SK E&S moves into EV charging market

South Korea's liquefied petroleum gas supplier SK E&S said on Wednesday that its subsidiary Parking Cloud will begin electric vehicle charging s...

MedPacto's anti-cancer substance designated as US FDA fast-track item

South Korean biotech company MedPacto Inc. ’s Vactosertib monotherapy for osteosarcoma patients has been designated as a fast-track developmen...

S.Korean fighter jet KF-21 makes first supersonic flight

The first prototype of the South Korean fighter jet KF-21 Boramae on Tuesday made its first supersonic flight six months since its inaugural trip to...

KSOE wins this year's first LNG carrier order worth $783 million

Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate shipbuilding holding company of HD Hyundai Co., said on Tuesday that it recent...

LG UltraGear selected as official monitor for League of Legends

LG Electronics Inc. said on Tuesday that its UltraGear gaming monitor, with enhanced gamer-specific features, has been selected as the official moni...

CMG Pharma acquires animal nutrition company ING Medix

CMG Pharmaceutical, a subsidiary of South Korea's CHA Biotech, said on Monday that it is moving into the pet nutrition supplement market by acquirin...

Handok signs agreement with Microsoft Korea for digital transformation

South Korea's leading pharmaceutical company Handok Inc. said Tuesday that it has signed a memorandum of understanding (MOU) with Microsoft Korea to...

South Korean companies ink $6.1 billion MOUs with UAE partners

ABU DHABI – Business leaders from South Korea and the United Arab Emirates (UAE) have signed 24 initial agreements worth at least $6.1 billion...

S.Korea's Bioneer forms diagnostic joint venture with Indonesian company

South Korea's biotech company Bioneer Corp. on Monday said it concluded a deal to form a joint venture with PT Indika Energy of Indonesia for busine...

Bespin Global establishes Vietnam Tech Center for cloud, digital innovation

South Korea's cloud management company Bespin Global will foster cloud and digital innovation industries in Central Vietnam. To this end, the compan...

Kia to break ground on new Korean EV plant in March

Kia Corp., South Korea’s No. 2 automaker, is set to break ground in March on a domestic factory to produce electric purpose-built vehicles (PB...

Samsung hires ex-Yogiyo CEO to lead online sales as rivals axe jobs

Samsung Electronics Co. has hired Kang Shin-bong, former chief executive of Yogiyo, South Korea’s second-largest food delivery platform, to le...

Kolon Global secures patent for Kankan Smart Space technology

South Korea's construction engineering company Kolon Global Corp. said on Monday that it has obtained a technology patent for the multi-purpose syst...

Ssangyong Motor takes part in Brussels Motor Show

Ssangyong Motor Co. said on Monday that it would participate in the 2023 European Motor Show Brussels and begin to move into the European market in ...

Lotte Chem to sell Pakistan unit for $156 mn to finance other projects

Lotte Chemical Corp. is set to sell its Pakistan unit for 192.4 billion won ($155.8 million won) to a chemical company in the country as the South K...

S.Korean brokerage lowers stock forecast for S-Oil over poor prospects

South Korea's Eugene Investment & Securities on Monday cut S-Oil Corp.'s target share price from 140,000 won ($113.5) to 133,000 won due to a lo...

Kia's Carens selected as Car of Year in India

Kia Corp. won the "Car of the Year in India" for the first time in three years and five months after entering the Indian auto market.Kia said Sunday...

Elon Musk’s vision for Korean innovation isn’t crazy

For a “genius,” Elon Musk sure does say lots of mindless things. Yet on any list of the least crazy ideas from the Tesla founder, his take...

Travel sales for SE Asia, Japan sell out in South Korea

South Korean travelers are loosening their purse strings on the occasion of the Lunar New Year, with overseas travel sales for one of the biggest ho...

LG Energy, Honda to build $4.4 billion battery plant in Ohio

LG Energy Solution Ltd. and Honda Motor Co. have launched their first US joint venture to build an electric vehicle battery plant in Ohio, LG said o...

Korean grocery delivery platform Oasis set for February IPO

South Korean grocery delivery platform Oasis Corp. aims to raise up to $166 million through a listing next month, becoming the country’s first...

K-chicken chain Kyochon signs MOU with Taiwanese food conglomerate

Kyochon F&B, the company operating Kyochon Chicken, said on Friday that it has signed a memorandum of understanding for a master franchise agree...

Bank of Korea gives bearish outlook after rate hike

South Korea’s central bank on Friday raised interest rates by a quarter point to 3.5%, while signaling a further cut in its economic growth fo...

Woori Bank Launches 3D-based metaverse pilot service

Woori Bank launched a 3D-based metaverse pilot service, the bank said on Friday.The bank will provide two services, one for interaction with small b...

Samsung SDS calls attacks on cloud biggest threat to cyber security

Cloud protection is the top cyber security concern for companies this year, a study says.Samsung SDS Co. on Thursday said this in its report "Top Fi...

LG Chem to recycle marine wastes to produce plastics

South Korea's largest chemicals company LG Chem Ltd. signed a memorandum of understanding (MOU) with a domestic resource circulation start-up Netspa...

Foreigners turn net buyers of Korean stocks as China reopens borders

South Korean stocks are gaining momentum at the beginning of the new year as foreigners have turned net buyers on expectations of China's border reo...

Webtoon company YLAB files preliminary listing review for Kosdaq

YLAB, a South Korean content company specializing in the production, distribution, and translation of webtoons, is moving to go public this year.Acc...

Naver secures largest stake in Spain's online marketplace Wallapop

Naver Corp. has made a massive additional investment in Wallapop, Spain's online market for used items and Europe's equivalent to Korea's Danggeun M...

Prestige Biopharma attains patent for solid cancer treatment antibody

Prestige Biopharma Korea said on Tuesday that it has obtained a domestic patent for the CTHRC1 neutralizing antibody of the drug candidate PBP1710. ...