SAPEON X220 completes tech demo of fashion-specialized AI service

South Korea's artificial intelligence company Sapeon has completed a technology demonstration of its semiconductor SAPEON X220 on "Virtual Try-On," ...

Solvay named preferred bidder to buy Solus Biotech

Belgian chemicals maker Solvay S.A. has been selected as the preferred bidder to acquire South Korean biomaterials maker Solus Biotech, according to...

CU to make instant VAT refund for foreign customers

BGF Retail, a franchiser that operates convenience store chain CU, said on Tuesday that it would implement an instant VAT refund service for foreign...

Samsung starts building 4th semiconductor plant in Pyeongtaek

The world's largest DRAM supplier Samsung Electronics Co. is accelerating its move to expand production capacities at its manufacturing complex in P...

S. Korea foresees recession in falling freight prices, wages

Global ocean freight prices are falling amid a darkening outlook for South Korea, as Asia’s fourth-largest economy heavily depends on overseas...

Fortune 500 has just 16 Korean companies: study

Sixteen South Korean corporations are on Forbes' Global 500 list, a survey found.Critics say the distribution of the nation's leading companies is t...

US non-agency mortgage-backed securities to shine in 2023: TCW

Amid the tightening of the Federal Reserve, among the most impacted asset classes were agency mortgage-backed securities (MBS), issued by US governm...

More S.Koreans buy, sell homes online without realtors

South Korea’s top online flea market Danggeun Market and other platforms are growing more popular for property deals as home sellers look for ...

POSCO restarts key hot rolling mill at typhoon-hit plant

POSCO, the world’s sixth-largest steelmaker, resumed operations of a key hot rolling mill at a typhoon-hit plant in South Korea earlier than e...

Glenwood to sue Baring PEA over buyout deal cancellation

South Korea’s Glenwood Private Equity is set to take legal action against Hong Kong-based Baring Private Equity Partner over the cancellation ...

S.Korean corporate debt ratio hits six-year high in Q3

South Korean corporate debt ratio rose to a six-year high in the third quarter as sales growth and profitability fell, darkening the outlook for Asi...

CJ OliveNetworks develops factory big data solution

South Korea's IT service management firm CJ OliveNetworks Co. Ltd. said on Wednesday that it has developed a real-time database (RTDB), a data manag...

80% of Korea's data centers to use homegrown AI semiconductors by 2030

South Korea by 2030 will upgrade its level of domestic artificial intelligence (AI) semiconductors to the world's best by using the nation's high-pe...

LX International wins conditional approval to acquire HanGlas

The Korean Fair Trade Commission said on Monday that it had conditionally approved LX International Corp.'s bid to acquire Hankuk Glass Industries (...

Bionote slashs IPO price to 9,000 won, 50% lower than previous valuation

Everybody is aware that investment fever on biotech firms has already cooled due to rising interest rates and concerns over the fizzling economy, an...

Jeju Air rules Korea-Japan routes to beat legacy carriers

Jeju Air Co., South Korea’s largest budget airline, is dominating flights to Japan to beat full-service carriers (FSCs) in the country such as...

Baring PEA breaks $1 bn PI Advanced Materials buyout deal

Hong Kong-based Baring Private Equity Asia has broken a deal to buy a majority stake in the world’s largest polyimide film manufacturer PI Adv...

Korea cryptocurrency WEMIX to be delisted on court ruling

WEMIX, a South Korean cryptocurrency issued by WeMade Co., will be delisted on Thursday after a court ruled in favor of four local crypto exchanges’ d...

Samsung’s Lee visits UAE nuclear plant project on first trip as chairman

Samsung Group leader Jay Y. Lee is in Abu Dhabi to meet with businesspeople and politicians and tour the Barakah nuclear power plant project in the ...

Samsung, Naver agree to partner in developing next-gen AI semiconductor solutions

Samsung Electronics Co. and Naver Corp. have agreed to cooperate in developing next-generation AI semiconductor solutions optimized for artificial i...

Mispriced risk in EU, UK real estate brings appealing opportunities: Abrdn

European real estate prices are adjusting, creating mispriced risk amid current market turbulence. This brings attractive opportunities for investor...

Korea Semiconductor Academy launched to nurture field workers

The Korea Semiconductor Academy was established Thursday with former SK Hynix CEO Seok-hee Lee at its helm.The launch ceremony was held at the Korea...

Korea inflation at 7-mth low; BOK may slow rate hike pace

South Korea’s headline inflation hit a seven-month low in November as rises in agricultural and petroleum product prices slowed, adding to exp...

VC firms rake in profit of up to 6 times principal from Raemongraein

Venture capital firms that invested in media production company Raemongraein Co. raked in significant profit from the surge in popularity of the TV ...

Korean unlisted stock bubble bursts as interest rates rise

Kurly Inc., Dunamu Inc. and other major South Korean unlisted stocks plunged as the fallout on asset prices from rising interest rates extended into...

Biden hails SK Siltron’s investment in Michigan as 'game changer'

BAY CITY, Michigan – For the first time since taking office, United States President Joe Biden toured a US subsidiary of South Korean conglome...

MBK to buy Medit at lower price than Carlyle-GS bid

MBK Partners, a leading Asian private equity firm, is set to buy Medit Corp. at a lower price than a bid from the US PE giant The Carlyle Group-led ...

SK Innovation to adopt internal carbon pricing system

SK Innovation Co. on Sunday announced its adoption this year of an "internal carbon pricing system" recently approved by its board of directors. Th...

Korea's SK Inc. revs up power semiconductor value chains via M&As

SK Inc., the investment arm of South Korea’s second-largest conglomerate SK Group, is ramping up its value chain of third-generation semicondu...

Fast-shrinking chip lead time clouds semiconductor industry’s future

The global semiconductor industry has been plagued by a chip shortage for a couple of years with automakers and other manufacturers struggling to se...