OpenAI’s Sam Altman seeks help from Korean startups, chipmakers
Sam Altman, chief executive of Microsoft-backed OpenAI and ChatGPT creator, said on Friday that he hopes to collaborate with South Korean developers...
Korean golf club, apparel markets face decline in post-pandemic era
South Korea’s golf equipment and apparel markets enjoyed a boom during COVID-19. But they are facing a downturn this year amid the growing pop...
S.Korean gov’t to showcase domestic fresh eggs in Hong Kong
South Korean Ministry of Agriculture, Food and Rural Affairs and Korea Agro-Fisheries & Food Trade Corporation (aT) announced on Friday that it ...
Hyundai Card issues $193 mn Korean green bonds
South Korea's Hyundai Card announced on Friday that it has issued a green bond worth 250 billion won ($193 million), becoming the first company in t...
BlackRock buys $860 mn stake in S.Korean gas supplier
Global asset manager BlackRock has bought a 30% stake in South Korea’s industrial gas supplier AirFirst Co. for 1.11 trillion won ($860 millio...
Korean battery maker SK On attracts $400 mn from Hillhouse
South Korean battery maker SK On Co. has secured $400 million from Hillhouse, a Singapore-headquartered asset management firm, investment banking so...
Samsung top in world smartphone market in Q1, beating Apple
Samsung Electronics Co. regained the top spot in the smartphone market, surpassing Apple in the first quarter of 2023. This outcome was driven by th...
Craft brewery startups poised to revolutionize brew scene in South Korea
Craft beers and highballs from emerging breweries and distilleries are poised to disturb the South Korean alcoholic beverage market dominated by gia...
Glonet: A case of Korea's logistics David vs Japan’s shipping Goliath
TOKYO – Glonet Co. is a novice logistics company hardly known in Japan’s time-honored shipping industry.The small South Korean shipping ...
Affinity Equity Partners’ Korea head Sam Lee resigns
Affinity Equity Partners’ Seoul office head Sam Lee has left the global investment firm, sources familiar with the matter told The Korea Econo...
LG Electronics eyes premium market in Saudi Arabia, India
LG Electronics Inc. will seek out new business opportunities as a premium brand in Saudi Arabia for the oil-rich kingdom’s $500 billion Neom m...
Hyundai to supply 1,300 hydrogen buses in Seoul by 2026
Hyundai Motor Co., along with South Korean Ministry of Environment, the Seoul Metropolitan Government, SK E&S and Tmap Mobility, signed a memora...
CAPA: Dong-A ENG Co.
Key facts:- Industry: Mass-production mold design and manufacturing/machinery manufacturing- Mainstay products/services: Automotive interior molds, GM...
Samsung Biologics to double production by 2032; eyes ADCs, M&As
BOSTON – Samsung Biologics Co., the world’s No. 1 contract drugmaker, plans to more than double its total annual production capacity to ...
Korean Air says it can conclude Asiana takeover via big concessions
The head of Korean Air Lines Co. has expressed confidence over the airliner's proposed acquisition of Asiana Airlines, saying, "We will make it happ...
Doosan Bobcat invests in US-based agtech company
Doosan Bobcat, the construction and agricultural machine making affiliate of South Korea’s Doosan Group, has announced on Wednesday a str...
Dong-A Eng Co.
Key facts Main Business Industrial mold design and manufacturing / machinery manufacturing212.1 Millions USE(Automated Optical Inspection; AOI...
Korean investors’ risky bet: Buy inverse ETFs as Kospi heads higher
Among the most cited stock market sayings by experts and laymen alike are “buy the dips” or “sell on news” – tim...
S.Korean beauty brands lean toward social media stars
AmorePacific Corp.'s new brand launch in February with top South Korean social media influencer Lee Sa-bae created a sensation in the domestic cosme...
Korean LCC Air Premia to spur growth through IPO, more aircraft
Air Premia Inc., a South Korean low-cost carrier (LCC) that was established in 2017 and started flight operations last July, is gearing for fast gro...
Korean startups opt for Konex, loans for survival during IPO winter
South Korea's anemic initial public offering market has forced the country’s startups to become more creative in raising funds as they shift t...
Fifty Fifty label seeks investment from Silicon Valley
The South Korean label behind K-pop rookie sensation Fifty Fifty is looking to Silicon Valley for investment as the four-girl band, already with a l...
SKIET signs deal to supply secondary battery separators to N.America
SK IE Technology Co. (SKIET), an SK Innovation-affiliated manufacturer of secondary battery separators, is set to move into the North American marke...
Korean carmakers' May sales grow for 9th straight month
South Korean carmakers marked sales growth for nine consecutive months as of end-May with the easing of the global semiconductor shortage and rising...
South Korea hosts first Universo Ferrari exhibition in Asia
For the first time in Asia, South Korea is hosting an event featuring the history of the Italian sports car brand Ferrari.Ferrari on Thursday opened...
Optimism and hope for South Koreans
I sometimes receive emails from Koreans asking why I don’t consider some of the more troubling social issues their country faces when I am pla...
South Korea’s Hyundai Elevator applies AI to boost customer convenience
"Miri is a leading example of digital transformation in the elevator sector that raises a notch service speed and customer convenience. Let’s ...
S.Korea opens logistics center at Surabaya port, Indonesia
South Korea said it opened a logistics center at a port in Surabaya, Indonesia, to support exports to Southeast Asia’s top economy.The Ministr...
HD KSOE secures $938 mn contract for 5 LNG-powered container ships
HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediate shipbuilding holding company of HD Hyundai Co., said on Thursday that i...
South Korean game developers expand business with IPs
South Korean game developers are expanding their business portfolios through their intellectual property to boost profits with a goal to create glob...
