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Companies

  • Electronics

    LG Elec OLED evo TV tops in 14 countries

    LG Electronics Inc. announced that its premium lineup LG OLED evo TVs achieved first place in performance evaluations by consumer media outlets in...

    Jul 22, 2024 (Gmt+09:00)

    1 Min read

  • Corporate restructuring

    Doosan Robotics to merge with Doosan Bobcat by early 2025

    Doosan Robotics Inc. will complete a merger with Doosan Bobcat Inc. by early next year, a move aimed at prodding Bobcat to take an active role in ex...

    Jul 21, 2024 (Gmt+09:00)

    3 Min read

  • Automobiles

    Genesis GV80 global sales hit record high in Jan-June 2024

    The sport utility vehicle GV80 under Hyundai Motor Co.'s premium Genesis brand recorded its highest half-year sales in the first half of this year, ...

    Jul 21, 2024 (Gmt+09:00)

    1 Min read

  • Corporate strategy

    Lotte leader Shin Dong-bin stresses pivot to AI-centered innovation

    Shin Dong-bin, chairman of South Korea’s retail, food and chemicals conglomerate Lotte, on Friday urged affiliate executives to ramp up effort...

    Jul 19, 2024 (Gmt+09:00)

    3 Min read

  • Electronics

    LG UltraGear selected as official gaming monitor of EWC

    LG Electronics Inc. announced on Friday that its UltraGear gaming monitors were selected as the official monitors of the eSports World Cup (EWC), th...

    Jul 19, 2024 (Gmt+09:00)

    1 Min read

  • Alternative investments

    Shinhan Securities, Stockeeper to cooperate on STO

    South Korea's Shinhan Securities announced on Friday that it signed a memorandum of understanding (MOU) with Stockeeper on Thursday to promote a sec...

    Jul 19, 2024 (Gmt+09:00)

    1 Min read

  • Batteries

    SK ties up with BlackRock-backed Korean startup for EV chargers

    SK Signet Inc., South Korea’s electric vehicle charger manufacturer, joined hands with a local renewable energy startup backed by global asset...

    Jul 19, 2024 (Gmt+09:00)

    1 Min read

  • Automobiles

    Chevrolet All New Colorado's initial volume sold out in S.Korea

    GM Korea Co., the South Korean unit of US auto giant General Motors Co., announced on Friday that its pickup truck Chevrolet All New Colorado, with ...

    Jul 19, 2024 (Gmt+09:00)

    1 Min read

  • Food & Beverage

    Pulmuone's Tofu Bar sold 70 mn units in Japan

    Asahiko, the Japanese subsidiary of South Korea's Pulmuone, announced on Friday that its protein snack Tofu Bar has sold more than 70 million units ...

    Jul 19, 2024 (Gmt+09:00)

    1 Min read

  • Korean startups

    S.Korea's early stage VC funding down amid dearth of targets

    Early stage startup funding has plummeted in South Korea as venture capitalists shifted to late-stage venture firms with stable business models amid...

    Jul 19, 2024 (Gmt+09:00)

    4 Min read

  • Electric vehicles

    Hyundai Mobis unveils airbags for purpose-built vehicles

    Hyundai Mobis Co., the world’s sixth-largest auto parts maker, on Thursday unveiled the industry’s first airbags for purpose-built vehic...

    Jul 19, 2024 (Gmt+09:00)

    2 Min read

  • Retail

    Struggling Korean retail stores lick Dubai chocolate, Dippin' Dots

    Back in 2022 when the COVID-19 pandemic was rampant, South Korea’s convenience stores (CVs) saw their sales fly high as people dropped by smal...

    Jul 19, 2024 (Gmt+09:00)

    3 Min read

  • Tech, Media & Telecom

    SK Telecom identifies illegal drones using AI

    South Korea's SK Telecom Co. announced on Thursday that it developed a communication and AI-integrated module to catch illegal drones using artifici...

    Jul 19, 2024 (Gmt+09:00)

    1 Min read

  • Banking & Finance

    NH Investment selected as UN GCF manager

    South Korea's NH Investment & Securities announced on Thursday that it was selected as the first Asian securities firm to manage the Climate Tec...

    Jul 19, 2024 (Gmt+09:00)

    1 Min read

  • Artificial intelligence

    LG to foster smart factory business as new B2B growth driver

    PYEONGTAEK, Gyeonggi Province -- LG Electronics Inc., the leading global home appliance maker, aims to foster its smart factory business as a new gr...

