LIG Nex1 secures $75 mn contract for KSIS military ground segment

LIG Nex1 secures $75 mn contract for KSIS military ground segment

South Korean aerospace manufacturer and defense company LIG Nex1 Co. announced on Wednesday a $75 million (99.1 billion won) contract with the count...

OCI to jointly produce polysilicon for chips with Japanese company

OCI to jointly produce polysilicon for chips with Japanese company

OCI Co., a leading South Korean chemical and green energy company, will team up with chemical giant Tokuyama Corp. of Japan to open a joint venture ...

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

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...

Cellid applies for Phase 3 clinical trials in S.Korea for COVID-19 vaccine

Cellid applies for Phase 3 clinical trials in S.Korea for COVID-19 vaccine

South Korean bio-venture Cellid Co. announced on Tuesday that it has applied for the clinical Phase 3 trial of the COVID-19 Omicron variant-specific...

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

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 ...

KAI secures deal to export 18 FA-50 light fighters to Malaysia

KAI secures deal to export 18 FA-50 light fighters to Malaysia

South Korea’s sole military aircraft manufacturer Korea Aerospace Industries Ltd., (KAI) has finalized a contract to supply Malaysia with eigh...

Daewoo Shipbuilding enters new chapter as Hanwha Ocean  

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

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...

Music copyright trading platform Musicow attracts $46 mn from STIC

Music copyright trading platform Musicow attracts $46 mn from STIC

Musicow Inc. has garnered an additional 60 billion won ($45.8 million) from Seoul-based venture capital and private equity firm STIC Investments Inc...

CrystalGenomics to sell largest 20% stake to Invites Healthcare for $44 mn

 CrystalGenomics to sell largest 20% stake to Invites Healthcare for $44 mn

CrystalGenomics Inc., South Korea’s first-generation biopharma venture company, will sell new shares worth 58 billion won ($44 million) in a b...

Kolon Industries to develop biodegradable plastics

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...

Samsung retains No.1 position in global TV market

Samsung retains No.1 position in global TV market

Samsung Electronics Co. has held on to its position as the world's top TV manufacturer in the first quarter of 2023, securing a 32.1% share of the m...

Hyosung Chemical makes emergency investment in crisis-hit Vietnamese subsidiary

Hyosung Chemical makes emergency investment in crisis-hit Vietnamese subsidiary

Hyosung Chemical announced on Monday that it will invest $120 million in its Vietnamese subsidiary, Hyosung Vina Chemicals Co.Hyosung Vina Chemicals...

HD Hyundai Energy Solutions wins its first solar module order in Africa

HD Hyundai Energy Solutions wins its first solar module order in Africa

South Korea's HD Hyundai Energy Solutions Co., HD Hyundai Co.'s solar power subsidiary, on Monday said it will supply solar modules for construction...

Celltrion Healthcare launches Remsima SC in Brazil

Celltrion Healthcare launches Remsima SC in Brazil

South Korean biopharmaceutical company Celltrion Healthcare Co. revealed on Monday its introduction of Remsima SC, a treatment for autoimmune diseas...

LG Innotek seeks to bolster innovation through a broader talent pool

LG Innotek seeks to bolster innovation through a broader talent pool

Efforts by LG Innotek Co. to diversify its talent pool have borne fruit by boosting its competitive edge, under its chief executive's focus on bro...

Hyundai completes Nürburgring 24 Hours for 8th consecutive year

Hyundai completes Nürburgring 24 Hours for 8th consecutive year

South Korea's Hyundai Motor Co. announced on Monday that its Elantra N TCR (known domestically as Avante N TCR) and i30 Fastback N Cup Car triumphed...

SK C&C to develop solution to prevent recycling fraud

SK C&C to develop solution to prevent recycling fraud

SK C&C, an information and communications technology affiliate of South Korea’s SK Group, on Thursday said it is developing a system for t...

Kakao migrates global webtoon service environment to Google Cloud

Kakao migrates global webtoon service environment to Google Cloud

South Korea's Kakao Entertainment Corp., a unit of South Korea’s mobile platform giant Kakao Corp. is joining forces with Google Cloud to glob...

Hanmi Semiconductor named world’s top 10 chip equipment maker

Hanmi Semiconductor named world’s top 10 chip equipment maker

South Korean chip equipment maker Hanmi Semiconductor Co. on Thursday said it made the world’s top 10 in the rankings of TechInsights, a globa...

Multifamily, digital infrastructure have upside potential: ASK 2023

Multifamily, digital infrastructure have upside potential: ASK 2023

Investors will spur capital injection in global residential real estate and emerging infrastructure segments such as data centers and energy transit...

Sartorius to build $600 mn Korea facilities, open to more investment

Sartorius to build $600 mn Korea facilities, open to more investment

Sartorius AG, a global pharmaceutical and laboratory equipment supplier, plans to spend $600 million on its first facilities in South Korea, about s...

Nexen Tire invests $1.3 bn to build US factory

Nexen Tire invests $1.3 bn to build US factory

South Korea's Nexen Tire Corp. plans to invest $1.3 billion (1.73 trillion won) to build its first-ever factory in the United States. Starting fro...

Samsung SDS bolsters Cello Square with tech upgrades, global push

 Samsung SDS bolsters Cello Square with tech upgrades, global push

Samsung SDS Co., the information technology service unit under Samsung Group, has upgraded its digital forwarding freight service platform to bring ...

Samsung Display buys US OLED microdisplay maker for $218 mn

Samsung Display buys US OLED microdisplay maker for $218 mn

South Korea's Samsung Display has bought American OLED microdisplay maker eMagin for $218 million (290 billion won).eMagin on Wednesday said Samsung...

S.Korean AI chip developer DeepX ready to take on Nvidia: CEO

S.Korean AI chip developer DeepX ready to take on Nvidia: CEO

Demand for artificial intelligence microprocessors is set to grow astronomically as electronics and cars are becoming smarter, said DeepX chief, add...

S.Korea's top 3 telecom companies boost pet-related services

S.Korea's top 3 telecom companies boost pet-related services

South Korea's top three telecommunication companies are expanding their pet-related services to attract as customers the estimated 15 million owners...

Secondaries, debt attractive for portfolio stability: Korean CIOs

Secondaries, debt attractive for portfolio stability: Korean CIOs

South Korean institutional investors find secondaries and private debt attractive amid the darkening economic outlook, chief investment officers (CI...

Korean institutions eye investment in OpenAI at $40 bn valuation

Korean institutions eye investment in OpenAI at $40 bn valuation

OpenAI, the world’s most well-known artificial intelligence lab, is tapping South Korean institutional investors for investment at an estimate...

Kumho Petrochem signs MOU with Japanese second-largest refiner

Kumho Petrochem signs MOU with Japanese second-largest refiner

South Korea's Kumho Petrochemical Co. and Idemitsu Kosan Co., a Japanese refining and petrochemical company, announced on May 17 that they have sign...

LG Energy, GM’s JV Ultium Cells to retrofit Tennessee plant to produce LFP batteries KPop Demon Hunters OST lands at No.6 on Billboard Hot 100 K-beauty craze sends Olive Young online sales to new heights Hyundai Motor’s high-stakes gambit in US: Cut vehicle prices as rivals hike With waning MZ interest, is heyday over for S.Korea’s golf apparel market?