UK's Croda to buy Korean bio materials maker for $286 mn

Croda International Plc., a British specialty chemicals company, is set to acquire South Korean bio materials producer Solus Biotech Co. for some 35...

NYLIM taps Sungyun Hong as head of Seoul office

New York Life Investments (NYLIM) has appointed Sungyun Hong as head of its Seoul office, the US asset management firm said on Wednesday. Hong ...

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...

KISA launches ASEAN Cyber Shield project for strengthening cyber security

The Korea Internet & Security Agency (KISA) on Monday has announced the launch of the "ASEAN Cyber Shield" project, a major international cooper...

Una Stella secures $4.4 mn pre-Series A funding

South Korean start-up Una Stella announced on Monday that it has secured 5.5 billion won ($4.4 million) in pre-Series A funding, led by Strong Ventu...

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...

Samsung Biologics’ profit near doubles on strong orders

Samsung Biologics Co., the world’s top contract drugmaker, said its profit almost doubled last year thanks to more orders as its sales surged ...

Nibec gets approval for its bone graft biomaterials in Colombia, Mexico

South Korea's bioactive peptide technology company Nibec Co. said on Friday that it has obtained product approval for the sale of two types of denta...

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...

South Korea fines US brokerage $9.6 million for high-frequency trading

South Korea has fined Citadel Securities over 10 billion won ($8.1 million) for disrupting market order through high-frequency trading in the countr...

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...

Celltrion increases its stake in British ADC developer Iksuda

Celltrion Inc. has secured an additional stake in the UK's antibody-drug conjugate (ADC) developer Iksuda Therapeutics.According to Celltrion on Wed...

Hyundai AutoEver secures international safety, health certification

South Korea's mobility software provider Hyundai AutoEver said Wednesday that it has earned the international safety and health management system IS...

SK Hynix unveils industry’s fastest mobile DRAM chip LPDDR5T

SK Hynix Inc., the world’s second-largest memory chipmaker, said on Wednesday it has developed the world’s fastest mobile DRAM chip and ...

Top petrochemical makers secure cash on economic slowdown woes

South Korea's top petrochemical firms raised 2.6 trillion won ($2.1 billion) via corporate bond sales and rights offering earlier this month to gird...

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...

KSOE wins orders for 7 LNG carriers in 1 week

Korea Shipbuilding & Offshore Engineering (KSOE), a mid-level shipbuilding holding affiliate of HD Hyundai Co., has landed successive orders for...

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...

Kolon Global secures patent for Kankan Smart Space technology

South Korea's construction engineering company Kolon Global Corp. said on Monday that it has obtained a technology patent for the multi-purpose syst...

S.Korean brokerage lowers stock forecast for S-Oil over poor prospects

South Korea's Eugene Investment & Securities on Monday cut S-Oil Corp.'s target share price from 140,000 won ($113.5) to 133,000 won due to a lo...

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...