Precision to supply to Antech for US vet diagnostics market entry

A number of veterinary diagnostics companies are struggling to differentiate themselves in the global market. According to Grand View Research Inc.,...

Cosmax to conduct joint research with Universitas Indonesia

Cosmax Inc. announced Tuesday it recently signed a memorandum of understanding (MOU) with Universitas Indonesia’s Department of Pharmacy to co...

Korean firms with high ESG scores show great P/E ratios

South Korean corporates’ price-earnings ratios are affected by their environmental, social and governance (ESG) management, experts said at an...

LG Energy surrenders No. 2 EV battery position to BYD

LG Energy Solution Ltd., South Korea’s leading battery maker, gave up its second-largest position in the global electric vehicle cell market...

Top S.Korean firms face carbon neutrality dilemma

South Korea’s top 30 companies emitted their largest-ever amount of carbon dioxide last year, contrary to their goal of reducing greenhouse ga...

Korean biotech firms fold COVID-19 therapeutics development businesses

A string of South Korean pharmaceutical and biotech companies are waving the white flag when it comes to developing COVID-19 treatments. As the...

Korean Aerospace Ind.'s shares soar on Poland export hopes

Korea Aerospace Industries Ltd. (KAI), South Korea’s military aircraft manufacturer, is emerging a winner in South Korea’s sagging stock...

Plagiarism scandal hits top S.Korean university over AI-themed papers

South Korea's most prestigious university is embroiled in a plagiarism scandal after two papers it published on artificial intelligence are believed...

SK Telecom gears up for global launch of metaverse platform

South Korea’s top mobile carrier SK Telecom Co. took steps to launch its metaverse platform in other countries as it aims to seek a future gro...

Danble taps into overlooked market of men's fashion for older millennials

Danble, operated by Tailor Town, is an online fashion platform serving the often-overlooked market of men’s fashion for those in their 30s and...

NCSOFT publishes second ESG report with a playbook concept

NCSOFT Corp., a leading South Korean game developer, has published its second annual sustainability report using a playbook map concept. The re...

Samsung Eng. to invest in Vietnam for SE Asia water biz

Samsung Engineering Co. agreed to spend $41 million on Vietnam’s largest private water treatment company for the eco-friendly business in Sout...

Korea’s Socar gets pushback for high valuation ahead of IPO

South Korea’s mobility unicorn Socar Inc. faces controversy over its valuation after the car-sharing startup set the price guidance for its in...

KT, Swift Navigation team up for ultra-precision location service

KT Corp., a major South Korean telecommunications company, has partnered with Swift Navigation Co., a San Francisco-based technology firm, to commer...

Korean biotech L&C Bio issues convertible bonds worth $46 mn

South Korean biotech company L&C Bio, which specializes in tissue regeneration treatment, is poised to ramp up its expansion into the Chinese ma...

Korean startups rely on word-of-mouth marketing for overseas penetration 

Thanks to what some economists dub a borderless economy, more South Korean startups than ever before are looking beyond the peninsula. Seoul-ba...

Moon boats light up the birthplace of Korean Confucianism

Riding a crescent moon-shaped boat that changes colors is a must-do experience in the small South Korean city of Andong, 190 km southeast of Seoul.T...

Korean Air gears up to normalize international flights

Korean Air Lines Co., the country’s top carrier, is set to take measures to normalize international flights as nations worldwide are opening u...

KG, Cactus PE, Pavilion PE named new owners of Ssangyong Motor

A consortium led by the chemicals-to-steel conglomerate KG Group has been named the new owner of South Korea’s troubled sport utility vehicle ...

Shilla Duty Free targets Chinese shoppers with Alibaba

The Shilla Duty Free Shop, the world’s No. 3 duty-free chain, has joined hands with a Chinese e-commerce giant to attract some 158 million cro...

Korean beauty brands rush for vegan certification

As more consumers seek out eco-friendly products, a growing number of South Korean cosmetics brands are in a hurry to be certified as vegan.With lab...

SK Telecom expands system for self-driving in Seoul

SK Telecom Co., South Korea’s top mobile carrier, has expanded the area covered by the traffic control system for self-driving in Seoul, takin...

Opportunity costs on the rise at Korean shipping firms

South Korea’s leading shipping companies are being used as funding sources for their parent groups’ business expansion or making up for ...

Mobility platform Socar targets $1.2 bn value for Aug IPO

South Korea’s car-sharing platform Socar Inc. has estimated its corporate value at up to 1.6 trillion won ($1.2 billion) for an initial public...

Hyundai, Kia set for record profit with lower incentives than Toyota

South Korea’s two largest automakers – Hyundai Motor Co. and Kia Corp. – are expected to post their highest ever profit for the se...

Supply crisis dwarfs S.Korean display equipment makers

South Korea’s display equipment makers are suffering from the global supply disruption with forced delayed shipments of products to clients, i...

Doosan Enerbility, Siemens' affiliate sign MOU for wind power business

Doosan Enerbility Co. announced Sunday it has signed an initial memorandum of understanding (MOU) with Siemens Gamesa Renewable Energy S.A. (SGRE) i...

LG Electronics, GS acquire AppleMango to launch EV charging business

LG Electronics Inc., in partnership with GS Group, is advancing into the electric vehicle charging service market by acquiring AppleMango Co., a Sou...

Korean duty-free shops hit by unfavorable exchange rate, limited inventory

The duty-free industry has been hoping that the end of COVID-19-related travel restrictions would help boost its sales. Even as international t...

K-beauty sales see sharp drop at China's major shopping event

South Korean cosmetics giants failed to win over Chinese consumers at the 618 Shopping Festival, one of the largest online annual shopping events in...