S.Korea to support nuclear power SMEs

S.Korea to support nuclear power SMEs

South Korea's the ministry of SMEs and Startups will invest 675 billion won ($513 million) by 2027 to revive small- and middle-sized nuclear power c...

Foreigners can enter S.Korean casino without physical passport

Foreigners can enter S.Korean casino without physical passport

Visitors to South Korea will be able to enjoy tax-free shopping and casino experiences with ease, thanks to the mobile passport identity verificatio...

S.Korea to invest $24 mn in fostering future car industry workforce

S.Korea to invest $24 mn in fostering future car industry workforce

South Korea will invest 31.5 billion won ($23.96 million) this year to train over 3,700 core personnel in future car technologies, including autonom...

ETRI’s drone communication tech is selected as international standards

ETRI’s drone communication tech is selected as international standards

South Korean researchers have developed international standards for drone communication, solving the problem of drones being unable to exchange info...

Hyundai’s Chung urges US operations to double down after record Q1

Hyundai’s Chung urges US operations to double down after record Q1

Hyundai Motor Group Chairman Chung Euisun on Tuesday urged its US operations to work harder after its two automaking units, Hyundai Motor Co. and Ki...

Samsung Elec to invest $3.1 bn in S.Korean OLED plant

Samsung Elec to invest $3.1 bn in S.Korean OLED plant

Samsung Electronics Co., the world’s largest smartphone maker, is set to spend 4.1 trillion won ($3.1 billion) on a new organic light-emitting...

TIMWORK lifts trophy at March D.Camp startup pitch competition

TIMWORK lifts trophy at March D.Camp startup pitch competition

TIMWORK Inc., a South Korean digital construction plan management software developer, won first prize at D.Camp’s March startup pitch competit...

SK Hynix to raise $1.5 bn in exchangeable bonds

SK Hynix to raise $1.5 bn in exchangeable bonds

SK Hynix Inc., the world’s second-largest memory chipmaker, said on Monday it would raise $1.5 billion through exchangeable bonds (EBs) in a p...

Hyundai Motor to emerge as Korea’s highest earner, beating Samsung

Hyundai Motor to emerge as Korea’s highest earner, beating Samsung

Hyundai Motor Co. will likely emerge as South Korea’s top profit maker in the first quarter, driven by robust sales of pricey cars, pushing pa...

Lotte Biologics, Excellgene to collaborate on CDO biz

Lotte Biologics, Excellgene to collaborate on CDO biz

Lotte Biologics, South Korea's biopharmaceutical contract development and manufacturing organization (CDMO) company, announced on Sunday that it has...

Korean kitchen automation startups' US advance gains traction

Korean kitchen automation startups' US advance gains traction

South Korean kitchen automation system developers are eyeing the US as their next key market as demand for automated restaurant operating systems in...

S.Korea invests $763.4 mn in strategic tech IP like aerospace, robotics

S.Korea invests $763.4 mn in strategic tech IP like aerospace, robotics

The South Korean government will inject this year budget of 1 trillion won ($763.4 million) in intellectual property (IP)-related projects.The Presi...

S.Korean activist fund KCGI eyes foundry DB HiTek buyout

S.Korean activist fund KCGI eyes foundry DB HiTek buyout

Korea Corporate Governance Improvement Fund (KCGI) is eyeing a controlling stake in DB HiTek Co. as the activist fund became the second-largest shar...

Top Korean food delivery app posts record profits

Top Korean food delivery app posts record profits

Woowa Brothers Corp., the operator of South Korea’s top food delivery app, posted a record profit in 2022, which also marked its first profit ...

Hyundai Mipo wins $184 mn order four mid-sized PC carriers

Hyundai Mipo wins $184 mn order four mid-sized PC carriers

Hyundai Mipo Dockyard Co., a subsidiary of HD Hyundai Group's shipbuilding division, has secured a construction contract for four medium-sized PC (p...

S.Korean firms' digital transformation more than a step behind Western: Report

S.Korean firms' digital transformation more than a step behind Western: Report

A research report has shown that the level of digital transformation among South Korean companies is lagging behind that of European and American co...

KB Financial launches $193 million fund to invest in global startups

KB Financial launches $193 million fund to invest in global startups

South Korea’s second-largest financial institution KB Financial Group will launch a 250 billion won ($193 million) fund to invest in startups ...

JB Financial wins proxy fight against activist fund Align Partners

JB Financial wins proxy fight against activist fund Align Partners

South Korea’s JB Financial Group Co. won a proxy battle against local activist fund Align Partners Capital Management on dividends and nominat...

Korean Dongkuk opens 2nd Mexican color-coated steel plant

Korean Dongkuk opens 2nd Mexican color-coated steel plant

Dongkuk Steel Mill Co. opened its second color-coated steel plant in Mexico as South Korea’s third-largest steelmaker aims to expand its prese...

Lotte Shopping: Resurrected in Indonesia after death in China

Lotte Shopping: Resurrected in Indonesia after death in China

JAKARTA – On a hot spring day in March, Lotte Mart’s Gandaria City Mall hypermarket was as bustling with shopping Indonesians as usual.I...

Hyosung TNC to team up with Samsung for eco-friendly protective clothing

Hyosung TNC to team up with Samsung for eco-friendly protective clothing

Hyosung TNC Corp., a South Korean textile and yarn manufacturer, is teaming up with Samsung Electronics Co. to produce eco-friendly protective cloth...

Alarm bells ring for S.Korean IT firms' ChatGPT craze

Alarm bells ring for S.Korean IT firms' ChatGPT craze

The global popularity of ChatGPT is driving South Korean startups to launch a string of new services linked to the artificial intelligence-powered l...

Dongkuk Steel installs solar power generation facility at Pohang plant

Dongkuk Steel installs solar power generation facility at Pohang plant

Dongkuk Steel Mill Co., the world's leading manufacturer of color-coated steel, announced on Wednesday that it has installed a 10-megawatt solar pow...

CJ undertakes educational programs for ethnic minorities in Vietnam

CJ undertakes educational programs for ethnic minorities in Vietnam

South Korea's CJ Group announced on Wednesday that it will undertake a "Second Girls Education Project" for the Vietnamese ethnic minority.The proje...

S.Korean carbon trading company EcoEye seeks listing

S.Korean carbon trading company EcoEye seeks listing

South Korean carbon credit trading company EcoEye Co. is preparing for an initial public offering, poised to be the first listing of a firm in the s...

NPS to launch committee for portfolio firms' governance improvement

NPS to launch committee for portfolio firms' governance improvement

South Korea’s National Pension Service (NPS), one of the world’s largest pension funds, is slated to establish a committee to improve th...

LX Hausys partners with Belgian firm for premium window market

LX Hausys partners with Belgian firm for premium window market

South Korean company LX Hausys, specializing in building materials and interior products, has signed a strategic partnership agreement for aluminium...

Clearstream acquires QFI status from S.Korea's National Tax Service

Clearstream acquires QFI status from S.Korea's National Tax Service

Korea Securities Depository announced on Wednesday that Clearstream, the operator of the International Central Securities Depository (ICSD), had obt...

Kakao will launch Korean-specific vertical AI in year's first half

Kakao will launch Korean-specific vertical AI in year's first half

Kakao Corp., South Korea’s platform giant operating the country’s No. 1 chat app KakaoTalk, by the first half of the year will launch an...

Korean bakery chains attract US customers with bread variety, cosy ambiance

Korean bakery chains attract US customers with bread variety, cosy ambiance

South Korean bakery franchises are enjoying growing popularity in the US, appealing to local customers with a variety of bread products and bakery c...

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