Companies
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Korean chipmakers
Samsung mass-produces QLC V9 NAND to lead AI storage market
Samsung Electronics Co., the world’s largest memory chipmaker, said on Thursday it has begun mass production of a 286-layer high-capacity NAND...
Sep 12, 2024 (Gmt+09:00)
3 Min read -
Aerospace & Defense
Hanwha teams up with Australian startup for space business
South Korea’s Hanwha Aerospace Co. has joined hands with Australian startup Gilmour Space Technologies in the space business, bolstering coope...
Sep 12, 2024 (Gmt+09:00)
1 Min read -
Artificial intelligence
OpenResearch gets $7.5 mn seed round
OpenResearch, an AI search service founded by former Kakao Brain CEO Kim Il-Doo, said on Thursday that it got a seed round 10 billion won ($7.5 mill...
Sep 12, 2024 (Gmt+09:00)
1 Min read -
Construction
Hyundai opens climate change response edu Center in Vietnam
South Korea's Hyundai Engineering Co. said on Thursday that it has established a climate change response education center in Thanh Hoa Province, Vie...
Sep 12, 2024 (Gmt+09:00)
1 Min read -
Artificial intelligence
Naver joins hands with Saudi Arabia to develop Arabic LLM
Naver Corp., South Korea’s largest online platform, has signed a memorandum of understanding with the Saudi Data & AI Authority (SDAIA) to...
Sep 12, 2024 (Gmt+09:00)
1 Min read -
Energy
Doosan Enerbility to localize 10 MW wind turbines
South Korea's Doosan Enerbility Co. said on Thursday that it is pursuing a national project for localizing large-scale wind power generation systems...
Sep 12, 2024 (Gmt+09:00)
1 Min read -
Korean food
Pulmuone to boost K-food boom in China with gimbap
Leading South Korean food company Pulmuone Corp. is poised to crank up the K-food craze in China, the world’s second most populous country, wi...
Sep 12, 2024 (Gmt+09:00)
2 Min read -
Banking & Finance
Korea's Woori Bank adds two more branches in India
South Korea’s Woori Bank announced on Thursday that It has opened additional branches in Pune and Ahmedabad, India.These are the bank's fourth...
Sep 12, 2024 (Gmt+09:00)
1 Min read -
Food & Beverage
Lotte Home Shopping, Asahi to cooperate on health functional food biz
South Korea's Lotte Home Shopping signed an exclusive agreement with Japan's Asahi Group Foods to supply and sell health functional food ingredients...
Sep 12, 2024 (Gmt+09:00)
1 Min read -
Corporate strategy
LG CNS establishes joint venture with Sinarmas in Indonesia
South Korea's LG CNS Co. said on Thursday that it established a joint venture LG Sinarmas Technology Solutions in Indonesia with Sinarmas Group in J...
Sep 12, 2024 (Gmt+09:00)
1 Min read -
Aerospace & Defense
S.Korea’s LIG Nex1, Iraq set for $2.6 billion deal on M-SAM missile system
Iraq has decided to import South Korean-made mid-range surface-to-air missile (M-SAM) system II, known as Cheongung II, in a deal estimated at $2.6 ...
Sep 12, 2024 (Gmt+09:00)
3 Min read -
Food & Beverage
Lotte Wellfood, Topper Guild to co-work for Pepero Day promotion
South Korea’s Lotte Wellfood Co. said on Wednesday it partnered with the US YouTuber Topper Guild to promote Pepero Day.Pepero Day, cele...
Sep 12, 2024 (Gmt+09:00)
1 Min read -
Food & Beverage
AB InBev's Oriental Brewery buys Jeju Soju from Shinsegae
Oriental Brewery Co. (OB), a unit of the world’s largest beer company AB InBev, agreed on Wednesday to purchase Jeju Soju from Shinsegae L&...
Sep 11, 2024 (Gmt+09:00)
1 Min read -
Bio & Pharma
Celltrion earmarks billions of dollars to build CDMO plant: chairman
Celltrion Inc., South Korea’s largest biosimilar maker, will spend several billion dollars to build a factory to crack the contract developmen...
Sep 11, 2024 (Gmt+09:00)
2 Min read -
Energy
Korea's SK Energy to start commercial operations of SAF production line
SK Energy Co., South Korea’s largest oil refiner, is set to start commercial operations of a production line for sustainable aviation fuel (SA...
