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Aerospace & DefenseKorean aircraft maker KAI earmarks $3.4 bn in R&D investment by 2032
Korea Aerospace Industries Ltd. (KAI), South Korea’s sole military aircraft manufacturer, is set to pour 4.5 trillion won ...
Mar 17, 2023 (Gmt+09:00)
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EconomyS.Korea confirms easing inflation; BOK to hold rate
South Korea confirmed that inflation eased while Asia’s fourth-largest economy continued to slow, adding to expectations t...
Mar 17, 2023 (Gmt+09:00)
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Tech, Media & TelecomLG Elec to spend over $4 bn on capex in 2023, biggest in a decade
LG Electronics Inc. has decided to go bold to widen the technology gap with its rivals, with its biggest capital expenditure in ...
Mar 17, 2023 (Gmt+09:00)
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RegulationsKorea to ease foreign ownership limit rules; MSCI upgrade eyed
South Korea plans to ease regulations that limit foreign ownership of big companies deemed crucial to its economy as the governm...
Mar 17, 2023 (Gmt+09:00)
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EnergySK Oceanplant, Corio team up for offshore wind power
SK Oceanplant, a South Korean offshore wind power subsidiary of SK Ecoplant Co., and Corio Generation, a global offshore wind po...
Mar 17, 2023 (Gmt+09:00)
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Food & BeverageKorea's LifeSemantics establishes health functional food subsidiary
Digital healthcare company LifeSemantics Co. has entered the health functional food business by creating a new subsidiary, Nutra...
Mar 17, 2023 (Gmt+09:00)
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Artificial intelligenceS.Korean startup Jobis&Villains expands to UK with tax return service
Jobis&Villains Corp., a South Korean startup that offers a tax return service called “3o3,” said on Friday that ...
Mar 17, 2023 (Gmt+09:00)
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Mergers & AcquisitionsMBK to acquire Korea’s top FCCL maker NexFlex for $407 mn
MBK Partners agreed to buy NexFlex Co., South Korea’s top flexible copper-clad laminates (FCCL) producer, as the leading N...
Mar 17, 2023 (Gmt+09:00)
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Future mobilityTmap Mobility, SWM to collaborate in autonomous driving area
Tmap Mobility Co., a Korean navigation app company, announced on Friday a business agreement to promote cooperation in autonomou...
Mar 17, 2023 (Gmt+09:00)
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Tech, Media & TelecomS.Korea's Naver gets global compliance certification
South Korea’s top search portal Naver Corp. said on Friday that it had received a global certification for its compliance ...
Mar 17, 2023 (Gmt+09:00)
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Artificial intelligenceUpstage’s AskUp offers Korea’s first GPT-4-powered chatbot service
Upstage, a South Korean AI tech startup, has unveiled a new version of its generative AI chatbot powered by GPT-4, to become the...
Mar 17, 2023 (Gmt+09:00)
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Carbon neutralityHD Hyundai forms S.Korea's first integrated carbon footprint team in shipbuilding
South Korea's HD Hyundai Co. has teamed up with domestic shipbuilders and classification societies to form the first integrated ...
Mar 17, 2023 (Gmt+09:00)
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AirlinesS.Korea's Air Premia to launch Incheon-New York route in May
Air Premia, a South Korean hybrid service carrier, announced on Friday the launch of a new air route between Incheon and Ne...
Mar 17, 2023 (Gmt+09:00)
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RetailKorea's BGF Retail to cut power use with smart devices
BGF Retail, the operator of South Korea’s largest convenience store chain CU, said on Thursday that it had signed a memora...
Mar 17, 2023 (Gmt+09:00)
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Electric vehiclesHyundai Motor, Kia to research EV energy with three universities
Hyundai Motor Co. and Kia Corp. will form a research ecosystem for sustainable electric vehicle (EV) energy with Seoul National ...
Mar 17, 2023 (Gmt+09:00)
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Shareholder activismISS, Glass Lewis urge shareholders to veto activist fund's requests on JB
Proxy advisers Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. are urging shareholders of JB Financial G...
Mar 17, 2023 (Gmt+09:00)
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Business & PoliticsKorean Chips Act set to pass parliament in March; coverage expanded
South Korea’s answer to the US CHIPS and Science Act is on course for National Assembly approval by the end of this month ...
Mar 17, 2023 (Gmt+09:00)
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Tech, Media & TelecomLG Chairman Koo on the hunt for talent to win future technology war
LG Group Chairman Koo Kwang-mo is spearheading South Korea’s fourth-largest conglomerate’s search for top R&D ta...
Mar 17, 2023 (Gmt+09:00)
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EnergyKorea Eximbank teams up with US small nuclear reactor firm
The Export-Import Bank of Korea said on Thursday that it had signed a memorandum of understanding (MOU) with NuScale Power, a US...
Mar 17, 2023 (Gmt+09:00)
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ElectronicsSamsung denies claim of fake moon photo by premium smartphone model
Samsung Electronics Co. has denied that a photo of the moon in the night sky taken by its premium smartphone Galaxy S23 Ultra is...
Mar 17, 2023 (Gmt+09:00)
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Bio & PharmaS.Korea's FutureChem gets approval for phase 3 clinical trials in China
South Korean radiopharmaceutical development company FutureChem Co. announced on Thursday that China's National Medical Products...
Mar 17, 2023 (Gmt+09:00)
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Aerospace & DefenseS.Korea's budget carriers seek expansion via more overseas flights
South Korea's budget carrier Jeju Air Co. on Thursday announced the resumption of flights connecting Incheon to the Vietnamese c...
Mar 17, 2023 (Gmt+09:00)
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RetailHyundai Dept. Store Duty Free to launch metaverse duty-free shop
South Korea's Hyundai Department Store Duty Free announced on Thursday that it had signed a memorandum of understanding (MOU) ...
Mar 17, 2023 (Gmt+09:00)