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Firm dollar deters Korea Inc.’s overseas acquisition deals

Firm dollar deters Korea Inc.’s overseas acquisition deals

The firm dollar is causing South Korean companies to postpone or cancel their plans to buy overseas firms for future growth as the US currency&rsquo...

Hansol Group, KAIST to launch new tech, AI research center

Hansol Group, KAIST to launch new tech, AI research center

South Korea’s Hansol Group and the Korea Advanced Institute of Science and Technology (KAIST) have agreed to establish a research center to de...

KLA to stop chip tool supply to customers in China: Report

KLA to stop chip tool supply to customers in China: Report

US chip toolmaker KLA Corp. will cease offering some supplies and services from Wednesday to China-based customers including SK Hynix Inc., the worl...

Hyundai’s NEXO crossover tops world’s hydrogen vehicle market

Hyundai’s NEXO crossover tops world’s hydrogen vehicle market

Hyundai Motor Co.'s NEXO crossover has become the world’s best-selling hydrogen fuel cell electric vehicle (FCEV) in the first eight months of...

LG Energy, POSCO join forces for EV battery business

LG Energy, POSCO join forces for EV battery business

LG Energy Solution Ltd. and POSCO Holdings Inc. have joined hands to enhance their competitiveness in the global electric vehicle battery sector and...

Chip foundry DB HiTek pulls the plug on fabless division spinoff plan

Chip foundry DB HiTek pulls the plug on fabless division spinoff plan

DB HiTek Co. has pulled the plug on the possible spinoff of its fabless division, named the brand business department. The decision comes on the bac...

Self-driving startup 42dot unveils driverless shuttle

Self-driving startup 42dot unveils driverless shuttle

South Korea's autonomous transportation startup 42dot, owned by Hyundai Motor Group, on Monday unveiled a driverless electric shuttle installed with...

Korea's SBW Group eyes bid for textile giant Lycra

Korea's SBW Group eyes bid for textile giant Lycra

South Korean fashion business operator SBW Group is joining the race to acquire global leading textile firm The Lycra Company, investment banking so...

SK Innovation tech turns 98% of carbon dioxide into carbon monoxide

SK Innovation tech turns 98% of carbon dioxide into carbon monoxide

The Institute of Technology Innovation operated by SK Innovation Co. announced on Friday that it has developed electrochemical catalytic technology,...

Bosung attracts $2 bn investment from TGK for Korea's largest data center

Bosung attracts $2 bn investment from TGK for Korea's largest data center

South Korea’s Bosung Group has attracted $2 billion from TGK Inc., a US infrastructure company, for its planned construction of Korea’s ...

KAIST, NYU to operate joint campus in New York City from 2023

KAIST, NYU to operate joint campus in New York City from 2023

Korea Advanced Institute of Science and Technology (KAIST), South Korea's most prestigious national research university, and New York University wil...

SK Telecom expands business portfolio with quantum tech

SK Telecom expands business portfolio with quantum tech

South Korea’s top mobile carrier SK Telecom Co. is expanding its business portfolio with quantum technology, even into industries that are unr...

Korea unveils autonomous driving, commercial drone service roadmap

Korea unveils autonomous driving, commercial drone service roadmap

South Korea aims to launch advanced autonomous driving, commercial drone and other urban air mobility services by 2025, as the country strives to be...

Disney focuses on local content for global expansion

Disney focuses on local content for global expansion

ANAHEIM, California -- The Walt Disney Co. is concentrating on local content to attract more viewers worldwide for its streaming services through do...

S.Korea plans to adopt mandatory pre-disclosure of major insider trading

S.Korea plans to adopt mandatory pre-disclosure of major insider trading

Executives and major shareholders of South Korea’s listed companies will be obligated to disclose their share transaction plans at least 30 da...

CalSTRS, Korea's KTCU consider launching 2nd real estate JV

CalSTRS, Korea's KTCU consider launching 2nd real estate JV

The Korean Teachers’ Credit Union (KTCU), a retirement fund for South Korean teachers and employees, and the California State Teachers' Retire...

