Kakao to launch takeover bid for SM to counter HYBE

Kakao Corp., South Korea’s dominant mobile platform, will launch a takeover bid for SM Entertainment Co., according to people with knowledge o...

Korea’s SPC Samlip, Siam Makro to tie up for Thai bakery business

SPC Samlip Corp., a unit of South Korea’s food and bakery giant SPC Group, said on Monday it has forged a business partnership with Siam Makro...

Mirae Asset, music profit-sharing startup take on security token offerings

South Korea's Fingo Company, which runs the music revenue sharing platform Fingo, on Friday said it signed a memorandum of understanding (MOU) with ...

LG Electronics picks private 5G network as next growth engine

LG Electronics Inc. is seeking to make inroads into the private 5G network market, set to grow rapidly amid accelerated migration to automation in a...

Lotte Chairman to return to beverage unit's boardroom

Lotte Group Chairman Shin Dong-bin is slated to return as an inside director of Lotte Chilsung Beverage Co., the group’s subsidiary and one of...

SK Materials makes equity investment in ION for CO2 capture partnership

SK Materials Co., an industrial gas manufacturing affiliate of South Korea’s SK Inc., has made an equity investment in ION Clean Energy Inc., ...

China's CDFG targets duty free operation at Incheon Airport

China Duty Free Group Co. (CDFG), the only state-owned duty free business manager in China, has joined a bid alongside four South Korean retail gian...

GM Korea begins mass production of Trax crossover

General Motors Korea announced on Sunday that it celebrated the start of mass production of the Chevrolet Trax Crossover, a new utility vehicle, at ...

POSCO Int'l, Daesang sign MOU to cooperate in food business

POSCO International, South Korea's largest general trading company, announced on Friday that teams up with Daesang Corp. in the food business area.P...

S.Korea’s hy buys Mesh for Vroong delivery service

South Korea’s hy, formerly Korea Yakult, has acquired Mesh Korea, the operator of the delivery service Vroong that uses two-wheeled vehicles. ...

HYBE cries foul over SM, Kakao’s undisclosed deal

HYBE Co., the label behind the global sensation BTS, is considering legal action to invalidate an undisclosed deal between SM Entertainment Co. and ...

KT CEO Ku Hyeon-mo drops reelection bid as controversy flares

KT Corp. Chief Executive Ku Hyeon-mo has abandoned his ambitious bid to lead South Korea’s largest telecommunications company for another thre...

LG Electronics plans sales blitz on US market for induction ranges

LG Electronics Inc. this year has launched an all-out sales offensive for induction ranges and cooktops in the US, the world's leading market for pr...

S.Korea's SK Broadband moves into public DaaS market

South Korea's leading broadband Internet access provider SK Broadband is moving into the public desktop-as-a-service (DaaS) market.SK Broadband anno...

Hanwha Aerospace secures tech to catch illegal drones using nets

South Korea's Hanwha Aerospace Co. has secured technology to respond to threats from unmanned aerial vehicles such as drones.The company seeks the a...

Yanolja becomes Korea's first company to join UAE's Global Unicorn Center

South Korea's Yanolja Co. a leisure booking platform company, announced on Thursday that it has become the first Korean company to join the Global U...

Samsung’s old textile mill transformed into idea accelerating lab

Samsung Electronics Co. has opened its first regional C-Lab Outside campus in Daegu – where its founder Lee Byung-chull started his first busi...

KTS secures contract for LS Cable's undersea cable construction project

KT Submarine Co. (KTS), a South Korean undersea cable construction company, said on Tuesday that it signed a contract with LS Cable & System Ltd...

Patty-cooking robotics startup Aniai completes seed funding

Aniai Inc., a foodservice robotics developer founded by a South Korean, said on Feb. 21 it has attracted $3 million via a seed funding round to boos...

CJ Logistics opens office in Poland to beef up European business

CJ Logistics said on Tuesday that it has opened an office in Wroclaw, Poland’s largest industrial city located in the southwest, as part of th...

LG Elec gets vehicle cyber security certification from German agency

LG Electronics Inc., a leading South Korean home appliance maker, said on Monday that it has obtained ISO/SAE 21434 certification for its vehicle co...

Korea's Musicow to lead fractional IP ownership globally

Musicow Inc., South Korea’s first music copyright trading platform, is set to gain momentum as fractional ownership in copyright claims has be...

SK Enmove joins GRC's ElectroSafe Fluid Partner Program

South Korea's SK Enmove Co. said on Monday it will participate in the ElectroSafe Fluid Partner Program run by US-based specialist company GRC, whic...

Brazil approves Celltrion Pharm’s syringe facility

Celltrion Pharm Inc., a South Korean biopharmaceutical company, said on Monday it received certification from Brazil’s health regulator for it...

LG Elec wins best eco-friendly washing machine title in US

Consumer Reports, a prominent consumer magazine in the US, has named LG Electronics Inc.'s washing machines as the "best eco-friendly washing machin...

Korea's Cha Bio Group to expand overseas real estate business

Cha Bio Group, consisting of Cha Biotech and Cha Vaccine Research Institute as its subsidiaries, has announced its expansion into the real estate in...

LG Chem invests $75 million in Piedmont Lithium, signs supply deal

LG Chem Ltd., South Korea’s largest chemicals maker, said on Friday it is acquiring a 6% stake in Piedmont Lithium Inc., a US mining company, ...

SK Shieldus introduces EDR-specialized control, analysis services

South Korea's IT security service firm SK Shieldus made an announcement on Thursday that they will be providing control and operation, investigation...

Hanwha Group buys HSD Engine for $175.9 million

South Korea's Hanwha Group will acquire ship engine maker HSD Engine in a move to shore up its shipbuilding unit following the conglomerate's takeov...

Samsung’s TV business launches customer marketing team

South Korea’s tech giant Samsung Electronics Co. is putting into action an age-old mantra that reflects the importance of customers in its bus...