BOK chief’s top mission: Soft landing for household debt
South Korea’s central bank chief on Thursday vowed to reduce household debt without causing a severe economic downturn as the Bank of Korea he...
Korean exodus from China funds amid deepening property crisis
South Korean investors’ retreat from Chinese equity funds of nearly 10 trillion won ($7.5 billion) in total principal is accelerating amid dee...
SK Telecom to enter generative AI market with large language model
SK Telecom announced on Wednesday that it will provide tailored generative AI services to businesses and public agencies using various advanced arti...
DK&D to develop green artificial leather with Chinese partner
DK&D Co., a South Korean maker of synthetic leather, on Tuesday said it signed a memorandum of understanding with Chinese eco-friendly non-woven...
Korea sales set to China to fall for 15th straight mth on property crisis
South Korea’s exports to China are poised to slide for a 15th straight month with an expected deeper drop in August amid a faltering economic ...
LG bets big on promising technologies for future growth
LG Group, South Korea’s fourth-largest conglomerate, is accelerating its investment in promising tech companies across the world despite the l...
Nomura says new shipbuilding orders peaked; Korean firms refute
Nomura Securities recently said global new shipbuilding orders likely peaked in 2022, slashing its stock recommendation rating on industry leader HD...
Woori Bank teams up with BuildBlock on US real estate services
South Korea's Woori Bank and US real estate platform operator BuildBlock have entered into a strategic memorandum of understanding to bolster overse...
LG, Samsung vie for HVAC lead with green technology
South Korea’s long-time technology archrivals LG Electronics Inc. and Samsung Electronics Co. are upping the ante in the race to lead the grow...
Westinghouse, KHNP seek licensing dispute arbitration
Korea Hydro & Nuclear Power Co. (KHNP) and Westinghouse Electric Corp. have taken their almost one-year dispute over South Korea’s nuclear...
Samsung Electronics opens future tech office in DX Division
Samsung Electronics Co. has conducted an internal reshuffle by opening a future technologies office to discover “non-existent” technolog...
LG developing technology to produce cathode without precursors
LG Chem Ltd. has embarked on a new technology development to produce cathodes without precursors in a bid to slash battery manufacturing costs and m...
Hyundai partners with 5 universities for carbon neutrality center
In a bid to accelerate the development of carbon-neutral technologies, Hyundai Motor Group has joined forces with prominent domestic universities.Th...
Korea’s KFCC likely to see loss from London-based office investment
South Korea’s Vestas Investment Management Co. is slated to sell off a London-based office tower as the property value has plunged due to rate...
KEPCO strives to drive out birds meant to bring good luck
Magpies, which East Asians believe bring good luck and fortune, are posing a headache for Korea Electric Power Corp. (KEPCO), by gnawing at power ...
Cosmax extracts raw materials from indigenous plants in Indonesia
Cosmax Inc., South Korea's cosmetics original design manufacturing (ODM) company, announced on Monday that it will unveil a cosmetics raw material b...
Hyundai Motor to advance future mobility with nanotechnology
Hyundai Motor Group, which seeks to pivot from a fast follower to a game changer in the global auto sector, has unveiled advanced materials technolo...
LG AI Research launches patent screening AI
South Korea's think tank LG AI Research has teamed up with the Korean Intellectual Property Office (KIPO) to develop the world's first patent screen...
LG releases world's first connection cable-free OLED TV
LG Electronics Inc. on Thursday announced its release of the world's first wireless OLED TV, LG Signature OLED M.As the world's first OLED TV to hav...
Naver Webtoon starts fortunetelling, personality test services
South Korea's Naver Webtoon has launched a service combining its content with the Myers-Briggs Type Indicator (MBTI), a US test of personality type,...
Samsung C&T invests $7.5 mn in Canadian low-carbon concrete firm
South Korea's Samsung C&T Corp. announced on Wednesday that it has decided to invest $7.5 million (9.8 billion won) in CarbonCure Technologies I...
Korea tops US eco-friendly car import rankings despite IRA disadvantage
South Korea retained its top spot in exports of eco-friendly vehicles including electric cars to the US in the first quarter despite challenges pose...
S.Korea’s SK to buy US bio JV stake from Roivant for $48 mn
SK Group, South Korea’s second-largest conglomerate, is set to purchase the entire stake in a US bio joint venture held by its partner, as the...
Samsung, LG, Sony vie for mixed-reality OLED display market
Samsung Display Co., LG Display Co. and Sony Corp. — the world’s three leading display panel makers — are ratcheting up efforts to...
AI talent shortage poses threat to Korean AI tech development
Since the advent of the AI-powered chatbot sensation ChatGPT, the battle to win AI talent across companies large and small has intensified, threaten...
S.Korea expands cooperation with Vietnam in intellectual property rights
The Korean Intellectual Property Office (KIPO) on Thursday said it signed a memorandum of understanding with the Intellectual Property Office of Vie...
Hanwha Impact develops 50% hydrogen gas turbine technology
The Ministry of Trade, Industry and Energy announced on Wednesday that Hanwha Impact Corporation, a South Korean petrochemical manufacturer, has dev...
NH Property & Casualty Insurance inks MOU with Vietnam's PVI
South Korea's NH Property and Casualty Insurance announced on Wednesday its new comprehensive business cooperation agreement (MOU) with PVI Insuranc...
Innocean acquires digital marketing company D-Plan 360
Innocean, a Hyundai Motor Group-affiliated advertising agency, has acquired the Seoul-based digital marketing company D-Plan 360 to greatly rai...
Doosan to start demonstration of high-efficiency hydrogen turbine
South Korea’s Doosan Enerbility Co. is set to develop and demonstrate a high-efficiency H-class large hydrogen turbine technology utilizing pu...
