S.Korea to extend trading hours of local forex market

South Korea will extend the trading hours for the local foreign exchange market to attract overseas investors and improve the trading system so that...

LG Innotek eyes top spot in FC-BGA substrate market

South Korea’s LG Innotek Co. will boost the production of its flip chip ball grid array (FC-BGA) packages, or high-density package substrates,...

Samsung’s new 5 nm high-performance SSD faster, uses less power

Samsung Electronics Co., the world’s largest memory chipmaker, said on Thursday it is ready to produce in large quantities PM9C1a, its latest ...

Samsung, SK Hynix to benefit from Intel’s Sapphire Rapids CPU

The much-awaited launch of Intel Corp.’s latest processors dubbed Sapphire Rapids is a boon for leading memory chipmakers such as Samsung Elec...

Samsung Biologics receives Terra Carta Seal

Samsung Biologics Co., the world’s largest contract drugmaker, said on Wednesday it was awarded the Sustainable Markets Initiative’s Ter...

POSCO opens first overseas venture incubating office in Silicon Valley

POSCO Group said on Wednesday that it has opened the first overseas office of ChangeUp Ground in Silicon Valley in the US.ChangeUp Ground is a start...

Korean apparel retailer F&F to produce global K-pop stars

South Korean outdoor clothing retailer F&F Co. made a foray into the entertainment sector to create a synergy of K-content and fashion, competin...

Celltrion Healthcare lands biosimilar deal in Brazil for 2nd straight year

South Korea's Celltrion Healthcare Co. on Tuesday said that for the second straight year, it landed an order for infliximab, an antibody used to tre...

SK bio families to present visions to global investors at SK Bio Night

SK Inc., the investment company of SK Group, said on Tuesday that it will hold a networking event called "SK Bio Night" in the US along with its bio...

POSCO to enter palm oil refining market in Indonesia

POSCO International Co., a trading arm of South Korea’s steel giant POSCO Co., will build a palm oil refining plant in Indonesia to foray into...

Korea’s secondhand car market cools amid elevated interest rates

South Korea’s secondhand car market is cooling rapidly as both dealers and buyers are reeling from elevated interest rates, which also bode il...

S-1 calls AI video solutions core of this year's AI security market

Access management of facial recognition needs the most improvement this year and artificial intelligence (AI)-based solutions such as intelligent cl...

Ford in talks with LG Energy for Turkey EV battery plant

Ford Motor Co. is in talks with LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, to build a cell factory in...

Korean activist fund KCGI buys Meritz Asset Management

A consortium led by Korea Corporate Governance Improvement Fund (KCGI), a local activist fund, said on Jan. 9 it signed a share purchase agreement l...

SK Ecoplant joins with PnP to foster eco-friendly global startups

South Korea’s SK Ecoplant Co. will join with global venture capital firm Plug and Play (PnP) to discover and launch global startups in eco-fri...

Global VCs urge S.Korea to train lawyers on int'l contracts

Brad McManus, investment director of the Silicon Valley-based venture capital (VC) fund Applied Ventures LLC, said his company will discuss investme...

Korea's SK On scraps $3.2 bn Turkey EV battery factory plan

SK On Co., the world’s No. 5 electric vehicle battery maker, dropped a plan to build a 4 trillion won ($3.2 billion) plant in Turkey as higher...

Samsung, Harman unveil in-vehicle driver alert system

When a driver feels drowsy and his eyelids start slipping, a red light flickers on his dashboard with a warning sound.That’s the key feature o...

Samsung’s Q4 profit tumbles; cuts 2023 chip profit forecast by half

Samsung Electronics Co., the world’s largest memory chip and smartphone maker, posted its worst quarterly operating profit in eight years on F...

Hyundai, Kia beat Honda to rank 5th in US market

Hyundai Motor Co. and Kia Corp. kept their fifth place in sales in the US market for the second consecutive year. Despite production setbacks due to...

Privatization of Korea’s top container line HMM to gain traction

South Korea’s move to privatize container shipping line HMM Co. to recover taxpayer money is gaining traction as government officials start lo...

Hyundai's Nexo keeps 1st place in hydrogen car market beating Toyota

Hyundai Motor Co.'s hydrogen fuel cell car model Nexo far surpassed Toyota in the world's market share. According to SNE Research, a market research...

S.Korea's automotive unit Kolon Mobility Group reborn as separate entity

South Korea's Kolon Mobility Group has been launched with Lee Kyu-ho, the great grandson of the Kolon Group founder Lee Won-man, as co-CEO. Formerly...

S.Korea’s IPO market sours as Kurly postpones listing

South Korea’s initial public offering market has soured as gourmet food delivery platform Kurly Inc. delayed its listing amid deteriorating in...

Novarex, Riman sign agreement to jointly develop health-functional food

South Korea's health functional foods company Novarex and cosmetics company Riiman Korea met to promote the health-functional foods business togethe...

Korea's coffee brand Ediya to open 1st overseas branch in Guam

Ediya Coffee, South Korea's home-grown low-priced coffee brand, will open a branch in Guam in the first half of this year to seek growth through exp...

Hyundai, Kia aim to outpace industry growth in 2023

The Hyundai Motor Group is aiming to boost sales by 10% this year from 2022, above an estimated single-digit growth in the global automotive market....

Sejong kicks off private 5G business for exclusive use for industrial safety

Sejong Telecom, Inc. a mid-sized facilities-based telecommunications business and ICT platform company in South Korea, will launch a private 5G bu...

HLB confirms ophthalmic disease treatment in phase 3 clinical trials

South Korea’s biomedicine startup HLB Therapeutics Co. said on Monday that its Neurotrophic Keratopathy (NK) treatment RGN-259 proved effectiv...

LG Uplus succeeds in linking open RAN standard equipment

LG Uplus Corp. said on Tuesday that it has succeeded in linking open distributed unit (O-DU) and open RAN (radio access network) radio unit (O-RU) b...