S.Korea’s corporate R&D spending lags global rivals

Major South Korean companies’ spending on research and development lags investments made by their global competitors due to lower government t...

Korean banks go digital in Southeast Asia for non-interest gains

South Korea’s top four banks are strengthening their overseas operations, particularly in the digital banking business, to increase their non-...

SK Tel launches world’s 1st Korean large language model

SK Telecom Co. on Tuesday announced the official launch of the world’s first Korean large language model (LLM) “A.”, or A Dot, whi...

LG Chem, Huayou to build LFP cathode plant in Morocco

South Korea’s LG Chem Ltd. said on Sunday it will build a lithium phosphate iron (LFP) cathode materials plant in Morocco in partnership with ...

Seoul envisions its own Hudson Yards in the city's east end

Seoul, the capital of South Korea for more than six centuries since the Joseon dynasty, is poised to revamp its city planning for the next century w...

KT to build AI medical R&D innovation zone in Seoul

South Korean wireless carrier KT Corp. will build an innovation valley for medical research and development (R&D) based on artificial intelligen...

Korea’s fertility startups gain traction with advanced technologies

South Korea’s fertility startups are garnering attention from investors with innovative technologies such as self-testing of ovarian health, s...

SK Group, NPS may exercise put option on Masan without gain

South Korean institutional investors, including SK Group and National Pension Service (NPS), are likely to only recover their principal without prof...

SK eyes $1 bn gains from Chinese copper foil firm exit

SK Inc. has embarked on the process to sell its 30% stake in Londian Wason Energy Tech, the owner of the world’s largest copper foil maker, in...

Sapeon completes $45 mn series A funding

Sapeon, a South Korean artificial intelligence (AI) semiconductor company, announced on Wednesday that it has concluded a Series A funding round, ra...

LG Uplus’ platform push gains traction with active venture funding  

LG Uplus Corp., South Korea’s third-largest mobile carrier, which has joined its two bigger local rivals in a race to expand non-telecom servi...

Mirae Asset Securities exceeds $3 bn in overseas equity

Mirae Asset Securities Co. said on Tuesday it owns more than 4 trillion won ($3 billion) of equity capital in overseas operations as of June 30 of t...

KB, Shinhan, Woori improve rankings on Top 1,000 bank list

South Korea’s KB Financial Group, Shinhan Financial Group and Woori Financial Group improved their rankings on the list of the global top 1,00...

Hanwha Q Cells expects windfall gain from Chinese rivals’ woes

Hanwha Q Cells Co., a solar power unit of South Korean conglomerate Hanwha Group, is expected to enjoy a windfall gain from the US government’...

Korea taps Greyhound Capital, Headline Asia as venture fund managers

South Korean Ministry of SMEs and Startups announced the results of selecting global fund management companies for the year 2023 on Monday. The chos...

Seoul’s slow but enduring push to be Asia’s premier financial hub

It is a long-cherished dream of Seoul, the capital city of South Korea, to present itself to the world as Asia’s prime financial hub, but the ...

POSCO Future M to produce nickel for cathodes in the Philippines

South Korean battery materials maker POSCO Future M Co. is set to produce nickel in the Philippines to boost its cathodes supplies and improve profi...

Samsung's Bespoke Qooker surpasses 200,000 units in sales

Samsung Electronics Co.'s Bespoke Qooker has exceeded cumulative sales of 200,000 units within two years since its launch.Bespoke Qooker is a vers...

KCGI Asset Management appoints former KIS head as new CMO

South Korea’s KCGI Asset Management, formerly Meritz Asset Management, announced on Friday that it has hired Cho Won-bok, former division head...

Hopes rise for Korean copper foil makers’ gains under IRA

South Korea’s SK Nexilis Co., the world’s largest copper foil producer, is in negotiations with six electric vehicle battery makers to s...

SK Telecom’s transition into AI company gains traction

SK Telecom Co., South Korea’s leading telecom firm, reported solid earnings across the board in the second quarter, especially with steady gro...

With long-gone heyday, Capro clings to stake sale for survival

Once everyone’s darling but now an ugly duckling, Capro Co., South Korea’s sole maker of caprolactam, a nylon raw material, is despera...

Fractional investing to gain traction in Korea with green light from FSC

Come September, South Korean investors will be able to freely and safely buy and sell fractions of artwork and even live cows just as they do with t...

NPS commits $724 mn to CVC Capital’s ninth PE fund

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, has committed €‎650 million ($724 million...

S.Korea to form $6.2 bn corporate venture capital fund pool by 2025

The South Korean government and the private sector will jointly create a corporate venture capital (CVC) fund pool worth more than 8 trillion won ($...

S.Korea proposes extended tax breaks for reshoring companies

The South Korean government and the ruling party proposed longer-term tax cuts for companies that bring production back home to reinvigorate the cou...

Bain Capital in talks to buy Korean aesthetic device maker Ilooda

Ilooda, a South Korean medical aesthetic devices maker valued at around 200 billion won ($158 million), is likely to sell its management rights to U...

Lotte Materials invests in French silicon cathode materials startup

Lotte Energy Materials Corp., formerly Iljin Materials and now a copper foil manufacturing subsidiary of South Korea's Lotte Chemical Corp., on Sund...

Hyundai Motor’s UK sales highest in 5 years, driven by IONIQ 5

Just a few years back, vehicles built by Hyundai Motor Co. were dismissed as second-class cars of poor quality in Europe, with one car magazine deri...

Hanwha Solutions, SK D&D team up for hydrogen fuel cell, solar power

South Korea's Hanwha Solutions Corp. and SK D&D have signed a strategic memorandum of understanding (MOU) to jointly pursue hydrogen fuel cell...