Naver’s web browser Whale challenges global rivals
South Korea’s homegrown web browser Whale, developed by Naver Corp., is quietly increasing its presence in the domestic market, where Google C...
LS Cable to step up ESG efforts by recycling wooden cable drums
LS Cable & System Ltd. is slated to begin recycling wooden cable drums as part of its environmental, social and governance (ESG) management effo...
Top S.Korean firms face carbon neutrality dilemma
South Korea’s top 30 companies emitted their largest-ever amount of carbon dioxide last year, contrary to their goal of reducing greenhouse ga...
SSG.COM joins race for top spot in luxury online shopping in Korea
SSG.COM, the e-commerce brand of South Korean retail giant Shinsegae Inc., launched its online luxury goods marketplace SSG Luxury on July 3. Focusi...
Korea shipbuilders throttle up wind farm business
South Korea’s major shipbuilders are competing to lead the global wind farm industry, an emerging game-changer in the renewable energy sector,...
Korean Aerospace Ind.'s shares soar on Poland export hopes
Korea Aerospace Industries Ltd. (KAI), South Korea’s military aircraft manufacturer, is emerging a winner in South Korea’s sagging stock...
Korea sees record H1 trade deficit, weak consumer sentiment
South Korea suffered the largest trade deficit for the first half of a year on surging energy prices and slowing exports, while consumer sentiment i...
Lotte Chemical, Bain Capital among bidders for Korea’s Iljin Materials
The much-touted sale of a controlling stake in Iljin Materials Co., a leading South Korean battery materials maker, is flagging as big spenders are ...
POSCO Chemical, Britishvolt sign initial deal for battery materials
POSCO Chemical Co., a unit of South Korea’s top steel maker, and UK electric vehicle startup Britishvolt Ltd. have signed an initial agreement...
Korea’s Socar gets pushback for high valuation ahead of IPO
South Korea’s mobility unicorn Socar Inc. faces controversy over its valuation after the car-sharing startup set the price guidance for its in...
LG Magna to spend $78 mn on China capacity expansion
LG Magna e-Powertrain Co. will invest $78 million in its Chinese plant of electric vehicle parts to meet growing demand in the world’s largest...
Washington D.C. recognizes Korea as origin of kimchi
Washington D.C. has joined the three US states of California, Virginia and New York to designate Nov. 22 “Kimchi Day,” and has acknowled...
SK Bioscience wins marketing license for Korea's first COVID-19 vaccine
South Korea’s SK Bioscience Co., a biopharmaceutical unit of SK Group, has won marketing authorization for its COVID-19 vaccine from the Minis...
Moon boats light up the birthplace of Korean Confucianism
Riding a crescent moon-shaped boat that changes colors is a must-do experience in the small South Korean city of Andong, 190 km southeast of Seoul.T...
Hyundai’s US partner Aptiv invests in self-driving startup StradVision
Aptiv PLC, one of the world’s big three autonomous driving technology companies, has agreed to invest 50 billion won ($39 million) in StradVis...
LG Innotek unveils top-of-the-line in-cabin radar module
South Korea’s electronic parts maker LG Innotek unveiled an in-cabin radar module Tuesday, which it says is the most advanced version of such ...
South Korea to invest $794 million in AI chips, nurture 7,000 experts
The South Korean government has decided to invest 1.02 trillion won ($794 million) in the artificial intelligence semiconductor sector and foster ov...
Korea Woori Card to start installment finance biz in Indonesia
Woori Card Co. is set to start the installment finance business in Indonesia, Southeast Asia’s largest economy as the credit card unit of Sout...
1 in 4 biotech firms struggles with decreasing cash reserves
South Korea’s biotechnology firms – public and private alike – are facing increasingly negative financial conditions. T...
Translink: Startup fundraising barely affected by economic downturn
Venture capital, or the business of investing in innovative private companies with growth potential, is a local endeavor most of the time.While this...
S.Korea stocks see dead cat bounce; outlook remains gloomy
South Korea’s shares on Friday rebounded after tumbling in the previous two straight sessions, outperforming their peers in Asia, but few expe...
Economist Cho Soon 'the Keynes of South Korea' dies at 94
South Korea’s former finance minister and central bank governor Cho Soon died at 94 of natural causes on Thursday.Cho, a renowned economist ca...
Korea won at 13-year low on recession fears amid tightening
South Korea’s won hit a 13-year low, weakening past the psychologically important 1,300 per US dollar level for the first time since the 2008-...
Korea to reboot nuclear power sector with orders, aid
South Korea plans to rebuild the nuclear power plant industry hard hit by the previous government’s nuclear energy phasing-out policy by placi...
Shares in oil refiners hit by windfall tax concerns
Two listed oil refining companies in South Korea saw a combined 1.6 trillion won ($1.2 billion) wiped off their market cap on Wednesday, after the m...
Ex-Samsung exec says Korea chip sector needs more support
South Korea’s semiconductor sector needs more support from the government not only to compete against global rivals backed by their own govern...
S.Korea ushers in new space era with rocket launch success
GOHEUNG, South Korea -- South Korea opened a new space era as it succeeded in the launch of a homegrown space rocket carrying payloads to become the...
Korea’s adult audio platform eyes Japan for global biz
South Korea’s adult audio content platform for women raised money to make inroads into Japan as a start of its global business.Sensual Moment ...
Korea airlines’ race for Mongolian route intensifies
South Korean airlines’ competition for the Mongolian route, one of the most profitable, is heating up as low-cost carriers have joined the rac...
Temasek VC unit CEO sees recent downturn as investment opportunity
Vertex Venture Holdings, a venture capital unit of Singapore state investor Temasek Holdings, expects the recent global downturn to offer investment...
