LG, FuriosaAI to jointly develop next-generation AI chip

LG AI Research Institute announced on Wednesday its strategic alliance with FuriosaAI, South Korea’s fabless chip designer. The partnership ...

LG Energy, Novonix join hands for US EV battery material

LG Energy Solution Ltd., the world’s third-largest electric vehicle battery maker, has teamed up with Novonix Ltd., an Australian cell ingredi...

Samsung Biologics to double production by 2032; eyes ADCs, M&As

BOSTON – Samsung Biologics Co., the world’s No. 1 contract drugmaker, plans to more than double its total annual production capacity to ...

Korean Air says it can conclude Asiana takeover via big concessions

The head of Korean Air Lines Co. has expressed confidence over the airliner's proposed acquisition of Asiana Airlines, saying, "We will make it happ...

LG CNS, Honeywell collaborate on smart factory

LG CNS Co., the information technology service arm of LG Group, is enhancing production efficiency and security in smart factories through collabora...

Hyundai Mobis to expand vehicle module facility in S.Korea

South Korea’s Hyundai Mobis Co. will build its third automotive module plant in Ulsan, South Korea, where its parent Hyundai Motor Group opera...

KT, Naver chosen as suppliers of S.Korea’s hyperscale AI project

South Korean Ministry of Science and ICT and the National Information Society Agency (NIA) have enlisted four tech enterprises — KT Corp., Nav...

S.Korea to seek expansion of healthcare package export

South Korean government has set a goal to expand medical service exports by attracting 700,000 foreign patients and receiving 70 applications of ove...

Samsung Electronics makes 17-fold gains from investment in ASML

Slightly more than a decade ago, ASML Holding N.V. had to reach out to its customers such as Samsung Electronics Co., Intel Corp. and Taiwan Semicon...

POSCO launches first product from its low-carbon Greenate brand

South Korea's top steelmaker POSCO on Sunday launched the first product from its low-carbon brand Greenate.Greenate features distribution-type produ...

Bredis Healthcare, Tilda win June D.Day, Korea’s oldest startup pitch race

An early-stage startup by young entrepreneurs who developed a digital diagnostic tool for brain disease and an AI-powered business optimization prog...

S.Korea's new hybrid car registrations in May exceed diesel's for first time

The number of newly registered hybrid cars in South Korea overtook that of diesel cars for the first time thanks to consumer focus on such models,...

Breitling launches 2nd Korea limited edition watch in 2023

Breitling, a luxury Swiss watchmaker, has launched a limited edition of one of its flagship models, the Chronomat B01 24, in South Korea, marking th...

POSCO-GM JV to double cathode output, build precursor plant

South Korean battery materials producer POSCO Future M Co. said on Friday it will inject 1 trillion won ($765 million) into its joint venture with G...

Fifty Fifty label seeks investment from Silicon Valley

The South Korean label behind K-pop rookie sensation Fifty Fifty is looking to Silicon Valley for investment as the four-girl band, already with a l...

S.Korea, Japan to resume finance ministers' meeting

South Korea's Ministry of Strategy and Finance announced on Friday that Kim Seong-wook, the ministry's Director of the Office of International Finan...

LG Chem’s CEO searches for talent in Japan to lead new growth engines

Vice Chairman and CEO Shin Hak-cheol of South Korea's largest chemical company LG Chem Ltd. is looking for talent in Japan to lead his company's thr...

Korea inflation at 19-mth low; casts doubts over rate hike

South Korea’s headline inflation fell for a fourth straight month in May to a 19-month low amid continuous signs of a slowdown in Asia’s...

S.Korea's Tada ride-hailing app introduces English service for foreigners

South Korean ride-hailing platform TADA, operated by VCNC, announced on Thursday the introduction of an English language service to its app, in a mo...

South Korea hosts first Universo Ferrari exhibition in Asia

For the first time in Asia, South Korea is hosting an event featuring the history of the Italian sports car brand Ferrari.Ferrari on Thursday opened...

S.Korea's trade deficit hits 15th straight month

South Korea last month suffered its 15th straight month of trade deficit, its longest streak since the 1997-98 Asian financial crisis, due to the de...

South Korea’s Hyundai Elevator applies AI to boost customer convenience

"Miri is a leading example of digital transformation in the elevator sector that raises a notch service speed and customer convenience. Let’s ...

LG Energy to expand smart factory systems to N.America JVs

South Korea’s LG Energy Solution Ltd. will introduce smart manufacturing systems to all its joint venture battery plants under construction in...

S.Korea opens logistics center at Surabaya port, Indonesia

South Korea said it opened a logistics center at a port in Surabaya, Indonesia, to support exports to Southeast Asia’s top economy.The Ministr...

S.Korea to bolster biotech R&D, benchmarking US' Boston

South Korea is poised to boost the biotech industry by accelerating research, education and business partnerships with the biopharmaceutical sector ...

Korea's sovereign wealth fund directly exercises voting rights for first time

Korea Investment Corporation (KIC), the South Korean sovereign wealth fund, has begun actively exercising its voting rights in invested companies.Ac...

Toray to move into battery separator business

Toray Advanced Materials Korea Inc., a South Korea-based producer of chemical materials and technology products, is entering the battery separator f...

S.Korea's Mirae Asset, Hana Financial Group form security token tie-up

South Korea's Mirae Asset Securities on Thursday said it signed an agreement with Hana Financial Group on the security token consortium Next Finance...

LG Innotek develops flexible vehicle lighting Nexlide-M

South Korea's electronic component maker LG Innotek on Wednesday announced the release of Nexlide-M, or a flexible 3D lighting component for vehicle...

Korean AI startup ActionPower poised to outdo OpenAI, Google: CEO

ActionPower Corp. founded in 2016 is small and young compared to Big Tech companies or heavily funded startups like OpenAI but it is mighty enough t...