Shinhan Financial, KOSME to support startups for expanding Japanese market

Shinhan Financial, KOSME to support startups for expanding Japanese market

Shinhan Financial Group announced on Wednesday that it has partnered with the Korea SMEs and Startups Agency (KOSME) to support Korean startups' ent...

KCC acquires international info security certification

KCC acquires international info security certification

KCC Corp., South Korea's applied materials chemical company, announced on Monday that it has acquired ISO 27001, an international standard for manag...

LG Group Chairman names AI, bio, clean tech as new growth engines

LG Group Chairman names AI, bio, clean tech as new growth engines

LG Group Chairman Koo Kwang-mo has pledged to continue investing in future-oriented businesses and human resources despite the global economic slowd...

LG Energy to build $5.6 billion battery complex in Arizona

LG Energy to build $5.6 billion battery complex in Arizona

LG Energy Solution Ltd., the world’s second-largest battery maker, said on Friday it is investing 7.2 trillion won ($5.6 billion) to build a b...

S.Korean biotech GI Innovation's IPO draws tepid market interest

S.Korean biotech GI Innovation's IPO draws tepid market interest

South Korean biotech GI Innovation Inc. is slated to debut on the local public market at less than half of its pre-IPO investment value, facing luke...

S.Korea’s jobs in February grow at slowest pace in 2 years

S.Korea’s jobs in February grow at slowest pace in 2 years

South Korea’s jobs grew at the slowest pace in two years last month partly owing to a slowdown in the country’s manufacturing sector due...

LG ups ante to counter Samsung's OLED TV return; expects profit in Q1

LG ups ante to counter Samsung's OLED TV return; expects profit in Q1

LG Electronics Inc. has released its highest-ever number of new organic light-emitting diode (OLED) TV models in a bid to maintain its supremacy in ...

Hyundai Eng. completes Lemba-Imbu water purification plant in DR Congo

Hyundai Eng. completes Lemba-Imbu water purification plant in DR Congo

Hyundai Engineering, a South Korean construction contractor, held a completion ceremony for the "Lemba-Imbu water purification plant phase 1 project...

Korea clears environmental hurdle for new Jeju airport

Korea clears environmental hurdle for new Jeju airport

South Korea’s environment ministry conditionally approved the construction of a new airport on Jeju Island with a 6.7 trillion won ($5.2 billi...

KTO promotes travel to Korea in ITB Berlin

KTO promotes travel to Korea in ITB Berlin

The Korea Tourism Organization announced on Monday its participation in ITB Berlin 2023, the world's largest tourism fair held in Berlin, Germany, f...

KHNP gets EUR certification for nuclear plant model in Europe

KHNP gets EUR certification for nuclear plant model in Europe

Korea Hydro & Nuclear Power (KHNP) on Thursday said the standard design of its APR1000, a nuclear power plant that it exports to Europe, has obt...

Kakao Impact, KAIST team up for social change through technology

Kakao Impact, KAIST team up for social change through technology

Kakao Impact, a corporate foundation of Kakao Corp., South Korea’s top mobile platform company, said on Tuesday it has agreed to work with the...

S.Korea’s stent maker Taewoong Medical acquired by Olympus for $370 million

S.Korea’s stent maker Taewoong Medical acquired by Olympus for $370 million

Japanese medical device company Olympus on Saturday said it will wholly acquire South Korea’s Taewoong Medical, a maker of gastrointestinal (G...

S.Korea’s LG Uplus, Dell to develop open RAN platform tech

S.Korea’s LG Uplus, Dell to develop open RAN platform tech

South Korea’s third-largest mobile carrier LG Uplus Corp. and global IT giant Dell Technologies are set to jointly develop an open radio acces...

S.Korea hits historic low fertility rate in 2022, adding to economic woes

S.Korea hits historic low fertility rate in 2022, adding to economic woes

South Korea saw its fertility rate, which has been already the world’s lowest in the past few years, hit its historic low of 0.78 last year, a...

