Korea’s AI, robot startups shine despite funding drought

Korea’s AI, robot startups shine despite funding drought

South Korea’s artificial intelligence and robotics startups raised more money through seed rounds than other sectors in August although invest...

Celltrion chairman announces venture into CDMO market

Celltrion chairman announces venture into CDMO market

South Korea’s biosimilar maker Celltrion Inc. will venture into the contract development and manufacturing organization (CDMO) market, the com...

SK Ecoplant sells off stake in Ascend Elements for $98 million

SK Ecoplant sells off stake in Ascend Elements for $98 million

SK Ecoplant Co., a South Korean construction engineering and waste management company under SK Group, has unloaded all its holdings in US-based lith...

Hanwha Systems, WB Group to collaborate on SAR satellites

Hanwha Systems, WB Group to collaborate on SAR satellites

South Korea's Hanwha Systems Co. said on Monday that it signed a mid- to long-term business cooperation memorandum of understanding (MOU) for space ...

SK Earthon wins 2nd oil field exploration bid in Malaysia

SK Earthon wins 2nd oil field exploration bid in Malaysia

SK Earthon Co., the energy resources exploration and production (E&P) unit of South Korean energy giant SK Innovation Co., is accelerating its g...

Hoban partners with Kakao, Bear Robotics for robot-based services

Hoban partners with Kakao, Bear Robotics for robot-based services

Hoban Construction Ltd. announced on Friday that it has signed a business agreement (MOU) with Kakao Mobility and Bear Robotics to standardize the o...

HD Hyundai establishes customization plant in Georgia, US

HD Hyundai establishes customization plant in Georgia, US

South Korea's HD Hyundai XiteSolution said on Friday that its construction equipment affiliates HD Hyundai Construction Equipment Co. and HD Hyundai...

S.Korea's NPS opens fourth overseas office in Silicon Valley

S.Korea's NPS opens fourth overseas office in Silicon Valley

South Korea's National Pension Service (NPS), the world's third-largest pension fund, opened an office in Silicon Valley, San Francisco, on Septembe...

LG Display unveils stretchable display clothing

LG Display unveils stretchable display clothing

South Korea's LG Display Co. on Thursday showcased the futuristic clothing and bag concepts featuring stretchable displays at the 2025 S/S Seoul Fas...

South Korean developers fret over inflow of Indian talent

South Korean developers fret over inflow of Indian talent

South Korea is opening its doors wide to Indian developers, causing some concerns that the inflow of highly talented software developers from the So...

Lotte Energy completes pilot plant for solid-state battery electrolyte

Lotte Energy completes pilot plant for solid-state battery electrolyte

Lotte Energy Materials Corp., one of South Korea’s leading battery materials makers, has completed a pilot plant for the production of sulfide...

CJ Olive Young, Musinsa rivalry heats up in Brooklyn of Seoul

CJ Olive Young, Musinsa rivalry heats up in Brooklyn of Seoul

South Korea’s top beauty chain CJ Olive Young Corp. is turning up the heat against Musinsa to contain the rise of the country’s No. 1 on...

SK Telecom partners with Perplexity to level up conversational search

 SK Telecom partners with Perplexity to level up conversational search

South Korea's largest telecom company SK Telecom Co. will enhance its conversational search services through a partnership with US AI search startup...

S.Korea’s Q2 GDP slows 0.2%, upholds rate cut expectations

S.Korea’s Q2 GDP slows 0.2%, upholds rate cut expectations

South Korea’s economic growth slowed in the second quarter on weaker domestic consumption and investment by private businesses, heightening ex...

Korea Investment Management to launch two India-focused ETFs

Korea Investment Management to launch two India-focused ETFs

Korea Investment Management said on Wednesday it will launch two active exchange-traded funds (ETFs) targeting the Indian market on September 10.The...

Samyang to cement lead in South Korean allulose market

Samyang to cement lead in South Korean allulose market

Samyang Corp., a 100-year-old South Korean chemical and food ingredient-manufacturer, is poised to cement its leadership in the Korean allulose mark...

LVMH, OpenAI, LG deepen ties with S. Korean startups   

LVMH, OpenAI, LG deepen ties with S. Korean startups   

South Korean startups and established corporations are seeking to deepen their partnerships to ensure win-win outcomes, by tapping into funds and ot...

Naver D2SF invests in two N.American AI startups

Naver D2SF invests in two N.American AI startups

South Korea's online giant Naver Corp.'s startup nurturing organization D2SF (D2 Startup Factory) invested in two North American AI startups founded...

LG Uplus unveils new AI serivice for IPTV

LG Uplus unveils new AI serivice for IPTV

South Korea's LG Uplus Corp. unveiled its Media Agent, an artificial intelligence (AI) service for Internet TV (IPTV).The company's AI assistant is ...

POSCO to invest in Tanzanian mine to cut Chinese graphite imports

POSCO to invest in Tanzanian mine to cut Chinese graphite imports

POSCO Group, South Korea’s steel and battery material conglomerate, is set to invest in the world's second-largest graphite reserve, in Tanzan...

Daewoo E&C, CSCEC to collaborate on overseas projects

Daewoo E&C, CSCEC to collaborate on overseas projects

South Korea's Daewoo Engineering & Construction Co. (Daewoo E&C) said on Tuesday that it signed a memorandum of understanding (MOU) the prev...

Suprema wins security projects in African countries

Suprema wins security projects in African countries

South Korea’s Suprema Inc., an artificial intelligence (AI)-based security company, said on Monday it won a contract to supply its fingerprint...

Samsung, SK Hynix ramp up DRAM business on rapid AI growth

Samsung, SK Hynix ramp up DRAM business on rapid AI growth

Samsung Electronics Co. and SK Hynix Inc.,the world’s two largest memory chipmakers, are expanding their dynamic random access memory business...

KCC develops automated painting robot

KCC develops automated painting robot

South Korean chemical and auto parts maker KCC Corp. said on Monday that it developed the country's first autonomous painting robot Smart Canvas.T...

LS Electric falls sharply on first day of inclusion in MSCI Korea index

LS Electric falls sharply on first day of inclusion in MSCI Korea index

LS Electric Co. plunged more than 9% on Monday, the first day of its inclusion in the Morgan Stanley Capital International (MSCI) Korea Index.On the...

SK Networks' automotive division launches as SK SpeedMate

SK Networks' automotive division launches as SK SpeedMate

South Korea's SK Networks Co. completed a split-off of its automotive maintenance division, which has now launched as a new company named SK Speed...

NPS logs 9.71% return in H1 led by US tech stocks

NPS logs 9.71% return in H1 led by US tech stocks

National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, posted a 9.71% investment return for the first half of ...

POSCO Int'l wins first credit rating from S&P, Moody's

POSCO Int'l wins first credit rating from S&P, Moody's

South Korea's POSCO International Corp. said on Thursday that it received its first-ever credit ratings from Standard & Poor's (S&P) and Moo...

Lotte to hold Korea Shopping Festa in Vietnam

Lotte to hold Korea Shopping Festa in Vietnam

South Korea's Lotte Group holds "2024 Korea Shopping Festa with Lotte" in Hanoi, Vietnam. The group and the Korean Ministry of SMEs and Startup...

Hyundai Mobis showcases 42 new techs utilizing AI, VR

Hyundai Mobis showcases 42 new techs utilizing AI, VR

South Korea's Hyundai Mobis Co. said on Thursday that it held the M-Sphere 2024 exhibition at its Uiwang Research Center in Gyeonggi Province from...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race