development business sector

Korea's Aekyung Chemical, an affiliate of Aekyung Group, along with GS Caltex, has made the nation's first localized refrigeration lubricant in line...

LG Electronics Inc., one of South Korea’s leading home appliance makers, said on Monday it will help its business partners strengthen their cy...

South Korean copper foil producer SK Nexilis Co. on Nov. 7 signed an MOU with the authorities of two cities — Jeongeup, Korea, and Stalowa Wol...

South Korea's unmanned space vehicle Danuri has sent texts and images from space to Earth, the Ministry of Science and ICT announced Monday. Da...

Indonesia was the destination for Lotte Group Chairman Shin Dong-bin’s first overseas business trip in August, after being granted a special p...

South Korea's Samsung Electronics Co., the world’s largest memory chipmaker, is accelerating its digital shift to better respond to the changi...

South Korea’s leading cable manufacturer LS Cable & System Ltd. is poised to become the largest shareholder of undersea cable construction...

SK IE Technology Co. (SKIET), a unit of South Korea’s energy and battery maker SK Innovation Co., said on Friday it is embarking on a non-deal...

South Korea’s leading automation equipment maker LS Electric Co. and Thailand’s construction and chemical conglomerate Siam Cement Group...

South Korea’s Hyundai Heavy Industries Group said on Friday it has signed a deal to invest $30 million in TerraPower, a US nuclear power ventu...

Korea's pet food market is getting more sophisticated, with brands appearing whose products are even more expensive than food for humans despite hav...

In an event that marked the 10-year anniversary of startup accelerator SparkLabs, South Korean business magnate Chey Tae-won said now is the time fo...

LG Electronics will team up with promising startups to discover and develop new growth engines for business-to-business (B2B) operations. LG Electro...

KT&G Corp., the world’s fifth-largest tobacco maker, has appointed South Korea’s top-tier law firm Kim & Chang to take action ag...

South Korea’s Kurly Inc. has changed the name of its grocery delivery service platform Market Kurly to Kurly as part of its corporate strategy...

POSCO International Corp., the general trading arm of South Korea’s steel giant POSCO Holdings Inc., said on Tuesday it is entering the hyperl...

L-Base is a pharmaceutical startup specializing in developing drugs for those who become resistant to existing cancer treatments. This year, the Minis...

South Korea’s top chemicals company LG Chem Ltd. on Monday posted strong third-quarter sales and profit as gains at its battery affiliate offs...

South Korea’s Naver Webtoon Corp. has been successful in the domestic market with its loyal subscribers willing to pay to read a diverse libra...

It took a whole year for Domino’s Korea to convince the Michigan-based delivery pizza behemoth for an exemption to its corporate guidance of u...

MBraun, an affiliate of Germany’s Indus Holdings AG, plans to invest 1 billion won ($702,000) in a South Korean university as part of a deal t...

South Korea’s central bank joined rescue moves to improve liquidity in the local bond market and alleviate the fallout from a debt default by ...

Samsung Electronics Co., the world’s largest memory chipmaker, will significantly raise the use of locally produced xenon, a critical gas for ...

The Korean Federation of Community Credit Cooperatives (KFCC) is eyeing certain sectors that create stable revenue streams such as healthcare, daily...

South Korea’s electric vehicle charging platform startup is set to make inroads into Indonesia, a prospective EV market with the world’s...

US private equity giant The Carlyle Group and South Korean energy-to-retail conglomerate GS Group will acquire Medit Corp., the world’s third-...

Samsung Electronics Co., the world’s second-largest foundry company, is set to expand production technology of chips for automobiles, sensors ...

US investment firm Principal Global Investors LLC has recently opened a Seoul office to strengthen the firm’s existing client relationships in...

South Korea’s antitrust body is set to strengthen reviews on acquisitions for different businesses in the platform industry to resolve the pro...

South Korea’s Hyundai Engineering & Construction Co. and its US nuclear reactor partner Holtec International have agreed to start working ...