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 ...

Profit matters for survival of startups amid investment drought

As venture capitalists tighten their purse strings amid looming recession fears, only startups with killer products that generate profits are well-p...

Korean biopharma, biotech companies scale up as sales balloon

South Korea’s biotech and biopharmaceutical companies are growing big with their sales rising above 1 trillion won ($796 million) last year on...

Doosan Enerbility, Siemens Gamesa join forces for offshore wind power

Major South Korean power plant builder, Doosan Enerbility Co., has entered into a strategic partnership with the world's No. 1 offshore wind power c...

SK Bioscience gets info security management system certification

SK Bioscience Co. said on Tuesday that its Pangyo headquarters and its vaccine production facility L House in Andong, South Korea, have acquired ISO...

South Korea's SK Ecoplant localizes core tech to make ultrapure water

South Korea's SK Ecoplant Co. is expanding its portfolio in the water industry through localizing core technology to produce ultrapure water (UPW), ...

HMM joins UNGC to strengthen ESG management

HMM Co., a South Korean container shipping company formerly known as Hyundai Merchant Marine, said on Monday that it has joined the United Nations G...

Samsung, LG Elec target N.American air conditioner market at trade show

Samsung Electronics Co. and LG Electronics Inc. are vying for the North American market for air conditioners with their cutting-edge solutions in th...

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...

South Korean companies rattled by activist shareholders

South Korea’s major companies are under attack by activist shareholders, who are exerting ever-increasing clout over critical corporate decisi...

SK Ecoplant changes North American corporation name

SK Ecoplant Co., a construction company of S.Korea's SK Group, said on Monday that it would change the name of its North American corporation BETEK,...

LS Electric receives int'l certification for R&D process security

LS Electric Co., a South Korean electric power and automation equipment maker, has achieved a major milestone by obtaining international standard ce...

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, ...

Aekyung commences mass production of eco-friendly plasticizers

Aekyung Chemical, an affiliate of South Korea's Aekyung Group, has begun mass-producing eco-friendly plasticizers derived from recycled waste plasti...

Lotte Ineos Chemical to expand vinyl acetate monomer plant

Lotte Ineos Chemical, South Korea's lone maker of acetic acid and vinyl acetate monomer (VAM), on Monday said it will expand its VAM output capacity...

Lotte Construction develops eco-friendly concrete

Lotte Engineering & Construction has developed eco-friendly concrete that can reduce carbon dioxide emissions by up to 90%. In collaboration wit...

Daewoong receives approval for its GERD drug Fexuclue in Ecuador

Daewoong Pharmaceutical said Friday that it has obtained marketing authorization from Ecuador's National Agency for Health Regulation, Control and S...

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...

NCSOFT lays off 20% of US operation before new game release

NCSOFT Corp., South Korea’s major game developing and publishing company, has recently laid off about 20% of its North American operation, joi...

SK Bioscience climbs two notches in ESG evaluation, receives BBB rating

SK Bioscience Co., a biopharmaceutical arm of South Korea's SK Group, announced it has received a BBB rating in its latest environmental, social, an...

Doosan Bobcat moves into European market with compact tractors

Doosan Bobcat's small tractors for agriculture and landscaping will enter the European market. After entering America's ground maintenance equipment...

LG Uplus, LS Electric partner to support S.Korea's small businesses

LG Uplus Corp., South Korea’s third-largest mobile carrier, said on Friday that it has entered into a partnership with LS Electric Co. to expa...

Korea Shipbuilding & Offshore Engineering ends fears over stock overhang

Korea Shipbuilding & Offshore Engineering (KSOE), a subholding company for shipbuilding, oil refining and machinery conglomerate HD Hyundai Co. ...

Prestige Biopharma submits clinical trial plan in Australia

Prestige Biopharma, a Singapore-based biopharmaceutical company with operations in South Korea and the US,  has applied to the Australian clini...

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...

SK Ecoplant passes industry-first carbon reduction target verification

South Korea's construction and engineering company SK Ecoplant Co. said on Thursday that it has passed the greenhouse gas reduction target verificat...

Jay Park's Won Soju ready to land in United States

"Won Soju" launched by a South Korean rapper Jay Park will be exported to the United States. Liquor company Won Spirits said on Thursday that it has...

Taihan Cable to build ultra-high voltage power grids in Germany

South Korea's Taihan Cable & Solution Co. on Thursday said it won two orders to build high-voltage power grids in Germany.The deals are with Ten...

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...

S.Korea's Woowa Brothers launches professional service robot affiliate

Woowa Brothers, the parent company of South Korea's food delivery app Baedal Minjok, on Wednesday spun off its professional service robot unit into ...