Samsung Chairman Lee to meet new premier in China
Samsung Electronics Co. Chairman Jay Y. Lee arrived in Beijing on March 23 to review the chipmaker’s business in China, which is gradually rec...
Korea's CJ Freshway promotes waste cooking oil recycling
CJ Freshway, a South Korean food distributor and food service company, announced on Friday that it has partnered with S&D Company, the operator ...
DB HiTek mulls $780 mn capex in foundry after fabless demerger
South Korea’s chip foundry company DB HiTek Co. is mulling about 1 trillion won ($780 million) in capital expenditures to enhance its foundry ...
KB, Hana drive major S.Korean overseas banking profits lower
KB Kookmin Bank and Hana Bank led weaker earnings of the four largest South Korean lenders’ overseas units last year although their rivals Shi...
Yanolja Cloud to develop real estate platform with SK Discovery
South Korea's Yanolja Cloud, a software-as-a-service (SaaS) company, announced on Tuesday its partnership with SK Discovery Co. to build a proptech ...
Samsung Elec boosts robotics as key growth engine: Vice chairman
Samsung Electronics Co., the world’s largest chip producer, will go all out to expand its robotics business, Vice Chairman and Co-CEO Han Jong...
SK C&C, Naver Cloud team up to boost AI services for Korean companies
SK C&C, a leading information technology service provider in South Korea, has announced a partnership with Naver Cloud to develop ultra-large ar...
Wave Lifestyle Tech signs MOU with Saudi gov't to expand robot business
Wave Lifestyle Tech, a South Korean foodtech robot company, said on Monday that it has signed a memorandum of understanding with Saudi Arabia’...
S.Korea's STX to spin off shipping division
South Korea's general trading company STX Corporation has announced plans to divide its shipping division into a new company specializing in shippin...
Startup Innospace launches Korea’s first private projectile
South Korean space startup Innospace said on Monday it has launched a suborbital test projectile, the country’s first private launch vehicle, ...
Bespin Global to work with GBike for smart mobility business in Vietnam
Bespin Global, a cloud delivery platform company based in South Korea, announced on Thursday that it had partnered with GBike, a micromobility tech ...
OCI to expand polysilicon line, buy back shares to boost corporate value
OCI Co., a leading South Korean chemical and green energy company, plans to significantly increase the size of its upcoming share buyback and cancel...
LG Elec to spend over $4 bn on capex in 2023, biggest in a decade
LG Electronics Inc. has decided to go bold to widen the technology gap with its rivals, with its biggest capital expenditure in a decade of more tha...
EQT sees huge potential in security services for S.Korean SMEs
The digital security market is rapidly growing in South Korea, one of the world’s fastest-aging countries and amid its soaring labor costs.&nb...
CJ Logistics, IGAWorks team up to boost data value
CJ Logistics, a South Korean logistics company, said on Thursday that it has signed a business agreement with IGAWorks Co., a big data platform comp...
F&F bets on China's beauty market under MLB brand
F&F Co., a South Korean retailer of Western brands such as Major League Baseball (MLB), has been rapidly penetrating China's cosmetics market, w...
Lotte Fine Chemical, OCI Global join hands for clean ammonia business
Lotte Fine Chemical Co., a subsidiary of Lotte Chemical Corp., and Europe’s No.1 clean ammonia producer OCI N.V., or OCI Global, will collabor...
Hyundai Asan to sell $30.7 million worth of shares for capital restructuring
Hyundai Asan Co. under South Korean conglomerate Hyundai Group will raise 40 billion won ($30.7 million) in its seventh share sale since it was forc...
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...
Samsung suspends business with select software partner companies
Samsung Electronics Co. has recently “suspended transactions” with select software partner companies through regular auditing, with arou...
Hahn & Co. puts SK Shipping’s tanker business up for sale
South Korean private equity firm Hahn & Co. is seeking to sell SK Shipping Co.’s tanker division, a business widely seen as the breadwinne...
LG Chem mulls shuttering in-vitro diagnostics business
LG Chem Ltd. is considering an exit from the in-vitro diagnostics market to focus more on novel drug development as it lagged its smaller local riva...
Naver offers platform for CJ in fight vs Coupang
Naver Corp. is shaking up South Korea’s online shopping market led by Coupang Inc. as it has launched a next-day delivery service to challenge...
System on chips: Samsung’s new high-stakes foundry business
Samsung Electronics Co. is setting its sights on system on chips (SoCs) to continue to drive growth in its foundry business amid a protracted slowdo...
Korea’s Shinsegae to bolster convenience store business
South Korea’s retail giant Shinsegae Group is set to boost its business in the rapidly growing convenience store sector as its supermarket cha...
Hanwha hires former Biden confidant as US government affairs chief
WASHINGTON D.C. – South Korea’s chemicals-to-defense conglomerate Hanwha Group has hired Danny O’Brien, a top aide to US President...
Hanwha Q Cells jumps into distributed energy biz with forecast service
Hanwha Q Cells, the Q Cells division of Hanwha Solutions Corp., said on Wednesday that it had started a renewable energy generation forecast service...
S.Korea's DB HiTek to split off fabless, bulk up foundry business
DB HiTek Co., a leading chipmaker in South Korea, said on March 7 it is set to split off its fabless unit by May 2 to ramp up its foundry business.D...
KEXIM bank inks $6 billion financing deal with Aramco
The Export-Import Bank of Korea said on Tuesday it has signed a three-year framework agreement with Saudi Arabian Oil Co.(Aramco), to provide up to ...
Hankook & Co. buys autonomous driving tech startup 3Secondz
Hankook & Company Co., a South Korean holding company that owns tire and mobility businesses, said on Tuesday that it has acquired the autonomou...
