Samsung, SK Hynix asked to swallow tough pill over US CHIPS Act

 WASHINGTON, D.C. – South Korean chipmakers on Tuesday expressed deep concerns about the detailed guidelines of the US CHIPS and Science ...

US set to emerge as top global buyer of Korean kimchi: Daesang

South Korean kimchi exports to the US have soared since the pandemic as local distribution channels expanded and cooking at home increased, accordin...

South Korean beef poised for export to Malaysia by end-April

South Korea's Ministry of Agriculture, Food and Rural Affairs announced on Tuesday the successful conclusion of negotiations with Malaysia, allowing...

Hyundai Rotem signs high-speed rail car deal with Korail

Hyundai Rotem Co., a company under the Hyundai Motor Co. Group that specializes in manufacturing rolling stock, defense products and plant equipment...

S.Korean fashion company LF diversifies portfolio with new brand Patou

In a move to expand its range of offerings, South Korean fashion company LF Corp. has introduced a new emerging brand, Patou. As the preferences of ...

Samsung, SK seek dialogue with China at Boao Forum

BEIJING – The Boao Forum for Asia (BFA) is expected to serve as a venue for the world’s two largest memory chipmakers -- Samsung Electro...

NHN Commerce chosen as imported goods supplier by China's Douyin

NHN Commerce, South Korea's e-commerce platform, announced on Monday that NHN Accommate, its Chinese subsidiary, has been chosen as a supplier of im...

Korean battery firms seek benefits from US EV incentive details

South Korea’s battery industry has high hopes for details on requirements for US tax credits on electric vehicles to be announced this week as...

Luxury watchmaker Hublot buys Korean ceramic supplier Ecco

Hublot, a Swiss watchmaker under global luxury giant LVMH Moët Hennessy Louis Vuitton, has taken over South Korean ceramic manufacturer Ecco Wa...

Kwangdong introduces new drug candidate for pediatric myopia

South Korean pharmaceutical company Kwangdong Pharmaceutical announced on Monday that it has signed a contract with Hong Kong-based Zhaoke Ophthalmo...

Kolon Industries achieves certification for eco-friendly petroleum resins

Kolon Industries Inc., a Korean manufacturer of chemical and textile products, announced on Monday that it has become the first company in the domes...

Korean startup investments rapidly dry up in wake of SVB debacle 

The shock from the collapse of American startups’ main financing artery Silicon Valley Bank (SVB) has been deeply felt in the South Korean sta...

JW Pharma receives 1st overseas patent for its hair loss treatment

JW Pharmaceutical, a drug company based in South Korea, has received its first patent for a hair loss treatment that is currently in development. Th...

Piracy of S.Korean webtoon surges amid content boom

The South Korean industry of webtoons, or digital comics, has seen its original content illegally posted on foreign websites over the past few years...

SK Energy wins first place in K-BPI gas station sector in Korea

SK Energy, an energy and petrochemical unit of South Korea's SK Group, has won first place for 17 consecutive years in the gas station sector of the...

Korean research team develops AI chip to cut power use

South Korean scientists have developed a chip that needs less electricity for advanced efficiency and data processing to help the country’s se...

KT Cloud, DigitalBridge join hands for data center biz in Korea

KT Cloud Co., the cloud computing unit under South Korea’s second-largest mobile carrier KT Corp., and US infrastructure investment firm Digit...

S.Korea's household assets rise to record high in 2022

Average household net assets in South Korea in 2022 increased 10% to a record 456 million won ($350,000) from a year earlier, while it took longer...

Jury still out on Korean chipmakers’ tech upgrades in China

When the US Commerce Department announced the guardrail clauses on the CHIPS and Science Act earlier this week, South Korea’s government offic...

S.Korean crypto fugitive Do Kwon arrested in Montenegro

The fugitive South Korean cryptocurrency mogul Do Kwon, responsible for the more-than-$40 billion crash in the global virtual currency market last y...

S.Korean startup DeepBrain AI unveils 3D virtual human B2B technology

South Korean AI startup DeepBrain AI has unveiled a 3D virtual human B2B technology that can engage in real-time conversations, display emotional ex...

Cowell Fashion acquires Superdry’s Asia-Pacific IP rights for $50 mn

South Korea's innerwear company Cowell Fashion Co. has acquired the Asian rights to the British fashion brand Superdry for $50 million and plans to ...

Saudi Arabia emerges as land of opportunity to Korean startups

South Korean startups rush to the Kingdom of Saudi Arabia, where the government is keen to nurture startups with innovative and disruptive ideas and...

AI tech firm Interminds to attract up to $12 mn in Series C

South Korean startup Interminds Co., an AI developer of unmanned convenience store operations, aims to attract 10 billion won to 15 billion won ($7....

S.Korean fashion platform Ably attracts $39 mn before Series C round

South Korea’s Ably Corp., operator of the fashion shopping app Ably, has attracted 50 billion won ($39 million) via venture debt amid the slow...

DB HiTek mulls $780 mn capex in foundry after fabless demerger

South Korea’s chip foundry company DB HiTek Co. is mulling about 1 trillion won ($780 million) in capital expenditures to enhance its foundry ...

HMM receives Gold rating in EcoVadis ESG evaluation

HMM Co., formerly known as Hyundai Merchant Marine, announced on Thursday that it has received the "Gold" rating for environmental, social and gover...

LS Cable wins $86 mn contract to supply submarine cables to Taiwan

LS Cable & System Ltd. announced on Thursday that it has won a contract worth about 110 billion won ($86 million) to supply submarine cables for...

Goobne Chicken signs franchise contract with Texas-based company

Goobne Chicken, an oven-baked chicken brand operated by GN Food Corporation of South Korea, announced on Thursday that it had signed a master franch...

Paris Baguette expands to Canada with first store in Toronto

SPC, the South Korean food and beverage conglomerate, announced the opening of the first Paris Baguette store in Toronto, Canada, on March 23. The m...