Korean Wave
Scope
Date
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Bio & Pharma
Boryung, Axiom Space to set up JV to explore space healthcare options
South Korea's Boryung Corp., just decades ago a mom-and-pop pharmacy, will bring its healthcare expertise to space with Axiom Space Inc., a US comme...
Mar 21, 2023 (Gmt+09:00)
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Aerospace & Defense
Elon Musk’s SpaceX set for tie-up with KT SAT for Starlink service in Korea
SpaceX, the rocket and spacecraft manufacturer founded by Tesla Inc. Chief Executive Elon Musk, will likely join forces with KT Corp. to lau...
Mar 21, 2023 (Gmt+09:00)
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Korean games
Will S.Korean games benefit from China’s deregulation?
China is loosening its grip on foreign online games with approvals on 27 titles, raising hopes that South Korean publishers will expand their presen...
Mar 21, 2023 (Gmt+09:00)
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Korean Investors
S.Korean LPs name 41 best alternative asset managers
Blackstone, Hamilton Lane, HarbourVest Partners and Audax Private Equity were jointly named the most preferred PE firms by South Korean institutional ...
Mar 21, 2023 (Gmt+09:00)
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Korean food
Korea's Kooksoondang sees its makgeolli exports surpass $10 mn mark
Kooksoondang Co., a South Korean brewery that produces traditional rice-based wines, announced on Tuesday that its exports reached an all-time high ...
Mar 21, 2023 (Gmt+09:00)
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Artificial intelligence
SK C&C, Naver Cloud team up to boost AI services for Korean companies
SK C&C, a leading information technology service provider in South Korea, has announced a partnership with Naver Cloud to develop ultra-large ar...
Mar 21, 2023 (Gmt+09:00)
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Healthcare
LG Elec, Bayada strengthen cooperation on home care medical devices
LG Electronics Inc. announced on Tuesday that it had signed a business agreement with Bayada Home Healthcare, a US-based company specializing in hom...
Mar 21, 2023 (Gmt+09:00)
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Electric vehicles
LS E-Link partners with Logen to boost EV charging
LS E-Link, a new corporation of South Korea's LS Group that specializes in electric vehicle (EV) charging infrastructure and operation, has signed a...
Mar 21, 2023 (Gmt+09:00)
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Robotics
Doosan Robotics signs medical robot MOU with Chinese company
Doosan Robotics Inc., a South Korean company affiliated with the Doosan Group, announced on Tuesday that it had signed an MOU with Guangxi Pinge, a ...
Mar 21, 2023 (Gmt+09:00)
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Korean startups
Wave Lifestyle Tech signs MOU with Saudi gov't to expand robot business
Wave Lifestyle Tech, a South Korean foodtech robot company, said on Monday that it has signed a memorandum of understanding with Saudi Arabia’...
Mar 21, 2023 (Gmt+09:00)
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Bio & Pharma
GC Biopharma wins $44 mn flu vaccine order from WHO agency
South Korea's pharmaceutical firm GC Biopharma Corp. said on Monday that it has won a $44.3 million (57.9 billion won) order for flu vaccines in a d...
Mar 21, 2023 (Gmt+09:00)
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Artificial intelligence
Kakao halts its own AI chatbot beta service a day after release
Kakao Corp., South Korea’s platform giant operating the country’s No. 1 chat app KakaoTalk, has introduced its first artificial intell...
Mar 20, 2023 (Gmt+09:00)
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Korean startups
Samsung Electronics’ new C-Lab Outside center opens in Gwangju
Samsung Electronics Co. on Monday opened its second regional C-Lab Outside center in Gwangju about a month after opening the first regional startup ...
Mar 20, 2023 (Gmt+09:00)
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IPOs
S.Korean biotech GI Innovation's IPO draws tepid market interest
South Korean biotech GI Innovation Inc. is slated to debut on the local public market at less than half of its pre-IPO investment value, facing luke...
Mar 20, 2023 (Gmt+09:00)
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Future mobility
Bespin Global to work with GBike for smart mobility business in Vietnam
Bespin Global, a cloud delivery platform company based in South Korea, announced on Thursday that it had partnered with GBike, a micromobility tech ...
