Middle East, land of dreams for South Korean IT firms

South Korea’s information technology and game companies are rushing to the Middle East to seek global growth drivers as the oil-rich countries...

South Korean drone startups rush to join military drone race

South Korean drone-developing startups are rushing to join the race to develop military drones to meet growing demand for drones fit for combat oper...

Samsung Electronics stock likely to climb in Q2, analysts say

South Korean analysts have recommended investors buy Samsung Electronics Co. stocks as the world’s top memory chipmaker, which reported higher...

Korea’s LG telecom unit unveils AI agent with own technology

LG Uplus Corp., South Korea’s No. 3 mobile carrier, has introduced an artificial intelligence agent platform based on its own ixi AI technolog...

Coupang's PB SMEs in S.Korea triple in five years

Coupang Inc., South Korea's leading e-commerce platform, announced on Sunday that the number of small and medium-sized enterprise (SME) manufacturer...

Goldman Sachs names Choi Seoul office chief

Global investment bank Goldman Sachs said on Monday that it has named managing director Choi Jae-joon as the new chief of its Seoul office.Choi lead...

Korea’s Hansae MK targets global children’s fashion market

South Korean clothing retailer Hansae MK Co. selling National Basketball Association (NBA) apparel in the country aims to expand its presence with i...

Golf equipment maker Taylormade to refinance $222 mn of debt

One of the South Korean owners of Taylormade Golf Co., a leading global golf equipment maker, is set to refinance its 300 billion won ($221.7 millio...

Aekyung AGE20's to launch cushion foundation in Japan

AGE20's, South Korean cosmetic company Aekyung Industrial Co. 's flagship cosmetic brand, announced that it held a new cushion foundation for a Japa...

Korean companies’ 2024 facility investment doubles to $39.4 billion

South Korea’s major companies invest heavily in facilities to seek new growth engines and drive up their corporate value amid tough business c...

Kia to boost hybrid lineup to lead eco-friendly car market

Kia Corp., South Korea’s second-largest automaker, plans to strengthen its hybrid lineup and launch cheaper electric vehicles to lead the glob...

Korean firms' bond sales hit record in Q1 amid rate cut signal

Corporate bond issuance in South Korea hit a record in the first quarter of this year amid growing expectations of the Federal Reserve’s rate ...

AliExpress, Temu threaten Coupang’s lead in S.Korea

Coupang Inc. is the only South Korea-native e-commerce platform with more monthly active users than China's e-commerce giants AliExpress and Temu in...

Korean big tech firms join Korea’s AI strategy council

The South Korean government has launched an artificial intelligence strategy council, jointly with domestic big tech firms such as Naver Corp. and K...

Samsung ups smaller OLED workforce to fend off Chinese rivals

Samsung Display Co., South Korea’s top screen maker, increased its workforce for smaller organic light-emitting diode (OLED) panels used for p...

SK Hynix to build advanced packaging plant in Indiana for $3.9 bn

SK Hynix Inc., the world’s leading high bandwidth memory (HBM) chip producer, will plow in $3.87 billion to build advanced packaging and resea...

Wavve to enter European, Oceanian OTT markets

South Korea's over-the-top (OTT) platform company Wavve announced on Wednesday that it plans to enter European and Oceanian OTT markets through it...

HD Hyundai Marine Solution aims for top spot in global ship repair market

When the global shipbuilding industry was reeling from the economic slowdown in recent years, South Korea’s HD Hyundai Marine Solution Co., a ...

Korea reclaims crown from China as world’s top shipbuilder

South Korea reclaimed the crown from the Chinese as the world’s largest shipbuilder after three years last quarter, sweeping global orders for...

NPS sells shares in KT, making Hyundai the top shareholder

Hyundai Motor Group has become the top shareholder of South Korea’s leading mobile carrier KT Corp., after the country’s National Pensio...

Sandy Floor gets seed round from Kakao Ventures

South Korea’s casual multiplayer game developer Sandy Floor Games announced on Wednesday that it got a seed round investment from Kakao Ventur...

Blight of failing e-commerce startups in South Korea

Linkshops, once touted as a future unicorn candidate in South Korea, declared bankruptcy last month even after garnering 15.4 billion won ($11.4 mil...

Samsung, GS win $7.2 bn gas plant project in Saudi

South Korea’s Samsung Engineering (new name: Samsung E&A) and GS Engineering & Construction Corp. (GS E&C) won a $7.2 billion co...

Samsung to unveil 3D DRAM in 2025 to lead AI chip market

Samsung Electronics Co., the world’s top memory chipmaker, aims to introduce three-dimensional (3D) DRAM, a game-changer in the artificial int...

Hollys Coffee goes to Japan as Korean franchises turn gaze abroad

Hollys Coffee, a unit of South Korea’s KG Group, is opening its first overseas outlet in Osaka, Japan, riding on the popularity of Korean cult...

Fed rate cuts will be faster than market consensus: TCW

Investors tend to rush to fixed-income markets when recession risk rises. South Korean investors are no exception – retail investors have been...

Breezm lands in US with plan to open 100 stores in 5 years

Breezm, a South Korean startup making customized eyeglasses with artificial intelligence and 3D technologies, has opened its first offshore store in...

KOTRA holds drone roadshow in Kazakhstan

Korea Trade-Investment Promotion Agency (KOTRA) announced on Tuesday that the Korea-Kazakhstan Drone Roadshow opened in Astana, the capital of Kazak...

LG Energy, GM’s 2nd Ultium Cells plant begins production in Tennessee

LG Energy Solution Ltd., the world’s second-largest battery maker, said on Tuesday that the second plant of Ultium Cells LLC, a joint venture ...

Hanwha, 1st Korean insurer to earn dividends from overseas unit

Hanwha Life Insurance Co. is set to earn dividends from its Vietnamese subsidiary, reporting a cumulative profit after 15 years, becoming South Kore...