Meta’s AI, XR push to gain speed with Korea’s support

South Korea is backing Mark Zuckerberg, founder and chief executive officer of Meta Platforms Inc., in the Facebook operator’s artificial inte...

KT teams up with Amazon to bolster B2B generative AI

BARCELONA -- KT Corp., South Korea’s leading telecom services provider, said on Thursday it has signed a strategic partnership with Amazon Web...

While the World Was Looking Elsewhere, North Korea Became a Bigger Threat

SEOUL—In March 2022, North Korean leader Kim Jong Un walked out of a massive hangar wearing a bomber jacket and dark sunglasses. He pointed to t...

Kolon Industries upgrades aramid smart factory system

Kolon Industries Inc. has upgraded its smart factory system to ensure its doubled production capacity of super fiber aromatic polyamide fibers (aram...

Caring raises $30 million in Series B funding

Caring Co., a South Korean startup offering senior care services, succeeded in raising 40 billion won ($30 million) in a series B funding round, e...

Hanwha expected to sign $751 mn howitzer deal with Romania

Hanwha Aerospace Co., South Korea’s major aerospace and defense system developer, is set to sign a 1 trillion won ($751 million) contract to s...

Hyundai E&C likely to win Bulgaria’s nuclear project

South Korea’s Hyundai Engineering & Construction Co. (Hyundai E&C) was picked as the preferred bidder for Bulgaria's new nuclear react...

Korea’s HL Mando launches auto parts JV with China’s Tianrun

HL Mando Corp., an electric vehicle and self-driving system developing unit of South Korea’s HL Group, said on Thursday it has launched an aut...

LG Energy expedites LFP battery supply chain expansion

LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, has secured enough lithium iron phosphate (LFP) cathode ma...

Korean bakeries with French names outsmart French peers

Paris Baguette and Tous les Jours, South Korea's two largest bakery brands, have been consolidating their positions in the saturated domestic market...

Samsung, Arm reinforce alliance on future AI chips

Samsung Electronics Co. will offer Arm Inc.’s most advanced central processing unit (CPU) optimized on its latest gate-all-around (GAA) techno...

South Korea’s luxury hotels bask in return of tourists post-pandemic

South Korea’s luxury hotels are enjoying the return of tourists following years of COVID-19 restrictions, which significantly hurt their sales...

South Korea tightens export controls to Russia, Belarus

South Korea will halt shipments of nearly 700 additional items, including rechargeable batteries, heavy equipment and cars with 2,000 and larger-lit...

S.Koreans flock to funds, liquid assets out of term deposits

South Korean companies and households flocked to investment funds and short-term deposits in December last year, pulling out of money market funds a...

South Korea's car exports to US hit record high in 2023

South Korea’s car exports to the US surged 44.6% on-year to a record high of $32.2 billion in 2023, making up the lion’s share of South ...

South Korea’s corporate tax-to-GDP ratio hits record high

South Korean companies paid more corporate taxes than their rivals in developed countries in 2022, losing competitiveness, with the nation’s c...

South Korea establishes diplomatic ties with Cuba

South Korea has established diplomatic relations with Cuba, a close ally of North Korea, Seoul said on Wednesday. Cuba had long been the only count...

Kyobo Life CEO Shin Chang-jae: Eccentric, humanitarian entrepreneur

When Shin Chang-jae took the helm of Kyobo Life Insurance Co. in 2000 the South Korean insurance firm was reeling from the aftermath of the 1998 Asi...

Tesla to showcase Cybertruck in South Korea next week

Tesla Inc., the world’s No. 2 electric vehicle maker, is set to showcase its electric full-size pickup Cybertruck in South Korea, home to its ...

China’s BYD to enter South Korea’s passenger electric car market

China’s BYD Co., the world’s largest electric vehicle maker, is set to enter South Korea’s passenger EV market, setting off alarm ...

Starbucks reigns in coffee republic of South Korea; Drink, play and work

In South Korea, coffee is not just something to drink. It’s a culture, in which people drink, play and work.Koreans’ love affair with co...

SK Earthon sells Peru LNG stake for $257 mn to MidOcean

SK Earthon Co., the resources development subsidiary of South Korea’s top energy company SK Innovation Co., sold a stake in Peru LNG Co. LLC f...

South Korea’s Exports Get off to Strong Start in 2024

South Korea’s exports got off to a strong start this year, with shipment growth accelerating in January amid solid demand for semiconductors...

Hyundai Motor to expand into secondhand EV market

Hyundai Motor Co. will expand its certified secondhand car business into electric vehicles (EVs) to increase the range of used vehicles it deals wit...

Hyundai, Kia EV sales on a roll in US due to better style, pricing

Hyundai Motor Co. and its sibling Kia Corp. sold 6,627 units of electric vehicles together in the US last month, 51% more than a year ago as their d...

Delays in court rulings raise business risks for South Korean companies

Less than five years ago, Invossa, a cell and gene therapy for osteoarthritis, was expected to hit the global market with great fanfare.Developed by...

S.Korea’s 2024 exports get off to strong start on China, semiconductors

South Korea’s exports, the country’s main growth driver, got off to a robust start in January, buoyed by a rebound in semiconductor ship...

Amorepacific's profit halves on weak sales in China; shares drop

South Korean cosmetics giant Amorepacific Group's stock closed at 3,400 won ($2.6) on Wednesday, down 12.1% after the group announced disappointing ...

Korea rejects BlackRock’s $7.5 bn wind farm project

South Korea has slammed the brakes on BlackRock’s offshore wind farm project worth around 10 trillion won ($7.5 billion), citing financing unc...

Fashion Group Hyungji's profit surges 145% in 2023

South Korea's Fashion Group Hyungji reported on Tuesday a preliminary 30 billion won ($22.5 million) in earnings for 2023, a staggering 145% jump fr...