S.Korea-US summit yields no joint statement amid split on auto tariffs, MFN status
WASHINGTON D.C. – South Korean President Lee Jae Myung’s first bilateral meeting with US counterpart Donald Trump ended in a cordial atm...
KHNP in joint venture talks with Westinghouse to target US nuclear market
South Korea's state-run Korea Hydro & Nuclear Power Co. (KHNP) is in talks with Westinghouse Electric Co. to form a joint venture (JV) with an a...
UK’s TeraView wins preliminary nod for South Korea listing
TeraView Ltd., a British developer of terahertz imaging inspection systems, has received preliminary approval to list in South Korea, moving a step ...
CJ ENM, Hakuhodo launch music venture to tap global fans
CJ ENM Co., South Korea’s largest entertainment company, has formed a music joint venture with Hakuhodo Inc., a more than century-old Japanese...
AWS, Upstage deepen ties in AI drive across Asia-Pacific, US
Amazon Web Services (AWS) has reinforced its partnership with South Korean artificial intelligence startup Upstage, backing the company with a minor...
South Korea, Vietnam to nearly double bilateral trade to $150 billion by 2030
South Korea and Vietnam agreed Monday in Seoul to boost bilateral trade to $150 billion over the next five years, nearly double current levels, by e...
Aussie developer The Living Company targets Korean residential market
The Living Company, a leading Australian housing developer, on Thursday opened an office in Seoul to target South Korea’s residential market. ...
Hyundai, GM to co-develop five brand new vehicles, seek joint sourcing
Hyundai Motor Co. and General Motors Co. will jointly develop five brand new vehicles and source materials and car components, the two companies sai...
Seoul downtown office glut fears overblown: Savills Korea CEO
The prime office market in core business districts in Seoul is expected to remain strong, said Savills Korea chief, citing limited new supply and th...
LIG Nex1 edges out Hanwha to lead S.Korea’s ‘Iron Dome’ project
South Korea’s LIG Nex1 Co. will lead development of the country’s next-generation missile defense system, beating out longtime rival Han...
HD Hyundai, ECO launch US shipbuilding project
HD Hyundai Co., South Korea's largest shipbuilding group, has kicked off a joint shipmaking project with US partner Edison Chouest Offshore (ECO), a...
Celltrion eyes record high sales in 2025, fueled by high-margin biosimilars
Celltrion Inc., South Korea’s leading biosimilar drug developer, is poised to reap nearly 5 trillion won ($3.6 billion) in revenue this year a...
Hanwha seeks to buy Paraspara Seoul from developer tied to Banyan Tree Busan fire
Hanwha Hotels & Resorts Co. is in talks to acquire Paraspara Seoul, a five-star hotel and resort, up for sale by a property developer facing lia...
LG links up with Chinese rivals for budget appliance supremacy
LG Electronics Inc. has turned its rivals into allies in an unlikely pact to win the budget appliance war and ward off Chinese competitors rapidly e...
HD Hyundai, India’s Cochin Shipyard to pursue joint shipbuilding orders
HD Hyundai Co., the world’s largest shipbuilding group based in South Korea, has signed a memorandum of understanding with India’s large...
Allianz-backed Koh Young’s brain surgery robot set for US debut by end-August
Koh Young Technology Inc., a South Korean developer of 3D optical inspection devices used in electronics manufacturing, is set to install its brain ...
S.Korean game developer Krafton acquires Japan’s ADK for $517 million
Krafton Inc., a major South Korean game publisher, has acquired Japan's leading advertising and animation group ADK for 75 billion yen ($517 million...
LS Electric poised to join Nvidia's supply chain via Vertiv deal
LS Electric Co., a South Korean industrial system supplier, is poised to deliver a large volume of power control equipment, including switchgears an...
Mirae Asset debuts AI-recommended ETF on NYSE to invest in US bonds
Mirae Asset Financial Group, one of the largest asset managers in South Korea, has launched its first exchange-traded fund (ETF) investing in high-q...
Seoul agrees to reduce Jakarta’s KF-21 cost share by two thirds
South Korea has finally agreed to reduce Indonesia’s contribution to their joint KF-21 fighter jet development project by two thirds to 600 bi...
Hanjin KAL, LS expand defense business alliance to counter Hoban Group
South Korea’s Hanjin Group and LS Group are tightening their alliance further against Hoban Group, which is raising its stake in Hanjin.Korean...
Hanwha Ocean to team up with Polish shipyards for Navy project bid
Hanwha Ocean Co. is ramping up efforts to win Poland's highly competitive next-generation submarine project, worth around 3 trillion won ($2.2 billi...
LG CNS, Cohere co-develop Korean-specific agentic AI
LG CNS Co., the information technology services arm of South Korea’s LG Group, has unveiled a lightweight Korean-specific large language model...
Samsung Biologics to spin off biosimilar unit Samsung Bioepis
Samsung Biologics Co., the world’s largest contract drugmaker, will undergo a strategic split to separate its contract development and manufac...
South Korea’s Rznomics inks $1.3 bn out-licensing deal with Eli Lilly
Rznomics Inc., a South Korean RNA therapeutics developer, has signed an agreement worth more than $1.3 billion with US pharmaceutical giant Eli Lill...
LG Innotek, Boston Dynamics team up to develop Atlas eyes
LG Innotek Co., a leading South Korean electronics parts maker, will jointly develop new vision sensing systems with Boston Dynamics Inc., a major g...
KakaoBank posts record Q1 profit, eyes Thai expansion after Indonesia
KakaoBank Corp., a leading South Korean internet-only bank, posted its highest quarterly profit in the first quarter, defying a drop in interest inc...
Seoul mulls joint review of Alaska LNG project with Japan, Taiwan, Vietnam
South Korea has proposed forming a consortium with Japan, Taiwan and Vietnam to jointly assess the feasibility of investing in the $45 billion Alask...
Samsung SDI, Hanwha Ocean to usher in battery-driven submarine era
Hanwha Ocean Co. and Samsung SDI Co. will start evaluating their jointly developed lithium-ion battery system for a submarine with South Korea&rsquo...
S.Korean gaming giant Netmarble eyes headquarters building sale
Netmarble Corp., a leading South Korean gaming company, is seeking to sell its headquarters building in Seoul, which could fetch up to 800 billion w...