CJ Logistics opens office in Poland to beef up European business

CJ Logistics opens office in Poland to beef up European business

CJ Logistics said on Tuesday that it has opened an office in Wroclaw, Poland’s largest industrial city located in the southwest, as part of th...

GC Biopharma gets WHO pre-qualification approval for chickenpox vaccine

GC Biopharma gets WHO pre-qualification approval for chickenpox vaccine

South Korea's GC Biopharma Corp. is set to regain the No. 1 spot in global production of chickenpox vaccines after earning qualification to enter th...

S.Korean won near 2-month low as US data fans Fed hike views

S.Korean won near 2-month low as US data fans Fed hike views

The South Korean won skidded to a near two-month low on Friday as hotter-than-forecast US inflation data added to expectations that the Federal Rese...

S.Korea confirms economic slowdown, recession concerns loom

S.Korea confirms economic slowdown, recession concerns loom

The South Korean finance ministry on Friday confirmed that the country’s economy has slowed, mired in stubbornly high inflation and sluggish e...

KTO steps up Korean tourism promotion in Saudi Arabia

KTO steps up Korean tourism promotion in Saudi Arabia

The Ministry of Culture, Sports and Tourism, along with the Korea Tourism Organization (KTO), are accelerating their efforts to promote Korean touri...

S.Korea's extended reality sector forms industry convergence alliance

S.Korea's extended reality sector forms industry convergence alliance

The Korea Display Industry Association (KDIA) on Wednesday signed a memorandum of understanding (MOU) on a convergence alliance of the domestic exte...

HMM’s operating profit to fall 80% in 2023 on easing freight rates

HMM’s operating profit to fall 80% in 2023 on easing freight rates

South Korea’s sea flag carrier HMM Co. is expected to suffer an over-80% plunge in operating profit this year due to a downward spiral in cont...

Samsung Electro-Mechanics achieves highest ranking in CDP evaluation

Samsung Electro-Mechanics achieves highest ranking in CDP evaluation

Samsung Electro-Mechanics has achieved its highest ranking in the Carbon Disclosure Project (CDP) evaluation of climate change response. The company...

KCC launches Korea’s first organic water-based fire-resistant paint

KCC launches Korea’s first organic water-based fire-resistant paint

South Korea's chemical and auto parts manufacturer KCC Corp. said on Thursday that it has launched the Firemask AQ Series, the first organic water-b...

FKI to be more open, future-minded and international as part of reform

FKI to be more open, future-minded and international as part of reform

South Korea’s major business lobby group the Federation of Korean Industries (FKI) will become a more open and future-oriented business group ...

South Korea’s economic contraction deepens recession woes

South Korea’s economic contraction deepens recession woes

South Korea suffered its first economic contraction in two and half years due to sluggish exports and weak domestic demand during the fourth quarter...

Hyundai AutoEver secures international safety, health certification

Hyundai AutoEver secures international safety, health certification

South Korea's mobility software provider Hyundai AutoEver said Wednesday that it has earned the international safety and health management system IS...

Top petrochemical makers secure cash on economic slowdown woes

Top petrochemical makers secure cash on economic slowdown woes

South Korea's top petrochemical firms raised 2.6 trillion won ($2.1 billion) via corporate bond sales and rights offering earlier this month to gird...

S.Korea's GNI per capita falls in 2022 on foreign exchange fluctuation

S.Korea's GNI per capita falls in 2022 on foreign exchange fluctuation

South Korea's gross national income (GNI) per capita last year likely fell under $35,000, a figure first reached in 2021, due to sluggish economic g...

Bespin Global establishes Vietnam Tech Center for cloud, digital innovation

Bespin Global establishes Vietnam Tech Center for cloud, digital innovation

South Korea's cloud management company Bespin Global will foster cloud and digital innovation industries in Central Vietnam. To this end, the compan...

S.Korean game developer Krafton acquires Japan’s ADK for $517 million S.Korea's stablecoin frenzy fuels stock rally despite regulatory uncertainty SK Hynix joins Samsung in 200 trillion won market cap club Samsung on hiring spree to bolster US foundry sales LS Electric poised to join Nvidia's supply chain via Vertiv deal