LG CNS to lead digital transformation at FPT in Vietnam

LG CNS Co., an information technology service company under South Korean conglomerate LG Group, will lead the digital transformation of FPT Group, a...

Medytox to supply $73 mn botulinum toxin to Brazilian firm

South Korea's biopharmaceutical firm Medytox Inc. announced on Tuesday that it signed a contract with Brazilian pharmaceutical company Blau Farmaceu...

Hanwha Ocean develops VR-based special vehicle simulator

South Korea's Hanwha Ocean Co., the world's third-largest shipbuilder, announced on Tuesday that it has developed the world's first virtual realit...

Shareholder activism in Korea swells 9 times since 2019

The number of South Korean firms targeted by activist funds has risen by nearly nine times over the past five years, the largest increase among majo...

Samsung seeks to launch new super mobile banking app with a local bank

Samsung Financial Networks, a union of Samsung Group’s four financial affiliates, is seeking to launch a super mobile banking app in partnersh...

Korea’s IPO market heats up with HD Hyundai Marine, K Bank

South Korea’s initial public offering market is heating up as HD Hyundai Marine Solution Co., which aims to raise 742.6 billion won ($553.4 mi...

OCI to supply $700 mn polysilicon to Trina Solar

South Korea's OCI Holdings Co. announced on Monday that its Malaysian subsidiary OCIM Sdn Bhd signed a long term supply agreement for solar-grade po...

Ssangyong E&C wins deals for two Dubai luxury residences

Ssangyong Engineering & Construction Co. announced on Monday that it secured two luxury residence construction projects in Dubai, United Arab Em...

STX to supply car CKD to Bangladeshi company

STX Corp., a South Korean general trading company, announced on Monday that it signed a memorandum of understanding (MOU) to supply the complete kno...

Samsung gets AWS platinum certification for water stewardship

Samsung Electronics Co. has been awarded the highest level of certification for water management by the Alliance for Water Stewardship (AWS), a le...

Shinhan to build landmark office tower for non-banking units

Shinhan Financial Group Co., South Korea's second-largest financial group, plans to build a new high-rise office tower in Seoul’s central busi...

Korean savings banks swing to loss after 9 years

South Korea’s savings banks turned to the red after nine years in 2023 as they put aside heavy reserves on future loan losses, with their loan...

Hanmi Semiconductor wins $16 mn HBM equipment order from SK Hynix

South Korean chip equipment company Hanmi Semiconductor Co. announced on Friday that it has secured a 21.5 billion won ($16.1 million) supply deal f...

Hyundai, Kia's European sales reach 79,000 units in February

Hyundai Motor Co. and Kia Corp. reported a 2.3% rise in European sales in February, selling a combined total of 79,130 vehicles, according to data f...

SK Bioscience exports Sky Cellflu to Thailand

South Korea's SK Bioscience Co. announced on Thursday that it has shipped about 440,000 doses (for single-dose administration) of its cell-cultured ...

Hanwha Hotels & Resorts credit rating upgrades to A-

South Korea's Hanwha Hotels & Resorts announced on March 21 that Korea Ratings and Korea Investors Service elevated the company's corporate bond...

Hanwha Aerospace selected as next-gen launcher operator

South Korea’s Hanwha Aerospace Co. announced on Wednesday that it was selected as the next-generation launch vehicle KSLV-III operator, follow...

Naver, named 3rd most innovative company in the Asia-Pacific

South Korea’s online giant Naver Corp. ranked as the third most innovative company in the Asia-Pacific by a top US business magazine for the p...

Krafton eyes mega M&A, PUBG franchise deals: Krafton chair

Krafton Inc., South Korea’s gaming behemoth, is gearing up for the second chapter of its business through “mega” M&A deals and...

Drug maker Boryung targets its highest-ever sales in 2024

Boryung Corp., formerly Boryung Pharmaceutical Co., aims to join the 1 trillion won ($748 million) sales club this year, driven by new chronic disea...

LG Chem to unveil carbon dioxide-based plastic in Bologna

South Korea's LG Chem Ltd. announced on Wednesday that it will unveil an eco-friendly plastic material derived from carbon dioxide at Cosmoprof Worl...

Korea's SPC to collaborate with Pascucci to enter Italian market

South Korea's SPC Group announced on Tuesday that it plans to collaborate with Italian coffee chain brand Pascucci to enter the Italian market. Hu...

Craft beer maker Jeju Beer sells stake to car repair company

South Korea’s leading craft beer maker Jeju Beer Co. has sold a controlling stake owned by its founder and family to a small domestic car main...

Korea's BC Card launches Trip.Pass for foreign visitors

South Korea's BC Card announced on Tuesday that it launched a "Trip.Pass Card" and "Trip.Pass QR Payment Service" for foreign tourists with the dome...

Daishin to sell its headquarters at $493 mn to NH-Amundi

South Korea’s Daishin Securities Co. is set to sell its headquarters office to NH-Amundi Asset Management Co. for 660 billion won ($492.6 mill...

China exodus to elevate Korea to Asia hub: AmCham chief

South Korea has outstripped Hong Kong and Shanghai as a preferred Asia-Pacific headquarters destination for global companies, trailing only Singapor...

IL Science enters UK silicon lens market

South Korea's IL Science Co. said on Monday that it signed a contract with the US-based automotive electronics company Polymer Optics to supply an i...

Korea struggles with surging copper scrap exports to China

South Korea’s nonferrous metal industry is scrambling for the procurement of copper scrap as China, the world’s top copper consumer, has...

Samsung tops global soundbar market for 10th consecutive year

Samsung Electronics Co. has held its ground as the leader in the global soundbar market for ten consecutive years, from 2014 through 2023, according...

Korea eyes $1.5 bn injection in KDB to boost chip, battery sectors

South Korea may inject some 2 trillion won ($1.5 billion) into Korea Development Bank (KDB) by the end of this month to support the state-run bank's...