Fifty Fifty label seeks investment from Silicon Valley
The South Korean label behind K-pop rookie sensation Fifty Fifty is looking to Silicon Valley for investment as the four-girl band, already with a l...
S.Korea, Japan to resume finance ministers' meeting
South Korea's Ministry of Strategy and Finance announced on Friday that Kim Seong-wook, the ministry's Director of the Office of International Finan...
Korea inflation at 19-mth low; casts doubts over rate hike
South Korea’s headline inflation fell for a fourth straight month in May to a 19-month low amid continuous signs of a slowdown in Asia’s...
S.Korea's Tada ride-hailing app introduces English service for foreigners
South Korean ride-hailing platform TADA, operated by VCNC, announced on Thursday the introduction of an English language service to its app, in a mo...
South Korea hosts first Universo Ferrari exhibition in Asia
For the first time in Asia, South Korea is hosting an event featuring the history of the Italian sports car brand Ferrari.Ferrari on Thursday opened...
S.Korea's trade deficit hits 15th straight month
South Korea last month suffered its 15th straight month of trade deficit, its longest streak since the 1997-98 Asian financial crisis, due to the de...
South Korea’s Hyundai Elevator applies AI to boost customer convenience
"Miri is a leading example of digital transformation in the elevator sector that raises a notch service speed and customer convenience. Let’s ...
Germany's real estate mezzanine market to shine in 2023: Lenwood Capital
The global real estate market is under significant pressure due to increased interest rates and banks' tighter loan standards in 2023. Commercial re...
S.Korea opens logistics center at Surabaya port, Indonesia
South Korea said it opened a logistics center at a port in Surabaya, Indonesia, to support exports to Southeast Asia’s top economy.The Ministr...
S.Korea to bolster biotech R&D, benchmarking US' Boston
South Korea is poised to boost the biotech industry by accelerating research, education and business partnerships with the biopharmaceutical sector ...
Korea's sovereign wealth fund directly exercises voting rights for first time
Korea Investment Corporation (KIC), the South Korean sovereign wealth fund, has begun actively exercising its voting rights in invested companies.Ac...
Toray to move into battery separator business
Toray Advanced Materials Korea Inc., a South Korea-based producer of chemical materials and technology products, is entering the battery separator f...
S.Korea's Mirae Asset, Hana Financial Group form security token tie-up
South Korea's Mirae Asset Securities on Thursday said it signed an agreement with Hana Financial Group on the security token consortium Next Finance...
Korean AI startup ActionPower poised to outdo OpenAI, Google: CEO
ActionPower Corp. founded in 2016 is small and young compared to Big Tech companies or heavily funded startups like OpenAI but it is mighty enough t...
Korea’s NPS likely to post 6.4% return for Q1 2023
National Pension Service (NPS) in South Korea achieved a 6.4% return on investment during the first quarter of this year, recovering some 73% of the...
LG Chem breaks ground on 4th cathode material plant in S.Korea
LG Chem Ltd., the top chemicals company in South Korea, said on Wednesday it broke ground on the country’s largest plant to produce carbon nan...
S.Korea to develop supercomputer for industrial use
South Korea is set to develop a supercomputer for industrial use as Asia’s fourth-largest economy lags far behind on the performance of such d...
S.Korea mulls adding national pension benefits to raise birth rate
South Korea's Ministry of Health and Welfare is considering adding national pension benefits for married couples to raise the ever-declining birth r...
Scammers set to exploit ChatGPT hype with fake apps in S.Korea
OpenAI’s sensational chatbot service ChatGPT is finally available in South Korea after its official launch last week, but its devotees in the ...
Seoul, Washington seek to release $7 bn Iranian funds frozen in S.Korea
South Korea and the US are discussing ways to release $7 billion worth of Iranian funds held in the Asian country as Seoul and Washington seek to im...
Schaeffler Korea to produce parts for hybrid cars, EVs
Schaeffler Korea Corp., the largest plain and roller bearing provider to automotive and industrial sectors in South Korea, is set to celebrate 70 ye...
LG Electronics to release monitor that folds neatly in bag
LG Electronics Inc. on Wednesday will release the portable screen and stand StanbyME Go, which targets the growing ranks of South Korea's campers as...
S.Korea warns of stern response in case of N.Korea satellite launch
The launch of North Korea's first military reconnaissance satellite has entered a “countdown”. North Korea notified the Japanese governm...
S.Korean chips’ heavy reliance on China, US poses risk to national economy
South Korea’s semiconductor industry is more vulnerable to economic and industrial shifts in its key export markets than those of its rivals T...
Korea’s first integrated car plant being transformed into Kia’s EV base
GWANGMYEONG, Gyeonggi Province -- Kia Corp.'s oldest integrated auto plant — which is also South Korea’s first of its kind — was c...
Samsung takes steps toward XR device processor chips
Samsung Electronics Co. has been taking steps to develop extended reality (XR) device processor chips to challenge Qualcomm Technologies Inc. and Go...
Starbuck’s seasonal giveaways still popular in S.Korea
Starbucks Korea announced on Sunday that the amount of application access increased by 50% on average compared to the previous day on last Thursday,...
S.Korean treasury yields top base rate on hawkish BOK
South Korea’s three-year treasury bond yield topped the base rate for the first time in two months, after the Bank of Korea (BOK) warned again...
Mirae Asset’s US real estate fund faces heavy losses
A private fund for US real estate managed by South Korea’s Mirae Asset Global Investments Co. has seen huge losses amid the tumble of the offi...
S.Korean karaoke machine leader TJ Media enjoys post-pandemic boom
South Koreans’ love for singing is no secret, and with the lifting of social-distancing rules in the post-pandemic era their suppressed desire...
