Hyundai Rotem delivers first batch of K2 tanks to Poland in $3.4 bn deal

Hyundai Rotem Co., a South Korean defense equipment maker, said on Wednesday it has delivered the first batch of its battle tanks to Poland as part ...

S.Korea sends dairy cows, livestock genetic resources to Nepal

The South Korean government is donating dairy cows and genetic resources for cattle to Nepal.The Ministry of Agriculture, Food and Rural Affairs on ...

S.Korea develops carbon composite materials as its 2nd steel industry

The South Korean government will invest 185 billion won ($139.6 million) by 2030 in the development of technology for carbon composite materials, wh...

Samsung’s Lee visits UAE nuclear plant project on first trip as chairman

Samsung Group leader Jay Y. Lee is in Abu Dhabi to meet with businesspeople and politicians and tour the Barakah nuclear power plant project in the ...

Samsung Heavy sells drillship to Italian offshore drilling company

Samsung Heavy Industries said on Tuesday in a regulatory filing that it has sold a drillship to Saipem, an Italian offshore drilling company, for 29...

LG Uplus poised to acquire homegrown OTT platform Watcha

South Korea’s third-largest mobile carrier LG Uplus Corp. is slated to acquire homegrown over-the-top (OTT) platform Watcha Inc., investment b...

Kakao Brain to unveil AI chest X-ray diagnosis service next year

Come next year, Kakao Brain, the artificial intelligence arm Kakao Corp., is slated to unveil an AI system that can write the first draft diagnosis ...

Lotte Chem, Air Liquide Korea launch JV for hydrogen business

South Korea’s chemical firm Lotte Chemical Corp. and Air Liquide Korea, the Korean unit of the French company Air Liquide SA, announced on Tue...

Samsung, Naver agree to partner in developing next-gen AI semiconductor solutions

Samsung Electronics Co. and Naver Corp. have agreed to cooperate in developing next-generation AI semiconductor solutions optimized for artificial i...

South Korea's Hyundai Heavy Industries establishes chief AI officer post

South Korea's Hyundai Heavy Industries Group has created the position of chief artificial intelligence (AI) officer (CAIO) to propel a major busines...

Lotte Rental wins $30 mn Tower Export Award for selling used cars

Lotte Rental said on Tuesday that it was granted the "$30 Million Tower" Export  Award at the "59th Korea Trade Day" award ceremony, thanks to ...

Hyundai's sales of E-GMP-based EVs exceed 100,000 units in Korea

South Korea’s Hyundai Motor Group sold more than 100,000 units of electric vehicles (EVs) that adopted Hyundai Motor’s E-GMP, or Electri...

Shinsegae Int'l secures domestic sales rights for Italian brand Davines

South Korea's fashion retail giant Shinsegae International on Monday said it has acquired the domestic rights to sell the Italian haircare brand Dav...

Samsung Elec names first female president under Chairman Jay Y. Lee

Samsung Electronics Co., the world’s largest memory chip and smartphone maker, has carried out its year-end executive reshuffle, marked by its...

Hyundai Mobis to unveil new future mobility technologies at CES 2023

Korea's largest auto parts supplier Hyundai Mobis will take part in CES 2023, the world's largest info tech exhibition, to showcase cutting-edge t...

KT&G completes elementary school in Laos with employee donations

KT&G, South Korea's dominant tobacco company,  announced on Monday that along with South Korea's non-profit organization Sharing Culture &a...

SK Telecom wins global awards for innovative virtualization technology

SK Telecom, a leading South Korean 5G services provider, announced on Sunday that it won two global awards: Global Telecom Awards 2022 and Leading L...

Korea's agro-food exports set record of $8 billion in 11 months this year

Korea's exports of agricultural and food products in the first 11 months of this year hit a record high.The Ministry of Agriculture, Food and Rural ...

VANK launches campaign to promote Korea in Vietnamese

The Voluntary Agency Network of Korea (or VANK), an online public diplomatic mission, said on Saturday that it has opened a Vietnamese language site...

Future transport center to make UAM, autonomous vehicle transfer easy

The Korean Ministry of Land, Infrastructure and Transport's Metropolitan Area Transportation Committee said on Sunday that it would promote establis...

Korea's foreign exchange reserves last month see first rise in 4 months

Korea last month saw its first rise in foreign exchange reserves in four months amid monetary authorities selling the greenback to avert a sharp dep...

Hyundai, Kia US sales up 32% in Nov; eco-friendly cars jump

South Kora’s top automaker Hyundai Motor Group enjoyed strong demand in the US last month as the improving automotive chip supply situation bo...

Korea Semiconductor Academy launched to nurture field workers

The Korea Semiconductor Academy was established Thursday with former SK Hynix CEO Seok-hee Lee at its helm.The launch ceremony was held at the Korea...

Samsung Galaxy S23 likely to adopt unbreakable smartphone screen glass

A smartphone cover glass that does not break even when dropped from a height of 1 meter onto a concrete floor has been newly developed. Corning Inc....

Delay in Apple Pay approval for South Korea sends VAN co. shares tumbling

The news of US mobile device giant Apple launching its Apple Pay service in South Korea this month sent the share prices of companies that assist th...

Korea inflation at 7-mth low; BOK may slow rate hike pace

South Korea’s headline inflation hit a seven-month low in November as rises in agricultural and petroleum product prices slowed, adding to exp...

Industrial Bank of Korea provides Silicon Valley-style financing for startups

Industrial Bank of Korea (IBK) on Friday launched the IBK Venture Loan, which provides bridge loans to promising startups struggling to borrow funds...

Korea approves Daewoong Pharmaceutical's diabetes drug

DAEWOONG PHARMACEUTICAL has received domestic approval for its diabetes drug Envlo with the active ingredient enavogliflozin, the second straight ye...

Korea’s industrial losses balloon to $1.2 bn as truckers continue strike

South Korea’s manufacturing sector faces ballooning losses across industries as the trucker strike entered its eighth day on Thursday, disrupt...

Korea won near 5-mth high as Powell signals slower hikes

The South Korean won currency hit a near 5-month high on Thursday as US Federal Reserve Chairman Jerome Powell suggested a slowdown in its tightenin...