Korean industry ministry
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Tech, Media & Telecom
SK Telecom develops quantum cryptography-based VPN
South Korea's SK Telecom Co. announced on Wednesday that has completed the development of quantum key distribution (QKD) technology-based virtual pr...
May 17, 2023 (Gmt+09:00)
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Culture & Trends
Night at Korean royal palace brims with stars and Gucci fashion
Seoul has again grabbed the attention of global fashionistas as Italian fashion house Gucci on Tuesday night finally staged its belated Korean fashi...
May 17, 2023 (Gmt+09:00)
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Energy
Hanwha Q Cells to unveil soundproof solar module
Hanwha Q Cells Co., a solar power unit of South Korean conglomerate Hanwha Group, announced on Wednesday that it will participate in the upcoming "W...
May 17, 2023 (Gmt+09:00)
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Banking & Finance
Mirae Asset Securities acquires European ETF market maker GHCO
Mirae Asset Securities UK, the UK corporation of South Korea's Mirae Asset Securities, announced on Monday that it has acquired GHCO, a market-makin...
May 16, 2023 (Gmt+09:00)
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Artificial intelligence
AskUp aims to make life more convenient, even with highball recipes
Amid the generative artificial intelligence technology sensation, businesses scramble to get creative in using AI to bolster their sales, and a Sout...
May 16, 2023 (Gmt+09:00)
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Batteries
LG Chem aims higher for battery materials with diverse portfolio
South Korea’s LG Chem Ltd. on Tuesday revised up its 2030 sales goal for battery materials by 45% after it delivered stronger-than-expected re...
May 16, 2023 (Gmt+09:00)
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Electric vehicles
Samsung Electro-Mechanics unveils high-capacity MLCCs for EVs
Samsung Electro-Mechanics Co., a South Korean electronic components maker, on Tuesday showcased two new multi-layer ceramic capacitors (MLCCs) with ...
May 16, 2023 (Gmt+09:00)
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Future mobility
Hyundai Rotem's hydrogen fuel cell tram wins iF Design Award
Hyundai Rotem is South Korea's first rail company to win a global design award, with its hydrogen fuel cell tram claiming the main prize in the pr...
May 16, 2023 (Gmt+09:00)
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Energy
Samsung Engineering, OMV sign agreement for modular project
South Korea's Samsung Engineering has partnered with global integrated energy company OMV for project collaboration. Samsung Engineering announced T...
May 16, 2023 (Gmt+09:00)
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The KED View
Korean won needs economic fundamentals recovery for rebound
The South Korean won is underperforming most other currencies as Asia’s fourth-largest economy is gradually losing steam for long-term growth....
May 16, 2023 (Gmt+09:00)
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Korean SMEs
S.Korea to launch first cyber office for small, medium businesses
South Korea's Minister of SMEs and Startups Lee Young on Monday said the country will launch its 18th office for small and medium enterprises (SME) ...
May 16, 2023 (Gmt+09:00)
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Korean games
Political crypto scandal hits Korean P2E game deregulation hopes
A South Korean lawmaker’s scandal over ownership of cryptocurrencies, including those issued by domestic game developers, is expected to jeopa...
May 15, 2023 (Gmt+09:00)
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K-pop
CJ’s K-culture event draws record-high numbers in Japan
CHIBA, JAPAN – A global K-pop concert hosted by CJ ENM Co., a South Korean entertainment powerhouse, heated up the venue in Japan with an audi...
May 15, 2023 (Gmt+09:00)
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Business & Politics
LS Electric to unveil eco-friendly smart energy techs in Vietnam
South Korea's LS Electric Co. announced on Monday its participation in the highly anticipated "Electric Energy Show 2023" to be held in Hanoi, Vietn...
May 15, 2023 (Gmt+09:00)
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Korean startups
HL Holdings, Veluga Brewery to digitalize Korean liquor market
HL Holdings Corp., a major South Korean automotive parts logistics specialist with a three-decade history, has joined hands with Veluga Brewery Inc....
May 15, 2023 (Gmt+09:00)
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Fiber & Textile
Hansae: Hidden Korean champion in global OEM apparel market
Hansae is an unfamiliar name to many South Koreans for sure.But among original equipment manufacturing (OEM) companies in the apparel industry, Hans...
