S.Korea's K Bank posts highest net profit in 2022

S.Korea's K Bank posts highest net profit in 2022

K Bank, a South Korean Internet-only bank, reported a net profit of 83.6 billion won ($63.6 million) in 2022, which nearly quadrupled compared to th...

S.Korea’s SK Telecom to advance AI tech through partnerships

S.Korea’s SK Telecom to advance AI tech through partnerships

BARCELONA -- SK Telecom Co. plans to develop world-class artificial intelligence technology through partnerships with companies of Korean descent at...

S.Korea's UAM project finalizes list of 46 participating companies

S.Korea's UAM project finalizes list of 46 participating companies

Forty-six companies in South Korea including three in mobile telecommunications are participating in the Korean-style urban air mobility (UAM) demon...

Daewoo E&C, Jeju Air kick off K-UAM Grand Challenge phase 1 project

Daewoo E&C, Jeju Air kick off K-UAM Grand Challenge phase 1 project

Daewoo Engineering & Construction Co. and Jeju Air Co. have teamed up to participate in the Korean urban air mobility (K-UAM) project. The two c...

HYBE not to raise tender offer price for SM Entertainment

HYBE not to raise tender offer price for SM Entertainment

HYBE Co., the label behind the world’s top boyband BTS, said it does not plan to raise its buying price for SM Entertainment Co., denting hope...

LG Uplus to participate in Drone Show Korea

LG Uplus to participate in Drone Show Korea

On Sunday, South Korean mobile telecom carrier LG Uplus Corp. announced that it would host a joint exhibition hall with Kakao Mobility, GS Engineeri...

HK inno.N's GERD drug K-CAB gets approval in Mexico

HK inno.N's GERD drug K-CAB gets approval in Mexico

South Korea's biohealth company HK inno.N said on Tuesday that its gastroesophageal reflux disease (GERD) treatment K-CAB (active ingredient: tegopr...

Olive Young exports K-beauty products to Middle East

Olive Young exports K-beauty products to Middle East

Olive Young, a health and beauty platform, has begun targeting the Middle Eastern cosmetics market.South Korea's CJ Olive Young, which operates Oliv...

Why SM emerged as hot battlefield between HYBE, Kakao

Why SM emerged as hot battlefield between HYBE, Kakao

SM Entertainment Co., a South Korean music label widely credited as the pioneer of K-pop, has emerged as a new battlefield between HYBE Co., the age...

BTS label HYBE seeks takeover of K-pop pioneer SM Entertainment

BTS label HYBE seeks takeover of K-pop pioneer SM Entertainment

HYBE Co., the music label behind K-pop sensation BTS, is poised to acquire a controlling stake in its South Korean rival SM Entertainment Co. with m...

K-pop pioneer SM engulfed in management dispute

K-pop pioneer SM engulfed in management dispute

Kakao Corp., South Korea’s mobile platform giant and operator of the country’s top messenger app Kakao Talk, is set to become the second...

Hyundai Rotem releases data on eco-friendly railway businesses

Hyundai Rotem releases data on eco-friendly railway businesses

Hyundai Rotem, the railway system subsidiary of Hyundai Motor Group, announced on Monday it has published information about its sales and research a...

S.Korea's online K Bank withdraws plan for Kospi listing

S.Korea's online K Bank withdraws plan for Kospi listing

South Korea's K Bank has withdrawn its highly anticipated plan to hold an IPO this year in the judgement of a lower corporate value due to the slugg...

Hyundai Dept. Store introduces AI chatbot service Jellppo

Hyundai Dept. Store introduces AI chatbot service Jellppo

Hyundai Department Store Co. said on Sunday that it would introduce the artificial intelligence (AI) chatbot "Jellppo." Jellppo is an AI-based one-o...

'Extraordinary Attorney Woo' maker to create webtoon-based K-drama series

'Extraordinary Attorney Woo' maker to create webtoon-based K-drama series

KT Skylife Co., a broadcasting unit within South Korean telecom behemoth KT Corp., is slated to boost its investment in intellectual property conten...

