S.Korea’s KT to innovate media, content businesses with AI

S.Korea’s KT to innovate media, content businesses with AI

South Korea’s telecom giant KT Corp. is set to innovate its media and content businesses with artificial intelligence as it seeks new growth d...

Etech System attracts $130 mn investment

Etech System attracts $130 mn investment

South Korea's integrated IT solution consulting company Etech System attracted an investment of 180 billion won ($130 million) from private equity f...

Korea’s booming medical tourism: Skin care, plastic surgery in demand

Korea’s booming medical tourism: Skin care, plastic surgery in demand

The number of foreign patients visiting South Korea for medical tourism hit a record high last year, driven by those who traveled to Korea for skin ...

Malaysia, OCI’s base set to beat Chinese polysilicon rivals

Malaysia, OCI’s base set to beat Chinese polysilicon rivals

SARAWAK, Malaysia – OCI Group, South Korea’s leading chemical and green energy conglomerate, is expanding its polysilicon facility in Ma...

Shinsegae faces off with Affinity, BRV over SSG.COM

Shinsegae faces off with Affinity, BRV over SSG.COM

Shinsegae Group could face a legal battle against two private equity firms that are demanding it buy back their combined 1 trillion won ($727 millio...

NPS to commit $1.1 billion to external managers in 2024

NPS to commit $1.1 billion to external managers in 2024

South Korea’s National Pension Service (NPS) will select domestic general partners (GPs) to manage about 1.5 trillion won ($1.1 billion) worth...

HD Hyundai Marine IPO sees strong demand from retail investors

HD Hyundai Marine IPO sees strong demand from retail investors

South Korea’s HD Hyundai Marine Solution Co. has attracted billions of dollars from retail investors in subscription deposits for the ship mai...

Navigating choppy waters: Dollar-won FX forecasting  

Navigating choppy waters: Dollar-won FX forecasting  

Late last year, when the Korean won traded at 1,288 per dollar, most market analysts and economists predicted that the Korean currency would regai...

Genesis unveils GV70 facelift ahead of Korean debut in May

Genesis unveils GV70 facelift ahead of Korean debut in May

Hyundai Motor Co.'s premium brand Genesis on Friday unveiled the GV70 facelift as the leading South Korean automaker plans to launch the luxury mids...

Daedong completes S.Korea's largest rooftop solar power plant

Daedong completes S.Korea's largest rooftop solar power plant

South Korea's Daedong Mobility announced on Friday that it has completed the construction of the largest rooftop solar power plant in the country at...

S.Korea's Andar strengthens tech alliance with LYCRA Company

S.Korea's Andar strengthens tech alliance with LYCRA Company

The athletic-leisure brand Andar Co. announced on Friday that it will strengthen its technological alliance with the LYCRA Company, the world's larg...

HMM enhances maritime safety with AI technology

HMM enhances maritime safety with AI technology

HMM Co., South Korea’s leading sea carrier, announced on Friday its adoption of an advanced AI image analysis solution 'Deep Eyes', aimed at b...

Korea’s Lotte sells Lotte Glory Properties Shenyang amid US-China dispute

Korea’s Lotte sells Lotte Glory Properties Shenyang amid US-China dispute

South Korea’s retail giant Lotte Group has signed a deal to sell a theme park project in Shenyang, China – its latest move to pull out o...

Korea builds system to speed up naked short-selling ban

Korea builds system to speed up naked short-selling ban

South Korea’s top financial regulator is set to build a centralized digital system to strengthen the prevention of naked short-selling as the ...

Hanwha Aerospace, Poland sign $1.6 billion Chunmoo rocket launcher deal

Hanwha Aerospace, Poland sign $1.6 billion Chunmoo rocket launcher deal

Hanwha Aerospace Co., a leading South Korean defense company, on Thursday signed a $1.64 billion deal to supply 72 units of Chunmoo multiple launch ...

