Samsung secures $16 bn loan from display unit for chipmaking

Samsung secures $16 bn loan from display unit for chipmaking

South Korea's Samsung Electronics Co., the world’s largest memory chipmaker, has signed a deal to take out a cash loan of 20 trillion won ($15...

Olive Young exports K-beauty products to Middle East

Olive Young exports K-beauty products to Middle East

Olive Young, a health and beauty platform, has begun targeting the Middle Eastern cosmetics market.South Korea's CJ Olive Young, which operates Oliv...

Hancom goes global with SDK, SaaS products

Hancom goes global with SDK, SaaS products

South Korea’s homegrown office suite developer Hancom Inc. will seek to boost its brand awareness in the global B2B software market with softw...

Aekyung Chemical to expand surfactant plant in Vietnam

Aekyung Chemical to expand surfactant plant in Vietnam

Aekyung Chemical plans to expand its surfactant plant in Vietnam, with the aim of targeting global markets in Southeast Asia, the company said on Fr...

LIG Nex1 to work with Romanian state-run defense supplier

LIG Nex1 to work with Romanian state-run defense supplier

South Korea's defense contractor LIG Nex1 Co. will join hands with ROMARM, a Romanian state-run defense company, to develop anti-aircraft missiles a...

S.Korean firms showcase hydrogen offerings in United States

S.Korean firms showcase hydrogen offerings in United States

South Korean energy ministry and major Korean companies including Hyundai Motor Co., SK E&S, and Korea Zinc Co. participated in the Hydrogen &am...

Philip Morris aims to top Korea's heated-tobacco market with Iluma

Philip Morris aims to top Korea's heated-tobacco market with Iluma

Philip Morris International Inc., a major US tobacco maker, aims to regain the throne in South Korea's competitive heat-not-burn cigarette market wi...

Korea EV battery makers lose market share against Chinese rivals

Korea EV battery makers lose market share against Chinese rivals

South Korean electric vehicle cell makers lost a market share against Chinese competitors last year as they failed to fully benefit from a surge in ...

Humasis participates Dubai MEDLAB Middle East 2023

Humasis participates Dubai MEDLAB Middle East 2023

South Korean medical devices maker, Humasis Co., is participating in the MEDLAB Middle East 2023 event taking place at the Dubai World Trade Center ...

S.Korean biotech firm Genesystem to bring molecular testing to India

S.Korean biotech firm Genesystem to bring molecular testing to India

Genesystem, a South Korean biotech firm specializing in on-site molecular testing platforms, announced on Tuesday its entry into the Indian market t...

Profit matters for survival of startups amid investment drought

Profit matters for survival of startups amid investment drought

As venture capitalists tighten their purse strings amid looming recession fears, only startups with killer products that generate profits are well-p...

Kumho Petrochem's rubber products win eco-friendly certification

Kumho Petrochem's rubber products win eco-friendly certification

Kumho Petrochemical Co. said on Tuesday that its four synthetic rubber products including SSBR, HBR, LBR, and NdBR have earned International Sustain...

Chong Kun Dang, Synaffix ink deal to introduce ADC technology

Chong Kun Dang, Synaffix ink deal to introduce ADC technology

Chong Kun Dang Pharmaceutical Corp. said on Monday that it has signed a contract with Dutch biotechnology firm Synaffix B.V for the use of antibody-...

Aekyung commences mass production of eco-friendly plasticizers

Aekyung commences mass production of eco-friendly plasticizers

Aekyung Chemical, an affiliate of South Korea's Aekyung Group, has begun mass-producing eco-friendly plasticizers derived from recycled waste plasti...

Toray Korea to boost PPS resin production with expansion plan

Toray Korea to boost PPS resin production with expansion plan

Toray Advanced Materials Korea (TAK) has announced plans to increase its annual production capacity of polyphenylene sulfide (PPS) resin by 5,000 to...

