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Korean chipmakersSamsung Chairman Lee to meet new premier in China
Samsung Electronics Co. Chairman Jay Y. Lee arrived in Beijing on March 23 to review the chipmaker’s business in China, wh...
Mar 24, 2023 (Gmt+09:00)
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Aerospace & DefenseS.Korea to benefit from rising global defense spending
South Korea is expected to log another year of record defense exports in 2023 thanks to growing military budgets across the worl...
Mar 24, 2023 (Gmt+09:00)
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BatteriesLG Energy to build $5.6 billion battery complex in Arizona
LG Energy Solution Ltd., the world’s second-largest battery maker, said on Friday it is investing 7.2 trillion won ($5.6 b...
Mar 24, 2023 (Gmt+09:00)
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Food & BeverageInstant noodle maker Nongshim eyes 3rd plant in US
South Korean instant noodle giant Nongshim Co. is looking to build its third manufacturing plant in the US as the company is see...
Mar 24, 2023 (Gmt+09:00)
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EnergyHanwha to build solar cell components plant in Georgia
South Korea’s Hanwha Advanced Materials Corp. will spend $147 million to build a solar panel components plant in the US st...
Mar 24, 2023 (Gmt+09:00)
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Tech, Media & TelecomSamsung, Aramco to cooperate in using industrial 5G tech
Samsung Electronics Co. and Saudi Aramco announced on Friday the signing of a strategic cooperation memorandum of understanding ...
Mar 24, 2023 (Gmt+09:00)
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RoboticsHyundai Motor, Kia partner with DeepX to develop robotics services
South Korean carmakers Hyundai Motor Co. and Kia Corp. have partnered with DeepX, a domestic startup that specializes in designi...
Mar 24, 2023 (Gmt+09:00)
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Mergers & AcquisitionsHYBE accepts Kakao’s tender offer to exit SM Entertainment
HYBE Co., the largest shareholder of SM Entertainment Co., said on Friday it has accepted Kakao Corp.’s tender offer to se...
Mar 24, 2023 (Gmt+09:00)
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Beauty & CosmeticsS.Korea's Amorepacific opens new space in metaverse
Amidst the accelerated entry of fashion and beauty brands into the metaverse to seize future opportunities, Amorepacific Corp. h...
Mar 24, 2023 (Gmt+09:00)
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MachineryDoosan Bobcat participates in US logistics exhibition under Bobcat brand
Doosan Bobcat, a South Korean manufacturer of construction equipment, announced on Friday that it participated in the ProMat 202...
Mar 24, 2023 (Gmt+09:00)
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Cloud computingKT Cloud, DigitalBridge join hands for data center biz in Korea
KT Cloud Co., the cloud computing unit under South Korea’s second-largest mobile carrier KT Corp., and US infrastructure i...
Mar 24, 2023 (Gmt+09:00)
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Food & BeverageKorea's CJ Freshway promotes waste cooking oil recycling
CJ Freshway, a South Korean food distributor and food service company, announced on Friday that it has partnered with S&D Co...
Mar 24, 2023 (Gmt+09:00)
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AutomobilesHyundai launches 2023 season of HMG Driving Experience Center
Hyundai Motor Group announced the commencement of the 2023 season for its HMG Driving Experience Center, which is the largest of...
Mar 24, 2023 (Gmt+09:00)
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Bio & PharmaUS affiliate of Korea's cell therapy company NK Max eyes NYSE listing in 3Q
NKGen Biotech, the US affiliate of South Korea's natural killer (NK) cell therapy developer NK Max, on Friday said it signed a let...
Mar 24, 2023 (Gmt+09:00)
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EconomyS.Korea's household assets rise to record high in 2022
Average household net assets in South Korea in 2022 increased 10% to a record 456 million won ($350,000) from a year earlier, ...
Mar 24, 2023 (Gmt+09:00)
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The KED ViewJury still out on Korean chipmakers’ tech upgrades in China
When the US Commerce Department announced the guardrail clauses on the CHIPS and Science Act earlier this week, South Korea&rsqu...
Mar 24, 2023 (Gmt+09:00)
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CryptocurrenciesS.Korean crypto fugitive Do Kwon arrested in Montenegro
The fugitive South Korean cryptocurrency mogul Do Kwon, responsible for the more-than-$40 billion crash in the global virtual cu...
Mar 24, 2023 (Gmt+09:00)
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Artificial intelligenceS.Korean startup DeepBrain AI unveils 3D virtual human B2B technology
South Korean AI startup DeepBrain AI has unveiled a 3D virtual human B2B technology that can engage in real-time conversations, ...
Mar 24, 2023 (Gmt+09:00)
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Artificial intelligenceS.Korea's Hancom to apply ChatGPT to Hancom Docs
South Korea's office software developer Hancom Inc. will apply ChatGPT, a generative artificial intelligence (AI) service that a...
Mar 24, 2023 (Gmt+09:00)
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Fiber & TextileCowell Fashion acquires Superdry’s Asia-Pacific IP rights for $50 mn
South Korea's innerwear company Cowell Fashion Co. has acquired the Asian rights to the British fashion brand Superdry for $50 m...
Mar 24, 2023 (Gmt+09:00)
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ElectronicsSamsung's laptop Galaxy Book 3 sees 250% sales growth from predecessor's
Samsung Electronics Co.’s premium laptop PC series Galaxy Book 3 is a global hit since its release last monthIts reception...
Mar 24, 2023 (Gmt+09:00)
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Shipping & ShipbuildingHD Hyundai, Korea Univ. open internship to develop future talent
South Korea's HD Hyundai Co. and Korea University will jointly develop next-generation personnel to lead core business lines of ...
Mar 24, 2023 (Gmt+09:00)
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Bio & PharmaS.Korea's ST Pharm supplies $49 mn worth of APIs to European drug firm
ST Pharm Co., a South Korean pharmaceutical firm, announced on Thursday that it had entered into an agreement to supply oligonuc...
Mar 24, 2023 (Gmt+09:00)
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Beauty & CosmeticsS.Korea's CGBio exports $8 mn filler to Australia, New Zealand
CGBio, a South Korean bio-regenerative medical company, announced on Thursday that it has signed a contract to export its hyalur...
Mar 24, 2023 (Gmt+09:00)