HMM, GS Caltex to cooperate for eco-friendly biofuel project
South Korea's HMM Co. has partnered with GS Caltex for an eco-friendly biofuel project aimed at reducing greenhouse gas emissions, according to an...
S.Korea, Airbus plan to open domestic tech research center
South Korea and European aircraft maker Airbus Group will open a technology research center in the country and discuss boosting cooperation in suppl...
BTS Forest created in Seoul by fans' donations
“BTS Forest” has been created in Seoul’s Nanji Hangang Park, South Korea’s largest music streaming service Melon announced o...
S.Korean gov’t to export domestic tax service system abroad
South Korea's National Tax Service (NTS) is looking to export its world-renowned electronic tax administration system after successfully implementin...
WeMade signs MOU with Ministry of Investment Saudi Arabia
South Korea's game publisher WeMade Co. announced on Tuesday that it has signed a memorandum of understanding (MOU) with the Ministry of Investment ...
Number of travelers on S.Korea's LCCs jumped 104-fold in Q1
Demand for overseas flights in South Korea has exploded since the resumption of air travel operations amid the substantial easing of COVID-19 restri...
LG Elec to strengthen its direct-to-consumer sales strategy
South Korea's LG Electronics Inc. is strengthening its direct-to-consumer (D2C) strategy and expanding its lineup of low- to mid-priced products to ...
Samsung Display to use waste glass in cement to erect new HQ
South Korea's Samsung Display will use recycled cement using waste glass from the display production process to build a new headquarters.The company...
iMarket Korea, Taylor city in Texas sign MOU for business agreement
iMarket Korea, South Korean distributor of industrial materials, said on Friday that it has signed a memorandum of understanding (MOU) with th...
POSCO, three telcos to build communication systems against disasters
South Korean steel giant POSCO said on Friday that it has signed a memorandum of understanding (MOU) with three domestic telecommunications companie...
Another war in Russia: Hyundai, Kia versus Chinese carmakers
In Russia, which is in a state of war against Ukraine, there’s another war going on. This time, the war is between South Korea’s two lar...
Korea to adopt cornerstone investor system to vitalize IPOs
South Korea is set to introduce a system of cornerstone investors who agree in advance to subscribe to a forthcoming listing with conditions of lock...
IGIS, KKR delay plan to set up Seoul-based real estate JV
IGIS Asset Management Co., the largest real estate investment firm in South Korea, and US private equity giant KKR & Co. have indefinitely postp...
S.Korea plans to make digital platform gov't based on large-scale AI
South Korean government is pursuing various measures to nurture talent as a way to secure national competitiveness in the AI industry as represented...
POSCO conducts pilot release of rare metal ferrochrome
South Korea's steelmaker POSCO and the government-run Korea Mine Rehabilitation and Mineral Resources Corp. (KOMIR) on Friday announced the first pi...
Hyundai Dept. Store to open first Disney Store in Korea
South Korea's Hyundai Department Store Co. said on Thursday that it has acquired the operating rights of Disney Store, a retail brand of Walt Disney...
Lotte Department Store plans to open Line Friends pop-up store
South Korea's Lotte Department Store seeks to attract foreign tourists amid Golden Week holidays in Southeast Asia.Tourists from the region are expe...
Tesla Korea’s profit, sales fall on new subsidy plans, lack of models
Tesla Inc.’s South Korean business has been worsening in recent months due to the lack of new models launched in the country amid Seoul’...
POSCO E&C supports construction workforce development in Argentina
POSCO E&C (formerly POSCO Engineering & Construction), the builder affiliate of South Korea's POSCO Group, announced on Wednesday that it ha...
Hyundai E&C, Samsung C&T to jointly establish construction robot ecosystem
Hyundai Engineering & Construction and Samsung C&T Corp.'s construction unit andannounced on Tuesday that they have signed a strategic bus...
HD Hyundai Infracore targets Middle East and African markets with new brand Develon
HD Hyundai Infracore (formerly Hyundai Doosan Infracore Co.), a South Korean construction equipment maker, has ventured into the Middle East and Afr...
Rebellions CEO aims to outrival Qualcomm within a decade
Artificial intelligence is the talk of the tech world, particularly with the rise of the worldwide sensation OpenAI’s ChatGPT, the generative ...
S.Korea to allocate 70% of annual R&D budget to eleven core tech areas
The South Korean government plans to allocate 70% of its annual R&D budget to 40 projects for research and development in eleven core industrial...
POSCO Group plans talks with former US diplomat
Former US Deputy Secretary of State Stephen Biegun will hold talks with Chairman Choi Jeong-woo of South Korea’s POSCO Group.They will discuss...
Korea's InnoGrid to collaborate with Hyosung for cloud business
InnoGrid Co., South Korea's cloud computing and digital transformation (DT) specialist, announced on Friday that it has signed an agreement with dat...
Lotte Group secures $3.8 bn funding from four major Korean banks
Lotte Group announced on Friday that it has signed a financial support agreement worth 5 trillion won ($3.8 billion) with four major South Korean ba...
LG Elec sees steady 2023 sales to widen gap with Whirlpool
LG Electronics Inc. expects sales of its home appliances division, the key cash cow of the South Korean company, to remain steady at 30 trillion won...
Dongwon inks deal with Dongkuk for secondary battery raw material
South Korean firm Dongwon Systems Corp. has signed an agreement with Dongkuk Industries Co. for the supply, sale and development of raw materials fo...
Kia plans 'game changer' EV9 launch in US by 4th quarter
South Korean carmaker Kia Corp. on Thursday said it unveiled on Wednesday in New York its large electric sport-utility vehicle EV9 for the first tim...
S.Korea's Yanolja Cloud acquires US solution company InSoft
South Korea's Yanolja Cloud announced on Thursday that it has acquired InSoft, a US hospitality solution company, to establish a base for expanding ...
