GCCL develops Korea's first automatic clinical trial data sharing system

Global Clinical Central Lab (GCCL), an affiliate of South Korean pharmaceutical firm Green Cross Corp., said on Monday it has jointly developed Kore...

Seoul in talks to share nuclear plant export profits with Westinghouse

Korea Hydro & Nuclear Power Co. and its parent company Korea Electric Power Corp. are in discussion with Westinghouse Electric Corp. to share pr...

Samsung, Harman unveil in-vehicle driver alert system

When a driver feels drowsy and his eyelids start slipping, a red light flickers on his dashboard with a warning sound.That’s the key feature o...

Point2 Technology to supply network cable solutions to Amazon

Point2 Technology, which specializes in high-speed communications solutions, said on Wednesday that it has signed a network cable solution supply co...

NeoImmuneTech, US think tank to develop treatment for acute radiation syndrome

Biopharmaceutical company NeoImmuneTech has grabbed an opportunity to supply new drug candidates in development as strategic items to the US gover...

Samsung Elec to invest $46 mn in S.Korean robot maker

Samsung Electronics Co., the world’s largest memory chip and smartphone maker, is set to invest 59 billion won ($46.4 million) in South Korean...

Korean banks must increase total shareholder returns: Align Partners

South Korean private equity firm Align Partners Capital Management Inc. is set to lead shareholder activism against the country’s top financia...

S.Korea's top 2 LPG importers E1 and SK Gas cut supply price

South Korea's two major importers of liquefied petroleum gas (LPG), E1 Corp. and SK Gas Corp., have both cut their supply price of LPG in the first ...

Korea’s NPS to be in red in 2022 with 5.3% loss in Jan-Oct

South Korea’s National Pension Service (NPS), the world’s third-largest such fund, is poised to report an annual loss in 2022 for the fi...

KFTC acts on Amazon's large share of S.Korea's cloud market

Amazon controls around 70% of South Korea's cloud market, followed by Microsoft in second and Google and Naver Corp. fighting for third place.The Ko...

Hankook Tire supplies tires to Nissan's new X-Trail SUV

Hankook Tire & Technology said on Tuesday it would supply its ultra-high-performance sports tire Ventus S1 evo3 SUV to Nissan's fourth-generatio...

Young Poong Precision to increase control over Korea Zinc

Young Poong Precision Corp., an industrial pump and chemical plant valve maker under South Korea's Young Poong Group, is aggressively increasing con...

Koreans buy $2.7 billion Tesla shares this year, favorite foreign stock

Tesla, Inc. was the investors’ choice in South Korea this year, ahead of other overseas stocks.According to the Korea Securities Depository he...

BASF, ADM join race to buy Korean ceramide maker Solus Biotech

BASF SE, the world’s largest chemical producer, US food processing giant ADM Co. and two other global companies have joined the race to acquir...

Net assets of S.Korea's ETF rise to $63.1 billion despite stock woes

Despite South Korea's weak stock market this year, the exchange-traded fund (ETF) sector, which marked its 20th anniversary, maintained a clear grow...

Italian envoy to Korea says what works in Korea works globally

Italian Ambassador to South Korea Federico Failla said that as both Italy and Korea cherish and prioritize the importance of tradition and innovatio...

KOICA donates Celltrion's Herzuma to Ukraine

Celltrion Healthcare Co. said on Monday that Herzuma (ingredient name: Trastuzumab) was dispatched to patients in Ukraine by the Korea International...

Netmarble joins UNGC to strengthen ESG management

Netmarble Corp. said on Monday that it has joined the United Nations Global Compact (UNGC) to strengthen its environmental, social, and governance (...

South Korea doubles gov't fintech innovation fund to $781 million

The South Korean government will double the value of its Fintech Innovation Fund, a source of financial support for the financial technology or fint...

SFA to acquire 28% stake in CIS to lead renewable battery equipment sector

South Korea’s general equipment manufacturer SFA Engineering Corp. is poised to acquire CIS Corp., a renewable battery production equipment ma...

CJ CheilJedang develops biodegradable cosmetic containers

CJ CheilJedang Corp. said on Thursday that it has applied a biodegradable container developed from a composite material mixed with PHA (polyhydroxya...

CU to introduce shopping platform on metaverse

Convenience store chain CU said on Thursday that it would introduce a meta-commerce service where online business activities take place on the met...

Mom's Touch opens 2nd restaurant in Bangkok

South Korea's F&B franchise Mom's Touch announced on Wednesday that it has opened its second store "K Chimaek" in Bangkok, Thailand.Chimaek, a c...

Korean holding firms likely to post bigger dividend payouts in 2022

South Korea's major holding companies are expected to set higher dividends per share (DPS) at end-2022 than in previous years, a Samsung Securi...

Hanwha Systems to build network to share land, sea, air target info

South Korea's Hanwha Systems Co. will start domestic research and development of new tactical data links used by member countries of the North Atlan...

LG Chem, GS EPS to build $248 million biomass power plant

LG Chem Ltd., South Korea’s top chemicals maker, said on Tuesday it has signed a contract with GS EPS Co. to build a 320 billion won ($248 mil...

SGC Energy signs 10-year contract to supply liquid CO2

South Korea’s SGC Energy Co. recently signed a contract to supply liquid carbon dioxide to a domestic company for 10 years starting January 20...

Hyundai Motor to supply 3,000 vehicles to Libya's disabled

Hyundai Motor Co. said on Sunday that it had signed an agreement to supply vehicles to Libya's disabled through the Social Solidarity Fund, an agenc...

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...

SK Materials, Arencibia ink MOU on noble gas recycling

SK Materials Airplus Co. announced on Monday that it signed an MOU with US-based Arencibia to prepare to enter the noble gas recycling business.&n...