Korea Inc.’s dividend repatriation soars on new tax breaks

Major companies in South Korea, such as affiliates of Samsung, LG and Hyundai Motor Group, are bringing larger amounts of capital back home from abr...

Japanese furniture brand Nitori to open first store in Korea

Nitori Co., dubbed Japan's IKEA, is slated to open its first store in South Korea next week, accelerating its Asia-centered expansion push, while su...

Trafigura to invest in S.Korea’s EV cell materials maker

Trafigura, a major global commodity trader, is set to invest in a South Korean electric vehicle battery raw materials manufacturer to take advantage...

Samsung Med. Center achieves Korea's first uterine transplantation

The first successful case of uterine transplantation surgery in Korea has been reported, with the patient currently preparing for pregnancy. Samsung...

S.Korea turns more upbeat about economic recovery

South Korea is more hopeful about a gradual recovery in the economy, driven largely by revived global demand for its mainstay export semiconductors,...

Thematic ETFs in Korea betting on India’s growth boom

South Korean asset managers stand hand in hand with their global peers in betting on India’s bright growth outlook by rolling out India-themed...

Naver-invested Bering Lab tops at Huawei startup contest

South Korea’s artificial intelligence (AI) legal technology startup Bering Lab, with investment from Naver D2 Startup Factory (D2SF), receiv...

Samsung Asset launches 1st Korea-listed ETF in US

Samsung Asset Management Co., South Korea’s largest exchange-traded fund (ETF) manager, has launched an ETF in the US, the first of its kind t...

LG Chem, SNU to jointly develop next-generation material

South Korea's LG Chem Ltd. partnered with Seoul National University (SNU) to develop next-generation material technologies, including pivotal materi...

AI to replace high-paid, highly educated doctors, CPAs: BOK

Artificial intelligence poses the biggest threat to high-paid, highly educated professionals such as medical doctors, accountants and engineering te...

S.Korea's FNS Value to enter Malaysian fintech market

South Korea's FNS Value announced on Thursday a collaboration agreement with the Malaysian big data technology company Big Dataworks. The two compan...

Nvidia challenger Sapeon unveils new AI chip for data centers

Sapeon Inc., a semiconductor startup backed by South Korea’s second-largest conglomerate SK Group, on Thursday unveiled a new artificial intel...

LG Elec to venture into US EV charger market in 2024

South Korea’s LG Electronics Inc. is readying to enter the US electric vehicle charger market with the launch of EV chargers in the first half...

South Korea’s SK Earthon discovers crude oil offshore Vietnam

SK Earthon Co., the petroleum exploration and production (E&P) unit of South Korea’s top energy company SK Innovation Co., said on Thursda...

SK On, BASF tie up for EV battery materials business

SK On Co., the world’s fifth-largest electric vehicle battery maker, and BASF SE, a major global cell materials producer, joined forces for th...

LG, POSCO team up for unmanned robot’s facility management

LG Electronics Inc. announced on Wednesday it conducted a demonstration project for unmanned facility management using an artificial intelligence (A...

Upstage to develop math-specific LLM with Qanda

South Korean artificial intelligence tech startup Upstage will challenge global math solver AIs such as OpenAI’s ChatGPT and Google’s Ph...

LG Elec’s vehicle systems plants running above full capacity

LG Electronics Inc.'s automotive electronics production plants have surpassed 100% of their operating rate this year as of the end of September.Acco...

BOK governor named chair of BIS financial system committee

Bank of Korea Governor Rhee Chang-yong has been appointed as the chairman of the Committee on the Global Financial System (CGFS) at the Bank for Int...

KT says farewell to telegraph after a century of service

KT Corp., a leading South Korean telecom company, will end its telegraph service, once the fastest means of long-distance communication, after the c...

Samsung, SK pin hopes on HBM sales with Nvidia's new AI chip

South Korean memory chipmakers like Samsung Electronics Co. and SK Hynix Inc. have high hopes for fast growth in their high-bandwidth memory (HBM) s...

SK Ecoplant develops core battery recycling technologies

South Korea’s SK Ecoplant Co. has developed four core battery-recycling technologies, including recovering nickel and cobalt from spent lithiu...

Korean battery makers’ broad restructuring hits US

SK On Co., South Korea’s No. 3 battery maker, has decided to furlough employees at one of its US battery factories in the state of Georgia to ...

South Korea vulnerable to tech spies undeterred by soft penalties

When a former Samsung Electronics Co. executive was arrested on industrial espionage charges by South Korea’s National Intelligence Service (N...

SK Telecom verifies AI server liquid immersion cooling tech

South Korea's SK Telecom Co. announced on Tuesday that it has successfully verified the liquid immersion cooling technology, a next-generation Inter...

KAI participates in Dubai Airshow 2023

Korea Aerospace Industries Ltd. (KAI), South Korea's sole military aircraft manufacturer, announced on Tuesday that it has participated in the "Duba...

Lunit gets FDA approval for AI cancer diagnosis solution

South Korean medical AI company Lunit said on Tuesday its Lunit Insight DBT, an AI imaging diagnosis solution aiding in breast cancer diagnosis, has...

WeWork vs Starbucks as workspace in South Korea

In 2019, WeWork’s business model underwent a reality check.Its application for an initial public offering the same year was met with investor ...

S.Korea’s semiconductor exports rebound in 1st 10 days of November

South Korea’s semiconductor exports rose in the first 10 days of November, reversing their 13-month downward trend, data show, raising the pro...

SK Hynix’s new LPDDR5T chip shipped to Vivo for X100 smartphones

SK Hynix Inc. said on Monday it has commercialized the world’s fastest mobile DRAM by shipping its new advanced mobile chips, LPDDR5T, to Chin...