Lotte Tour signs with Costa Cruise to resume Korea-Japan routes

Lotte Tour signs with Costa Cruise to resume Korea-Japan routes

Lotte Tour Development Co. signed on Monday an agreement with Costa Cruise, an Italian cruise line, to charter cruise ships in Dubai, the United Ara...

S.Korea's GNI per capita falls in 2022 on foreign exchange fluctuation

S.Korea's GNI per capita falls in 2022 on foreign exchange fluctuation

South Korea's gross national income (GNI) per capita last year likely fell under $35,000, a figure first reached in 2021, due to sluggish economic g...

Daewoong accelerates investment in CDMO business

Daewoong accelerates investment in CDMO business

Daewoong, the holding company of South Korea's pharmaceutical-oriented Daewoong Group, is speeding up its pace to beef up its contract development a...

Kolon, Hyosung to give up control over nylon material maker Capro

 Kolon, Hyosung to give up control over nylon material maker Capro

South Korea’s Hyosung Group and its longtime rival Kolon Group in the fiber, textile and petrochemical businesses are poised to give up their ...

LG UltraGear selected as official monitor for League of Legends

LG UltraGear selected as official monitor for League of Legends

LG Electronics Inc. said on Tuesday that its UltraGear gaming monitor, with enhanced gamer-specific features, has been selected as the official moni...

CMG Pharma acquires animal nutrition company ING Medix

CMG Pharma acquires animal nutrition company ING Medix

CMG Pharmaceutical, a subsidiary of South Korea's CHA Biotech, said on Monday that it is moving into the pet nutrition supplement market by acquirin...

Medytox to build plant for finished toxin products in Dubai

Medytox  to build plant for finished toxin products in Dubai

South Korea's biopharmaceutical company Medytox Inc. will build a plant for finished products containing botulinum toxin in the United Arab Emirates...

Handok signs agreement with Microsoft Korea for digital transformation

Handok signs agreement with Microsoft Korea for digital transformation

South Korea's leading pharmaceutical company Handok Inc. said Tuesday that it has signed a memorandum of understanding (MOU) with Microsoft Korea to...

Korea internet data center construction faces health issue

Korea internet data center construction faces health issue

South Korea’s information technology industry hit a snag with building new internet data centers (IDCs) due to controversies over the potentia...

South Korean companies ink $6.1 billion MOUs with UAE partners

South Korean companies ink $6.1 billion MOUs with UAE partners

ABU DHABI – Business leaders from South Korea and the United Arab Emirates (UAE) have signed 24 initial agreements worth at least $6.1 billion...

Stay-in-hotel trend for the holidays revs up luxury hotels

Stay-in-hotel trend for the  holidays revs up luxury hotels

Luxury hotels in South Korea are enjoying the emerging trend of Koreans choosing relaxing vacations at hotels, rather than taking holidays overseas....

S.Korea's Bioneer forms diagnostic joint venture with Indonesian company

S.Korea's Bioneer forms diagnostic joint venture with Indonesian company

South Korea's biotech company Bioneer Corp. on Monday said it concluded a deal to form a joint venture with PT Indika Energy of Indonesia for busine...

Bespin Global establishes Vietnam Tech Center for cloud, digital innovation

Bespin Global establishes Vietnam Tech Center for cloud, digital innovation

South Korea's cloud management company Bespin Global will foster cloud and digital innovation industries in Central Vietnam. To this end, the compan...

Medipost completes first dose of Cartistem in phase 3 clinical trials in Japan

Medipost completes first dose of Cartistem in phase 3 clinical trials in Japan

South Korea's stem cell research company Medipost Co. said on Monday that it has completed the administration of Cartistem, a stem cell treatment fo...

Hanwha, LG Energy team up for US battery production

Hanwha, LG Energy team up for US battery production

South Korea’s Hanwha Group will invest in LG Energy Solution Ltd.'s battery production lines for energy storage systems (ESS) in the US, some ...

