S.Korea's auto industry faces shortage of skilled workers for future cars

S.Korea's auto industry faces shortage of skilled workers for future cars

South Korea's automobile industry is rapidly transitioning toward the future such as environmentally friendly and smart cars, but the sector is faci...

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...

WRC-approved longest-distance golf ball ATTOMAX on sale in Korea

WRC-approved longest-distance golf ball ATTOMAX on sale in Korea

ATTOMAX golf balls approved by the World Record Committee (WRC) as the longest-flying golf balls in the world finally hit the South Korean market on...

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...

Budget Galaxy A34 5G to be released in domestic market

Budget Galaxy A34 5G to be released in domestic market

Samsung Electronics Co. announced on Thursday that it will release the budget smartphone Galaxy A34 5G in the domestic market starting tomorrow.The ...

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...

LG Group Chairman names AI, bio, clean tech as new growth engines

LG Group Chairman names AI, bio, clean tech as new growth engines

LG Group Chairman Koo Kwang-mo has pledged to continue investing in future-oriented businesses and human resources despite the global economic slowd...

Korea's Hancom, Naver Cloud agree to cooperate in AI field

Korea's Hancom, Naver Cloud agree to cooperate in AI field

Hancom Inc. and Naver Cloud announced on Wednesday a strategic partnership to integrate Naver Cloud's large-scale artificial intelligence (AI) "Hype...

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...

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...

POSCO Int'l expands into bioplastic recycling business

POSCO Int'l expands into bioplastic recycling business

POSCO International, a subsidiary of South Korea's steel-making-oriented POSCO Group, announced on Wednesday its entry into the biodegradable biopla...

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...

Samsung, SK Hynix asked to swallow tough pill over US CHIPS Act

Samsung, SK Hynix asked to swallow tough pill over US CHIPS Act

 WASHINGTON, D.C. – South Korean chipmakers on Tuesday expressed deep concerns about the detailed guidelines of the US CHIPS and Science ...

US set to emerge as top global buyer of Korean kimchi: Daesang

US set to emerge as top global buyer of Korean kimchi: Daesang

South Korean kimchi exports to the US have soared since the pandemic as local distribution channels expanded and cooking at home increased, accordin...

South Korean beef poised for export to Malaysia by end-April

South Korean beef poised for export to Malaysia by end-April

South Korea's Ministry of Agriculture, Food and Rural Affairs announced on Tuesday the successful conclusion of negotiations with Malaysia, allowing...

Hyundai Rotem signs high-speed rail car deal with Korail

Hyundai Rotem signs high-speed rail car deal with Korail

Hyundai Rotem Co., a company under the Hyundai Motor Co. Group that specializes in manufacturing rolling stock, defense products and plant equipment...

S.Korean fashion company LF diversifies portfolio with new brand Patou

S.Korean fashion company LF diversifies portfolio with new brand Patou

In a move to expand its range of offerings, South Korean fashion company LF Corp. has introduced a new emerging brand, Patou. As the preferences of ...

S.Korea's Elice, FuriosaAI to develop training for AI semiconductor talent

S.Korea's Elice, FuriosaAI to develop training for AI semiconductor talent

South Korea's artificial intelligence (AI) digital education provider Elice on Tuesday said it signed a memorandum of understanding with the AI semi...

Samsung, SK seek dialogue with China at Boao Forum

Samsung, SK seek dialogue with China at Boao Forum

BEIJING – The Boao Forum for Asia (BFA) is expected to serve as a venue for the world’s two largest memory chipmakers -- Samsung Electro...

NHN Commerce chosen as imported goods supplier by China's Douyin

NHN Commerce chosen as imported goods supplier by China's Douyin

NHN Commerce, South Korea's e-commerce platform, announced on Monday that NHN Accommate, its Chinese subsidiary, has been chosen as a supplier of im...

Hyundai E&C, KAI to develop export-type package for defense industry

Hyundai E&C, KAI to develop export-type package for defense industry

South Korea's Hyundai Engineering & Construction (E&C) and Korea Aerospace Industries Ltd. (KAI) will jointly develop an export package for ...

Korean battery firms seek benefits from US EV incentive details

Korean battery firms seek benefits from US EV incentive details

South Korea’s battery industry has high hopes for details on requirements for US tax credits on electric vehicles to be announced this week as...

Luxury watchmaker Hublot buys Korean ceramic supplier Ecco

Luxury watchmaker Hublot buys Korean ceramic supplier Ecco

Hublot, a Swiss watchmaker under global luxury giant LVMH Moët Hennessy Louis Vuitton, has taken over South Korean ceramic manufacturer Ecco Wa...

Hanwha Systems to compete with LIG Nex1 for Korean version of Iron Dome NH, KB Securities, Kookmin Bank, Kim & Chang lead capital markets in H1 From G-Dragon to Ibuki: Dongmyo emerges as global fashion hotspot Hyundai helps Korean economy most with $265 bn contribution South Korea issues €1.4 billion in largest-ever euro bond sale