KSOE wins orders for 7 LNG carriers in 1 week

KSOE wins orders for 7 LNG carriers in 1 week

Korea Shipbuilding & Offshore Engineering (KSOE), a mid-level shipbuilding holding affiliate of HD Hyundai Co., has landed successive orders for...

Metaverse-based virtual offices: New breadwinner for LG CNS

Metaverse-based virtual offices: New breadwinner for LG CNS

LAS VEGAS – While buzzwords such as avatar and the metaverse are on everyone’s lips these days, waking up in the morning and going to a ...

Hyundai E&C wins record $28.4 billion in new orders last year

Hyundai E&C wins record $28.4 billion in new orders last year

South Korean builder Hyundai Engineering & Construction last year earned sales of 21 trillion won ($17 billion) thanks to growth in the domestic...

KT to unveil super AI to challenge OpenAI's ChatGPT

KT to unveil super AI to challenge OpenAI's ChatGPT

South Korea’s KT Corp. is set to commercialize a super artificial intelligence (AI) tool in the first half of this year, according to industry...

Samsung Eng. wins ADNOC’s $80.7 mn joint project

Samsung Eng. wins ADNOC’s $80.7 mn joint project

South Korea’s Samsung Engineering Co. has won a $80.7 million joint project from Abu Dhabi National Oil Co. (ADNOC) for multi-billion-dollar g...

Lotte Chem to sell Pakistan unit for $156 mn to finance other projects

Lotte Chem to sell Pakistan unit for $156 mn to finance other projects

Lotte Chemical Corp. is set to sell its Pakistan unit for 192.4 billion won ($155.8 million won) to a chemical company in the country as the South K...

Kookmin Card acquires Cambodian leasing firm at $5.2 mn

Kookmin Card acquires Cambodian leasing firm at $5.2 mn

KB Kookmin Card, a credit card unit of KB Financial Group, and its Cambodian local subsidiary KB Daehan Specialized Bank, acquired the Southeast Asi...

Hancom Frontis to develop AI digital human, 3D scanning project

Hancom Frontis to develop AI digital human, 3D scanning project

Hancom Frontis, a Hancom Group company specializing in the metaverse, said on Tuesday that it has signed a three-way agreement with the Tech Univers...

Korean apparel retailer F&F to produce global K-pop stars

Korean apparel retailer F&F to produce global K-pop stars

South Korean outdoor clothing retailer F&F Co. made a foray into the entertainment sector to create a synergy of K-content and fashion, competin...

Samsung Engineering wins $1.3 bn order to build ethylene plant in Qatar

Samsung Engineering wins $1.3 bn order to build ethylene plant in Qatar

South Korea's Samsung Engineering Co. said on Jan. 9 it has signed a 1.6 trillion won ($1.3 billion) contract to build the world's largest ethylene ...

Stay disciplined, be more aggressive in 2023: PGIM Real Estate CEO

Stay disciplined, be more aggressive in 2023: PGIM Real Estate CEO

Investors often lose deals as they are too cautious or wait too long for values to go up to the exact point they expect. However, being too precise ...

Lotteria launches renewed soybean-based meat burger

Lotteria launches renewed soybean-based meat burger

Lotteria, South Korea's fast food franchise run by Lotte GRS, launched "Ria Miracle Burger II" with 100% plant-based patties using soy protein.It is...

Mirae Asset buys logistics center in India for $17 mn

 Mirae Asset buys logistics center in India for $17 mn

Mirae Asset Global Managements Co. said on Friday that it has invested 21 billion won ($17 million) in a large logistics center in Mumbai to become ...

Korean government to finance $625 million for K-content in 2023

Korean government to finance $625 million for K-content in 2023

South Korean President Yoon Suk-yeol emphasized on Thursday the importance of K-content, saying content will become the most important industry to s...

Hyundai’s Supernal, Microsoft to collaborate on UAM projects

Hyundai’s Supernal, Microsoft to collaborate on UAM projects

Supernal LLC, the urban air mobility affiliate of South Korea’s top automaker Hyundai Motor Co., and US tech giant Microsoft Corp. have agreed...

