Korea's Daedong to speed up growth with smart farming machines
Daedong Corp., South Korea’s top agricultural machinery manufacturer, aims to accelerate growth based on new businesses such as smart machines...
KTO steps up Korean tourism promotion in Saudi Arabia
The Ministry of Culture, Sports and Tourism, along with the Korea Tourism Organization (KTO), are accelerating their efforts to promote Korean touri...
SM puts cash cows up for sale as conflict with founder heats up
SM Entertainment Co., mired in conflict with its founder and former Chief Producer Lee Soo-man, is seeking to sell its shares in three key arms, wor...
Korea's Yoon presses banking, telecom sectors over inflation
South Korean President Yoon Suk-yeol on Wednesday called for measures to stabilize mounting price pressure caused by "oligopolies" in the banking an...
LG Innotek targets XR device market with new substrate
South Korea’s LG Innotek Co. aims to lead the market for components of the extended reality (XR) device industry, which is expected to surge b...
AMCHAM head James Kim joins Hyundai Mobis as outside director
James Kim, chairman of the American Chamber of Commerce in Korea (AMCHAM), is joining South Korea’s largest auto parts maker Hyundai Mobis Co....
POSCO ties up with Aussie firm on US EV cell mineral project
South Korea’s POSCO Group has joined hands with an Australian company to work on an electric vehicle battery material project in the US as it ...
Korea’s Hyundai Dept. Store drops holding company plan
South Korea’s major retailer Hyundai Department Store Group Co. gave up a plan to split off its core high-end shopping mall affiliate and conv...
S.Korea doubles undocumented overseas remittance limit to $100,000
South Korea as early as June will double its annual limit on overseas remittance without evidential documents from $50,000 to $100,000.The Ministry ...
Daewoong Pharma wins permission from Singapore for Nabota
South Korea's drug development company Daewoong Pharmaceutical said on Thursday that it received on Jan. 20 product approval for its botulinum toxin...
Oasis IPO draws tepid interest from institutional investors
South Korean grocery delivery platform Oasis Corp. saw lukewarm interest from domestic institutional investors during the Feb. 7-8 bookbuilding for ...
S.Korean firms showcase hydrogen offerings in United States
South Korean energy ministry and major Korean companies including Hyundai Motor Co., SK E&S, and Korea Zinc Co. participated in the Hydrogen &am...
Chanel Korea to power its stores with renewable energy
Chanel Korea has taken a step toward reducing its carbon footprint by signing a memorandum of understanding (MOU) with Korea East-West Power. The ag...
FKI to be more open, future-minded and international as part of reform
South Korea’s major business lobby group the Federation of Korean Industries (FKI) will become a more open and future-oriented business group ...
Mirae Asset Securities signs long-term REC purchase contract
Mirae Asset Securities signed a long-term purchase agreement for solar renewable energy certificates (RECs) with Sunset Energy on Tuesday. Sunset En...
SK Ecoplant changes North American corporation name
SK Ecoplant Co., a construction company of S.Korea's SK Group, said on Monday that it would change the name of its North American corporation BETEK,...
LS Electric receives int'l certification for R&D process security
LS Electric Co., a South Korean electric power and automation equipment maker, has achieved a major milestone by obtaining international standard ce...
S.Korea's high-tech firms flood to US with heavy spending plans
South Korea’s large business groups are flooding to the US, with their pledged investments there exceeding $100 billion for the next two years...
Lotte Ineos Chemical to expand vinyl acetate monomer plant
Lotte Ineos Chemical, South Korea's lone maker of acetic acid and vinyl acetate monomer (VAM), on Monday said it will expand its VAM output capacity...
Toray Korea to boost PPS resin production with expansion plan
Toray Advanced Materials Korea (TAK) has announced plans to increase its annual production capacity of polyphenylene sulfide (PPS) resin by 5,000 to...
Korea to legalize security token for fractional investment
South Korea is set to allow all kinds of fractional investments next year through the legalization of a security token (ST), a digital form of tradi...
Daewoong receives approval for its GERD drug Fexuclue in Ecuador
Daewoong Pharmaceutical said Friday that it has obtained marketing authorization from Ecuador's National Agency for Health Regulation, Control and S...
S.Korea's NIA to extend IT cooperation project with Kazakhstan
South Korea's state-run research institute National Information Society Agency (NIA) said on Friday that it had signed an agreement with Kazakhstan'...
Doosan Bobcat moves into European market with compact tractors
Doosan Bobcat's small tractors for agriculture and landscaping will enter the European market. After entering America's ground maintenance equipment...
Prestige Biopharma submits clinical trial plan in Australia
Prestige Biopharma, a Singapore-based biopharmaceutical company with operations in South Korea and the US, has applied to the Australian clini...
Korea’s new EV subsidy plan favors Hyundai over Tesla, other imports
South Korea is revising its electric vehicle subsidy plan in a way that favors local cars such as the Hyundai IONIQ 6 over imported vehicles, includ...
KAL introduces self-service bag drop for domestic flights
South Korea's flagship carrier Korean Air Lines Co. is the first airline in the country to adopt self-service bag drop on domestic flights.The compa...
S.Korea's online K Bank withdraws plan for Kospi listing
South Korea's K Bank has withdrawn its highly anticipated plan to hold an IPO this year in the judgement of a lower corporate value due to the slugg...
SeAH begins construction on stainless steel pipe plant in Saudi Arabia
SeAH Gulf Special Steel Industries (SGSI), a joint venture between South Korea's SeAH CSS and Saudi Arabian oil giant Aramco, has broken ground on a...
SK C&C joins hands with Microsoft for digital healthcare solutions
SK C&C, an IT services unit of SK Group, said on Thursday that it had signed an agreement with Microsoft Korea to advance into the global market...
