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Companies

  • Tech, Media & Telecom

    LG to inject $700 million in startups in West Virginia

    CHARLESTON, WV – LG Electronics Inc. will form a fund with the State of West Virginia to inject $700 million over the next five years to foste...

    Jan 04, 2024 (Gmt+09:00)

    2 Min read

  • Shipping & Shipbuilding

    S.Korea steps up probe on alleged submarine tech leaks to Taiwan

    South Korea stepped up an investigation into alleged technology leaks of a submarine developed by Daewoo Shipbuilding & Marine Engineering Co. t...

    Jan 03, 2024 (Gmt+09:00)

    4 Min read

  • IPOs

    DN Solutions seeks IPO at $3 bn enterprise value on Korea’s main bourse

    DN Solutions Co., formerly Doosan Machine Tools Co., is seeking an initial public offering on South Korea’s main bourse, aiming to make a Kosp...

    Jan 03, 2024 (Gmt+09:00)

    2 Min read

  • Korean startups

    Korean semiconductor startups shine in venture downturn

    South Korean startups in the semiconductor, eco-friendly and electric vehicle battery sectors succeeded in attracting investors in the second half o...

    Jan 03, 2024 (Gmt+09:00)

    4 Min read

  • Korean startups

    Digital healthcare, robot, AI chip startups among VCs’ 2024 top picks

    Startups that specialize in digital healthcare, robots and artificial intelligence chips are among South Korea-based venture capital firms’ to...

    Jan 03, 2024 (Gmt+09:00)

    4 Min read

  • Korean games

    Nexon fined over MapleStory in-game item selling

    South Korea’s online game developer Nexon Korea Corp. was fined 11.6 billion won ($8.9 million) for allegedly misleading its customers over in...

    Jan 03, 2024 (Gmt+09:00)

    2 Min read

  • Electronics

    LG OLED TV named Best TV in US

    LG Electronics Inc. 's organic light emitting diode (OLED) evo 65G3 was named as Best TVs Overall in the Consumer Reports' Best TVs of 2024, accordi...

    Jan 03, 2024 (Gmt+09:00)

    1 Min read

  • Leadership & Management

    POSCO Holdings’ Chairman Choi to hand over baton

    POSCO Holdings Inc.'s Chairman Choi Jeong-woo is not among the company’s next CEO candidates, suggesting Choi will leave the company after ser...

    Jan 03, 2024 (Gmt+09:00)

    4 Min read

  • Advertising & Marketing

    Innocean establishes social marketing subsidiary

    Innocean Worldwide Inc., the global marketing communications arm of Hyundai Motor Group, announced on Wednesday that it has established its social m...

    Jan 03, 2024 (Gmt+09:00)

    1 Min read

  • Bio & Pharma

    Medytox establishes US subsidiary Luvantas

    South Korean pharmaceutical company Medytox Inc. announced on Wednesday that its establishment of the US subsidiary Luvantas.The goal is the global ...

    Jan 03, 2024 (Gmt+09:00)

    1 Min read

  • Artificial intelligence

    S-1 sees facial recognition AI as core trend in 2024

    South Korea's system securities provider S-1 Corp. has forecasted a significant rise in the demand for AI-powered security solutions this year, pr...

    Jan 03, 2024 (Gmt+09:00)

    1 Min read

  • Korean innovators at CES 2024

    Samsung to unveil new Odyssey gaming monitors at CES

    Samsung Electronics Co. announced on Wednesday that it will unveil new Odyssey OLED gaming monitors at CES 2024, the world's largest IT and consum...

    Jan 03, 2024 (Gmt+09:00)

    1 Min read

  • Korean startups

    Sendbird aims to fly even higher, above 300 million

    Founded in 2013, Sendbird, a customizable in-app communications platform used by more than 300 million active users monthly, is still hungry for mor...

    Jan 03, 2024 (Gmt+09:00)

    2 Min read

  • Leadership & Management

    Mirae Asset chair to donate subsidiary shares to charity

    Mirae Asset Group founder and Chairman Park Hyeon-joo will donate a 25% stake in Mirae Asset Consulting Co., the firm at the top of the financial se...

    Jan 03, 2024 (Gmt+09:00)

    1 Min read

  • Bio & Pharma

    MedPacto gets FDA OK for colorectal cancer drug clinical trial

    South Korea's biotech company MedPacto Inc. announced on Tuesday that it has got approval from the US Food and Drug Administration (FDA) for its I...

