Korea logs surplus in IP trade in H1 on surge of culture, art

Korea logs surplus in IP trade in H1 on surge of culture, art

South Korea posted a surplus in its intellectual property (IP) rights trade in the first half of this year, thanks to profits on culture, art and so...

JW Pharma to conduct Phase 3 trials in Thailand for gout treatment

JW Pharma to conduct Phase 3 trials in Thailand for gout treatment

South Korea's JW Pharmaceutical Corp. on Thursday said it received approval from Thailand's Food and Drug Administration to conduct Phase 3 clinical...

Ex-CEOs return to firms in Korea for operational stability

Ex-CEOs return to firms in Korea for operational stability

Former chief executives of South Korean firms are being recruited by their previous employers as the companies need the seasoned experience of these...

Seoul envisions its own Hudson Yards in the city's east end

Seoul envisions its own Hudson Yards in the city's east end

Seoul, the capital of South Korea for more than six centuries since the Joseon dynasty, is poised to revamp its city planning for the next century w...

S.Korea to change rocket launch permit system to licensing model

S.Korea to change rocket launch permit system to licensing model

South Korea will change its system for sending projectiles into space to a licensing model covering one to five years instead of requiring approva...

Lotte Mall West Lake Hanoi: Litte Korea transplanted in Vietnam

Lotte Mall West Lake Hanoi: Litte Korea transplanted in Vietnam

HANOI – On a late summer day in Vo Chi Cong, Tay Ho district, a colossal commercial complex was packed with people wanting to savor all things...

Broadcom fined $14.3 mn in Korea over Samsung contract

Broadcom fined $14.3 mn in Korea over Samsung contract

Broadcom Inc. a US smartphone components maker, was slapped with a fine of 19.1 billion won ($14.3 million) in South Korea on Thursday for allegedly...

Samsung tops US customer satisfaction in PC sector

Samsung tops US customer satisfaction in PC sector

Samsung Electronics Co. has been rated as the most satisfactory PC brand among US consumers, according to a survey by the American Customer Satisfac...

Japanese steelmakers flood South Korea on back of weaker yen

Japanese steelmakers flood South Korea on back of weaker yen

Japanese steelmakers are expanding their market shares in South Korea, backed by the yen's drop against the Korean won to the lowest in eight years....

KEPCO's new CEO heralds electricity rate hikes, drastic reforms

KEPCO's new CEO heralds electricity rate hikes, drastic reforms

South Korea’s near-monopoly power company Korea Electric Power Corp. (KEPCO) is expected to raise electricity rates and lessen its outsized re...

Hyundai Steel to pull out of stainless steel market

Hyundai Steel to pull out of stainless steel market

Hyundai Steel Co. has decided to close its stainless steel-making plant in Incheon, South Korea, pulling out of the market amid a flood of Chinese-m...

S.Korea's Cosmax wins halal award in Indonesia

S.Korea's Cosmax wins halal award in Indonesia

Cosmax Inc., a South Korean original development manufacturer (ODM) of global cosmetics that also does research and development in the field, has wo...

Kakao Pay’s tie-up with Alipay spurs growth in China

Kakao Pay’s tie-up with Alipay spurs growth in China

BEIJING – Kakao Pay Corp., the mobile payment service unit of South Korean tech giant Kakao Corp., is rapidly growing in China’s fintech...

Korea’s Lotte Shopping aims to double profit, seek new biz

Korea’s Lotte Shopping aims to double profit, seek new biz

Lotte Shopping Co., South Korea’s retail giant, aims to double its profit in three years by expanding its Southeast Asian operations and cemen...

Dongwon founder vows to acquire Korea’s top container line HMM

Dongwon founder vows to acquire Korea’s top container line HMM

Dongwon Group, South Korea’s leading seafood and logistics conglomerate, has vowed to acquire HMM Co., the country’s top container ship ...

US court rules in favor of Korea's nuclear reactor exports

US court rules in favor of Korea's nuclear reactor exports

A US district court on Monday dismissed Westinghouse Electric Corp.’s lawsuit against South Korean state-run companies to block their nuclear ...

