Netflix joins hands with Dexter Studios for visual, sound effects

Netflix Inc. has entered into a two-year partnership with South Korea's leading post-production studio which creates digital images and mixes sound ...

Lotte Chemical to double LPG use as petchem makers diversify feedstock

South Korean Lotte Chemical Corp. plans to double liquefied petroleum gas (LPG) use for ethylene production by next year as the domestic industry ru...

Hyundai Motor to adopt digital twin in latest move of virtual technology use

Hyundai Motor Group plans to adopt digital twin technology, which allows the automaker to make a digital replica of a real car for simulation not ...

Fleet of Hyundai XCIENT hydrogen truck exceeds 1 million km benchmark

Hyundai Motor Co.’s fleet of fuel cell truck XCIENT has surpassed the benchmark one million kilometers of driving in 11 months of service in S...

Coway keeps No.1 spot in Malaysia’s water purifier market for 10 years

South Korea’s home appliance rental service provider Coway Co. has maintained the top position in Malaysia’s water purifier rental marke...

Edge computing revolution to fuel Korea’s growth over the next decade

Korea’s leading firms across multiple industries, from consumer electronics to agricultural equipment, are widening the use of edge computing ...

Korea’s art sales set for triple-digit growth in 2021

South Korea’s art market is projected to double or even triple in size this year, thanks to the widening of the customer base across all gener...

Hanwha to make satellite thrusters with Korea's aerospace institute

Hanwha Corp. will develop the bipropellant thruster, a key component for adjusting the satellite’s position in orbit, together with Korea Aero...

NH Financial to buy $20 mn stake in Japan's solar farm

South Korea's NongHyup Financial Group, or NH Financial Group, has acquired a stake in a solar power plant in Japan from Korea Electric Power Corp. ...

KT&G expands global foothold with 4,700 e-cigarette IP rights

The world’s fifth-largest tobacco maker KT&G Corporation is rapidly widening the global reach of its e-cigarette products, which have beco...

Seegene develops one-stop COVID-19 testing lab on wheels; eyes MENA expansion

South Korea-based diagnostic kit maker Seegene Inc. has developed a mobile diagnostic and testing lab that offers a one-stop solution for COVID-19 t...

LG Chem to issue up to $1bn ESG bonds; Moody’s raises outlook to positive

South Korea’s largest chemical producer LG Chem Ltd. plans to issue up to $1 billion in dollar-denominated green bonds to raise funds for its ...

Morai's virtual testing solution reduces testing period for self-driving cars

A self-driving car needs to pass all sorts of tests before setting off for the open road. It needs to experience different types of roads, terrain f...

Hyosung, Linde kick off building world’s largest liquid hydrogen plant

Hyosung Group has once again made a key step forward in achieving its long-term ambition to become South Korea’s corporate leader in the hydro...

Korea Shipbuilding & Offshore wins $1 bn order to build 10 vessels

Korea Shipbuilding & Offshore Engineering Co. (KSOE) has won a 1.1 trillion won ($1 billion) deal to build 10 vessels, bringing its total ship c...

Hyundai NEXO, Toyota Mirai to compete in fuel cell cars as Honda exits

Japan’s Honda Motor Co. has announced it is exiting the hydrogen fuel cell vehicle market, leaving Toyota Motor Corp. and South Korea’s ...

LG Energy supplies batteries to world’s largest Vistra ESS project

South Korea’s LG Energy Solution Ltd. is supplying batteries to the world’s largest energy storage system (ESS) project operated by US p...

Hyundai Motor chairman sees future in self-driving, robot businesses

Hyundai Motor Group Chairman Chung Euisun is in the United States seeking business opportunities in one of the South Korean automotive group’s...

Secondary PE deals headed for record year: Pomona Capital

Secondary private equity deals have been the fastest-growing segment of the private equity market for several years and this year, they could exceed...

Krafton mega IPO on horizon: Industry game-changer

Krafton Inc. is set to become the first South Korean decacorn startup, or a company valued at over $10 billion, to make a trading debut on the count...

Samsung Electronics to market wearable robot for healthcare by year-end

Samsung Electronics Co. will commercialize a wearable robot for healthcare by the end of this year as the South Korean tech giant is delving into th...

Daewoo Shipbuilding to build $1 bn offshore facility for Brazil’s Petrobras

Daewoo Shipbuilding & Marine Engineering Co. has won a 1.1 trillion won ($1 billion) deal to build an offshore facility for Petroleo Brasileiro ...

Korean firms split into new units for fair valuation amid uncertainty

The blurring of industry boundaries and increasing new opportunities in the pandemic era are driving major Korean companies to split businesses into...

Hyundai to provide hydrogen fuel cell system for world’s first electric car race

South Korea’s Hyundai Motor Group will provide its hydrogen fuel cell system to the world’s first touring race for electric vehicles, Hy...

Bank of Korea governor sends stronger signal to raise rates this year

South Korea’s central bank governor on Friday flagged a tighter monetary policy for the second time in less than a month, fueling expectations...

UK lifestyle brand Barbour enters legal battle with 10-year partner in Korea

The recent decision by Barbour, the British lifestyle brand under J. Barbour & Sons Ltd., to transfer the rights to sell its products in South K...

Hyundai Motor chief Chung wins top accolade at 2021 Autocar Awards

Chung Euisun, chairman of South Korea’s Hyundai Motor Group, has won the 2021 Autocar Awards' top accolade, the Issigonis Trophy, for his cont...

Korea FoF manager widens offshore VC pool into UAE, Vietnam

The Korea Venture Investment Corp. (KVIC), a quasi-government agency established to support South Korean startups and venture capital industry, has ...

Korea's travel agency stocks overvalued, analysts say

The stock prices of South Korea’s two leading travel agencies, HanaTour Service Inc. and Modetour Network Inc., have skyrocketed in 2021 with ...

SK invests in the US 'turquoise' hydrogen maker Monolith Materials

SK Inc., the holding and investment company of SK Group, has made another big investment in the US hydrogen segment.On Jun. 3, SK said that it bough...