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Corporate restructuringLG to slim down petrochem as Chinese rivals creep up
South Korea’s LG Chem Ltd. is speeding up restructuring efforts to sell or downsize uncompetitive businesses, with an aim ...
Jun 19, 2023 (Gmt+09:00)
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Korean chipmakersSamsung to apply AI, big data tech to entire chipmaking process
Samsung Electronics Co., the world’s largest memory chipmaker, plans to use AI and big data technology in its chipmaking p...
Jun 19, 2023 (Gmt+09:00)
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Real estateSamsung SDS HQ sale likely to be Korea's biggest real estate deal of 2023
The sale of Seoul-based Samsung SDS Co. headquarters, which is likely to become South Korea's largest real estate market deal of...
Jun 19, 2023 (Gmt+09:00)
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Foreign exchangeYen breaches key level vs Korean won to hit 8-year low
The Japanese yen on Monday extended losses against the South Korean won to touch an eight-year low, briefly breaching a psycholo...
Jun 19, 2023 (Gmt+09:00)
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AutomobilesHyundai, KTC jointly open EV charging quality assurance center
Hyundai Motor Group announced on Monday that it held an opening ceremony for the Electric Vehicle Charging Infrastructure Qualit...
Jun 19, 2023 (Gmt+09:00)
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RegulationsS.Korean auditors enjoy sharp pay rise under new laws
The average salary of accountants at Big Four accounting firms in South Korea has more than doubled over the past few years, as ...
Jun 19, 2023 (Gmt+09:00)
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Bio & PharmaSK Chemicals, AZ mark first commercial production of diabetes drugs
South Korea's SK Chemicals has joined forces with global pharmaceutical firm AstraZeneca to initiate commercial production of a ...
Jun 19, 2023 (Gmt+09:00)
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MachineryHanwha Solutions to form industrial complex for chips, auto parts
South Korea's energy service, petrochemical and real estate development company Hanwha Solutions Corp. will build H-Techno Valle...
Jun 19, 2023 (Gmt+09:00)
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Artificial intelligenceMicrosoft defies media report of issues in tie with OpenAI
REDMOND, WASHINGTON – A Microsoft Corp.’s key executive defied a media report that its partnership with OpenAI, the ...
Jun 19, 2023 (Gmt+09:00)
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AutomobilesHyundai Motor's Genesis delivers Korean luxury to Europe
MUNICH – It is always challenging to bring a lesser-known car marque to Europe, home to well-established, globally known b...
Jun 19, 2023 (Gmt+09:00)
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Food & BeverageS.Korea's Daesang acquires US food company Lucky Foods
Daesang Corporation, a South Korean manufacturer of food and pharmaceutical ingredients, announced on Monday that it has acquire...
Jun 19, 2023 (Gmt+09:00)
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ElectronicsSamsung launches collaborative product with illustrator Max Dalton
Samsung Electronics Co. announced on Monday that it has unveiled a special edition of Bespoke Jet Bot AI, collaborative with ill...
Jun 19, 2023 (Gmt+09:00)
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FashionGucci invites S.Korean artist to horsebit 70th anniversary exhibition
The Gucci horsebit loafer, one of the most iconic products of the Italian luxury brand, is celebrating its 70th anniversary. The...
Jun 19, 2023 (Gmt+09:00)
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PetrochemicalsLG Chem to sell $1.6 bn stake in LG Energy to foreign investors
South Korea’s leading chemicals company LG Chem Ltd. is slated to secure about 2 trillion won ($1.6 billion) by selling a ...
Jun 19, 2023 (Gmt+09:00)
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Bio & PharmaHuons’ 2% lidocaine gets approval from FDA
South Korean pharmaceutical firm, Huons Co., announced on Monday that it has secured another significant regulatory milestone in...
Jun 19, 2023 (Gmt+09:00)
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Food & BeverageS.Korea urges ramen makers to cut prices to ease inflation
South Korean instant noodle makers are considering price cuts for the first time in 13 years pressured by the government, which ...
Jun 19, 2023 (Gmt+09:00)
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LogisticsHyundai Glovis acquires logistics automation SW company Altiall
South Korea's leading logistics company Hyundai Glovis Co. announced on Monday that it has signed a stock purchase agreement rel...
Jun 19, 2023 (Gmt+09:00)
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Aerospace & DefenseHanwha Systems joins C-130H airplane modification project
Hanwha Systems Co. announced on Monday that it has been awarded a second contract by the Defense Acquisition Program Administrat...
Jun 19, 2023 (Gmt+09:00)
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Shipping & ShipbuildingS.Korea's shipyards get OK from shipping companies to delay vessel delivery
South Korean shipbuilders are breathing a sigh of relief despite the postponed delivery of their container ships due to a chroni...
Jun 19, 2023 (Gmt+09:00)
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Carbon neutralityPOSCO Future M cut greenhouse gases 8.6% in 2022
South Korea's chemical company POSCO Future M Co. last year lowered greenhouse gases a surprising 8.6% from 2021. Reducing its C...
Jun 19, 2023 (Gmt+09:00)
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RoboticsPOSCO to raise steel plant safety with robots
POSCO Research Institute, a think tank under South Korea’s top steelmaker POSCO Group, on Sunday said it signed an agreeme...
Jun 19, 2023 (Gmt+09:00)