Hyundai, Kia to apply BMS to all EVs for fire prevention

Hyundai Motor Group, the world’s third-largest automaker, plans to install its battery management system (BMS) in all its electric vehicles to...

Hanwha Aerospace to spin off non-core units for defense sector

Hanwha Aerospace Co., South Korea’s answer to Elon Musk’s SpaceX, has decided to separate its non-core units to concentrate on the defen...

SK Telecom releases Liberation Day remastering video

South Korea's SK Telecom Co. restored footage and audio from around the time of the country's liberation in 1945, allowing modern audiences to share...

NCSOFT develops new game Doguri Adventure

South Korea’s major game developer and publisher NCSOFT Corp. has begun developing a casual game Doguri Adventure, featuring the character bra...

Lunit participates in Singapore's AI diagnostic solution project

Lunit, a South Korean cancer diagnostics AI company, announced on Wednesday that it solely participates in a chest X-ray reading workflow improvemen...

Korean Air, L3Harris to introduce more AEW&C aircraft

South Korean airliner Korean Air Lines Co. held the Industry Day in Seoul on Wednesday with the US-based defense company L3Harris to discuss South K...

Hyundai Mobis’ sustainability pledge for a better tomorrow  

Hyundai Mobis Co.'s efforts to build a better tomorrow don't stop at developing future mobility technologies like autonomous driving, connectivity a...

7-Eleven ratchets up sports marketing to take on GS25, CU

7-Eleven, the third-largest convenience store chain in South Korea, is challenging its bigger rivals GS25 and CU, attracting customers with Hello Ki...

Google to target global webtoon sector with Korean creators

BENGALURU – Google is teaming up with South Korean creators to target the global webtoon industry, spurring expectations that global Big Tech ...

Food giant CJ CheilJedang's profits rise for 3rd straight quarter

South Korean food giant CJ CheilJedang Corp.'s quarterly operating profit increased for the third consecutive quarter, reversing a decline in the th...

RaonSecure wins order for Indonesia's digital ID project

South Korean cybersecurity firm RaonSecure Co. announced on Tuesday that it secured a project for Indonesia's integrated digital identity (ID) servi...

Costco sells Celltrion's Yuflyma Low WAC in US

South Korea's Celltrion Inc. announced on Tuesday that its autoimmune disease treatment Yuflyma (Low WAC, active ingredient adalimumab) is now avail...

Korean pension subscribers show ultra-low risk tolerance

South Korean pension plan subscribers prefer to protect their money rather than taking risks for capital gains despite the government's effort to en...

Rainbow Robotics develops 4-legged counter-terrorism robot

Samsung Electronics Co.-backed Rainbow Robotics Co. has delivered its multi-legged counter-terrorism robots to the South Korean Army as it gears up ...

S.Korea, Vietnam complete Smart City Cooperation Center in Hanoi

The South Korean Ministry of Land, Infrastructure and Transport announced on Tuesday that it completed the construction of the Korea-Vietnam Smart C...

Doosan Fuel Cell wins $73 mn hydrogen fuel cell contract

South Korea's Doosan Fuel Cell has secured a 100 billion won ($72.93 million) contract for the maintenance of hydrogen fuel cells, the company said ...

Korean shipbuilder Samsung Heavy resumes Asia push

Samsung Heavy Industries Co., a leading South Korean shipbuilder, is set to resume investments in its China-based facilities while considering launc...

SK Telecom, Nokia to cooperate on AI-based network tech

South Korea's SK Telecom Co. announced on Monday that it signed a memorandum of understanding (MOU) with Nokia to commercialize the wired network AI...

Korea’s Ssangyong C&E exports eco-friendly limestone cement to US

Ssangyong C&E Co., a leading South Korean cement maker, said on Monday it has exported 30,000 tons of low-carbon limestone cement to the US &nda...

SkyLake offers to fully take over BusinessOn; stock rallies

Seoul-based private equity firm SkyLake Equity Partners has offered to buy the remaining shares of BusinessOn Communication Co., South Korea’s...

Carlyle, Keppel, IMM stay in final race for Ecorbit

Carlyle Group, a union of Hong Kong-based Keppel Corp. and Gaw Capital Partners and a consortium of IMM Investment and IMM Private Equity are the th...

HD Hyundai Mipo to build Korea’s first LCO₂ carrier

HD Hyundai Mipo Co., formerly Hyundai Mipo Dockland Co., has embarked on the construction of South Korea’s first liquefied CO₂ (LCO₂) carrier,...

Korea seeks to curb China's offshore wind farm dominance

South Korea will prioritize non-price factors such as economic security and contributions to the domestic supply chain over bidding prices when sele...

LIG Nex1, Palantir join forces on AI weaponry

LIG Nex1 Co., a leading South Korean defense contractor, is teaming up with US artificial intelligence (AI) specialist Palantir Technologies to deve...

Kakao to launch conversational AI platform for B2C commerce

South Korean mobile platform giant Kakao Corp. said on Thursday that it will accelerate its artificial intelligence push by launching a conversation...

SGC E&C secures $189 mn petrochem facility project in Saudi Arabia

SGC Engineering & Construction (E&C), a specialist in design, procurement and construction (EPC), said on Thursday that it has signed a cont...

Hyundai Elevator joins forces with Kakao Mobility for integration services

South Korea's Hyundai Elevator Co. said on Thursday that it has signed a memorandum of understanding (MOU) with Kakao Mobility Corp. to commercializ...

Korean firms rush to sell bonds with yields at over 2-yr low

South Korea’s corporate bond markets are having an unusually busy summer as companies are rushing to sell debts to lock in lower interest cost...

LG Innotek, Ansys forge digital twin technology partnership

South Korea's LG Innotek said on Thursday that it would expand the use of digital twin technology across its operations, partnering with engineering...

Samsung SDS gains AI management system certification

Samsung SDS Co. announced on Thursday that it has become the first company in South Korea's IT service industry to receive the ISO/IEC 42001 certifi...