May 15, 2023 (Gmt+09:00)
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Retail
SE Asian visitors revive Seoul’s tourism industry
In Myeongdong, Seoul’s shopping mecca, on May 14, street vendors were busy soliciting foreign tourists, greeting them in their mother tongues ...
May 15, 2023 (Gmt+09:00)
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Culture & Trends
Three S.Korean poets invited to European Int'l Poetry Festival
The European International Poetry Festival "Europa in versi" will be held in Como, a lake city near Milan, Italy, from May 19 to 21.Thirteen poets f...
May 15, 2023 (Gmt+09:00)
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Petrochemicals
Kolon Industries to expand high-value specialty petroleum products plant
Kolon Industries Inc., a leading industrial materials maker in South Korea, announced on Monday that it will invest 24 billion won ($17.94 million) ...
May 15, 2023 (Gmt+09:00)
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Korean food
CJ CheilJedang plans to globalize Korean street food
South Korea's food giant CJ CheilJedang Corp. is set to launch a range of Korean street food as new products, aiming for global expansion. The compa...
May 15, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung to invest $221 mn to build R&D chip line in Japan: Nikkei
Samsung Electronics Co. will build a prototype chip production facility in Japan for 30 billion yen ($221 million) to develop next-generation back-e...
May 15, 2023 (Gmt+09:00)
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Earnings
Nexon beats major Korean rivals with China market, PC games
Gaming giant Nexon Co. is dwarfing major South Korean rivals thanks to its success in China and PC titles.Nexon, a South Korean-Japanese game publis...
May 12, 2023 (Gmt+09:00)
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Pre-IPOs
Doosan begins pre-IPO funding round for US fuel cell unit HyAxiom
Doosan Corp., the holding company of South Korean plant-to-machinery conglomerate Doosan Group, is slated to attract $200 million for its hydrogen f...
May 12, 2023 (Gmt+09:00)
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Artificial intelligence
Does Google Bard in Korean pose any risk to Naver, Kakao?
MOUNTAIN VIEW, California – Global tech giant Google on Wednesday unveiled an upgraded version of Bard, its generative artificial intelligence...
May 12, 2023 (Gmt+09:00)
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Economy
S.Korean growth outlook dims on increased trade deficit
South Korea’s exports are on course to drop for the eighth consecutive month as they declined in the first 10 days of May, data showed on Thur...
May 11, 2023 (Gmt+09:00)
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Cloud computing
Korean KT Cloud to raise $452 mn from IMM via rights offering
KT Cloud Corp., a subsidiary of South Korea’s telecom giant KT Corp., is set to raise 600 billion won ($452 million) from a unit of Seoul-base...
May 11, 2023 (Gmt+09:00)
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Tech, Media & Telecom
S.Korea to invest $2.6 bn in quantum technology by 2035
South Korea will spend 3.5 trillion won ($2.6 billion) on quantum science and technology development by 2035 in partnership with the country’s...
May 11, 2023 (Gmt+09:00)
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Korean food
KGC promotes S.Korean top red ginseng brand CheongKwanJang in China
Korea Ginseng Corp. (KGC), wholly owned by South Korean tobacco giant KT&G Corp. , announced on Thursday its participation in the "2023 TFWA Wor...
May 11, 2023 (Gmt+09:00)
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Logistics
CJ Logistics to establish global distribution center in Saudi Arabia
South Korea's CJ Logistics unveiled plans on Thursday to construct a Global Distribution Center (GDC) in Saudi Arabia, a burgeoning logistics hub in...
May 11, 2023 (Gmt+09:00)
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Cryptocurrencies
Terra co-founder Do Kwon’s $177 million assets in Korea under seizure
Terraform Labs co-founder Do Kwon, the mastermind behind the Terra-Luna cryptocurrency collapse, has had most of his assets in South Korea frozen, a...
May 11, 2023 (Gmt+09:00)
Latest News
- 1 Korea’s reshoring companies pale amid lack of support, incentives, tax breaks
- 2 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 3 AI startup MarqVision raises $16.5 mn to close Series A
- 4 Taihan Cable wins $630 mn power grid project in Singapore
- 5 Korean startup scene is gloomy, say 2 out of 5 startup CEOs