Korea plans to raise tax breaks for chipmakers, key industries

The South Korean government plans to revise a recently passed bill aimed at supporting the country’s semiconductor sector and other key indust...

CJ Logistics aims to achieve carbon neutrality goal by 2050

South Korea's parcel delivery company CJ Logistics said on Friday that it will achieve carbon neutrality by 2050 for a more sustainable future in lo...

S.Korea's Alteogen signs $145 million tech export deal with Swiss company

South Korea's bio company Alteogen Inc. on Friday said it signed its fourth technology export contract since its 2018 development of the human recom...

SuperBin completes plastic recycling factory in Seoul suburb

SuperBin, a South Korean startup reshaping the waste recycling ecosystem using Fourth Industrial Revolution technologies, on Thursday said it had co...

LS Cable abandons round wire to focus on higher-value EV wire

LS Cable & System Ltd. has decided to give up the round wire business to concentrate on higher-value-added products used in electric vehicles (E...

MBK signs $2 bn deal to acquire 3D dental scanner firm Medit

Asia-focused private equity firm MBK Partners is acquiring Medit Corp., the world’s third-largest 3D dental scanner maker, for 2.45 trillion w...

KAI, KARI collaborate in developing Korean UAM 

Korea Aerospace Industries Ltd. (KAI) has signed an agreement with the Korea Aerospace Research Institute (KARI) to help KARI perform a dry run test...

Hyundai Wia gets silver medal from EcoVadis

 Hyundai Wia Corp. has been awarded a silver medal from EcoVadis in recognition of its continuing effort toward its sustainability credentials,...

KFTC acts on Amazon's large share of S.Korea's cloud market

Amazon controls around 70% of South Korea's cloud market, followed by Microsoft in second and Google and Naver Corp. fighting for third place.The Ko...

S.Korea's Medicox boosts unit for oral insulin, medical cannabis

South Korea's Medicox Co. on Wednesday said it will raise 40 billion won ($32 million) to boost its unit for oral insulin and cannabidiol (CBD).The ...

Naver D2SF makes follow-up investment in fashion startup Onthelook

Naver D2SF, Naver Corp.'s startup investment arm, made a follow-up investment in fashion content startup Onthelook.The company said on Wednesday tha...

LG Group's received orders for auto parts close to $393 billion

South Korea’s electronics-to-battery conglomerate LG Group expects its received orders for auto components to reach over 500 trillion won ($...

Korea’s 1st moon probe Danuri enters lunar orbit; world’s 7th mission

South Korea on Wednesday became the world’s seventh country to send a lunar orbiter to the moon, joining other advanced countries in a heated ...

Daewoong Pharma, Neurolive to jointly develop new antidepressant drug

South Korea's drug company Daewoong Pharmaceutical said on Wednesday that it has signed an agreement with biopharmaceutical venture Neurorive to joi...

DSME joins hands with Navy for building combined combat systems

Daewoo Shipbuilding & Marine Engineering Co. (DSME) said on Wednesday that it had held the first meeting with the Republic of Korea Navy the pre...

SK Energy expands fusion urban fuel cell business

SK Energy has teamed up with new and renewable energy companies to develop urban distributed power generation and electric vehicle charging.The comp...

Hankook Tire supplies tires to Nissan's new X-Trail SUV

Hankook Tire & Technology said on Tuesday it would supply its ultra-high-performance sports tire Ventus S1 evo3 SUV to Nissan's fourth-generatio...

Hansol Chemical to enter bio industry with BiOCS acquisition

Hansol Chemical Co., a unit of South Korea’s paper-focused conglomerate Hansol Group, is expanding its business scope to biomaterials by acqui...

Koreans buy $2.7 billion Tesla shares this year, favorite foreign stock

Tesla, Inc. was the investors’ choice in South Korea this year, ahead of other overseas stocks.According to the Korea Securities Depository he...

FarmHannong's herbicide Terrad'or enters Brazil

FarmHannong, South Korea's leading agricultural chemicals producer, said on Tuesday that its new herbicide Terrad'or has been registered as a new he...

Standard Chartered's director attributes ESG success to board-led decisions

When it comes to the banking sector's environmental, social, and governance (ESG) efforts, an industry veteran says the success depends on the chief...

Net assets of S.Korea's ETF rise to $63.1 billion despite stock woes

Despite South Korea's weak stock market this year, the exchange-traded fund (ETF) sector, which marked its 20th anniversary, maintained a clear grow...

Self-driving bus running on main roads launched for first time in S.Korea

South Korea in a first for the country has launched self-driving buses running on bus rapid transit (BRT) routes.The Ministry of Land, Infrastructur...

Korea’s big bio startups to launch $39 mn investment fund

South Korea’s four leading biotech firms plan to launch an investment fund of up to 50 billion won ($39 million) to support smaller domestic b...

S. Korea foresees recession in falling freight prices, wages

Global ocean freight prices are falling amid a darkening outlook for South Korea, as Asia’s fourth-largest economy heavily depends on overseas...

LG to develop smart home devices responsive to users’ sleep data

An air conditioner or a TV set equipped with a timer that automatically turns power on and off based on the user's preference has been around for ye...

Netmarble joins UNGC to strengthen ESG management

Netmarble Corp. said on Monday that it has joined the United Nations Global Compact (UNGC) to strengthen its environmental, social, and governance (...

Samsung TV, home theater systems win award in Australia

South Korea's electronics giant Samsung Electronics Co. has set a new benchmark for customer satisfaction in Australia, receiving Canstar Blue&rsquo...

Korea's int'l passenger traffic exceeds domestic for 1st time since pandemic

The volume of international passengers in South Korea has exceeded that of domestic flights for the first time since the outbreak of the COVID-19 pa...

85% of S.Korea's Gen MZ have contactless savings accounts

A study finds 90% of South Korea's Generation MZ, a demographic comprising millennials and Generation Z members born between 1981 and 2010, use cont...