LG Elec targets indoor golf market with its ProBeam projector

LG Elec targets indoor golf market with its ProBeam projector

LG Electronics Inc. is targeting the overseas indoor golf market with its premium commercial projector LG ProBeam.The company said on Thursday that ...

K-pop label SM taps activist investor as board member

K-pop label SM taps activist investor as board member

K-pop behemoth SM Entertainment Co. said on Jan. 20 it has decided to tap Lee Chang-hwan, the CEO of local activist fund Align Partners Capital Mana...

HK inno.N's K-CAB to get insurance benefits in China

HK inno.N's K-CAB to get insurance benefits in China

South Korea’s 30th novel medicine K-CAB Tab (active ingredient: tegoprazan), a gastroesophageal reflux disease (GERD) treatment of HK inno.N, ...

Genie's overseas sales of music sources surge with K-pop boom

Genie's overseas sales of music sources surge with K-pop boom

Genie Music Corp., a music content distributor of South Korean telecommunication giant KT Corp., said on Jan. 19 that its overseas sales of music so...

K-pop label SM to increase number of outside directors

K-pop label SM to increase number of outside directors

South Korea’s SM Entertainment Co. will increase the number of outside directors and ban its chief executive from chairing the board as part o...

Aespa's first VR concert unveiles at the US music festival

Aespa's first VR concert unveiles at the US music festival

AmazeVR, a virtual reality (VR) concert production and distribution platform company, said on Friday that "Aespa VR Concert at Kwangya" was official...

K-chicken chain Kyochon signs MOU with Taiwanese food conglomerate

K-chicken chain Kyochon signs MOU with Taiwanese food conglomerate

Kyochon F&B, the company operating Kyochon Chicken, said on Friday that it has signed a memorandum of understanding for a master franchise agree...

HK inno.N gets approval to sell K-CAB in Singapore

HK inno.N gets approval to sell K-CAB in Singapore

South Korean biohealth company HK inno.N said on Wednesday that it has received an item approval for K-CAB, a new drug for gastroesophageal reflux d...

Korean apparel retailer F&F to produce global K-pop stars

Korean apparel retailer F&F to produce global K-pop stars

South Korean outdoor clothing retailer F&F Co. made a foray into the entertainment sector to create a synergy of K-content and fashion, competin...

CJ CheilJedang to expand K-food production facilities overseas

CJ CheilJedang to expand K-food production facilities overseas

South Korean food giant CJ CheilJedang Corp. is slated to increase food manufacturing facilities globally and launch businesses in Australia, Canada...

Korean government to finance $625 million for K-content in 2023

Korean government to finance $625 million for K-content in 2023

South Korean President Yoon Suk-yeol emphasized on Thursday the importance of K-content, saying content will become the most important industry to s...

Caliverse, KT Alpha join hands to add K-pop to metaverse

Caliverse, KT Alpha join hands to add K-pop to metaverse

Caliverse, a subsidiary of Lotte Data Communication, said on Thursday that it has signed an agreement to expand the range of immersive metaverse con...

K-defense sector to reach annual export of $16 bn for two consecutive years

K-defense sector to reach annual export of $16 bn for two consecutive years

The South Korean defense market is forecast to sign export contracts worth more than 20 trillion won (15.7 billion) combined this year on the back o...

K-BBQ brand Mapo Galmaegi signs agreement to get halal certification

K-BBQ brand Mapo Galmaegi signs agreement to get halal certification

South Korean food service enterprise Didim E&F said on Monday that its Korean barbecue brand Mapo Galmaegi signed a business agreement with a Ko...

E-Mart enters Singapore with two corner shops selling K-food

E-Mart enters Singapore with two corner shops selling K-food

South Korea’s largest supermarket chain E-Mart Inc. has become the first Korean company that has launched a convenience store in Singapore.The...

S.Korea names budget veteran as finance minister to prop up economy KKR in control feud over Korea’s top solar power plant 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