US calls on 2 S.Korean pharmaceutical companies for swift end to legal battle

Following its lawsuit against Daewoong Pharmaceutical, South Korea's Medytox Inc. is waging an all-out legal war against domestic counterpart Hugel ...

KT CEO Ku Hyeon-mo drops reelection bid as controversy flares

KT Corp. Chief Executive Ku Hyeon-mo has abandoned his ambitious bid to lead South Korea’s largest telecommunications company for another thre...

LG Elec gets vehicle cyber security certification from German agency

LG Electronics Inc., a leading South Korean home appliance maker, said on Monday that it has obtained ISO/SAE 21434 certification for its vehicle co...

Korea’s first ChatGPT-authored, AI-proofread book due this week

ChatGPT has been around for nearly three months and is causing untold chaos across industries and academia.Now, the artificial intelligence chatbot,...

S.Korea to lure global talent with high pay for space agency

South Korea is set to attract global talent with high salaries for a planned government space agency as the country aims to boost long-term growth i...

Webtoon starring Netmarble's girl group MAVE coming soon

Netmarble Corp. announced that the webtoon "MAVE: Another World," based on the virtual girl group, will be available on KakaoPage and Kakao Webtoon ...

Hyundai Elevator's open API sees rapid expansion of participants

Hyundai Elevator Group announced on Tuesday that its open API (application programming interface), which was launched in March last year, has seen r...

KT under pressure for transparency, fairness to pick new CEO, again

  South Korea’s leading telecommunications company KT Corp. will pick a new chief executive after it came under fire over its CEO select...

SK Hynix set for largest-ever corporate bond issue at bargain prices

SK Hynix Inc., the world’s second-largest memory chipmaker, is gearing up for its largest-ever corporate bond issue in South Korea at lower-th...

Korea refiners swing to Q4 loss amid windfall tax calls

South Korean refiners such as SK Innovation Co. and S-Oil Corp. are estimated to incur a combined loss of over 1 trillion won ($800 million) in the ...

LG Electronics honored for resolving consumer complaints

LG Electronics Inc. on Monday said it was named an "excellent business for independently resolving consumer complaints" by the Korea Consumer Agency...

S.Korea's Boryung receives EU GMP certification

South Korean pharmaceutical company Boryung announced that its production facility for anti-cancer injections in Yesan, South Chungcheong Province, ...

Nanodrug maker CEO calls on Yoon government for deregulation

South Korean startups won four out of the 23 Best of Innovation awards at CES 2023, the world’s largest tech show last month. Among the winner...

S.Korea's science minister calls small modular reactors 'game changers'

Minister of Science and ICT Lee Jong-ho on Thursday pledged full support for the development of small modular reactors (SMRs), which he called a "ga...

Samsung executives to be called without seniority title

Rank-and file-employees at Samsung Electronics Co. will call their senior executives without their titles as part of the company’s new human r...

Samsung’s Galaxy Book3 series to take on Apple’s MacBook

In today’s connected world, the ultimate gadget consumers want brings together everything they need at any time, without hassle.Samsung Electr...

SK Geo Centric receives int'l recognition for eco-friendly polymers

SK Geo Centric Co., South Korea's chemical firm, has received the globally recognized "GRS" certification for its eco-friendly polymers, the company...

KT&G refuses activist funds' call for ginseng biz spinoff

KT&G Corp., the world’s fifth-largest tobacco maker, on Thursday refused activist funds' requests to spin off and list its ginseng unit wh...

Stay-in-hotel trend for the holidays revs up luxury hotels

Luxury hotels in South Korea are enjoying the emerging trend of Koreans choosing relaxing vacations at hotels, rather than taking holidays overseas....

Pulmuone builds data sharing cluster for factories

South Korea's major plant-based food company Pulmuone Co. Ltd. said on Monday that it has built a "digital cluster smart factory" that can share, in...

K-pop label SM to increase number of outside directors

South Korea’s SM Entertainment Co. will increase the number of outside directors and ban its chief executive from chairing the board as part o...

FSS to inquire actual use of funds raised by issuing ESG bonds

From now on, companies in South Korea that have raised funds by issuing ESG (environmental, social, and governance) bonds will have to answer questi...

Samsung SDS calls attacks on cloud biggest threat to cyber security

Cloud protection is the top cyber security concern for companies this year, a study says.Samsung SDS Co. on Thursday said this in its report "Top Fi...

Korean apparel retailer F&F to produce global K-pop stars

South Korean outdoor clothing retailer F&F Co. made a foray into the entertainment sector to create a synergy of K-content and fashion, competin...

Korean steelmakers accuse Japanese rivals of product dumping

As Japanese hot-rolled steel plates have flooded into South Korea at even lower prices than those from China, Korean steel manufacturers are consi...

S-1 calls AI video solutions core of this year's AI security market

Access management of facial recognition needs the most improvement this year and artificial intelligence (AI)-based solutions such as intelligent cl...

MyRealTrip launches overseas lodging booking service

Travel app MyRealTrip said Wednesday that it is launching an overseas hotel booking service that allows users to search, book, and pay for more than...

Gmarket launches overseas hotel search service

Gmarket on Thursday say it will launch a customized search service for hotels abroad.Users can input hotel-related keywords into the Gmarket app's s...

Hyundai is not a carmaker but a tech firm: Chairman Chung

Hyundai Motor Group Chairman Chung Euisun has vowed to turn the South Korean automotive giant into a state-of-the-art tech company to lead the pack ...

Com2verse attracts investment of $9.4 million from strategic partners

Com2verse, Com2uS Corp.'s metaverse subsidiary said on Tuesday that it has secured a strategic investment of 4 billion won ($3.1 million) each from ...