Korean Chips Act revision hits roadblock as opposition lawmakers balk

The proposed revision to South Korea’s answer to the US CHIPS and Science Act has hit a roadblock as the main opposition party, which controls...

Cizion, Parameta form strategic partnership for data protocol

Cizion, a South Korean data-specialized startup, announced on Tuesday that it has entered into a strategic partnership with Parameta, a domestic IT ...

EOFlow's insulin injection pump starts to be sold in UAE

South Korea's medical device maker EOFlow Co. started selling the wearable insulin pump EOPatch in the United Arab Emirates.The company said on Tues...

S.Korean shipbuilders rule world’s eco-friendly vessel market

South Korea’s shipbuilders have won more than half of the orders to build eco-friendly vessels so this year based on advanced technology to do...

POSCO ties up with Aussie firm on US EV cell mineral project

South Korea’s POSCO Group has joined hands with an Australian company to work on an electric vehicle battery material project in the US as it ...

Bespin Global, STEG partner to develop cloud management platform

South Korea's two IT firms, Bespin Global and STEG, have teamed up to jointly develop a cloud operation management platform. Bespin Global said on T...

LG Energy Solution tops global EV battery market excluding China

South Korea's LG Energy Solution Ltd. for the second straight year was No. 1 on the global market for electric vehicle (EV) batteries excluding Chin...

Hanjin converts Indonesian representative office to corporation

Hanjin Transportation said Tuesday that it had converted its representative office in Jakarta, Indonesia, into a corporation last month to strengthe...

For the Korean 'Crazyones' who dream to beat Steve Jobs, Elon Musk

Many young entrepreneurs around the world dream to become the next Steve Jobs or Elon Musk -- industry legends who dramatically changed our daily li...

Hyundai Capital wins IAAI Award for pioneering AI application

Hyundai Capital, the financial services arm of the Hyundai Motor Group, was honored with the Innovative Applications of Artificial Intelligence Awar...

S.Korean grocery delivery platform Oasis drops IPO on weak demand

Oasis Corp., a South Korean grocery delivery platform, decided to withdraw its local initial public offering plan on Feb. 13 amid tepid interest fro...

Samsung, SK Hynix: key beneficiaries of ChatGPT fever

Samsung Electronics Co. and SK Hynix Inc., the world’s two largest memory chipmakers, stand to benefit from the global popularity of ChatGPT. ...

Korean builders to ramp up overseas business in 2023

Major South Korean construction firms are set to expand their overseas business while reducing domestic projects this year to boost profitability. T...

Zigbang signs agreement with Saudi's National Housing Company

On Monday, South Korean proptech company Zigbang announced a partnership with Saudi Arabia's National Housing Company with the goal of digitalizing ...

S.Korean IT firms rush for tie-ups to compete with ChatGPT

South Korean tech companies are rushing to form partnerships in different sectors to develop superior AI services to compete with ChatGPT, a chatbot...

S.Korean AI chip developer Rebellions releases Atom SoC

South Korean AI chip developer Rebellions Inc. announced on Monday the release of its AI chip Atom, a system-on-chip (SoC) designed for data centers...

Responsible mineral sourcing key to Korean battery materials makers

South Korea’s battery materials makers are stepping up their efforts to conform to environmental, social and governance (ESG) standards throug...

Olive Young exports K-beauty products to Middle East

Olive Young, a health and beauty platform, has begun targeting the Middle Eastern cosmetics market.South Korea's CJ Olive Young, which operates Oliv...

LG provides electronics service training to Cambodian youths

LG Electronics Inc. said on Sunday that it is offering technology training to help talented Cambodian youths become more self-reliant.For four days ...

S.Korean listed companies' cancelled shares reach $8.6 bn over past 3 years

South Korea's listed companies have cancelled 11 trillion won ($8.6 billion) worth of shares over the past three years.The Korea Exchange said on Su...

S.Korean LPG importers' profits surge on replacement demand

South Korea’s liquefied petroleum gas (LPG) importers such as E1 Corp. and SK Gas Ltd. saw their operating profit skyrocket in 2022, as a surg...

Korean court rules Daewoong poached Medytox’s botox strain

A South Korean court on Friday ruled in favor of Medytox Inc. in a civil lawsuit against its crosstown rival Daewoong Pharmaceutical Co. over the so...

Kakao to unveil Korean language-specific, vertical AI

Kakao Corp., South Korea’s No. 1 mobile messenger platform, will launch Korean language-specific, vertically-integrated AI service this year s...

Hankook Tire to supply exclusive tires for Formula E in India

Hankook Tire & Technology said on Friday that it will serve as the exclusive supplier and official partner of Formula E's 2023 Greenco Hyderabad...

Korean listed firms’ Q4 results miss forecast by big margin

Weak demand from a global economic slump took a big toll on South Korean companies in the fourth quarter of last year, making many of them miss earn...

Daewoong Pharma wins permission from Singapore for Nabota

South Korea's drug development company Daewoong Pharmaceutical said on Thursday that it received on Jan. 20 product approval for its botulinum toxin...

Oasis IPO draws tepid interest from institutional investors

South Korean grocery delivery platform Oasis Corp. saw lukewarm interest from domestic institutional investors during the Feb. 7-8 bookbuilding for ...

LIG Nex1 to work with Romanian state-run defense supplier

South Korea's defense contractor LIG Nex1 Co. will join hands with ROMARM, a Romanian state-run defense company, to develop anti-aircraft missiles a...

S.Korean firms showcase hydrogen offerings in United States

South Korean energy ministry and major Korean companies including Hyundai Motor Co., SK E&S, and Korea Zinc Co. participated in the Hydrogen &am...

Hyundai Eng. promotes MMR nuclear power plant project in Poland

Hyundai Engineering is promoting a micro module nuclear power plant project in Poland, on the heels of completing a similar project in Canada.The co...