Lunit acquires NZ-based AI diagnostics firm Volpara

South Korean medical AI company Lunit announced on Thursday that it will acquire New Zealand-based AI breast cancer diagnostics solutions company Vo...

Samsung to relocate packaging unit workplace to lure talent

Samsung Electronics Co., the world’s top memory chipmaker, is set to relocate its advanced packaging department’s workplace in South Kor...

CJ Foodville attracts $54 mn investment from Arges PE

CJ Foodville, the food service subsidiary of South Korea's CJ Group and the operator of bakery brand Tous les Jours announced on Thursday that it at...

Kakao taps venture capital unit head as new CEO to lead reform

Kakao Corp., South Korea’s top mobile platform under fire for its extremely aggressive business expansion, tapped its venture capital unit hea...

China's CICC enters S.Korea with its private equity fund

BEIJING – CICC Capital, a unit of China International Capital Corp. (CICC), has entered the South Korean market with the launch of a private e...

Hyundai-invested SES to provide Li-Metal battery B samples, eyes UAM

SES AI Corp., a high-performance battery maker backed by several global automakers such as GM and Hyundai Motor Co., has moved one step closer to co...

SK Ecoplant completes battery recycling plant in China

South Korea’s SK Ecoplant announced on Wednesday that it completed a battery recycling plant in the Yancheng Economic and Technological Develo...

DL E&C, KBR to co-work for SAF project

South Korea’s DL E&C Co. announced on Wednesday that it signed a feasibility study contract with Kellogg Brown & Root (KBR) Inc., the ...

US regulations push Korean battery industry to cut reliance on China

The South Korean battery industry is facing pressure to cut its reliance on Chinese capital as the US government on Dec. 1 issued guidance that will...

S.Korea’s GC Cell targets global cell therapy CDMO business

GC Cell Corp., an affiliate of South Korea’s major pharmaceutical company GC Biopharma Corp., is targeting the cell therapy contract developme...

Kakao to tighten grip over units, rethink horizontal culture

Kim Beom-soo, founder and chairman of South Korea’s largest mobile platform Kakao Corp., said on Monday it will abandon its autonomous managem...

Samsung launches new growth engine control tower at mobile division

Samsung Electronics Co., the world’s largest maker of memory chips and smartphones, has created a business control tower within its Digital eX...

Hyundai, Kia’s car exports to top 2 mn units for 1st time in 7 years

Hyundai Motor Co. and Kia Corp., South Korea’s two largest automakers, are set to export more than 2 million cars in 2023 for the first time i...

LG, Poland’s ICPT in mega-million-dollar battery module supply deal

South Korea’s LG Energy Solution Ltd. said on Friday it has signed a multiyear deal to supply battery modules to Poland’s Impact Clean P...

LG Energy, KAIST develop Li-Metal battery tech for improved EV range

South Korea’s LG Energy Solution Ltd. and the Korea Advanced Institute of Science & Technology (KAIST) have developed a lithium-metal batt...

GM Korea’s exports surpass 10 mn units Jan-Nov 2023

GM Korea Co. said on Thursday its vehicle exports have surpassed 10 million units this year as of the end of November with shipments of 10,082,281 u...

Samsung SDI forms ASB commercialization team

South Korea’s Samsung SDI Co. formed a new team to promote the commercialization of the all-solid-state battery (ASB), the so-called “ba...

Celltrion, Cyron to develop multi-specific antibody new drug

South Korea’s biopharmaceutical company Celltrion Inc. announced on Wednesday that it signed a joint research agreement with domestic startup ...

Hanwha to re-enter biopharma market, targeting biomaterials

South Korea’s Hanwha Group will re-enter the biopharmaceutical market to become the country’s sole producer of tris buffers, a key reage...

Samsung names new smartphone, TV platform head

Samsung Electronics Co. has promoted Kim Yong-soo, vice president and former Google and Oracle software expert, to lead its smartphone and TV platfo...

CJ Freshway to boost smart farming business

South Korea’s CJ Freshway Corp. announced on Monday that it will launch a smart farm contract cultivation business in 2024. South Korea's...

Hanwha to boost battery production equipment business

Hanwha Group, South Korea’s chemicals-to-defense conglomerate, is working to bolster its secondary battery manufacturing equipment business wi...

Hyungji Elite selected as official partner of FC Barcelona

South Korea’s school and corporate uniform company Hyungji Elite announced on Monday that it was selected as the official partner of FC Barc...

Hanwha Aerospace to export more K9 howitzer to Poland

Hanwha Aerospace Co. announced on Monday that it signed a $2.6 billion executive contract with the Polish State Armament Agency to export additional...

EcoPro BM hits $34 billion jackpot to supply cathodes to Samsung SDI

EcoPro BM Co. has signed a 44 trillion won ($34 billion) to supply cathodes to Samsung SDI Co. for five years, deepening their alliance and betting ...

STX acquires 20% stake in lithium iron phosphate battery maker IBT

STX Corp., a South Korean general trading company, announced on Friday that it has signed a stock purchase agreement to acquire a 20% stake in the b...

LG Energy's new CEO aims to focus on qualitative growth

LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, is set to focus on qualitative growth by securing leading ...

GM asks LG Energy to share huge portion of US EV tax benefits

General Motor Co., the leading US automaker, has asked LG Energy Solution Ltd., the world’s second-largest electric vehicle battery manufactur...

CJ OliveNetworks to enter smart city business with Team Naver

South Korean digital service company CJ OliveNetworks announced on Thursday that it has signed a mutual cooperation agreement at Naver Corp.'s headq...

Samsung launches next-generation chip process development unit

Samsung Electronics Co., the world’s largest memory chipmaker, has launched a business unit tasked with developing next-generation chip proces...