development business sector

South Korea's main shipbuilder Samsung Heavy Industries said on Wednesday that it has completed the conceptual design for the compact molten salt re...

Redbrick, the developer and operator of metaverse platforms of South Korea, signed a memorandum of understanding with Microsoft Korea to cooperate o...

The South Korean defense market is forecast to sign export contracts worth more than 20 trillion won (15.7 billion) combined this year on the back o...

South Korea's health functional foods company Novarex and cosmetics company Riiman Korea met to promote the health-functional foods business togethe...

Com2verse, Com2uS Corp.'s metaverse subsidiary said on Tuesday that it has secured a strategic investment of 4 billion won ($3.1 million) each from ...

Biopharmaceutical company NeoImmuneTech has grabbed an opportunity to supply new drug candidates in development as strategic items to the US gover...

Sejong Telecom, Inc. a mid-sized facilities-based telecommunications business and ICT platform company in South Korea, will launch a private 5G bu...

The South Korean government plans to raise tax breaks for facility investments by big companies, including chipmakers, to as much as 25% following P...

South Korea's Daehan Green Power has entered the green hydrogen sector, a new growth engine, through an energy super station project.The company on ...

SKC Future Materials and SKC Hi-Tech & Marketing, which had newly been established through the spin-off of SKC's industrial materials division (...

In the next three months, South Korea's Ideahub is poised to launch a platform on which individual investors can also invest in patents.If all goes ...

Naver Corp. and Kakao Corp., South Korea’s two leading online platforms, will put on hold acquisition-oriented growth strategies and instead p...

South Korea's game industry in 2021 saw sales of over 20 billion won ($15.7 billion), ranking the country fourth on the global market. The Kore...

South Korean food service enterprise Didim E&F said on Monday that its Korean barbecue brand Mapo Galmaegi signed a business agreement with a Ko...

Business Canvas, a South Korean SaaS (software as a service) startup that services the global document tool "Typed," announced on Tuesday that it ha...

South Korea’s top business leaders on the first business day of the year stressed the importance of active investment and concentration of r...

LG Electronics Inc. on Sunday said it will build an ambient computing platform as selected by LG AI Research, a company think tank specializing in a...

Samsung Electronics Co., the world’s largest memory chipmaker, is looking to launch a high-end memory chip rental service as its new business ...

South Korea's third-largest mobile carrier LG Uplus Corp. said on Friday that it will develop a web3 service for children to provide an immersive ex...

Millennium Hilton Seoul, founded in 1983, will close down for business on Dec. 31 due to redevelopment plans for the property.The five-star hotel ...

South Korea's bio company Alteogen Inc. on Friday said it signed its fourth technology export contract since its 2018 development of the human recom...

LS Cable & System Ltd. has decided to give up the round wire business to concentrate on higher-value-added products used in electric vehicles (E...

Korea Aerospace Industries Ltd. (KAI) has signed an agreement with the Korea Aerospace Research Institute (KARI) to help KARI perform a dry run test...

Amazon controls around 70% of South Korea's cloud market, followed by Microsoft in second and Google and Naver Corp. fighting for third place.The Ko...

South Korea's drug company Daewoong Pharmaceutical said on Wednesday that it has signed an agreement with biopharmaceutical venture Neurorive to joi...

Daewoo Shipbuilding & Marine Engineering Co. (DSME) said on Wednesday that it had held the first meeting with the Republic of Korea Navy the pre...

SK Energy has teamed up with new and renewable energy companies to develop urban distributed power generation and electric vehicle charging.The comp...

Samyang Corp., a food and chemical affiliate of Samyang Group, on Wednesday said it had developed South Korea's first eco-friendly polycarbonates co...

With both exports and domestic spending growing shakier amid the global economic downturn, South Korean business sentiment has taken a backward step...

Seo Won-joo, the new chief investment officer of the National Pension Service (NPS) of South Korea, said on Dec. 27 that the pension fund will stren...