Korea's Webcash to expand B2B fintech solutions in Cambodia

Webcash Co. a leading business-to-business (B2B) fintech solutions provider in South Korea, said on Thursday its Cambodian affiliate KOSIGN and Phno...

Major startup event Slush to hold spin-off meeting in Korea

Slush, one of the world’s largest startup events, is set to hold a spin-off meeting in South Korea this year.Slush is a startup and tech event...

Orchestra PE acquires KFC Korea for about $50 mn

Asia-focused Orchestra Private Equity agreed on Wednesday to buy a 100% stake in the South Korean operations of fast food chain KFC for around 60 bi...

Kia EV6 named SUV of the year in North America

The Kia EV6 is this year's North American Utility Vehicle of the Year of the North American Car, Truck and Utility Vehicle of the Year Awards (NACTO...

PIF, GIC to invest $964 mn in Korea's Kakao Entertainment

Saudi Arabia’s Public Investment Fund (PIF) and Singapore’s sovereign wealth fund GIC have agreed to invest a combined $964 million in K...

KCCI launches Carbon Reduction Certification Center

The Korea Chamber of Commerce and Industry(KCCI) said Thursday that it has established the Carbon Reduction Certification Center, a professional org...

Lotte to invest more in US bio biz, spend $3 bn in Korea

SAN FRANCISCO -- South Korea’s Lotte Biologics Co. is considering investing more in the US bio industry and spending $3 billion in new factori...

SK Telecom, Nokia demonstrate Korea's first open RAN base station

SK Telecom Co. said on Tuesday that it verified jointly with Nokia the stable 5G speed and coverage performance in a field test by installing a clou...

POSCO opens first overseas venture incubating office in Silicon Valley

POSCO Group said on Wednesday that it has opened the first overseas office of ChangeUp Ground in Silicon Valley in the US.ChangeUp Ground is a start...

Hyundai L&C wins GR certification for recycled PET packaging sheets

Hyundai Living & Culture, Hyundai Department Store Co. Group's building materials unit, said on Wednesday that it has received Good Recycled Pro...

SK Hynix issues $1 bn sustainability-linked bonds

South Korea’s SK Hynix Inc. has raised $1 billion in sustainability-linked bonds (SLBs) to become the world's first memory chipmaker to issue ...

S.Korea resumes egg imports in 13 months due to soaring prices

As egg prices soared due to the spread of bird flu or avian influenza, the South Korean government resumed imports of eggs to ease price pressure.It...

S.Korea posts 2nd current account deficit in 3 months due to flat exports

South Korea in November last year suffered its second current account deficit in three months due to plummeting exports of key items like semiconduc...

Korea’s secondhand car market cools amid elevated interest rates

South Korea’s secondhand car market is cooling rapidly as both dealers and buyers are reeling from elevated interest rates, which also bode il...

Lotte Chemical conducts product risk assessment first time in Korea

Lotte Chemical Corp. said on Tuesday that it is conducting a risk assessment for its products for the first time in the domestic chemical industry...

GCCL develops Korea's first automatic clinical trial data sharing system

Global Clinical Central Lab (GCCL), an affiliate of South Korean pharmaceutical firm Green Cross Corp., said on Monday it has jointly developed Kore...

S-1 calls AI video solutions core of this year's AI security market

Access management of facial recognition needs the most improvement this year and artificial intelligence (AI)-based solutions such as intelligent cl...

South Korea develops 1,000 super gap startups

The Ministry of SMEs and Startups on Monday said it would release the next day its plan for the so-called 2023 Super-gap Startup 1,000+ Project in w...

Lotte E&C, Meritz Securities conclude $1.2 billion investment deal

Lotte Engineering & Construction (E&C) has secured financing of 1.5 trillion won ($1.2 billion).The company on Monday announced its conclusi...

Samsung Engineering wins $1.3 bn order to build ethylene plant in Qatar

South Korea's Samsung Engineering Co. said on Jan. 9 it has signed a 1.6 trillion won ($1.3 billion) contract to build the world's largest ethylene ...

Seoul in talks to share nuclear plant export profits with Westinghouse

Korea Hydro & Nuclear Power Co. and its parent company Korea Electric Power Corp. are in discussion with Westinghouse Electric Corp. to share pr...

Broadcom to give Samsung warranties to avoid Korea penalties

US chipmaker Broadcom Inc. agreed to provide three-year warranties and technical support for components equipped in products such as smart devices o...

KSOE to develop large-capacity fuel cells with Europe's research center

Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate holding company of HD Hyundai Co., has decided to develop fuel cells for mar...

Global VCs urge S.Korea to train lawyers on int'l contracts

Brad McManus, investment director of the Silicon Valley-based venture capital (VC) fund Applied Ventures LLC, said his company will discuss investme...

S.Korea's DLS incurring losses due to stock slump exceed $800 billion

South Korea's derivatives-linked securities that entered the knock-in or loss period due to stock slumps at home and abroad exceeded 1 trillion won ...

Korea's SK On scraps $3.2 bn Turkey EV battery factory plan

SK On Co., the world’s No. 5 electric vehicle battery maker, dropped a plan to build a 4 trillion won ($3.2 billion) plant in Turkey as higher...

Korea may fine Aramco-backed Hyundai Oilbank $119 mn over wastewater

South Korea is set to impose a fine of 150.9 billion won ($118.9 million) on Hyundai Oilbank Co., a local refiner backed by Saudi Aramco, for allege...

Point2 Technology to supply network cable solutions to Amazon

Point2 Technology, which specializes in high-speed communications solutions, said on Wednesday that it has signed a network cable solution supply co...

POSCO to issue up to $553 million in unsecured bonds

South Korea's top steelmaker POSCO Holdings Inc. is expected to issue won-denominated unsecured bonds worth up to 700 billion won ($553.9 million) t...

Smart Study Venture creates $28.4 million Baby Shark Tourism Fund

Smart Study Ventures, a corporate venture capital (CVC) affiliated with The Pinkfong Company, said on Thursday that it has created a "Baby Shark Nex...