Hyundai Motor to set up software R&D center in Silicon Valley

Hyundai Motor Group, the world’s third-largest carmaker, is set to establish a software research center in Silicon Valley as software is becom...

Samsung OLED gaming monitor sales surpass 20,000 units

Samsung Electronics Co. announced on Monday that its sales of the new Odyssey OLED gaming monitor series have surpassed 20,000 units in a month.&nbs...

S.Korea’s consumer goods exports to top $100 bn in 2024: KOTRA

South Korea is projected to reap more than $100 billion from selling the country’s consumer goods overseas this year. Exports of such products...

Hanwha, Taihan to spur global sales of extra-high voltage cables

Hanwha Solutions Corp., the chemical and renewable energy unit of South Korea’s No. 7 conglomerate Hanwha Group, and Taihan Cable & Soluti...

Korea to inject $200 mn into semiconductor packaging R&D

South Korea will inject 274.4 billion won ($200 million) into a state-run R&D project for semiconductor packaging technology, a key to producing...

Tencent-backed Shift Up to raise up to $313 mn in IPO

Shift Up Corp., the South Korean game developer behind the global hit game “Goddess of Victory: Nikke,” could raise up to 435 billion wo...

SK On to sell $360 mn in perpetual bonds amid tough EV market

SK On Co., the world’s fifth-largest electric vehicle battery maker, plans to sell 500 billion won ($359.6 million) in its first perpetual bon...

SK Innovation-backed Marine Innovation looks to enter US green market

Marine Innovation Co., a South Korean eco-friendly social venture company sponsored by the country’s top energy firm SK Innovation Co., is par...

Korea's bet on US assets up on bull stocks, EV incentives

South Korea’s financial assets in the US hit a record high last year due to the US stock market rally and Korean companies’ capital inje...

Doosan emerges as darling in Korea’s BBB bond market

Doosan Co. is poised to raise up to 80 billion won ($58 million) in bond sales this week following its credit rating upgrade as the holding company ...

JLK gets FDA OK for prostate cancer diagnosis AI solution

South Korea’s JLK Inc., an AI-based diagnosis solution and platform maker, announced on Monday that it got approval from the US Food and Drug ...

S.Korea’s travel payment card market competition heats up

Competition in the South Korean travel payment card market intensified as increasing overseas trips and cross-border shopping prompted credit card i...

Korea's NPS CIO talks with GPIF, GIC execs on asset allocation

South Korea’s National Pension Service (NPS) Chief Investment Officer Seo Won-joo has visited Japan and Singapore on his first overseas busine...

SK puts shares in Goldman-backed Korea Superfreeze on market

SK Group has put its shares in Korea Superfreeze Inc., a cold chain logistics company jointly owned by EMP Belstar and Goldman Sachs, on the market,...

LG Innotek eyes $1.4 bn in automotive sensor sales by 2030

LG Innotek Co., South Korea’s leading mobile camera module maker, is upping the ante to lead the automotive sensing market with high-performan...

Lotte Home Shopping to enter health functional food market

South Korea's Lotte Home Shopping announced on Monday that it plans to establish a joint venture, The Edition Health, with H.Pio, a specialized heal...

KT to make AI, media-focused reshuffle in July

KT Corp., South Korea’s largest telecom service provider, is slated for an organizational reshuffle next month to reinforce its business-to-bu...

Korea FX authorities, NPS raise currency swap limit to $50 bn

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, said on Friday it has agreed with foreign exchange...

MSCI keeps Korea on emerging market list on short-selling ban

MSCI Inc. maintained South Korean stocks in its emerging market list as the government kept its blanket short-selling ban, denting the country&rsquo...

Hanwha acquires $100 million Philly Shipyard for US market debut

South Korean chemicals-to-defense conglomerate Hanwha has signed a $100 million deal to acquire a 100% stake in Philly Shipyard Inc., becoming the f...

Shein cracks Korea's ultra-low-cost online fashion market

Shein, a Chinese fast fashion online retailer, announced on Thursday its official debut in South Korea with the launch of its Korea-dedicated platfo...

Dentlink, virtual lab for dentists around the world

It's been just over two years since Innovaid Co. launched Dentlink but the South Korean startup has already pivoted from its earlier local market-ce...

LG Uplus to enter renewable energy market through power brokerage

LG Uplus Corp., South Korea's third-largest mobile carrier, announced on Thursday that it will enter the renewable energy supply business through po...

Netmarble's new RPG 'Solo Leveling' logs $70 mn sales in 1st month

South Korean game developer Netmarble Corp. is enjoying growing sales of its new action role-playing game (RPG) “Solo Leveling: Arise,” ...

Value in the middle market: Smaller size means greater potential

Middle market direct lending can mean different things to different lenders and investors. Many, if not most, would agree that companies with over $...

Spaceflight venture Innospace eyes July Kosdaq IPO

South Korean spaceflight startup Innospace, which fired the country’s first private launch vehicle last year, aims to list on the Kosdaq in Ju...

Frozen kimbap market emerges as new K-food battlefield

South Korean fishery processing and seafood major Sajo Daerim Corp. has forayed into the frozen kimbap market, becoming a new big player in the coun...

KGC enters Malaysian healty functional food market

Korea Ginseng Corp. (KGC), wholly owned by South Korean tobacco giant KT&G Corp., announced on June 13 that it sells its red ginseng brand Jung ...

KB Securities sees wealth management assets surpass $43.6 bn

South Korea's KB Securities announced on Wednesday that its wealth management assets surpassed 60 trillion won ($43.6 billion) this month.This is fi...

Hyundai E&C, KAERI partner to commercialize next-gen reactors

Hyundai Engineering & Construction Co. (Hyundai E&C) announced on Wednesday that it signed a public-private partnership agreement for the so...