microgrid market

LS Electric targets Southeast Asian microgrid market

South Korea's LS Electric Co. will join hands with Thailand's second-largest company Siam Cement Group (SCG) to target the Southeast Asian market fo...

S.Korea’s chronic disease: Decline in youth employment

S.Korea’s chronic disease: Decline in youth employment

The number of young workers in South Korea fell for a sixth straight month in April to its lowest point in more than two years, deepening concerns t...

Hanwha Q Cells holds No.1 position in US solar module market

Hanwha Q Cells holds No.1 position in US solar module market

Hanwha Q Cells Co., a unit of South Korea’s chemicals-to-construction conglomerate Hanwha Group, secured the top position in the US resid...

Korean shipyards to benefit from record LNG carrier prices

Korean shipyards to benefit from record LNG carrier prices

South Korean shipbuilders are expected to benefit from record liquefied natural gas (LNG) carrier prices while bagging more orders for new vessels d...

S.Korean kitchen robot startup Wave attracts $3 mn investment

S.Korean kitchen robot startup Wave attracts $3 mn investment

South Korea's kitchen robot startup Wave Lifestyle Technologies announced on Tuesday that it has raised a Series A1 investment of 4 billion won ($3 ...

Virtual human YT debuts as SSG.COM’s shopping host

Virtual human YT debuts as SSG.COM’s shopping host

SSG.COM, the e-commerce brand of South Korean retail giant Shinsegae Inc., announced on Tuesday that virtual human YT has been named the official sh...

Vietnam’s top leader to make first South Korea visit in 11 years Test case looms for Korea’s revised Commercial Act as VIP Asset challenges Lotte Rental’s rights issue to Affinity HYBE sparks summer vibes with BTS live album, TXT comeback, new boy band launch K-beauty contract manufacturers see record Q2 profits; rally likely to continue S.Korea’s Bebesup earns China nod for baby skincare, eyes global expansion