VANK launches campaign to promote Korea in Vietnamese

The Voluntary Agency Network of Korea (or VANK), an online public diplomatic mission, said on Saturday that it has opened a Vietnamese language site...

Korean shipbuilder KSOE wins $308 million order for 2 ethane carriers

Korea Shipbuilding & Offshore Engineering (KSOE), the holding company of the world’s top shipbuilder Hyundai Heavy Industries Group, said ...

Kukje Gallery, now 40, to open first overseas branch in Paris

Kukje Gallery announced Thursday that it will open its first overseas branch in Paris, France. It has been 40 years since the gallery opened in 1982...

Delay in Apple Pay approval for South Korea sends VAN co. shares tumbling

The news of US mobile device giant Apple launching its Apple Pay service in South Korea this month sent the share prices of companies that assist th...

Nexen Tire and Design Council Busan join hands for futuristic models

Nexen Tire said on Thursday that it has developed three types of future concept tires, including "BTR," "Mearth," and "Nocturne," in collaboration...

LIG Nex1 wins order to develop super-compact sensors for submarines

South Korean company LIG Nex1 will develop technology for ultra-miniature sensors that can be mounted on unmanned submarines.The company announced o...

Korean unlisted stock bubble bursts as interest rates rise

Kurly Inc., Dunamu Inc. and other major South Korean unlisted stocks plunged as the fallout on asset prices from rising interest rates extended into...

Cento Ventures: High ROI of Korean startups still uncommon knowledge 

When it comes to the global startup ecosystem, South Korean cities, including the capital Seoul, often do not come to investors’ minds before ...

Korea adopts USB-C as unified connector for phone charging cable

The Korean government has released guidelines on its designation of USB-C as the unified national standard for charging and data transfer connectors...

Vuno's AI-powered fundus reading solution approved for sale in Taiwan

Vuno Inc., a South Korean artificial intelligence-powered medical solutions provider, said on Tuesday that Vuno Med-Fundus AI has received marketing...

Samsung Elec showcases new high-performance graphics DRAM

Samsung Electronics Co., the world’s top memory chipmaker, unveiled a next-generation graphics DRAM to meet growing demand for high-performanc...

Korean overseas card spending near 3-year high on resurgence in travel

Overseas card spending by residents in South Korea rose to a nearly three-year high in the third quarter as international travel surged with countri...

MBK to buy Medit at lower price than Carlyle-GS bid

MBK Partners, a leading Asian private equity firm, is set to buy Medit Corp. at a lower price than a bid from the US PE giant The Carlyle Group-led ...

SK Telecom to team up with Singapore's Singtel for metaverse venture

SK Telecom Co. on Tuesday said it signed a memorandum of understanding (MOU) with Singapore's top telecom provider Singtel Group on joint business o...

UK grants de facto approval of Korean Air's Asiana takeover

The UK's top watchdog for market competition on Monday accepted corrective measures submitted by Korean Air Lines Co. on its proposed takeover of As...

S.Korean President Yoon to lead national space policy

South Korean President Yoon Suk-yeol is set to lead the National Space Council, the country’s top control tower for space development, in a bi...

Hyundai, SK to build $1.9 bn EV battery plant in US

Hyundai Motor Group, South Korea’s top automaker, and SK On Co., the world’s fifth-largest electric vehicle battery manufacturer, will b...

Vietnam to get its first Korean-style industrial complex

A groundbreaking ceremony was held Friday for Vietnam's first Korean-style industrial complex, to be built in the country's northern Hung Yen Provin...

Carlyle promotes two Koreans to partner, MD

The Carlyle Group Inc. announced on Tuesday 32 new partners and 39 new managing directors, effective Jan. 1 of 2023, including two Koreans, Sean (So...

Korean ministry, Incheon airport to develop distribution center for SMEs

The Korea SMEs and Startup Agency (KOSME) and Incheon International Airport Corp. (IIAC) on Wednesday announced their signing of a contract to bui...

Korean universities lag international peers in nurturing entrepreneurs

The prestigious Seoul National University was the only university in South Korea to rank among the top 100 universities in terms of producing futu...

Korean refiners eye strong 2022 earnings as margins improve

Asia’s benchmark refining margin is staging a rebound, providing relief for South Korea’s oil companies, which now expect their full-yea...

Korea's KDB to sell off its life insurer for fifth time

South Korea’s state-run Korea Development Bank (KDB) is poised to accelerate the selling off of its affiliate KDB Life Insurance Co. next week...

KDB reaches out to Hyundai, POSCO, CJ, LX on HMM stake sale

State-run Korea Development Bank (KDB) has contacted major conglomerates including Hyundai Motor Group about the sale of its stake in HMM Co., the c...

CJ CheilJedang serves up K-food for Qatar World Cup fans

South Korean food giant CJ CheilJedang Corp. said on Tuesday it is operating a Korean food section within the Qatar World Cup’s fan zone, mana...

Doosan Fuel Cell expands exports with China deal

South Korea's Doosan Fuel Cell on Monday said it has signed an export contract worth 346.9 billion won($255 million) to supply large-scale versions ...

One of 4 Korean startups considers moving business abroad

One out of four startups in South Korea is considering moving its business abroad in search of looser regulation. In a survey of 256 startups b...

Vertu, Motorola, Xiaomi eye Korean smartphone market as LG exits

South Korea’s smartphone market is notoriously hard for foreign mobile phone makers to crack. So hard that some people call it the “grav...

Daol Investment seeks to sell Thai subsidiary, eyes $75 mn in proceeds

South Korea’s Daol Investment & Securities Co. plans to sell a controlling stake in its Thai subsidiary, Daol Thailand PCL, as part of its...

KOGAS to sell $745 mn in hybrid securities despite jittery

The state-run Korea Gas Corp. is set to raise some 1 trillion won ($745 million) by issuing hybrid securities to lower its debt ratio although the d...