Seoul to back AI computing, solid state batteries first with National Growth Fund

South Korea has picked seven projects from AI computing to all-solid-state batteries as the first recipients of capital from its 150 trillion won ($...

South Korean biotech firms poised for gains from US BIOSECURE Act

Expectations are growing that South Korean biotechnology companies, particularly drug contract manufacturers, will see increased orders as a sweepin...

South Korean won weakens past 1,480 per dollar, lowest in 8 months

South Korea’s won weakened past the 1,480 per dollar in intraday trade on Wednesday, reaching its weakest point in about eight months as forei...

Hyundai taps Porsche, BMW-bred Manfred Harrer as R&D chief in sweeping leadership shake-up

South Korea’s top automaker Hyundai Motor Group is replacing the heads of both hardware and software development in its boldest executive resh...

Seoul taps Mirae Asset's Park, Celltrion's Seo to co-lead $102 bn National Growth Fund

South Korea has asked two of its most prominent billionaire entrepreneurs – Mirae Asset Group Chairman Park Hyeon-joo and Celltrion founder Se...

Samsung debuts its 1st tri-fold phone, redefining multitasking and portability

Samsung Electronics Co. on Tuesday launched its first tri-fold phone, the Galaxy Z TriFold, which outsmarts its latest dual-fold Galaxy Z Fold7 and ...

CHA Bio Group acquires Kakao Healthcare to advance into AI-based digital health segment

CHA Bio Group, the parent of CHA Biotech Co., South Korea’s leading stem cell therapeutics developer, has agreed to acquire control of Kakao H...

Korean securities firms' IMA rollout to unlock additional $14 bn in risk capital by 2028

South Korea’s push to expand retail access to investment banking products, particularly through investment management accounts (IMAs) and shor...

Korea’s homegrown PEFs locked in at home, with overseas deals at mere 6%

South Korea’s private equity firms, long rooted in post-crisis restructuring and domestically focused buyouts, are hitting structural limits a...

IGIS bid narrows to two-way race between Hanwha, Heungkuk

The race to acquire IGIS Asset Management Co., South Korea’s largest real estate asset manager, has narrowed to Hanwha Life Insurance Co. and ...

S.Korea gets Trump nod for Hanwha to make nuclear-powered submarines in Philly Shipyard

Donald Trump has approved South Korea’s long-sought plan to build nuclear-powered submarines, a move that could transform Korea’s naval ...

Nvidia’s Huang to join Samsung, SK, Hyundai chiefs for government-led AI talks

Nvidia Corp. Chief Executive Officer Jensen Huang is set to meet with South Korean government officials and the heads of Samsung Electronics Co., SK...

BTS Movie Weeks heats up global box office, draws 940,000 viewers worldwide

BTS has once again proved their global power at the box office, drawing nearly one million fans to theaters around the world through BTS Movie Weeks...

From screen to shelf: Netflix launches KPop Demon Hunters dolls, game

Netflix is expanding the world of KPop Demon Hunters beyond the screen, teaming up with global toy giants Mattel and Hasbro to bring the franchise&r...

Samsung to invest $110 mn in Grail to bring early-cancer test to Asia

Samsung Electronics Co. and Samsung C&T Corp. will invest $110 million in US biotech firm Grail Inc., marking one of the South Korean conglomera...

K-beauty exports surge in Q3, heading for a full-year record; destinations diversified to 205 nations

South Korea’s cosmetics exports are on track to hit another record high this year, powered by surging global demand and a widening market reac...

South Korean banks turn to India as post-China growth frontier

South Korea’s top commercial banks are stepping up their presence in India, betting on the world’s most populous nation as global invest...

China’s young consumers drive Korean health supplement boom

South Korea’s exports of health functional food or health supplements have surged sharply in recent months, fueled by Chinese millennials and ...

Seoul considers Korean version of IRA tax credit to offset US tariff impact

South Korea is considering introducing production tax credits for domestic companies hit by US tariffs, in a move analysts describe as a de facto su...

S.Korea offers unlimited currency swap with US amid pressure over $350 bn fund

South Korea has proposed an unlimited currency swap with the US to fulfill its pledge to form a $350 billion US investment fund, but the offer faile...

S.Korea to scale up National Growth Fund to $110 bn with high-tech focus

South Korea will scale up the National Growth Fund to 150 trillion won ($110 billion) from the originally planned 100 trillion won to accelerate inv...

South Korea overtaken by Taiwan in monthly exports, weighed down by US tariffs

Taiwan’s monthly exports have overtaken South Korea’s overseas shipments for the first time, indicating the diverging fortunes of Asia&r...

Korean stock surge drives 4.08% return for National Pension Service in H1

The National Pension Service (NPS), the world's third-largest pension scheme, posted a 4.08% return on investment in the first half of this year, wi...

KPop Demon Hunters tops North American box office with $18 mn weekend

Netflix’s animated film K-Pop Demon Hunters pulled off an unlikely feat over the weekend: it shot straight to No. 1 at the North American box ...

BTS concert films to screen in 2,000 theaters worldwide

BTS is bringing some of their most unforgettable concerts to the big screen, offering fans around the world a chance to relive the excitement of the...

S.Korean President Lee to meet KPop Demon Hunters director Maggie Kang, TWICE

South Korean President Lee Jae Myung will meet with Maggie Kang, director of the Netflix animated feature KPop Demon Hunters, along with K-pop girl ...

Naver, LG, SK, NC, Upstage named to build S.Korea’s sovereign AI model to challenge ChatGPT

South Korea has chosen five technology firms, including LG, Naver and SK Telecom Co., to spearhead the country’s flagship sovereign AI initi...

SK Innovation to merge SK On with SK Enmove to boost financial health

SK Innovation Co., an intermediary holding company of South Korea's No. 2 business group, said on Wednesday it will merge SK On Co. with SK Enmove C...

S.Korea’s ruling party gears up for won-based stablecoin legislation

South Korea’s push to launch won-based stablecoins is taking shape as the ruling Democratic Party unveiled proposed legislation to promote cry...

K-beauty craze sends Olive Young online sales to new heights

CJ Olive Young Corp., South Korea’s top beauty store chain, is another beneficiary of the global K-beauty surge, with its online cosmetics sal...