South Korea arms exports triple; rises to 8th-largest exporter

South Korea arms exports triple; rises to 8th-largest exporter

 South Korea has become the world’s eighth-largest arms exporter, with its exports rising threefold – the fastest pace among the wo...

Korea's top mobile game Odin creator Lionheart eyes IPO in H2

Korea's top mobile game Odin creator Lionheart eyes IPO in H2

Lionheart Studio Corp., South Korea’s leading game developer behind the mobile game Odin, has begun the process to go public with its July 22 ...

Korea's Hyundai Mobis bolsters its own chipmaking capabilities

Korea's Hyundai Mobis bolsters its own chipmaking capabilities

Hyundai Mobis Co., South Korea’s largest auto parts maker, is aiming to produce the majority of its automotive semiconductors with its own tec...

Ildong mulls seeking COVID-19 pill approval from Korea first

Ildong mulls seeking COVID-19 pill approval from Korea first

Ildong Pharmaceutical Co., a South Korean drugmaker, considers seeking approval for a COVID-19 anti-viral pill from the country as Japan postponed g...

KAI targets to sell 1,000 units of FA-50 light attack aircraft worth $30 billion

KAI targets to sell 1,000 units of FA-50 light attack aircraft worth $30 billion

Korea Aerospace Industries Ltd., South Korea’s sole military aircraft manufacturer, is seeking to sell 1,000 units of the FA-50 light combat a...

POSCO Holdings Q2 profit down on higher raw material costs

POSCO Holdings Q2 profit down on higher raw material costs

POSCO Holdings Inc., the holding company of South Korea’s steel giant, reported a lower profit in the second quarter on rising raw material pr...

Korea startup unveils AI for sleep study with smartphones

Korea startup unveils AI for sleep study with smartphones

A South Korean startup has unveiled an artificial intelligence model for medical analysis of sleep based on breathing sounds recorded by smartphones...

POSCO Int'l tipped to merge with affiliated LNG terminal firm

POSCO Int'l tipped to merge with affiliated LNG terminal firm

POSCO International Co., a South Korean trading company, has embarked on a merger with its affiliate POSCO Energy Co. as their parent group is seeki...

DigitalBridge names Korean Tae Ahn as Asia capital formation head

DigitalBridge names Korean Tae Ahn as Asia capital formation head

DigitalBridge Group Inc., a US digital infrastructure investment firm, announced on July 19 it has appointed South Korean Tae E. Ahn as managing d...

S.Korea defense firms poised to ink $7.7 bn in deals with Poland

S.Korea defense firms poised to ink $7.7 bn in deals with Poland

South Korea’s defense makers including Hyundai Rotem Co., Korea Aerospace Industries Ltd. (KAI) and Hanwha Defense are poised to clinch 10 tri...

Korea's domestic jet fighter KF-21 completes first flight test

Korea's domestic jet fighter KF-21 completes first flight test

KF-21 Boramae, South Korea’s first advanced supersonic jet fighter, successfully completed its first flight test on Tuesday more than six year...

Yellen calls for trade overhaul to diversify from China

Yellen calls for trade overhaul to diversify from China

SEOUL—Treasury Secretary Janet Yellen called for a reorientation of the world’s trading practices in the wake of Russia’s invasion...

Seoul to lure visitors with themed tours, video featuring BTS

Seoul to lure visitors with themed tours, video featuring BTS

Seoul, the capital of South Korea, is kickstarting efforts to attract foreign visitors with new tour programs and a promotional video featuring the ...

South Korea to cut red tape, raise student quota to grow chip talent

South Korea to cut red tape, raise student quota to grow chip talent

South Korea, home to the world’s two largest memory chipmakers, said on Tuesday it will cut administrative red tape and ease the restrictive s...

Hyundai’s Supernal showcases flying electric car at UK air show

Hyundai’s Supernal showcases flying electric car at UK air show

Supernal LLC, the urban air mobility affiliate of South Korea’s top automaker Hyundai Motor Co., has unveiled the cabin concept of its flying ...

