Gaming firm NCSOFT wins S.Korea’s largest AI R&D competition

South Korean game developer NCSOFT Corp. announced on Friday that it won first place at this year’s Artificial Intelligence Grand Challenge, h...

Samsung to make 3 nm chips for Nvidia, Qualcomm, IBM, Baidu

Samsung Electronics Co., the world’s largest memory chipmaker, will make semiconductors with the industry’s most advanced 3-nanometer pr...

Samsung's chipmaking unit raises initial base salary to match SK Hynix's

Samsung Electronics Co.'s device solutions (DS) division, which manufactures semiconductors and displays, has raised its initial annual base salary ...

US extends antitrust review of Korean Air-Asiana merger

The US competition authority extended its review of the proposed merger between South Korea’s two largest airlines to check if the deal hurts ...

Deep learning SaaS provider Z.Ai wins at D.Camp pitch competition

Deep learning-based Software as a Service (SaaS) provider Z.Ai Inc. won the September pitch competition hosted by Seoul-based startup accelerator D....

Samsung to invest $15 bn in semiconductor R&D complex

Samsung Electronics Co., the world’s top memory chipmaker, plans to spend 20 trillion won ($15.1 billion) by 2028 on an advanced semiconductor...

LG Display to close LCD TV panel business for domestic use in Korea

LG Display Co., South Korea’s major display maker, is set to pull out of the liquid crystal display (LCD) TV panel business for domestic use. ...

Ex-Samsung exec says Korea chip sector needs more support

South Korea’s semiconductor sector needs more support from the government not only to compete against global rivals backed by their own govern...

Ottogi launches vegan tuna on rising demand for plant-based alternatives

Veganism is one of the hottest buzzwords in the food and beverage industry this year. F&B juggernauts are racing to win the hearts and tast...

Disney+ becomes white elephant for LG Uplus 

For South Korea’s wireless carrier LG Uplus, Disney+ may have become more trouble than it is worth.The country’s video-on-demand over-th...

Lotte Duty Free to close COEX store in central Seoul

Lotte Duty Free, South Korea’s largest duty-free business operator, is closing one of its flagship stores in Seoul in the wake of the COVID-19...

Arianespace to rival Space X with competitive quality and price

Arianespace SA, a global leading satellite launch company, uses its applications available from space, such as telecommunications, navigation and obse...

Lawmakers debate military exemption for pop artists like BTS

As a historic first, South Korean lawmakers are duking it out on the hotly debated topic of military exemption for global K-pop sensation BTS. ...

Color steel: Dongkuk falls to third place as rivals encroach on its home turf

The growing demand for color-coated steel is fueling competition among South Korean manufacturers of specialty steel products, raising concerns abou...

Korea’s battery trio cornered by Chinese rivals’ overseas advance

China’s leading battery makers are actively advancing into overseas markets with plans to build manufacturing factories close to their clients...

South Korean exporters fret over tumbling yen

South Korean exporters such as Hyundai Motor Co. and Kia Corp. are jittery as the country’s won currency hit its strongest level versus the Ja...

Korea's new asset managers survive with competitive edge

  Most new asset management firms in South Korea end up lagging the competition due to their smaller sizes. They suffer from operating losses ...

Acqui-hire practices increase in S.Korea’s startup ecosystem

Jobis & Villains, the operator of artificial intelligence-powered accounting platform 3.3, announced that it recently acquired video messenger s...

CJ ENM’s streaming platform raises $209 mn to finance original content

TVing Co. is poised to sell 382,513 new shares to South Korean private equity fund JC Partner Co.’s affiliate to raise 250 billion won ($209 m...

Neck-and-neck contest for fintech assoc. chair narrows

For the first time ever, South Korea’s fintech industry association will see meaningful competition in electing its chair this month – r...

Hyundai, Daewoo race for ship orders after merger fails

The world’s two largest shipbuilders Hyundai Heavy Industries Group and Daewoo Shipbuilding & Marine Engineering Co. are battling it out t...

Hyundai Heavy uneasy ahead of EU decision despite $2.5 bn orders

South Korea’s Hyundai Heavy Industries Group grew more concerned ahead of the European Union’s decision on the combination of the world&...

FTC announces conditions for Korean Air, Asiana merger

South Korea’s antitrust regulator the Fair Trade Commission (FTC) has decided on conditional approval for Korean Air Lines Co.‘s 1.8 tri...

KIC sees 11 alternative investment managers resign by November

Korea Investment Corporation (KIC) saw as many as 10 professionals of its alternative investment division resign from the South Korean sovereign wea...

Samsung’s $17 billion new chip plant in Taylor aims to rein in TSMC

Samsung Electronics Co. has officially announced its plan to build a $17 billion chipmaking plant in Taylor, Texas, as the tech giant aims to overta...

Snowflake’s entry into Korea to intensify cloud service competition

Snowflake Inc., a US big data cloud provider, on Wednesday announced its entry into the South Korean market with the opening of a local office, inte...

Hyundai mulls reentry into Japan with EVs, FCEVs

Hyundai Motor Co. is considering a return to Japan with electric vehicles and fuel cell electric vehicles after South Korea’s top carmaker r...

MBK's Lee listed among Forbes' power Asia businesswomen

MBK Partners' first female partner Lee In-kyung has made it to the list of Forbes Asia's 20 power businesswomen published in its November issue. For...

Netflix reports jump in users, calls Squid Game its most popular show ever

Netflix Inc. added 4.4 million memberships in the third quarter, more than the company had forecast, as viewers flocked to the streaming platform wi...

Hyundai Motor wins triple crown of world rally championships

South Korea’s Hyundai Motor Co. has won the triple crown of the world’s three motorsport events – the FIA World Rally Championship...