Liner raises $20 mn in Series B funding
South Korean AI search startup Liner said on Friday it raised 270 billion won ($200 million) in a Series B funding round led by Atinum Investment an...
Celltrion's anti cancer drugs hold 90% market share in C.America
South Korea’s Celltrion Inc. said on Friday that its cancer treatments have captured a 90% market share in several Central American countries....
POSCO E&C gets ISMS-P Info Security certification
South Korea's POSCO E&C said on Thursday that it obtained the "Information Security Management System & Personal Information Protection Mana...
LG Electronics doubles down on B2B business
LG Electronics Inc., a leading South Korean home appliance maker seeking to transform into a platform company, aims to double sales of its Business ...
Samsung Apologizes for Falling Behind in AI Chips Race
SEOUL—For a major maker of semiconductors such as Samsung Electronics Co. , the artificial-intelligence boom should be a time of great promise...
Paris Baguette to enter Thailand, Brunei, Laos
South Korean bakery brand Paris Baguette, operated by SPC Group, said on Wednesday it will enter Thailand, Brunei, and Laos.SPC signed a master fran...
Korea to join FTSE Rusell bond index to attract $66 bn inflows
South Korea will be included in a global major bond index next year to attract an estimated $66 billion in capital inflows to Asia’s fourth-la...
DB Insurance outshines domestic rivals in global business
DB Insurance Co. raked in the biggest profits from overseas operations among South Korean insurance companies in the first half of this year, leadin...
Jeju Air launches new Batam, Bali routes
Jeju Air Co., South Korea's leading low-cost carrier (LCC), said on Tuesday that it will launch the routes to Batam and Bali, Indonesia. It's t...
KIS hosts 2024 Stifel Research Forum in Seoul
Korea Investment & Securities announced on Tuesday that it hosted analysts from Stifel Financial Corp. at its headquarters in Yeouido, Seoul, fo...
HL to acquire French parking robot firm Stanley Robotics for $24 million
HL Group, the construction-to-auto parts conglomerate in South Korea, will acquire the world’s sole outdoor self-driving parking robot-produci...
Growing dollar-backed stablecoin trades may destabilize Korean economy
Trading in dollar-backed stablecoins, cryptocurrencies pegged to the US currency, in South Korea hit a record high amid complex and costly currency ...
Hyundai Motor Group, D.Camp to host startup demo day
Hyundai Motor Group's open innovation platform ZER01NE said on Tuesday it partnered with startup accelerator D.Camp in collaboration with 19 finan...
Hyundai Movex to lead S. Korea’s unmanned robot project
South Korea’s Hyundai Movex Co. was selected to lead the design of a high-precision large autonomous mobile robot (AMR) platform and integra...
S.Korean defense firms stand to gain if Harris wins Nov. election
Defense companies will stand to gain the most among South Korean companies if US Vice President Kamala Harris wins the US presidential election next...
Mirae Asset Securities builds AI-based stock analysis system
South Korea's Mirae Asset Securities Co. said on Monday that it has established an AI Market Assistant system, in which artificial intelligence (AI)...
Nongshim opens K-Ramyun supermarket in Myeongdong
South Korean food and beverage giant Nongshim Co. said on Monday that it opened a Korean-style ramyun experience store K-Ramen Supermarket with the ...
AI startup MarqVision raises $16.5 mn to close Series A round
MarqVision Inc., a startup developing an artificial intelligence-powered intellectual property (IP) protection platform, raised 22 billion won ($16....
Two out of 5 CEOs hold negative views on Korean startup scene
Nearly half of South Korean startups hold negative views on the country’s startup ecosystem, citing the prolonged startup funding winter and t...
Suwon Hwaseong Cultural Festival to be promoted as global event
The South Korean Ministry of Culture, Sports, and Tourism said that the Suwon Hwaseong Cultural Festival, recently chosen as a Korea Representativ...
KAI, Hanwha Systems to collaborate on special operations helicopter
Korea Aerospace Industries Ltd. (KAI), South Korea’s sole military aircraft manufacturer, said on Thursday it signed an exclusive memorandum o...
Naver to upgrade Korean map service for foreigners
South Korean online giant Naver Corp. is set to upgrade its digital map service for foreigners to attract more global users as the domestic market g...
S.Korea’s NPS investment arm suffers from chronic understaffing
South Korea’s largest institutional investor, the National Pension Service (NPS), managing 1,150 trillion won ($870.6 billion) in assets, stru...
LG Chem develops material blocking battery thermal runaway
LG Chem Ltd. has developed a material that can prevent thermal runaway in a lithium-ion battery, one of the major hurdles to the expansion of the el...
Korea’s finance min, central bank chief to take on demographic crisis
South Korea’s finance minister and central bank chief on Monday agreed to address the world’s lowest fertility rate, a most urgent task ...
LG NOVA hosts Innovation Festival in US
LG Electronics Inc. 's North American Innovation Center (LG NOVA) said on Monday that it held an Innovation Festival last Wednesday and Thursday at ...
Wealthy Koreans look to Indian equities as 'next China' investment
First, it was the US that attracted many South Korean investors looking for higher returns.And then came China, which ensnared Korean retail investo...
S.Korea to offer incentives to attract foreign scientists
South Korea will offer incentives including a 50% income tax cut to attract foreign scientists to develop new growth drivers such as artificial inte...
Seoul rejects Elliott’s $20 mn claim against Samsung C&T
Elliott Investment Management Corp. has lost a case against Samsung C&T Corp. in seeking 26.7 billion won ($20.2 million) compensation in connec...
Loss-making Gmarket joins Shinsegae’s job cut spree
Gmarket Inc. will cut jobs for the first time since it was acquired by South Korea’s retail giant Shinsegae Group in 2021, joining the group&r...
