Korea’s Lotte Card sees 1st profit in Vietnam since launch
Lotte Card Co., South Korea’s No. 5 credit card issuer, is enjoying its first monthly profit in Vietnam after offering various financial produ...
Samsung Elec invests in US bio startup Element Biosciences
Samsung Electronics Co., the world’s top memory chipmaker, said on Friday it has invested in US biotech startup Element Biosciences Inc. to ex...
Samsung to invest $52 mn in US biotech VC Flagship Pioneering
Samsung C&T Corp., its bio units Samsung Biologics Co. and Samsung Bioepis Co. and Samsung Venture Investment Corp. have committed a combined 72...
S.Korea's RaonSecure establishes metaverse subsidiary
South Korean cybersecurity firm RaonSecure Co. announced Wednesday it established RaonMeta, a generative AI-based metaverse platform subsidiary. Rao...
PharmaResearch acquires TuringBio for digital therapeutics
PharmaResearch Co., a South Korean company specializing in regenerative medicine, announced on Wednesday that it acquired TuringBio, an AI-based dig...
Hyundai Motor unveils SUV digital ad series
Hyundai Motor Co. announced on Monday that it will sequentially release the digital advertisement series Hyundai SUV (sports utility vehicles) Origi...
Kyobo Life, Japan’s SBI to team up on security token, digital finance
South Korea’s Kyobo Life Insurance Group and Japan’s SBI Group have entered into a strategic business partnership agreement to expand th...
L'Oréal to nurture K-Beauty startups
L'Oréal, the world's largest cosmetics group, announced on Wednesday that it is recruiting digital and innovative technology companies to p...
Kookmin to revive Indonesian banking arm through digitalization
KB Bukopin, the Indonesian banking arm of South Korea’s Koomin Bank, extended its losing streak through the first quarter of this year, weighe...
Shinhan Financial units to reside under one roof in Vietnam
Shinhan Financial Group Co. is upping the ante in the Vietnamese financial market to further widen the gap with rivals as the country’s leadin...
Foreign VIP customers boost Korean department stores' sales
Wei Liu, a 41-year-old Taiwanese businessman, snapped up 300 million won ($220,000) worth of luxury brand products at Hyundai Department Store&rsquo...
Deloitte Korea taps new CFO, consulting head in reshuffle
Deloitte Korea, which operates accounting firm Deloitte Anjin LLC and consulting service provider Deloitte Consulting LLC, announced a reshuffle wit...
SK Innovation’s Ulsan plant goes smarter with AI, robot dog, AR tech
ULSAN, South Gyeongsang Province – At a petrochemical plant run by SK Innovation Co., South Korea’s largest oil refiner, Spot, a robot d...
Niche real asset creates new opportunities, Korean investors say
The scope of real assets is expanding with new businesses such as infrastructure operating services and supply chain management, creating niche oppo...
HL Mando, Kakao Mobility to develop autonomous parking robots
HL Mando Corp., an electric vehicle and self-driving system developing unit of South Korea's HL Group, announced on Thursday that it signed a busine...
SK On, Siemens DISW to build smart factory system
South Korean rechargeable battery maker SK On Co. signed a memorandum of understanding (MOU) with Siemens Digital Industries Software (Siemens DISW)...
LG Elec, Microsoft, GE to collaborate for smart hospital
LG Electronics Inc. announced on Thursday that it signed a memorandum of understanding (MOU) with GE Healthcare Korea and Microsoft (MS) Korea to co...
Middle East, land of dreams for South Korean IT firms
South Korea’s information technology and game companies are rushing to the Middle East to seek global growth drivers as the oil-rich countries...
Money pours in for technology to reshape Korean restaurants
Investors are betting big on food service technology startups in South Korea as the adoption of self-service systems in the country’s food and...
LG CNS, Sinar Mas to form JV in Indonesia
LG CNS Co., an information technology service company under South Korean conglomerate LG Group, announced on Thursday that it signed an investment...
LG CNS to lead digital transformation at FPT in Vietnam
LG CNS Co., an information technology service company under South Korean conglomerate LG Group, will lead the digital transformation of FPT Group, a...
Shinhan Bank, Indodana co-work on digital finance
Shinhan Bank announced on Friday that its Indonesian subsidiary Shinhan Bank Indonesia signed a strategic business agreement with PT Artha Dana Tekn...
Foreign venture funding for Korean startups picks up
South Korean startups raising funds from overseas venture capital firms nearly doubled in the first two months of this year from a year ago, heighte...
HD Hyundai speeds up digital transformation with Naver
HD Hyundai Co. announced on Monday that it signed a business agreement with Naver Corp. for digital transformation (DX), cloud transformation, and a...
LG Energy, Qualcomm to develop battery management system
South Korea’s LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, announced on Sunday that it will dev...
SK Hynix explores HBM chip collaboration with Kioxia
SK Hynix Inc. is exploring collaboration with Japanese chipmaker Kioxia Holdings Corp. to produce high bandwidth memory (HBM) chips, which have been...
Wanted Lab, Digital Hearts to support S.Korean, Japanese startups
South Korea’s human resources (HR) management tech company Wanted Lab Inc. announced on Thursday that it has signed a memorandum of understand...
SoftBank-backed Coupang posts 1st-ever annual profit in 2023
South Korea’s leading e-commerce platform Coupang Inc. on Wednesday posted its first-ever operating profit of $473 million in 2023, driven by ...
Mid-caps in digitization have strong upside potential: Partners Group
Global fund manager Partners Group Holding AG, one of the largest listed private equity firms in Europe headquartered in Switzerland managing $147 b...
Samsung SDS gets CEIV Pharma certification
South Korea's Samsung SDS Co. said on Wednesday that it has achieved the Center of Excellence for Independent Validators in Pharmaceutical Logistics...
