AI-driven new drug development
Scope
Date
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Batteries
Samsung SDI to build new battery plant in Malaysia by 2025
South Korea’s battery manufacturer Samsung SDI Co. held a groundbreaking ceremony for Plant 2 to make cylindrical batteries in Seremban, Mal...
Jul 21, 2022 (Gmt+09:00)
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Carbon neutrality
Korean DL E&C to enter SMR biz with Canada’s Terrestrial
South Korea’s construction company DL E&C Co. is set to make inroads into the small modular reactor (SMR) business for future growth ...
Jul 21, 2022 (Gmt+09:00)
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Korean startups
Korea startup unveils AI for sleep study with smartphones
A South Korean startup has unveiled an artificial intelligence model for medical analysis of sleep based on breathing sounds recorded by smartphones...
Jul 20, 2022 (Gmt+09:00)
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Private equity
SK Square makes its first exit seeking new target firms
South Korean investment firm SK Square Co. has sold all of its shares in Korean biotech NanoEntek Inc., a 28.4% stake, for 58 billion won ($44.3 mil...
Jul 20, 2022 (Gmt+09:00)
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Aerospace & Defense
Korea's domestic jet fighter KF-21 completes first flight test
KF-21 Boramae, South Korea’s first advanced supersonic jet fighter, successfully completed its first flight test on Tuesday more than six year...
Jul 19, 2022 (Gmt+09:00)
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Entertainment
Seoul to lure visitors with themed tours, video featuring BTS
Seoul, the capital of South Korea, is kickstarting efforts to attract foreign visitors with new tour programs and a promotional video featuring the ...
Jul 19, 2022 (Gmt+09:00)
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Artificial intelligence
South Korean firms roll out AI chatbots that tug at the heartstrings
If you are using artificial intelligence-powered chatbot services in South Korea, you may soon be receiving messages like this: “Would you lik...
Jul 19, 2022 (Gmt+09:00)
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Retail
Naver's Kream buys stake in Malaysian resale platform
Kream, the resale platform of South Korea’s online portal Naver Corp., has agreed to buy a stake in Malaysia’s biggest sneaker resale co...
Jul 19, 2022 (Gmt+09:00)
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Electric vehicles
Beijing Hyundai to launch two EVs only for China for revival
Hyundai Motor Co.'s joint venture in China plans to launch two electric vehicle models dedicated to the mainland next year to revive its ailing busi...
Jul 18, 2022 (Gmt+09:00)
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Bio & Pharma
Samsung Biologics to double CDMO capacity with new plants worth $5.3 bn
Samsung Biologics Co., the world’s largest contract drugmaker, plans to double its manufacturing capacity by building four additional plants w...
Jul 18, 2022 (Gmt+09:00)
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Artificial intelligence
AI-powered translation startup XL8 raises $2.7 million in bridge investment
Artificial intelligence-powered translation startup XL8 Inc. said on Monday it raised 3.6 billion won ($2.7 million) in a bridge round prior to Seri...
Jul 18, 2022 (Gmt+09:00)
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ESG
Korean exporters anxious ahead of EU's supply chain law
The majority of South Korea’s small and medium-sized exporters are concerned about a possible cancellation of orders or difficulty in winning ...
Jul 18, 2022 (Gmt+09:00)
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Bio & Pharma
SK Biopharmaceuticals signs epilepsy drug deal with Brazil’s Eurofarma
South Korea’s SK Biopharmaceuticals Co. has signed a deal to license out its technology for Cenobamate, an antiepileptic drug, to Brazil&rsquo...
Jul 15, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung develops world’s fastest graphics DRAM chip
Samsung Electronics Co. on Thursday unveiled a sample of the industry’s fastest graphics DRAM, designed to significantly advance the graphics ...
Jul 14, 2022 (Gmt+09:00)
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Mobile networks
Samsung Elec. to launch Korea's first dual SIM smartphones in August
Samsung Electronics Co. is slated to enable embedded subscriber identity modules (eSIMs) into its new foldable smartphones available in South Korea ...
