ViGenCell, NK/T cell lymphoma treatment ‘VT-EBV-N’ designated as orphan drug in Europe

ViGenCell, a company specializing in immune cell therapy, announced on the 19th that its NK/T cell lymphoma treatment "VT-EBV-N" has been designated...

HD Hyundai Construction, Infracore to use integrated machinery platform

HD Hyundai Co., a South Korean shipbuilding and machinery conglomerate, is building an integrated equipment manufacturing platform for its two const...

Korean game developers expedite global conquest

South Korea’s major game developers NCSOFT Corp., Nexon Co. and Netmarble Corp. plan to roll out new games for overseas players next year in a...

Gov Rhee Chang-yong turning BOK into dynamic central bank

Bank of Korea (BOK) Governor Rhee Chang-yong has transformed the central bank into a dynamic monetary authority by cooperating with not only oversea...

Anushka Sen, global celebs to ring in New Year in Seoul

Thousands of global celebrity infuencers, including Indian TV actress and model Anushka Sen, are set to ring in the New Year at a content festival i...

Campbell Lutyens taps ex-KIC PE chief as Korea head

Campbell Lutyens & Co. Ltd., a UK private equity advisory firm, has tapped sovereign wealth fund Korea Investment Corporation (KIC) former PE he...

POSCO named world's most competitive steelmaker

South Korea's POSCO was ranked number one as the world’s most competitive steelmakers for 14 straight years by the global steel analytics Worl...

CJ CheilJedang to launch Excycle Basak Chip in global market

South Korean food company CJ CheilJedang Corp. announced on Thursday that it introduced its Excycle Basak Chip, a snack born from their in-house ven...

Shinsegae Gangnam stands out among department stores with $2.3 bn sales

Shinsegae Department Store, South Korea’s leading retail business operator, said on Thursday its flagship store in Gangnam, an upscale distric...

DL E&C’s 1915 Çanakkale Bridge named Project of the Year

South Korea’s DL E&C Co. announced on Wednesday that 1915 Çanakkale Bridge in Türkiye, completed by the company, received th...

Yen deposits at Korean banks surge to record $9.9 bn

Yen deposits at South Korean banks grew by the largest-ever monthly amount in November to a record $9.92 billion, central bank data show, as investo...

Netmarble's Marblex listed on Bitget

Marblex, a blockchain subsidiary of South Korean game developer Netmarble Corp., announced on Tuesday that it has listed its MBX token on the global...

SK Telecom, Thales jointly strengthen 5G security

South Korea's SK Telecom Co. announced on Tuesday that it collaborated with global data security company Thales for 5G security.According to the com...

Poultry processor Harim to buy Korean top sea carrier HMM for $5 bn

South Korea’s leading poultry processor Harim Group is set to acquire the country’s No. 1 sea flag carrier HMM Co. for about 6.4 trillio...

Samyang buys specialty chemical maker Verdant for $257 mn

Samyang Specialty Solutions LLC, a leading chemical and food products maker in South Korea, has entered into an agreement to wholly acquire Texas-ba...

New Samsung, LG laptops drive industry shift toward on-device AI

Samsung Electronics Co. and LG Electronics Inc. are unveiling new artificial intelligence-powered laptops next month, joining an industry move to in...

Naver Webtoon to enhance global biz with new exec for US IPO

Naver Webtoon Ltd., the world’s top digital comics provider, aims to ramp up its global business with the appointment of a new executive ahead...

Line Next attracts $140 mn to globally expand NFT platform

Line Next Corp., a digital asset affiliate of South Korean online portal giant Naver Corp., has attracted $140 million in a funding round led by Cre...

HYBE ranks fifth in global tour revenue in 2023

The global tour revenue of HYBE Co., home to BTS and Seventeen, reached 250 billion won ($190 million) over the year.According to Hybe on Tuesday, t...

Mirae Asset acquires Indian brokerage firm Sharekhan for $360 million

South Korea’s leading asset manager Mirae Asset Financial Group has acquired Sharekhan Ltd., India’s 10th-largest brokerage firm, to enh...

S.Korea’s GC Cell targets global cell therapy CDMO business

GC Cell Corp., an affiliate of South Korea’s major pharmaceutical company GC Biopharma Corp., is targeting the cell therapy contract developme...

LegoChem Bio mulls name change after defeat to Lego

South Korean biopharmaceutical company LegoChem Biosciences Inc. is seeking to change its name after it lost in a trademark infringement lawsuit fil...

New 2024 E-Class soon to arrive in Korea, land of Mercedes-Benz

As with the launch of every new E-Class, the flagship model of luxury German car brand Mercedes-Benz, the phrase “evolution, not revolution&rd...

LG Elec joins governing body of SOAFEE

LG Electronics Inc. announced on Thursday that it became the ninth member of the governing body of the Scalable Open Architecture for Embedded Edge ...

Lotte Group’s 3rd-generation son comes to the fore

Shin Yoo-yeol, the eldest son of Lotte Group Chairman Shin Dong-Bin, was promoted to lead the group’s new division to be launched within its h...

Korean banks enjoy robust earnings in Asian emerging markets

Four major banks in South Korea are enjoying healthy earnings from overseas businesses, particularly in Asian emerging markets.KEB Hana Bank posted ...

Global NAND chip sales up in Q3 amid Samsung output cut

Global sales of NAND flash chips slightly grew in the third quarter as industry leaders such as Samsung Electronics Co. cut output, a report showed ...

Hyundai Mobis builds new electrification research center

South Korea’s Hyundai Mobis announced on Tuesday that it opened the Electrification Research Center in Euiwang, Gyeonggi Province, South Korea...

S.Korea, Japan seal 3-year $10 bn currency swap deal

South Korea and Japan on Friday revived their bilateral currency swap line to boost their dollar liquidity amid improved diplomatic relations.The tw...

BOK chief says rates need to stay high for over 6 months

South Korea’s central bank chief on Thursday said interest rates will have to stay high for more than six months, leaving the door open for an...