    Jul 18, 2024 (Gmt+09:00)

    3 Min read

  • Korean chipmakers

    Samsung sets sights on next-generation memory CXL DRAM

    South Korean tech giant Samsung Electronics Co. is setting its sights on next-generation memory technology, dubbed CXL, to lead the artificial intel...

    Jul 18, 2024 (Gmt+09:00)

    2 Min read

  • Leadership & Management

    Hanwha Group to expand stock compensation to team chiefs

    South Korea’s No. 7 conglomerate Hanwha Group will expand its restricted stock units (RSUs) to encourage employee interest in the company&rsqu...

    Jul 18, 2024 (Gmt+09:00)

    1 Min read

  • Robotics

    POSCO DX to focus on AI-led intelligent factory systems

    POSCO DX Co., an IT service arm of South Korea’s POSCO Group, will transform into an AI-enabled intelligent factory system developer to automa...

    Jul 18, 2024 (Gmt+09:00)

    2 Min read

  • Banking & Finance

    Samsung Asset publishes brokerage ISA guidebook

    South Korea's Samsung Asset Management announced on Thursday that it newly published the KODEX Brokerage ISA Investment Guidebook for individual inv...

    Jul 18, 2024 (Gmt+09:00)

    1 Min read

  • Companies

    Kumho Tire to sponsor Eintracht Frankfurt

    South Korea's Kumho Tire Co. announced on Thursday that it signed a three-year strategic partnership agreement with Eintracht Frankfurt, Germany's B...

    Jul 18, 2024 (Gmt+09:00)

    1 Min read

  • Mergers & Acquisitions

    TeamSparta acquires Weplanet

    South Korea's coding education startup TeamSparta Inc. said on Thursday that it acquired the domestic software development firm Weplanet to expand i...

    Jul 18, 2024 (Gmt+09:00)

    1 Min read

  • Fashion

    F&F to expand Discovery clothing business across Asia

    F&F Co., a South Korean clothing company, has secured exclusive rights to use the Discovery Channel brand across Asia to reinvent the documentar...

    Jul 18, 2024 (Gmt+09:00)

    2 Min read

  • Electronics

    Slimming wars: Samsung aims to launch 7 mm foldable smartphone

    When Samsung Electronics Co. unveiled its latest iteration of foldable smartphones – the Galaxy Z Flip6 and the Z Fold6 – at the Unpacke...

    Jul 18, 2024 (Gmt+09:00)

    3 Min read

  • Food & Beverage

    Bibigo releases 3D ad in New York Times Square

    CJ CheilJedang Corp.'s Korean food brand Bibigo announced on Thursday that it launched a large-scale outdoor 3D advertisement for the Bibigo brand i...

    Jul 18, 2024 (Gmt+09:00)

    1 Min read

  • Bio & Pharma

    GC Biopharma sells HK subsidiary to CR Pharm Group for $254 mn

    South Korea’s GC Biopharma Corp. announced on Wednesday that it signed a share purchase agreement (SPA) to sell all its shares in its Hong Kon...

    Jul 18, 2024 (Gmt+09:00)

    1 Min read

  • Tech, Media & Telecom

    KT introduces 10 GB Combo Internet

    South Korea's KT Corp. announced on Wednesday that it introduced Combo Internet technology to its network, enabling the provision of 10-gigabit Inte...

    Jul 18, 2024 (Gmt+09:00)

    1 Min read

  • Robotics

    Hyundai to unveil wearable device for car manufacturing

    Hyundai Motor Group, the world’s third-largest automaker, plans to unveil a wearable device for car manufacturing designed to improve producti...

    Jul 17, 2024 (Gmt+09:00)

    1 Min read

  • Korean startups

    Hana Bank, SK Telecom to support AI startups

    South Korea's Hana Bank and SK Telecom Co. held the final selection and inauguration ceremony for the second AI Startup Accelerator BootCamp at Spar...

    Jul 17, 2024 (Gmt+09:00)

    1 Min read

  • Bio & Pharma

    Celltrion's Remsima SC breaks 20% market share in Europe

    South Korea's biopharmaceutical company Celltrion Inc. said on Wednesday that its subcutaneous autoimmune disease treatment Remsima SC has surpassed...

    Jul 17, 2024 (Gmt+09:00)

    1 Min read