KAI signs agreement with Northrop Grumman to develop UAVs
Korea Aerospace Industries Ltd. (KAI) said on Thursday that it signed a memorandum of agreement (MOA) in relation to "technical cooperation on verti...
Korean law firm creates startup investment association
The Law Office of Choi & Lee, a small-sized law firm, became Korea's first law firm to invest in startups. In one of the most difficult times wh...
LIG Nex1 signs contract for next-gen military radio system
LIG Nex1 Co. said on Thursday it has signed a contract worth 80 billion won ($63.1 million) with the Defense Acquisition Program Administration for ...
KAI, KARI collaborate in developing Korean UAM
Korea Aerospace Industries Ltd. (KAI) has signed an agreement with the Korea Aerospace Research Institute (KARI) to help KARI perform a dry run test...
KAI to develop Korea's first mine-sweeper helicopter
Korea Aerospace Industries Ltd. (KAI) is poised to start R&D on a minesweeper helicopter that specializes in removing underwater mines.The compa...
KTNET shows off logistics platform for tracking cargo, documents
The Korea Trade Network (KTNET) held a grand opening event for its uTH 2.0, a digital trade logistics platform, in partnership with the Korea Intern...
Korean military aircraft maker KAI to spend $1.1 bn on R&D
Korea Aerospace Industries Ltd. (KAI), the country’s military aircraft manufacturer, is poised to invest 1.5 trillion won ($1.1 billion) in re...
K League's campaign wins gold prize at International ad festival
The promotional video for the "Dribble-made Route" campaign produced by the Korea Professional Football Association (K League) in partnership with H...
S.Korean President Yoon to lead national space policy
South Korean President Yoon Suk-yeol is set to lead the National Space Council, the country’s top control tower for space development, in a bi...
Nearly half of South Korea's economists urge repeal of inheritance tax
Nearly half of South Korea's economists want the inheritance tax abolished, according to a survey.The Korea Economic Association on Thursday release...
K-pop megaband BTS to serve military duty, agency says
Members of K-pop boy band BTS will fulfill South Korea’s national military duty, starting with its oldest member Jin, their agency HYBE Co. an...
Malaysian officials to visit KAI plant for fighter jet deal
Malaysian government officials are scheduled to visit Korea Aerospace Industries Ltd. (KAI) next month for a light fighter jet contract, media repor...
SK’s Chey says survival is now top priority over profits
SK Group Chairman Chey Tae-won says that survival now takes top priority over profits and management efficiency as escalating tensions between the U...
KAI signs $3 bn fighter jet export contract with Poland
Korea Aerospace Industries Ltd. (KAI), the country’s military aircraft manufacturer, has inked a formal deal worth $3 billion to export light ...
US chipmaking association chief stresses Chip 4 Alliance not about China
John Neuffer, president and CEO of the United States Semiconductor Industry Association (SIA), visited South Korea earlier this week on the primary ...
S.Korea mulls public survey to decide on BTS' military service exemption
The issue of allowing K-pop megaband BTS to fulfill alternative service to active military duty resurfaced again on Thursday, with government offici...
Hanjin Group management rights feud resolved with aid of LX Group
LX Pantos, an LX Group affiliate, has acquired a 3.86% stake in Hanjin KAL Corp., the holding company of Hanjin Group.The LX Group is considered a k...
Hyundai Motor Group to invest in fabless startup BOS Semiconductors
Hyundai Motor Group announced on Wednesday that it will invest in Seongnam-based fabless startup BOS Semiconductors, which designs system-on-chip (S...
Seoul kicks off efforts to sell submarines to Australia
South Korea has embarked on efforts to export domestically designed submarines weighing more than 3,000 tons to Australia, while also in the final s...
Seoul leans toward alternative military service for BTS
South Korea is leaning toward allowing the K-pop boy band BTS to fulfill alternative service instead of active military duty, the country’s mi...
Korean retirement funds, mutual aids struggle with profitability
Some major retirement funds in South Korea are raising interest rates on their members’ savings accounts in line with global central banks&rsq...
Military fund to raise payouts with interest rate increases
South Korea’s Military Mutual Aid Association (MMAA) has decided to raise the interest rates of the members’ savings products by 25 to 4...
Korea to reboot nuclear power sector with orders, aid
South Korea plans to rebuild the nuclear power plant industry hard hit by the previous government’s nuclear energy phasing-out policy by placi...
North Korea missile tests drawing tougher response from US, South Korea
SEOUL—The U.S. and South Korea are responding to North Korea’s unprecedented number of missile tests this year with a greater show of ...
It's time to bet on high-yield bond funds: Barings
High-yield bonds generally create greater yields than other funds, but low-quality bonds are vulnerable to economic downturns and the firms’ c...
Ex-footballer’s startup QMIT raises $2.4 mn in Series A
QMIT Inc., the operator of athlete management platform plco, announced Tuesday that it raised 3 billion won ($2.4 million) in Series A round funding...
Military fund steps up premium asset investment in developed countries
The Military Mutual Aid Association (MMAA) of South Korea will focus on portfolio diversification this year while increasing investment in growth se...
Kakao to merge US webtoon, web novel platforms
South Korea’s Kakao Entertainment Co. is set to merge Tapas Media Inc. and Radish Fiction Inc., its webtoon and mobile novel platforms in Nort...
Yoon admin to expand KIC's fund management base
South Korea's new president Yoon Suk-yeol, who took office on Tuesday, is set to push the expansion of sovereign wealth fund Korea Investment Corpor...
Lawmakers debate military exemption for pop artists like BTS
As a historic first, South Korean lawmakers are duking it out on the hotly debated topic of military exemption for global K-pop sensation BTS. ...
