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Corporate strategyHyundai Glovis to spend $6.5 billion, seek M&As for expansion
Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, said on Friday it will spend 9 trillion won (...
Jun 28, 2024 (Gmt+09:00)
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Pension fundsKorea’s military fund taps ex-president of Woori Financial as CIO
South Korea’s Military Mutual Aid Association (MMAA), which managed 10.4 trillion won ($7.5 billion) in assets as of the e...
Jun 28, 2024 (Gmt+09:00)
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Korean chipmakersSouth Korea sets sights on fostering EDA tech to win HBM chip war
In an escalating war in the semiconductor industry, insiders know there’s one technology critical for gaining chip suprema...
Jun 28, 2024 (Gmt+09:00)
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Travel & LeisureS.Korea sees foreign visitors 95% of pre-pandemic
The Korea Tourism Organization (KTO) announced on Friday that the number of foreign tourists visiting South Korea in May was 1.4...
Jun 28, 2024 (Gmt+09:00)
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Future mobilityNaver Whale features in Renault Korea vehicles
South Korea’s homegrown web browser Whale, developed by Naver Corp., will be installed in Renault Korea cars. Naver Cloud...
Jun 28, 2024 (Gmt+09:00)
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BatteriesLG Energy halts Arizona battery plant building on weak EV sector
LG Energy Solution Ltd., the world’s third-largest electric vehicle (EV) cell maker, has suspended construction of a plant...
Jun 28, 2024 (Gmt+09:00)
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EnergyKHNP builds i-SMR operation simulator
Korea Hydro & Nuclear Power (KHNP) announced on Friday that it established a simulator at its central research center to ver...
Jun 28, 2024 (Gmt+09:00)
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Korean startupsHanwha’s Flexell Space to supply satellite solar cell to Terran Orbital
Flexell Space, an in-house space solar cell-developing startup under South Korea’s Hanwha Systems Co., will supply its tan...
Jun 28, 2024 (Gmt+09:00)
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PetrochemicalsLotte Chemical's rating outlook cut on worsening financials
South Korea’s No. 2 petrochemicals maker Lotte Chemical Corp. has taken a hit from a lowered credit-rating outlook of the ...
Jun 28, 2024 (Gmt+09:00)
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Electric vehiclesKT, EV Parking Services to cooperate on electric bus charging
South Korea's KT Corp., South Korea’s largest telecom service provider, announced on Friday that it partnered with EV Park...
Jun 28, 2024 (Gmt+09:00)
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RetailDuty-free stores: Golden goose gone for Korean retailers
South Korea welcomed a record-high number of post-pandemic foreign tourist arrivals for a single quarter in the first three mont...
Jun 28, 2024 (Gmt+09:00)
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EconomyS.Korea’s consumer goods exports to top $100 bn in 2024: KOTRA
South Korea is projected to reap more than $100 billion from selling the country’s consumer goods overseas this year. Expo...
Jun 28, 2024 (Gmt+09:00)
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Korean chipmakersSK Hynix develops SSD for AI PCs to be mass-produced this year
South Korea’s SK Hynix Inc. introduced a solid-state drive (SSD) for on-device artificial intelligence PCs for mass produc...
Jun 28, 2024 (Gmt+09:00)
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Aerospace & DefenseSamsung to send chips into space via Nuri rocket
Samsung Electronics Co. said on Friday that it signed an agreement with the domestic micro-satellite startup Nara Space Technolo...
Jun 28, 2024 (Gmt+09:00)
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Artificial intelligenceUpstage, Amazon to cooperate on AI solutions
Upstage, South Korea’s artificial intelligence startup, announced on Thursday that it signed a multi-year strategic collab...
Jun 28, 2024 (Gmt+09:00)