S.Korean won near 2-month low as US data fans Fed hike views

The South Korean won skidded to a near two-month low on Friday as hotter-than-forecast US inflation data added to expectations that the Federal Rese...

S.Korea confirms economic slowdown, recession concerns loom

The South Korean finance ministry on Friday confirmed that the country’s economy has slowed, mired in stubbornly high inflation and sluggish e...

DeepBrain AI joins CB Insights' Global 250 Generative AI Startups list

DeepBrain AI, a South Korean AI startup, said on Friday it made the list of "Global 250 Generative AI Startups" by CB Insights, a New York-based mar...

LG Chem invests $75 million in Piedmont Lithium, signs supply deal

LG Chem Ltd., South Korea’s largest chemicals maker, said on Friday it is acquiring a 6% stake in Piedmont Lithium Inc., a US mining company, ...

Igaworks partners with Vietnam’s Clever Group to supply data platform

South Korean big data platform company Igaworks said on Thursday it has signed a contract and strategic alliance deal with Vietnam’s largest m...

Korean shipbuilding, defense sectors offer bright 2023 outlook

South Korea’s major companies in shipbuilding, defense and construction industries expect strong earnings this year, despite growing concerns ...

Kumho Tire establishes ESG committee under its board of directors

Kumho Tire Co. is intensifying its sustainable management efforts by establishing an environmental, social and governance (ESG) committee directly u...

Hyundai Mobis ramps up patent development for future mobility tech

Hyundai Mobis, a South Korean auto parts maker and a key affiliate of Hyundai Motor Group, said on Thursday that it filed more than 3,000 patents la...

KTO steps up Korean tourism promotion in Saudi Arabia

The Ministry of Culture, Sports and Tourism, along with the Korea Tourism Organization (KTO), are accelerating their efforts to promote Korean touri...

LG Elec places GuideBot in museums to improve viewing accessibility

LG Electronics Inc. announced on Thursday that the LG CLOi GuideBot "Qi" will be deployed as a curator at both the Gongju National Museum and Nation...

Vietnam’s rise: An ominous sign for Korean chipmakers

Just a few years back, it was Taiwan that was on everyone’s lips in the semiconductor industry.The small East Asian island country, home to th...

LG Energy Solution joins global climate disclosure initiative

South Korean battery maker LG Energy Solution Ltd. said on Wednesday that it has become the first domestic battery maker to endorse the Task Force o...

SK Biopharm holds sales meeting for marketing Cenobamate in US

On Wednesday, SK Biopharmaceuticals Co. announced that its US subsidiary, SK Life Sciences Inc., held a "National Sales Meeting" in San Diego. The p...

Korean PE firm STIC to buy stake in copper foil maker Iljin

South Korean private equity firm STIC Investments is poised to become the second-largest shareholder of Iljin Materials Co., a Kosdaq-listed battery...

Korean jobs up by 22-month low of 411,000 in Jan, with signs of cooling

South Korea added the smallest number of payrolls in nearly two years in January, with mainly part-time jobs taken by people in their 60s and older,...

Korean sovereign wealth fund KIC logs record loss in 2022

Sovereign wealth fund Korea Investment Corporation (KIC) posted the largest annual loss last year since its inception in 2005, according to its 20...

Vaxcell-Bio, Cellid sign MOU to build cancer immunotherapy platform

Vaxcell-Bio Therapeutics, a South Korean company specializing in anti-cancer immunotherapy, announced on Wednesday its partnership with Cellid Co. t...

Hyundai Transys bolsters ESG fair trade compliance program

Hyundai Transys, an auto parts unit of Hyundai Motor Group, announced on Wednesday that it is enhancing its voluntary fair trade compliance program ...

Hyundai Steel co-hosts symposium on low-carbon construction materials

Hyundai Steel has joined hands with the construction industry to increase the recycling of steel byproducts.On Tuesday, the steel maker organized a ...

10 villages featuring traditional Korean architecture to be built in Seoul

The Seoul Metropolitan Government is pursuing a "fusion Hanok" project of building 10 Hanok (traditional Korean architecture) villages in the capita...

Plain sailing for LS with record earnings under Chairman Koo’s leadership

LS Group’s plan to groom new growth engines from batteries to electric vehicles and semiconductors is set to gain impetus after South Korea&rs...

Korean Chips Act revision hits roadblock as opposition lawmakers balk

The proposed revision to South Korea’s answer to the US CHIPS and Science Act has hit a roadblock as the main opposition party, which controls...

Cizion, Parameta form strategic partnership for data protocol

Cizion, a South Korean data-specialized startup, announced on Tuesday that it has entered into a strategic partnership with Parameta, a domestic IT ...

EOFlow's insulin injection pump starts to be sold in UAE

South Korea's medical device maker EOFlow Co. started selling the wearable insulin pump EOPatch in the United Arab Emirates.The company said on Tues...

S.Korean shipbuilders rule world’s eco-friendly vessel market

South Korea’s shipbuilders have won more than half of the orders to build eco-friendly vessels so this year based on advanced technology to do...

POSCO ties up with Aussie firm on US EV cell mineral project

South Korea’s POSCO Group has joined hands with an Australian company to work on an electric vehicle battery material project in the US as it ...

Bespin Global, STEG partner to develop cloud management platform

South Korea's two IT firms, Bespin Global and STEG, have teamed up to jointly develop a cloud operation management platform. Bespin Global said on T...

LG Energy Solution tops global EV battery market excluding China

South Korea's LG Energy Solution Ltd. for the second straight year was No. 1 on the global market for electric vehicle (EV) batteries excluding Chin...

Hanjin converts Indonesian representative office to corporation

Hanjin Transportation said Tuesday that it had converted its representative office in Jakarta, Indonesia, into a corporation last month to strengthe...

For the Korean 'Crazyones' who dream to beat Steve Jobs, Elon Musk

Many young entrepreneurs around the world dream to become the next Steve Jobs or Elon Musk -- industry legends who dramatically changed our daily li...