Smart transportation solution provider Alt-A enlists pre-Series A funding

Alt-A, which provides a transportation system specialized in last-mile roads, said Monday that it has received pre-series A funding from Shinh...

Korean activist fund KCGI buys Meritz Asset Management

A consortium led by Korea Corporate Governance Improvement Fund (KCGI), a local activist fund, said on Jan. 9 it signed a share purchase agreement l...

Lotte Chem to raise sales 65% with more advanced materials

LAS VEGAS -- South Korea’s Lotte Chemical Corp. seeks to ramp up sales 65% in nearly 30 years by increasing production of advanced materials, ...

SK Geo Centric signs MOU with Plastic Energy for plastic recycling plant

SK Geo Centric, a subsidiary of South Korea's top refiner SK Innovation Co., will join hands with a global company to build a super-large waste plas...

Jeju Air ranked first in domestic routes last year

Jeju Air Co. took first place with an 18.2% share of domestic routes in 2022 for the third straight year from 2020.The airline said on Monday that...

DSME puts welding collaborative robots into field

Daewoo Shipbuilding & Marine Engineering Co. (DSME) said on Monday that it developed a collaborative robot, or cobot, that welds pipes in the ...

Korean startup Lemonbase attracts $5.6 mn Series A funding

Lemonbase, a South Korean developer and operator of performance management software as a service (Saas), raised 7 billion won ($5.6 million) in Seri...

KSOE to develop large-capacity fuel cells with Europe's research center

Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate holding company of HD Hyundai Co., has decided to develop fuel cells for mar...

CJ CheilJedang to expand K-food production facilities overseas

South Korean food giant CJ CheilJedang Corp. is slated to increase food manufacturing facilities globally and launch businesses in Australia, Canada...

LG Elec sweeps 1st place in Best Washers chosen by US consumers

LG Electronics Inc. swept this year's top spot in all major categories of best washing machines evaluated by Consumer Reports, a leading US consum...

Korea's SK On scraps $3.2 bn Turkey EV battery factory plan

SK On Co., the world’s No. 5 electric vehicle battery maker, dropped a plan to build a 4 trillion won ($3.2 billion) plant in Turkey as higher...

Samsung to launch its first robot to assist with elderly care

Samsung Electronics Co., the world's largest memory chip and smartphone maker, is set to launch its first robot later this year to care for the elde...

Hyundai's Genesis beats rival Infiniti in US car sales

Genesis, Hyundai Motor Group's premium sub-brand, sold more car units in the US last year than its Japanese rival Infiniti.Genesis sold a record-hig...

PE firm VIG Partners takes over Korean low-cost carrier Eastar

South Korean private equity firm VIG Partners has acquired a 100% stake in low-cost carrier (LCC) Eastar Jet Co., the asset manager said on Jan. 6. ...

Com2uS to release host of new games this year

Com2uS Corps. will release a variety of new game titles this year with the goal of reaching 100 billion won ($78.6 million) in global sales for each...

Fly Gangwon fails to pay salaries again due to financial woes

Fly Gangwon, a low-cost carrier based at Yangyang International Airport in Gangwon Province, South Korea, is in serious financial trouble. As its fi...

Air Busan launches new Busan-Clark flight

Air Busan Co. began operating its first new flight route this year between Busan and Clark, the Philippines, and started a new leap forward in earne...

Korean government to finance $625 million for K-content in 2023

South Korean President Yoon Suk-yeol emphasized on Thursday the importance of K-content, saying content will become the most important industry to s...

MyRealTrip launches overseas lodging booking service

Travel app MyRealTrip said Wednesday that it is launching an overseas hotel booking service that allows users to search, book, and pay for more than...

Samsung’s Q4 profit tumbles; cuts 2023 chip profit forecast by half

Samsung Electronics Co., the world’s largest memory chip and smartphone maker, posted its worst quarterly operating profit in eight years on F...

KEXIM bank issues $3.5 billion in foreign currency bonds

The Export-Import Bank of Korea on Thursday said it issued a record-high $3.5 billion in global bonds to investors worldwide.The government-run bank...

LG Elec to increase partnerships for business expansion

LAS VEGAS -- LG Electronics Inc., the world’s top home appliance maker, is seeking more partnerships with global leading companies and increas...

Diverging lithium, nickel prices unnerve Korean battery makers

The prices of lithium and nickel, key minerals for electric vehicle batteries, have been diverging since late last year, which is set to further wid...

HD Hyundai to boost offshore wind power, future ships, CEO says

LAS VEGAS – HD Hyundai Co., the largest shipbuilding conglomerate in South Korea, is set to diversify its future growth engines, focusing on s...

Hyundai, Kia beat Honda to rank 5th in US market

Hyundai Motor Co. and Kia Corp. kept their fifth place in sales in the US market for the second consecutive year. Despite production setbacks due to...

Daewoong, Onchorus to undertake research on mRNA anticancer drugs

Daewoong Pharmaceutical said on Thursday that it has signed a joint R&D and commercialization agreement with America's biopharmaceutical venture...

Aekyung Industrial acquires green certification for eco-friendly detergent

Aekyung Industrial said on Thursday that it has obtained green technology certification from the Korea Technology Finance Corporation for its eco-fr...

Korean law firm creates startup investment association

The Law Office of Choi & Lee, a small-sized law firm, became Korea's first law firm to invest in startups. In one of the most difficult times wh...

Hyundai Motor Group to make debuts of innovative startups at CES

Hyundai Motor Group's open innovation platform Zero1ne will showcase innovative technologies from ten South Korean startups at CES 2023, the world's...

WeMade signs partnership with Chinese digital asset exchange

WeMade said on Wednesday that it would sign a non-fungible token (NFT) partnership with Zhongchuanyuezhong Cultural Development Co. which operates a...