S.Korea's construction companies turn sector into high-tech battleground

S.Korea's construction companies turn sector into high-tech battleground

South Korea's construction companies are aggressively employing state-of-the-art technologies such as artificial intelligence (AI), 3D modeling and ...

LG Energy's Ochang plant, Korea's EV cell mother factory

LG Energy's Ochang plant, Korea's EV cell mother factory

OCHANG, North Chungcheong Province -- LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, on Thursday for the ...

S.Korea succeeds in 3rd launch of homegrown rocket Nuri

S.Korea succeeds in 3rd launch of homegrown rocket Nuri

GOHEUNG, SOUTH KOREA -- South Korea launched its homegrown space rocket on Thursday, making its first achievement to send a satellite for com...

Hyundai E&C, Holcim to jointly develop low-carbon construction materials

Hyundai E&C, Holcim to jointly develop low-carbon construction materials

South Korea's Hyundai Engineering & Construction (E&C) said on Thursday that it has established an agreement with Holcim, a renowned global ...

Mercedes Korea executive promoted as US customer service chief

Mercedes Korea executive promoted as US customer service chief

Kim Jee-seop, former vice president of the customer service department at Mercedes-Benz Korea, has been promoted to oversee the German automaker&rsq...

Samyang secures contract for supplying filler with Chinese company

Samyang secures contract for supplying filler with Chinese company

South Korea's Samyang Holdings announced on Thursday that it has signed a partnership agreement with Hangzhou Yxintent, a Chinese medical device a...

S.Korean startup Drama & Company introduces AI talent recruiter

S.Korean startup Drama & Company introduces AI talent recruiter

Drama & Company, the developer of South Korea’s popular cloud-based business card management app Remember, is readying its next business w...

POSCO completes giga steel plant in China

POSCO completes giga steel plant in China

South Korea’s largest steelmaker POSCO announced on Thursday that it has completed a specialized integrated processing facility for giga ste...

GoodGang Labs attracts $2 mn from Kakao Investment

GoodGang Labs attracts $2 mn from Kakao Investment

South Korea's GoodGang Labs, a startup focused on developing a 3D avatar-based communication platform, announced on Thursday that it has secured an ...

CJ dreams to build new kingdom in US with massive investment

CJ dreams to build new kingdom in US with massive investment

CJ Group, a major South Korean conglomerate with a wide range of businesses spanning everything from food to bio, livestock feed, logistics, enterta...

S.Korea's total fertility rate hits 0.81 in Q1

S.Korea's total fertility rate hits 0.81 in Q1

South Korea in the first quarter posted a total fertility rate (TFR) of 0.81, the lowest in history for that quarter. Because the number of bir...

S.Korean Hanwha to spend $1 bn on US acquisitions, business

S.Korean Hanwha to spend $1 bn on US acquisitions, business

South Korea’s chemicals-to-defense conglomerate Hanwha Group plans to invest $1 billion in acquisitions of companies in the US and businesses ...

S.Korean's interest in Japan travel surpasses pre-No Japan levels

S.Korean's interest in Japan travel surpasses pre-No Japan levels

A survey result indicates an increased interest in travel to Japan compared to pre-No Japan boycott levels, while interest in travel to China has pl...

S.Korea’s direct investment abroad hits record high in Q1 2023

S.Korea’s direct investment abroad hits record high in Q1 2023

South Korea’s net international investment position (NIIP) increased in the first quarter on the country’s record-high direct investment...

S.Korea’s popular MMORPGs go abroad for profitability

S.Korea’s popular MMORPGs go abroad for profitability

South Korean game developers target overseas markets for their locally hit massively multiplayer online role-playing games (MMORPGs) to increase pro...

South Korea officially asks US to ease chip rules on China expansion

South Korea officially asks US to ease chip rules on China expansion

WASHINGTON, D.C. – South Korea has officially requested the US government to review details of the guardrail provisions in the CHIPS and Scien...