KB Asset aims for first IPO of Korea's homegrown infrastructure fund

KB Asset aims for first IPO of Korea's homegrown infrastructure fund

South Korea’s KB Asset Management Co. is set to list its Balhae Infrastructure Fund (Balhae) on the country’s main bourse Kospi in the s...

S.Korea’s 5G, cryptography likely to be adopted as global standards

S.Korea’s 5G, cryptography likely to be adopted as global standards

South Korea’s five technologies on 5G mobile networks, cloud computing and cryptography have been preliminarily chosen as global standards, a ...

Pfizer Korea HQ sale falls through on investors' tepid interest

Pfizer Korea HQ sale falls through on investors' tepid interest

South Korea’s GRE Partners Asset Management Co. a real estate investment firm, has recently suspended the selling process for Pfizer Pharmaceu...

Korea to raise cash support on foreign investments in key sectors

Korea to raise cash support on foreign investments in key sectors

South Korea plans to spend more cash on attracting foreign investments in high-tech and core supply chain industries as foreign direct investment to...

SK Telecom to take lead in UAM biz with telco know-how

SK Telecom to take lead in UAM biz with telco know-how

BUSAN -- South Korea’s top mobile carrier SK Telecom Co. aims to dominate the urban air mobility market based on its expertise and know-how in...

Affirma’s bolt-on M&A strategy shines in S.Korea

Affirma’s bolt-on M&A strategy shines in S.Korea

Affirma Capital is a small player in South Korea’s private equity market, but its successful bolt-on strategy helps the mid-cap-focused invest...

Korea’s battery recycling company SebitChem seeks IPO

Korea’s battery recycling company SebitChem seeks IPO

SebitChem Co., South Korea’s secondary battery recycling company, is seeking an initial public offering, taking advantage of investors’ ...

South Korea’s Mirae Asset Group bets $100 million on SpaceX

South Korea’s Mirae Asset Group bets $100 million on SpaceX

Mirae Asset Securities Co. is poised to invest $100 million in US spacecraft and satellite communication corporation SpaceX. The South Korean f...

Korea’s Cosmax to shut Ohio plant to cut losses; shares up

Korea’s Cosmax to shut Ohio plant to cut losses; shares up

Cosmax Inc., a major South Korean original design manufacturer (ODM) for L'Oréal and other global cosmetics giants, plans to shut its loss-ma...

Korea’s HMM to invest $11 bn in ships, eco-friendly fuels

Korea’s HMM to invest $11 bn in ships, eco-friendly fuels

South Korea’s largest container line HMM Co. is set to spend 15 trillion won ($11.4 billion) by 2026 to diversify business amid the volatility...

South Korea’s alternative meat startups get VCs salivating

South Korea’s alternative meat startups get VCs salivating

In South Korea, the list of early stage startups that garnered more than 5 billion won ($3.8 million) in the last 12 months looks slightly different...

LS Group to bolster batteries, EVs and chipmaking, chairman says

LS Group to bolster batteries, EVs and chipmaking, chairman says

South Korean conglomerate LS Group is seeking business opportunities in the materials and parts sectors led by the fast-growing battery, electric ve...

Hyundai Elevator aims to more than double sales by 2030

Hyundai Elevator aims to more than double sales by 2030

CHUNGJU, North Chungcheong Province -- Hyundai Elevator Co., South Korea’s top elevator maker, aims to more than double its sales in the next ...

Korea's top refiners likely to see strong 2022 despite tax concerns

Korea's top refiners likely to see strong 2022 despite tax concerns

South Korea's oil refining margin, a key indicator of refiners' profitability, dropped below $20 over the past month amid global recession fears. Ho...

BOK delivers first-ever 50-bp hike to curb inflation

BOK delivers first-ever 50-bp hike to curb inflation

South Korea’s central bank on Wednesday took the most aggressive measure with a 50-basis-point policy interest rate hike for the first time in...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race