South Korea Revives Nuclear Debate as Tensions With the North Rise

South Korea Revives Nuclear Debate as Tensions With the North Rise

SEOUL—Rising tensions on the Korean Peninsula and Pyongyang’s spree of weapons tests are fueling a debate in South Korea over the deploy...

Korea eyes removal of pre-reporting for forex transactions

Korea eyes removal of pre-reporting for forex transactions

South Korea as early as the second half of next year could lift regulations on money transfers abroad that exceed $50,000 per year.Daily foreign cur...

UAE’s sovereign funds to invest $30 billion in South Korea

UAE’s sovereign funds to invest $30 billion in South Korea

ABU DHABI – The United Arab Emirates will invest $30 billion in South Korea across strategic sectors, including the nuclear power, defense, hy...

LG Elec's Tennessee plant named Lighthouse Factory by WEF

LG Elec's Tennessee plant named Lighthouse Factory by WEF

LG Electronics Inc.'s home appliance factory in Tennessee, the US, has been selected as a "Lighthouse Factory" by the World Economic Forum (WEF) for...

FSS to inquire actual use of funds raised by issuing ESG bonds

FSS to inquire actual use of funds raised by issuing ESG bonds

From now on, companies in South Korea that have raised funds by issuing ESG (environmental, social, and governance) bonds will have to answer questi...

LG Chem CEO named to head industrial body of World Economic Forum

LG Chem CEO named to head industrial body of World Economic Forum

South Korea's LG Chem Ltd. on Sunday said its CEO and Vice Chairman Shin Hak-cheol on Thursday will be named chair of the Chemical and Advanced Mate...

S.Korea's SKC Solmics changes name to SK Enpulse

S.Korea's SKC Solmics changes name to SK Enpulse

South Korea's SKC Solmics, a wholly owned fine ceramics subsidiary of SKC, on Sunday said it changed its name to SK Enpulse.With 100% investment fro...

Travel sales for SE Asia, Japan sell out in South Korea

Travel sales for SE Asia, Japan sell out in South Korea

South Korean travelers are loosening their purse strings on the occasion of the Lunar New Year, with overseas travel sales for one of the biggest ho...

LG Energy, Honda to build $4.4 billion battery plant in Ohio

LG Energy, Honda to build $4.4 billion battery plant in Ohio

LG Energy Solution Ltd. and Honda Motor Co. have launched their first US joint venture to build an electric vehicle battery plant in Ohio, LG said o...

Aespa's first VR concert unveiles at the US music festival

Aespa's first VR concert unveiles at the US music festival

AmazeVR, a virtual reality (VR) concert production and distribution platform company, said on Friday that "Aespa VR Concert at Kwangya" was official...

SK Energy teams up with state-run power supplier for EV charging station

SK Energy teams up with state-run power supplier for EV charging station

SK Energy, a major South Korean oil refiner, teamed up with Korea Hydro & Nuclear Power Co. (KHNP) to install electric vehicle (EV) and hydrogen...

Bank of Korea gives bearish outlook after rate hike

Bank of Korea gives bearish outlook after rate hike

South Korea’s central bank on Friday raised interest rates by a quarter point to 3.5%, while signaling a further cut in its economic growth fo...

S.Korea to extend trading hours of local forex market

S.Korea to extend trading hours of local forex market

South Korea will extend the trading hours for the local foreign exchange market to attract overseas investors and improve the trading system so that...

S.Korea’s battery material exports double to $10 bn

S.Korea’s battery material exports double to $10 bn

South Korea’s battery material exports more than doubled to exceed overseas sales of electric vehicle cells last year, helping the country&rsq...

LG Innotek eyes top spot in FC-BGA substrate market

LG Innotek eyes top spot in FC-BGA substrate market

South Korea’s LG Innotek Co. will boost the production of its flip chip ball grid array (FC-BGA) packages, or high-density package substrates,...

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