future growth plan

South Korean government is pursuing various measures to nurture talent as a way to secure national competitiveness in the AI industry as represented...

South Korea's steelmaker POSCO and the government-run Korea Mine Rehabilitation and Mineral Resources Corp. (KOMIR) on Friday announced the first pi...

South Korea’s economy is unlikely to rebound in the second half as exports are expected to stay weak on the sluggish global semiconductor indu...

The Korean Defense Acquisition Program Administration (DAPA) teams up with major US defense contractor Boeing to conduct research and development on...

South Korea's Hyundai Department Store Co. said on Thursday that it has acquired the operating rights of Disney Store, a retail brand of Walt Disney...

South Korea's Lotte Department Store seeks to attract foreign tourists amid Golden Week holidays in Southeast Asia.Tourists from the region are expe...

Tesla Inc.’s South Korean business has been worsening in recent months due to the lack of new models launched in the country amid Seoul’...

POSCO E&C (formerly POSCO Engineering & Construction), the builder affiliate of South Korea's POSCO Group, announced on Wednesday that it ha...

Hyundai Engineering & Construction and Samsung C&T Corp.'s construction unit andannounced on Tuesday that they have signed a strategic bus...

HD Hyundai Infracore (formerly Hyundai Doosan Infracore Co.), a South Korean construction equipment maker, has ventured into the Middle East and Afr...

South Korea's battery component maker POSCO Future M, formerly POSCO Chemical, said on Tuesday that it has entered into an agreement with Sungkyun...

Artificial intelligence is the talk of the tech world, particularly with the rise of the worldwide sensation OpenAI’s ChatGPT, the generative ...

The South Korean government plans to allocate 70% of its annual R&D budget to 40 projects for research and development in eleven core industrial...

South Korea’s central bank was widely expected to leave its policy interest rate unchanged this week as inflation slows amid fears of a recess...

Former US Deputy Secretary of State Stephen Biegun will hold talks with Chairman Choi Jeong-woo of South Korea’s POSCO Group.They will discuss...

Samsung and SK, South Korea’s two largest conglomerates, are speeding up the growth in the carbon capture, utilization and storage (CCUS) busi...

InnoGrid Co., South Korea's cloud computing and digital transformation (DT) specialist, announced on Friday that it has signed an agreement with dat...

Lotte Group announced on Friday that it has signed a financial support agreement worth 5 trillion won ($3.8 billion) with four major South Korean ba...

LG Electronics Inc. expects sales of its home appliances division, the key cash cow of the South Korean company, to remain steady at 30 trillion won...

GS Group, a South Korean energy-to-retail conglomerate, plans to aggressively invest in startups and venture companies with promising technology &nd...

South Korean firm Dongwon Systems Corp. has signed an agreement with Dongkuk Industries Co. for the supply, sale and development of raw materials fo...

South Korean carmaker Kia Corp. on Thursday said it unveiled on Wednesday in New York its large electric sport-utility vehicle EV9 for the first tim...

South Korea's Yanolja Cloud announced on Thursday that it has acquired InSoft, a US hospitality solution company, to establish a base for expanding ...

South Korean IT services company SK C&C announced on Wednesday a partnership with American venture capital firm Storm Ventures to discover and c...

South Korea's confectionary giant Orion Corp. has seen brisk sales growth this year, pushing out rival CJ CheilJedang Corp. to solidify its dominanc...

South Korea's KG Mobility (formerly Ssangyong Motor Co.) says it will actively target not only Europe and the US but also niche markets in emerging ...

Kyobo Life Insurance Co. has completed the process to put a South Korea-based alternative asset investment company under its wing, a move that is ex...

South Korea's Cabinet on Tuesday passed a bill on the launch this year of the nation's own version of the US National Aeronautics and Space Administ...

South Korea will invest 31.5 billion won ($23.96 million) this year to train over 3,700 core personnel in future car technologies, including autonom...

South Korean homegrown burger and chicken brand Mom's Touch & Co. announced on Tuesday that it has signed a master franchise agreement with loca...