SK Hynix earmarks $91 bn to construct world's largest chip fab

SK Hynix earmarks $91 bn to construct world's largest chip fab

SK Hynix Inc., the global No. 2 memory chipmaker, is slated to invest more than 120 trillion won ($90.7 billion) by 2046 to build the world’s ...

Korea’s ramen exports on course to reach $1 bn in 2024

Korea’s ramen exports on course to reach $1 bn in 2024

South Korea’s instant ramen noodle exports soared to a record monthly high in February, data showed, on course to hit the $1 billion mark in 2...

BTS, Blackpink economy: Korea’s IP rights trade surplus hits record high

BTS, Blackpink economy: Korea’s IP rights trade surplus hits record high

While the economic impact of US singer Taylor Swift is so powerful that pundits coined words like “the Taylor Swift economy,” no less st...

Samsung Fire headquarters up for sale at about $746 mn

Samsung Fire headquarters up for sale at about $746 mn

The Samsung Fire & Marine Insurance Co. headquarters building in Seoul is on the market at a valuation of more than 1 trillion won ($746 million...

Korea fines Doosan Enerbility $12 mn for improper bookkeeping

Korea fines Doosan Enerbility $12 mn for improper bookkeeping

South Korea’s top financial regulator said on Wednesday it will fine local major power plant builder Doosan Enerbility Co. 16.1 billion won ($...

Samsung to unveil Mach-1 AI chip to upend SK Hynix’s HBM leadership

Samsung to unveil Mach-1 AI chip to upend SK Hynix’s HBM leadership

Samsung Electronics Co., the world’s top memory chipmaker, is developing a next-generation artificial intelligence chip, Mach-1, with which th...

Samsung rallies on expectations of Nvidia’s HBM order

Samsung rallies on expectations of Nvidia’s HBM order

SAN JOSE, Calif. – Samsung Electronics Co.'s stock zoomed on Wednesday after the world’s most famous AI chip provider Nvidia Corp. hinte...

Top US general sees changing nuclear threat from North Korea

Top US general sees changing nuclear threat from North Korea

COMMAND POST TANGO, South Korea—The top U.S. military official in South Korea said his thinking has changed on deterring North Korea’s n...

Big Tech engineers rush to Korea’s AI chip startups as potential looms

Big Tech engineers rush to Korea’s AI chip startups as potential looms

Big Tech engineers are flocking to South Korea’s promising startups specializing in artificial intelligence chips, a fast-growing sector in th...

S.Korea’s Liner, the world’s No. 4 generative AI web product

S.Korea’s Liner, the world’s No. 4 generative AI web product

South Korea’s home-grown artificial intelligence service Liner was ranked the world’s fourth-most popular generative AI web product as t...

Sephora to exit S.Korean market in May

Sephora to exit S.Korean market in May

Sephora, the world's leading multi-brand beauty retailer and an affiliate of French luxury conglomerate LVMH, announced on Tuesday that it will exit...

Korea's SPC to collaborate with Pascucci to enter Italian market

Korea's SPC to collaborate with Pascucci to enter Italian market

South Korea's SPC Group announced on Tuesday that it plans to collaborate with Italian coffee chain brand Pascucci to enter the Italian market. Hu...

SK Hynix mass-produces HBM3E chip to supply Nvidia

SK Hynix mass-produces HBM3E chip to supply Nvidia

SK Hynix Inc., the world’s No. 2 memory chipmaker, began mass-producing HBM3E, the best-performing DRAM chip for AI applications, for the firs...

Interpark Triple launches travel platform Triple Korea

Interpark Triple launches travel platform Triple Korea

South Korea's retail and travel platform Interpark Triple announced on Tuesday that it launched the travel platform Triple Korea for foreign touri...

Korean investors’ yen savings flirt with record high

Korean investors’ yen savings flirt with record high

South Korean retail investors, hunting for bargains, have flocked to shovel in the Japanese currency hovering around its record low value in anticip...