MBK’s talks to buy S.Korean education platform falter

MBK’s talks to buy S.Korean education platform falter

MBK Partners’ talks to buy a controlling stake in South Korea’s MegaStudyEdu Co. have collapsed, the company said on Friday, a deal esti...

Ukraine war gives North Korea reasons to draw closer to Russia

Ukraine war gives North Korea reasons to draw closer to Russia

SEOUL—Russia’s invasion of Ukraine has created an opportunity for North Korea, which has strengthened its ties with Moscow and beco...

SK Innovation unveils plans for Scope 3 carbon emission reduction

SK Innovation unveils plans for Scope 3 carbon emission reduction

SK Innovation Co. published its 2022 Net Zero Special Report on the company website on Wednesday, detailing its plan of action for Scope 3 carbon em...

Hyundai asks US state of Georgia for more incentives

Hyundai asks US state of Georgia for more incentives

Hyundai Motor Co. discussed additional incentives on its planned electric vehicle plant in Georgia with the US state's government as the leading Sou...

Hyundai narrows Level 3 self-driving tech gap with Tesla to one year

Hyundai narrows Level 3 self-driving tech gap with Tesla to one year

South Korea’s top automaker Hyundai Motor Co. has narrowed its technology gap in Level 3 self-driving vehicles with Tesla Inc. to one year, mo...

Hyundai, Hanwha ink $5.8 bn defense deals with Poland

Hyundai, Hanwha ink $5.8 bn defense deals with Poland

South Korea’s defense makers Hyundai Rotem Co. and Hanwha Defense signed formal contracts worth $5.8 billion to export battle tanks and self-p...

SK Group reworks 'financial story' action plans

SK Group reworks 'financial story' action plans

Chief executives of South Korea’s No. 2 conglomerate SK Group are overhauling their action plans to implement the “financial story&rdquo...

Com2uS announces plans to build real-life-like metaverse platform

Com2uS announces plans to build real-life-like metaverse platform

South Korea’s Com2uS Studios, the creator of the popular game Summoners War, said on Thursday it will unveil a real-life-like metaverse platfo...

Samsung C&T to build solar power plants worth $595 mn in Qatar

Samsung C&T to build solar power plants worth $595 mn in Qatar

South Korea’s Samsung C&T Corp. is set to build solar power plants worth 800 billion won ($595.2 million) in Qatar, helping the Middle Eas...

Samsung to spend $74 bn on chip production lines in Korea

Samsung to spend $74 bn on chip production lines in Korea

Samsung Electronics Co., the world’s top memory chipmaker, is expected to invest some $74 billion to expand semiconductor production capacity ...

Hyundai IONIQ 6 logs record pre-orders in South Korea

Hyundai IONIQ 6 logs record pre-orders in South Korea

Hyundai Motor Co., South Korea’s top automaker, announced on Tuesday that its first fully electric sedan IONIQ 6 is enjoying record pre-orders...

LG Display set to benefit from post-pandemic automotive display boom

LG Display set to benefit from post-pandemic automotive display boom

The rapid growth of the electric vehicle market and the advance of autonomous driving technology is providing a silver lining for automotive display...

Celltrion gains sales approval for biosimilar Vegzelma in Europe

 Celltrion gains sales approval for biosimilar Vegzelma in Europe

Celltrion Healthcare Co., South Korean biopharmaceutical giant Celltrion Inc.'s global marketing affiliate, said on Friday it has obtained the Europ...

Hyundai Motor to redirect its TaaS, AI functions to self-driving arm 42dot 

Hyundai Motor to redirect its TaaS, AI functions to self-driving arm 42dot 

Hyundai Motor Group will redirect the core functions of its Transportation-as-a-Service (TaaS) division and AIRS Company to its recently acquired se...

Is chip winter over? Doomsayers gone as Korea’s DRAM exports surge S.Korea to have 1st civilian defense minister in decades, tap career technocrats Fubon Bank expands Korea presence into banking Hana Asset launches ultra-low-fee Nasdaq 100 ETF Even barcodes copied: Counterfeits invasion threatens K-brands

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