S.Korea’s LIG Nex1, Iraq set for $2.6 billion deal on M-SAM missile system

Iraq has decided to import South Korean-made mid-range surface-to-air missile (M-SAM) system II, known as Cheongung II, in a deal estimated at $2.6 ...

Korea's SK Energy to start commercial operations of SAF production line

SK Energy Co., South Korea’s largest oil refiner, is set to start commercial operations of a production line for sustainable aviation fuel (SA...

After 37 years of use, Kim returns trusty microwave to Samsung with love

For 37 years, a simple microwave made by Samsung Electronics Co. sat in the kitchen of Kim Kyu-won, providing much more than convenience.It was ther...

Korail to join Manila railway maintenance project

South Korea's state-run railway company Korea Railroad Corporation (Korail) said on Monday that it participates in the operation and maintenance (O&...

Nation With Lowest Birthrate Is Rocked by Soaring Sales of Dog Strollers

SEOUL—After pushing a stroller to a park near her home in a Seoul suburb, Kang Seung-min plopped down on a bench. Then an elderly woman ap...

Samsung expands AI horizon with B2B-specific SmartThings Pro

BERLIN – South Korean tech giant Samsung Electronics Co. is entering the AI-powered business-to-business connectivity platform market with its...

Samsung SDI relinquishes polarizer film unit for $834 mn

Samsung SDI Co., the South Korean battery maker with the world’s sixth-largest market share, has decided to sell its polarizer film business t...

NCSOFT distributes four Sony game titles in S.Korea

South Korea’s gaming giant NCSOFT Corp. will distribute four popular titles in South Korea through a partnership with Sony Interactive Enterta...

Korea’s AI, robot startups shine despite funding drought

South Korea’s artificial intelligence and robotics startups raised more money through seed rounds than other sectors in August although invest...

Samsung strives to prevent musculoskeletal disorders in the workplace

Samsung Electronics Co., the world’s largest memory chipmaker, is striving to prevent musculoskeletal disorders (MSDs) in its workplace to imp...

Tokyo Electron: Chip machinery giant with ‘tireless animal spirit’

TOKYO – In the 1980s, Japanese chipmakers dominated the world’s semiconductor industry.Companies like NEC, Toshiba, Fujitsu and Mitsubis...

Hyundai's Casper, Tesla boost Korea’s online car sales

South Korea’s online car sales are expected to exceed 5 trillion won ($3.7 billion) and hit a record high this year, driven by rising internet...

Samsung 2024 TVs earn VDE certification for picture quality

Samsung Electronics Co. said on Monday that seven of its 2024 TV models, including Neo QLED 8K and Neo QLED series, have received picture quality ...

No Korean firms make it onto Korea’s top five mobile games list

No South Korean game titles developed by domestic game developers made it onto the list of the country’s top five mobile games last month, ind...

Samsung’s Ballie, LG's Q9 AI robots steal the show at IFA 2024

BERLIN – Ballie, the artificial intelligence-powered companion robot developed by Samsung Electronics Co., has come a long way since the South...

HD Hyundai establishes customization plant in Georgia, US

South Korea's HD Hyundai XiteSolution said on Friday that its construction equipment affiliates HD Hyundai Construction Equipment Co. and HD Hyundai...

LG Energy Solution's AVEL opens ESS power plant in Jeju

South Korea's LG Energy Solution Ltd. said on Friday that its company in company (CIC) AVEL has launched South Korea’s first distribution grid...

Korea’s Gordon Ramsay accelerates moves for $63 mn IPO

TheBorn Korea Inc., a leading South Korean food and beverage group operated by TV celebrity and chef Paik Jong-won, has accelerated its moves for an...

Hyundai Department to triple healthcare sales by 2030 with Nestle

Hyundai Department Store Group, a South Korean conglomerate controlling retail, fashion, healthcare and lifestyle businesses, aims to triple its hea...

S.Korea's NPS opens fourth overseas office in Silicon Valley

South Korea's National Pension Service (NPS), the world's third-largest pension fund, opened an office in Silicon Valley, San Francisco, on Septembe...

Samsung Electronics, TSMC tie up for HBM4 AI chip development

TAIPEI – South Korea’s Samsung Electronics Co., the world’s largest memory chipmaker, is partnering with its foundry rival Taiwan ...

Korea’s credit loans balloon as regulators cap mortgages

Credit loans are ballooning in South Korea as regulators tightened their grips on record-high mortgages to rein in the growth in household lend...

Mercedes-Benz EV sales tumble in South Korea after fire

German luxury carmaker Mercedes-Benz AG suffered a nosedive in EV sales in South Korea in August after a fire broke out in one of its electric vehic...

Samsung Heavy passes Int'l Risk Management Standard audit

Samsung Heavy Industries, a leading South Korean shipbuilder, announced on Thursday that it has become the first in the Korean shipbuilding industry...

S.Korea’s Q2 GDP slows 0.2%, upholds rate cut expectations

South Korea’s economic growth slowed in the second quarter on weaker domestic consumption and investment by private businesses, heightening ex...

Korea Investment Management to launch two India-focused ETFs

Korea Investment Management said on Wednesday it will launch two active exchange-traded funds (ETFs) targeting the Indian market on September 10.The...

Samsung, SK Hynix up the ante on HBM to enjoy AI memory boom

TAIPEI – Samsung Electronics Co. and SK Hynix Inc., the world’s two largest memory chipmakers, are racing to supply their advanced DRAM ...

LVMH, OpenAI, LG deepen ties with S. Korean startups   

South Korean startups and established corporations are seeking to deepen their partnerships to ensure win-win outcomes, by tapping into funds and ot...

August inflation puts BOK under fire for delayed pivot

South Korea’s inflation moderated to the government’s target of 2.0% in August, its slowest increase in three years and five months, put...

South Korea’s exports grow for 11th straight month

South Korea’s exports expanded for an 11th straight month in August on solid demand for semiconductors, smartphones and other goods overseas.E...