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...
Hanwha Aerospace, General Atomics to build unmanned aerial vehicles
Hanwha Aerospace Co., a leading South Korean defense company, has joined forces with US-based General Atomics Aeronautical Systems Inc. (GA-ASI) to ...
Korea’s KG Mobility teams up with Chery to develop mid to large SUVs
KG Mobility Corp., a South Korean automaker specializing in sport utility vehicles, said on Wednesday it joined hands with China’s fourth-larg...
Hyundai, GM near to unveiling EV, pickup truck sharing plan
Hyundai Motor Co. and General Motors Co. are expected to soon announce a vehicle-sharing deal about six months after they signed an agreement for th...
LG Energy, Doosan Bobcat tie up for construction equipment battery packs
LG Energy Solution Ltd., the world’s third-largest battery maker, and Doosan Bobcat Inc., a global construction machinery producer, said on We...
South Korean VCs back US humanoid robot developer Apptronik
South Korean venture capital firms invested undisclosed tens of billions of won, equivalent to tens of millions of dollars, in US humanoid-developin...
LG Group units step up joint marketing for in-vehicle electronics
Chief executives of LG Group’s key units, including LG Electronics Inc., will visit the headquarters of global carmakers for a series of close...
Krafton invests in 10 overseas game startups in 2024
Krafton Inc. invested in 10 overseas game developers in 2024 in search of the next big franchise intellectual property (IP) following its mega-hit t...
LX Pantos acquires logistics center near Atlanta for $120 mn
LX Pantos Co., a logistics arm of LX International Corp., announced on Tuesday it has acquired a logistics center near Atlanta in Dalton, Georgia fo...
Hanwha develops cutting-edge stealth paint for next-generation warships
Hanwha Ocean Co., a leading South Korean warship builder, has developed and tested an advanced stealth paint designed for the country’s KDDX n...
HD Hyundai to invest $206 mn to develop SMR ship
HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), an intermediary shipbuilding holding company of HD Hyundai Co., will invest up to 30...
Hyundai, Avride join hands to develop autonomous robotaxis
Hyundai Motor Co. has agreed to partner with Avride, an autonomous driving technology startup, to develop driverless robotaxis based on all-electric...
Chong Kun Dang to build new plant for foray into biologics market
Chong Kun Dang Pharmaceutical Corp. is discussing building a research center and a plant in Siheung, about 30 kilometers southwest of Seoul, with th...
HD Hyundai, Hanwha Ocean to jointly bid for high-stakes warship deals
South Korea’s two warship builders – HD Hyundai Heavy Industries Co. and Hanwha Ocean Co. – have agreed to join forces to pur...
