Naver D2SF makes follow-up investment in fashion startup Onthelook

Naver D2SF, Naver Corp.'s startup investment arm, made a follow-up investment in fashion content startup Onthelook.The company said on Wednesday tha...

CU to make instant VAT refund for foreign customers

BGF Retail, a franchiser that operates convenience store chain CU, said on Tuesday that it would implement an instant VAT refund service for foreign...

Lotte mulls building transit hubs in retail stores for air taxis, drones

South Korea’s Lotte Engineering & Construction Co. said on Dec. 22 it is considering building vertiports on the rooftops of its retail aff...

Lotte Mart opens 50th Indonesian store in Serpong

Lotte Mart said on Thursday that it would open its 50th store in Serpong, Indonesia. The store is 4,628 square meters, with more than 80% of the tot...

Hyundai Mobis, Ottopia tie up for remote mobility tech

Hyundai Mobis Co., the world’s sixth-largest automotive part supplier, and Israeli teleoperation startup Ottopia Technologies Ltd. have joined...

Bigsome Bio signs tech transfer agreement with university

Bigsome Bio, a subsidiary of Lotte Chilsung Beverage, has begun research on functional materials for respiratory health.The company said on Friday t...

Hyundai Motor transforms buses into mobile office spaces

South Korea's automaking giant Hyundai Motor Co. said on Monday it had launched the country's first mass-produced mobile office bus: the "Universe M...

SK Group to display eco-friendly tech at next month's CES

South Korea's SK Group next month will display an extended range of carbon-reducing products and technologies at CES 2023, the world's largest exhib...

LG Uplus secures compliance management system certification

LG Uplus Corp. announced on Sunday it has obtained ISO 37301 certification for its compliance management system, marking a first among the three Sou...

Samsung eyes new mobile AP chip to take on Apple's iPhone

Samsung Electronics Co. and Apple Inc. have had a long rivalry in the global market for smartphones and other mobile devices. In terms of sales...

LG Uplus to debut university-specific metaverse platforms early next year

South Korea's mobile telecom operator LG Uplus said on Thursday that it would introduce a specialized metaverse platform for which all universities ...

Doosan obtains certification on hydrogen batteries for drones

Doosan Mobility Innovation (DMI) said on Wednesday that its hydrogen fuel cell power pack DP30M2S product, which is mounted on hydrogen-fueled drone...

LG Uplus ramps up user experiences, platforms, metaverse

LG Uplus Corp., the third-largest mobile carrier in South Korea, is improving its user experiences as well as accelerating new businesses such as pl...

Lotte Aluminum signs $795 mn contract for cathode foil raw materials

Lotte Aluminum, a manufacturer of cathode foils for secondary batteries in South Korea, announced on Monday that it has signed a long-term purchase ...

S.Korea leads liquid hydrogen fuel tank technology standards

South Korea's draft proposal on aviation liquid hydrogen fuel tanks was adopted as an international standard at the International Organization for S...

Lordsystem, NHN Doctortour agree to promote mobile passport authentication service

South Korea’s two companies, Lordsystem and NHN Doctortour, decided to cooperate on mobile passport identity verification services, which wi...

S.Korea's fast-food chain Lotteria opens 3rd store in Mongolia

Lotte GRS, the food affiliate of Lotte Group, said on Thursday that it opened its third Lotteria restaurant in Ulaanbaatar, Mongolia, last Friday.Lo...

Lotte Department Store hosts Alfie Caine's first solo exhibition in Asia

Lotte Department Store on Wednesday said it will hold the first solo exhibition in Asia by Alfie Caine, a British artist who is emerging as a star o...

Kakao unveils measures to prevent recurrence of service disruptions

South Korea’s Kakao Corp. has unveiled a series of measures to prevent a recurrence of service disruptions after the mobile platform giant cam...

IMM, Lotte to inject another $76 mn in Hanssem at default risk

South Korea’s IMM Private Equity and Lotte Group are set to inject additional 100 billion won ($75.6 million) in Kosdaq-listed Hanssem Co., th...

Macquarie bids for transportation card operator Loca Mobility

Macquarie Asset Management participated in a bid on Dec. 6 to acquire Loca Mobility Corp., Lotte Card Co.’s subsidiary and the second-largest ...

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...

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...

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 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...

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...

Kakao Pay seeks to acquire Loca Mobility up for sale by MBK Partners

Kakao Pay Corp., the mobile payment and digital wallet service unit of South Korean tech giant Kakao Corp., is seeking to acquire Loca Mobility Corp...

Samsung Elec expands 5G network solution supply to NTT Docomo

Samsung Electronics Co. is expanding its presence in Japan’s telecommunications market with a supply of 5G network equipment to NTT Docomo Inc...

Korea to reform market rules to boost foreign investment

South Korea will reform financial market regulations to attract more foreign investments and to achieve MSCI Inc.’s developed market status fo...

Korea's SK Inc. revs up power semiconductor value chains via M&As

SK Inc., the investment arm of South Korea’s second-largest conglomerate SK Group, is ramping up its value chain of third-generation semicondu...