Coupang reports third profitable quarter in a row

South Korea’s Coupang Inc. on Wednesday reported three quarters of consecutive profits, calming investors' concerns about its cumulative ...

S.Korean kitchen robot startup Wave attracts $3 mn investment

South Korea's kitchen robot startup Wave Lifestyle Technologies announced on Tuesday that it has raised a Series A1 investment of 4 billion won ($3 ...

Korean Air to launch in-flight wi-fi service for int'l routes

Korean Air Lines Co. announced on Tuesday that it will begin in-flight wi-fi service on selected international routes starting from June 1.Korean Ai...

Samsung, LG step up competition for smart TV content

The world’s two largest TV makers Samsung Electronics Co. and LG Electronics Inc. are scrambling to boost their smart TV content to make up fo...

S.Korean gov't proposes nuclear power plant cooperation to Hungary

South Korean Minister of Trade, Industry and Energy Lee Chang-yang discussed ways to strengthen industrial and trade cooperation with Lászl&o...

Wrtn to offer free access GPT-4 conversation services

South Korean generative AI startup Wrtn Technologies announced on Thursday that it will offer unlimited free access to its conversation feature...

Korea’s Hanatour sees 1st profit in over 3 yrs on high-end service

Hanatour Service Inc., South Korea’s top travel agency, enjoyed its first quarterly profit in more than three years as it focused on high-end ...

Asleep forms partnership with National Sleep Foundation of US

South Korea's sleep technology startup Asleep, which was part of an economic delegation accompanying President Yoon Suk Yeol's recent state visit to...

PwC’s S.Korean member to focus on SE Asia acquisition deals

Samil PricewaterhouseCoopers, the South Korean member firm of global accounting industry leader PwC, aims to focus on overseas acquisition deals of ...

Korea’s GEPS to begin investing in global buyout, growth funds

South Korea’s Government Employees Pension Service (GEPS) is set to inject 100 billion won ($74.7 million) to make its first investments in gl...

Korea's Kakao Pay to buy 51% of US financial firm Siebert

Kakao Pay Corp., the mobile payment and digital wallet service unit of South Korean tech giant Kakao Corp., announced on Thursday it has signed an a...

SK Telecom, Golfzon develop AI golf platform

An artificial intelligence platform in South Korea has produced a golfing coach that analyzes and diagnoses problems in swing posture and recommends...

BC Card, KTO to promote mobile payment for foreign tourists

The Korea Tourism Organization (KTO) has announced a new partnership with BC Card and the Korea Easy Payment Foundation to introduce a mobile paymen...

S.Korean gov’t to export domestic tax service system abroad

South Korea's National Tax Service (NTS) is looking to export its world-renowned electronic tax administration system after successfully implementin...

KT launches AI-enabled freight info service Brokarry 2.0

Lolab Co. Ltd., KT's digital logistics subsidiary, released its Brokarry 2.0 freight brokerage and transportation service, which incorporates artifi...

SK Ecoplant aims to cut CO2 emissions from fuel cell power generation

South Korea's SK Ecoplant Co. on Monday said it is conducting a project to recycle a small amount of carbon generated when a fuel cell produces elec...

SK Telecom invests $11 mn in AI startup Scatter Lab

South Korea's SK Telecom Co. announced on Monday a strategic partnership with Scatter Lab, the creator of the AI agent "Luda Lee," following a 15 bi...

Samsung Life buys 20% of French asset manager Meridiam

Samsung Life Insurance, managing 223.1 trillion won ($167.5 billion) in assets, has acquired a 20% stake in Paris-based infrastructure investment fi...

CJ OliveNetworks opens S.Korea's first logistics center with 5G

South Korea's digital service company CJ OliveNetworks on Thursday said it set up the mobile communications network "Ieum 5G" exclusively for busine...

Nexon Games’ Blue Archive surpasses 1 million pre-registrants in China

South Korea’s Nexon Games Co. on Wednesday said the number of pre-registrants for its strategy role-playing game Blue Archive exceeded one mil...

S.Korea’s five major companies form data network alliance

South Korea's five major companies have joined forces to make a combined data product that consolidates their respective information, ranging from c...

LabGenomics, Amorepacific sign gene testing service supply deal

South Korea's molecular diagnostics company LabGenomics Co. announced on Monday that it has signed a gene testing service supply contract with Amore...

Samsung Elec launches foundry package turnkey service

Samsung Electronics Co., the world’s No. 2 foundry player, has begun package turnkey service for contract chip manufacturing as it aims to tak...

S.Korean state-run railroad companies meet Czech Minister of Transport

South Korea's state-run railway companies Korea Railroad (KORAIL) and Korea National Railway (KR) announced on Thursday that they had met with repre...

S.Korean GS, Daebo invest in domestic AI semiconductor firm

South Korea's Sapeon, artificial intelligence (AI) semiconductor subsidiary of SK Telecom Co., said on Wednesday that it has signed a memorandum of ...

S.Korea's online voting service company exports its techs to Kyrgyzstan

South Korea's online voting service company Kevoting announced on Wednesday that its mobile voting platform service was adopted for the local counci...

LG CNS, Microsoft to jointly develop new ChatGPT-based services

South Korea’s largest cloud computing service provider LG CNS Co. announced on Tuesday that it will strengthen its strategic partnership with ...

S.Korea sees release of generic diabetes drugs after Forxiga patent expires

South Korea's pharmaceutical companies are competing to sell generic drugs to raise their presence on the domestic market for diabetes treatment wit...

Korea's InnoGrid to collaborate with Hyosung for cloud business

InnoGrid Co., South Korea's cloud computing and digital transformation (DT) specialist, announced on Friday that it has signed an agreement with dat...

Samsung unveils full 2023 new smart monitor lineup

Samsung Electronics Co. will release a new lineup of smart monitors with significantly enhanced home office and personalized features.According to S...