Hanmi Pharm to develop obesity drug customized for S.Korean

South Korea's Hanmi Pharmaceutical Co. plans to develop the GLP-1 class "Epeglenatide," which it received as a technology return from Sanofi S.A., i...

Doosan to enter EV sector with battery recycling business

South Korea’s major power plant builder Doosan Enerbility Co. plans to set up a battery recycling subsidiary, targeting the sector expecting r...

Samyang’s Hot Chicken Flavor Ramen sales exceed 5 bn

South Korea's Samyang Foods Co. announced on Friday that the cumulative sales of ramen with its Hot Chicken Flavor Ramen, or Buldak-bokkeum-myeon br...

Kia revises up 2023 OP target after record Q2 earnings, to expedite EV push  

Kia Corp. has revised upwards its operating profit target for this year to up to 12 trillion won ($9.4 billion) after reporting its best-ever quarte...

Lotte to open Vietnam's largest shopping mall in Hanoi

Lotte Shopping Co., the retail arm of South Korea's fifth-largest conglomerate Lotte Group, announced plans on Thursday to inaugurate its extensive ...

SK Telecom enters cloud managed service provider market

South Korea's SK Telecom Co. will aggressively enter the cloud market by providing differentiated services based on its nationwide communication net...

EV6, GV60 outperform global peers in Auto Bild’s EV tests

Hyundai Motor Group’s electrification push under the direction of its Chairman Chung Euisun is more than paying off, with a slew of worldwide ...

Korea's IMM to invest $23 mn in battery parts supplier Choil Aluminum

South Korean private credit firm IMM Credit & Solutions Inc. will invest 30 billion won ($23.4 million) in Choil Aluminum Co., an EV battery com...

SM Group to buy HMM but not for over $3.5 bn: SM Chair Woo

SM Group has enough financial ammunition to buy the country’s No. 1 container shipping line HMM Co. but would not join the bid for the latter&...

KHNP develops world's first accident monitoring system for nuclear reactors

Korea Hydro & Nuclear Power (KHNP) announced on Wednesday that it has successfully developed the Technical Specification Operator Support System...

GI Innovation seeks to license allergy therapy to Japan in 2023

South Korea’s GI Innovation Inc. aims to complete licensing of its allergic diseases treatment candidate to a Japanese drug company by year's ...

Samsung Heavy in $3.1 bn methanol-powered ship deal with Evergreen

Samsung Heavy Industries Co., a leading South Korean shipbuilder, has won a 3.96 trillion won ($3.13 billion) deal to build 16 methanol-powered cont...

KIC up 8.3% in net value of stocks, debts in H1 2023

Korea Investment Corporation (KIC) saw the net value of its traditional assets rise 8.25% in the first half of this year, backed by the strong perfo...

Samsung takes on Micron with new flash auto memory UFS 3.1

Samsung Electronics Co., the world’s largest memory chipmaker, has begun mass production of its latest flash memory chip, which the company sa...

Korea chip exports to rebound in Oct; car, cell exports to stay firm

South Korea expected overseas sales of semiconductors, the country’s top export item, to rebound from October while the auto, secondary batter...

Samsung Electronics creates global hit with new gaming monitor

Samsung Electronics Co. ’s new gaming monitor has received over 3,000 advance orders worldwide.The company on Monday said it began presale of ...

Hyundai Motor breaks out of 3-year slump in China

South Korea’s Hyundai Motor Co. has broken out of its slump in China, with its Chinese joint venture posting its first sales growth in four ye...

Hyundai Wia completes flying drone interception test

Hyundai Wia Corp., an auto parts and defense unit of Hyundai Motor Group, announced on Thursday that the first shooting trial of its anti-drone syst...

SKC to invest $3.8 bn in secondary battery materials by 2025

South Korea's chemical material maker SKC will invest over 5 trillion won ($3.8 billion) in three sectors -- secondary batteries, semiconductors and...

HD KSOE bags $2.3 bn in vessel orders, achieves 90% of 2023 target

South Korea’s biggest shipbuilder HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) has recently bagged over 3 trillion won ($2.3...

Korean ETFs’ net asset value doubles in 3.5 years

South Korea’s exchange-traded funds (ETFs) surpassed 100 trillion won ($75.7 billion) in net asset value for the first time on Thursday, 21 ye...

Samsung Display to dump entire stake in LCD equipment maker

South Korea’s Samsung Display Co. is set to sell its stake in a domestic liquid crystal display equipment maker as the unit of global tech gia...

CJ Logistics to build logistics centers in US with $416 mn investment

CJ Logistics Corp. and Korea Ocean Business Corporation (KOBC) will together build three logistics centers in the US with an estimated investment of...

S.Korea to inject more than $2.3 bn in quantum science, tech by 2035

South Korea will pour more than 3 trillion won ($2.3 billion) into quantum science and technology by 2035, aiming to become the world’s fourth...

Hyundai bets big on futuristic displays, eyes roll-up screen in 3 years

South Korea’s top auto parts maker Hyundai Mobis Co. said on Tuesday it expects to begin mass production of its rollable vehicle display &ndas...

How North Korea’s Hacker Army Stole $3 Billion in Crypto, Funding Nuclear Program

Last year an engineer working for the blockchain gaming company Sky Mavis thought he was on the cusp of a new job that would pay more money.A recrui...

SK Pharmteco opens 2nd biomanufacturing plant in France

SK Pharmteco Co., South Korean conglomerate SK Group’s contract development and manufacturing organization (CDMO), has secured a second plant ...

LegoChem Bio receives FDA approval for phase 1,2 trials of LCB84

South Korean pharmaceutical firm LegoChem Biosciences Inc. announced on Thursday that it has received approval from the US Food and Drug Administrat...

LG Energy’s 1st bond issue draws record $3.6 bn in bids

LG Energy Solution Ltd.'s first bond issue was 10 times oversubscribed on Thursday, drawing a record 4.7 trillion won ($3.6 billion) in bids for a S...

Seoul to build world's largest startup campus by 2030

The Seoul Metropolitan Government will establish the world’s largest startup campus in the capital city of South Korea by 2030, benchmarking S...