LS Materials embarks on IPO process to go public in 2023

LS Materials embarks on IPO process to go public in 2023

Global top ultracapacitor player LS Materials Co. is expected to go public in South Korea this year, which would mark the first LS Group company IPO...

Mirae Asset’s global ETFs exceed $100 bn in net asset value

Mirae Asset’s global ETFs exceed $100 bn in net asset value

Mirae Asset Global Investments Co., South Korea’s leading asset manager, said on Tuesday its exchange-traded funds (ETFs) worldwide have surpa...

KT to cooperate with Mongolian gov't on DX techs

KT to cooperate with Mongolian gov't on DX techs

South Korea's telecom service provider KT Corp. disclosed on Monday its plans to collaborate with the Mongolian government to usher in a digital tra...

LG Electronics launches sleep management solution brid.zzz

LG Electronics launches sleep management solution brid.zzz

LG Electronics Inc. on Friday launched a sleep management solution called "brid.zzz" aimed at individuals grappling with stress and insomnia. The na...

Samsung Bioepis enters US market for biosimilars of Humira

Samsung Bioepis enters US market for biosimilars of Humira

South Korea's biopharmaceutical company Samsung Bioepis, which was expected to struggle on the US market for biosimilars of Humira, the world's top-...

Everon attracts $39 mn thanks to hot VC demand for EV charging

Everon attracts $39 mn thanks to hot VC demand for EV charging

Everon, one of South Korea’s top three electric vehicle charging infrastructure and management service providers, raised 50 billion won ($39 m...

Samsung Electro-Mechanics joins global supply chain consortium RBA

Samsung Electro-Mechanics joins global supply chain consortium RBA

Samsung Electro-Mechanics, South Korean electronic components maker, has joined the Responsible Business Alliance (RBA) and Drive+, two global conso...

Hanwha Systems pursues space internet service

Hanwha Systems pursues space internet service

South Korea's Hanwha Systems Co. on Tuesday announced completion of its registration the day before as a facility-based communications operator with...

CJ Logistics revamps itself into tech-based company

CJ Logistics revamps itself into tech-based company

South Korea’s CJ Logistics on Monday said it has revamped its internal organization that it had maintained since its foundation in 1930. ...

Hyundai Engineering to enter EV charging maintenance, service market

Hyundai Engineering to enter EV charging maintenance, service market

South Korea’s Hyundai Engineering Co., the plant engineering and construction unit of Hyundai Motor Group, unveiled its ambitious plans on Mon...

Hyundai Wia completes flying drone interception test

Hyundai Wia completes flying drone interception test

Hyundai Wia Corp., an auto parts and defense unit of Hyundai Motor Group, announced on Thursday that the first shooting trial of its anti-drone syst...

Lunit participates in Saudi's SEHA Virtual Hospital project

Lunit participates in Saudi's SEHA Virtual Hospital project

South Korean medical AI company Lunit announced on Wednesday that it will participate in the "SEHA Virtual Hospital" project, a key initiative of Sa...

S.Korea's Wrtn integrates Google's latest LLM PaLM 2

S.Korea's Wrtn integrates Google's latest LLM PaLM 2

South Korean generative AI startup Wrtn Technologies announced on Tuesday that it has integrated Google's latest PaLM 2 non-English language model i...

LCC Air Premia to be jointly managed by two PE firms

LCC Air Premia to be jointly managed by two PE firms

Air Premia Inc., a South Korean low-cost carrier, will be jointly managed by two Seoul-based private equity firms – JC Partners and AP Holding...

NPS taps Macquarie, IMM, Hahn & Co. as private equity managers

NPS taps Macquarie, IMM, Hahn & Co. as private equity managers

The National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, said on Friday it has hired Macquarie Asset Managem...

LG sees $76 bn in 2023 vehicle system order backlog

LG sees $76 bn in 2023 vehicle system order backlog

The automotive electronics business is emerging as a new cash cow for South Korea’s LG Electronics Inc., a household name in the home applianc...

