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UAE’s sovereign funds to invest $30 billion in South Korea

UAE’s sovereign funds to invest $30 billion in South Korea

ABU DHABI – The United Arab Emirates will invest $30 billion in South Korea across strategic sectors, including the nuclear power, defense, hy...

Kia's Carens selected as Car of Year in India

Kia's Carens selected as Car of Year in India

Kia Corp. won the "Car of the Year in India" for the first time in three years and five months after entering the Indian auto market.Kia said Sunday...

FSS to inquire actual use of funds raised by issuing ESG bonds

FSS to inquire actual use of funds raised by issuing ESG bonds

From now on, companies in South Korea that have raised funds by issuing ESG (environmental, social, and governance) bonds will have to answer questi...

S.Korea's SKC Solmics changes name to SK Enpulse

S.Korea's SKC Solmics changes name to SK Enpulse

South Korea's SKC Solmics, a wholly owned fine ceramics subsidiary of SKC, on Sunday said it changed its name to SK Enpulse.With 100% investment fro...

Elon Musk’s vision for Korean innovation isn’t crazy

Elon Musk’s vision for Korean innovation isn’t crazy

For a “genius,” Elon Musk sure does say lots of mindless things. Yet on any list of the least crazy ideas from the Tesla founder, his take...

Travel sales for SE Asia, Japan sell out in South Korea

Travel sales for SE Asia, Japan sell out in South Korea

South Korean travelers are loosening their purse strings on the occasion of the Lunar New Year, with overseas travel sales for one of the biggest ho...

Samsung may cut spending as foundry players brace for downturn

Samsung may cut spending as foundry players brace for downturn

Samsung Electronics Co., the world’s largest memory chipmaker, may slash its investment for contract chipmaking known as foundry, as its peers...

Korean grocery delivery platform Oasis set for February IPO

Korean grocery delivery platform Oasis set for February IPO

South Korean grocery delivery platform Oasis Corp. aims to raise up to $166 million through a listing next month, becoming the country’s first...

S.Biomedics gets approval for Parkinson's disease clinical trials

S.Biomedics gets approval for Parkinson's disease clinical trials

South Korea's biomedicine firm S.Biomedics said on Friday that it has won approval from the Ministry of Food and Drug Safety for phase 1 and 2a clin...

S.Korea to extend trading hours of local forex market

S.Korea to extend trading hours of local forex market

South Korea will extend the trading hours for the local foreign exchange market to attract overseas investors and improve the trading system so that...

S.Korea’s battery material exports double to $10 bn

S.Korea’s battery material exports double to $10 bn

South Korea’s battery material exports more than doubled to exceed overseas sales of electric vehicle cells last year, helping the country&rsq...

Samsung’s new 5 nm high-performance SSD faster, uses less power

Samsung’s new 5 nm high-performance SSD faster, uses less power

Samsung Electronics Co., the world’s largest memory chipmaker, said on Thursday it is ready to produce in large quantities PM9C1a, its latest ...

Hyundai’s Chung Euisun named MotorTrend’s Person of the Year

Hyundai’s Chung Euisun named MotorTrend’s Person of the Year

Chung Euisun, chairman of South Korea’s Hyundai Motor Group, has been named Person of the Year by MotorTrend, topping the prestigious US autom...

Webtoon company YLAB files preliminary listing review for Kosdaq

Webtoon company YLAB files preliminary listing review for Kosdaq

YLAB, a South Korean content company specializing in the production, distribution, and translation of webtoons, is moving to go public this year.Acc...

Prestige Biopharma attains patent for solid cancer treatment antibody

Prestige Biopharma attains patent for solid cancer treatment antibody

Prestige Biopharma Korea said on Tuesday that it has obtained a domestic patent for the CTHRC1 neutralizing antibody of the drug candidate PBP1710. ...

Samsung, SK Hynix to benefit from Intel’s Sapphire Rapids CPU

Samsung, SK Hynix to benefit from Intel’s Sapphire Rapids CPU

The much-awaited launch of Intel Corp.’s latest processors dubbed Sapphire Rapids is a boon for leading memory chipmakers such as Samsung Elec...

