Foreign airlines fill hole left by Korean carriers

Foreign airlines fill hole left by Korean carriers

Foreign carriers such as Delta Air Lines and Vietnam’s VietJet Air are rapidly increasing flights to and from South Korea, filling the hole le...

Korean refiners lift runs to 3-year high on record exports

Korean refiners lift runs to 3-year high on record exports

Refiners in South Korea raised their operating rates to a three-year high in 2022 as petroleum product exports hit a record high in value.Refinery r...

Samsung Biologics’ profit near doubles on strong orders

Samsung Biologics’ profit near doubles on strong orders

Samsung Biologics Co., the world’s top contract drugmaker, said its profit almost doubled last year thanks to more orders as its sales surged ...

LG Energy to raise capex by 50% in bet on strong EV growth

LG Energy to raise capex by 50% in bet on strong EV growth

LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, plans to ramp up capital expenditure by more than half thi...

A-Team Ventures succeeds in attracting $4.1 mn investment from LX

A-Team Ventures succeeds in attracting $4.1 mn investment from LX

A-Team Ventures, which runs an online manufacturing platform "Capa," said on Friday that it has raised a Series B funding of 5 billion won ($4.1 mil...

KT&G refuses activist funds' call for ginseng biz spinoff

KT&G refuses activist funds' call for ginseng biz spinoff

KT&G Corp., the world’s fifth-largest tobacco maker, on Thursday refused activist funds' requests to spin off and list its ginseng unit wh...

Korean proptech startup Sweet Spot attracts $7.7 mn Series B funding

Korean proptech startup Sweet Spot attracts $7.7 mn Series B funding

South Korea's retail property technology startup Sweet Spot attracted a Series B investment of 9.5 billion won ($7.7 million) from venture capital a...

South Korea fines US brokerage $9.6 million for high-frequency trading

South Korea fines US brokerage $9.6 million for high-frequency trading

South Korea has fined Citadel Securities over 10 billion won ($8.1 million) for disrupting market order through high-frequency trading in the countr...

DongKoo Bio signs MOU to move into SE Asian healthcare market

DongKoo Bio signs MOU to move into SE Asian healthcare market

DongKoo Bio & Pharma Co. has built a bridgehead for expansion toward the world, including Southeast Asia by joining hands with LVMC Holdings, th...

South Korea’s economic contraction deepens recession woes

South Korea’s economic contraction deepens recession woes

South Korea suffered its first economic contraction in two and half years due to sluggish exports and weak domestic demand during the fourth quarter...

LG Elec targets indoor golf market with its ProBeam projector

LG Elec targets indoor golf market with its ProBeam projector

LG Electronics Inc. is targeting the overseas indoor golf market with its premium commercial projector LG ProBeam.The company said on Thursday that ...

Samkang M&T to supply offshore wind power substructure to Japan's NSE

Samkang M&T to supply offshore wind power substructure to Japan's NSE

Samkang M&T, a subsidiary of SK Ecoplant Co., has signed a contract to supply jacket foundations for offshore wind generators to a Japanese comp...

HK inno.N to introduce biosimilars for bone disease treatment from Spain

HK inno.N to introduce biosimilars for bone disease treatment from Spain

South Korea's biohealth company HK inno.N said on Wednesday that it has signed an agreement with Spanish pharmaceutical company mAbxience SA to intr...

Inventage Lab launches clinical trials for addiction treatment in Australia

Inventage Lab launches clinical trials for addiction treatment in Australia

South Korea's Inventage Lab, a developer of a drug delivery system platform, on Wednesday said it received approval from the Human Research Ethics C...

LG Innotek, Samsung Electro-Mechanics Q4 profit disappoint

LG Innotek, Samsung Electro-Mechanics Q4 profit disappoint

LG Innotek Co. and Samsung Electro-Mechanics Co., two major South Korean suppliers for Apple’s iPhone, on Wednesday reported more than a 60% p...

