NPS underperforms global peers by returns for Q1-Q3 2022

South Korea's National Pension Service (NPS), the world's third-largest pension fund, ranked 10th out of the global 42 state-owned investors by rate...

Philip Morris, KT&G extend sales partnership to 2038

KT&G Corp., the world's fifth-largest tobacco maker, has extended its sales partnership with US cigarette giant Philip Morris International Inc....

POSCO Chem, Samsung SDI ink $33 bn EV battery material deal

POSCO Chemical Co., a battery material unit of South Korea’s steel giant POSCO Holdings Inc., and Samsung SDI Co., the world’s No. 6 ele...

Samsung Electronics' life cycle assessment gauges CO2 emission impact from chips

Samsung Electronics Co. on Monday said it set up a life cycle assessment (LCA) methodology for semiconductors to achieve carbon neutrality by 2050.T...

AI tech of Samsung Research recognized via machine translation award

Samsung Research, the research and development (R&D) hub of Samsung Electronics Co., has proven its excellence in artificial intelligence-based ...

LG Energy to raise capex by 50% in bet on strong EV growth

LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, plans to ramp up capital expenditure by more than half thi...

A-Team Ventures succeeds in attracting $4.1 mn investment from LX

A-Team Ventures, which runs an online manufacturing platform "Capa," said on Friday that it has raised a Series B funding of 5 billion won ($4.1 mil...

S.Korea, Japan compete in gastroesophageal reflux drug market

South Korea is battling Japan again, this time on the global market to treat gastroesophageal reflux disease (GERD). South Korea's pharmaceutical pr...

S.Korea's Bespin Global launches all-in-one AIoT

South Korea's cloud solution provider Bespin Global said on Thursday that it would launch "IoTOps," a software as a service (SaaS)-based artificial ...

POSCO gets nod for battery technology transfer to overseas plants

POSCO Chemical Co., a unit of South Korean steelmaker POSCO Holdings Co., on Thursday won government approval to transfer technology to its overseas...

South Korea’s economic contraction deepens recession woes

South Korea suffered its first economic contraction in two and half years due to sluggish exports and weak domestic demand during the fourth quarter...

Samsung Biologics CEO focuses on global business

John Rim, chief executive of Samsung BioLogics will directly lead his company's global sales operations for biopharmaceuticals through contract deve...

Samsung earns ISO 22301 certification for business continuity

Samsung Electronics Co.'s device solutions division has achieved ISO 22301 certification, the international business continuity management system (B...

Silicon Valley, Korean startups’ choice for global business

Silicon Valley was the favorite place for South Korean startups for their global business as more of them were established in other countries for th...

LG Energy partners with Seoul Nat'l Univ. for battery technology

South Korea's No. 1 secondary battery maker LG Energy Solution Ltd. and Seoul National University on Friday signed an agreement to establish an indu...

KB Financial recognized as global sustainability leader

South Korea's KB Financial Group was selected as one of the "Global 100 Most Sustainable Corporations in the World" list announced by Corporate Knig...

Korea’s top probiotic drink maker hy to expand global biz

South Korea’s leading probiotic drink maker hy Co. is seeking to expand its health functional food business into the global market as demand f...

Global smartphone shipments hit 10-year low in 2022

Global smartphone shipments last year declined to their lowest level in 10 years, showing how consumers closed their wallets amid the economic downt...

SK On, graphite processor Urbix to jointly produce anode materials

South Korea's SK On Co. and US graphite processor Urbix Inc. have signed an agreement to jointly develop high-performance anode materials, Korea's l...

Cosmax to make inroads into Japanese market in earnest

Cosmax Inc., South Korea's cosmetics original design manufacturing (ODM) company, said on Thursday that it would start targeting the Japanese market...

Lotte to invest $55 mn in Indian ice cream subsidiary for 5 years

South Korea-based Lotte Confectionery Co. will invest  4.5 billion rupees ($55.1 million) in its Indian unit Havmor Ice Cream in the next five ...

Global shipments of foldable smartphones to jump 44% this year: Report

Amid forecasts of a dull global market for smartphones due to the economic downturn, a report says foldable models alone will maintain growth in the...

WeMade sets up blockchain corporation in UAE

WeMade Co., South Korea's game developer and publisher and the issuer of cryptocurrency WeMix, set up WeMix MENA Ltd. in the United Arab Emirates (U...

Bespin Global establishes Vietnam Tech Center for cloud, digital innovation

South Korea's cloud management company Bespin Global will foster cloud and digital innovation industries in Central Vietnam. To this end, the compan...

Samsung hires ex-Yogiyo CEO to lead online sales as rivals axe jobs

Samsung Electronics Co. has hired Kang Shin-bong, former chief executive of Yogiyo, South Korea’s second-largest food delivery platform, to le...

Kolon Global secures patent for Kankan Smart Space technology

South Korea's construction engineering company Kolon Global Corp. said on Monday that it has obtained a technology patent for the multi-purpose syst...

Hanwha, LG Energy team up for US battery production

South Korea’s Hanwha Group will invest in LG Energy Solution Ltd.'s battery production lines for energy storage systems (ESS) in the US, some ...

Pulmuone builds data sharing cluster for factories

South Korea's major plant-based food company Pulmuone Co. Ltd. said on Monday that it has built a "digital cluster smart factory" that can share, in...

LG Elec's Tennessee plant named Lighthouse Factory by WEF

LG Electronics Inc.'s home appliance factory in Tennessee, the US, has been selected as a "Lighthouse Factory" by the World Economic Forum (WEF) for...

SK-Ford JV likely to raise $4 bn via US loan program

Glendale, Kentucky -- A battery joint venture between South Korea’s SK On Co. and Ford Motor Co. is likely to raise about $4 billion in a US g...