Kakao Brain to unveil AI chest X-ray diagnosis service next year

Come next year, Kakao Brain, the artificial intelligence arm Kakao Corp., is slated to unveil an AI system that can write the first draft diagnosis ...

South Korea's Hyundai Heavy Industries establishes chief AI officer post

South Korea's Hyundai Heavy Industries Group has created the position of chief artificial intelligence (AI) officer (CAIO) to propel a major busines...

Shinsegae Int'l secures domestic sales rights for Italian brand Davines

South Korea's fashion retail giant Shinsegae International on Monday said it has acquired the domestic rights to sell the Italian haircare brand Dav...

KT&G completes elementary school in Laos with employee donations

KT&G, South Korea's dominant tobacco company,  announced on Monday that along with South Korea's non-profit organization Sharing Culture &a...

Hyundai, Kia US sales up 32% in Nov; eco-friendly cars jump

South Kora’s top automaker Hyundai Motor Group enjoyed strong demand in the US last month as the improving automotive chip supply situation bo...

Delay in Apple Pay approval for South Korea sends VAN co. shares tumbling

The news of US mobile device giant Apple launching its Apple Pay service in South Korea this month sent the share prices of companies that assist th...

Average household debt in South Korea exceeds $69,000 so far this year

The average household debt in South Korea has exceeded 90 million won ($69,284). While the figure appears to be high by Korean standards, average ho...

Jeju Samdasoo enters India, ships 45 tons of mineral water

South Korea’s leading bottled mineral water brand Jeju Samdasoo has begun exports to India, shipping 45 tons of the water there from the resor...

KT conducts reshuffle ahead of launching South Korea's top OTT service

Korea's telecom giant KT Corp. has reshuffled its media business units ahead of the pending absorption of its over-the-top (OTT) video platform Se...

SK picglobal builds DPG-only production facility 

SK picglobal, a joint venture between SKC's chemical division and a subsidiary of the Kuwait Petroleum Corporation (KPC) named PIC, have built a pla...

Hyundai, SK to build $1.9 bn EV battery plant in US

Hyundai Motor Group, South Korea’s top automaker, and SK On Co., the world’s fifth-largest electric vehicle battery manufacturer, will b...

Vietnam to get its first Korean-style industrial complex

A groundbreaking ceremony was held Friday for Vietnam's first Korean-style industrial complex, to be built in the country's northern Hung Yen Provin...

Corporate confidence in South Korea hits 23-month low

Business sentiment among South Korea's companies has fallen to its lowest level in 23 months, as worsening business conditions mainly in the non-man...

South Korea's total fertility rate falls under 0.8 in 3rd quarter

South Korea's birth rate in the third quarter this year set another all-time low of under 0.8, and the national population consequently declined f...

Finance ministry stresses need to reduce maximum corporate tax rate

A total of 103 companies, a mere 0.01% of the total number of corporations in South Korea, are paying more than 40% of the country’s total cor...

KDB reaches out to Hyundai, POSCO, CJ, LX on HMM stake sale

State-run Korea Development Bank (KDB) has contacted major conglomerates including Hyundai Motor Group about the sale of its stake in HMM Co., the c...

One out of six married women in South Korea opts out of workforce: NSO

One out of six married women in South Korea has opted out of the workforce, to take on most of the childrearing burden in the family. Around 1....

South Korea aims to build world’s 6th inland base in the Antarctic 

The South Korean government announced on Monday that it will build the world’s sixth inland base in the Antarctic by 2030. The Ministry o...

Lotte to replace construction unit CEO due to liquidity crisis

Lotte Group will replace the head of its construction unit, hit by a liquidity crisis stemming from project financing, to ease investor concerns ove...

Doosan Fuel Cell expands exports with China deal

South Korea's Doosan Fuel Cell on Monday said it has signed an export contract worth 346.9 billion won($255 million) to supply large-scale versions ...

KOGAS to sell $745 mn in hybrid securities despite jittery

The state-run Korea Gas Corp. is set to raise some 1 trillion won ($745 million) by issuing hybrid securities to lower its debt ratio although the d...

Nearly half of South Korea's economists urge repeal of inheritance tax

Nearly half of South Korea's economists want the inheritance tax abolished, according to a survey.The Korea Economic Association on Thursday release...

South Korea's economic bodies urge revision of US Inflation Reduction Act

Six leading economic organizations in South Korea have sent a joint letter to the US government and Congress requesting revision of the US Inflation...

South Korea's DL E&C wins 1st petrochemical plant order in US

South Korean construction company DL E&C has landed its first contract to build a petrochemical plant in the US.The company on Thursday said it ...

Samyang transitions to white biotech with S.Korea’s first isosorbide plant

Samyang Group, a diversified conglomerate, has long focused on the chemicals and foodstuffs sectors. While adding to its existing chemicals bus...

South Korea's listed companies suffer 26% drop in operating profit in Q3

South Korea's companies listed on the main stock exchange Kospi in this year's third quarter saw operating profit drop 26% from the same period last...

Kia mulls investing $754 mn in China instead of Russia

Kia Corp., South Korea’s second-largest carmaker, is considering an investment of $754 million, which had been set aside for Russia, in China ...

SK Geo Centric to build Asia's biggest advanced recycling plant with British partner

South Korea's SK Geo Centric, the green chemical subsidiary of SK Innovation, will build Asia's largest advanced recycling (pyrolysis) plant in the ...

GS Caltex to enter carbon capture, utilization and storage sector

South Korea's oil refining and energy giant GS Caltex has teamed up with leading domestic companies in their respective fields to enter the carbon c...

LG CNS to design smart city system for Indonesia's new capital

South Korea's LG CNS will provide a smart city design for Indonesia's new capital of Nusantara. The company on Tuesday said it signed the day before...