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...

S.Korea’s foreign currency deposits fall as dollar’s strength seen limited

South Korea’s foreign currency deposits fell for the first time in four months in January as the dollar’s further gains versus the won f...

Hanwha Aerospace, home of Korea’s next-generation space industry

CHANGWON, South Gyeongsang Province – South Korea’s Hanwha Aerospace Co. aims to establish a foothold in the global rocket industry domi...

Defy convention with long-run plans to upvalue Korean stocks

The South Korean stock market has been on an upward swing in recent weeks, with many partly attributing it to President Yoon Suk Yeol’s pledge...

S.Korea to up the ante on small modular reactor foundry business

South Korea will nurture the small modular reactor (SMR) foundry business to revive the country’s nuclear power industry by rolling back the p...

SK C&C wins Korea’s nod for brain infarct diagnosis AI solution

SK Inc C&C (SK C&C), the information technology service unit of South Korea’s SK Group, said on Thursday it has secured medical device...

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...

Korea announces 1st local firm to issue multiple voting shares

South Korea announced on Wednesday that Colosseum Corporation Inc., an artificial intelligence-powered logistics services provider, has become the f...

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...

SK Energy, PTC Korea team up for smart plant construction business

SK Energy Co., South Korea’s top oil refiner and energy company, said on Wednesday it has teamed up with PTC Korea Co. to jointly enter the gl...

Meta’s Zuckerberg to visit Korea on possible AI partnership

Mark Zuckerberg, chief executive of US tech giant Meta Platforms Inc. plans to visit South Korea later this month and meet key figures including Pre...

LG Electronics to develop hotel-exclusive robots

LG Electronics Inc. will develop hospitality robots jointly with South Korea’s luxury hotel chain operator Josun Hotels & Resorts Co. to m...

Hyundai Motor Group in test run of dedicated EV plant in Korea

Hyundai Motor Group, the world’s No. 3 automaker, started a test operation of the first dedicated electric vehicle factory in South Korea to a...

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...

Series C startup Wefun eyes 2025 IPO in S.Korea

Wefun, a Seoul-based startup operating an office maintenance, repair and operation (MRO) platform, plans to go public next year after successfully r...

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...

India equity funds top overseas stock funds in S.Korea

India equity funds registered in South Korea have doubled their investors' wealth over the past five years, luring high-net-worth individuals lookin...

Samsung, LG go head-to-head in washer-dryer combo market

Samsung Electronics Co. and LG Electronics Inc., South Korea’s tech giants, are in cut-throat competition to lead the all-in-one, single-drum,...

S.Korea's EcoPro to seek local talent in Hungary

South Korean battery materials manufacturer EcoPro Co. announced on Monday that it partnered with the Debrecen Vocational Training Center in Debrece...

Cooling demand sparks layoffs at Korean spirits importers

Dwindling demand for foreign beers and whiskeys in South Korea has led some local liquor importers to let go of some staff, spurring concerns about ...

S.Korea to build new English disclosure system

South Korea’s Financial Supervisory Service (FSS) announced on Feb. 18 that it will broaden the scope of its English electronic disclosure ser...

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...

Korea's job growth at 10-month high despite weak youth employment

South Korea’s job increases rose for a second straight month to a 10-month high in January thanks to higher employment of the older, although ...

Korea's military fund, LIG Nex1, IBK to form $60 mn defense fund

South Korea’s Military Mutual Aid Association (MMAA), a retirement savings fund for military personnel, will create an 80 billion won ($60 mil...

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 ...

Sindoh to tap ex-STIC Investments exec Seo as CEO, spur M&As

Sindoh Co., a leading manufacturer of multi-functional printers in South Korea, is set to tap an investment banking expert as its chief executive. W...