South Korea arms exports triple; rises to 8th-largest exporter

 South Korea has become the world’s eighth-largest arms exporter, with its exports rising threefold – the fastest pace among the wo...

Korea's top mobile game Odin creator Lionheart eyes IPO in H2

Lionheart Studio Corp., South Korea’s leading game developer behind the mobile game Odin, has begun the process to go public with its July 22 ...

Korea's Hyundai Mobis bolsters its own chipmaking capabilities

Hyundai Mobis Co., South Korea’s largest auto parts maker, is aiming to produce the majority of its automotive semiconductors with its own tec...

Ildong mulls seeking COVID-19 pill approval from Korea first

Ildong Pharmaceutical Co., a South Korean drugmaker, considers seeking approval for a COVID-19 anti-viral pill from the country as Japan postponed g...

KAI targets to sell 1,000 units of FA-50 light attack aircraft worth $30 billion

Korea Aerospace Industries Ltd., South Korea’s sole military aircraft manufacturer, is seeking to sell 1,000 units of the FA-50 light combat a...

Samsung SDI to build new battery plant in Malaysia by 2025

South Korea’s battery manufacturer Samsung SDI Co. held a groundbreaking ceremony for Plant 2 to make cylindrical batteries in Seremban, Mal...

Kolon Global to spin off auto unit, eyes Kolon Mobility IPO in 2023

Kolon Global Corp., an affiliate of South Korean conglomerate Kolon, will spin off its car import business unit to improve management efficiency and...

Korea startup unveils AI for sleep study with smartphones

A South Korean startup has unveiled an artificial intelligence model for medical analysis of sleep based on breathing sounds recorded by smartphones...

S.Korea defense firms poised to ink $7.7 bn in deals with Poland

South Korea’s defense makers including Hyundai Rotem Co., Korea Aerospace Industries Ltd. (KAI) and Hanwha Defense are poised to clinch 10 tri...

Korea's domestic jet fighter KF-21 completes first flight test

KF-21 Boramae, South Korea’s first advanced supersonic jet fighter, successfully completed its first flight test on Tuesday more than six year...

Patents, LG Elec.’s legacy from smartphone business

LG Electronics Inc., the global home appliance leader, is targeting the quickly growing global earbuds market with new products based on technologie...

Yellen calls for trade overhaul to diversify from China

SEOUL—Treasury Secretary Janet Yellen called for a reorientation of the world’s trading practices in the wake of Russia’s invasion...

South Korea to cut red tape, raise student quota to grow chip talent

South Korea, home to the world’s two largest memory chipmakers, said on Tuesday it will cut administrative red tape and ease the restrictive s...

Hyundai’s Supernal showcases flying electric car at UK air show

Supernal LLC, the urban air mobility affiliate of South Korea’s top automaker Hyundai Motor Co., has unveiled the cabin concept of its flying ...

KB Asset aims for first IPO of Korea's homegrown infrastructure fund

South Korea’s KB Asset Management Co. is set to list its Balhae Infrastructure Fund (Balhae) on the country’s main bourse Kospi in the s...

S.Korea’s 5G, cryptography likely to be adopted as global standards

South Korea’s five technologies on 5G mobile networks, cloud computing and cryptography have been preliminarily chosen as global standards, a ...

Pfizer Korea HQ sale falls through on investors' tepid interest

South Korea’s GRE Partners Asset Management Co. a real estate investment firm, has recently suspended the selling process for Pfizer Pharmaceu...

Korea to raise cash support on foreign investments in key sectors

South Korea plans to spend more cash on attracting foreign investments in high-tech and core supply chain industries as foreign direct investment to...

LG Uplus aims to recycle 100% of industrial waste in 3 years

LG Uplus Corp. announced it will recycle 100% of industrial waste from its plants by 2025.The mobile network arm of LG Corp. published a report titl...

SK Telecom to take lead in UAM biz with telco know-how

BUSAN -- South Korea’s top mobile carrier SK Telecom Co. aims to dominate the urban air mobility market based on its expertise and know-how in...

Affirma’s bolt-on M&A strategy shines in S.Korea

Affirma Capital is a small player in South Korea’s private equity market, but its successful bolt-on strategy helps the mid-cap-focused invest...

Korea’s battery recycling company SebitChem seeks IPO

SebitChem Co., South Korea’s secondary battery recycling company, is seeking an initial public offering, taking advantage of investors’ ...

South Korea’s Mirae Asset Group bets $100 million on SpaceX

Mirae Asset Securities Co. is poised to invest $100 million in US spacecraft and satellite communication corporation SpaceX. The South Korean f...

Korea’s Cosmax to shut Ohio plant to cut losses; shares up

Cosmax Inc., a major South Korean original design manufacturer (ODM) for L'Oréal and other global cosmetics giants, plans to shut its loss-ma...

Korea’s HMM to invest $11 bn in ships, eco-friendly fuels

South Korea’s largest container line HMM Co. is set to spend 15 trillion won ($11.4 billion) by 2026 to diversify business amid the volatility...

South Korea’s alternative meat startups get VCs salivating

In South Korea, the list of early stage startups that garnered more than 5 billion won ($3.8 million) in the last 12 months looks slightly different...

The North Face supplier Youngone to bet on global outdoor startups

South Korea’s Youngone Holdings Co. is set to accelerate its new business by establishing a corporate venture capital (CVC) firm in Singapor...

Korean gaming entrepreneur Kim Jae-young joins billionaire ranks

Kim Jae-young, founder and chief executive of Lionheart Studio Corp., the company behind South Korea’s most popular mobile game Odin, has join...

Hyundai Elevator aims to more than double sales by 2030

CHUNGJU, North Chungcheong Province -- Hyundai Elevator Co., South Korea’s top elevator maker, aims to more than double its sales in the next ...

Korea's top refiners likely to see strong 2022 despite tax concerns

South Korea's oil refining margin, a key indicator of refiners' profitability, dropped below $20 over the past month amid global recession fears. Ho...