Korea's CJ CheilJedang mulls rebrand with name change

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, 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...

Lotte Chem, Air Liquide Korea launch JV for hydrogen business

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...

Employment, labor regulations most burdensome for small businesses

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...

Hanwha Aerospace to launch 4 more Nuri rockets under $220 mn project

Hanwha Aerospace to launch 4 more Nuri rockets under $220 mn project

Hanwha Aerospace Co., South Korea’s answer to Elon Musk’s SpaceX, is planning on four additional launches of the country’s first h...

Medipost, OmniaBio to enhance cooperation for CDMO business

Medipost, OmniaBio to enhance cooperation for CDMO business

South Korea's stem-cell therapy company Medipost announced on Thursday that its Canadian affiliate OmniaBio made a two-day visit to South Korea on N...

KT conducts reshuffle ahead of launching South Korea's top OTT service

KT conducts reshuffle ahead of launching South Korea's top OTT service

Korea's telecom giant KT Corp. has reshuffled its media business units ahead of the pending absorption of its over-the-top (OTT) video platform Se...

SK Innovation to adopt internal carbon pricing system

SK Innovation to adopt internal carbon pricing system

SK Innovation Co. on Sunday announced its adoption this year of an "internal carbon pricing system" recently approved by its board of directors. Th...

Corporate confidence in South Korea hits 23-month low

Corporate confidence in South Korea hits 23-month low

Business sentiment among South Korea's companies has fallen to its lowest level in 23 months, as worsening business conditions mainly in the non-man...

One of 4 Korean startups considers moving business abroad

One of 4 Korean startups considers moving business abroad

One out of four startups in South Korea is considering moving its business abroad in search of looser regulation. In a survey of 256 startups b...

Deeping Source turns visual data into info that drives business decisions

Deeping Source turns visual data into info that drives business decisions

Deeping Source Inc., an artificial intelligence (AI) analytics startup, turns real-life visual data into insight that can drive business decisions.&...

Saudi prince’s Seoul trip brings $30 billion in business deals

Saudi prince’s Seoul trip brings $30 billion in business deals

Mohammed bin Salman, the crown prince and prime minister of Saudi Arabia, flew into Seoul on Thursday and clinched $30 billion in bilateral deals wi...

Hyundai Glovis joins hands with Lion Group to move into Malaysian logistics market (edited)

Hyundai Glovis joins hands with Lion Group to move into Malaysian logistics market (edited)

Hyundai Glovis will enter the Southeast Asian logistics market in partnership with a large Malaysian company. The company, Hyundai Motor Group's log...

GS Caltex to enter carbon capture, utilization and storage sector

GS Caltex to enter carbon capture, utilization and storage sector

South Korea's oil refining and energy giant GS Caltex has teamed up with leading domestic companies in their respective fields to enter the carbon c...

Youngone acquires $23 mn worth of Hanjin KAL shares in August

Youngone acquires $23 mn worth of Hanjin KAL shares in August

South Korean clothing and footwear distributor Youngone Corp. acquired 30 billion won ($22.8 million) worth of Hanjin KAL Corp. shares in August of ...

Saudi crown prince to meet Korean business leaders in Seoul

Saudi crown prince to meet Korean business leaders in Seoul

Saudi Arabia’s crown prince Mohammed bin Salman is known to be planning meetings with leaders of major South Korean conglomerates, including S...

Yanolja to expand overseas business with global partner

Yanolja to expand overseas business with global partner

South Korea's tourism platform Yanolja is expanding its overseas air and travel operations.Yanolja Cloud, an artificial intelligence-based software ...

CJ CheilJedang builds up future food materials business

CJ CheilJedang builds up future food materials business

CJ CheilJedang, following an organizational reshuffle, will focus on the development of future food such as food ingredients and alternative protein...

Education giant Kyowon to showcase animated film 'Georanger'

Education giant Kyowon to showcase animated film 'Georanger'

South Korea’s education behemoth Kyowon Co. said it will unveil an animated film featuring its own characters, in a move to kickstart its inte...

KT to invest $2 million in US voice biomarker developer

KT to invest $2 million in US voice biomarker developer

KT Corp., a South Korean telecommunications giant, plans to invest $2 million in Sonde Health Inc., a US voice biomarker developer, to enhance the c...

Hyundai, China’s CICC in initial deal for commercial vehicle business

Hyundai, China’s CICC in initial deal for commercial vehicle business

South Korea’s Hyundai Motor Co. said on Tuesday it has partnered with China International Capital Corp. (CICC), China’s largest investme...

CJ CheilJedang to strengthen R&D for bio and healthcare businesses

CJ CheilJedang to strengthen R&D for bio and healthcare businesses

CJ Corp. announced it will strengthen its research and development (R&D) efforts in the bio and healthcare sectors. CJ CheilJedang Corp. ...

Hanwha E&C to expand offshore wind power business

Hanwha E&C to expand offshore wind power business

South Korea's Hanwha Engineering and Construction (E&C) on Tuesday concluded a business agreement on joint development of offshore wind power in...

LG Electronics to support partners’ efforts to strengthen cybersecurity

LG Electronics to support partners’ efforts to strengthen cybersecurity

LG Electronics Inc., one of South Korea’s leading home appliance makers, said on Monday it will help its business partners strengthen their cy...

SK Nexilis bolsters ties with Polish, Korean cities for sustainable growth

SK Nexilis bolsters ties with Polish, Korean cities for sustainable growth

South Korean copper foil producer SK Nexilis Co. on Nov. 7 signed an MOU with the authorities of two cities — Jeongeup, Korea, and Stalowa Wol...

Lotte Mart bulks up in SE Asia to make up for China failure

Lotte Mart bulks up in SE Asia to make up for China failure

Indonesia was the destination for Lotte Group Chairman Shin Dong-bin’s first overseas business trip in August, after being granted a special p...

Samsung fast-forwards digital transformation of its chip business

Samsung fast-forwards digital transformation of its chip business

South Korea's Samsung Electronics Co., the world’s largest memory chipmaker, is accelerating its digital shift to better respond to the changi...

S.Korea's LS Cable to become KT Submarine's largest shareholder

S.Korea's LS Cable to become KT Submarine's largest shareholder

South Korea’s leading cable manufacturer LS Cable & System Ltd. is poised to become the largest shareholder of undersea cable construction...

SK IE Technology to embark on non-deal roadshow in Hog Kong, Singapore

SK IE Technology to embark on non-deal roadshow in Hog Kong, Singapore

SK IE Technology Co. (SKIET), a unit of South Korea’s energy and battery maker SK Innovation Co., said on Friday it is embarking on a non-deal...

Korea's LS Electric, Thai SCG to cooperate on smart factory

Korea's LS Electric, Thai SCG to cooperate on smart factory

South Korea’s leading automation equipment maker LS Electric Co. and Thailand’s construction and chemical conglomerate Siam Cement Group...

Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media Return of the K-pop queens: Blackpink, Twice power up YG, JYP Samsung to launch AI health coach beta in US by end-2025 South Korea moves to mandate treasury share cancellation