Cowell Fashion acquires Superdry’s Asia-Pacific IP rights for $50 mn

South Korea's innerwear company Cowell Fashion Co. has acquired the Asian rights to the British fashion brand Superdry for $50 million and plans to ...

HD Hyundai, Korea Univ. open internship to develop future talent

South Korea's HD Hyundai Co. and Korea University will jointly develop next-generation personnel to lead core business lines of the future.Chung Ki-...

S.Korea's ST Pharm supplies $49 mn worth of APIs to European drug firm

ST Pharm Co., a South Korean pharmaceutical firm, announced on Thursday that it had entered into an agreement to supply oligonucleotides to an undis...

S.Korea's CGBio exports $8 mn filler to Australia, New Zealand

CGBio, a South Korean bio-regenerative medical company, announced on Thursday that it has signed a contract to export its hyaluronic acid (HA) fille...

Saudi Arabia emerges as land of opportunity to Korean startups

South Korean startups rush to the Kingdom of Saudi Arabia, where the government is keen to nurture startups with innovative and disruptive ideas and...

SK On, EcoPro, China’s GEM to jointly build precursor factory

South Korea’s electric vehicle (EV) battery major SK On Co. will build a precursor plant at home with a Korean partner, EcoPro Co., and China'...

Hanwha gets nod on DSME deal from most countries, but not Korea

South Korea’s leading defense maker Hanwha Group has obtained approval for its acquisition of Daewoo Shipbuilding & Marine Engineering Co....

KT faces protracted leadership vacuum amid political meddling

Yoon Kyoung-lim, the sole nominee to be KT Corp.’s next chief executive, has offered to resign, sending the selection committee of the top S...

Brokerage firms in S.Korea log sharp falls in 2022 earnings

Brokerage firms in South Korea, led by Mirae Asset Securities Co., suffered a 50% plunge in net profit in 2022, as dwindling trading fees outweighed...

S.Korean fashion platform Ably attracts $39 mn before Series C round

South Korea’s Ably Corp., operator of the fashion shopping app Ably, has attracted 50 billion won ($39 million) via venture debt amid the slow...

DB HiTek mulls $780 mn capex in foundry after fabless demerger

South Korea’s chip foundry company DB HiTek Co. is mulling about 1 trillion won ($780 million) in capital expenditures to enhance its foundry ...

HMM receives Gold rating in EcoVadis ESG evaluation

HMM Co., formerly known as Hyundai Merchant Marine, announced on Thursday that it has received the "Gold" rating for environmental, social and gover...

LS Cable wins $86 mn contract to supply submarine cables to Taiwan

LS Cable & System Ltd. announced on Thursday that it has won a contract worth about 110 billion won ($86 million) to supply submarine cables for...

Goobne Chicken signs franchise contract with Texas-based company

Goobne Chicken, an oven-baked chicken brand operated by GN Food Corporation of South Korea, announced on Thursday that it had signed a master franch...

Paris Baguette expands to Canada with first store in Toronto

SPC, the South Korean food and beverage conglomerate, announced the opening of the first Paris Baguette store in Toronto, Canada, on March 23. The m...

S.Korean robot startup aims to ramp up supply by 9 times

A South Korean autonomous-driving robot startup Neubility aims to increase supply by almost nine times this year as demand for such machines in the ...

South Korea’s births fall to record low in January

South Korea’s births fell to a fresh low in January, while the number of deaths reached its record high, statistics data shows, signaling an a...

SK Innovation invests an extra $50 million in US clean energy firm Amogy

South Korea’s SK Innovation Co. has newly invested $50 million in Amogy Inc., a US ammonia-based power system developer, to expand its green b...

EV fast-charging company Crocus succeeds in $5 mn Series B funding

Crocus Inc., a South Korean startup focused on energy infrastructure and leveraging artificial intelligence (AI), announced on Wednesday that it rai...

Ssangyong Motor changes name to KG Mobility

South Korea’s Ssangyong Motor Co., whose new owner is KG Group, has renamed itself KG Mobility, its first name change in 35 years.With its new...

Samsung reaffirms commitment to water conservation on World Water Day

Samsung Electronics Co., the world’s largest memory chip producer, reaffirmed its corporate pledge to protect water resources, which are criti...

Kyobo Life chief Shin Chang-jae inducted into insurance hall of fame

Shin Chang-jae, chief executive and chairman of South Korea’s Kyobo Life Insurance Co., has been honored with a prestigious award from the I...

Kakao Mobility buys UK ride-hailing startup Splyt for global biz

South Korea’s Kakao Mobility Corp. said on Wednesday it has acquired the British ride-hailing startup Splyt, marking the first overseas takeov...

Korea's Kolon Group takes first step successfully in space launch vehicle biz

South Korea's Kolon Group announced on Wednesday that Kolon DACC Composite participated in the launch of the first private test launch vehicle in Ko...

Kolon Industries to make 100% plant-based eco-friendly plastic

Kolon Industries Inc.'s Future Technology Institute announced on Wednesday that it has partnered with Stora Enso Oyj, a global biomaterials leader f...

SK Ecoplant Americas completes fuel cell project at US hospitals

SK Ecoplant Americas has completed a project to supply and install solid oxide fuel cells at US hospitals in collaboration with Bloom Energy. The pr...

Doosan Enerbility wins back-to-back power plant deals in Central Asia

South Korean power plant builder Doosan Enerbility Co. has secured a series of contracts in Central Asia, including orders in Uzbekistan and Kazakhs...

LG Chem supplies RO filters for Chinese lithium extraction project

South Korea's LG Chem Ltd. has supplied reverse osmosis (RO) filters for a project to extract lithium from China's largest salt lake.The company on ...

KB, Hana drive major S.Korean overseas banking profits lower

KB Kookmin Bank and Hana Bank led weaker earnings of the four largest South Korean lenders’ overseas units last year although their rivals Shi...

CGBio inks export deal for hyaluronic acid fillers with Chinese distributor

CGBio, a South Korean bio-regenerative medical company, has signed an export deal with Shanghai Feiting Trading Co., a Chinese medical device distri...