Poultry processor Harim to buy Korean top sea carrier HMM for $5 bn

Poultry processor Harim to buy Korean top sea carrier HMM for $5 bn

South Korea’s leading poultry processor Harim Group is set to acquire the country’s No. 1 sea flag carrier HMM Co. for about 6.4 trillio...

SUVs: Name of the game in 2023 South Korean auto market

SUVs: Name of the game in 2023 South Korean auto market

Back in the 1970s, when simply having a car was a status symbol in South Korea, a four-door passenger sedan was the car of choice. And Hyundai Motor...

ToolGen gets FDA approval for TGT-001 as ODD

ToolGen gets FDA approval for TGT-001 as ODD

South Korean genome editing developer ToolGen Inc. announced on Monday that its application for orphan drug designation (ODD) of the gene correction...

NCSOFT, Obigo to jointly develop car AI services

NCSOFT, Obigo to jointly develop car AI services

South Korea's major game developer and publisher NCSOFT Corp. announced on Monday that it signed a memorandum of understanding (MOU) with the domest...

Naver, NHIS to boost data services with HyperCLOVA X

Naver, NHIS to boost data services with HyperCLOVA X

South Korea's leading online portal Naver Corp. and the state-run National Health Insurance Service (NHIS) will collaborate to leverage advanced art...

GC Biopharma gets FDA approval for Alyglo

GC Biopharma gets FDA approval for Alyglo

South Korea’s GC Biopharma Corp. announced on Monday that it received approval from the US Food and Drug Administration (FDA) for the immuno...

New Samsung, LG laptops drive industry shift toward on-device AI

New Samsung, LG laptops drive industry shift toward on-device AI

Samsung Electronics Co. and LG Electronics Inc. are unveiling new artificial intelligence-powered laptops next month, joining an industry move to in...

Kolon Industries to downsize industrial film business amid weak demand

Kolon Industries to downsize industrial film business amid weak demand

Kolon Industries Inc., a South Korean chemical and textile manufacturer, is downsizing its industrial film business amid weak demand and growing com...

Korean overseas direct investment at 2 1/2-year low in Q3

Korean overseas direct investment at 2 1/2-year low in Q3

South Korea’s direct investment in other countries fell for a fourth straight quarter to its smallest level in two and a half years, despite a...

Korea's agro-food exports reach $8.3 bn milestone in just 11months

Korea's agro-food exports reach $8.3 bn milestone in just 11months

South Korea's agricultural and food exports hit a record high in 2023, fueled by strong demand for instant noodles, strawberries, and other staples....

S.Korea to spend $2.3 bn to quadruple robot market by 2030

S.Korea to spend $2.3 bn to quadruple robot market by 2030

South Korea’s public and private sectors will together invest more than 3 trillion won ($2.3 billion) by 2030 to nearly quadruple the domestic...

Fried chicken chain bhc to enter Thailand in 2024

Fried chicken chain bhc to enter Thailand in 2024

South Korea’s No. 2 fried chicken brand bhc Group announced on Thursday that it signed a master franchise agreement with Thailand’s Me...

Korea's NPS taps Jun Ahn as real estate investment head

Korea's NPS taps Jun Ahn as real estate investment head

National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, appointed Jun Ahn (Ahn Jun-sang) as its real estate inv...

Doosan Robotics to expand cobot business in Europe

Doosan Robotics to expand cobot business in Europe

Doosan Robotics Inc., the robot-developing unit of South Korea’s Doosan Group, will supply collaborative robots to Amsterdam Airport Schiphol ...

Hankook prepared to defend MBK Partners’ takeover bid: Chairman Cho

Hankook prepared to defend MBK Partners’ takeover bid: Chairman Cho

Cho Hyun-bum, chairman of Hankook & Company Co., the holding firm of South Korea’s top tire maker Hankook Tire & Technology Co., said ...

SK Telecom launches AI-based phone interpreting service

SK Telecom launches AI-based phone interpreting service

South Korea’s top mobile carrier SK Telecom Co. has launched an artificial intelligence-based telephone interpreting service in real-time for ...

