SK Telecom taps AI expert as new technology chief

SK Telecom taps AI expert as new technology chief

SK Telecom Co., South Korea's top mobile carrier, has tapped its e-commerce arm's chief executive and artificial intelligence (AI) expert Lee Sang-h...

From TV to window: New displays from Samsung and LG

From TV to window: New displays from Samsung and LG

Samsung Electronics Co. and LG Display Co., the two archrivals in the TV panel market, are unveiling new displays with enhanced picture and sound qu...

Pension funds sell net $21 bn worth of shares in 2021

Pension funds sell net $21 bn worth of shares in 2021

South Korea’s pension funds sold a net 24.5 trillion won ($20.6 billion) worth of Kospi and Kosdaq stocks this year, the largest annual ne...

LG Display reveals 30% brighter OLED EX

LG Display reveals 30% brighter OLED EX

LG Display Co. revealed a 30% brighter OLED panel during Wednesday’s press event. During the media event held in Seoul’s LG Science...

CJ Group promotes chairman’s son, signals 3rd-generation succession

CJ Group promotes chairman’s son, signals 3rd-generation succession

South Korea's CJ Group promoted the group chairman's son Lee Sun-ho to a new executive-level position Monday, paving the way for a third-generatio...

E-Mart in exclusive talks to buy US food company

E-Mart in exclusive talks to buy US food company

South Korea's largest supermarket chain E-Mart Inc. has spent nearly $4 billion on acquisition deals so far this year, including the $3 billion purc...

Korea’s IPO market renews record highs

 Korea’s IPO market renews record highs

South Korea’s initial public offering market continues to rewrite history this year. More than 20 million people have participated in the...

LG Innotek shares surge on anticipation of Apple Car, new iPhone 

LG Innotek shares surge on anticipation of Apple Car, new iPhone 

Shares of Korean companies supplying parts to Apple rose sharply on Thursday. The jump comes on the back of robust iPhone sales and buzz that the ...

VCs in Korea shell out in search of next unicorns

VCs in Korea shell out in search of next unicorns

2021 has been a heyday for Korea’s startup ecosystem – especially for the VCs that invest in it. In the first three quarters of this ye...

POSCO puts stability above reform in management overhaul

POSCO puts stability above reform in management overhaul

South Korea’s steel giant POSCO has chosen stability over reform in its latest management overhaul, retaining most chief executives at group a...

Indian startups: Korean VCs' new target after China

Indian startups: Korean VCs' new target after China

South Korean venture capital firms and online giants are flocking to startups in India, a country with the world's second-largest population and low...

Hyundai Oilbank to build LNG-hydrogen power plant for $335 mn

Hyundai Oilbank to build LNG-hydrogen power plant for $335 mn

South Korean refiner Hyundai Oilbank Co. plans to build an eco-friendly power plant fueled with liquefied natural gas (LNG) and blue hydrogen to mee...

3D tech firm Koh Young wins highest ESG rating two years running

3D tech firm Koh Young wins highest ESG rating two years running

Koh Young Technology Inc., a South Korean 3D image measurement tech company listed on the Kosdaq, has earned the highest AA rating from Sustinvest, ...

Energy-saving chips emerge as new battleground

Energy-saving chips emerge as new battleground

Environmental, social and governance (ESG) requirements are expected to drive high-performance chip demand higher, in particular from data center op...

Credit Suisse promotes two MDs in Seoul

Credit Suisse promotes two MDs in Seoul

Credit Suisse Group AG has appointed two South Koreans as new managing directors (MD) for its Seoul office. Shim Jong-min and Kim Sei-won were promo...

SK Hynix makes industry’s highest density 24Gb DDR5 DRAM chip

SK Hynix makes industry’s highest density 24Gb DDR5 DRAM chip

South Korea’s SK Hynix Inc. said on Wednesday it has shipped samples of 24 Gigabit (Gb) double data rate 5 (DDR5) DRAM, the industry’s h...

Hyundai’s new Genesis G90: Epitome of luxury design identity

Hyundai’s new Genesis G90: Epitome of luxury design identity

After an exterior peek of its new Genesis sedan G90 last month, Hyundai Motor Co. on Tuesday fully unveiled the flagship luxury model, its first mod...

Robotics shares climb on back of Samsung interest

Robotics shares climb on back of Samsung interest

Shares of Korean robot makers jumped this week following a tech giant’s decision to extend resources on its robotics department. Invest...

POSCO CEO says split-off units will never be listed

POSCO CEO says split-off units will never be listed

POSCO Group Chairman and Chief Executive Choi Jeong-woo on Monday reaffirmed the group's determination not to list on the stock market the steelmaki...

KAIST to establish New York campus by 2025

KAIST to establish New York campus by 2025

Korea Advanced Institute of Science & Technology (KAIST), a prestigious national research university in South Korea, is slated to establish a ...

Samsung launches merged set division as DX; robotics new growth driver

Samsung launches merged set division as DX; robotics new growth driver

Samsung Electronics Co. has officially launched its new set division, which combines its mobile and consumer electronics businesses into a single un...

Mortgage loan growth slows to near four-year low in November

Mortgage loan growth slows to near four-year low in November

Mortgage loan growth at banks in South Korea slowed to near a four-year low in November, on the back of tightened lending rules and an interest rate...

Hyundai Mobis to unveil two future concept cars via metaverse at CES 2022

Hyundai Mobis to unveil two future concept cars via metaverse at CES 2022

South Korea’s largest auto parts maker Hyundai Mobis Co. said on Wednesday it is unveiling two future mobility concept cars at the upcoming CE...

BNK and KTB jointly buy UBS tower in New Jersey for $219 mn

BNK and KTB jointly buy UBS tower in New Jersey for $219 mn

South Korea’s BNK Asset Management Co. acquired UBS Financial Services tower in New Jersey for $219 million from US real estate developer Hart...

Metaverse emerges as promising yet uncertain new world for investors

Metaverse emerges as promising yet uncertain new world for investors

Virtual realms known as the metaverse that have become the hot topic for tech companies also are winning a new fan base among investors.SoftBank Gro...

KTB Network to list at bottom of price range

KTB Network to list at bottom of price range

KTB Network Co., South Korea's first-generation venture capital firm, priced its public offering price at the bottom of the guidance range as the re...

POSCO Chemical, GM to launch new battery material JV in US

POSCO Chemical, GM to launch new battery material JV in US

South Korea’s POSCO Chemical Co. said on Thursday it is forming a new joint venture with US top automaker General Motors Co. to produce cathod...

Hyundai Mobis unveils foldable steering wheel

Hyundai Mobis unveils foldable steering wheel

South Korea’s Hyundai Mobis Co., an auto parts unit of Hyundai Motor Group, has unveiled a foldable steering wheel along with other technologi...

NPS adds Warburg Pincus as real estate asset manager in Q3

NPS adds Warburg Pincus as real estate asset manager in Q3

The National Pension Service added New York-based private equity firm Warburg Pincus LLC to its pool of 58 global real estate investment manager...

Samsung’s new auto chip mounted in Volkswagen’s infotainment system

Samsung’s new auto chip mounted in Volkswagen’s infotainment system

Samsung Electronics Co. is supplying one of its latest advanced chips to Volkswagen AG for the German carmaker’s in-vehicle infotainment syste...

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