Israel’s Nanox begins production of digital X-ray components in Korea

Israel’s Nanox begins production of digital X-ray components in Korea

Nano-X Imaging Ltd. (Nanox), an Israeli startup listed on the Nasdaq last August, has started manufacturing digital X-ray components in South Korea....

Samsung Asset in $12.4 bn oil pipeline stake purchase

Samsung Asset in $12.4 bn oil pipeline stake purchase

South Korea's Samsung Asset Management Co. has participated in a $12.4 billion acquisition of a 49% stake in Aramco Oil Pipelines Co., a unit of Sau...

Kolon expands hydrocarbon resins production, becomes global No.2 maker

Kolon expands hydrocarbon resins production, becomes global No.2 maker

South Korea’s chemicals and industrial materials maker Kolon Industries Inc. have added another 15,000 tons of annual capacity in its hydrocar...

Hyundai Santa Cruz to challenge Ford Maverick in US pickup market

Hyundai Santa Cruz to challenge Ford Maverick in US pickup market

Hyundai Motor Co.’s upcoming Santa Cruz pickup is challenging US truck giant Ford Motor Co.'s Maverick even before the South Korean automaker&...

Why fast-growing coffee chains fail to get listed in Korea

Why fast-growing coffee chains fail to get listed in Korea

A Twosome Place has scrapped its initial public offering plans after being touted as the country’s first coffee chain to go public. This has r...

Kolon Industries to lead Kolon Group's remarkable comeback in 2021

Kolon Industries to lead Kolon Group's remarkable comeback in 2021

Kolon Group is making a remarkable comeback this year to challenge its longtime rival Hyosung Group in future-growth segments including hydrogen. Ac...

Naver tipped to pull out of Shinsegae-led eBay Korea deal

Naver tipped to pull out of Shinsegae-led eBay Korea deal

In the latest twist to the pending deal worth nearly $4 billion, South Korea's online titan Naver Corp. has tentatively decided to withdraw from a S...

CureVac may pick Korea as Asian base for COVID vaccine production

CureVac may pick Korea as Asian base for COVID vaccine production

German biopharmaceutical company CureVac N.V. may choose South Korea as one of its global production bases for the COVID-19 vaccine following Korean...

Samsung Electronics to market wearable robot for healthcare by year-end

Samsung Electronics to market wearable robot for healthcare by year-end

Samsung Electronics Co. will commercialize a wearable robot for healthcare by the end of this year as the South Korean tech giant is delving into th...

Kakao enters insurance sector for synergy with its online platforms

Kakao enters insurance sector for synergy with its online platforms

Kakao Corp.’s ambition to become an insurer is gradually becoming a reality. The platform giant’s application to start an insurance busi...

Petroleum products rebound; Korea reaches all-time high April exports

Petroleum products rebound; Korea reaches all-time high April exports

Petroleum products become driving force behind South Korea's export market Exports of petroleum products turned positive this year, driving South K...

NPS joins in TPG-led $125 mn funding for Kakao Mobility

NPS joins in TPG-led $125 mn funding for Kakao Mobility

The National Pension Service has committed $100 million to a TPG consortium that recently raised $116.8 million to invest in Kakao Mobility Co., Sou...

Parts maker Mando to split off self-driving operations

Parts maker Mando to split off self-driving operations

Mando Corp., a South Korean auto parts maker under Halla Group, is splitting off the autonomous driving business into a separate entity to sharpen i...

Korea’s bakery franchises target Southeast Asia for growth opportunities

Korea’s bakery franchises target Southeast Asia for growth opportunities

South Korea’s two leading bakery franchise companies are expanding aggressively in Southeast Asia.SPC Group, the operator of Korea’s lar...

Naver-invested startups' combined valuation increases sixfold; tops $1 bn

Naver-invested startups' combined valuation increases sixfold; tops $1 bn

 The combined valuation of some 70 tech startups that received funding from the platform giant Naver Corp. has reached around 1.3 trillion won ...

SK invests in the US 'turquoise' hydrogen maker Monolith Materials

SK invests in the US 'turquoise' hydrogen maker Monolith Materials

SK Inc., the holding and investment company of SK Group, has made another big investment in the US hydrogen segment.On Jun. 3, SK said that it bough...

