Korea's Daewoong to export diabetes drug Envlo to Brazil, Mexico
South Korea’s Daewoong Pharmaceutical Co. said on Feb. 24 it is set to embark on global sales of Envlo, a new drug for diabetes, by exportin...
Korean Air, KIMS jointly develop stealth aircraft materials and parts
Korean Air and The Korea Institute of Materials Science (KIMS) have agreed to cooperate in developing aircraft materials and parts technology togeth...
KAI inks deal to export 18 FA-50s to Malaysia
Korea Aerospace Industries Ltd. (KAI) has secured a deal to export eighteen FA-50 light fighter jets to Malaysia for a sum of $920 million (1.2 tril...
S.Korean firms with focus on emerging Asia to shine
South Korean companies with a large proportion of sales to emerging Asia are expected to shine in the stock market this year as their revenue from t...
US calls on 2 S.Korean pharmaceutical companies for swift end to legal battle
Following its lawsuit against Daewoong Pharmaceutical, South Korea's Medytox Inc. is waging an all-out legal war against domestic counterpart Hugel ...
HYBE cries foul over SM, Kakao’s undisclosed deal
HYBE Co., the label behind the global sensation BTS, is considering legal action to invalidate an undisclosed deal between SM Entertainment Co. and ...
KT CEO Ku Hyeon-mo drops reelection bid as controversy flares
KT Corp. Chief Executive Ku Hyeon-mo has abandoned his ambitious bid to lead South Korea’s largest telecommunications company for another thre...
Hyundai Motor Group's 23 vehicle models win Editor's Choice Awards
Hyundai Motor Group made an announcement on Thursday, saying that its major vehicles had been selected as the best models at the 2023 Editor's Choic...
BOK holds rates as it lowers growth, inflation forecasts
South Korea’s central bank held its policy interest rate unchanged on Thursday as it slashed forecasts for economic growth and inflation altho...
Samsung opens 5G pilot network to 4th largest mobile carrier in US
Samsung Electronics Co. announced on Thursday that it has successfully completed the opening of a 5th-generation mobile communications (5G) pilot ne...
Samsung’s old textile mill transformed into idea accelerating lab
Samsung Electronics Co. has opened its first regional C-Lab Outside campus in Daegu – where its founder Lee Byung-chull started his first busi...
S.Korean investors eye VC, growth equity in tech: Adams Street
Many investors are questioning whether private markets will stay bullish amid uncertainty in 2023. The markets will continue to generate interesting...
KT&G potential target of aggressive activist shareholder
KT&G Corp., the world’s fifth-largest tobacco maker, is likely to face a tougher battle against activist shareholders as an aggressive hed...
POSCO Steeleon’s eco-friendly steel plate gets US certification
POSCO Steeleon Co., a South Korean steelmaker and a unit of POSCO Group, said on Wednesday that its biomass color steel plate has been certified as ...
Doosan Enerbility promotes technology at world's largest energy exhibition
Major South Korean power plant builder Doosan Enerbility Co. announced on Wednesday that it has started promoting its nuclear power and gas turbine ...
Smaller firms' successful IPOs fail to boost Korean listing market
South Korean companies are returning to the local initial public offering market this year, after failing their market debuts last year. But that ha...
HD Hyundai expands online communication channels
HD Hyundai Co., formerly known as Hyundai Heavy Industries Group, has announced its intention to enhance its online communication channels to better...
Ssangyong E&C completes construction of Dubai's Atlantis The Royal
Ssangyong Engineering & Construction announced on Tuesday the successful completion of "Atlantis The Royal," an ultra-luxury hotel in Dubai, the...
Lessons from Korean Air’s botched mileage program reform
Korean Air Lines Co. has suspended a plan to revamp its mileage program after it drew harsh criticism from both its customers and government officia...
Samsung, LG ditch BOE in likely Apple deal for iPad Pro OLED panels
Samsung Display Co. and LG Display Co. will likely win orders from Apple Inc. to build organic light-emitting diode (OLED) displays for the US tech ...
SK On resumes Ford F-150 Lightning battery production line
SK On Co., the world’s fifth-largest battery maker, on Monday resumed operations of the cell production line for Ford Motor Co.’s electr...
CJ Investment fosters Korean startups to discover new growth engines
CJ Investment, the corporate venture capital arm of CJ Corp., announced on Tuesday its plans to foster promising South Korean startups in order to d...
BOK sees interest rate as tight amid continued drop in exports
South Korea’s central bank said on Tuesday it regards the current interest rate as tight, suggesting the monetary authority may hold the polic...
Patty-cooking robotics startup Aniai completes seed funding
Aniai Inc., a foodservice robotics developer founded by a South Korean, said on Feb. 21 it has attracted $3 million via a seed funding round to boos...
Kyochon sets sights on Western expansion with Canadian franchise deal
Kyochon F&B, the operator of South Korea's premier fried chicken brand Kyochon Chicken, said on Tuesday that it has secured a master franchise a...
Samsung eyes wider foundry client base with Ambarella deal
Samsung Electronics Co., the world’s largest memory chipmaker, said on Tuesday it will manufacture automotive chips for US chip designer Ambar...
LG Uplus to provide infotainment service for Toyota's RAV4 PHEV
South Korean mobile telecom carrier LG Uplus Corp. has announced on Tuesday its plans to install its integrated infotainment (IVI) platform, the Upl...
KT succeeds in developing core equipment for 5G-specialized networks
KT Corp., a South Korean telecom service operator, has successfully developed equipment that embodies the core technology of 5G-specialized networks...
Will CATL’s bargain sales hurt Korean EV battery makers?
China’s Contemporary Amperex Technology Co. (CATL), the leading global electric vehicle battery manufacturer, has started a price war in the w...
Hyundai Dream Tour partners with Air France-KLM for eco-friendly fuel
On Monday, Hyundai Dream Tour, a travel company affiliated with Hyundai Department Store Group, announced a partnership with Air France-KLM to promo...
