Doosan Fuel Cell wins $73 mn hydrogen fuel cell contract

South Korea's Doosan Fuel Cell has secured a 100 billion won ($72.93 million) contract for the maintenance of hydrogen fuel cells, the company said ...

Korean shipbuilder Samsung Heavy resumes Asia push

Samsung Heavy Industries Co., a leading South Korean shipbuilder, is set to resume investments in its China-based facilities while considering launc...

NCSOFT taps ex-Pearl Abyss US head to lead N.America unit

NCSOFT Corp., South Korea’s major gaming company, said on Monday it has appointed Jin Jeonghee, former head of the US operations of local riva...

SK Telecom, Nokia to cooperate on AI-based network tech

South Korea's SK Telecom Co. announced on Monday that it signed a memorandum of understanding (MOU) with Nokia to commercialize the wired network AI...

Korea’s Ssangyong C&E exports eco-friendly limestone cement to US

Ssangyong C&E Co., a leading South Korean cement maker, said on Monday it has exported 30,000 tons of low-carbon limestone cement to the US &nda...

SkyLake offers to fully take over BusinessOn; stock rallies

Seoul-based private equity firm SkyLake Equity Partners has offered to buy the remaining shares of BusinessOn Communication Co., South Korea’s...

Carlyle, Keppel, IMM stay in final race for Ecorbit

Carlyle Group, a union of Hong Kong-based Keppel Corp. and Gaw Capital Partners and a consortium of IMM Investment and IMM Private Equity are the th...

HD Hyundai Mipo to build Korea’s first LCO₂ carrier

HD Hyundai Mipo Co., formerly Hyundai Mipo Dockland Co., has embarked on the construction of South Korea’s first liquefied CO₂ (LCO₂) carrier,...

Korea seeks to curb China's offshore wind farm dominance

South Korea will prioritize non-price factors such as economic security and contributions to the domestic supply chain over bidding prices when sele...

LIG Nex1, Palantir join forces on AI weaponry

LIG Nex1 Co., a leading South Korean defense contractor, is teaming up with US artificial intelligence (AI) specialist Palantir Technologies to deve...

Kakao to launch conversational AI platform for B2C commerce

South Korean mobile platform giant Kakao Corp. said on Thursday that it will accelerate its artificial intelligence push by launching a conversation...

SGC E&C secures $189 mn petrochem facility project in Saudi Arabia

SGC Engineering & Construction (E&C), a specialist in design, procurement and construction (EPC), said on Thursday that it has signed a cont...

Hyundai Elevator joins forces with Kakao Mobility for integration services

South Korea's Hyundai Elevator Co. said on Thursday that it has signed a memorandum of understanding (MOU) with Kakao Mobility Corp. to commercializ...

Korean firms rush to sell bonds with yields at over 2-yr low

South Korea’s corporate bond markets are having an unusually busy summer as companies are rushing to sell debts to lock in lower interest cost...

LG Innotek, Ansys forge digital twin technology partnership

South Korea's LG Innotek said on Thursday that it would expand the use of digital twin technology across its operations, partnering with engineering...

NCSOFT teams up with Vietnamese unicorn VGN to tap SE Asian market

South Korea’s gaming behemoth NCSOFT Corp. has set up a joint venture with Vietnamese tech unicorn VNG Corp. to tap into Southeast Asia starti...

Samsung SDS gains AI management system certification

Samsung SDS Co. announced on Thursday that it has become the first company in South Korea's IT service industry to receive the ISO/IEC 42001 certifi...

PE firms seek to buy Korean explosives maker for $218 mn

A private equity consortium seeks to buy a 100% stake in Koryo Nobel Explosives Co., South Korea’s No. 2 industrial explosives manufacturer, f...

PUBG’s Krafton taps ex-Apple, Samsung execs for global business

South Korean gaming giant Krafton Inc. has hired former executives of not only global game developers but also tech leaders such as Apple Inc. and S...

Kakao Games reports sharp drop in Q2 operating profit

Kakao Games Corp., a game publishing unit of South Korean tech giant Kakao Corp., reported a sharp decline in second-quarter earnings on Wednesday d...

Hyundai Motor mulls connected car partnership with Google

Hyundai Motor Group is accelerating its efforts to join hands with global tech companies to advance its future mobility technologies ranging from au...

Korean e-commerce startup funding sharply drops since 2022

South Korean e-commerce companies have seen a sharp decline in series A funding over the past three years amid intensifying competition with Chinese...

South Korean stocks rebound but still on rollercoaster

South Korean stocks on Tuesday recouped some of their hefty losses caused by the previous day's global panic selling after financial authorities iss...

South Korean beauty device makers bulk up through M&As

South Korean beauty device manufacturers are aggressively pursuing mergers and acquisitions both at home and abroad to expand their scale, diversify...

Korean e-commerce platforms struggle to draw new capital

South Korean online marketplace operators are struggling to attract investors amid deteriorating profitability and the financial turmoil facing dome...

MLOps startup Vessl AI eyes 50% sales from US in 2025

Vessl AI, a South Korea-native MLOps platform-operating startup, is envisioning a takeoff in the US next year after building a concrete client base ...

Korean shipbuilders in talks for $3.3 bn Qatar LNG tanker deals

South Korean shipbuilders are in talks with Qatari state companies for an estimated $3.3 billion in deals to manufacture additional liquefied natura...

South Korean stock market crashes; more falls seen ahead

The South Korean stock market was one of the worst victims of panic selling by investors fearing further negative US economic news on Monday, with t...

Macquarie buys its 1st Korean data center for $538 mn

Macquarie Korea Infrastructure Fund (MKIF) has signed an agreement to buy a 40-megawatt (MW) data center from Seoul-based IGIS Asset Management Co. ...

Korean tech stocks suffer falls despite strong Q2 results

Some 60% of the Kospi-listed companies that posted above-forecast results in the second quarter of this year have seen their share prices declining ...