POSCO opens first overseas venture incubating office in Silicon Valley

POSCO opens first overseas venture incubating office in Silicon Valley

POSCO Group said on Wednesday that it has opened the first overseas office of ChangeUp Ground in Silicon Valley in the US.ChangeUp Ground is a start...

Dong Yang Steel Pipe signs contract with Japanese EPC company

Dong Yang Steel Pipe signs contract with Japanese EPC company

DongYangSteelPipe, a steel pipe unit of KBI Group, said on Tuesday that it had signed on the previous day an agreement with a Japanese EPC (engineer...

S.Korea resumes egg imports in 13 months due to soaring prices

S.Korea resumes egg imports in 13 months due to soaring prices

As egg prices soared due to the spread of bird flu or avian influenza, the South Korean government resumed imports of eggs to ease price pressure.It...

SK E&S, Plug Power agree to strengthen hydrogen partnership

SK E&S, Plug Power agree to strengthen hydrogen partnership

SK E&S CEO Choo Hyung-wook met with Plug Power CEO Andy Marsh at CES 2023 in Las Vegas on Jan. 5 to discuss ways to strengthen cooperation in th...

Hancom Frontis to develop AI digital human, 3D scanning project

Hancom Frontis to develop AI digital human, 3D scanning project

Hancom Frontis, a Hancom Group company specializing in the metaverse, said on Tuesday that it has signed a three-way agreement with the Tech Univers...

S.Korea posts 2nd current account deficit in 3 months due to flat exports

S.Korea posts 2nd current account deficit in 3 months due to flat exports

South Korea in November last year suffered its second current account deficit in three months due to plummeting exports of key items like semiconduc...

Hyundai, Kia post record sales in India; to build IONIQ 5 locally

Hyundai, Kia post record sales in India; to build IONIQ 5 locally

South Korea’s two leading automakers – Hyundai Motor Co. and Kia Corp. – are solidifying their presence in India, a fast-growing A...

Korea’s secondhand car market cools amid elevated interest rates

Korea’s secondhand car market cools amid elevated interest rates

South Korea’s secondhand car market is cooling rapidly as both dealers and buyers are reeling from elevated interest rates, which also bode il...

Cosmax shows off advanced beauty tech at CES with Seoul Nat'l Univ.

Cosmax shows off advanced beauty tech at CES with Seoul Nat'l Univ.

Cosmax, a cosmetics original design manufacturer (ODM) of South Korea, said on Tuesday that it unveiled the beauty technology developed jointly ...

SK Hynix introduces AI solution to semiconductor process

SK Hynix introduces AI solution to semiconductor process

SK Hynix Inc. said on Tuesday that it has started to improve production efficiency and yield by introducing an artificial intelligence (AI) solution...

S-1 calls AI video solutions core of this year's AI security market

S-1 calls AI video solutions core of this year's AI security market

Access management of facial recognition needs the most improvement this year and artificial intelligence (AI)-based solutions such as intelligent cl...

Kakao Pay likely to be included in MSCI index next month

Kakao Pay likely to be included in MSCI index next month

South Korean mobile payment services firm Kakao Pay Corp. will be newly incorporated into the MSCI index next month, inducing an influx of more than...

Smart transportation solution provider Alt-A enlists pre-Series A funding

Smart transportation solution provider Alt-A enlists pre-Series A funding

Alt-A, which provides a transportation system specialized in last-mile roads, said Monday that it has received pre-series A funding from Shinh...

Samsung’s 3 nm chip production yield rises sharply

Samsung’s 3 nm chip production yield rises sharply

Samsung Electronics Co. has sharply increased its production yield of the industry’s most advanced 3-nanometer chips for fabless clients, acco...

Is chip winter over? Doomsayers gone as Korea’s DRAM exports surge S.Korea to have 1st civilian defense minister in decades, tap career technocrats Fubon Bank expands Korea presence into banking Hana Asset launches ultra-low-fee Nasdaq 100 ETF Even barcodes copied: Counterfeits invasion threatens K-brands

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