SK Networks invests $22 mn in US AI-based device company

South Korea's SK Networks has identified a startup specializing in AI-based devices and software platforms as a new investment target. The startup, ...

SK Square’s Swiss unit joins EU quantum satellite project

A Swiss company owned by South Korea’s SK Square Co. has joined a European project to develop a quantum communications satellite, the company ...

LG ups ante to counter Samsung's OLED TV return; expects profit in Q1

LG Electronics Inc. has released its highest-ever number of new organic light-emitting diode (OLED) TV models in a bid to maintain its supremacy in ...

Korea’s Shinsegae to bolster convenience store business

South Korea’s retail giant Shinsegae Group is set to boost its business in the rapidly growing convenience store sector as its supermarket cha...

Lunit to supply AI image analysis solutions to Singapore

South Korea's Lunit Inc., an artificial intelligence (AI) medical company, announced on Wednesday that it has secured a contract to provide Lunit In...

Kumho Petrochem wins BB rating from MSCI's ESG ratings

Kumho Petrochemical Co. announced on Wednesday that it had received a "BB rating" in the environmental, social and governance (ESG) evaluation by Mo...

Yoon’s US visit to test Biden’s trust as ally over chip, battery issues

South Korean President Yoon Suk Yeol’s summit meeting with his US counterpart Joe Biden next month will celebrate 70 years of the Korea-US sec...

Seoul to build world’s 2nd-largest Ferris wheel in 2027

South Korea’s capital city Seoul will build the world’s second-largest Ferris wheel, the Seoul Ring, on a former landfill site by the en...

Will SM shares’ bull run foil Kakao’s takeover attempt?

The bull run in shares of SM Entertainment Co. may deal a heavy blow to Kakao Corp. ’s 1.25-trillion-won ($950 million) takeover bid for the K...

S.Korea pledges steps to attract more foreign investment

South Korea will boost foreign investment in the country through increased incentives and deregulation, Finance Minister and Deputy Prime Minister C...

SentBe, back from brink of collapse to play in major league

SentBe, a South Korean fintech startup operating a personal international remittance app of the same name, is readying to play in the bigger global ...

POSCO Flow to assist World Vision in transportation of relief goods

POSCO Flow, a logistics partner of World Vision, agreed on Tuesday to help transport relief and sponsorship goods for the humanitarian organization ...

S.Korea's DB HiTek to split off fabless, bulk up foundry business

DB HiTek Co., a leading chipmaker in South Korea, said on March 7 it is set to split off its fabless unit by May 2 to ramp up its foundry business.D...

S.Korea's SK Ecoplant, POSCO develop K-floating body with domestic tech

South Korea's SK Ecoplant Co. and POSCO on Wednesday said they secured basic design certification from the Norwegian classification body DNV for "K-...

Korea’s sole foreign clinic operator CHA Healthcare to go public in 2025

CHA Healthcare Co. operating nearly 90 hospitals and infertility treatment centers across the world, is set to pave the way for South Koreans' inves...

S.Korea's builders diversify biz portfolios to waste battery, other sectors

South Korea's construction companies are exploring other sectors to find new growth engines amid deteriorating profitability in the housing industry...

Medical IP's X-ray image analysis software certified as medical device

Medical IP, a South Korean medical AI company, has announced that its artificial intelligence (AI) medical image analysis software "TiSepX Lung Volu...

Hyundai eyes greater SUV market share with new Kona EV

Hyundai Motor Co. on Tuesday unveiled the all-new Kona Electric, its first fully revamped compact sport utility vehicle in five years, as the top So...

S.Korea to establish voluntary carbon credit exchange

South Korea will introduce a voluntary carbon market (VCM) later this year, which is expected to broaden the scope of carbon credits and speed up ef...

S.Korean fashion brands rush to China for pent-up demand

South Korean fashion brands are poised to expand their stores in China, aiming to capture pent-up demand in the world’s top consumer market af...

S.Korea lags Taiwan in GNI per capita for first time since 2002

South Korea’s gross national income (GNI) per capita dropped 7.7% on-year last year, coming in below that of its smaller rival Taiwan for the ...

Korean lawmakers mull higher chip tax credits, battery subsidies

South Korea’s main opposition party will propose higher tax credits and subsidies for domestic chipmakers and battery manufacturers as early a...

S.Korea reigned supreme on global shipbuilding market in February

South Korea’s shipbuilding industry has blown away that of China in order volume.Clarkson Research, a British shipbuilding and shipping market...

SK Chemicals buys Chinese supplier’s recycled raw materials, PET unit

South Korea’s SK Chemicals has created a production system for chemically recycled raw materials and PET for about 130 billion won ($100.1 mil...

Hankook & Co. buys autonomous driving tech startup 3Secondz

Hankook & Company Co., a South Korean holding company that owns tire and mobility businesses, said on Tuesday that it has acquired the autonomou...

S.Korea's LS Materials set to boost earnings ahead of IPO process

LS Materials Co., a South Korean energy storage devices maker, is slated to ramp up earnings to accelerate its initial public offering process this ...

Korea's SK Telecom jointly develops AI patrol robots

SK Telecom Co., along with its partner firms, will develop artificial intelligence (AI) robots that will replace security guards patrolling around s...

US burger giant Five Guys set for June S.Korea debut

Five Guys, one of the top three burger brands in the US, will open in June its first branch in South Korea in Seoul’s posh Gangnam District. W...

S.Korea's imports of Japanese beer in January hit $2 million

Japanese beer imports in January exceeded $2 million, the most since a bilateral row erupted in July 2019 after Japan imposed export restrictions on...

KTO promotes travel to Korea in ITB Berlin

The Korea Tourism Organization announced on Monday its participation in ITB Berlin 2023, the world's largest tourism fair held in Berlin, Germany, f...