Samsung Chairman Lee to meet new premier in China

Samsung Electronics Co. Chairman Jay Y. Lee arrived in Beijing on March 23 to review the chipmaker’s business in China, which is gradually rec...

S.Korea to benefit from rising global defense spending

South Korea is expected to log another year of record defense exports in 2023 thanks to growing military budgets across the world as local major arm...

S.Korea's Amorepacific opens new space in metaverse

Amidst the accelerated entry of fashion and beauty brands into the metaverse to seize future opportunities, Amorepacific Corp. has also joined the b...

S.Korea's CGBio exports $8 mn filler to Australia, New Zealand

CGBio, a South Korean bio-regenerative medical company, announced on Thursday that it has signed a contract to export its hyaluronic acid (HA) fille...

Saudi Arabia emerges as land of opportunity to Korean startups

South Korean startups rush to the Kingdom of Saudi Arabia, where the government is keen to nurture startups with innovative and disruptive ideas and...

Lotte Confectionery to rebrand as Lotte Well Food

South Korea's Lotte Confectionery Co. will change its name to Lotte Well Food, effective April 1, according to an announcement made on Thursday. The...

SK Telecom establishes 5G open RAN indoor demonstration network

South Korean telecom giant SK Telecom Co. has established a 5G open RAN indoor demonstration network at its Bundang headquarters, according to an an...

Ssangyong Motor changes name to KG Mobility

South Korea’s Ssangyong Motor Co., whose new owner is KG Group, has renamed itself KG Mobility, its first name change in 35 years.With its new...

Samsung’s new Exynos chipset enables short-range wireless connectivity

South Korean tech giant Samsung Electronics Co. on Tuesday unveiled a new chipset under its Exynos line that enables much shorter-range wireless con...

Samsung Electronics’ new C-Lab Outside center opens in Gwangju

Samsung Electronics Co. on Monday opened its second regional C-Lab Outside center in Gwangju about a month after opening the first regional startup ...

HD Hyundai to rename subsidiaries to boost brand identity

HD Hyundai Co., a South Korean conglomerate that operates in shipbuilding, construction equipment, oil refining and other sectors, plans to rename i...

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. ...

Korea EV cell makers unveil new products to expand market

South Korea’s electric vehicle battery makers on Wednesday unveiled prototypes of new products, especially lithium iron phosphate (LFP) models...

Hyundai Const. Equipment unveils new BI, slogan at CONEXPO 2023

Hyundai Construction Equipment Co., a construction equipment subsidiary of HD Hyundai Co., announced on Thursday the release of its new brand identi...

Korea Ginseng Corporation opens new R&D center in California

Korea Ginseng Corporation (KGC), a leading producer of Korean ginseng products, said on Wednesday that it has opened a new research and development ...

LG Electronics showcases new products in Dubai

LG Electronics Inc. held a two-day event in Dubai to unveil its latest products and solutions for the Middle East and African markets.The South Kore...

Once a videotape maker, Cosmo reborn as battery materials firm

Cosmo Advanced Materials & Technology Co., once the world’s largest video and cassette tape maker, has transformed into a money-making man...

Samsung Electronics establishes new LSI chip research center in Japan

Samsung Electronics Co. has established a new semiconductor research center in Japan, combining two existing research and development institutes int...

Qoo10 to buy another Korean rival for unit’s Nasdaq listing

Southeast Asia-based e-commerce platform Qoo10 Pte. Ltd. is poised to take over a smaller South Korean rival through a stock swap deal, in a bid to ...

S.Korean sovereign wealth fund KIC to set up Mumbai office

Sovereign wealth fund Korea Investment Corporation (KIC) has kicked off procedures to open a Mumbai-based office later this year, The Korea Economic...

Samsung Electronics unveils new flagship soundbar

South Korean electronics giant Samsung Electronics Co. said on Monday that it has launched a new premium soundbar model for 2023, featuring technolo...

SK Networks renames its EV charger unit to SK Electlink

SK Networks Co., the general trading and rental arm of South Korea’s third-largest conglomerate SK Group, said on Monday that it has changed t...

Ssangyong E&C wins contract for building ASML Korea campus

Ssangyong Engineering & Construction, a South Korean builder, said on Monday that it has secured a 200-billion-won ($170-million) contract to co...

LG Chem mulls shuttering in-vitro diagnostics business

LG Chem Ltd. is considering an exit from the in-vitro diagnostics market to focus more on novel drug development as it lagged its smaller local riva...

Samsung, Arm partner Gaonchips eyes US as next offshore base

Gaonchips Co., a long-term Samsung Electronics Co’s chip design house partner that also works with British fabless chip company Arm Inc., will...

System on chips: Samsung’s new high-stakes foundry business

Samsung Electronics Co. is setting its sights on system on chips (SoCs) to continue to drive growth in its foundry business amid a protracted slowdo...

Kyochon F&B opens new store at Kuala Lumpur Airport

South Korea's fried chicken chain Kyochon F&B is spreading its wings in Malaysia, where it has recently opened a new store at the bustling Kuala...

S.Korea's builders diversify biz portfolios to waste battery, other sectors

South Korea's construction companies are exploring other sectors to find new growth engines amid deteriorating profitability in the housing industry...

Hyundai eyes greater SUV market share with new Kona EV

Hyundai Motor Co. on Tuesday unveiled the all-new Kona Electric, its first fully revamped compact sport utility vehicle in five years, as the top So...

Korean lawmakers mull higher chip tax credits, battery subsidies

South Korea’s main opposition party will propose higher tax credits and subsidies for domestic chipmakers and battery manufacturers as early a...