SK Earthon to explore oil block off Malaysian coast

South Korea’s SK Earthon Co., an energy and petroleum unit of SK Innovation Co., and Malaysia's Petroleum Sarawak Exploration & Production...

Korea reiterates reform plans to join MSCI developed markets

South Korea’s Finance Minister Hong Nam-ki reiterated the country will take reform measures such as the extension of the local currency's trad...

LG Chem, Korea Zinc to set up battery material JV

LG Chem Ltd. and Korea Zinc Inc. will set up a joint venture to produce precursor, a key material in the production of cathode materials for electri...

FutureChem seeks FDA nod for prostate cancer radiopharma trials

FutureChem Co., a South Korean radiopharmaceutical company, is seeking the US Food and Drug Administration’s approval for clinical tests of it...

Korea Post to hire two GPs for global infrastructure debt

  Korea Post, South Korea's state-run postal service agency, said on April 14 that its insurance arm will select two asset managers for a maxi...

KT taps Vietnam for digital healthcare and AI-powered diagnosis

KT Corp., a major telecommunications company in South Korea, is set to enter the Vietnamese healthcare market with a pilot telemedicine service an...

Kolon Life inks technology transfer deal with Juniper Biologics

South Korea’s pharmaceutical company Kolon Life Science Inc. signed a technology export deal worth up to 723.4 billion won ($589.1 million) wi...

KSOE opens R&D center in Germany for future technology

Korea Shipbuilding & Offshore Engineering (KSOE), the intermediate holding company of the world’s top shipbuilder Hyundai Heavy Indus...

HYBE to develop game biz further to cut reliance on BTS

South Korea’s HYBE Co. plans to accelerate the development of its game business by separating the unit as the entertainment giant aims to cut ...

Korean game developers scurry to launch P2E versions in 2022

South Korean game developers are scurrying to release their versions of play-to-earn (P2E) games, which have been growing at a rapid pace despite be...

Korea Post to tap two GPs for global PE secondaries

Korea Post, South Korea's state-run postal service agency, said on April 6 its savings arm will choose two asset managers for two closed-end comming...

SM Entertainment to find Saudi idols with Princess Haifa

South Korea’s entertainment behemoth SM Entertainment Co. will develop Saudi idols with Princess Haifa bint Mohammed Al-Saud as the kingdom ai...

SK Innovation to list battery unit 2025 at earliest

South Korean SK Innovation Co. does not expect to list its battery subsidiary until at least 2025, the company’s chief executive said on Thurs...

Samsung to work with Western Digital on next-gen storage technology 

Samsung Electronics Co. and Western Digital Technologies Inc. announced Wednesday the two parties signed a memorandum of understanding (MOU) to coll...

Local hotels lure investment on hopes of returning visitors

Investment firms in South Korea are injecting funds into domestic hotels, preparing for the post-pandemic era. The firms are particularly focusing...

Krafton signs MOU with Solana for blockchain-based games and services

South Korea’s leading game developer Krafton Inc. announced Wednesday it signed a memorandum of understanding with San Francisco-based Solana ...

Naver Z invests in multiple metaverse-related startups to beef up Zepeto

Naver Z Corp. invested in more than eight companies so far this year, according to people familiar with the deals. Naver Z is the operator of Asia...

SK Bioscience becomes first to win domestic COVID-19 vaccine contract 

SK Bioscience Co. said it reached a deal with Korea’s disease control agency to supply 10 million doses of the country’s first experimen...

LG Elec. targets North American digital healthcare market

South Korea’s LG Electronics Inc. has made inroads into the North American digital healthcare market with US telehealth company Amwell as the ...

Hyundai, BAIC Motor to inject $942 mn in China JV for EVs

Hyundai Motor Co., South Korea’s top automaker, is set to invest more in China to revive its business on the mainland through quality electric...

Korea Hana teams up with British developer Nick Candy in Chelsea bid

South Korea’s Hana Financial Group has joined the race to buy English Premier League club Chelsea in a consortium with British property develo...

WeMade revises 2021 results to exclude crypto earnings

WeMade Co., a pioneer in South Korea's play-to-earn (P2E) game industry, revised its 2021 operating profit downward by 70% after excluding 220 billi...

Hanwha invests another $11 mn in US communications firm Kymeta

Hanwha Systems Co., the defense and air mobility unit of South Korea’s Hanwha Group, made another investment of $11 million in Kymeta Corp., a...

Korea Hanmi to launch blockbuster hypertension drug in China

South Korea’s Hanmi Pharmaceutical Co. is set to launch its blockbuster high blood pressure drug Amosartan in China, the world’s largest...

Pearl Abyss releases mobile game Black Desert in China in April

South Korean game developer and publisher Pearl Abyss set a China release date of April 27 for its cross-platform MMORPG Black Desert on the App Sto...

POSCO launches holding firm to develop non-steel biz

POSCO, the world’s sixth-largest steelmaker, on Wednesday launched a holding company to develop the group into an eco-friendly future material...

Kakao’s incoming CEO to launch two metaverse platforms

‘Beyond Korea’ is South Korean tech juggernaut Kakao Corp.’s new vision for the future. Kakao’s new CEO nominee Namkoon...

LG ramps up 6G development for first mover advantage 

LG Electronics Inc. recently signed an MoU with the Korea Advanced Institute of Science and Technology (KAIST) for the second phase of their joint...

SK Hynix develops memory chip with computing capabilities

SK Hynix Inc. has developed a next-generation memory chip with computing capabilities, which the company says will provide solutions for data conges...

LG's AI designer debuts at New York Fashion Week

South Korean fashion label Greedilous showcased its 2022 Fall-Winter collection on the main stage of the New York Fashion Week on Monday local time....