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Companies

  • Banking & Finance

    Meritz to return 50% of net profit to shareholders

    Meritz Financial Group Inc. became the first South Korean financial holding company to unveil a concrete shareholder return plan, pledging to alloca...

    Jul 05, 2024 (Gmt+09:00)

    1 Min read

  • Pension funds

    NPS overweight in beauty, food; chases APR, Samwha higher

    The National Pension Service (NPS) has raised its bets on South Korean beauty and food companies in the second quarter of this year on expectations ...

    Jul 05, 2024 (Gmt+09:00)

    1 Min read

  • Korean chipmakers

    Samsung launches dedicated HBM, advanced chip packaging teams

    Samsung Electronics Co., the world’s largest memory chipmaker, has officially launched a team dedicated to developing advanced high-bandwidth ...

    Jul 05, 2024 (Gmt+09:00)

    3 Min read

  • Korean startups

    Kakao supports startups with cloud services

    Kakao Enterprise, an AI-based cloud solutions service subsidiary of South Korea's Kakao Corp., announced on Thursday that it started the Rocket La...

    Jul 05, 2024 (Gmt+09:00)

    1 Min read

  • Retail

    Lotte Mart renewed Hanoi Store as K-food special

    South Korea's Lotte Mart said on Thursday it renewed its Hanoi Center store into a grocery specialty outlet, catering to the growing demand for Kore...

    Jul 05, 2024 (Gmt+09:00)

    1 Min read

  • Beauty & Cosmetics

    Cosmax mulls building cosmetics factory in Latin America

    Cosmax Inc., South Korea's biggest cosmetics original development and design manufacturer (ODM), is considering building a new offshore plant in Lat...

    Jul 04, 2024 (Gmt+09:00)

    3 Min read

  • Leadership & Management

    SK Square to ramp up chip investment with new CEO

    South Korea’s No. 2 conglomerate SK Group said on Thursday that its investment arm SK Square Co., led by new CEO Han Myung-jin, will ramp ...

    Jul 04, 2024 (Gmt+09:00)

    2 Min read

  • Tech, Media & Telecom

    Liner launches beta service for Academic Mode AI Search

    South Korea's generative AI startup Liner announced on Thursday that it launched a beta service of Academic Mode AI Search, which provides answers b...

    Jul 04, 2024 (Gmt+09:00)

    1 Min read

  • Tech, Media & Telecom

    KT launches Genie TV Tab 3

    South Korea's KT Corp. launched the tablet-type Internet TV device Genie TV Tab 3 on Thursday.The Genie TV Tab 3 can be used to watch live channels ...

    Jul 04, 2024 (Gmt+09:00)

    1 Min read

  • Batteries

    Time to revive innovator spirit: LG Energy Solution CEO

    South Korea’s top battery maker LG Energy Solution Ltd., also the world’s No. 3, must accelerate innovation and prop up fundamentals to ...

    Jul 04, 2024 (Gmt+09:00)

    3 Min read

  • Automobiles

    LG Elec selected as Volkswagen's top supplier

    LG Electronics Inc. was named the top supplier by Germany's Volkswagen Group. According to industry sources on Thursday, LG Electronics received the...

    Jul 04, 2024 (Gmt+09:00)

    1 Min read

  • Korean chipmakers

    Doosan Tesna to invest $160 mn in chip testing plant in Korea

    South Korea’s Doosan Tesna Inc. will build a semiconductor testing factory in the country with an investment of 220.6 billion won ($159.7 mill...

    Jul 04, 2024 (Gmt+09:00)

    1 Min read

  • Insurance

    Kyobo Life, Japan’s SBI to team up on security token, digital finance

    South Korea’s Kyobo Life Insurance Group and Japan’s SBI Group have entered into a strategic business partnership agreement to expand th...

    Jul 04, 2024 (Gmt+09:00)

    2 Min read

  • Airlines

    Air Premia, Alaska Airlines sign interline agreement

    South Korea's Air Premia Inc. announced on Thursday that it partnered with Alaska Airlines, the fifth-largest US carrier, through an interline agr...

    Jul 04, 2024 (Gmt+09:00)

    1 Min read

  • Korean food

    CJ CheilJedang hosts K-food competition in China

    South Korea's CJ CheilJedang Corp. announced on Thursday that it organized the CJ Challenge Live Competition at the 2024 K-Food China Qingdao Intern...

