Samsung heiress sells $326 mn worth of Samsung Elec shares

Samsung Group heiress and Hotel Shilla Chief Executive Lee Boo-jin sold 441.2 billion won ($325.9 million) worth of Samsung Electronics Co. shares i...

SK Hynix to build advanced packaging plant in Indiana for $3.9 bn

SK Hynix Inc., the world’s leading high bandwidth memory (HBM) chip producer, will plow in $3.87 billion to build advanced packaging and resea...

Blight of failing e-commerce startups in South Korea

Linkshops, once touted as a future unicorn candidate in South Korea, declared bankruptcy last month even after garnering 15.4 billion won ($11.4 mil...

SK Hynix, TEMC develop industry’s first neon gas recycling technology

SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., and its South Korean partner TEMC Co., have jointly ...

Money pours in for technology to reshape Korean restaurants

Investors are betting big on food service technology startups in South Korea as the adoption of self-service systems in the country’s food and...

STX to supply car CKD to Bangladeshi company

STX Corp., a South Korean general trading company, announced on Monday that it signed a memorandum of understanding (MOU) to supply the complete kno...

Hanwha Hotels & Resorts credit rating upgrades to A-

South Korea's Hanwha Hotels & Resorts announced on March 21 that Korea Ratings and Korea Investors Service elevated the company's corporate bond...

Craft beer maker Jeju Beer sells stake to car repair company

South Korea’s leading craft beer maker Jeju Beer Co. has sold a controlling stake owned by its founder and family to a small domestic car main...

Samsung to use recycled neon gas in chip manufacturing

Samsung Electronics Co. will use recycled neon gas in chip production for the first time in the world, a move expected to stabilize the cost and sup...

Hanwha seeks further legal action vs HD Hyundai amid Navy project rivalry

Hanwha Ocean Co., the world’s second-largest shipbuilder, is seeking new legal action against HD Hyundai Heavy Industries Co. over the bigger ...

Korean EV battery makers to unveil tech for industry recharge

South Korea’s three major electric vehicle battery makers are gearing up to invigorate the global green car market with new technologies they ...

HPS, CE-TEK to develop onboard carbon capture system

Hyundai Heavy Industries Power Systems Co. (HPS) will join hands with HD Korea Shipbuilding & Offshore Engineering Co. (KSOE) and CE-TEK Ltd. to...

Kakao Ventures invests in AI optimization startup Omelet

Kakao Ventures Corp. has made an undisclosed amount of seed investment into Omelet, a South Korean early stage startup developing industrial operati...

Kolon Industries, SK Microworks to set up industrial film JV

South Korea’s major chemical materials producer Kolon Industries Inc. will team up with SK Microworks Co. to regain ground in the Chinese film...

Samsung doubles down in HBM race with largest memory

Samsung Electronics Co. has developed the industry’s first 36-gigabyte (GB) 12-layer high-value, high-performance memory chip in a bid to rest...

Kolon Industries upgrades aramid smart factory system

Kolon Industries Inc. has upgraded its smart factory system to ensure its doubled production capacity of super fiber aromatic polyamide fibers (aram...

Hanwha Aerospace, home of Korea’s next-generation space industry

CHANGWON, South Gyeongsang Province – South Korea’s Hanwha Aerospace Co. aims to establish a foothold in the global rocket industry domi...

LG Electronics to develop hotel-exclusive robots

LG Electronics Inc. will develop hospitality robots jointly with South Korea’s luxury hotel chain operator Josun Hotels & Resorts Co. to m...

South Korea’s luxury hotels bask in return of tourists post-pandemic

South Korea’s luxury hotels are enjoying the return of tourists following years of COVID-19 restrictions, which significantly hurt their sales...

LG to use AI for early detection of air conditioner anomalies

LG Electronics Inc. has introduced an artificial intelligence technology for early detection of anomalies in its commercial air conditioning systems...

SK Networks looks to triple operating profit by 2026 with AI

SK Networks Co., a South Korean trading and rental company actively investing in tech firms in recent years, will step up its efforts to transform i...

Shinsegae E&C to sell leisure unit to reduce debt

South Korea’s Shinsegae Engineering & Construction Co. (Shinsegae E&C) announced on Wednesday that it will sell its leisure unit Jos...

Hanwha, Saudi gov't to cooperate in defense industry

Hanwha Aerospace Co. and Hanwha Systems Co. announced on Tuesday that they signed a three-party memorandum of understanding (MOU) for defense cooper...

Samsung’s Lee cleared of charges over Samsung C&T merger

The Seoul Central District Court on Monday acquitted Samsung Electronics Co. Chairman Jay Y. Lee of charges of being involved in illegal activities ...

Korean LPs seek private equity secondaries amid liquidity crunch

Secondary strategy is South Korean institutional investors’ top pick for private equity investments for two straight years, a survey showed. Man...

SGC eTEC, OCIM to co-work for green biz in Malaysia

South Korea’s SGC eTEC E&C Co. said on Thursday that it signed an agreement with OCIM, OCI Holdings Co. 's Malaysian subsidiary, to join...

Korean LPs eye industrial, logistics amid e-commerce growth

Global real estate will be the least-chosen asset class for South Korean institutional investors this year, according to a recent survey. Despite curr...

AliExpress’ zero-commission offer jolts Coupang, Naver

AliExpress, an e-commerce arm of China’s Alibaba Group, has offered Korean companies zero commissions, under which it will not charge a sales ...

S.Korea’s duty-free industry going downhill

The South Korean travel retail industry, once considered the country’s golden goose, is forced to streamline operations given no signs of a dr...

Govenment calls end to Korean financial group heads' long-serving posts

South Korean financial group chiefs will no longer enjoy automatic term extensions as the government is stepping up pressure on the groups to improv...