Machine tool maker DN Solutions kicks off IPO process

Machine tool maker DN Solutions kicks off IPO process

DN Solutions Co., the world’s third-largest machine tool maker, has kicked off the process of going public on the Korea Exchange, in an initia...

Hyundai Glovis expects better 2024 after beating market in Q1

Hyundai Glovis expects better 2024 after beating market in Q1

Hyundai Glovis Co. expects an improvement in earnings this year from last year after reporting better-than-expected sales and operating profit in th...

SK Hynix, latest chipmaker to emerge victorious with record Q1 sales

SK Hynix, latest chipmaker to emerge victorious with record Q1 sales

SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., said on Thursday it has swung to a profit in the fir...

SK Hynix to invest $14.6 bn to build HBM plant in S.Korea

SK Hynix to invest $14.6 bn to build HBM plant in S.Korea

SK Hynix Inc. will spend 20 trillion won ($14.6 billion) to build a new memory chip manufacturing plant on a site originally designated to build a N...

Bet on innovations with societal impact: Kakao Ventures CEO

Bet on innovations with societal impact: Kakao Ventures CEO

In the past 10 years, Kim Ki-jun has been on the hunt for deep technology startups that will have a significant societal impact, and he will continu...

Hanwha Life to buy stake in Indonesia's Lippo-owned bank

Hanwha Life to buy stake in Indonesia's Lippo-owned bank

South Korea’s second-largest insurer Hanwha Life Insurance Co., with 109 trillion won ($79.4 billion) in total assets as of end-September 2023...

S.Korea taps ex-NASA exec John Lee as space agency R&D head

S.Korea taps ex-NASA exec John Lee as space agency R&D head

South Korea named John Lee, a former senior executive of the US National Aeronautics and Space Administration (NASA), as the head of missions such a...

N.Korean hackers attack South’s arms makers for tech data

N.Korean hackers attack South’s arms makers for tech data

North Korean hackers allegedly attacked South Korean arms manufacturers and stole technical data from them over more than a year Seoul’s polic...

Korea's Lotte Insurance put on market for around $1.5 bn

Korea's Lotte Insurance put on market for around $1.5 bn

Lotte Group’s non-life insurance affiliate Lotte Insurance Co., has been put up for sale at around 2 trillion won ($1.5 billion), according to...

S.Korea’s IBK, Japan’s Mizuho Bank agree on $218-million committed line

S.Korea’s IBK, Japan’s Mizuho Bank agree on $218-million committed line

South Korea’s state-run Industrial Bank of Korea (IBK) has agreed on a 300 billion won ($218 million) committed credit line with Japanese lead...

OCI to invest up to $1.5 bn in Malaysia’s polysilicon plant

OCI to invest up to $1.5 bn in Malaysia’s polysilicon plant

KUALA LUMPUR -- OCI Holdings Co., South Korea’s leading chemical and green energy company, plans to invest up to 2 trillion won ($1.5 billion)...

Alibaba eyes 1st investment in Korean e-commerce platform

Alibaba eyes 1st investment in Korean e-commerce platform

China's Alibaba Group Holding Ltd. is likely to make its first investment in a South Korean online shopping platform as it aims to gain a competitiv...

Blackstone signs over $1 bn deal with MBK for 1st exit in Korea

Blackstone signs over $1 bn deal with MBK for 1st exit in Korea

Private equity giant Blackstone Inc. is set to mark its first exit from South Korea by selling a 71.25% stake in the holding firm of Geo-Young Corp....

Korea’s Smilegate unveils new RPG Chaos Zero Nightmare

Korea’s Smilegate unveils new RPG Chaos Zero Nightmare

Smilegate, the South Korean developer of the world’s top first-person shooter game Crossfire, on Monday unveiled a teaser for an upcoming role...

Korea's LX opens Hungary terminal for Europe EV, battery logistics

Korea's LX opens Hungary terminal for Europe EV, battery logistics

LX Pantos, one of the top logistics firms in South Korea, has launched a railway terminal in Hungary for the electric vehicle and battery logistics ...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race