five generation
Scope
Date
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Venture capital
Korean startup investments rapidly dry up in wake of SVB debacle
The shock from the collapse of American startups’ main financing artery Silicon Valley Bank (SVB) has been deeply felt in the South Korean sta...
Mar 27, 2023 (Gmt+09:00)
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Batteries
Hyundai Motor, Kia develop ultra-high-temp hydrogen fuel cells with US firm
Hyundai Motor Co. and Kia Corp. has joined forces with Advent Technologies, an American maker of membrane electrode assemblies (MEA), a key componen...
Mar 23, 2023 (Gmt+09:00)
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Artificial intelligence
S.Korea’s KCC develops AI-based color matching system
South Korea’s chemical and auto parts maker KCC Corp. on Monday said it developed the K-Smart system of using an artificial intelligence (AI)-...
Mar 21, 2023 (Gmt+09:00)
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Artificial intelligence
Kakao halts its own AI chatbot beta service a day after release
Kakao Corp., South Korea’s platform giant operating the country’s No. 1 chat app KakaoTalk, has introduced its first artificial intell...
Mar 20, 2023 (Gmt+09:00)
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Energy
SK Oceanplant, Corio team up for offshore wind power
SK Oceanplant, a South Korean offshore wind power subsidiary of SK Ecoplant Co., and Corio Generation, a global offshore wind power developer owned ...
Mar 17, 2023 (Gmt+09:00)
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Mergers & Acquisitions
MBK to acquire Korea’s top FCCL maker NexFlex for $407 mn
MBK Partners agreed to buy NexFlex Co., South Korea’s top flexible copper-clad laminates (FCCL) producer, as the leading Northeast Asian priva...
Mar 17, 2023 (Gmt+09:00)
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Artificial intelligence
Upstage’s AskUp offers Korea’s first GPT-4-powered chatbot service
Upstage, a South Korean AI tech startup, has unveiled a new version of its generative AI chatbot powered by GPT-4, to become the first to offer Open...
Mar 17, 2023 (Gmt+09:00)
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Artificial intelligence
CJ Group adopts AI-based copywriter for producing marketing content
South Korea's CJ Group on Tuesday said it will develop and run a personalized artificial intelligence (AI) copywriter that automatically produces ma...
Mar 14, 2023 (Gmt+09:00)
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Tech, Media & Telecom
KT launches open beta version of metaverse platform Genieverse
South Korea's KT Corp. announced on Monday the launch of an open beta version of its business-to-consumer (B2C) metaverse platform, "Genieverse."The...
Mar 13, 2023 (Gmt+09:00)
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Electronics
LG Elec to showcase eco-friendly cooling, heating solutions at ISH 2023
LG Electronics Inc. is aiming to expand its presence in the European air conditioning market with its high-efficiency heat pump cooling and heating ...
Mar 13, 2023 (Gmt+09:00)
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Construction
Daewoo E&C wins massive $790 million public project in Libya
South Korea's Daewoo Engineering & Construction Co. has landed a massive order from the General Electricity Company of Libya.Daewoo E&C on F...
Mar 10, 2023 (Gmt+09:00)
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Tech, Media & Telecom
SK Square’s Swiss unit joins EU quantum satellite project
A Swiss company owned by South Korea’s SK Square Co. has joined a European project to develop a quantum communications satellite, the company ...
Mar 09, 2023 (Gmt+09:00)
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Food & Beverage
US burger giant Five Guys set for June S.Korea debut
Five Guys, one of the top three burger brands in the US, will open in June its first branch in South Korea in Seoul’s posh Gangnam District. W...
Mar 07, 2023 (Gmt+09:00)
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Petrochemicals
S.Korea's Taekwang Industrial acquires ISO 45001 certification
Taekwang Industrial Co., a textile and petrochemical subsidiary of Taekwang Group, announced on Sunday that it has achieved ISO 45001 certification ...
Mar 06, 2023 (Gmt+09:00)
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Companies
Hanwha Techwin changes name to Hanwha Vision
South Korea’s Hanwha Techwin on Wednesday changed its name to Hanwha Vision and unveiled its new corporate image. On the reason for the n...
