KT, Amano Korea join hands to develop smart parking solutions
South Korean telecom operator KT Corp. announced on Wednesday that it has signed a business agreement with parking control system specialist Amano K...
Samsung, SK Hynix look to China exit plans as growth stunted
Samsung Electronics Co. and SK Hynix Inc., the world’s two largest memory chipmakers, are in quandary over their growth strategies in China fo...
Korea Western Power lands nation's first solar power order in Oman
Korea Western Power Co. (KOWEPO) has won its country's first project in solar power generation in Oman.The company on Tuesday announced its successf...
S.Korea's Oasis posts surplus for second straight year
South Korea's Oasis Corp., a grocery delivery platform specializing in early morning shipments, on Tuesday said it posted last year operating profit...
Oil from S.Korea’s red ginseng alleviates prostate enlargement: study
Oil from South Korea’s famous hongsam (red ginseng) can prevent enlargement of the prostate, according to a study. A joint research team ...
Elon Musk’s SpaceX set for tie-up with KT SAT for Starlink service in Korea
SpaceX, the rocket and spacecraft manufacturer founded by Tesla Inc. Chief Executive Elon Musk, will likely join forces with KT Corp. to lau...
SK Pharmteco again seeks $382 mn in pre-IPO funding
SK Pharmteco Co., a contract development and manufacturing organization (CDMO), is eyeing pre-initial public offering funding again after it dropped...
Korea's Kooksoondang sees its makgeolli exports surpass $10 mn mark
Kooksoondang Co., a South Korean brewery that produces traditional rice-based wines, announced on Tuesday that its exports reached an all-time high ...
Korea's LG CNS launches cloud cost optimization service
LG CNS, a South Korean company specializing in digital transformation, announced on Tuesday the launch of its new service called "FinOps" Clinic.Fin...
Apple Pay to shake up S.Korea's digital payment market
The launch of Apple Pay in South Korea on Tuesday is poised to shake up the country’s digital payment market as the sector leader Samsung Pay ...
Korea’s Micro Digital to supply bioreactors to major US firm
Micro Digital Co., South Korea’s only bioreactor maker, is set to ink a supply deal with a major US biopharmaceutical producer to expand its g...
S.Korea's brewery Seoul Jangsu forms marketing tie-up with fashion industry
With South Korea's traditional milky rice wine makgeolli seeing its second heyday centered on the 20- and 30-something crowds, marketing tie-ups tar...
Korea's KSOE lands $240 mn order for LPG carriers
Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding intermediate holding company of South Korea's HD Hyundai Group, said on Monday ...
NHN, KT, Naver to jointly build AI semiconductor farm
Three large cloud service providers (CSPs) in South Korea will participate as a team in the project K-Cloud pursued by the government to verify dome...
S.Korea's STX to spin off shipping division
South Korea's general trading company STX Corporation has announced plans to divide its shipping division into a new company specializing in shippin...
S.Korea’s KCC develops AI-based color matching system
South Korea’s chemical and auto parts maker KCC Corp. on Monday said it developed the K-Smart system of using an artificial intelligence (AI)-...
Hyundai Motor, Lotte chairs rank as S.Korea’s highest-paid heads
Hyundai Motor Group Chairman Chung Euisun was ranked as South Korea’s highest-paid business owner in 2022 thanks to the group's record-high pr...
Startup Innospace launches Korea’s first private projectile
South Korean space startup Innospace said on Monday it has launched a suborbital test projectile, the country’s first private launch vehicle, ...
Lotte Global Logistics establishes resource recycling platform in Korea
South Korea's Lotte Global Logistics has established a resource recycling platform across ten logistics centers. The company has introduced the solu...
Toray Advanced Materials acquires S.Korea's water treatment company
Toray Advanced Materials Korea Inc. announced on Monday the acquisition of Hanmee Entec Co., Ltd., the industry's longest-running water treatment fa...
Two global shareholder voting advisors oppose activist funds in S. Korea
Institutional Shareholder Services (ISS) and Glass Lewis, the world's two biggest advisory bodies for shareholder voting rights, have recommended op...
S.Korea confirms easing inflation; BOK to hold rate
South Korea confirmed that inflation eased while Asia’s fourth-largest economy continued to slow, adding to expectations that the government m...
LG Elec to spend over $4 bn on capex in 2023, biggest in a decade
LG Electronics Inc. has decided to go bold to widen the technology gap with its rivals, with its biggest capital expenditure in a decade of more tha...
Korea to ease foreign ownership limit rules; MSCI upgrade eyed
South Korea plans to ease regulations that limit foreign ownership of big companies deemed crucial to its economy as the government aims to align it...
Korea's LifeSemantics establishes health functional food subsidiary
Digital healthcare company LifeSemantics Co. has entered the health functional food business by creating a new subsidiary, NutraSemantics. The South...
MBK to acquire Korea’s top FCCL maker NexFlex for $407 mn
MBK Partners agreed to buy NexFlex Co., South Korea’s top flexible copper-clad laminates (FCCL) producer, as the leading Northeast Asian priva...
S.Korea's Naver gets global compliance certification
South Korea’s top search portal Naver Corp. said on Friday that it had received a global certification for its compliance management system fr...
Upstage’s AskUp offers Korea’s first GPT-4-powered chatbot service
Upstage, a South Korean AI tech startup, has unveiled a new version of its generative AI chatbot powered by GPT-4, to become the first to offer Open...
HD Hyundai forms S.Korea's first integrated carbon footprint team in shipbuilding
South Korea's HD Hyundai Co. has teamed up with domestic shipbuilders and classification societies to form the first integrated "carbon footprint" t...
S.Korea's Air Premia to launch Incheon-New York route in May
Air Premia, a South Korean hybrid service carrier, announced on Friday the launch of a new air route between Incheon and New York from May 22. ...
