Coupang to buy luxury platform Farfetch at $500 mn

Coupang to buy luxury platform Farfetch at $500 mn

Coupang Inc., South Korea’s leading e-commerce platform, plans to acquire Farfetch Holdings, a London-based online retailer for luxury goods, ...

S.Korean drone exports quadruple from goal

S.Korean drone exports quadruple from goal

South Korean drone exports surged to $1.11 million in 2023, exceeding the government's target by more than four times, fueled by strong demand for d...

Poultry processor Harim to buy Korean top sea carrier HMM for $5 bn

Poultry processor Harim to buy Korean top sea carrier HMM for $5 bn

South Korea’s leading poultry processor Harim Group is set to acquire the country’s No. 1 sea flag carrier HMM Co. for about 6.4 trillio...

SUVs: Name of the game in 2023 South Korean auto market

SUVs: Name of the game in 2023 South Korean auto market

Back in the 1970s, when simply having a car was a status symbol in South Korea, a four-door passenger sedan was the car of choice. And Hyundai Motor...

NCSOFT, Obigo to jointly develop car AI services

NCSOFT, Obigo to jointly develop car AI services

South Korea's major game developer and publisher NCSOFT Corp. announced on Monday that it signed a memorandum of understanding (MOU) with the domest...

GC Biopharma gets FDA approval for Alyglo

GC Biopharma gets FDA approval for Alyglo

South Korea’s GC Biopharma Corp. announced on Monday that it received approval from the US Food and Drug Administration (FDA) for the immuno...

New Samsung, LG laptops drive industry shift toward on-device AI

New Samsung, LG laptops drive industry shift toward on-device AI

Samsung Electronics Co. and LG Electronics Inc. are unveiling new artificial intelligence-powered laptops next month, joining an industry move to in...

Kolon Industries to downsize industrial film business amid weak demand

Kolon Industries to downsize industrial film business amid weak demand

Kolon Industries Inc., a South Korean chemical and textile manufacturer, is downsizing its industrial film business amid weak demand and growing com...

Samsung tech leak suspects allegedly bribed by Chinese firm

Samsung tech leak suspects allegedly bribed by Chinese firm

A former senior manager at Samsung Electronics Co. and an ex-subcontractor employee are among those accused of receiving several tens of million dol...

Korean overseas direct investment at 2 1/2-year low in Q3

Korean overseas direct investment at 2 1/2-year low in Q3

South Korea’s direct investment in other countries fell for a fourth straight quarter to its smallest level in two and a half years, despite a...

Samsung to release Galaxy Book4 laptop series in January

Samsung to release Galaxy Book4 laptop series in January

Samsung Electronics Co. will release its laptop lineup Galaxy Book4 series on Jan. 2, 2024, with a new intelligent processor for high performance an...

Samsung, ASML to build joint research plant in Hwaseong

Samsung, ASML to build joint research plant in Hwaseong

Samsung Electronics Co. and ASML Holding NV plan to build their joint research plant in Dongtan township in Hwaseong, South Korea, in which the me...

Fried chicken chain bhc to enter Thailand in 2024

Fried chicken chain bhc to enter Thailand in 2024

South Korea’s No. 2 fried chicken brand bhc Group announced on Thursday that it signed a master franchise agreement with Thailand’s Me...

Korea's NPS taps Jun Ahn as real estate investment head

Korea's NPS taps Jun Ahn as real estate investment head

National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, appointed Jun Ahn (Ahn Jun-sang) as its real estate inv...

Doosan Robotics to expand cobot business in Europe

Doosan Robotics to expand cobot business in Europe

Doosan Robotics Inc., the robot-developing unit of South Korea’s Doosan Group, will supply collaborative robots to Amsterdam Airport Schiphol ...

SK Telecom launches AI-based phone interpreting service

SK Telecom launches AI-based phone interpreting service

South Korea’s top mobile carrier SK Telecom Co. has launched an artificial intelligence-based telephone interpreting service in real-time for ...

NCSOFT included in DJSI Asia Pacific Index

NCSOFT included in DJSI Asia Pacific Index

South Korea’s major game developer and publisher NCSOFT Corp. announced on Thursday that it was listed on the Dow Jones Sustainability Asia/...

Samsung to relocate packaging unit workplace to lure talent

Samsung to relocate packaging unit workplace to lure talent

Samsung Electronics Co., the world’s top memory chipmaker, is set to relocate its advanced packaging department’s workplace in South Kor...

Kia to unveil new PBV lineup at CES 2024

Kia to unveil new PBV lineup at CES 2024

Kia Corp. announced on Thursday that it plans to participate in the world’s biggest consumer technology trade show CES. The company will ret...

Korea’s top dollar store chain Daiso buys out Japanese shareholder

Korea’s top dollar store chain Daiso buys out Japanese shareholder

South Korea’s AsungHMP Co. has bought a 34.2% stake in Asungdaiso Corp., which operates the country’s top dollar store chain Daiso, from...

IT device recovery to power Korean parts makers in 2024

IT device recovery to power Korean parts makers in 2024

Global sales of consumer information technology electronics such as smartphones, PCs and TVs are expected to rebound in 2024, fueling hopes of an ea...

Samsung C&T to join Oman's green ammonia project

Samsung C&T to join Oman's green ammonia project

South Korea’s Samsung C&T Corp. announced on Wednesday it will participate in the Salalah H2 green ammonia project in Oman, a major init...

DL E&C, KBR to co-work for SAF project

DL E&C, KBR to co-work for SAF project

South Korea’s DL E&C Co. announced on Wednesday that it signed a feasibility study contract with Kellogg Brown & Root (KBR) Inc., the ...

ASML, Samsung to build R&D center in Korea for $760 mn

ASML, Samsung to build R&D center in Korea for $760 mn

AMSTERDAM, Netherlands -- Samsung Electronics Co. and ASML Holding N.V. have reached a preliminary agreement to build a research and development fac...

Korean shipbuilders shrug off concerns over lower new ship prices

Korean shipbuilders shrug off concerns over lower new ship prices

South Korean shipbuilders shrugged off concerns of an industry peak-out boosted by the first fall of new vessel prices in 45 weeks and lower used sh...

HK inno.N reveals differentiated clinical results for K-CAB

HK inno.N reveals differentiated clinical results for K-CAB

South Korean bio-health company HK inno.N has been expanding its market by steadily announcing differentiated clinical results for its gastroesophag...

HYBE ranks fifth in global tour revenue in 2023

HYBE ranks fifth in global tour revenue in 2023

The global tour revenue of HYBE Co., home to BTS and Seventeen, reached 250 billion won ($190 million) over the year.According to Hybe on Tuesday, t...

US regulations push Korean battery industry to cut reliance on China

US regulations push Korean battery industry to cut reliance on China

The South Korean battery industry is facing pressure to cut its reliance on Chinese capital as the US government on Dec. 1 issued guidance that will...

Celltrion’s Vegzelma listed on US PBM preferred drug list

Celltrion’s Vegzelma listed on US PBM preferred drug list

South Korea's Celltrion Healthcare Co. announced on Tuesday that its anti-cancer biosimilar Vegzelma (active ingredient: bevacizumab) was listed as ...

S.Korean newly married couples’ birth rate at record low

S.Korean newly married couples’ birth rate at record low

South Korea’s fertility rate among newly married couples, who account for most of the country’s newborns, hit a trough last year, adding...

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 Allianz-backed Koh Young’s brain surgery robot set for US debut by end-August Roborock’s privacy policy fuels data leak fears over Chinese goods Sale of $1.5 bn Pangyo Tech 1, overseen by Mirae Asset, draws strong bids from global PEFs