LG Energy raises $1 bn in bonds for EV battery production

LG Energy raises $1 bn in bonds for EV battery production

LG Energy Solution Ltd., the world’s second-largest battery manufacturer, said on Tuesday it has raised $1 billion by selling its first global...

Naver Pay to be available at all Alipay merchants in China

Naver Pay to be available at all Alipay merchants in China

Naver Pay, the simple payment service of South Korea's Naver Financial, announced on Tuesday that it will start offering Naver Pay Money and Point Q...

K-food behind Japanese travelers' rush to S.Korea

K-food behind Japanese travelers' rush to S.Korea

South Korea is actively promoting itself as a foodies’ heaven to invite more Japanese tourists who have already contributed the most to the co...

Koreans’ US dollar selling spree continues in anticipation of weaker USD

Koreans’ US dollar selling spree continues in anticipation of weaker USD

US dollar investors in South Korea have not backed down from their shorting position of the currency despite the strengthening dollar against the Ko...

SK Chemicals, Lovere to recycle waste plastic in China

SK Chemicals, Lovere to recycle waste plastic in China

South Korea's SK Chemicals Co. announced on Tuesday that it has signed a memorandum of understanding (MOU) with Lovere, a leading recycling business...

Hyundai eyes Saudi EV plant as Korea bets on Middle East boom

Hyundai eyes Saudi EV plant as Korea bets on Middle East boom

Hyundai Motor Co. is set to build an electric vehicle assembly plant in Saudi Arabia as South Korean companies are increasingly tapping growth oppor...

Alipay’s Ant becomes No.2 shareholder of S. Korea’s Toss Payments

Alipay’s Ant becomes No.2 shareholder of S. Korea’s Toss Payments

Ant Group Co., the operator of China’s biggest mobile payment platform Alipay, has become the second-largest stakeholder of Toss Payments, the...

Netflix, S.Korea’s SK Broadband to settle longstanding legal dispute

Netflix, S.Korea’s SK Broadband to settle longstanding legal dispute

Netflix Inc., the world’s top streaming service, and SK Broadband Co., South Korea’s No. 2 internet service provider, said on Monday tha...

NHN Commerce to expand into Chinese market with Xinxuan

NHN Commerce to expand into Chinese market with Xinxuan

NHN Commerce, South Korea's major online company NHN Corp.'s online shopping platform, announced its strategic business agreement with China's leadi...

Netmarble eyes surplus in H2 with success of new games

Netmarble eyes surplus in H2 with success of new games

South Korean game developer Netmarble Corp. is eyeing profits in the second half as its latest games gain in popularity, after posting deficits for ...

Ready for an AI pastor? Not too distant future in South Korea

Ready for an AI pastor? Not too distant future in South Korea

Some Christians in South Korea are actively embracing the hottest technology of ChatGPT in their spiritual life, sparking controversy over the role ...

Daewoong to develop eye drops for diabetic retinopathy

Daewoong to develop eye drops for diabetic retinopathy

South Korea's Daewoong Pharmaceutical is venturing into the development of a product that can easily treat diabetic retinopathy in the form of ...

HMM embarks on biofuel ship pilot testing on global route

HMM embarks on biofuel ship pilot testing on global route

South Korea has begun a pilot operation of a biofuel-powered container ship on a global route, the government said on Friday. HMM Co.'s container sh...

SK Chairman Chey vows to turn Ulsan into green energy, AI hub

SK Chairman Chey vows to turn Ulsan into green energy, AI hub

Chey Tae-won, chairman of South Korea’s second-largest conglomerate SK Group, has vowed to turn the industrial city of Ulsan, where SK’s...

LG links up with Chinese rivals for budget appliance supremacy Mercedes opens world’s 1st Maybach flagship center in Seoul Blackpink's new single Jump tops Spotify daily chart K-content goes cultural: KPop Demon Hunters sparks heritage K-goods craze POSCO supplies HIC-resistant steel for Aramco’s Fadhili gas plant