NCSOFT included in DJSI Asia Pacific Index

NCSOFT included in DJSI Asia Pacific Index

South Korea’s major game developer and publisher NCSOFT Corp. announced on Thursday that it was listed on the Dow Jones Sustainability Asia/...

Kia to unveil new PBV lineup at CES 2024

Kia to unveil new PBV lineup at CES 2024

Kia Corp. announced on Thursday that it plans to participate in the world’s biggest consumer technology trade show CES. The company will ret...

Kakao taps venture capital unit head as new CEO to lead reform

Kakao taps venture capital unit head as new CEO to lead reform

Kakao Corp., South Korea’s top mobile platform under fire for its extremely aggressive business expansion, tapped its venture capital unit hea...

Hyundai-invested SES to provide Li-Metal battery B samples, eyes UAM

Hyundai-invested SES to provide Li-Metal battery B samples, eyes UAM

SES AI Corp., a high-performance battery maker backed by several global automakers such as GM and Hyundai Motor Co., has moved one step closer to co...

AI, cloud to rule video surveillance market in 2024: Hanwha Vision

AI, cloud to rule video surveillance market in 2024: Hanwha Vision

Hanwha Vision Co., formerly Hanwha Techwin, expects the global video surveillance market to undergo a major upgrade with the development of artifici...

Korea’s top dollar store chain Daiso buys out Japanese shareholder

Korea’s top dollar store chain Daiso buys out Japanese shareholder

South Korea’s AsungHMP Co. has bought a 34.2% stake in Asungdaiso Corp., which operates the country’s top dollar store chain Daiso, from...

IT device recovery to power Korean parts makers in 2024

IT device recovery to power Korean parts makers in 2024

Global sales of consumer information technology electronics such as smartphones, PCs and TVs are expected to rebound in 2024, fueling hopes of an ea...

DL E&C, KBR to co-work for SAF project

DL E&C, KBR to co-work for SAF project

South Korea’s DL E&C Co. announced on Wednesday that it signed a feasibility study contract with Kellogg Brown & Root (KBR) Inc., the ...

Korean shipbuilders shrug off concerns over lower new ship prices

Korean shipbuilders shrug off concerns over lower new ship prices

South Korean shipbuilders shrugged off concerns of an industry peak-out boosted by the first fall of new vessel prices in 45 weeks and lower used sh...

HK inno.N reveals differentiated clinical results for K-CAB

HK inno.N reveals differentiated clinical results for K-CAB

South Korean bio-health company HK inno.N has been expanding its market by steadily announcing differentiated clinical results for its gastroesophag...

HYBE ranks fifth in global tour revenue in 2023

HYBE ranks fifth in global tour revenue in 2023

The global tour revenue of HYBE Co., home to BTS and Seventeen, reached 250 billion won ($190 million) over the year.According to Hybe on Tuesday, t...

US regulations push Korean battery industry to cut reliance on China

US regulations push Korean battery industry to cut reliance on China

The South Korean battery industry is facing pressure to cut its reliance on Chinese capital as the US government on Dec. 1 issued guidance that will...

Celltrion’s Vegzelma listed on US PBM preferred drug list

Celltrion’s Vegzelma listed on US PBM preferred drug list

South Korea's Celltrion Healthcare Co. announced on Tuesday that its anti-cancer biosimilar Vegzelma (active ingredient: bevacizumab) was listed as ...

S.Korean newly married couples’ birth rate at record low

S.Korean newly married couples’ birth rate at record low

South Korea’s fertility rate among newly married couples, who account for most of the country’s newborns, hit a trough last year, adding...

Vietnam’s top leader to make first South Korea visit in 11 years Test case looms for Korea’s revised Commercial Act as VIP Asset challenges Lotte Rental’s rights issue to Affinity HYBE sparks summer vibes with BTS live album, TXT comeback, new boy band launch K-beauty contract manufacturers see record Q2 profits; rally likely to continue S.Korea’s Bebesup earns China nod for baby skincare, eyes global expansion