Big Bang deregulation poised to bolster S.Korean ST market

Big Bang deregulation poised to bolster S.Korean ST market

South Korea’s fractional investment market is gearing up for a grand opening after the government earlier this year unveiled security token of...

CJ Logistics teams up with world’s No. 7 shipping company ONE

CJ Logistics teams up with world’s No. 7 shipping company ONE

South Korea's largest parcel delivery service CJ Logistics on Thursday said it signed a strategic partnership deal with Japan’s Ocean Network ...

Hanwha Aerospace ventures into eco-friendly ship market

Hanwha Aerospace ventures into eco-friendly ship market

South Korea's Hanwha Aerospace Co. announced on Thursday that it has completed the development of a megawatt-hour (MWh) energy storage system (ESS)....

S.Korean companies rushing to launch exotic AI-based services

S.Korean companies rushing to launch exotic AI-based services

Lowered barriers in South Korea to the introduction of artificial intelligence (AI) have fueled the growing popularity of unique AI services. The em...

Korean Air’s operating profit falls to $360 mn in Q2 2023

Korean Air’s operating profit falls to $360 mn in Q2 2023

Korean Air Lines Co.’s operating profit in the second quarter fell over 30% from the same period last year in line with market consensus.Consi...

Morgan Stanley subsidiary takes 5% stake in JYP Entertainment stock

Morgan Stanley subsidiary takes 5% stake in JYP Entertainment stock

A Morgan Stanley-affiliated asset manager has bought more JYP Entertainment shares, raising its stake to more than 5 percent.Asset management firm M...

Global EV, battery sectors in war for talent acquisition

Global EV, battery sectors in war for talent acquisition

Global electric vehicle and battery makers are fiercely competing to secure talent with high salaries and various incentives as their workforces a...

S.Korean academics to verify truth of room-temperature superconductor

S.Korean academics to verify truth of room-temperature superconductor

The Korean Society of Superconductivity and Cryogenics has recently established a verification committee composed of experts in response to the ongo...

Baskin-Robbins stands out in melting Korean ice cream market

Baskin-Robbins stands out in melting Korean ice cream market

Global ice cream chain Baskin-Robbins, the top ice cream seller in South Korea, is solidifying its market position with localization despite the cou...

APR’s fashion brand Nerdy opens two more stores in Vietnam

APR’s fashion brand Nerdy opens two more stores in Vietnam

South Korea's cosmetic and clothing company APR announced on Wednesday that its street style fashion brand Nerdy opened its third and fourth stores ...

Com2us launches RPG game ‘Heir of Light: Eclipse’ in Canada, Indonesia

Com2us launches RPG game ‘Heir of Light: Eclipse’ in Canada, Indonesia

Com2us Holdings Corp. announced on Wednesday that its new role-playing game (RPG), Heir to  Light: Eclipse, is now available on Google Play in ...

Hanmi Semiconductor opens new bonder factory

Hanmi Semiconductor opens new bonder factory

South Korean chip equipment company Hanmi Semiconductor Co. said on Wednesday it has opened a new factory to boost the production of dual TC bonders...

LabGenomics plans to buy 4 to 5 more CLIA labs in US by 2027

LabGenomics plans to buy 4 to 5 more CLIA labs in US by 2027

LabGenomics Co. will advance into the US diagnostics market with laboratories regulated by the country’s Clinical Laboratory Improvement Amend...

Westinghouse, KHNP seek licensing dispute arbitration

Westinghouse, KHNP seek licensing dispute arbitration

Korea Hydro & Nuclear Power Co. (KHNP) and Westinghouse Electric Corp. have taken their almost one-year dispute over South Korea’s nuclear...

S.Korean carmakers post brisk sales on strong exports in July

S.Korean carmakers post brisk sales on strong exports in July

South Korea's car sector posted strong sales last month as favorable exports offset the sluggish domestic market.Industry sources on Tuesday said th...

Daewoong launches GERD treatment Fexuclu in Philippines

Daewoong launches GERD treatment Fexuclu in Philippines

South Korea's Daewoong Pharmaceutical announced on Tuesday that it has launched the GERD treatment drug "Fexuclue" (active ingredient: Fexuprazan) i...