LG Energy inks $3.3 bn ECV battery deal for N.America, Europe

LG Energy inks $3.3 bn ECV battery deal for N.America, Europe

LG Energy Solution Ltd., the world’s third-largest secondary battery maker, has inked a supply deal estimated up to $3.3 billion for North Ame...

SeAH begins construction on stainless steel pipe plant in Saudi Arabia

SeAH begins construction on stainless steel pipe plant in Saudi Arabia

SeAH Gulf Special Steel Industries (SGSI), a joint venture between South Korea's SeAH CSS and Saudi Arabian oil giant Aramco, has broken ground on a...

Kia launches 2024 Niro model with enhanced features

Kia launches 2024 Niro model with enhanced features

Kia Corp. announced on Wednesday the launch of the 2024 Niro, a compact crossover SUV hybrid and electric vehicle (EV) models, which will be availab...

DB HiTek to expand high value-added specialized image sensor business

DB HiTek to expand high value-added specialized image sensor business

South Korea's chip foundry DB HiTek Co. attained foundry process technology and is set to expand its high-value-added specialized image sensor busin...

Philip Morris, KT&G extend sales partnership to 2038

Philip Morris, KT&G extend sales partnership to 2038

KT&G Corp., the world's fifth-largest tobacco maker, has extended its sales partnership with US cigarette giant Philip Morris International Inc....

LG Innotek gears up for FC-BGA substrate mass production

LG Innotek gears up for FC-BGA substrate mass production

South Korea’s LG Innotek Co. is preparing to mass produce flip chip ball grid array (FC-BGA) substrates from the fourth quarter of this year, ...

Korean refiners lift runs to 3-year high on record exports

Korean refiners lift runs to 3-year high on record exports

Refiners in South Korea raised their operating rates to a three-year high in 2022 as petroleum product exports hit a record high in value.Refinery r...

Samsung considers chip output cut as first-quarter loss looms large

Samsung considers chip output cut as first-quarter loss looms large

Samsung Electronics Co., the world’s largest memory chipmaker, is considering slashing its semiconductor production as the company is heading ...

KT&G refuses activist funds' call for ginseng biz spinoff

KT&G refuses activist funds' call for ginseng biz spinoff

KT&G Corp., the world’s fifth-largest tobacco maker, on Thursday refused activist funds' requests to spin off and list its ginseng unit wh...

Korean proptech startup Sweet Spot attracts $7.7 mn Series B funding

Korean proptech startup Sweet Spot attracts $7.7 mn Series B funding

South Korea's retail property technology startup Sweet Spot attracted a Series B investment of 9.5 billion won ($7.7 million) from venture capital a...

POSCO gets nod for battery technology transfer to overseas plants

POSCO gets nod for battery technology transfer to overseas plants

POSCO Chemical Co., a unit of South Korean steelmaker POSCO Holdings Co., on Thursday won government approval to transfer technology to its overseas...

Doosan participates in Asia's largest electronics exhibition

Doosan participates in Asia's largest electronics exhibition

South Korea's Doosan Corp. is participating in Nepcon Japan 2023 held at Tokyo Big Site, Japan, from Jan. 25 through 27 to showcase its high-end tec...

KT Submarine to buy cable laying barge from key shareholder

KT Submarine to buy cable laying barge from key shareholder

South Korea’s undersea cable company KT Submarine Co. plans to buy a cable laying barge from LS Cable & System Ltd., its major shareholder...

LG Innotek, Samsung Electro-Mechanics Q4 profit disappoint

LG Innotek, Samsung Electro-Mechanics Q4 profit disappoint

LG Innotek Co. and Samsung Electro-Mechanics Co., two major South Korean suppliers for Apple’s iPhone, on Wednesday reported more than a 60% p...

Kolmar Korea to establish new cosmetics production base in Sejong City

Kolmar Korea to establish new cosmetics production base in Sejong City

South Korea's cosmetic original design manufacturer Kolmar Korea said Wednesday that it would establish a cosmetics production base equipped with ar...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race