Korean oil refiners to bask in record profits with hefty bonuses

Korean oil refiners to bask in record profits with hefty bonuses

Employees at South Korea’s oil refiners are expected to receive hefty bonuses after their companies posted record earnings last year amid hi...

S.Korean companies in renewed push for Kosdaq listings

S.Korean companies in renewed push for Kosdaq listings

South Korean companies are making renewed pushes to go public this year even at the expense of reduced IPO values.Zaram Technology Inc., a chip desi...

Silicon Valley, Korean startups’ choice for global business

Silicon Valley, Korean startups’ choice for global business

Silicon Valley was the favorite place for South Korean startups for their global business as more of them were established in other countries for th...

Celltrion increases its stake in British ADC developer Iksuda

Celltrion increases its stake in British ADC developer Iksuda

Celltrion Inc. has secured an additional stake in the UK's antibody-drug conjugate (ADC) developer Iksuda Therapeutics.According to Celltrion on Wed...

Korean tractor exports hit record high of $1.3 bn in 2022

Korean tractor exports hit record high of $1.3 bn in 2022

Exports of South Korean tractors hit a fresh record high for the second consecutive year in 2022, according to Korea Customs Service on Jan. 24. Kor...

Take QR code instead of long password when connecting to Wi-Fi

Take QR code instead of long password when connecting to Wi-Fi

LG Uplus Corp. introduced a functionality that allows access to Wi-Fi through an Internet TV screen. This is intended to make it possible to connect...

Kolmar Korea to establish new cosmetics production base in Sejong City

Kolmar Korea to establish new cosmetics production base in Sejong City

South Korea's cosmetic original design manufacturer Kolmar Korea said Wednesday that it would establish a cosmetics production base equipped with ar...

Korea’s Samsung C&T to build modular homes in Saudi Arabia

Korea’s Samsung C&T to build modular homes in Saudi Arabia

Samsung C&T Corp., the construction and trading arm of South Korea’s top conglomerate Samsung Group, is set to build modular homes in Saud...

Samsung Display unveils touch-enabled OLED laptop PC screen

Samsung Display unveils touch-enabled OLED laptop PC screen

A South Korean company has developed an OLED laptop PC display with a touch function like a smartphone screen without needing a separate film attach...

S.Korean stock issuance volume declines 24% in 2022

S.Korean stock issuance volume declines 24% in 2022

The volume of stock issuance in South Korea declined sharply last year due to the softening stock market. Amid rising interest rates, the amount of ...

Koh Young to showcase 3D inspection tech at IPC APEX EXPO

Koh Young to showcase 3D inspection tech at IPC APEX EXPO

Koh Young Technology Inc., a leading 3D optical inspection devices maker in South Korea, is set to participate in IPC APEX EXPO 2023 in San Diego to...

Korean Air to resume flight services on four European routes

Korean Air to resume flight services on four European routes

Korean Air Lines Co. will resume operations on four European routes, including Prague, the Czech Republic, sequentially from March for the first tim...

KB Financial recognized as global sustainability leader

KB Financial recognized as global sustainability leader

South Korea's KB Financial Group was selected as one of the "Global 100 Most Sustainable Corporations in the World" list announced by Corporate Knig...

ST Pharm exports $14.6 mn worth of drug ingredients to Europe

ST Pharm exports $14.6 mn worth of drug ingredients to Europe

ST Pharm Co., a South Korean company specializing in contract development and manufacturing of drug ingredients, has signed a supply contract worth ...

SK On, graphite processor Urbix to jointly produce anode materials

SK On, graphite processor Urbix to jointly produce anode materials

South Korea's SK On Co. and US graphite processor Urbix Inc. have signed an agreement to jointly develop high-performance anode materials, Korea's l...

Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media Return of the K-pop queens: Blackpink, Twice power up YG, JYP Samsung to launch AI health coach beta in US by end-2025 South Korea moves to mandate treasury share cancellation