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...

Upstage to create interactive chatbot for virtual idols

South Korea’s artificial intelligence (AI) startup Upstage announced on Thursday that it has signed a memorandum of understanding (MOU) with M...

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

Lotte Global Logistics, CoEvolution to develop automatic solutions

South Korea's Lotte Global Logistics announced on Wednesday that it has signed a memorandum of understanding (MOU) for a strategic partnership with ...

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...

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...

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 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

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

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...

Lotte Chemical launches eco-friendly material brand Ecoseed

South Korea's Lotte Chemical Corp. has launched its eco-friendly material brand, "Ecoseed." The company announced on Tuesday that it unveiled the Ec...

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...

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

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

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 ...

LG’s FAST drive to combat TV set market slowdown

South Korea’s electronics giant LG Electronics Inc. is upending its TV business strategy by betting even bigger on software and content to off...

Lotte Energy Materials to build copper foil plant in US for EV makers

Lotte Energy Materials Corp., one of South Korea’s leading battery materials makers, plans to build a copper foil plant in the US to meet grow...

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

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

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

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...

Moderna signs mRNA access deals with S.Korea's universities

The US biotech and pharmaceutical company Moderna on Friday announced signings of contracts with the academic-industry cooperation foundations of Ko...

Korea's STX denies rumors it is backed by Chinese fund

South Korean general trading company STX Corp. has said its largest shareholder is a local investment firm, refuting false reports swirling in the m...

Krafton, Naver eye Overdare as S.Korea's answer to Roblox

South Korea's game company Krafton Inc. and Naver Z, a metaverse unit of the country’s portal giant Naver Corp. on Thursday said they will u...

Lotte Healthcare to launch AI-based health management platform

South Korea's Lotte Healthcare has entered the digital healthcare market through the launch next week of its personalized healthcare management pl...

LG Chem, Eni eye JV to build biofuel plant in Korea

South Korea’s LG Chem Ltd. and Italy's energy giant Eni Sustainable Mobility (SM) have tentatively agreed to build a hydrotreated vegetable oi...