Samsung Elec to expand foundry business to tackle TSMC

Samsung Electronics Co., the world’s second-largest foundry company, is set to expand production technology of chips for automobiles, sensors ...

LG Energy set to ink graphite deal with Australia’s Syrah Resources

South Korea’s LG Energy Solution Ltd. said on Thursday it has signed an initial agreement to explore graphite procurement from Australia&rsquo...

Hyundai E&C, Holtec embark on detailed design of SMR-160 model

South Korea’s Hyundai Engineering & Construction Co. and its US nuclear reactor partner Holtec International have agreed to start working ...

Korea's LG Chem buys Nasdaq-listed biotech firm AVEO for $566 mn

South Korea’s chemicals giant LG Chem Ltd. announced on Oct. 18 that it will acquire AVEO Pharmaceuticals Inc., a Nasdaq-listed US biotech fir...

Samsung, Qualcomm unveil industry’s fastest LPDDR5X DRAM chip

South Korean tech giant Samsung Electronics Co. said on Tuesday it has successfully proved the performance of its latest LPDDR5X DRAM on Qualcomm Te...

Medipost to expand CDMO business with 10 new clean rooms in Korea

Medipost Co, a South Korean biotechnology company, is expanding its cell and gene therapy contract development and manufacturing organization (CDMO)...

LG Elec speeds up robot biz expansion in logistics sector

LG Electronics Inc., the world’s top home appliance maker, has ramped up expansion of robot applications in the smart logistics sector with it...

Lab-grown fish, smart pillow: LG’s choices for future

Startups making lab-cultured seafood, smart pillows and others showcased their innovative products at an exhibition hosted by LG Group, South Korea&...

Firm dollar deters Korea Inc.’s overseas acquisition deals

The firm dollar is causing South Korean companies to postpone or cancel their plans to buy overseas firms for future growth as the US currency&rsquo...

Hansol Group, KAIST to launch new tech, AI research center

South Korea’s Hansol Group and the Korea Advanced Institute of Science and Technology (KAIST) have agreed to establish a research center to de...

Hanwha Group needs to stay innovative to succeed, CEO says

South Korea’s chemicals-to-defense conglomerate Hanwha Group needs to look ahead and prepare for the next century, its Chairman and CEO Kim Se...

Samsung Biologics opens the world's largest CDMO factory

South Korea’s Samsung Biologics Co.’s new biopharmaceuticals plant launched operations on Tuesday, a move expected to widen the gap betw...

Experts define goal of AI tech development as cooperation with humans

Renowned artificial intelligence (AI) scholar Masashi Sugiyama said his research goal is to develop AI that can work and learn alongside people.Su...

AI-powered translation startups tackle niche marketplaces

Artificial intelligence (AI)-driven translation has been dominated by big tech.Alphabet Inc.’s Google LLC is the global leader while Naver Cor...

LG Energy, POSCO join forces for EV battery business

LG Energy Solution Ltd. and POSCO Holdings Inc. have joined hands to enhance their competitiveness in the global electric vehicle battery sector and...

Samsung Q3 earnings disappoint on weak chip business

Samsung Electronics Co., the world’s top memory chipmaker, missed third-quarter earnings estimates on the weak semiconductor business and its ...

Korea's data solution provider for small biz becomes unicorn

Korea Credit Data (KCD), a South Korean data solutions provider for small business owners, has become a Korean unicorn, or an unlisted company with ...

Samsung says no memory output cut, to widen tech gap with rivals

SILICON VALLEY – Samsung Electronics Co., the world’s top memory chipmaker, is not considering slashing its memory chip production despi...

LG Energy to launch battery swapping services

LG Energy Solution Ltd., a South Korean rechargeable battery maker, has launched two in-house ventures to enter the battery swapping and energy aggr...

Celltrion targets digital healthcare sector with app

Celltrion Inc., South Korea’s biopharmaceutical giant, made a foray into the digital healthcare sector for its future growth by launching a sm...

Naver to buy Poshmark at $1.6 bn to boost US e-commerce biz

Naver Corp. is set to take over US Poshmark Inc. for some $1.6 billion to make inroads into the e-commerce sector in North America as South Korea&rs...

S.Korea rejects patent claims for AI-invented products

South Korea’s intellectual property office has rejected patent applications that claimed an artificial intelligence system as their inventor, ...

Samsung’s new $2.8 bn OLED plant to benefit Korean device makers

South Korea’s electronics equipment manufacturers are set to benefit from Samsung Display Co.’s planned construction of a $2.8 billion n...

Deep learning SaaS provider Z.Ai wins at D.Camp pitch competition

Deep learning-based Software as a Service (SaaS) provider Z.Ai Inc. won the September pitch competition hosted by Seoul-based startup accelerator D....

Korea’s Aju to spin off key building material business

South Korea’s Aju Group is set to split its parent company into a construction material firm and an investment corporation to enhance its prof...

S.Korean conglomerates increase AI R&D hubs overseas

South Korean conglomerates are increasingly looking overseas as bases of their artificial intelligence research centers to build strong networks wit...

LG Display holds digital art exhibition in London

South Korea’s LG Display Co. is holding a digital art exhibition in London for works created on its organic light-emitting diode (OLED) panels...

SK On inks lithium deal with Australian firm for US tax credit

SK On Co., the world’s fifth-largest electric vehicle battery maker, has signed a deal with an Australian lithium producer. Securing the core ...

Korea ramen packet maker inks $1 bn battery material deal

A South Korean instant noodle packet maker has secured a $1 billion deal to supply battery materials to a joint venture between General Motors Co. a...

LG embraces ESG management standards with first groupwide report

South Korea’s fourth-largest conglomerate LG is rapidly embracing environmental, social and governance standards as key criteria in evaluating...