In South Korea, Instagram thrives while Facebook declines

In South Korea, Instagram thrives while Facebook declines

In South Korea, one of the world’s most wired countries, people can’t live without social networking services for everyday communication...

Dubai Chamber of Commerce to open Seoul office

Dubai Chamber of Commerce to open Seoul office

The Dubai Chamber of Commerce in the United Arab Emirates (UAE) will open an office in Seoul, South Korea by May this year, according to industry so...

Korea's BC Card launches Trip.Pass for foreign visitors

Korea's BC Card launches Trip.Pass for foreign visitors

South Korea's BC Card announced on Tuesday that it launched a "Trip.Pass Card" and "Trip.Pass QR Payment Service" for foreign tourists with the dome...

Samsung invests in BrickBio in US

Samsung invests in BrickBio in US

Samsung Group announced on Tuesday that its Life Science Fund has invested in the US-based antibody-drug conjugates (ADC) and gene therapy technol...

China exodus to elevate Korea to Asia hub: AmCham chief

China exodus to elevate Korea to Asia hub: AmCham chief

South Korea has outstripped Hong Kong and Shanghai as a preferred Asia-Pacific headquarters destination for global companies, trailing only Singapor...

Renault to invest $523 mn to build green car hub in Korea

Renault to invest $523 mn to build green car hub in Korea

Renault Korea Motors Co., grappling with a protracted slump without new releases, plans to invest more than 700 billion won ($523 million) by 2027 t...

Korea’s Incheon Airport Corp. signs $3 billion deal to run Manila airport

Korea’s Incheon Airport Corp. signs $3 billion deal to run Manila airport

South Korea's state-run Incheon International Airport Corp. (IIAC) has signed a $3 billion deal to operate Manila's Ninoy Aquino International Airpo...

Korea struggles with surging copper scrap exports to China

Korea struggles with surging copper scrap exports to China

South Korea’s nonferrous metal industry is scrambling for the procurement of copper scrap as China, the world’s top copper consumer, has...

Samsung tops global soundbar market for 10th consecutive year

Samsung tops global soundbar market for 10th consecutive year

Samsung Electronics Co. has held its ground as the leader in the global soundbar market for ten consecutive years, from 2014 through 2023, according...

Korea business lobby group eyes tax reform in new parliament

Korea business lobby group eyes tax reform in new parliament

The Korea Enterprises Federation will reinforce efforts to win lawmakers’ nod to its long-desired campaign to slash corporate taxes and inheri...

Korea eyes $1.5 bn injection in KDB to boost chip, battery sectors

Korea eyes $1.5 bn injection in KDB to boost chip, battery sectors

South Korea may inject some 2 trillion won ($1.5 billion) into Korea Development Bank (KDB) by the end of this month to support the state-run bank's...

Samsung faces dubious suit every 5 days from US patent trolls

Samsung faces dubious suit every 5 days from US patent trolls

South Korean tech giant Samsung Electronics Co. is battling an increasing number of patent infringement litigation cases from US patent trolls, the ...

Labor reform urged in Korea with higher wages than Japan

Labor reform urged in Korea with higher wages than Japan

Wages at South Korean companies, both large and small, have surpassed those of their Japanese counterparts.According to a report on wage comparisons...

Samsung Elec triples new TV preorders powered by AI

Samsung Elec triples new TV preorders powered by AI

Samsung Electronics Co., the world’s top TV manufacturer, said on Sunday it is enjoying strong demand for new TVs, especially premium ultra-la...

S.Korea’s Kumho Tire to invest $751 mn to build plant in Europe

S.Korea’s Kumho Tire to invest $751 mn to build plant in Europe

Kumho Tire Co., South Korea’s No. 2 tire maker, plans to invest more than 1 trillion won ($750.8 million) by 2027 to build its first plant in ...

LG links up with Chinese rivals for budget appliance supremacy Mercedes opens world’s 1st Maybach flagship center in Seoul Blackpink's new single Jump tops Spotify daily chart K-content goes cultural: KPop Demon Hunters sparks heritage K-goods craze POSCO supplies HIC-resistant steel for Aramco’s Fadhili gas plant