Mar 02, 2023 (Gmt+09:00)
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Artificial intelligence
Naver’s HyperCLOVA X: More Korean-proficient than ChatGPT
South Korea’s online giant Naver Corp. will unveil an updated version of its AI platform HyperCLOVA, HyperCLOVA X, which it said better unders...
Feb 28, 2023 (Gmt+09:00)
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Artificial intelligence
Kakao Brain to launch investment fund for AI startups
Kakao Brain, a South Korean artificial intelligence (AI) company owned by Kakao Corp., said on Sunday it plans to set up a fund of up to 10 billion ...
Feb 27, 2023 (Gmt+09:00)
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Electronics
Samsung, LG ditch BOE in likely Apple deal for iPad Pro OLED panels
Samsung Display Co. and LG Display Co. will likely win orders from Apple Inc. to build organic light-emitting diode (OLED) displays for the US tech ...
Feb 21, 2023 (Gmt+09:00)
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Food & Beverage
Kyochon sets sights on Western expansion with Canadian franchise deal
Kyochon F&B, the operator of South Korea's premier fried chicken brand Kyochon Chicken, said on Tuesday that it has secured a master franchise a...
Feb 21, 2023 (Gmt+09:00)
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Korean startups
DeepBrain AI joins CB Insights' Global 250 Generative AI Startups list
DeepBrain AI, a South Korean AI startup, said on Friday it made the list of "Global 250 Generative AI Startups" by CB Insights, a New York-based mar...
Feb 17, 2023 (Gmt+09:00)
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Economy
S.Korea's Engel coefficient rises sharply amid COVID-19 pandemic
South Korea’s low-income households are feeling the pinch of rising food prices amid the COVID-19 pandemic, according to a report by a local t...
Feb 17, 2023 (Gmt+09:00)
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Korean stock market
Samsung C&T to cancel $2.3 bn worth of treasury shares, stocks up
Samsung C&T Corp.’s share price zoomed on Thursday on news that the company will cancel its entire treasury stock holdings worth about 2.9...
Feb 16, 2023 (Gmt+09:00)
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Artificial intelligence
Kakao Brain presents text-based AI motion generation model
On Tuesday, Kakao Brain, the AI unit of South Korea's Kakao Corp., announced the development of a new text-based motion generation model, called "FL...
Feb 15, 2023 (Gmt+09:00)
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Executive reshuffles
Hanwha accelerates generational shift with promotion of second son
South Korea’s chemicals-to-defense conglomerate Hanwha Group is accelerating its generational power shift by promoting the group chairman&rsqu...
Feb 14, 2023 (Gmt+09:00)
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Leadership & Management
Samsung’s Lee may ramp up investment in QD-OLED panels
Samsung Electronics Co. may ramp up its investment in screen panel affiliate Samsung Display Co. to meet growing demand for next-generation quantum ...
Feb 07, 2023 (Gmt+09:00)
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Construction
Lotte Construction develops eco-friendly concrete
Lotte Engineering & Construction has developed eco-friendly concrete that can reduce carbon dioxide emissions by up to 90%. In collaboration wit...
Feb 06, 2023 (Gmt+09:00)
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Real estate
Bluecove buys Grand Hyatt Seoul for over $565 million
South Korean real estate firm Bluecove Investment has signed an agreement to acquire five-star hotel Grand Hyatt Seoul for more than 700 billion won...
Jan 31, 2023 (Gmt+09:00)
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Korean chipmakers
SK Hynix unveils industry’s fastest mobile DRAM chip LPDDR5T
SK Hynix Inc., the world’s second-largest memory chipmaker, said on Wednesday it has developed the world’s fastest mobile DRAM chip and ...
Jan 25, 2023 (Gmt+09:00)
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Travel & Leisure
Stay-in-hotel trend for the holidays revs up luxury hotels
Luxury hotels in South Korea are enjoying the emerging trend of Koreans choosing relaxing vacations at hotels, rather than taking holidays overseas....
Jan 17, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Samsung SDS calls attacks on cloud biggest threat to cyber security
Cloud protection is the top cyber security concern for companies this year, a study says.Samsung SDS Co. on Thursday said this in its report "Top Fi...
Jan 13, 2023 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet