Hyundai's self-sailing ship set for maiden cross-Pacific voyage
A liquefied natural gas (LNG) carrier with autonomous sailing systems will embark on an ocean voyage next month to become the world's first large au...
LG Energy to spend more on battery capacity expansion
LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, plans to spend more on global capacity expansion than init...
SK Hynix posts record Q1 sales buoyed by Solidigm, may build another fab
SK Hynix Inc., the world’s second-largest memory chipmaker, said on Wednesday it is considering building another chip fabrication line after p...
SK Ecoplant to build largest commercial data center in Korea
South Korea’s SK Ecoplant Co., formerly known as SK Engineering & Construction Co., is slated to develop the largest commercial data cen...
S.Korean boiler manufacturers turn to overseas markets
Kyungdong Navien Co. revealed on Sunday that overseas sales account for more than 60% of its total sales on the back of strong exports to the United...
CJ integrates AI infrastructure and data to launch CJ AI center
CJ Corp. launched an artificial intelligence center Wednesday, which it hopes will lead the conglomerate's digital innovation. The new CJ AI Cente...
SK’s gas unit to sell production facility for $809 mn
South Korean conglomerate SK Group’s industrial gas-making unit is set to sell a local production facility for about 1 trillion won ($809 mill...
Korean refiners: Lubricating the future of electric vehicles
With the rise of electric vehicles globally, South Korea’s major oil refiners are jockeying to become leading suppliers of lubricants and cool...
IONIQ 5 emerges as EV game changer with industry accolades
NEW YORK – Hyundai Motor Co.'s all-electric IONIQ 5 crossover has been named the World Car of the Year following a series of recent indus...
Kakao Entertainment sets up content ecosystem with M&As
Kakao Entertainment Corp., a unit of South Korea’s top mobile messenger app operator, has established its own content ecosystem including crea...
Hyundai’s Chung named auto industry Visionary of the Year
Hyundai Motor Group Chairman Chung Euisun was named the automobile industry's Visionary of the Year by Newsweek, which credited him for driving tran...
Netmarble, NCSoft, Kakao, DoubleUGames on top publisher list
South Korea’s major tech companies such as Netmarble Corp., NCSoft Corp., Kakao Corp. and DoubleUGames were selected among the world’s m...
Hanwha Solutions CEO meets with US blockchain VCs
President and co-CEO of Hanwha Solutions Corp. Kim Dong-kwan met with heads of major blockchain venture capital firms while visiting the United Stat...
Dongwon Industries becomes new holding firm of seafood conglomerate
Dongwon Group, South Korea’s leading seafood and logistics conglomerate, will undergo corporate restructuring with Dongwon Industries Co. emer...
Startups need to embrace ESG, industry insiders say
Environmental initiatives such as RE100 and high Environmental, Social, and Governance (ESG) standards are not just for conglomerates anymore, accor...
SK Hynix, Solidigm unveil SSD for data centers
South Korea's SK Hynix Inc., the world’s top-tier semiconductor manufacturer, unveiled its new solid-state drive (SSD) for data centers on A...
Samsung to work with Western Digital on next-gen storage technology
Samsung Electronics Co. and Western Digital Technologies Inc. announced Wednesday the two parties signed a memorandum of understanding (MOU) to coll...
HMM shares weighed by overhang concerns despite soaring profit
South Korea’s largest container line HMM Co. has seen its shares trapped in a boxed range over the past few months despite its spectacular ear...
Star-studded vision AI startup SNUAI requires less data and time
“The first joint venture with the Seoul National University seal of approval” is how artificial intelligence startup SNUAI Lab Co. des...
AI startup Twelve Labs secures $5 million in seed round
South Korean startup Twelve Labs announced Sunday it secured $5 million in a seed round from Index Ventures.On its website, the venture capital firm...
Service robot maker Bear Robotics raises $81 mn in Series B
South Korea’s robotics startup Bear Robotics Inc. announced Wednesday it raised $81 million in Series B funding from venture capital heavywe...
Data centers in European core cities are promising, Principal head says
Critical data center hubs have emerged in European major cities with dramatic growth in data consumption, and the facilities are rising as promising...
Nine out of 10 VC heads in S.Korea say startups overvalued: Survey
Heads of South Korea’s leading venture capital firms say domestic startups have entered a phase of overvaluation. The Korea Economic Dail...
Korea automakers fret over Yoon’s policy on combustion engine cars
South Korea’s automakers were on high alert as President-elect Yoon Suk-yeol pledged to ban new registrations of internal combustion engine ca...
Pearl Abyss releases mobile game Black Desert in China in April
South Korean game developer and publisher Pearl Abyss set a China release date of April 27 for its cross-platform MMORPG Black Desert on the App Sto...
Korea Inc. in dilemma over Russia biz amid Ukraine war
South Korea’s major companies are in a sticky situation over their businesses in Russia following its invasion of Ukraine. Governments in the ...
Actis names Scott Choi as its first Korean partner
Private equity firm Actis LLP has promoted its Seoul office Chief Executive Scott Choi as a partner, the company said on March 7. Choi is the first ...
Korean inflation fears grow amid Ukraine crisis
Fears are growing over accelerating inflation in South Korea as Russia’s invasion of Ukraine boosted energy and raw materials prices. The cris...
Hyundai IONIQ 5, Kia EV6 rated top among electric cars in Germany
Hyundai Motor Co.'s IONIQ 5 and Kia Corp.'s EV6 have been recognized as the most competitive electric sport utility vehicles by Auto Zeitung, a high...
Samsung, LG dominate global TV market with premium models
South Korea’s two home appliances giants – Samsung Electronics Co. and LG Electronics Inc. – dominated the global TV markets last ...