S.Korean LLM by Upstage beats global benchmark ChatGPT

S.Korean LLM by Upstage beats global benchmark ChatGPT

The latest artificial intelligence model of South Korean AI startup Upstage scored higher than ChatGPT by global AI giant OpenAI in a world-recogniz...

Soju: Well-known Korean alcoholic beverage

Soju: Well-known Korean alcoholic beverage

The Korean alcoholic beverage that foreigners are most familiar with is Soju, according to the Korean Food Promotion Institution. The institution re...

Super-large screens account for one third of Samsung’s TV sales

Super-large screens account for one third of Samsung’s TV sales

Samsung Electronics Co. announced that one out of every three of its Neo QLED and QLED TVs sold in South Korea between January and July this year fe...

Naver Pay to enter Chinese payment market in 2023

Naver Pay to enter Chinese payment market in 2023

South Korea's Naver Financial announced plans on Tuesday to bring its simple payment service, Naver Pay, to the Chinese market by the end of this ye...

SK Shieldus appoints former Samsung SDS president as new CEO

SK Shieldus appoints former Samsung SDS president as new CEO

South Korean security company SK Shieldus announced on Tuesday that it has appointed Hong Won-pyo, former president of Samsung SDS, as its new CEO a...

Daesang's spicy rice cake project launches two products

Daesang's spicy rice cake project launches two products

With tteokbokki (spicy rice cake) drawing attention at home and abroad amid a South Korean food craze worldwide, domestic food company Daesang Corp....

IMM PE seeks to sell Korean contract drugmaker at $784 mn

IMM PE seeks to sell Korean contract drugmaker at $784 mn

IMM Private Equity has put a South Korean contract drugmaker on the market for up to 1 trillion won ($784 million) in a deal likely to attract major...

Fractional investing to gain traction in Korea with green light from FSC

Fractional investing to gain traction in Korea with green light from FSC

Come September, South Korean investors will be able to freely and safely buy and sell fractions of artwork and even live cows just as they do with t...

Seoul mulls ‘treble damages’ for illegal K-content websites

Seoul mulls ‘treble damages’ for illegal K-content websites

The South Korean government and the ruling People Power Party are considering tripling punitive damages to illegal distributors of Korean entertainm...

Gencurix joins US gov't Cancer Moonshot project

Gencurix joins US gov't Cancer Moonshot project

South Korean cancer molecular diagnostics company Gencurix Inc. announced on Monday that it joins US President Joe Biden's cancer-conquering project...

Hanmi Pharm to develop obesity drug customized for S.Korean

Hanmi Pharm to develop obesity drug customized for S.Korean

South Korea's Hanmi Pharmaceutical Co. plans to develop the GLP-1 class "Epeglenatide," which it received as a technology return from Sanofi S.A., i...

KG Mobility to launch electric SUV Torres EVX in September

KG Mobility to launch electric SUV Torres EVX in September

South Korea's KG Mobility Corp., formerly Ssangyong Motor, announced on Monday that it has confirmed the release of the electrified version of its s...

Doosan secures $392 mn in cumulative PFC orders

Doosan secures $392 mn in cumulative PFC orders

South Korea's Doosan Corp. announced on Monday that it has accumulated 500 billion won ($392 million) in orders for its patterned flat cable (PFC), ...

Hyundai, Kia firm up ranking as world's 3rd; first-half profits improve

Hyundai, Kia firm up ranking as world's 3rd; first-half profits improve

South Korea’s top automaker Hyundai Motor Group solidified its position as the world’s third-largest carmaker with improved profit margi...

Deal graveyard: S.Korean F&B franchises left without takers LG Energy, GM’s JV Ultium Cells to retrofit Tennessee plant to produce LFP batteries KPop Demon Hunters OST lands at No.6 on Billboard Hot 100 K-beauty craze sends Olive Young online sales to new heights Hyundai Motor’s high-stakes gambit in US: Cut vehicle prices as rivals hike