Mirae Asset Securities puts its Yeouido building on the market

Mirae Asset Securities Co. is seeking to sell off its Seoul-based office building, the value of which is estimated at around 300 billion won ($223.7...

Shinsegae targets global luxury cosmetics market with own brand

South Korea’s Shinsegae International Inc. targets the global luxury cosmetics market with its own house brand as it aims to transform into a ...

Seoul to launch AI chatbot service for foreign visitors' tour planning

Seoul city government is in talks with tech firms including Google LLC, Microsoft Corp. and Naver Corp. to provide foreigners with artificial intell...

Korean startups join push to champion satellite data analytics market

Artificial intelligence is making big changes everywhere, even in space. Joining an AI-controlled space war, South Korean startups armed with AI tec...

Hanwha Group chair calls for startup-like entrepreneurial spirit

South Korea’s Hanwha Group Chairman Kim Seung-youn on Monday urged the defense-to-financial conglomerate to revive the bold innovations of its...

Vuno's brain imaging AI medical device secures FDA certification

South Korea's medical device startup Vuno announced on Tuesday that its AI-powered brain quantification device Vuno Med-DeepBrain has received the 5...

Lotte Chemical sells JV stakes in China, eyes other profitable markets

South Korea’s Lotte Chemical Corp. has sold its entire stakes in joint ventures with Chinese partners as the Korean company faces a supply glu...

Samsung to develop Galaxy Fold, Flip-customized games

Samsung Electronics Co., the world’s top smartphone maker by volume, is developing mobile games customized to its Galaxy Fold and Flip series ...

Apple, Google may face $50.4 mn fine over in-app billing in Korea

Apple Inc. and Alphabet Inc.’s Google may be fined up to 68 billion won ($50.4 million) in South Korea for breaking the country’s in-app...

KAI participates in International Astronautical Congress 2023

Korea Aerospace Industries Ltd. (KAI), South Korea's sole military aircraft manufacturer, participated in the 74th International Astronautical Congr...

Rebellions, Samsung to jointly develop new AI chip

South Korea's AI semiconductor startup Rebellions announced a strategic partnership with Samsung Electronics Co. to co-develop their next-generation...

Hyundai Motor, Kia to adopt Tesla’s charging standard for EVs

Hyundai Motor Co. and Kia Corp. have joined Tesla's Supercharger network for electric vehicles (EV).The North American branches of the two South Kor...

Korean bond market squeezed by maturing debt, new issues

South Korea’s corporate bond market is saddled with a massive amount of debt due later this year and a surge in banks' new bond issues, amid h...

BMW premieres new 5 Series in Korea, the model’s top market

German carmaker BMW Group on Thursday premiered its latest 5 Series premium sedan in South Korea, an indication of the growing importance of the Asi...

S.Korea’s corporate R&D spending lags global rivals

Major South Korean companies’ spending on research and development lags investments made by their global competitors due to lower government t...

Lotte Biologics to break ground on 1st local CDMO plant in 2024

South Korea’s Lotte Biologics Co. is set to start building its first local facility for drug manufacturing next year, aiming for 400,000 liter...

Pulmuone, BlueNalu team up for cell-cultured seafood

South Korean food company Pulmuone revealed plans on Thursday to boost its strategic partnership with US-based seafood startup BlueNalu, focusing on...

Korea markets melt as Fed officials foresee longer-than-expected high rates

South Korean financial markets lost ground on Wednesday with the 10-year government bond yield at a one-year high as US Federal Reserve policymakers...

Hanwha bets big on robots with Hanwha Robotics' official launch

South Korea’s seventh-largest conglomerate Hanwha Group has joined a race to win the burgeoning robot market, with the official launch of Hanw...

Naver's Kream integrates with Japan's Soda

Naver Corp.'s subsidiary Kream, the South Korean limited-edition goods trading platform has decided to merge its operations with Japan's Soda Inc., ...

Average fixed transaction DRAM price in Sept bottoms out at $1.30

The average fixed transaction price of DRAMs last month stayed at $1.30, maintaining its sluggishness in the $1 range for the ninth consecutive mont...

SUVs, small pickups grab largest share of S.Korea's car market

Sport utility vehicles (SUV) and small pickup trucks in South Korea are occupying a larger share of the domestic automotive market.Industry sources ...

Recreational cars grab largest share of S.Korea's automotive market

Recreational vehicles (RVs) in South Korea like sport utility vehicles (SUV) and small pickups are occupying a larger share of the domestic automoti...

S.Korea's ModaModa partners with Poland's MBF Group

South Korean haircare brand ModaModa has partnered with Poland's MBF Group S.A. for distribution, signifying its entry into the expanding European b...

SK Telecom enters Japan's pet care market

South Korea’s SK Telecom Co. has entered the Japanese pet market using its innovative artificial intelligence (AI) under a tie-up with Japan&r...

Korean language demand creates new overseas markets for startups

South Korean language startups are expanding their business in overseas markets with their local tongue through generative artificial intelligence, ...

Kakao completes first in-house data center

South Korean tech giant Kakao Corp. has completed construction of its first in-house data center that can store 120,000 computer servers, with its l...

Fed-triggered taper tantrum takes toll on Korean financial markets

The South Korean financial markets were roiled by a fresh taper tantrum after the US Federal Reserve chair signaled further tightening last week, tr...

SK Ecoplant, Ascend Elements in $66 mn US battery recycling JV deal

SK Ecoplant Co., a South Korean construction engineering and waste management firm, and its two overseas affiliates are launching a $65.8 million ba...

LG H&H acquires S.Korean makeup brand Hince

South Korea's LG H&H Co. announced on Tuesday that it has signed an agreement to acquire a 75% stake in Vivawave, which owns the domestic premiu...