Korean fintech sector struggles amid liquidity drought

A three-year-old South Korean fintech company is having trouble raising money through a Series B funding round as investor sentiment on the sector h...

Korea's SG Private Equity to buy local industrial gas supplier

South Korea’s SG Private Equity is set to acquire local industrial gas supplier Hankook Special Gases Co. for a deal in the early 100 billion ...

Korea lags peer nations in robot industry

South Korea’s competitiveness in the robot industry is among the world’s lowest even though the country is one of the largest buyers of ...

Samsung goes green as it eyes clean tech supremacy across supply chain

Samsung Electronics Co., the world’s largest smartphone and memory chipmaker, said on Thursday it is aiming to power its entire operations wit...

POSCO may need months to normalize typhoon-hit steel mill

POSCO, the world’s sixth-largest steelmaker, is expected to need months to resume full operations of its typhoon-hit plant, which makes up a q...

Biden’s move to beef up US bio industry poses threat to Korean firms

President Joe Biden’s plan to support the US biomanufacturing infrastructure aimed at containing China’s clout is posing a threat to Sou...

DB HiTek develops automotive power semiconductor tech

DB HiTek Co., South Korea’s major foundry chipmaker, developed the automotive power semiconductor process technology to meet the increasing de...

Samsung C&T ties up with Korean firms for hydrogen biz

Samsung C&T Corp., the construction and trading arm of Samsung Group, has joined forces for the clean hydrogen businesses with South Korean comp...

South Korean government slashes fund of funds budget by 40% on-year

The South Korean government is facing a backlash from the startup and venture capital sectors after slashing next year’s fund of funds budget....

Korea's Hyundai E&C to build smart green city in Vietnam

Hyundai Engineering & Construction Co. is poised to become the first South Korean company to join Vietnam’s green smart city development p...

Crypto exchange Binance to work with Busan on blockchain

Binance, the world’s largest cryptocurrency exchange by trading volume, announced on Friday it had signed a memorandum of understanding (MOU) ...

Hyundai’s Genesis ranks top in J.D. Power’s innovative tech study

Hyundai Motor Co.'s premium brand Genesis has been recognized by industry analysts for its excellence in innovative technology and consumer experi...

Lotte to support Korean SMEs via exhibitions in Berlin, New York

Lotte Group, South Korea’s fifth-largest conglomerate, is set to boost the global sales channels of some 200 Korean small and medium-sized ent...

Daedong attracts investment from Kakao for smart mobility projects

Daedong Corp., South Korea’s leading tractor and farm machinery maker, has attracted 10 billion won ($7.6 million) from Kakao Mobility Corp. t...

Hyundai Motor to redirect its TaaS, AI functions to self-driving arm 42dot 

Hyundai Motor Group will redirect the core functions of its Transportation-as-a-Service (TaaS) division and AIRS Company to its recently acquired se...

Risks of restructuring rise in Korean platform sector

South Korean platform operators are feeling cornered following rapid expansion during COVID-19 as growing risks of a global economic recession and r...

LG, KT join forces to launch next-generation service robots

South Korea’s leading telecommunications company KT Corp. has partnered with LG Electronics Inc. to develop and launch next-generation custome...

K-bio firms embrace gene therapy CDMO as Samsung looks the other way

South Korea’s major biopharmaceutical companies are rapidly embracing the cell and gene therapy business under a contract drug-making mechanis...

Six major Korean firms tie up with Petronas for carbon biz

South Korea’s six biggest companies joined hands with Malaysia’s state energy firm Petroliam Nasional Berhad (Petronas) for the carbon c...

Chinese game Genshin Impact's summer fest draws large crowds in Seoul

Shanghai-based game developer and publisher miHoYo Co. on Wednesday wrapped up its well-attended week-long Genshin 2022 Summer Festival in Seoul.&nb...

Samsung Elec. plans unmanned factories on manpower shortage

Samsung Electronics Co., the world’s top memory chipmaker, is seeking unmanned factories in a move that other major South Korean manufacturers...

SK Geo Centric, Veolia join forces to lead Asia’s plastic recycling business

SK Geo Centric, an SK Innovation Co. subsidiary focused on the eco-friendly chemical business, joined hands with Paris-based Veolia Environnement S....

S.Korean defense stocks boosted by $7.6 bn deal with Poland

South Korean defense stocks got a boost from a 10 trillion-won ($7.6 billion) export deal with Poland announced last week. Korea Aerospa...

Korean DL E&C to enter SMR biz with Canada’s Terrestrial

South Korea’s construction company DL E&C Co. is set to make inroads into the small modular reactor (SMR) business for future growth ...

South Korea to cut red tape, raise student quota to grow chip talent

South Korea, home to the world’s two largest memory chipmakers, said on Tuesday it will cut administrative red tape and ease the restrictive s...

Korea to raise cash support on foreign investments in key sectors

South Korea plans to spend more cash on attracting foreign investments in high-tech and core supply chain industries as foreign direct investment to...

LG Uplus aims to recycle 100% of industrial waste in 3 years

LG Uplus Corp. announced it will recycle 100% of industrial waste from its plants by 2025.The mobile network arm of LG Corp. published a report titl...

Korea, game developers in tug of war over P2E genre

A battle over play-to-earn (P2E) games in South Korea between the government and the industry has yet to show any signs of abating as the authority ...

Krafton founder: Robotics, deep learning should be S.Korea’s future

Krafton Inc. founder and chairman Chang Byung-gyu is a rare example of a serial entrepreneur in South Korea – a country dominated by family-ow...

NCSOFT publishes second ESG report with a playbook concept

NCSOFT Corp., a leading South Korean game developer, has published its second annual sustainability report using a playbook map concept. The re...