LG Elec speeds up robot biz expansion in logistics sector

LG Electronics Inc., the world’s top home appliance maker, has ramped up expansion of robot applications in the smart logistics sector with it...

POSCO breaks ground on nickel refining plant in Korea

POSCO Group, the world’s sixth-largest steelmaker, broke ground on Friday for a high-purity nickel refining plant in South Korea to meet risin...

Samsung launches upgraded digital wallet to take on Apple Pay

South Korea’s tech giant Samsung Electronics Co. said on Friday it is launching its digital wallet platform in 13 more countries by year-end t...

Yoon courts lost decade for Korean women

People can debate what it means for the government of a top-12 economy to be “anti-feminist.” There is no question, though, that President...

Korean bio suffers as weak won lifts global clinical trial costs

South Korean biopharmaceutical firms are facing challenges in clinical trials overseas alongside the rising Korean won to the US dollar exchange rat...

Korean Presbyterian pension to tap GPs for alternative assets, equity

Pension Foundation of Presbyterian Church of Korea (PCK Pension), a South Korean retirement plan for pastors and churches, is poised to hire several...

Korean firms struggle to dispatch workers overseas

Some South Korean conglomerates are struggling to recruit workers for dispatch to overseas branches as more workers are avoiding expatriate assignme...

SillaJen shares jump as exchange maintains listing, allows resumed trade

Shares in South Korea’s scandal-hit biotechnological company SillaJen Inc. soared on Thursday after the local exchange decided to maintain the...

SK Signet to build $15 million EV charger plant in Texas

SK Signet Inc., a unit of South Korea’s second-largest conglomerate SK Group, said on Wednesday it will spend $15 million, or 21.3 billion won...

KLA to stop chip tool supply to customers in China: Report

US chip toolmaker KLA Corp. will cease offering some supplies and services from Wednesday to China-based customers including SK Hynix Inc., the worl...

Experts define goal of AI tech development as cooperation with humans

Renowned artificial intelligence (AI) scholar Masashi Sugiyama said his research goal is to develop AI that can work and learn alongside people.Su...

AI-powered translation startups tackle niche marketplaces

Artificial intelligence (AI)-driven translation has been dominated by big tech.Alphabet Inc.’s Google LLC is the global leader while Naver Cor...

Hyundai’s NEXO crossover tops world’s hydrogen vehicle market

Hyundai Motor Co.'s NEXO crossover has become the world’s best-selling hydrogen fuel cell electric vehicle (FCEV) in the first eight months of...

Japan, Spain firms join forces with Woojin for Korean bullet train bid

A Japanese company and a Spanish firm have joined hands with a South Korean company for a local bullet train supply deal as the country is expected ...

US sanctions on Russia may hinder Korean Medit sale

US private equity giants The Carlyle Group and Kohlberg Kravis Roberts & Co. (KKR) may have to give up on their acquisition plans of Medit Corp....

Korean shipbuilders regain top post, to profit from higher ship prices

South Korea’s three major shipbuilders have regained the world’s No. 1 title in terms of ship orders and are expected to swing to profit...

Korean corporate bond issuance hits 2022 monthly low in September

South Korean corporate bond issuance in September hit a monthly low this year on souring investor sentiment due to interest rate hikes.Corporate bon...

Samsung Q3 earnings disappoint on weak chip business

Samsung Electronics Co., the world’s top memory chipmaker, missed third-quarter earnings estimates on the weak semiconductor business and its ...

OPEC output cut to worsen Korean airlines’ woes

South Korea’s airlines, already slammed by a weaker won currency and rising interest rates, are expected to suffer more from global major oil ...

Bitcoin is not money: South Korean court

A South Korean court judged that Bitcoin, the world’s leading virtual currency, is not money and therefore the cryptocurrency is not subject t...

Celltrion targets digital healthcare sector with app

Celltrion Inc., South Korea’s biopharmaceutical giant, made a foray into the digital healthcare sector for its future growth by launching a sm...

Malaysian officials to visit KAI plant for fighter jet deal

Malaysian government officials are scheduled to visit Korea Aerospace Industries Ltd. (KAI) next month for a light fighter jet contract, media repor...

Samsung’s new $2.8 bn OLED plant to benefit Korean device makers

South Korea’s electronics equipment manufacturers are set to benefit from Samsung Display Co.’s planned construction of a $2.8 billion n...

SK Telecom joins race for Korean dental scanner maker

South Korea’s top mobile carrier SK Telecom Co. has joined the race to acquire Medit Corp., the world’s third-largest 3D dental scanner ...

Tiger Alternative, Ocean West sell 7 warehouses in US for $1 bn

A consortium led by South Korea’s Tiger Alternative Investors Co. and Los Angeles-based real estate firm Ocean West Capital Partners sold seve...

S.Korean conglomerates increase AI R&D hubs overseas

South Korean conglomerates are increasingly looking overseas as bases of their artificial intelligence research centers to build strong networks wit...

SK On inks lithium deal with Australian firm for US tax credit

SK On Co., the world’s fifth-largest electric vehicle battery maker, has signed a deal with an Australian lithium producer. Securing the core ...

Kia’s EV6 GT: Faster than supercars Lamborghini, Porsche and Ferrari

South Korea’s sports car enthusiasts now have one more supercar option to enjoy at an affordable price – one that is arguably as powerfu...

Falling won yet to cool Koreans’ fever for overseas travel

The South Korean won has continued its decline to hit lows not seen since the 2008-09 global financial crisis on sustained concerns of an economic d...

Kospi hits two-year low; regulators mull short-selling ban

South Korea's stock market tumbled to its lowest level in more than two years on Wednesday, as fears of a slowing global economy and rising inflatio...