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Artificial intelligenceSK Networks looks to triple operating profit by 2026 with AI
SK Networks Co., a South Korean trading and rental company actively investing in tech firms in recent years, will step up its ef...
Feb 16, 2024 (Gmt+09:00)
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Sovereign bondsFed rate cut hopes spur Koreans’ US Treasury bond buying spree
US Treasury bonds are gaining popularity among retail investors in South Korea amid expectations that the US Federal Reserve wil...
Feb 16, 2024 (Gmt+09:00)
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Bio & PharmaSK Biopharm targets $311 mn for Cenobamate US sales
South Korea's SK Biopharmaceuticals targeted 416 billion won ($311 million) for its epilepsy treatment Cenobamate in the US mark...
Feb 16, 2024 (Gmt+09:00)
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EconomyS.Koreans flock to funds, liquid assets out of term deposits
South Korean companies and households flocked to investment funds and short-term deposits in December last year, pulling out of ...
Feb 16, 2024 (Gmt+09:00)
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EconomyKorea's job growth at 10-month high despite weak youth employment
South Korea’s job increases rose for a second straight month to a 10-month high in January thanks to higher employment of ...
Feb 16, 2024 (Gmt+09:00)
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Executive reshufflesKang Shin-ho returns as CJ CheilJedang CEO to revive sagging sales
South Korea’s CJ Group, which operates the country’s largest food and beverage company CJ CheilJedang Corp. and ente...
Feb 16, 2024 (Gmt+09:00)
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Tech, Media & TelecomNaver to develop HyperCLOVA X-based edu service
South Korea’s Naver Corp. announced on Friday that its cloud computing unit Naver Cloud, Daekyo, and NSDevil will co-work ...
Feb 16, 2024 (Gmt+09:00)
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Aerospace & DefenseKAI, Hyundai Rotem start space mobility working group
Korea Aerospace Industries Ltd. (KAI) and Hyundai Rotem Co. announced on Friday that they held a kickoff meeting for a working g...
Feb 16, 2024 (Gmt+09:00)
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Hydrogen economyHyundai Motor to take over Hyundai Mobis' fuel cell business
Hyundai Motor Co. will take over its auto parts and components-producing sibling Hyundai Mobis Co.'s fuel cell business, acceler...
Feb 16, 2024 (Gmt+09:00)
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AutomobilesGenesis G80, GV70 electric models win Canada Car of the Year awards
Hyundai Motor Co. 's premium brand Genesis announced on Friday that its Electrified G80 and Electrified GV70 earned prizes at ...
Feb 16, 2024 (Gmt+09:00)
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Pension fundsKorea's military fund, LIG Nex1, IBK to form $60 mn defense fund
South Korea’s Military Mutual Aid Association (MMAA), a retirement savings fund for military personnel, will create an 80 ...
Feb 16, 2024 (Gmt+09:00)
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AutomobilesS.Korean used cars flow into Russia via Central Asia
Used cars from South Korea are being funneled into Russia via Kazakhstan and Kyrgyzstan, according to automobile industry sour...
Feb 16, 2024 (Gmt+09:00)
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Korean startupsVenture downturn keeps Korean unicorns from acquisitions
South Korean unicorns, or private companies worth $1 billion or more, are increasingly refraining from taking over smaller start...
Feb 16, 2024 (Gmt+09:00)
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Korean foodBBQ opens delivery store in Vietnam
BBQ, a popular South Korean fried chicken brand announced on Friday that it opened its first delivery and takeout store in Vietn...
Feb 16, 2024 (Gmt+09:00)
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Korean chipmakersSamsung wins first 2 nm AI chip order from Japan’s PFN; a snub to TSMC
Samsung Electronics Co., the world’s largest memory chipmaker, has won its first 2-nanometer node artificial intelligence ...
Feb 16, 2024 (Gmt+09:00)
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AutomobilesSouth Korea's car exports to US hit record high in 2023
South Korea’s car exports to the US surged 44.6% on-year to a record high of $32.2 billion in 2023, making up the lion&rsq...
Feb 16, 2024 (Gmt+09:00)