LIG Nex1 secures $75 mn contract for KSIS military ground segment

LIG Nex1 secures $75 mn contract for KSIS military ground segment

South Korean aerospace manufacturer and defense company LIG Nex1 Co. announced on Wednesday a $75 million (99.1 billion won) contract with the count...

S.Korean space rocket Nuri launch postponed due to technical issues

S.Korean space rocket Nuri launch postponed due to technical issues

The launch of South Korea's space rocket Nuri, scheduled for Wednesday afternoon, was postponed hours ahead of schedule."During the preparations for...

Neurophet strives to be first mover in fight against Alzheimer’s

Neurophet strives to be first mover in fight against Alzheimer’s

Neurophet Inc., a South Korean startup developing artificial intelligence-powered medical solutions for brain diseases, is striving to make a breakt...

S.Korea's top tech school uses salmon DNA to block art counterfeiting

S.Korea's top tech school uses salmon DNA to block art counterfeiting

The screen of the latest Samsung Electronics smartphone series Galaxy 23 released this year has a fingerprint recognition window on the display th...

ASM to invest $100 mn to expand R&D facilities in S.Korea

ASM to invest $100 mn to expand R&D facilities in S.Korea

The Netherlands-based semiconductor equipment maker ASM will invest $100 million (132 billion won) to boost its R&D and production capacities in...

Innocean joins top 10 brand marketing agencies in India

Innocean joins top 10 brand marketing agencies in India

Innocean, a Hyundai Motor Group-affiliated advertising agency, announced on Wednesday that its Indian corporation has joined top 10 of local brand m...

MBK Partners puts Korea’s largest golf course operator on market

MBK Partners puts Korea’s largest golf course operator on market

North Asia-focused private equity firm MBK Partners has put Golfzon County Co., the biggest golf course operator in South Korea, on sale at an estim...

Korea’s Kakao targets mobile infrastructure biz for Saudi tourism

Korea’s Kakao targets mobile infrastructure biz for Saudi tourism

Kakao Corp., South Korea’s mobile platform giant, targets the mobile infrastructure industry for Saudi Arabian tourism to expand its business ...

Korea’s L&F to build $609 mn EV battery precursor plant

Korea’s L&F to build $609 mn EV battery precursor plant

L&F Co., a major South Korean electric vehicle battery material maker, is set to spend up to 800 billion won ($608.8 million) on a factory in ...

Cellid applies for Phase 3 clinical trials in S.Korea for COVID-19 vaccine

Cellid applies for Phase 3 clinical trials in S.Korea for COVID-19 vaccine

South Korean bio-venture Cellid Co. announced on Tuesday that it has applied for the clinical Phase 3 trial of the COVID-19 Omicron variant-specific...

Naver’s search engine dominance under siege as Google, MS advance

Naver’s search engine dominance under siege as Google, MS advance

South Korea’s online portal Naver Corp., the undisputed search engine leader in the domestic market for decades, is under siege as global Big ...

Daewoo Shipbuilding enters new chapter as Hanwha Ocean  

Daewoo Shipbuilding enters new chapter as Hanwha Ocean  

Daewoo Shipbuilding & Marine Engineering Co. (DSME), South Korea’s cash-deprived second-largest shipbuilder, has rebranded itself Hanwha O...

POSCO, JSW discuss eco-friendly reduction steel production

POSCO, JSW discuss eco-friendly reduction steel production

Chairman of POSCO Group Choi Jeong-woo met with Sajjan Jindal, Chairman of JSW Steel, India's largest steel conglomerate, to discuss collaboration...

Music copyright trading platform Musicow attracts $46 mn from STIC

Music copyright trading platform Musicow attracts $46 mn from STIC

Musicow Inc. has garnered an additional 60 billion won ($45.8 million) from Seoul-based venture capital and private equity firm STIC Investments Inc...

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