CJ CheilJedang divests Chinese subsidiary Jixiangju for $235 mn

South Korean food giant CJ CheilJedang Corp. announced on Monday that it has completely sold its ownership stake in its Chinese food subsidiary, Jix...

LG Electronics reduces 220,000 tons of CO2 emissions in 2022

LG Electronics Inc. reduced its greenhouse gas emissions by 220,000 tons compared to the previous year at both domestic and overseas facilities. The...

Samsung pins high hopes on new Galaxy Z foldables

Foldable phones will likely account for one-third of Samsung Electronics Co.'s domestic sales of its flagship Galaxy smartphone series this year, le...

CJ Bioscience to launch microbiome analysis service in 2024

South Korea's CJ Bioscience Inc. announced on Friday that it plans to officially launch the microbe analysis platform "EzBiome Bioinformatics app" (...

HD Hyundai XiteSolution to surpport Ukraine's reconstruction

HD Hyundai Co. announced on Thursday that Dmytro Ponomarenko, the Ukrainian Ambassador to South Korea, and his delegation visited the Pangyo HD Hyun...

SK E&S, Plug Power to strengthen hydrogen partnership

South Korea's SK E&S Co. and Plug Power, a global hydrogen solutions provider, have reinforced their commitment to accelerating the developmen...

Lunit to supply AI diagnosis solution to Saudi's medical institution

South Korea's medical AI company Lunit announced on Wednesday that it has signed a contract to supply its artificial intelligence (AI) solution for ...

KEPCO KPS signs O&M extension agreement for Uruguay power plant

South Korea’s KEPCO KPS signed an extension agreement with the Uruguayan Electricity Authority (UTE) on Wednesday for the operation and mainte...

CJ Logistics to enter global pharmaceutical transportation market

South Korea’s CJ Logistics on Wednesday said it obtained the certification CEIV Pharma, or the Center of Excellence for Independent Validators...

SK Telecom enters cloud managed service provider market

South Korea's SK Telecom Co. will aggressively enter the cloud market by providing differentiated services based on its nationwide communication net...

LG Chem gets int'l certification in calculation of product carbon footprint

South Korea's LG Chem Ltd. on Tuesday said it received certification for its calculation method for product carbon footprints (PCF) from the global ...

Raphas microneedle passes US FDA's cGMP inspection

South Korea's microneedle maker Raphas Co. announced on Wednesday that it has passed the Current Good Manufacturing Practice (cGMP) inspection by ...

ISTE to develop eco-friendly hydrogen with British company

An innovative South Korean small business has secured technology to simultaneously produce eco-friendly hydrogen and cathode materials for secondary...

S.Korea’s SK On launches domestic battery safety evaluation center

South Korean battery maker SK On has unveiled its state-of-the-art "SK On Battery Safety Evaluation Center" in Seosan, South Chungcheong Province. T...

POSCO Int'l wins Indonesia gas exploration project

South Korea’s POSCO International Corp. is poised to secure rights worth several billion dollars to explore and produce natural gas in Indones...

S.Korea relies heavily on Samsung Elec for R&D spending: FKI

South Korea’s corporate expenditures on research and development grew 1.7 times from 2013 to 2021, much slower than such spending by the US an...

Huons’ overseas market expansion leads to record-high sales

South Korea's Huons Group is continuing its record-breaking performance while expanding its influence in the global market.According to Huons Group ...

S.Korea’s fashion brand Handsome expands overseas portfolio

South Korean fashion company Handsome Corp. is accelerating expansion of its portfolio for licensing foreign brands.The company on Monday said it co...

Korea's Daesang begins production of sugar alternative allulose

South Korean food maker Daesang Corp. has started operations of the country’s largest facility for the production of allulose, a low-calorie s...

MyRealTrip launches restaurant reservation service in Japan

South Korea's travel app MyRealTrip announced that it partnered with the Japanese accommodation and restaurant reservation platform Ikyu, becoming t...

KT invests over $11 mn in AI software company Moreh

South Korea's KT Corp. will invest 15 billion won ($11.6 million) in Moreh, a Seoul-based artificial intelligence (AI) infrastructure software compa...

Samsung Electronics launches 89-inch Micro LED TV

Samsung Electronics Co. announced on Sunday that it launched an 89-inch Micro LED TV model in the South Korean market. This product is Samsung's hig...

S.Korea's BC Card to enter Kyrgyz payment market

South Korea's BC Card will make a full-fledged entry into the Central Asian payment market by establishing a card payment joint venture in Kyrgyzsta...

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...

NKMax to supply health functional food to Chinese company

South Korean natural killer cell drug maker NKMax Co. announced in a regulatory filing on Friday that it has signed a supply contract with China's S...

SK Networks to acquire data management company en-core

SK Networks Co., a South Korean trading company, will acquire en-core, a data solutions and consulting firm. The strategy is aimed at strengthening ...

Musinsa opens showroom in Tokyo for S.Korean designers’ brands

South Korea's online fashion platform Musinsa opened a showroom in Tokyo on Thursday targeting fashion buyers, as it aims to introduce domestic desi...

Samsung, LG rank top in J.D. Power’s appliance satisfaction study

Samsung Electronics Co. and LG Electronics Inc. top ranked in J.D. Power's 2023 US Appliance Satisfaction Study of nine major categories. J.D. ...

Shinhan Bank's Chinese corporation issues $69 million in yuan bonds

The Chinese corporation of South Korea’s Shinhan Bank on Thursday said it issued 500 million yuan ($69.6 million) in bonds, a first in China b...

Hyundai Transys installs EV-customized seats on Kia EV9

South Korea's auto components maker Hyundai Transys on Thursday said it applied electric vehicle (EV) seat technology customized for electrification...