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Electric vehiclesS.Korea fines Tesla $2.2 mn for alleged false advertising
South Korea’s antitrust body has decided to impose a fine of 2.9 billion won ($2.2 million) on Tesla Inc., the world&rsquo...
Jan 03, 2023 (Gmt+09:00)
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Corporate investmentS.Korea Inc. ramps up cash reserves amid economic woes
South Korean companies are rushing to raise cash from the beginning of the new year amid growing concerns over a global economic...
Jan 03, 2023 (Gmt+09:00)
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Electric vehiclesSK Networks completes acquisition of local EV charging platform operator
SK Networks Co., a South Korean general trading firm, said on Jan. 3 it has completed the acquisition of SS Charger Co., a leadi...
Jan 03, 2023 (Gmt+09:00)
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AutomobilesHyundai, Kia aim to outpace industry growth in 2023
The Hyundai Motor Group is aiming to boost sales by 10% this year from 2022, above an estimated single-digit growth in the globa...
Jan 03, 2023 (Gmt+09:00)
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Tech, Media & TelecomSejong kicks off private 5G business for exclusive use for industrial safety
Sejong Telecom, Inc. a mid-sized facilities-based telecommunications business and ICT platform company in South Korea, will la...
Jan 03, 2023 (Gmt+09:00)
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Business & PoliticsKorea proposes bigger tax breaks for chipmakers, key industries
The South Korean government plans to raise tax breaks for facility investments by big companies, including chipmakers, to as muc...
Jan 03, 2023 (Gmt+09:00)
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Korean Innovators at CES 2023Seoul Viosys receives CES Display Innovation Award
Seoul Viosys Co. said on Tuesday that it received the Innovation Award in the display category for a component called "WICOP pix...
Jan 03, 2023 (Gmt+09:00)
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RoboticsSamsung 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 mill...
Jan 03, 2023 (Gmt+09:00)
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EnergyS.Korea's Daehan Green Power invests in energy superstation biz
South Korea's Daehan Green Power has entered the green hydrogen sector, a new growth engine, through an energy super station pro...
Jan 03, 2023 (Gmt+09:00)
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Chemical IndustrySKC's film business units change their names, start anew
SKC Future Materials and SKC Hi-Tech & Marketing, which had newly been established through the spin-off of SKC's industrial ...
Jan 03, 2023 (Gmt+09:00)
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Bio & PharmaCelltrion's Remsima receives approval in 100 countries in 10 years
South Korea's most valuable biopharmaceutical company Celltrion Inc. said on Tuesday that its antibody biosimilar Remsima (ingre...
Jan 03, 2023 (Gmt+09:00)
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Korean chipmakersApplied Materials injects $40 mn in glass substrate maker Absolics
Applied Materials Inc., a global leading equipment and software supplier to semiconductor makers, has invested 51 billion won ($...
Jan 03, 2023 (Gmt+09:00)
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Korean Innovators at CES 2023Samsung to showcase foldable, slidable OLED display
Samsung Display Co. will unveil a new type of organic light-emitting diode (OLED) display panel that can be both folded and slid...
Jan 03, 2023 (Gmt+09:00)
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Bio & PharmaHLB confirms ophthalmic disease treatment in phase 3 clinical trials
South Korea’s biomedicine startup HLB Therapeutics Co. said on Monday that its Neurotrophic Keratopathy (NK) treatment RGN...
Jan 03, 2023 (Gmt+09:00)
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The KED ViewNo holds barred: State support for Samsung, SK Hynix, Hyundai Motor
It couldn’t come at a worse time.South Korea’s exports are set for a 4.5% decline in 2023. So believes the Yoon Suk-...
Jan 03, 2023 (Gmt+09:00)
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Tech, Media & TelecomLG Uplus succeeds in linking open RAN standard equipment
LG Uplus Corp. said on Tuesday that it has succeeded in linking open distributed unit (O-DU) and open RAN (radio access network)...
Jan 03, 2023 (Gmt+09:00)
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Food & BeverageDaesang F&B changes company name to Daesang Dives
A South Korean food and beverage company Daesang F&B changed its name to Daesang Dives, the company said on Monday.Daesang D...
Jan 03, 2023 (Gmt+09:00)
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Tech, Media & TelecomIdeahub to launch new platform for individual investors of patents in Q1
In the next three months, South Korea's Ideahub is poised to launch a platform on which individual investors can also invest in ...
Jan 03, 2023 (Gmt+09:00)
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Corporate bondsKT, E-mart warm up S.Korea's corporate bond market
South Korea's KT Corp. and E-mart Inc. are the frontrunners in the new year's corporate bond demand forecasts, attracting attent...
Jan 03, 2023 (Gmt+09:00)
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WebtoonsNaver, Kakao to hold off M&As to pursue profits
Naver Corp. and Kakao Corp., South Korea’s two leading online platforms, will put on hold acquisition-oriented growth stra...
Jan 03, 2023 (Gmt+09:00)
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Korean gamesS.Korea's gaming industry reaches $15.7 billion in scale
South Korea's game industry in 2021 saw sales of over 20 billion won ($15.7 billion), ranking the country fourth on the global m...
Jan 03, 2023 (Gmt+09:00)
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Korean startupsS.Korean cloud startups get funding despite recession fears
The contraction of South Korea's investment market has not stopped startups specializing in software as a service (SaaS) to attr...
Jan 03, 2023 (Gmt+09:00)
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Food & BeverageNamyang sees big increase in overseas sales of Chupa Chups drink
Namyang Dairy Products is strengthening its presence in the overseas business-to-business (B2B) market through carbonated bevera...
Jan 03, 2023 (Gmt+09:00)
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Food & BeverageK-BBQ brand Mapo Galmaegi signs agreement to get halal certification
South Korean food service enterprise Didim E&F said on Monday that its Korean barbecue brand Mapo Galmaegi signed a business...
Jan 03, 2023 (Gmt+09:00)
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Korean Innovators at CES 20237-Eleven shows off first realistic metaverse store at CES 2023
Convenience store franchiser 7-Eleven said on Tuesday that it would display a new concept metaverse store for the first time i...
Jan 03, 2023 (Gmt+09:00)