    Jul 04, 2024 (Gmt+09:00)

    1 Min read

  • Electronics

    Samsung Display gets Pantone Validated

    Samsung Display announced on Thursday that its monitors and laptop panels received Pantone Validated and SkinTone Validated. The company said i...

    Jul 04, 2024 (Gmt+09:00)

    1 Min read

  • Korean startups

    Korea’s No. 1 flea market app Karrot expands services across Canada

    Danggeun Market Inc., South Korea’s largest online flea market service provider, is expanding its online used-goods marketplace app Karrot acr...

    Jul 04, 2024 (Gmt+09:00)

    2 Min read

  • Electric vehicles

    Hyundai Motor completes EV ecosystem in Indonesia

    JAKARTA, Indonesia – Hyundai Motor Group has built an electric vehicle hub backed by a complete supply chain from raw materials sourcing to ba...

    Jul 03, 2024 (Gmt+09:00)

    4 Min read

  • Leadership & Management

    AI to drive Mirae Asset's next-phase growth: chairman

    Mirae Asset Group is a pioneer in South Korea’s mutual fund industry. It launched the country’s first equity mutual fund in the wake of ...

    Jul 03, 2024 (Gmt+09:00)

    2 Min read

  • Bio & Pharma

    Kwangdong Pharma acquires stake in Precision Bio

    South Korea's Kwangdong Pharmaceutical announced on Tuesday that it signed a stock purchase agreement to acquire Precision Biosensor Inc., a company...

    Jul 03, 2024 (Gmt+09:00)

    1 Min read

  • Food & Beverage

    BBQ's overseas subsidiary revenue surpasses $72 mn in 2023

    Genesis BBQ Group announced on Wednesday that the revenue of its overseas subsidiaries last year reached 110 billion won ($79.1 million), marking a ...

    Jul 03, 2024 (Gmt+09:00)

    1 Min read

  • Bio & Pharma

    LG Chem launches Synovian in China

    South Korea's LG Chem Ltd. announced on Wednesday that it launched its homegrown new drug for osteoarthritis Synovian (marketed in China as Hyruan O...

    Jul 03, 2024 (Gmt+09:00)

    2 Min read

  • Korean startups

    PhyxUp closes in on pre-seed round with US advance

    PhyxUp Health Inc., an early stage South Korean digital healthcare startup, will soon close a pre-seed funding round, said its founder and chief, wh...

    Jul 03, 2024 (Gmt+09:00)

    4 Min read

  • Bio & Pharma

    Samsung’s biotech duo on a roll with $1.1 bn CMO order

    Samsung Group is on track to rise to the top of biosimilar companies in the world and become South Korea’s largest drug maker for contract man...

    Jul 03, 2024 (Gmt+09:00)

    2 Min read

  • Business & Politics

    AmCham launches young professionals program

    The American Chamber of Commerce in Korea (AmCham) announced on Wednesday the official launch of its Young Professionals Program (YPP), aimed at nur...

    Jul 03, 2024 (Gmt+09:00)

    1 Min read

  • Artificial intelligence

    AI plagiarism detection startup Muhayu eyes IPO in 2026

    South Korean artificial intelligence (AI) startup Muhayu hired Mirae Asset Securities as the lead manager for its initial public offering (IPO) targ...

    Jul 03, 2024 (Gmt+09:00)

    1 Min read

  • Bio & Pharma

    Lotte Biologics targets $1.1 billion in sales with new bio plants

    South Korean biopharmaceutical company Lotte Biologics Co. said on Wednesday it is aiming for 1.5 trillion won ($1.1 billion) in annual sales by 203...

    Jul 03, 2024 (Gmt+09:00)

    3 Min read

  • Machinery

    DN Solutions to build plant, R&D center in India

    DN Solutions, the world's third-largest and South Korea's top machine tool manufacturer, said on Tuesday that it will establish a new plant and rese...

    Jul 03, 2024 (Gmt+09:00)

    1 Min read

  • Automobiles

    Hyundai accelerates EV push in Indonesia with Kona EV

    JAKARTA, Indonesia – Hyundai Motor Co. has built its brand image as a high-end carmaker in Indonesia and controls the country's electric vehic...

    Jul 02, 2024 (Gmt+09:00)

    3 Min read