S.Korea to invest in Korean-owned overseas startups

South Korea will expand startup nurturing programs into overseas venture companies launched by Koreans from next year as the country is stepping up ...

Webcash launches WeBill 365 in Cambodia

South Korea's Webcash Co. has launched its specialized billing solution "WeBill 365" in Cambodia."WeBill 365 maximizes convenience and efficiency fo...

New, restyled models intensify SUV battle in S.Korea

Global automakers are racing to release new and restyled sport utility vehicles in South Korea, intensifying the battle to dominate the biggest auto...

France’s new EV subsidy bill may violate Korea-EU FTA: KITA

The South Korean auto industry has called for an amendment in France’s new subsidy policy for electric vehicle purchases after voicing concern...

Sapeon completes $45 mn series A funding

Sapeon, a South Korean artificial intelligence (AI) semiconductor company, announced on Wednesday that it has concluded a Series A funding round, ra...

S.Korean lenders in New York luxury hotel likely to see losses

Some South Korean institutional investors may see significant losses on their investment in a hotel in the heart of New York as the developer has de...

K-pop rookies, fresh boost for Korean entertainment stocks

South Korea’s entertainment stocks are poised to rally as K-pop newbies gain momemtum, attracting not only global music fans but also investor...

S.Korea's Kumho HT to set up local subsidiary in India

South Korea's automotive lighting device maker Kumho HT, Inc. announced on Monday its strategy to set up an India corporation, capitalizing on the b...

Voronoi to strengthen AI-driven open innovation

South Korea’s biotechnology startup Voronoi Inc. announced on Monday that it is intensifying its artificial intelligence (AI)-driven new drug ...

LG Uplus’ platform push gains traction with active venture funding  

LG Uplus Corp., South Korea’s third-largest mobile carrier, which has joined its two bigger local rivals in a race to expand non-telecom servi...

JW Pharma to participate in S.Korea’s new drug project

South Korea's JW Pharmaceutical announced on Monday that its experimental hair loss drug, JW0061, has been selected for a two-year funding program b...

The Hyundai Seoul attracts 100 mn visitors in 30 months

The Hyundai Seoul, the largest shopping mall in the South Korean capital, has attracted over 100 million visitors since its opening to emerge as a h...

NPS likely to give full rights on asset managment to experts

The National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, is poised to give investment experts full rights ...

Daewoong applies for approval of Envlo in Saudi Arabia

South Korea's Daewoong Pharmaceutical Co. announced on Friday that it has submitted an application for regulatory approval of its new diabetes treat...

Genesis ranks top in J.D. Power’s new car advanced tech survey

Hyundai Motor Co.'s premium brand Genesis secured first place in J.D. Power 2023 Tech Experience Index (TXI) study In this year’s J.D. Po...

Naver eyes global market with new LLM HyperCLOVA X

Naver Corp., the South Korean online platform giant, has finally debuted its upgraded large language model (LLM) HyperCLOVA X, its new pillar busine...

LG Group accelerates shift toward AI, bio and clean tech

Artificial intelligence, bio and clean tech are in their early stages of development for LG Group, but they should lead the South Korean conglomerat...

LG Chem to sell film factories amid shift to new growth drivers

LG Chem Ltd., South Korea’s chemical major, is seeking to sell its film factories at home amid accelerating business reorganization centered a...

CJ's Bibigo launches new global campaign

South Korean food giant CJ CheilJedang Corp.'s flagship brand Bibigo is engaging with consumers worldwide through a new campaign. The company announ...

Schindler-invested Hyundai Elevator faces S.Korean activism

South Korea’s Hyundai Elevator Co., the No. 2 shareholder of which is Schindler Holding AG, has faced a request from a local activist investor...

SK Enmove partners with Dell, GRC for data center coolant business

South Korea’s lube oil maker SK Enmove Co. has partnered with US computer maker Dell Technologies Inc. and data center cooling system provider...

Tesla Model Y runs with Kumho’s EV tires, its new cash cow

Tires tailored for electric vehicles are expected to become the next cash cow of South Korean tire maker Kumho Tire Co. thanks to growing EV tire or...

Zuck’s Threads losing battle against Musk’s X in South Korea

Meta CEO Mark Zuckerberg is losing a fight against Tesla CEO Elon Musk in the South Korean short-form social media platform sector.Threads, Meta&rsq...

Korea’s business lobby group FKI goes down in history in disgrace

The Federation of Korean Industries (FKI), the voice of the conglomerates that formed the engine of the South Korean economy for more than five deca...

Hanmi Pharm to start global clinical trials for immune-oncology drug

South Korea's Hanmi Pharmaceutical Co. announced on Tuesday that it has received approval for the phase 1 clinical trial plan of the immune-oncology...

LG Electronics to unveil new washer-dryer combo

LG Electronics Inc. will soon roll out a new and improved washer-dryer combo.The company on Monday said it will unveil the LG Signature Washer-Dryer...

CJ Foodville picks Arges PE as preferred negotiator to attract investment

Arges Private Equity has been chosen as the preferred negotiator for attracting investment in CJ Foodville, the food service subsidiary of South Kor...

Samsung to apply gaming-specific tech to Nexon’s new title

South Korea's Samsung Electronics Co. announced a partnership with domestic video game developer Nexon Co. on Monday to release the world's first ...

Hanwha Life sees cumulative profit in 15 years in Vietnam

Hanwha Life Insurance Co.’s Vietnamese subsidiary has reported a cumulative profit in 15 years, marking the first South Korean insurers’...

Kia to revive Ray EV to kick start S.Korean city car market

Kia Corp., South Korea’s No. 2 automaker, aims to revitalize the local city car segment with the reintroduction of an electric version of the ...