LG CNS develops AI coding solution based on ChatGPT

LG CNS develops AI coding solution based on ChatGPT

LG CNS, the information technology service arm of LG Group, announced on Wednesday that it has developed an artificial intelligence (AI)-based code ...

Hyundai Motor, Kia surpass 10mn global connected car subscribers

Hyundai Motor, Kia surpass 10mn global connected car subscribers

Hyundai Motor Group announced on Monday that the global number of subscribers to the connected car services of Hyundai Motor Co. and Kia Corp, first...

Kakao Healthcare ties up with Dexcom for global diabetes biz

Kakao Healthcare ties up with Dexcom for global diabetes biz

South Korea’s Kakao Healthcare Corp. has taken a step forward to expand its business into the global market by collaborating with US medical d...

Hanwha Systems, Leonardo collaborate on developing AESA radar

Hanwha Systems, Leonardo collaborate on developing AESA radar

Hanwha Systems Co., a South Korean defense contractor, has joined forces with Leonardo SpA, a leading European defense company, to jointly develop a...

3rd-gen. corporate succession in S.Korea slashes stake from 100% to 16%

3rd-gen. corporate succession in S.Korea slashes stake from 100% to 16%

South Korea's business sector is urging reform of the domestic inheritance tax system to alleviate problems in corporate succession, citing difficul...

Lotte considering opening In-N-Out Burger stores in S.Korea

Lotte considering opening In-N-Out Burger stores in S.Korea

One of US' leading burger brands, In-N-Out, is considering entering the South Korean market. After recently opening a pop-up store in Seoul, the bur...

Hanwha Systems joins C-130H airplane modification project

Hanwha Systems joins C-130H airplane modification project

Hanwha Systems Co. announced on Monday that it has been awarded a second contract by the Defense Acquisition Program Administration for the South Ko...

Korea’s GS E&C holds first global HR conference in Mumbai

Korea’s GS E&C holds first global HR conference in Mumbai

GS Engineering & Construction Co. announced on Friday that it recently held the “1st Global HR Leaders Conference” attended by chief...

KT's dietary management solution passes AI quality test

KT's dietary management solution passes AI quality test

A South Korean artificial intelligence (AI) solution that analyzes and presents information on the type and nutritional content of food after a us...

LG Uplus, Hyundai Elevator to launch AI-based management service

LG Uplus, Hyundai Elevator to launch AI-based management service

LG Uplus Corp. on Monday said it released Miri View, an artificial intelligence (AI)-based elevator passenger safety system developed with Hyundai E...

Hyundai Mobis exceeds $770 bn in R&D investment in 2023

Hyundai Mobis exceeds $770 bn in R&D investment in 2023

South Korea's car parts maker Hyundai Mobis is turning into a software-oriented mobility company by investing over 1 trillion won ($772.3 million)...

Hanwha Q Cells sweeps global solar energy industry awards

Hanwha Q Cells sweeps global solar energy industry awards

Hanwha Q Cells Co.'s winning of major global solar energy industry prizes is expected to help the unit of South Korean Hanwha Solutions Corp. cement...

Polestar 3 to light up roads with headlamps of LG’s ZKW

Polestar 3 to light up roads with headlamps of LG’s ZKW

The Polestar 3, an all-electric mid-sized sport utility vehicle, will be equipped with high-definition light-emitting diode (HD LED) headlights deve...

S.Korea to ease regulations for foreign investor in domestic market

S.Korea to ease regulations for foreign investor in domestic market

South Korea is set to raise the annual cap for individuals' overseas fund transfers without prior notice from $50,000 to $100,000, thereby easing th...

Hanwha Systems to compete with LIG Nex1 for Korean version of Iron Dome NH, KB Securities, Kookmin Bank, Kim & Chang lead capital markets in H1 From G-Dragon to Ibuki: Dongmyo emerges as global fashion hotspot Hyundai helps Korean economy most with $265 bn contribution South Korea issues €1.4 billion in largest-ever euro bond sale