Korea’s FTC to toughen reviews on platform sector M&As

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

Carlyle, KKR again compete for Korean dental scanner maker

US private equity giants The Carlyle Group and Kohlberg Kravis Roberts & Co. (KKR) are again competing to acquire the world’s third-larges...

K-pop megaband BTS to serve military duty, agency says

Members of K-pop boy band BTS will fulfill South Korea’s national military duty, starting with its oldest member Jin, their agency HYBE Co. an...

Samsung launches upgraded digital wallet to take on Apple Pay

South Korea’s tech giant Samsung Electronics Co. said on Friday it is launching its digital wallet platform in 13 more countries by year-end t...

AI-powered translation startups tackle niche marketplaces

Artificial intelligence (AI)-driven translation has been dominated by big tech.Alphabet Inc.’s Google LLC is the global leader while Naver Cor...

US sanctions on Russia may hinder Korean Medit sale

US private equity giants The Carlyle Group and Kohlberg Kravis Roberts & Co. (KKR) may have to give up on their acquisition plans of Medit Corp....

NHN Cloud to raise $141 mn from stock issuance

South Korea’s cloud service provider NHN Cloud Corp. is eyeing 1.1 trillion won ($776 million) corporate value via a new stock issuance, marki...

LG Energy to launch battery swapping services

LG Energy Solution Ltd., a South Korean rechargeable battery maker, has launched two in-house ventures to enter the battery swapping and energy aggr...

Celltrion targets digital healthcare sector with app

Celltrion Inc., South Korea’s biopharmaceutical giant, made a foray into the digital healthcare sector for its future growth by launching a sm...

Deep learning SaaS provider Z.Ai wins at D.Camp pitch competition

Deep learning-based Software as a Service (SaaS) provider Z.Ai Inc. won the September pitch competition hosted by Seoul-based startup accelerator D....

SK Telecom joins race for Korean dental scanner maker

South Korea’s top mobile carrier SK Telecom Co. has joined the race to acquire Medit Corp., the world’s third-largest 3D dental scanner ...

LG Display holds digital art exhibition in London

South Korea’s LG Display Co. is holding a digital art exhibition in London for works created on its organic light-emitting diode (OLED) panels...

Kakao to challenge Naver, Apple for offline payment services

South Korea’s largest mobile payment app KakaoPay has bought a stake in the country’s No. 1 electronic payment system provider, accordin...

NAND chips may sustain double-digit price drops in Q4

NAND flash memory chip prices are expected to sustain a double-digit decline in the fourth quarter of this year due to oversupply and waning demand,...

Korea to raise tax credits on OTT content for future growth

Studio Dragon Corp., South Korea’s leading drama production house, spent 26 billion won ($18.5 million) on Vincenzo, aired in 2021, and receiv...

LG Elec., Uplus team up to expand service robot business

South Korea’s home appliance giant LG Electronics Inc. and mobile carrier LG Uplus Corp. will join forces to expand their service robot busine...

Samsung Elec to supply 5G telecom equipment to Comcast

Samsung Electronics Co., South Korea’s tech behemoth, agreed to supply 5G telecommunication equipment to US media giant Comcast Corp.Samsung s...

Korean warehouse project financing on brink of debt crisis

Warehouse development projects in South Korea, which boomed amid COVID-19, are facing challenges such as suspension of construction projects and ban...

LG's 5G backup system installed in AWS cloud platform

LG Uplus Corp., a South Korean internet service provider, said on Tuesday that it has installed its 5G mobile backup network system in the cloud com...

SK Broadband develops green, efficient network technology

South Korea's internet service provider SK Broadband Co. has developed optical communications technology that simultaneously provides differing degr...

Korea unveils autonomous driving, commercial drone service roadmap

South Korea aims to launch advanced autonomous driving, commercial drone and other urban air mobility services by 2025, as the country strives to be...

Kakao Mobility, Hyundai to launch pilot robotaxi service by year-end

Kakao Mobility Corp., which runs South Korea’s most popular taxi-hailing app, and top Korean automaker Hyundai Motor Co. have agreed to launch...

CJ OliveNetworks to expand fandom platform services

CJ OliveNetworks Co., a South Korean digital software developer, has joined hands with bemyfriends, a startup specializing in the global K-pop fando...

LG Group revs up EV charging businesses to lead burgeoning sector

LG Group affiliates, notably LG Electronics Inc. and LG Uplus Corp., are entering the electric vehicle (EV) charging business in full force. In...

Hancom to focus on cloud computing and AI services

South Korea’s homegrown software giant Hangul and Computer Group, also known as Hancom Inc. Group, is slated to transform itself into a cloud ...

SK Telecom revs up digital economy on its metaverse platform

South Korea’s top mobile carrier SK Telecom Co. is accelerating a digital economic system on its metaverse platform ifland, the telecom giant ...

LG Elec unveils new NFT platform, aims to turn living room into art gallery

LG Electronics Inc. announced Monday it has launched its very own non-fungible token (NFT) platform, LG Art Lab. Now available in the United St...

MBK’s talks to buy S.Korean education platform falter

MBK Partners’ talks to buy a controlling stake in South Korea’s MegaStudyEdu Co. have collapsed, the company said on Friday, a deal esti...

South Korea’s tech giants bolster short-form video content services

South Korea’s tech behemoth Naver Corp. is poised to strengthen its short-form content service on surging demand for video content that is les...

S.Korea mulls public survey to decide on BTS' military service exemption

The issue of allowing K-pop megaband BTS to fulfill alternative service to active military duty resurfaced again on Thursday, with government offici...