Lotte Global Logistics, Megvii to collaborate AI logistics
South Korea's Lotte Global Logistics announced on Thursday that it signed a memorandum of understanding (MOU) with Megvii Technology, a Chinese arti...
Hyundai AutoEver gets CSMS Level 3 certification
South Korea's Hyundai AutoEver Corp. announced on Thursday that it obtained the international standard Cybersecurity Management System (CSMS) Level ...
Samsung launches Galaxy C55 5G in China
Samsung Electronics Co. has launched the Galaxy C55 5G, a budget-friendly smartphone series designed specifically for the Chinese market, marking th...
SK Hynix to invest $14.6 bn to build HBM plant in S.Korea
SK Hynix Inc. will spend 20 trillion won ($14.6 billion) to build a new memory chip manufacturing plant on a site originally designated to build a N...
Woori Financial opens DinnoLab Vietnam Center
South Korea's Woori Financial Group announced on Wednesday that it has opened the DinnoLab Vietnam Center in Hanoi.DinnoLab is a program by Woori ...
Samsung showcases AI TV techs in SE Asia
Samsung Electronics Co. announced on Wednesday that it held its 2024 Southeast Asia Tech Seminar in Bangkok, Thailand from April 23 to 24. The ...
Korchip sets IPO price above expected range
South Korea's micro secondary battery manufacturer Korchip set its IPO price at 18,000 won ($13.15), exceeding the upper end of the expected range (...
N.Korean hackers attack South’s arms makers for tech data
North Korean hackers allegedly attacked South Korean arms manufacturers and stole technical data from them over more than a year Seoul’s polic...
Samsung Asset eyes expansion into US ETF market
NEW YORK – South Korea’s largest asset manager Samsung Asset Management Co. is leveraging its strategic partnership with a US investment...
SK Telecom, SoftBank to collaborate for SV measurement
South Korea’s SK Telecom Co. announced on Tuesday that it signed a memorandum of understanding (MOU) for cooperation in measuring social value...
Hana Bank launches All-care Solution for Real Estate Wealth
South Korea's Hana Bank announced on Tuesday that it launched the premium real estate wealth management service Hana Real Estate All-care Solution i...
OCI to invest up to $1.5 bn in Malaysia’s polysilicon plant
KUALA LUMPUR -- OCI Holdings Co., South Korea’s leading chemical and green energy company, plans to invest up to 2 trillion won ($1.5 billion)...
Krafton shares sink as SK Square taps 2.2% block trade
Shares of Krafton Inc., South Korea’s gaming behemoth, lost about 8% on Tuesday on news that SK Square Co., an investment arm of the country&r...
TYM exports 900 tractors to the Philippines
South Korea's agricultural machinery company TYM Corp. announced on Tuesday that it has won a bid project by the Philippine government to supply tra...
Korean banking group's Q1 profits drop on ELS sales
The combined net profit at South Korea’s four largest financial services firms, including KB Financial Group, are estimated to have dropped ne...
Samsung wins multi-year built-in kitchen suite orders from Clayton
Samsung Electronics Co. is upping the ante to widen the lead in the US home appliance market with a long-term contract to provide its hyper-connecte...
Samsung Bioepis gets OK to sell Stelara biosimilar in Europe
South Korea's Samsung Bioepis has received approval from the European Commission to sell Pyzchiva, a biosimilar of the autoimmune disease Stelara.&n...
Alibaba eyes 1st investment in Korean e-commerce platform
China's Alibaba Group Holding Ltd. is likely to make its first investment in a South Korean online shopping platform as it aims to gain a competitiv...
Blackstone signs over $1 bn deal with MBK for 1st exit in Korea
Private equity giant Blackstone Inc. is set to mark its first exit from South Korea by selling a 71.25% stake in the holding firm of Geo-Young Corp....
Kakao Mobility to offer robot delivery service with LG
Kakao Mobility Corp., South Korea’s most popular ride-hailing app operator, will offer indoor robot delivery service with self-driving robots ...
Hyundai Motor, Matrix Renewables in solar deal to power Georgia EV plant
South Korea’s top automaker Hyundai Motor Group said on Monday it has signed a 15-year power purchase contract with a US solar energy generati...
Korean Air, WestJet codeshare Incheon~Calgary route
Korean Air Lines Co. announced on Monday that it will expand codeshare operations with Canada's WestJet Airlines.Korean Air will sell flights operat...
HD Hyundai Infracore to participate in INTERMAT 2024
South Korea's HD Hyundai Infracore Co. announced on Monday that it will participate in INTERMAT 2024 which will be held from April 24 to 27 at Parc ...
BMW to support Korean automotive startups at new R&D center
German luxury carmaker BMW Group is set to support South Korean automotive startups in their overseas expansion as it on Monday opened a new researc...
Korean theme parks recover to near pre-pandemic levels
Everland and Lotte World, South Korea’s two largest theme parks, posted their highest-ever profits in 2023, recovering from the COVID-19 pande...
SoftBank-backed Korean flea market app sees overseas growth
Danggeun Market Inc., South Korea’s largest online flea market service provider, enjoyed growth in other countries with its Karrot app briefly...
Lotte Dept. Store introduces AI translation service
South Korea's Lotte Department Store announced on Monday that it introduced an artificial intelligence (AI) interpretation service for foreign touri...
Korea's LX opens Hungary terminal for Europe EV, battery logistics
LX Pantos, one of the top logistics firms in South Korea, has launched a railway terminal in Hungary for the electric vehicle and battery logistics ...
NPS loses $1.2 bn in local stocks in Q1 on weak battery shares
South Korea’s National Pension Service (NPS), the world's third-largest pension fund, lost 1.66 trillion won ($1.2 billion) in domestic stock ...
Louis Vuitton, Chanel, Dior post weak profits in Korea post-pandemic
Global luxury brands Louis Vuitton, Chanel and Dior saw worsening profitability of their South Korean operations last year after a few years of dece...
