Helixmith acquires US patent on new freeze-dried formulation

South Korea's biotech company Helixmith Co. said Wednesday it has developed and patented a new freeze-dried formulation for Engensis (VM202), a non-...

Shin Hanul revives Korea’s aim to become global nuclear powerhouse

  South Korea put a newly built nuclear reactor into full operation on Wednesday to reinforce energy stability, reviving its goal of becoming ...

Hanwha Q Cells to sell 7 US battery ESS projects to Spain’s Acciona Energia

Hanwha Q Cells Co., a unit of South Korea’s chemicals-to-construction conglomerate Hanwha Group, said on Wednesday it has signed a deal to sel...

Hyundai Electric joins hands with GE to enter offshore wind power business

Hyundai Electric will advance into the offshore wind power market jointly with GE Renewable Energy.Hyundai Electric, an electric systems spinoff fro...

SK C&C to automate production process of SKC's US subsidiary

SK C&C announced on Wednesday that it will start a project to install a full-process automation system based on its smart factory platform I-FAC...

CJ Logistics expands global e-commerce shipping services

South Korea’s CJ Logistics Corp. is ramping up its cross-border e-commerce (CBE) businesses as its local rival Coupang Inc. is increasing domi...

S. Korea's SillaJen launches clinical trials in US for new anti-cancer drug

South Korean biotech company Sillajen Inc. has started recruiting patients for Phase 1 clinical trials in the US for an anti-cancer drug from a Swis...

Samsung’s foundry revenue exceeds mainstay NAND chip sales

Samsung Electronics Co., the world’s largest memory chipmaker, saw its foundry business revenue exceed that of its mainstay NAND flash chips f...

80% of Korea's data centers to use homegrown AI semiconductors by 2030

South Korea by 2030 will upgrade its level of domestic artificial intelligence (AI) semiconductors to the world's best by using the nation's high-pe...

Hyundai Electric to supply ESS worth $160 mn to KEPCO's substation

Hyundai Electric, an electric systems spinoff from South Korean shipbuilding giant Hyundai Heavy Industries Co., said on Tuesday that it will supply...

LG Energy-GM JV secures $2.5 bn loan from US for EV battery production

South Korean battery maker LG Energy Solution Ltd. said on Wednesday its joint venture with General Motors Co. has attracted $2.5 billion via a loan...

Pulmuone to supply food ingredients to 18 US universities

Pulmuone USA, a US unit of South Korea's Pulmuone, said on Tuesday that it has entered into contractual relations with 18 US universities on both co...

Doosan, DL consortium to invest $130 mn in X-Energy for SMR project

A South Korean consortium led by Doosan Enerbility Co. and DL E&C Co. is investing $130 million in X-Energy LLC, a US nuclear reactor and fuel d...

POSCO, Malaysia’s Petros to join forces on carbon capture business

POSCO Holdings Inc., the holding company of South Korea’s top steelmaker POSCO, said on Monday it has joined forces with Malaysia’s ener...

LG Electronics to launch two OLED gaming monitor models in US

South Korea's electronics giant LG Electronics Co. announced on Monday that starting on the same day it would release the world's first OLED gaming ...

Boryung holds Care-in-Space Challenge in US for space healthcare startups

South Korea's pharmaceutical company Boryeong said on Friday that it held the first "Care-in-Space Challenge" event, a new space healthcare startup ...

Sulbing opens 1st US store in California in March next year

South Korean dessert café Sulbing said on Friday that it signed a new master franchise contract to declare its entry into the US market and a...

KIC buys stake in US credit asset manager Golub Capital

Korea Investment Corporation (KIC) has made its first direct investment in an asset management firm, the South Korean sovereign wealth fund said on ...

Samsung tightens belt to gird for worsening economic conditions

Samsung Electronics Co., the world’s largest memory chip and smartphone maker, is drastically cutting costs while maintaining investments in f...

Hotel Shilla CEO Lee ranks 85th on Forbes' 100 most powerful women

Samsung heiress and Hotel Shilla CEO Lee Boo-jin ranked 85th on The World’s 100 Most Powerful Women selected by Forbes. Lee, who leads Samsung Group's...

SK Hynix develops world's fastest server DRAM sample

SK Hynix Inc., the world’s second-largest memory chipmaker, said on Thursday it has developed working samples of DDR5 multiplexer combined ranks dual ...

Coupang to invest $4.7 billion in supply chains in Korea over 12 years

  South Korea's e-commerce giant Coupang has briefed US Ambassador to Seoul Philip Goldberg at the company's fulfillment center in Daegu, a fa...

Korea's CJ CheilJedang mulls rebrand with name change

South Korean food giant CJ CheilJedang Corp. is considering a new name for the company in a bid to represent its main businesses and target global c...

Dragonfly, CJ ENM sign MOU on content business

Dragonfly said on Wednesday that it has signed a memorandum of understanding (MOU) with CJ ENM Co. to cooperate in moving into new content busines...

Kia to produce flagship EV9 at Georgia plant in US from 2024

Kia Corp., South Korea’s second-largest automaker, will manufacture the EV9, its large flagship electric SUV, at its plant in the US state of ...

SK On-Ford Motor EV battery joint venture breaks ground in Kentucky

NEW YORK – SK On Co., a leading South Korean battery maker, and Ford Motor Co. have begun building their multi-billion-dollar joint venture in...

Lotte Chem, Air Liquide Korea launch JV for hydrogen business

South Korea’s chemical firm Lotte Chemical Corp. and Air Liquide Korea, the Korean unit of the French company Air Liquide SA, announced on Tue...

Kimchi exports to US reach record high of $27 million so far this year 

Exports of kimchi to the United States increased steadily to reach a record high of $26.7 million worth of the fermented dish between January and No...

LG Chem unveils eco-friendly bioplastic, supplies to US toy firm Mattel

LG Chem Ltd., South Korea’s largest chemicals maker, has unveiled a new eco-friendly high-performance bioplastic and supplied it to Mattel Inc...

Employment, labor regulations most burdensome for small businesses

More than four out of ten small- and medium-sized enterprises (SMEs) have experienced difficulties due to regulations and cited employment and labor...