Philip Morris aims to top Korea's heated-tobacco market with Iluma

Philip Morris aims to top Korea's heated-tobacco market with Iluma

Philip Morris International Inc., a major US tobacco maker, aims to regain the throne in South Korea's competitive heat-not-burn cigarette market wi...

Binance acquires majority stake in S.Korea's crypto exchange Gopax

Binance acquires majority stake in S.Korea's crypto exchange Gopax

Binance, the leading cryptocurrency exchange globally, has acquired a majority stake in South Korea's Gopax by purchasing CEO Lee Joon-haeng's 41.2%...

Kyobo Life Insurance speeds up creation of holding company

Kyobo Life Insurance speeds up creation of holding company

South Korea’s Kyobo Life Insurance Co. is set to establish a holding company by the second half of 2024. The major insurer seeks to raise its ...

LG makes big B2B push to regain momentum, boost profits: CEO

LG makes big B2B push to regain momentum, boost profits: CEO

South Korea’s home appliance giant LG Electronics Inc. is stepping up efforts to enhance its presence in the global business-to-business marke...

AfreecaTV, VTVCab agree on live streaming platform service in Vietnam

AfreecaTV, VTVCab agree on live streaming platform service in Vietnam

South Korea's video streaming platform AfreecaTV Co. said Wednesday that it has agreed with VTVCab, a member of  Vietnam's largest state-run TV...

China's alleged Korean trademark piracy surges during COVID-19

China's alleged Korean trademark piracy surges during COVID-19

South Korean companies have witnessed a sharp increase in alleged trademark piracy in China over the past few years, as COVID-19 curbed their overse...

Samsung Electronics to launch its first robot EX1 this year to rival LG

Samsung Electronics to launch its first robot EX1 this year to rival LG

Samsung Electronics Co. will bring its first robot EX1 to market this year to compete with LG Electronics Inc., shifting its focus from traditional ...

Korean won falls on firm US jobs data, new BOJ head report

Korean won falls on firm US jobs data, new BOJ head report

The South Korean won currency skidded to a four-week low on Monday as stronger-than-expected US employment data renewed expectations that the Federa...

SK Ecoplant changes North American corporation name

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,...

South Korean biotech firms tap Middle East as next key market

South Korean biotech firms tap Middle East as next key market

South Korean biotech companies are speeding up their foray into the Middle East to tap oil money as they seek new growth engines beyond fossil fuels...

LG Electronics exhibits Art Lab in New York

LG Electronics exhibits Art Lab in New York

LG Electronics Inc. recently introduced "LG Art Lab," a non-fungible token art trading platform mounted on LG TVs, through a large display board in ...

NCSOFT lays off 20% of US operation before new game release

NCSOFT lays off 20% of US operation before new game release

NCSOFT Corp., South Korea’s major game developing and publishing company, has recently laid off about 20% of its North American operation, joi...

Prestige Biopharma submits clinical trial plan in Australia

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

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...

SK Bioscience's SKYCellflu approved by Chilean health authority

SK Bioscience's SKYCellflu approved by Chilean health authority

SK Bioscience Co., a bio and pharmaceutical affiliate of South Korea's SK Group, announced on Thursday that its world-first cell culture-based quadr...

Samsung executives to be called without seniority title

Samsung executives to be called without seniority title

Rank-and file-employees at Samsung Electronics Co. will call their senior executives without their titles as part of the company’s new human r...

Samsung’s Galaxy Book3 series to take on Apple’s MacBook

Samsung’s Galaxy Book3 series to take on Apple’s MacBook

In today’s connected world, the ultimate gadget consumers want brings together everything they need at any time, without hassle.Samsung Electr...

S.Korea's Samkang M&T undergoes relaunch with new name SK oceanplant

S.Korea's Samkang M&T undergoes relaunch with new name SK oceanplant

South Korea's Samkang M&T Co., a specialist in offshore wind plants and shipbuilding, has been renamed SK oceanplant under a strategy to raise t...

Samsung unveils Galaxy S23 with better camera, processor

Samsung unveils Galaxy S23 with better camera, processor

SAN FRANCISCO – Samsung Electronics Co., the world’s top smartphone maker, unveiled on Wednesday its flagship Galaxy S23 series equipped...

Lunit launches AI-based pathology analysis solution with US firm

Lunit launches AI-based pathology analysis solution with US firm

South Korea's medical imaging startup Lunit said on Wednesday that it has launched Guardant360 TissueNext, an AI-based pathology analysis solution d...

S.Korea's Daewoong Pharmaceutical to export tech to British company

S.Korea's Daewoong Pharmaceutical to export tech to British company

South Korea's Daewoong Pharmaceutical has licensed a new drug candidate for idiopathic pulmonary fibrosis (IPF) to CS Pharmaceuticals (CSP) of the U...

Kakao Mobility enters Laos under biz strategy for Southeast Asia

Kakao Mobility enters Laos under biz strategy for Southeast Asia

South Korea's Kakao Mobility has entered Laos under a plan to use the country as a base for the transportation company's operations in Southeast Asi...

Samsung to advance solid-state battery output after record sales

Samsung to advance solid-state battery output after record sales

South Korea’s Samsung SDI Co. reported its largest-ever profit and revenue last year, which will drive its efforts to produce solid-state batt...

Tmap, Shinsegae I&C sign agreement for EV charging collaboration

Tmap, Shinsegae I&C sign agreement for EV charging collaboration

Tmap Mobility said on Monday that it has signed an agreement for the electric vehicle charging business with Shinsegae I&C, an IT service affili...

Mobile Living Space: Hyundai’s new future mobility concept

Mobile Living Space: Hyundai’s new future mobility concept

A self-driving vehicle taking a passenger home and then docking into the building so that they can enter the house without being exposed to the outs...

Samsung Electronics' life cycle assessment gauges CO2 emission impact from chips

Samsung Electronics' life cycle assessment gauges CO2 emission impact from chips

Samsung Electronics Co. on Monday said it set up a life cycle assessment (LCA) methodology for semiconductors to achieve carbon neutrality by 2050.T...

JW Pharma to put AI into new drug ingredient development

JW Pharma to put AI into new drug ingredient development

South Korea's drug developer JW Pharmaceutical is expanding the scope of its artificial intelligence (AI) uses from new drug research to the develop...

Hyundai Dept. Store introduces AI chatbot service Jellppo

Hyundai Dept. Store introduces AI chatbot service Jellppo

Hyundai Department Store Co. said on Sunday that it would introduce the artificial intelligence (AI) chatbot "Jellppo." Jellppo is an AI-based one-o...

Samsung Electronics opens experience store in New Delhi

Samsung Electronics opens experience store in New Delhi

Samsung Electronics Co. said on Sunday that its Indian subsidiary Samsung India opened a large experience store in New Delhi’s main street Con...

S.Korea, Japan compete in gastroesophageal reflux drug market

S.Korea, Japan compete in gastroesophageal reflux drug market

South Korea is battling Japan again, this time on the global market to treat gastroesophageal reflux disease (GERD). South Korea's pharmaceutical pr...

HYBE to bring K-pop idol playbook to India, tapping local talent POSCO sets sights on lithium production in US Goldman Sachs acquires Mercure Ambassador: 1st stint with Korean hotel sector S.Korea’s pension fund NPS posts much weaker returns amid US tariff concerns S.Korea names budget veteran as finance minister to prop up economy