Korea seeks to curb China's offshore wind farm dominance

South Korea will prioritize non-price factors such as economic security and contributions to the domestic supply chain over bidding prices when sele...

LIG Nex1, Palantir join forces on AI weaponry

LIG Nex1 Co., a leading South Korean defense contractor, is teaming up with US artificial intelligence (AI) specialist Palantir Technologies to deve...

SGC E&C secures $189 mn petrochem facility project in Saudi Arabia

SGC Engineering & Construction (E&C), a specialist in design, procurement and construction (EPC), said on Thursday that it has signed a cont...

Korean firms rush to sell bonds with yields at over 2-yr low

South Korea’s corporate bond markets are having an unusually busy summer as companies are rushing to sell debts to lock in lower interest cost...

LG Innotek, Ansys forge digital twin technology partnership

South Korea's LG Innotek said on Thursday that it would expand the use of digital twin technology across its operations, partnering with engineering...

Samsung SDS gains AI management system certification

Samsung SDS Co. announced on Thursday that it has become the first company in South Korea's IT service industry to receive the ISO/IEC 42001 certifi...

PE firms seek to buy Korean explosives maker for $218 mn

A private equity consortium seeks to buy a 100% stake in Koryo Nobel Explosives Co., South Korea’s No. 2 industrial explosives manufacturer, f...

Samsung signs wind turbine structure supply deal with Equinor

South Korea's Samsung Heavy Industries Co. said on Wednesday that it has signed an exclusive agreement with Norway's state-owned energy company Equi...

Hyundai Motor mulls connected car partnership with Google

Hyundai Motor Group is accelerating its efforts to join hands with global tech companies to advance its future mobility technologies ranging from au...

Korean e-commerce startup funding sharply drops since 2022

South Korean e-commerce companies have seen a sharp decline in series A funding over the past three years amid intensifying competition with Chinese...

South Korean stocks rebound but still on rollercoaster

South Korean stocks on Tuesday recouped some of their hefty losses caused by the previous day's global panic selling after financial authorities iss...

South Korean beauty device makers bulk up through M&As

South Korean beauty device manufacturers are aggressively pursuing mergers and acquisitions both at home and abroad to expand their scale, diversify...

Korean e-commerce platforms struggle to draw new capital

South Korean online marketplace operators are struggling to attract investors amid deteriorating profitability and the financial turmoil facing dome...

MLOps startup Vessl AI eyes 50% sales from US in 2025

Vessl AI, a South Korea-native MLOps platform-operating startup, is envisioning a takeoff in the US next year after building a concrete client base ...

Korean shipbuilders in talks for $3.3 bn Qatar LNG tanker deals

South Korean shipbuilders are in talks with Qatari state companies for an estimated $3.3 billion in deals to manufacture additional liquefied natura...

South Korean stock market crashes; more falls seen ahead

The South Korean stock market was one of the worst victims of panic selling by investors fearing further negative US economic news on Monday, with t...

Macquarie buys its 1st Korean data center for $538 mn

Macquarie Korea Infrastructure Fund (MKIF) has signed an agreement to buy a 40-megawatt (MW) data center from Seoul-based IGIS Asset Management Co. ...

Korean tech stocks suffer falls despite strong Q2 results

Some 60% of the Kospi-listed companies that posted above-forecast results in the second quarter of this year have seen their share prices declining ...

GS25 to challenge Daiso in low-cost cosmetics market

South Korean convenience store chain GS25 said on Sunday it would expand the lineup of affordable and small-pack basic cosmetic products, targeting ...

South Korea enjoys record-high kimchi exports in first half

South Korea's kimchi exports surged to an all-time high for a six-month period in the first half of this year, according to data from the Korea Agro...

Slowing economy creates opportunity for S. Korean used car sellers

South Korea’s used car sellers hope to take advantage of the slowing economic growth at home and abroad to expand their market shares.Lotte Re...

Activist fund KCGI to buy Hanyang Securities for $180 mn

South Korean private equity firm KCGI Co. is expected to acquire local brokerage house Hanyang Securities Co. for 244.9 billion won ($179.8 million)...

S.Korean stocks log largest daily loss since pandemic

The South Korean stock market dropped more than 3% on Friday to breach the psychologically important barrier of 2,700 in almost two months, after we...

Korean cosmetics, Amazon Prime Day’s top beauty products

South Korean cosmetics were top picks among beauty products of Amazon Prime members during the global leading e-commerce platform’s largest an...

Samsung invests in US AI security startup Protect AI

Samsung Venture Investment Corp., Samsung Electronics Co.'s venture capital firm, has invested in Protect AI Inc., a US startup offering a security ...

S.Korea, China's technology leak, anti-dumping disputes surge

South Korean companies are getting tough on anti-dumping and patent infringement cases as they feel threatened by the intensifying price competition...

LG Display to sell its last LCD plant to CSOT for $1.5 bn

South Korea’s LG Display Co. plans to sell its liquid crystal display (LCD) panel plant in Guangzhou, China, to TCL China Star Optoelectronics...

BalanceHero sees record high H1 sales in India

BalanceHero, a South Korean fintech startup that entered the Indian market, announced on Friday that its sales and loan execution amounts for the fi...

South Korea’s Inflation reaccelerates in July

South Korea’s headline inflation picked up at a stronger-than-expected pace in July, reaccelerating due to higher prices for agricultural and ...

Woori Financial Group relaunches brokerage arm

Woori Financial Group has returned to South Korea’s brokerage service market after a decade with the launch on Thursday of Woori Investment &a...