Korea proposes bigger tax breaks for chipmakers, key industries

Korea proposes bigger tax breaks for chipmakers, key industries

The South Korean government plans to raise tax breaks for facility investments by big companies, including chipmakers, to as much as 25% following P...

S.Korea's Daehan Green Power invests in energy superstation biz

S.Korea's Daehan Green Power invests in energy superstation biz

South Korea's Daehan Green Power has entered the green hydrogen sector, a new growth engine, through an energy super station project.The company on ...

Hilton Seoul to close business for redevelopment project

Hilton Seoul to close business for redevelopment project

Millennium Hilton Seoul, founded in 1983, will close down for business on Dec. 31 due to redevelopment plans for the property.The five-star hotel ...

Woori Financial wins MSCI ESG global leader rating for 2nd year

Woori Financial wins MSCI ESG global leader rating for 2nd year

Woori Financial Group said on Thursday it has earned an AA rating for the second consecutive year in the global ESG rating announced by Morgan Stanl...

Doosan Corp. starts building flexible copper-clad layer plant

Doosan Corp. starts building flexible copper-clad layer plant

South Korea's Doosan Corp. is expanding its production line for flexible cooper-clad layers (FCCL) to boost competitiveness in electronic materials ...

Samsung to unveil C-Lab startups, projects at CES 2023

Samsung to unveil C-Lab startups, projects at CES 2023

Samsung Electronics Co. will showcase four projects and eight startups developed through its venture program C-Lab at CES 2023, the world's largest ...

M2N to sell 52% stake in Chinese automotive parts company DKCA

M2N to sell 52% stake in Chinese automotive parts company DKCA

M2N( DK D&I Co. ), the parent company of pharmaceutical firm Sillajen Inc., announced on Tuesday that it has signed an agreement to sell its maj...

NPS fund management taps former GEPS CIO Seo as new chief

NPS fund management taps former GEPS CIO Seo as new chief

National Pension Service (NPS) of South Korea, the world's third-largest pension fund, has tapped Seo Won-joo as the new chief investment officer, a...

Samsung Global Goals app rakes in over $10 million in charity 3 years after launch

Samsung Global Goals app rakes in over $10 million in charity 3 years after launch

Samsung Electronics Co. on Monday said Samsung Global Goals, a charity app for the company's Galaxy smartphones and devices, exceeded $10 million in...

85% of S.Korea's Gen MZ have contactless savings accounts

85% of S.Korea's Gen MZ have contactless savings accounts

A study finds 90% of South Korea's Generation MZ, a demographic comprising millennials and Generation Z members born between 1981 and 2010, use cont...

Rep. Yang Hyang-ja criticizes 8% tax cut for chipmakers as step backward

Rep. Yang Hyang-ja criticizes 8% tax cut for chipmakers as step backward

South Korean politician Yang Hyang-ja, a Samsung Electronics Co. executive-turned-lawmaker, criticized her fellow lawmakers' decision to raise the p...

European real estate is well-positioned for attractive relative value: M&G

European real estate is well-positioned for attractive relative value: M&G

The war in Ukraine continues to stoke ongoing uncertainty in Europe, with the impact on energy supplies and prices likely to be felt more intensely ...

S.Korean startup enters UK market for wireless charging of EVs

S.Korean startup enters UK market for wireless charging of EVs

A South Korean startup will enter the British market for wireless charging facilities for electric vehicles (EV), as Korean firms speed up their adv...

KEXIM to provide $1.2 bn project financing for Indonesian refinery project

KEXIM to provide $1.2 bn project financing for Indonesian refinery project

The Export-Import Bank of Korea (Eximbank) announced on Friday that it has signed a $1.2 billion project financing agreement with the Indonesian sta...

Korean Air resumes regular staff recruitment for 1st time in 3 years

Korean Air resumes regular staff recruitment for 1st time in 3 years

Korean Air Lines Co. for the first time in three years has resumed regular staff recruitment that was suspended by the COVID-19 pandemic.Airline ind...

Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media Return of the K-pop queens: Blackpink, Twice power up YG, JYP Samsung to launch AI health coach beta in US by end-2025 South Korea moves to mandate treasury share cancellation