Jul 11, 2022 (Gmt+09:00)
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Korean games
Kakao-invested game developer Shiftup becomes unicorn startup
Shiftup Co., a South Korean mobile game developer, has joined the ranks of unicorns, or private companies worth $1 billion or more.The studio behind...
Jul 10, 2022 (Gmt+09:00)
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Korean games
Korea, game developers in tug of war over P2E genre
A battle over play-to-earn (P2E) games in South Korea between the government and the industry has yet to show any signs of abating as the authority ...
Jul 08, 2022 (Gmt+09:00)
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Bio & Pharma
Celltrion, Samsung Biologics eye record-high annual sales
South Korea’s two major biopharmaceutical companies, Celltrion Inc. and Samsung Biologics Co., are respectively expecting more than 2 trillion...
Jul 08, 2022 (Gmt+09:00)
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Korean games
Blockchain game developer Planetarium Labs raises $32 mn
Planetarium Labs raised $32 million in a Series A funding round, led by Animoca Brands, and joined by Samsung Next, WeMade, and Krust Universe.The s...
Jul 08, 2022 (Gmt+09:00)
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Pension funds
Korean retirement funds, mutual aids struggle with profitability
Some major retirement funds in South Korea are raising interest rates on their members’ savings accounts in line with global central banks&rsq...
Jul 07, 2022 (Gmt+09:00)
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Automobiles
Easing car delivery crunch: Boon or bane for Hyundai, Kia?
Just like its global peers, Hyundai Motor Co. and Kia Corp. have suffered from the chip shortage that bogged down the entire auto industry for nearl...
Jul 06, 2022 (Gmt+09:00)
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Korean startups
KT injects $23 mn into fabless startup Rebellions
South Korean fabless startup Rebellions Inc. received a 30 billion won ($23 million) extension to its Series A funding from telecom giant KT Corp.KT...
Jul 06, 2022 (Gmt+09:00)
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K-pop
YG's share price surges 6.3% on news of Blackpink’s album release, concert
Shares of major K-pop label YG Entertainment Inc. finished Wednesday's trade 6% higher at 48,950 won ($37.52) a share, on news of Blackpink’s ...
Jul 06, 2022 (Gmt+09:00)
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Automobiles
Ssangyong to raise Torres SUV output for turnaround
South Korea’s Ssangyong Motor Co. will ramp up the production of its new sport utility vehicle to meet strong demand, hoping the Torres will h...
Jul 06, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Google stops KakaoTalk updates over violation of external payment policy
Alphabet Inc.’s Google has halted updates to Kakao Corp.'s KakaoTalk, South Korea's most popular messaging app. An employee of Kakao told...
Jul 06, 2022 (Gmt+09:00)
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Automobiles
Infotainment, telematics define LG’s new future with $6.2 billion in orders
When LG Electronics Inc. surprised the market last year by announcing that it was exiting the mobile phone business, one of its mainstay businesses,...
Jul 05, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Naver’s web browser Whale challenges global rivals
South Korea’s homegrown web browser Whale, developed by Naver Corp., is quietly increasing its presence in the domestic market, where Google C...
Jul 05, 2022 (Gmt+09:00)
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Bio & Pharma
Korean biotech firms fold COVID-19 therapeutics development businesses
A string of South Korean pharmaceutical and biotech companies are waving the white flag when it comes to developing COVID-19 treatments. As the...
Jul 04, 2022 (Gmt+09:00)
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Energy
Korea shipbuilders throttle up wind farm business
South Korea’s major shipbuilders are competing to lead the global wind farm industry, an emerging game-changer in the renewable energy sector,...
Jul 04, 2022 (Gmt+09:00)
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Research & Development
Plagiarism scandal hits top S.Korean university over AI-themed papers
South Korea's most prestigious university is embroiled in a plagiarism scandal after two papers it published on artificial intelligence are believed...
Jul 01, 2022 (Gmt+09:00)
Latest News
- 1 Hyundai, Kia’s H1 vehicle sales in Singapore double, aided by HMGICS
- 2 Korea’s reshoring companies pale amid lack of support, incentives, tax breaks
- 3 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 4 AI startup MarqVision raises $16.5 mn to close Series A
- 5 Taihan Cable wins $630 mn power grid project in Singapore