LG Chem to launch new diabetes combination drug Zemidapa

South Korean chemical company LG Chem Ltd. has announced the release of a new diabetes combination drug, Zemidapa Tab, set to launch on Apr. 8. Th...

Samsung Elec to invest $3.1 bn in S.Korean OLED plant

Samsung Electronics Co., the world’s largest smartphone maker, is set to spend 4.1 trillion won ($3.1 billion) on a new organic light-emitting...

SK Hynix to raise $1.5 bn in exchangeable bonds

SK Hynix Inc., the world’s second-largest memory chipmaker, said on Monday it would raise $1.5 billion through exchangeable bonds (EBs) in a p...

Innocean's subsidiary D&G opens Brooklyn office

Innocean, a Hyundai Motor Group-affiliated advertising agency, announced on Monday that it has opened a Brooklyn office of creative subsidiary David...

S.Korea invests $763.4 mn in strategic tech IP like aerospace, robotics

The South Korean government will inject this year budget of 1 trillion won ($763.4 million) in intellectual property (IP)-related projects.The Presi...

VIP Asset’s new mutual fund to forgo operating fees if it posts losses

VIP Asset Management Co., a leading South Korean asset manager, said on Friday it is launching a new mutual fund, and its managers won’t take ...

KB Financial launches $193 million fund to invest in global startups

South Korea’s second-largest financial institution KB Financial Group will launch a 250 billion won ($193 million) fund to invest in startups ...

Hugel names ex-CEO of LG Household & Health Care as chairman

South Korea's biopharmaceutical company Hugel Inc. on Friday said it appointed Cha Suk-yong, former CEO and vice chairman of LG Household & Heal...

Hyundai debuts possible final Sonata, Tesla joins 1st time: Seoul auto show

Hyundai Motor Co. may consider discontinuing its steady seller Sonata sedan after the latest edition's release, the company’s chief hinted at ...

Hanwha Life acquires Indonesia's Lippo General Insurance

South Korea's Hanwha Life Insurance said on Thursday that it has acquired a 62.6% stake in Indonesian insurer Lippo General Insurance, in collaborat...

Eugene Corp. develops concrete production simulation system

South Korea's Eugene Corporation, which specializes in ready-mixed concrete and construction material distribution, announced on Wednesday that it h...

LG Group Chairman names AI, bio, clean tech as new growth engines

LG Group Chairman Koo Kwang-mo has pledged to continue investing in future-oriented businesses and human resources despite the global economic slowd...

LG Innotek unveils new 5G communication module for self-driving cars

South Korea’s LG Innotek Co. on Wednesday unveiled its second-generation 5G communication module for use in autonomous driving cars.Based on Q...

S.Korea's KOTRA sends chip investment survey team to Texas

The government-run (South) Korea Trade-Investment Promotion Agency (KOTRA) on Tuesday said it dispatched to Texas a survey team for semiconductor in...

Kia EV9 boasts 336-mile target range in digital world premiere

Kia Corp.’s second all-electric sport utility vehicle EV9 made its global premiere virtually on Tuesday, boasting a target driving range of 54...

Korea's Cafe24 launches customized enterprise service

South Korea's global e-commerce platform Cafe24 Corp. announced on Tuesday the launch of a new page called "Cafe24 Enterprise Service," which is des...

Samsung unveils Exynos Modem 5300 to rival Qualcomm, MediaTek

South Korean tech giant Samsung Electronics Co. has unveiled its latest 5G telecommunications modem, the Exynos Modem 5300, to compete with rivals s...

Samsung, SK Hynix asked to swallow tough pill over US CHIPS Act

 WASHINGTON, D.C. – South Korean chipmakers on Tuesday expressed deep concerns about the detailed guidelines of the US CHIPS and Science ...

LG Elec launches LG Whisen Tower II air conditioner

LG Electronics Inc. announced on Tuesday the launch of its latest air conditioner, the LG Whisen Tower II. The product boasts a sleek design that el...

Hanjin launches global C2C purchase platform Hoot Town

Hanjin Transportation, a logistics and B2B/B2C delivery business subsidiary of South Korea’s Hanjin Group, has launched Hoot Town, a global co...

S.Korean fashion company LF diversifies portfolio with new brand Patou

In a move to expand its range of offerings, South Korean fashion company LF Corp. has introduced a new emerging brand, Patou. As the preferences of ...

Korea's CJ Bioscience buys drug candidates from 4D pharma of the UK

South Korea’s pharmaceutical and healthcare company CJ Bioscience Inc. has acquired drug candidates from the UK's 4D pharma plc. to improve co...

Kwangdong introduces new drug candidate for pediatric myopia

South Korean pharmaceutical company Kwangdong Pharmaceutical announced on Monday that it has signed a contract with Hong Kong-based Zhaoke Ophthalmo...

Korean startup investments rapidly dry up in wake of SVB debacle 

The shock from the collapse of American startups’ main financing artery Silicon Valley Bank (SVB) has been deeply felt in the South Korean sta...

JW Pharma receives 1st overseas patent for its hair loss treatment

JW Pharmaceutical, a drug company based in South Korea, has received its first patent for a hair loss treatment that is currently in development. Th...

GM's SUV Trax Crossover gets 6,000 preorders in 3 days

The Chevrolet Trax Crossover, a utility vehicle mass produced by General Motors Korea, is soon expected to exceed 10,000 preorders amid greater-than...

Samsung Chairman Lee to meet new premier in China

Samsung Electronics Co. Chairman Jay Y. Lee arrived in Beijing on March 23 to review the chipmaker’s business in China, which is gradually rec...

S.Korea to benefit from rising global defense spending

South Korea is expected to log another year of record defense exports in 2023 thanks to growing military budgets across the world as local major arm...

Hanwha to build solar cell components plant in Georgia

South Korea’s Hanwha Advanced Materials Corp. will spend $147 million to build a solar panel components plant in the US state of Georgia, acco...

S.Korea's Amorepacific opens new space in metaverse

Amidst the accelerated entry of fashion and beauty brands into the metaverse to seize future opportunities, Amorepacific Corp. has also joined the b...