Department of State

South Korea’s Sejong University has developed a technology to sharply reduce the detection time of biomolecules produced by cells and living o...

KT Cloud Corp., a unit of South Korea’s telecom giant KT Corp., plans to spend up to 2 trillion won ($1.5 billion) over the next three years t...

South Korea’s POSCO Group and Indonesia’s state-run Krakatau Steel plan to jointly invest $3.5 billion in building a blast furnace and a...

South Korea’s leading cloud computing and software services providers are slated to join forces to launch a service for smart working in Korea...

Samsung Electronics Co. on Thursday unveiled an upgraded data storage device that significantly reduces the computer processing time and energy cons...

The chairman and chief executive of French luxury label Louis Vuitton is scheduled to visit South Korea next week and meet with the heads of three m...

Washington D.C. has joined the three US states of California, Virginia and New York to designate Nov. 22 “Kimchi Day,” and has acknowled...

Hyundai Motor Group is expected to receive about $1.6 billion in incentives including tax breaks from Georgia as South Korea’s top automaker i...

Tous les Jours, South Korea’s second-largest bakery franchise, is rapidly expanding its US business by attracting customers with greater varie...

LG Electronics Inc., a leading South Korean home appliance maker, has received ISO certification for its automotive chip development process, includ...

LG Electronics Inc. is poised to set up a new department at Seoul-based Yonsei University to train aspiring artificial intelligence engineers. ...

The merger between South Korea's two largest air carriers – Korean Air Lines Co. Asiana Airlines Inc. – may face a tough challenge in th...

Samsung SDI Co. is poised to become one of the few electric vehicle battery manufacturers in the world to run a pilot production line of all-solid-s...

Korean food is all about ingredients, which alongside various fermentation techniques, have made kimchi a global side dish enjoyed not just as centr...

Naver Corp. is ramping up its recruitment of global talent in artificial intelligence. The South Korean tech giant announced Monday that it h...

Korean investors have injected around A$1.7 billion ($1.2 billion) with a 32-year maturity through senior loans for A$11.1 billion ($8 billion) in t...

Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, has founded an affiliate in Chengdu, the largest trade city in western China, for rai...

Cha Hoon, the former head of real estate investment at Korea Investment Corporation (KIC) is moving to Abu Dhabi’s state holding firm Abu Dhab...

Costa Rican President Carlos Alvarado Quesada has praised South Korean movies such as the Oscar-winning Parasite and drama series such as Squid Game...

"It caused quite a commotion in our industry." This was the common response by cryptocurrency exchange insiders to the news that Dunamu Inc., an ope...

Two decades after the onset of the 1997-98 Asian financial crisis, the state-run Korea Deposit Insurance Corporation (KDIC) is finally set to privat...

State-run utility Korea Electric Power Corp. (KEPCO) and its six subsidiaries declared an aim to cease coal power generation by 2050 in a bid to pla...

Hyundai Motor Co. and Kia Corp. invested in US solid-state battery startup Factorial Energy in a move to secure various technologies for the next-ge...

Global automakers and battery producers are accelerating the development of a next-generation electric vehicle battery, called an all-solid-state ba...

South Korea’s LG Energy Solution Ltd. said on Friday the company and the University of California San Diego have jointly developed a next-gene...

SK Innovation Co. is set to supply batteries for the IONIQ 7, Hyundai Motor Co.’s large electric sport utility vehicle (SUV) to be unveiled in...

A speedy approval by South Korea’s top antitrust regulator of the proposed merger of Korean Air Lines Co. (KAL) and its local rival Asiana Air...

The South Korean government will sell another big chunk of its remaining shares in Woori Financial Group by year's end to finally give up its top sh...

Lotte Shopping Co., South Korea’s top department store operator, is set to acquire Hanssem Co. with IMM Private Equity.IMM PE selected Lotte S...

Korea Post has netted slightly over 1 trillion won ($861 million) from the block sale of its shares in South Korea's largest internet-only lender Ka...