Daesang to produce new eco-friendly material Cadaverine

Daesang Corp., South Korean manufacturer of food and pharmaceutical ingredients, announced on Wednesday that it has developed a new eco-friendly mat...

Yoon, Korea’s No. 1 salesman, at BIE to drum up support for 2030 Expo

South Korean President Yoon Suk Yeol will attend the Bureau International des Expositions (BIE) in Paris next week to drum up support for the Asian ...

Seoul is fourth most searched global city for summer travel: survey

The South Korean capital of Seoul is surging in global popularity as a summer travel destination amid the first peak summer season since COVID-19 we...

Samsung Elec joins global 4-day workweek push for work-life balance

Samsung Electronics Co. is joining the global four-day workweek move, albeit only partially, under its chief Jay Y. Lee’s leadership that emph...

Big Tech, Japanese comics publishers target webtoon business

Big Tech have started webtoon services while major Japanese comic book publishers are gearing up for the business, threatening South Korea’s o...

LG Group to launch global strategy center in July

LG Group will reportedly launch next month a global strategy center to analyze business trends abroad and devise responses.Industry sources on Sunda...

Hyundai Elantra N TCR wins 2023 TCR World Tour in Italy

Hyundai Motor Co. announced on Monday that the Elantra N TCR has won the 2023 TCR (touring car racing) World Tour in Vallelunga Circuit, Campagnano ...

Hyundai ramps up ties with Samsung, SK, LG for EVs, self-driving cars

South Korea’s top automaker Hyundai Motor Co. is strengthening its tech alliance with its local partners such as Samsung, LG and SK to stay ah...

OpenAI’s Sam Altman seeks help from Korean startups, chipmakers

Sam Altman, chief executive of Microsoft-backed OpenAI and ChatGPT creator, said on Friday that he hopes to collaborate with South Korean developers...

Hanwha Q Cells sweeps global solar energy industry awards

Hanwha Q Cells Co.'s winning of major global solar energy industry prizes is expected to help the unit of South Korean Hanwha Solutions Corp. cement...

S.Korea’s Handsome releases brand book with Assouline

South Korean fashion company Handsome Corp., a division of Hyundai Department Store Group, said on Thursday that it has partnered with Assouline, on...

Mirae Asset Securities, Near Protocol team up for blockchain techs

South Korea's Mirae Asset Securities announced on Thursday that it has signed a memorandum of understanding (MOU) for collaborative research in bloc...

Samsung to showcase new Galaxy foldables in Seoul in July

Samsung Electronics Co., the world’s largest smartphone maker, will showcase new foldable smartphones in the Galaxy Z series next month for th...

Samsung Biologics to double production by 2032; eyes ADCs, M&As

BOSTON – Samsung Biologics Co., the world’s No. 1 contract drugmaker, plans to more than double its total annual production capacity to ...

SK set to produce faster EV chargers than Tesla in US

DALLAS, TEXAS - South Korea’s SK Signet Inc. is poised to produce electric vehicle chargers with the fastest charging speed in the US, targeti...

Samsung perfects the home theater with top-notch multichannel soundbar

Samsung Electronics Co. is not only the world’s biggest TV and memory chip maker but also the global No. 1 soundbar brand thanks to its top-no...

HYBE in talks to raise $380 million to reach beyond K-pop: Bloomberg

HYBE Co., the South Korean entertainment powerhouse behind BTS, is said to be seeking to finance about 500 billion won ($380 million) to bring more ...

Teachers' Pension to up global alternatives to 19% of AUM by 2027

Teachers’ Pension (TP), South Korea’s major pension fund for private school employees, will accelerate investment in domestic bonds whil...

BIO USA 2023 to draw S.Korean biotech leaders, startups

More than 500 South Korean companies from top business groups to AI-based biotech startups are slated to attend the Bio International Convention 202...

Doosan Enerbility joins global fusion project ITER

South Korea’s Doosan Enerbility Co. will supply pressurizers to the global fusion project International Thermal Experimental Reactor (ITER) ...

POSCO Int'l secures graphite supply from Tanzania

South Korea's POSCO International has signed a deal on the supply of natural graphite to strengthen its battery raw materials unit.The company on ...

Hyundai renews FIFA sponsorship; Boston Dynamics, Supernal join

Hyundai Motor Co. and Kia Corp., the two automaking units of Hyundai Motor Group, said on Friday they have extended their FIFA partnerships through ...

Hyundai E&C, Holcim to jointly develop low-carbon construction materials

South Korea's Hyundai Engineering & Construction (E&C) said on Thursday that it has established an agreement with Holcim, a renowned global ...

SK On wins $909 mn from BlackRock, QIA, MBK consortium

SK On Co., the world’s fifth-largest battery maker, has confirmed it will receive a 1.2 trillion won ($908.7 million) investment for a minorit...

Hanon to build $40 mn heat pump systems plant in US state of Georgia

Hanon Systems Corp., a South Korean thermal management systems provider for automakers, is set to inject $40 million to establish a plant in the US ...

ASM to invest $100 mn to expand R&D facilities in S.Korea

The Netherlands-based semiconductor equipment maker ASM will invest $100 million (132 billion won) to boost its R&D and production capacities in...

Naver’s search engine dominance under siege as Google, MS advance

South Korea’s online portal Naver Corp., the undisputed search engine leader in the domestic market for decades, is under siege as global Big ...

Daewoo Shipbuilding enters new chapter as Hanwha Ocean  

Daewoo Shipbuilding & Marine Engineering Co. (DSME), South Korea’s cash-deprived second-largest shipbuilder, has rebranded itself Hanwha O...

Korea's NPS maintains good grade despite heavy losses: finance ministry

National Pension Service (NPS) of South Korea, the world’s third-largest pension fund with 939 trillion won ($713 billion) in assets as of end...

Kolon Industries to develop biodegradable plastics

Kolon Industries Inc., a South Korean chemical and textile manufacturer, is embarking on the development of biodegradable plastics using food wast...