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Korean startups
Kakao supports startups with cloud services
Kakao Enterprise, an AI-based cloud solutions service subsidiary of South Korea's Kakao Corp., announced on Thursday that it started the Rocket La...
Jul 05, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Liner launches beta service for Academic Mode AI Search
South Korea's generative AI startup Liner announced on Thursday that it launched a beta service of Academic Mode AI Search, which provides answers b...
Jul 04, 2024 (Gmt+09:00)
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Korean startups
Korea’s No. 1 flea market app Karrot expands services across Canada
Danggeun Market Inc., South Korea’s largest online flea market service provider, is expanding its online used-goods marketplace app Karrot acr...
Jul 04, 2024 (Gmt+09:00)
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Artificial intelligence
AI plagiarism detection startup Muhayu eyes IPO in 2026
South Korean artificial intelligence (AI) startup Muhayu hired Mirae Asset Securities as the lead manager for its initial public offering (IPO) targ...
Jul 03, 2024 (Gmt+09:00)
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Bio & Pharma
Lotte Biologics targets $1.1 billion in sales with new bio plants
South Korean biopharmaceutical company Lotte Biologics Co. said on Wednesday it is aiming for 1.5 trillion won ($1.1 billion) in annual sales by 203...
Jul 03, 2024 (Gmt+09:00)
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Artificial intelligence
Korea's LG Uplus aims for $1.4 bn in B2B AI sales by 2028
South Korea’s leading mobile carrier LG Uplus Corp., which is set to unveil its first artificial intelligence chip by the end of this year, ai...
Jul 02, 2024 (Gmt+09:00)
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Electronics
Samsung Electronics tops in S.Korea's after-sales service
Samsung Electronics Service, a service subsidiary of Samsung Electronics Co., announced on Tuesday that it topped all categories - home applia...
Jul 02, 2024 (Gmt+09:00)
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Cloud computing
AhnLab launches integrated cloud service corporation
South Korea's AhnLab Inc. announced on Monday that it launched an integrated corporation named AhnLabCloudMate to oversee its cloud operation and ...
Jul 02, 2024 (Gmt+09:00)
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League table
UBS tops Korea’s M&A advisor list on Asiana, Affinity deals
UBS Group AG topped the South Korean mergers and acquisitions (M&A) league table in the second quarter as the global investment bank worked on m...
Jul 01, 2024 (Gmt+09:00)
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Robotics
LG Elec launches CLOi robot subscription service
LG Electronics Inc. announced on Monday that it launched its Robot as a Service (RaaS) with CLOi robots starting this month.Business-to-business (B2...
Jul 01, 2024 (Gmt+09:00)
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Corporate strategy
Hyundai 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 ($6.5 billion) throug...
Jun 28, 2024 (Gmt+09:00)
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Future mobility
Naver 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 announced on Friday...
Jun 28, 2024 (Gmt+09:00)
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Electric vehicles
KT, 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 Parking Services (EVPS) ...
Jun 28, 2024 (Gmt+09:00)
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Corporate governance
Woori adopts Samsung culture index for internal controls
Woori Financial Group has adopted Samsung Electronics Co.'s Samsung Culture Index (SCI) to tighten its internal controls, which will be given more w...
Jun 25, 2024 (Gmt+09:00)
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Corporate bonds
Hanwha Life Financial Services gets A+ credit rating
South Korea's Hanwha Life Financial Services said on Tuesday it received an A+ (Stable) credit rating from Korea Ratings, becoming the first domes...
Jun 25, 2024 (Gmt+09:00)
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Food & Beverage
HiteJinro invests in table order service startup
HiteJinro Co., South Korea’s largest soju maker, announced on Monday that it invested in a stake in the table order service startup TMR Founde...
Jun 24, 2024 (Gmt+09:00)
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Food & Beverage
Fried chicken chain bhc adds two more stores in Thailand
South Korean fried chicken chain bhc Chicken announced on Monday that it opened its fifth and sixth stores in Thailand.The number of stores has incr...
Jun 24, 2024 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus to unveil quantum proof solution Alphakey
South Korea's LG Uplus Corp. announced on Monday that it will unveil its new integrated account management solution for cloud services Alphakey at Q...
Jun 24, 2024 (Gmt+09:00)
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Tech, Media & Telecom
KT to make AI, media-focused reshuffle in July
KT Corp., South Korea’s largest telecom service provider, is slated for an organizational reshuffle next month to reinforce its business-to-bu...
Jun 21, 2024 (Gmt+09:00)
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Robotics
Yogiyo to begin autonomous robot delivery tests in August
Yogiyo, South Korea’s second-largest food delivery app, announced on Friday that it will begin outdoor autonomous robot delivery tests in Song...
Jun 21, 2024 (Gmt+09:00)
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Airlines
South Korea-Japan air travelers soar to 10 mn in first five months
The number of air passengers traveling between South Korea and Japan has surpassed 10 million in the first five months of this year, setting a new r...
Jun 21, 2024 (Gmt+09:00)
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Artificial intelligence
LG CNS gets AWS Generative AI Competency
LG CNS Co., a cloud computing services arm of South Korea's LG Corp., announced on Wednesday that it achieved the AWS Generative AI Competency from ...
Jun 19, 2024 (Gmt+09:00)
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Insurance
Kyobo Life gets Moody's A1 credit rating for 10 consecutive years
South Korea's Kyobo Life Insurance Co. announced on Tuesday that it has received an A1 (stable) insurance financial strength rating from Moody's Rat...
Jun 18, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Korea issues $10.75 bn in refund guarantees to shipbuilders
South Korean banks and state-run financial institutions will issue $10.75 billion worth of refund guarantees (RGs) to domestic shipbuilders, which t...
Jun 17, 2024 (Gmt+09:00)
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Artificial intelligence
Korea’s SK Telecom, Moloco join hands for AI ad platform
SK Telecom Co., South Korea’s top mobile carrier, has teamed up with Moloco Inc., a Silicon Valley-based ad-tech solution startup, for the glo...
Jun 17, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung to launch 3D HBM chip packaging service in 2024
SAN JOSE -- Samsung Electronics Co. will launch three-dimensional (3D) packaging services for high-bandwidth memory (HBM) within the year, a te...
Jun 16, 2024 (Gmt+09:00)
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Business & Politics
Hyundai Rotem wins express train supply deal from Uzbekistan
Hyundai Rotem Co., a South Korean rolling stock and defense equipment maker, has secured a 270 billion won ($196 million) order from Uzbekistan to s...
Jun 14, 2024 (Gmt+09:00)
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Airlines
Asiana's cargo unit to be sold for $362 mn to Air Incheon
South Korean flag carrier Korean Air Lines Co. has tapped Air Incheon, a local airline dedicated to cargo business, as the preferred bidder to acqui...
Jun 14, 2024 (Gmt+09:00)
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Batteries
Hyundai, LG Energy to jointly develop EV battery swapping service
South Korea’s Hyundai Motor Co. will join forces with the world’s leading battery maker LG Energy Solution Ltd. to launch electric vehic...
Jun 13, 2024 (Gmt+09:00)
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E-commerce
Coupang fined $102 mn for alleged search algorithm manipulation
Coupang Inc., South Korea’s largest e-commerce platform, was fined 140 billion won ($102 million) on Thursday for allegedly manipulating searc...
Jun 13, 2024 (Gmt+09:00)