LIG Nex1 to invest $77 million to expand weapons production facility

LIG Nex1 Co., a leading South Korean defense company, said on Thursday it will spend 110 billion won ($77 million) on its production facility expans...

Kakao to challenge Naver, Apple for offline payment services

South Korea’s largest mobile payment app KakaoPay has bought a stake in the country’s No. 1 electronic payment system provider, accordin...

LG Elec., Uplus team up to expand service robot business

South Korea’s home appliance giant LG Electronics Inc. and mobile carrier LG Uplus Corp. will join forces to expand their service robot busine...

Samsung Elec to supply 5G telecom equipment to Comcast

Samsung Electronics Co., South Korea’s tech behemoth, agreed to supply 5G telecommunication equipment to US media giant Comcast Corp.Samsung s...

Korean warehouse project financing on brink of debt crisis

Warehouse development projects in South Korea, which boomed amid COVID-19, are facing challenges such as suspension of construction projects and ban...

LG's 5G backup system installed in AWS cloud platform

LG Uplus Corp., a South Korean internet service provider, said on Tuesday that it has installed its 5G mobile backup network system in the cloud com...

SK Broadband develops green, efficient network technology

South Korea's internet service provider SK Broadband Co. has developed optical communications technology that simultaneously provides differing degr...

Korea unveils autonomous driving, commercial drone service roadmap

South Korea aims to launch advanced autonomous driving, commercial drone and other urban air mobility services by 2025, as the country strives to be...

Kakao Mobility, Hyundai to launch pilot robotaxi service by year-end

Kakao Mobility Corp., which runs South Korea’s most popular taxi-hailing app, and top Korean automaker Hyundai Motor Co. have agreed to launch...

CJ OliveNetworks to expand fandom platform services

CJ OliveNetworks Co., a South Korean digital software developer, has joined hands with bemyfriends, a startup specializing in the global K-pop fando...

LG Group revs up EV charging businesses to lead burgeoning sector

LG Group affiliates, notably LG Electronics Inc. and LG Uplus Corp., are entering the electric vehicle (EV) charging business in full force. In...

Kolmar Korea to enter $22 billion UAE Halal cosmetics market

Kolmar Korea Co., a supplier to global cosmetics brands such as Estee Lauder, is set to enter the 30 trillion won ($22 billion) Halal beauty market ...

Hancom to focus on cloud computing and AI services

South Korea’s homegrown software giant Hangul and Computer Group, also known as Hancom Inc. Group, is slated to transform itself into a cloud ...

MBK’s talks to buy S.Korean education platform falter

MBK Partners’ talks to buy a controlling stake in South Korea’s MegaStudyEdu Co. have collapsed, the company said on Friday, a deal esti...

South Korea’s tech giants bolster short-form video content services

South Korea’s tech behemoth Naver Corp. is poised to strengthen its short-form content service on surging demand for video content that is les...

S.Korea mulls public survey to decide on BTS' military service exemption

The issue of allowing K-pop megaband BTS to fulfill alternative service to active military duty resurfaced again on Thursday, with government offici...

Korean teens prefer TikTok over KakaoTalk, says survey

South Korean teens appear to prefer to do their social networking on TikTok over KakaoTalk, as short-form videos surge in popularity worldwide. ...

Korea wins $2.25 bn deal to build Egypt's 1st nuclear power plant

Korea Hydro and Nuclear Power Co. (KHNP) has received a 3 trillion won ($2.25 billion) order to construct turbine islands under the El-Dabaa nuclear...

Korea targets Tesla, imported EVs with new subsidy policy

South Korea is planning to set up a new subsidy policy for electric vehicle purchases, which will be commensurate to the EV makers’ after-sale...

Activist fund steps up pressure for SM Ent's governance reform

Align Partners Capital Management, a South Korean activist fund, has threatened legal action against entertainment behemoth SM Entertainment Co., re...

LG, KT join forces to launch next-generation service robots

South Korea’s leading telecommunications company KT Corp. has partnered with LG Electronics Inc. to develop and launch next-generation custome...

Korean e-scooter platforms diversify to survive

South Korean shared electric scooter platforms are taking over their smaller rivals or entering new markets as beefed-up safety guidelines on two-wh...

Korea Ginseng Corp. intensifies marketing efforts in the UAE

South Korea’s Korea Ginseng Corp. (KGC) said on Tuesday it recently hosted its second annual conference for large retail pharmacy chains in th...

Kakao to bolster open chat, ad services for growth

South Korea’s leading online platform operator Kakao Corp. on Thursday unveiled plans to bolster its open chat and advertising businesses to a...

DeFi platform Neopin unveils plan for Web 3.0, NFT, multichain services

Blockchain firm Neopin announced its strategy to strengthen its foothold in the global DeFi Market on Thursday with four keywords: Web 3.0, multicha...

SK Telecom launches NFT marketplace open beta service

South Korea’s top mobile carrier SK Telecom Co. launched an open beta service of its non-fungible tokens (NFTs) marketplace TopPort as the com...

Popular app operators in South Korea race to create super apps

App operators in South Korea are in stiff competition to create super apps – as clear winners have emerged in different business sectors.The d...

Seoul leans toward alternative military service for BTS

South Korea is leaning toward allowing the K-pop boy band BTS to fulfill alternative service instead of active military duty, the country’s mi...

LX Pantos mulls Air Premia acquisition to facilitate global logistics service

LX Pantos Co., the logistics unit of South Korea’s LX Group, is looking to acquire a controlling stake in local budget carrier Air Premia Co.,...

Hyundai Motor to buy Korean self-driving startup 42dot

South Korea’s top carmaker Hyundai Motor Group is set to purchase autonomous driving startup 42dot, intensifying the automaker’s competi...