DB HiTek to expand high value-added specialized image sensor business

South Korea's chip foundry DB HiTek Co. attained foundry process technology and is set to expand its high-value-added specialized image sensor busin...

Samsung hires two ex-Ericsson executives to lead network business

South Korea’s tech giant Samsung Electronics Co. has hired two former executives of Swedish telecom equipment maker Ericsson to boost its ne...

Korea Exchange acquires market operator license in Singapore

Korea Exchange (KRX) on Thursday said it has received a "Recognized Market Operator" (RMO) license from the Monetary Authority of Singapore (MAS), a...

S.Korea's BSI hits 30-month low amid poor business sentiment

The economic outlook by companies is worsening given lingering global uncertainty, with the business outlook for February at its lowest level in two...

Samsung Biologics CEO focuses on global business

John Rim, chief executive of Samsung BioLogics will directly lead his company's global sales operations for biopharmaceuticals through contract deve...

Samsung earns ISO 22301 certification for business continuity

Samsung Electronics Co.'s device solutions division has achieved ISO 22301 certification, the international business continuity management system (B...

Silicon Valley, Korean startups’ choice for global business

Silicon Valley was the favorite place for South Korean startups for their global business as more of them were established in other countries for th...

Carrier’s Korea JV aims to raise sales with cold chain biz

Carrier Global Corp.’s joint venture in South Korea aims to ramp up sales with the cold chain business, the series of actions and equipment ap...

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 ...

Mirae Asset sees 100-fold jump in deposits 15 years after entering India

South Korea's Mirae Asset Global Investments on Wednesday marked the 15th anniversary of its incorporated company in India that now has 21 trillion ...

BOK mulls business, financial stability this year while focusing on inflation

The Bank of Korea Governor Rhee Chang-yong on Wednesday said, "We will focus on inflation this year but also closely consider tradeoffs to preserve ...

Daewoong accelerates investment in CDMO business

Daewoong, the holding company of South Korea's pharmaceutical-oriented Daewoong Group, is speeding up its pace to beef up its contract development a...

South Korean companies ink $6.1 billion MOUs with UAE partners

ABU DHABI – Business leaders from South Korea and the United Arab Emirates (UAE) have signed 24 initial agreements worth at least $6.1 billion...

SK Inc. eyes significant growth in bio business from 2024

SAN FRANCISCO – SK Inc.,  the investment and holding company of South Korea’s SK Group, expects significant growth in its biopharma...

Capital-impaired SMEs are allowed to participate in government-led R&Ds

Capital-impaired companies can now receive government R&D support as long as they prove their research capabilities.The Ministry of SMEs and Sta...

Hanwha Systems opens UAE branch as core base for Mideast exports

South Korea's Hanwha Systems Co. on Thursday opened a branch office in Abu Dubai, the United Arab Emirates in the wake of the company's business gro...

POSCO Chemical moves into activated carbon business

POSCO Chemical Co. will join hands with Dong-Suh Chemical Industries Co. Ltd. to move into the activated carbon business, an eco-friendly material f...

SK Ecoplant looks to enter US battery recycling business: CEO

SK Ecoplant Co., a South Korean construction engineering company, will enter the US battery recycling business by investing in promising startups, C...

Hyundai Eng. acquires certifications for nuclear power plant construction

Hyundai Engineering Co. said on Tuesday it has obtained both domestic and foreign quality certifications to start the nuclear power plant EPC (desig...

Pan Ocean to transport energy products for Portugal's Galp

Pan Ocean Co., the top bulk shipping company in South Korea, has received its first large-scale liquefied natural gas (LNG) carrier to provide shipp...

LG Elec to increase partnerships for business expansion

LAS VEGAS -- LG Electronics Inc., the world’s top home appliance maker, is seeking more partnerships with global leading companies and increas...

HD Hyundai to boost offshore wind power, future ships, CEO says

LAS VEGAS – HD Hyundai Co., the largest shipbuilding conglomerate in South Korea, is set to diversify its future growth engines, focusing on s...

Com2verse attracts investment of $9.4 million from strategic partners

Com2verse, Com2uS Corp.'s metaverse subsidiary said on Tuesday that it has secured a strategic investment of 4 billion won ($3.1 million) each from ...

Sejong kicks off private 5G business for exclusive use for industrial safety

Sejong Telecom, Inc. a mid-sized facilities-based telecommunications business and ICT platform company in South Korea, will launch a private 5G bu...

SKC's film business units change their names, start anew

SKC Future Materials and SKC Hi-Tech & Marketing, which had newly been established through the spin-off of SKC's industrial materials division (...

Naver, Kakao to hold off M&As to pursue profits

Naver Corp. and Kakao Corp., South Korea’s two leading online platforms, will put on hold acquisition-oriented growth strategies and instead p...

K-BBQ brand Mapo Galmaegi signs agreement to get halal certification

South Korean food service enterprise Didim E&F said on Monday that its Korean barbecue brand Mapo Galmaegi signed a business agreement with a Ko...

Document tool company Business Canvas secures Series A2 round

Business Canvas, a South Korean SaaS (software as a service) startup that services the global document tool "Typed," announced on Tuesday that it ha...

Korean business chiefs’ Year of the Rabbit messages: Keep investing

South Korea’s top business leaders on the first business day of the year stressed the importance of active investment and concentration of r...

Is semiconductor chip rental doable?: Samsung says yes

Samsung Electronics Co., the world’s largest memory chipmaker, is looking to launch a high-end memory chip rental service as its new business ...