    Jan 03, 2024 (Gmt+09:00)

    1 Min read

  • Retail

    Korea’s Gmarket poised to post 1st profit since Shinsegae’s takeover

    Gmarket, a major e-commerce website based in South Korea, likely turned to profit in the fourth quarter of last year, which would mark the first tim...

    Jan 02, 2024 (Gmt+09:00)

    2 Min read

  • Bio & Pharma

    CGBio gets FDA approval for Novosis Putty

    South Korea's bio-regenerative medical firm CGBio announced on Tuesday that its Novosis Putty has been designated as a breakthrough device by the US...

    Jan 02, 2024 (Gmt+09:00)

    1 Min read

  • Energy

    KEPCO sells 15% stake in KEPCO E&C for $269 million

    Korea Electric Power Corp. (KEPCO), South Korea’s state-owned utility company grappling with mounting losses, has secured additional funds of ...

    Jan 02, 2024 (Gmt+09:00)

    2 Min read

  • Fashion

    Adidas Korea separates its marketing strategy from APAC

    Sportswear giant adidas AG started operating its South Korean affiliate as a separate market from the Asia-Pacific region on Jan. 2 to quickly respo...

    Jan 02, 2024 (Gmt+09:00)

    1 Min read

  • ESG

    LG Uplus introduces eco-friendly packaging materials

    South Korea's LG Uplus Corp. announced on Monday that it has introduced eco-friendly packaging materials for its network equipment to reduce carbon ...

    Jan 02, 2024 (Gmt+09:00)

    1 Min read

  • Aerospace & Defense

    KAI completes 1st batch of fighter jet exports to Poland

    Korea Aerospace Industries Ltd. (KAI), the country’s sole military aircraft manufacturer, completed its first batch of fighter jet exports to ...

    Jan 02, 2024 (Gmt+09:00)

    2 Min read

  • Shipping & Shipbuilding

    Samsung Heavy wins $1.5 bn order for FLNG

    South Korea's shipbuilder Samsung Heavy Industries announced on Tuesday that it has secured an order for one floating liquefied natural gas (FLNG) p...

    Jan 02, 2024 (Gmt+09:00)

    1 Min read

  • Electronics

    LG to double CES 2024 exhibition booth

    LG Electronics Inc. will double its dedicated exhibition booth for the LG Labs marketing platform at CES 2024, the world's largest IT and consumer e...

    Jan 02, 2024 (Gmt+09:00)

    1 Min read

  • Korean food

    CJ CheilJedang to boost K-Street Food exports

    Korean food giant CJ CheilJedang Corp. is seeing major success with its "K-Street Food" line, a selection of iconic Korean street snacks with global...

    Jan 02, 2024 (Gmt+09:00)

    1 Min read

  • Korean chipmakers

    Samsung eyes $8.8 billion 2024 chip profit: sources

    Samsung Electronics Co. seeks to rake in 11.5 trillion won ($8.8 billion) in operating profit from its semiconductor business this year, swiveling f...

    Jan 02, 2024 (Gmt+09:00)

    4 Min read

  • Automobiles

    IONIQ 5 named Car of the Year 2023 in Singapore

    Hyundai Motor Co.'s electric sport utility vehicle (SUV) IONIQ 5 has been selected as the Car of the Year 2023 in Singapore by the nation’s la...

    Jan 02, 2024 (Gmt+09:00)

    1 Min read

  • Korean innovators at CES 2024

    LG Display to unveil future mobility panels at CES

    LG Display Co., the world’s leading organic light-emitting diode (OLED) panel maker, will unveil its next-generation automotive display produc...

    Jan 02, 2024 (Gmt+09:00)

    1 Min read

  • Mergers & Acquisitions

    Celltrion to sell portfolio of Takeda drugs to CBC Group

    South Korea’s Celltrion Inc. will divest of a portfolio of Takeda Pharmaceutical's prescription medicines sold in Asia to CBC Group, a Singapo...

    Jan 01, 2024 (Gmt+09:00)

    3 Min read

  • Korean stock market

    Foreign net buying of Samsung Elec at record high in 2023

    Foreign investors turned net buyers of Samsung Electronics Co. in 2023, reversing their selling spree of the stock over past three years, as the sem...

    Jan 01, 2024 (Gmt+09:00)

    2 Min read