Kakao just behind rival Naver in market cap, may overtake soon

Kakao just behind rival Naver in market cap, may overtake soon

South Korean mobile platform giant Kakao Corp.’s enterprise value is rising backed by its strong business performance, threatening to overtake...

Chips, autos set S.Korea’s May export growth at fastest pace in 32 years

 Chips, autos set S.Korea’s May export growth at fastest pace in 32 years

South Korea’s exports surged to the highest level in over 32 years in May on the back of strong demand for semiconductors and automobiles, rei...

Inside Coupang: Close-knit, challenge-seeking, data-driven

Inside Coupang: Close-knit, challenge-seeking, data-driven

Coupang Corp. has a unique corporate culture for a company headquartered in South Korea.  Industry insiders highlight that this uncommon cultur...

Global automakers accelerate EV push as chip shortage eases

Global automakers accelerate EV push as chip shortage eases

Global auto companies are moving forward with their electric vehicle (EV) and other future mobility initiatives as the global semiconductor shortage...

Hahn & Co. acquires controlling stake in Namyang Dairy Products

Hahn & Co. acquires controlling stake in Namyang Dairy Products

South Korea’s private equity (PE) firm Hahn & Co. has acquired a controlling 53% stake in Namyang Dairy Products, acquiring all shares own...

Masayoshi Son-led SoftBank to invest $2 bn in Yanolja

Masayoshi Son-led SoftBank to invest $2 bn in Yanolja

Vision Fund, led by billionaire SoftBank founder Masayoshi Son, has decided to invest around $2 billion in South Korea's largest travel platform Yan...

China’s heavy imports of copper, steel scrap hurt Korean SMEs

China’s heavy imports of copper, steel scrap hurt Korean SMEs

South Korea’s massive exports of scrap steel and scrap copper to China are hurting its domestic companies that are struggling to secure the st...

Korean medical cosmetics firms make big rebound in Q1

Korean medical cosmetics firms make big rebound in Q1

South Korean medical cosmetics companies that underwent a tough year in 2020 are posting rejuvenated earning results thanks to s rise in demand in E...

SK Hynix push for takeover of Key Foundry to boost foundry production

SK Hynix push for takeover of Key Foundry to boost foundry production

SK Hynix Inc. is taking the first steps to take over South Korea-based Key Foundry, a move in line with recent remarks from Park Jung-ho, the SK Hyn...

SK Innovation eyes strong battery orders after returning to Q1 profit

SK Innovation eyes strong battery orders after returning to Q1 profit

SK Innovation Co., a major South Korean oil refiner and battery maker, has returned to an operating profit in the first quarter, boosted by gains in...

Samsung, LG go all out to lure adult gamers to LED TVs

Samsung, LG go all out to lure adult gamers to LED TVs

Samsung Electronics Co. and LG Electronics Inc., South Korea’s two largest TV makers, are striving to attract gamers to their large-size LED T...

Korean pharmas may turn into global vaccine makers on Biden remarks

Korean pharmas may turn into global vaccine makers on Biden remarks

South Korea’s biosimilar and pharmaceutical companies are looking at a growing chance of emerging as a global hub for manufacturing vaccines f...

Amorepacific posts 191.1% growth in Q1 profit, recovers in China

Amorepacific posts 191.1% growth in Q1 profit, recovers in China

South Korea’s cosmetics giant Amorepacific Group reported a sharp turnaround in revenue and operating profit for the first quarter of 2021.The...

Corporate storytelling: S.Korean firms' next growth key

Corporate storytelling: S.Korean firms' next growth key

South Korea’s major companies are increasingly adopting corporate storytelling as a means of rebranding their identities.As the companies enjo...

Samsung Heavy Industries clinches $635 mn preliminary FLNG deal with African shipowner Gochujang, fiery seasonings: K-sauces go viral among adventurous foreign palates HD Hyundai, India’s Cochin Shipyard to pursue joint shipbuilding orders SK Innovation to restore Vietnam’s mangrove forests in ESG initiative LG Electronics' Q2 profit halved as US tariffs bite