Mar 20, 2023 (Gmt+09:00)
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Bio & Pharma
Lunit's Insight DBT gets certification from EU for medical device
South Korean medical AI company Lunit said on Monday that its 3D breast tomosynthesis artificial intelligence (AI) image analysis solution, "Lunit I...
Mar 20, 2023 (Gmt+09:00)
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Markets
Korean ETP market doubles amid increasing distrust of fund managers
South Korea’s exchange-traded product (ETP) market has doubled in four years as more investors preferred their own trades to discretionary inv...
Mar 20, 2023 (Gmt+09:00)
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Aerospace & Defense
Korean aircraft maker KAI earmarks $3.4 bn in R&D investment by 2032
Korea Aerospace Industries Ltd. (KAI), South Korea’s sole military aircraft manufacturer, is set to pour 4.5 trillion won ($3.4 billion) into ...
Mar 17, 2023 (Gmt+09:00)
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Artificial intelligence
S.Korean startup Jobis&Villains expands to UK with tax return service
Jobis&Villains Corp., a South Korean startup that offers a tax return service called “3o3,” said on Friday that it had set up a loca...
Mar 17, 2023 (Gmt+09:00)
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Future mobility
Tmap Mobility, SWM to collaborate in autonomous driving area
Tmap Mobility Co., a Korean navigation app company, announced on Friday a business agreement to promote cooperation in autonomous driving technology...
Mar 17, 2023 (Gmt+09:00)
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Tech, Media & Telecom
S.Korea's Naver gets global compliance certification
South Korea’s top search portal Naver Corp. said on Friday that it had received a global certification for its compliance management system fr...
Mar 17, 2023 (Gmt+09:00)
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Artificial intelligence
Upstage’s AskUp offers Korea’s first GPT-4-powered chatbot service
Upstage, a South Korean AI tech startup, has unveiled a new version of its generative AI chatbot powered by GPT-4, to become the first to offer Open...
Mar 17, 2023 (Gmt+09:00)
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Airlines
S.Korea's Air Premia to launch Incheon-New York route in May
Air Premia, a South Korean hybrid service carrier, announced on Friday the launch of a new air route between Incheon and New York from May 22. ...
Mar 17, 2023 (Gmt+09:00)
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Business & Politics
Korean Chips Act set to pass parliament in March; coverage expanded
South Korea’s answer to the US CHIPS and Science Act is on course for National Assembly approval by the end of this month as the ruling and op...
Mar 17, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG Chairman Koo on the hunt for talent to win future technology war
LG Group Chairman Koo Kwang-mo is spearheading South Korea’s fourth-largest conglomerate’s search for top R&D talent in science and ...
Mar 17, 2023 (Gmt+09:00)
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Energy
Korea Eximbank teams up with US small nuclear reactor firm
The Export-Import Bank of Korea said on Thursday that it had signed a memorandum of understanding (MOU) with NuScale Power, a US company that develo...
Mar 17, 2023 (Gmt+09:00)
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Retail
Hyundai Dept. Store Duty Free to launch metaverse duty-free shop
South Korea's Hyundai Department Store Duty Free announced on Thursday that it had signed a memorandum of understanding (MOU) with OlimPlanet for ...
Mar 17, 2023 (Gmt+09:00)
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Private equity
EQT sees huge potential in security services for S.Korean SMEs
The digital security market is rapidly growing in South Korea, one of the world’s fastest-aging countries and amid its soaring labor costs.&nb...
Mar 16, 2023 (Gmt+09:00)
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Korean startups
Sales of state-sponsored Korean startups up 40% in 2022
South Korean startups sponsored by the government’s information and communication technology acceleration program, dubbed K-Global Project, sa...
Mar 16, 2023 (Gmt+09:00)
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Bio & Pharma
Prestige Bio's pancreatic cancer treatment gets US FDA fast-track designation
Prestige Biopharma, a biopharmaceutical company in South Korea, announced on Thursday that their pancreatic cancer antibody drug, PBP1510 (Ulenistam...
Mar 16, 2023 (Gmt+09:00)