Brokerage firms in S.Korea log sharp falls in 2022 earnings

Brokerage firms in South Korea, led by Mirae Asset Securities Co., suffered a 50% plunge in net profit in 2022, as dwindling trading fees outweighed...

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 ...

Doosan Fuel Cell teams up with Kolon Global for hydrogen fuel cell

South Korean fuel cell manufacturer Doosan Fuel Cell, and Kolon Global Corp., a South Korean company that specializes in the production of industria...

Hankook Tire supplies tires to BMW Driving Center for 9 consecutive years

Hankook Tire & Technology, a tire manufacturer based in South Korea, announced on Wednesday its exclusive partnership with BMW Driving Center's ...

EcoPro taps mines in the Americas to secure cathode materials: EcoPro CEO

EcoPro Group, South Korea’s leading battery materials producer, is mulling investments in mines in the Americas to source cathode materials, a...

Hyundai Heavy tops global 2-stroke engine production

South Korea’s Hyundai Heavy Industries Co. became the world’s first shipbuilder to have marked 200 million brake horsepower (bhp) in cum...

Kakao Mobility buys UK ride-hailing startup Splyt for global biz

South Korea’s Kakao Mobility Corp. said on Wednesday it has acquired the British ride-hailing startup Splyt, marking the first overseas takeov...

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...

Samsung Electronics’ new C-Lab Outside center opens in Gwangju

Samsung Electronics Co. on Monday opened its second regional C-Lab Outside center in Gwangju about a month after opening the first regional startup ...

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 ...

Lotte Global Logistics establishes resource recycling platform in Korea

South Korea's Lotte Global Logistics has established a resource recycling platform across ten logistics centers. The company has introduced the solu...

Two global shareholder voting advisors oppose activist funds in S. Korea

Institutional Shareholder Services (ISS) and Glass Lewis, the world's two biggest advisory bodies for shareholder voting rights, have recommended op...

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...

S.Korea's Naver gets global compliance certification

South Korea’s top search portal Naver Corp. said on Friday that it had received a global certification for its compliance management system fr...

ISS, Glass Lewis urge shareholders to veto activist fund's requests on JB

Proxy advisers Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. are urging shareholders of JB Financial Group Co., a South Ko...

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...

S.Korea’s NPS taps investment strategy head as NY office chief

South Korea’s National Pension Service (NPS) is slated to undergo a management reshuffle for the first time since Chief Investment Officer Seo...

SK Telecom introduces voice authentication tech to AI contact center

SK Telecom Co. announced on Thursday its partnership with American voice technology company, Pindrop, to introduce an artificial intelligence voice ...

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...

Kolon Industries showcases hydrogen fuel cell materials at Tokyo Expo

Kolon Industries Inc., a Korean manufacturer of chemical and textile products, said on Wednesday that it was exhibiting its hydrogen fuel cell parts...

Korea Ginseng Corporation opens new R&D center in California

Korea Ginseng Corporation (KGC), a leading producer of Korean ginseng products, said on Wednesday that it has opened a new research and development ...

Global macro investing to revive for more volatile age: M&G

The value of investments will fluctuate, which will cause prices to fall as well as rise and investors may not get back the original amount they inv...

Kia unveils flagship EV9 design; world premiere in March

Kia Corp. on Wednesday showcased its large flagship electric sport utility vehicle EV9 as the No. 2 South Korean carmaker is extending its EV lineup...