Sep 11, 2024 (Gmt+09:00)
2 Min read -
Banking & Finance
Shinhan SOL Travel Cards' cumulative issuance reaches 1.2 mn
South Korea's Shinhan Card said on Wednesday that the cumulative issuance of its travel-specialized card, the Shinhan SOL Travel Card (available in ...
Sep 11, 2024 (Gmt+09:00)
1 Min read -
Korean chipmakers
SK Hynix unveils powerful data-center SSD to maintain AI memory lead
South Korean chipmaker SK Hynix Inc. on Wednesday unveiled a new solid-state drive (SSD) for data centers to expand its memory leadership in the AI ...
Sep 11, 2024 (Gmt+09:00)
2 Min read -
Korean games
Krafton diversifies its business by investing in Spoon Labs
South Korea's gaming giant Krafton Inc. said on Wednesday that it invested in SpoonLabs, a domestic short-form drama platform companySpoonLabs is th...
Sep 11, 2024 (Gmt+09:00)
1 Min read -
Construction
HD Hyundai affiliates participate in Mining Indonesia 2024
South Korea's HD Hyundai Construction Equipment Co. and HD Hyundai Infracore Co. announced on Wednesday that they participated in Mining Indonesia 2...
Sep 11, 2024 (Gmt+09:00)
1 Min read -
Electronics
LG's transparent OLED TV named best product in US
LG Electronics Inc.'s transparent OLED TV, the LG Signature OLED T, received the Best Designer Display award at the CEDIA Expo 2024, held in Denver,...
Sep 11, 2024 (Gmt+09:00)
1 Min read -
Logistics
CJ Logistics joins hands with Affinity for third-party logistics
CJ Logistics announced on Wednesday that it has signed a strategic memorandum of understanding (MOU) with Affinity Equity Partners.Affinity is a glo...
Sep 11, 2024 (Gmt+09:00)
1 Min read -
Retail
Shinsegae Duty Free opens premium store at Incheon Airport
South Korea's Shinsegae Duty Free launched a premium store at Incheon International Airport, aiming to counter the decline in downtown duty-free sal...
Sep 11, 2024 (Gmt+09:00)
1 Min read -
Business & Politics
Korail to join Manila railway maintenance project
South Korea's state-run railway company Korea Railroad Corporation (Korail) said on Monday that it participates in the operation and maintenance (O&...
Sep 11, 2024 (Gmt+09:00)
1 Min read -
Energy
Taihan Cable completes 1st optical cable plant in Kuwait
Taihan Cable & Solution Co. said on Tuesday it has completed the first fiber optic cable factory in Kuwait, in a joint project with Rank General...
Sep 10, 2024 (Gmt+09:00)
1 Min read -
Energy
Hanwha Aerospace, SK Enmove develop fireproof ESS
South Korean companies have joined forces to develop the world’s first fireproof energy storage system (ESS) powered by liquid immersion cooli...
Sep 10, 2024 (Gmt+09:00)
2 Min read -
Automobiles
Kia ranks first in customer satisfaction in India
Kia Corp. said on Tuesday that it ranked first in the mass-market brand category in the customer experience index survey recently released by India'...
Sep 10, 2024 (Gmt+09:00)
1 Min read -
Energy
KEPCO, Burns & McDonnell to cooperate on power grid projects
Korea Electric Power Corp. (KEPCO), the South Korean state-run utility company, said on Tuesday that it signed a cooperation agreement for the joint...
Sep 10, 2024 (Gmt+09:00)
1 Min read -
Automobiles
Hyundai, Kia EVs named Wards 10 Best Engines
Hyundai Motor Group said on Tuesday that the powertrain system mounted on its dedicated electric vehicle platform, E-GMP, has been named one of the ...
Sep 10, 2024 (Gmt+09:00)
1 Min read -
Shipping & Shipbuilding
HMM to spend $17.5 bn by 2030 to double cargo capacity
HMM Co., South Korea’s largest ocean carrier, said on Tuesday it will spend 23.5 trillion won ($17.5 billion) by 2030 to nearly double its car...
Sep 10, 2024 (Gmt+09:00)
2 Min read
Latest News
- 1 Mirae Asset Global Investments’ managed asset surpasses $288 billion
- 2 Google partners with Samsung, Gentle Monster to revive smart glasses ambitions
- 3 Korean financial firms launch global IR blitz to woo foreign capital
- 4 KIC bets on Asian real estate; eyes residential, data centers
- 5 NPS boosts allocation to direct lending, secondaries