LG Chem to manufacture flooring from waste PET bottles

South Korea's LG Chem Ltd. revealed on Thursday its plan to produce an eco-friendly plasticizer derived from discarded polyethylene terephthalate (P...

Stability prioritized over risk-taking assets: Korean investors

South Korean institutional investors increased private lending as interest rates stay higher for longer, while tapping into the secondary market for...

S.Korean HD Hyundai inks $3.9 bn Qatar LNG tanker deal

DOHA -- HD Hyundai Heavy Industries Co., the world’s second-largest shipyard, has won a $3.9 billion deal to build 17 liquified natural gas ca...

Xexymix launches pop-up store in Shanghai BFC Mall

South Korea's media and e-commerce company Brand X Corp. announced on Wednesday its activewear brand Xexymix has opened a pop-up store at the BFC Ma...

South Korean game developers spin off fashion brands

South Korean gaming companies are eyeing the fashion industry in a bid to diversify their revenue sources by broadening the fan base for their popul...

S.Korean public sector's ICT systems to fully convert to cloud

South Korea’s public sector, barring extenuating circumstances, will build its information and communications (ICT) systems in private clouds ...

Medytox to enter China’s botulinum toxin market with Newlux

South Korean pharmaceutical company Medytox Inc. on Tuesday announced its plan to enter the Chinese market for botulinum toxins (BTX) with its cut...

Nvidia invests in Korean generative AI startup Twelve Labs

Nvidia Corp., a global chip designer, made its first investment in a South Korean generative artificial intelligence startup as Big Tech companies G...

HD Hyundai President Chung to deliver keynote at CES 2024

South Korea's No. 1 shipbuilding group’s heir apparent Chung Ki-sun will deliver a keynote speech at the world’s biggest consumer techno...

Mobile carrier LG Uplus makes inroads into EV charger market

LG Uplus Corp., South Korea’s mobile and broadband service provider, has released the prototype of its first electric vehicle charger to make ...

KG Mobility to develop Level 3 autonomous driving system

South Korea's KG Mobility Corp. announced on Tuesday it partnered with domestic autonomous self-driving software firm Autonomous a2z. The two c...

Tous Les Jours opens first store in Canada

CJ Foodville, the food subsidiary of South Korea's CJ Group, announced on Tuesday its bakery chain brand Tous Les Jours has opened its first store i...

Naver secures $100 mn digital twin project in Saudi Arabia

South Korea's dominant web portal giant Naver Corp. has won a contract to develop a Digital Twin platform for Saudi Arabia's Ministry of Municipal a...

Mirae Asset promotes Indian unit head to vice chairman

Mirae Asset Financial Group, South Korea’s leading financial conglomerate, on Monday promoted Swarup Mohanty, the head of its Indian asset man...

Toray Advanced Materials to spur carbon fiber production in Korea

Toray Advanced Materials Korea Inc. (TAK) broke ground on its new facility for carbon fiber production in Gumi, North Gyeongsang Province on Monday,...

KG Mobility to supply automotive parts to Saudi SNAM

South Korea's KG Mobility Corp., formerly Ssangyong Motor Co., announced on Monday it signed a memorandum of understanding (MOU) for building a part...

Korea’s exports set to snap 12-month losing streak in October

South Korea may snap its 12-month-long losing streak in exports this month after it reported an on-year gain in exports in the first 20 days of Octo...

Paris Baguette to enter Middle Eastern halal market

Paris Baguette, the bakery franchise owned by South Korea's SPC Group, said on Monday it has signed a memorandum of understanding (MOU) with UAE-b...

Hyundai Motor, PIF to invest $500 mn to build car plant in Saudi Arabia

RIYADH – Hyundai Motor Co. has agreed with the Public Investment Fund, Saudi Arabia’s sovereign fund, to set up a joint venture to build...

Alternative investment forum ASK 2023 to begin Oct. 25 in Seoul

Major institutional investors in South Korea and global asset managers will share their views on the world economy and asset allocation strategies a...

Curocell to localize blood cancer drug by 2025

South Korean biotech company Curocell Inc. on Sunday said it will apply for approval from the Ministry of Food and Drug Safety in September next yea...

CJ CheilJedang to export K-Street Foods

South Korean food company CJ CheilJedang Corp. ’s strategic product lineup K-Street Food will be launched in June next year on major global ma...

SK Telecom, Deutsche Telekom to design LLM

SK Telecom Co. on Sunday said it will develop a large language model (LLM) specifically for the communications sector with Deutsche Telekom of Germa...

S.Korean game developer Smilegate, angel of local startups

Smilegate, South Korean developer of the world’s top first-person shooter game Crossfire, is raising investments in domestic startups despite ...

China’s graphite export curbs deal blow to Korean battery sector

South Korean electric vehicle battery and battery component makers are fretting over the Chinese government’s impending restrictions on export...

Korea's HMM creditors convert $739 mn bonds into shares

Shares of HMM Co., South Korea’s No. 1 container line, are likely to fall as its main creditors exchanged perpetual convertible bonds (CBs) an...

Naver-invested Nota AI named global leader in AI optimization

South Korea’s Nota AI, an artificial intelligence (AI) optimization model company with investment from Naver D2 Startup Factory (D2SF), an inv...

Samyang Foods launches TomYum Buldak Ramen in US

South Korea's Samyang Foods Co. announced on Friday it began to release the new export-exclusive product of Hot Chicken Flavor Ramen, or Buldak Rame...

Hyundai partners with University of London for African market strategy

Hyundai Motor Group announced on Friday its plan to establish two research centers in conjunction with the University of London (UoL) to delve int...

Koreans work longer hours than OECD average? Not in some sectors

South Korea has had notoriously long working hours for decades.Long hours – alongside high levels of education and an increase of women in the...