Middle East, land of dreams for South Korean IT firms
South Korea’s information technology and game companies are rushing to the Middle East to seek global growth drivers as the oil-rich countries...
South Korean drone startups rush to join military drone race
South Korean drone-developing startups are rushing to join the race to develop military drones to meet growing demand for drones fit for combat oper...
Carlyle’s Rubenstein sees commercial real estate undervalued
The US commercial real estate market is undervalued relative to other sectors amid elevated interest rates, while Big Tech stocks could take a breat...
Coupang's PB SMEs in S.Korea triple in five years
Coupang Inc., South Korea's leading e-commerce platform, announced on Sunday that the number of small and medium-sized enterprise (SME) manufacturer...
Goldman Sachs names Choi Seoul office chief
Global investment bank Goldman Sachs said on Monday that it has named managing director Choi Jae-joon as the new chief of its Seoul office.Choi lead...
Aekyung AGE20's to launch cushion foundation in Japan
AGE20's, South Korean cosmetic company Aekyung Industrial Co. 's flagship cosmetic brand, announced that it held a new cushion foundation for a Japa...
Korean companies’ 2024 facility investment doubles to $39.4 billion
South Korea’s major companies invest heavily in facilities to seek new growth engines and drive up their corporate value amid tough business c...
Samsung to more than double chip investment in Texas
Samsung Electronics Co. plans to more than double its total semiconductor investment in Texas to about $44 billion to add an advanced semiconductor ...
Korean firms' bond sales hit record in Q1 amid rate cut signal
Corporate bond issuance in South Korea hit a record in the first quarter of this year amid growing expectations of the Federal Reserve’s rate ...
AliExpress, Temu threaten Coupang’s lead in S.Korea
Coupang Inc. is the only South Korea-native e-commerce platform with more monthly active users than China's e-commerce giants AliExpress and Temu in...
Korean big tech firms join Korea’s AI strategy council
The South Korean government has launched an artificial intelligence strategy council, jointly with domestic big tech firms such as Naver Corp. and K...
S.Korea’s current account surplus near 3-year high on chips
South Korea’s current account surplus touched a near three-year high in February as goods exports continued to grow on strong overseas sales o...
Korea’s Shinhan to invest $180 mn in India’s HDFC Credila
South Korea’s Shinhan Bank is set to invest $180 million in HDFC Credila Financial Services Ltd., India’s largest education loan provide...
SK Hynix to build advanced packaging plant in Indiana for $3.9 bn
SK Hynix Inc., the world’s leading high bandwidth memory (HBM) chip producer, will plow in $3.87 billion to build advanced packaging and resea...
LG’s $5.5 billion LFP, ESS battery plants in Arizona to kick off in 2026
LG Energy Solution Ltd., the world’s second-largest battery maker, said on Thursday its 7.2 trillion won ($5.5 billion) battery complex in Ari...
Hyosung TNC to invest $1 bn in new bio-fiber plants in Vietnam
Hyosung TNC Corp., the world’s top spandex maker, plans to invest $1 billion in new bio-textile materials plants in Vietnam to accelerate its ...
Korea reclaims crown from China as world’s top shipbuilder
South Korea reclaimed the crown from the Chinese as the world’s largest shipbuilder after three years last quarter, sweeping global orders for...
Sandy Floor gets seed round from Kakao Ventures
South Korea’s casual multiplayer game developer Sandy Floor Games announced on Wednesday that it got a seed round investment from Kakao Ventur...
Blight of failing e-commerce startups in South Korea
Linkshops, once touted as a future unicorn candidate in South Korea, declared bankruptcy last month even after garnering 15.4 billion won ($11.4 mil...
Samsung, GS win $7.2 bn gas plant project in Saudi
South Korea’s Samsung Engineering (new name: Samsung E&A) and GS Engineering & Construction Corp. (GS E&C) won a $7.2 billion co...
Hollys Coffee goes to Japan as Korean franchises turn gaze abroad
Hollys Coffee, a unit of South Korea’s KG Group, is opening its first overseas outlet in Osaka, Japan, riding on the popularity of Korean cult...
Breezm lands in US with plan to open 100 stores in 5 years
Breezm, a South Korean startup making customized eyeglasses with artificial intelligence and 3D technologies, has opened its first offshore store in...
Korea's Military Mutual Aid Association starts search for new CIO
South Korea’s Military Mutual Aid Association (MMAA), which managed 10.4 trillion won ($7.7 billion) in assets as of the end of 2023, said on ...
KOTRA holds drone roadshow in Kazakhstan
Korea Trade-Investment Promotion Agency (KOTRA) announced on Tuesday that the Korea-Kazakhstan Drone Roadshow opened in Astana, the capital of Kazak...
Hanwha, 1st Korean insurer to earn dividends from overseas unit
Hanwha Life Insurance Co. is set to earn dividends from its Vietnamese subsidiary, reporting a cumulative profit after 15 years, becoming South Kore...
Money pours in for technology to reshape Korean restaurants
Investors are betting big on food service technology startups in South Korea as the adoption of self-service systems in the country’s food and...
Hyundai Globis wins long-term LNGC charter in Qatar
South Korea's Hyundai Glovis Co. announced on Monday that it has won a long-term charter for four liquefied natural gas carriers (LNGC) from QatarEn...
AhnLab to form joint venture with Saudi SITE
AhnLab Inc., South Korea's information security solutions company, announced on Monday that it signed an agreement to establish a joint venture (JV)...
Hyundai Department launches Korean brands' global platform
Hyundai Department Store Co., South Korea’s major retail conglomerate, has launched “The Hyundai Global” platform dedicated to pro...
Samsung returns to top, to up ante against troubled Apple
Samsung Electronics Co. snatched the crown from its archrival Apple Inc. as the top global smartphone seller last month thanks to brisk sales of its...
