S.Korea's Twelve Labs ranks among world's top 50 generative AI startups

South Korea’s Twelve Labs was included as the only Korean company in CB Insights’ first annual GenAI 50 ranking, a list of the world&rsq...

Samsung’s latest Galaxy smartphones, watches hit global markets

Samsung Electronics Co.'s latest models of its flagship Galaxy series of smartphones, watches and tablets have begun hitting the shelves of the comp...

S.Korea's Hanon Systems hits 'home run' with heat pump for EVs

Hanon Systems, a leading South Korean maker of automotive thermal management systems, posted surprising results in the second quarter in blowing awa...

Hyundai Steel develops industrial neutron analyzer jointly with startup

Hyundai Steel Co., South Korea's second-largest steelmaker, announced on Thursday that it has successfully collaborated with the in-house startup 3I...

Affiliate of S.Korea's POSCO Int'l to supply natural gas in Australia

South Korea's POSCO International Corp. on Thursday said Senex Energy, its Australia-based natural gas subsidiary, will supply natural gas to seven ...

S.Korea's LG Uplus branches to offer travel services

South Korea's telecom service provider LG Uplus Corp. will start offering travel services at its offline branches. The company on Wednesday said it ...

S.Korea's SK C&C enters battery sector with DNA Motors

South Korea's SK C&C will make batteries for electric motorcycles as the first domestic system integration company to enter the battery field.SK...

SK Telecom’s transition into AI company gains traction

SK Telecom Co., South Korea’s leading telecom firm, reported solid earnings across the board in the second quarter, especially with steady gro...

Kakao Healthcare signs agreement with Novo Nordisk for digital service

Kakao Healthcare Corp., a digital healthcare platform unit of South Korea's Kakao Corp., announced that it has signed on Tuesday a business agreemen...

Korean swimwear Barrel posts profit in post-pandemic surfing boom

South Korea’s leading swimwear maker Barrel is stepping up its profitability after losses during COVID-19 as its new owner has saved costs thr...

Flying to S.Korea's Jeju Island? Just bring smartphone

The identity verification app Pass of South Korea's three telecom companies has added another function: enabling a user to board a domestic flight w...

KT earnings beat estimates in Q2; shares hit 6-month high

KT Corp., South Korea’s leading telecommunications carrier, reported better-than-expected earnings in the second quarter on strong results for...

LG Display receives Bosch top supplier award for vehicle displays

South Korea's display maker LG Display Co. announced on Monday that it has received the "Bosch Global Supplier Award" from Bosch, the world's top au...

S.Korea's Lotte Department Store launches 'K-Beauty' tour service

South Korea's Lotte Department Store on Monday announced the launch of a "K-Beauty tour" service for foreign tourists.The company will first give fr...

Indonesia vows support for LG-led $9.8 bn battery project

Indonesian Minister of Investment Bahlil Lahadalia on Thursday affirmed its government’s commitment to a $9.8 billion electric vehicle battery...

Dongwha Pharm to buy Vietnamese pharmacy chain at $30 mn

South Korea's Dongwha Pharm announced on Thursday that it signed an agreement to acquire a 51% stake in Trung Son Pharma, a leading pharmacy chain i...

Kolon Global wins $226 mn contract for Mongolian public housing project

South Korea's Kolon Global Corp. announced on Friday that it has won a public housing construction project in Mongolia worth 295.7 billion won ($226...

HD KSOE wins order for 2 LNG carriers

South Korea's HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) on Thursday said it landed a deal to build two liquefied natural gas (L...

Shinsegae Live Shopping launches first travel product to India in four years

South Korea’s Shinsegae Live Shopping announced on Thursday that it has partnered with Mode Tour to sell travel products to India for the firs...

CJ Logistics teams up with world’s No. 7 shipping company ONE

South Korea's largest parcel delivery service CJ Logistics on Thursday said it signed a strategic partnership deal with Japan’s Ocean Network ...

Hanwha Aerospace ventures into eco-friendly ship market

South Korea's Hanwha Aerospace Co. announced on Thursday that it has completed the development of a megawatt-hour (MWh) energy storage system (ESS)....

S.Korean companies rushing to launch exotic AI-based services

Lowered barriers in South Korea to the introduction of artificial intelligence (AI) have fueled the growing popularity of unique AI services. The em...

Morgan Stanley subsidiary takes 5% stake in JYP Entertainment stock

A Morgan Stanley-affiliated asset manager has bought more JYP Entertainment shares, raising its stake to more than 5 percent.Asset management firm M...

Baskin-Robbins stands out in melting Korean ice cream market

Global ice cream chain Baskin-Robbins, the top ice cream seller in South Korea, is solidifying its market position with localization despite the cou...

APR’s fashion brand Nerdy opens two more stores in Vietnam

South Korea's cosmetic and clothing company APR announced on Wednesday that its street style fashion brand Nerdy opened its third and fourth stores ...

Hanmi Semiconductor opens new bonder factory

South Korean chip equipment company Hanmi Semiconductor Co. said on Wednesday it has opened a new factory to boost the production of dual TC bonders...

Westinghouse, KHNP seek licensing dispute arbitration

Korea Hydro & Nuclear Power Co. (KHNP) and Westinghouse Electric Corp. have taken their almost one-year dispute over South Korea’s nuclear...

Daewoong launches GERD treatment Fexuclu in Philippines

South Korea's Daewoong Pharmaceutical announced on Tuesday that it has launched the GERD treatment drug "Fexuclue" (active ingredient: Fexuprazan) i...

Naver Pay to enter Chinese payment market in 2023

South Korea's Naver Financial announced plans on Tuesday to bring its simple payment service, Naver Pay, to the Chinese market by the end of this ye...

SK Shieldus appoints former Samsung SDS president as new CEO

South Korean security company SK Shieldus announced on Tuesday that it has appointed Hong Won-pyo, former president of Samsung SDS, as its new CEO a...