Korean tech industry
Scope
Date
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Tech, Media & Telecom
SK Telecom gets global approval for UAM-interworking tech standard
South Korea's SK Telecom Co. on Thursday said the International Telecommunication Union's Telecommunication Standardization Sector (ITU-T) approved ...
Dec 09, 2022 (Gmt+09:00)
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Artificial intelligence
LG Group think tank unveils breakthrough AI tech Exaone
LG AI Research, the artificial intelligence (AI) think tank of South Korea's LG Group, on Thursday unveiled Exaone, a gigantic AI technology that ra...
Dec 09, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Baring PEA breaks $1 bn PI Advanced Materials buyout deal
Hong Kong-based Baring Private Equity Asia has broken a deal to buy a majority stake in the world’s largest polyimide film manufacturer PI Adv...
Dec 08, 2022 (Gmt+09:00)
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Korean startups
Art tech platform Tessa attracts strategic investment from Kyobo Securities
The art tech platform Tessa said on Thursday that it has succeeded in attracting strategic investment from Kyobo Securities Co. The amount of invest...
Dec 08, 2022 (Gmt+09:00)
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Samsung Group
Hotel Shilla CEO Lee ranks 85th on Forbes' 100 most powerful women
Samsung heiress and Hotel Shilla CEO Lee Boo-jin ranked 85th on The World’s 100 Most Powerful Women selected by Forbes. Lee, who leads Samsung Group's...
Dec 08, 2022 (Gmt+09:00)
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Korean chipmakers
SK Hynix develops world's fastest server DRAM sample
SK Hynix Inc., the world’s second-largest memory chipmaker, said on Thursday it has developed working samples of DDR5 multiplexer combined ranks dual ...
Dec 08, 2022 (Gmt+09:00)
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Korean SMEs
Home&Shopping partners with K-Market to explore opportunities in Vietnam
Home & Shopping, South Korea's home shopping channel specializing in products of small- and medium-sized enterprises (SMEs), announced on Th...
Dec 08, 2022 (Gmt+09:00)
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Logistics
Coupang to invest $4.7 billion in supply chains in Korea over 12 years
South Korea's e-commerce giant Coupang has briefed US Ambassador to Seoul Philip Goldberg at the company's fulfillment center in Daegu, a fa...
Dec 08, 2022 (Gmt+09:00)
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Electronics
Microdisplays poised to emerge in growing XR market
The slowly growing extended reality (XR) market next year is expected to explode as global big tech companies get ready to launch augmented (AR) and v...
Dec 08, 2022 (Gmt+09:00)
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Private equity
IMM, Lotte to inject another $76 mn in Hanssem at default risk
South Korea’s IMM Private Equity and Lotte Group are set to inject additional 100 billion won ($75.6 million) in Kosdaq-listed Hanssem Co., th...
Dec 07, 2022 (Gmt+09:00)
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IPOs
Naver affiliate Line Games seeks $756 million IPO in Korea
Line Games Corp., an affiliate of South Korea’s internet giant Naver Corp., plans to list its shares on the Korean stock market via an initial...
Dec 07, 2022 (Gmt+09:00)
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Bio & Pharma
MDimune signs research agreement with Australian National University
MDimune, a South Korean biotech company, said on Wednesday that it had signed an agreement with the Clear Vision Research (CVR) Lab, a research grou...
Dec 07, 2022 (Gmt+09:00)
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Korean startups
Korean hospitality startup Jienem enters Vietnam with local partners
Guesthouse accommodation service provider Jienem is revving up to enter the Vietnamese market.The South Korean startup announced Wednesday that it s...
Dec 07, 2022 (Gmt+09:00)
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Automobiles
SK Car Rental acquires ISO 45001 for safety, health management system
SK Car Rental said on Wednesday that it has obtained the safety and health management system (ISO45001) certification from the British Standards Ins...
Dec 07, 2022 (Gmt+09:00)
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Aerospace & Defense
Hyundai Rotem delivers first batch of K2 tanks to Poland in $3.4 bn deal
Hyundai Rotem Co., a South Korean defense equipment maker, said on Wednesday it has delivered the first batch of its battle tanks to Poland as part ...
Dec 07, 2022 (Gmt+09:00)
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Electronics
LG Electronics' OLED evo touted as Best TV of the Year
LG Electronics Inc.' OLED Evo has been touted as "The Best TV of the Year" by several global media outlets.According to company sources on Wednesday...
Dec 07, 2022 (Gmt+09:00)
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AgTech
S.Korea sends dairy cows, livestock genetic resources to Nepal
The South Korean government is donating dairy cows and genetic resources for cattle to Nepal.The Ministry of Agriculture, Food and Rural Affairs on ...
Dec 07, 2022 (Gmt+09:00)
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Future mobility
LG Innotek unveils plastic-glass lenses for self-driving car camera modules
LG Innotek, the electrical component unit of South Korea's LG Group, said on Wednesday that it has developed two types of high-performance hybrid le...
Dec 07, 2022 (Gmt+09:00)
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Chemical Industry
S.Korea develops carbon composite materials as its 2nd steel industry
The South Korean government will invest 185 billion won ($139.6 million) by 2030 in the development of technology for carbon composite materials, wh...
Dec 07, 2022 (Gmt+09:00)
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Business & Politics
LG plans additional $4 billion investment in Vietnam
South Korean electronics giants including LG Electronics and Samsung Electronics plan to pour billions of dollars of additional investment into Viet...
Dec 07, 2022 (Gmt+09:00)
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ESG
Kumho Tire receives silver medal from EcoVadis
Kumho Tire Co. announced on Tuesday that it received a silver medal from EcoVadis, a global ESG (environmental, social, and governance) evaluation a...
Dec 06, 2022 (Gmt+09:00)
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Airlines
Korean Air signs agreement with L3Harris for airborne control system
Korean Air Lines Co. is collaborating with L3Harris International, an American aerospace contractor, to introduce the airborne control system for th...
Dec 06, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
South Korea's Hyundai Heavy Industries establishes chief AI officer post
South Korea's Hyundai Heavy Industries Group has created the position of chief artificial intelligence (AI) officer (CAIO) to propel a major busines...
Dec 06, 2022 (Gmt+09:00)
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Beauty & Cosmetics
Shinsegae Int'l secures domestic sales rights for Italian brand Davines
South Korea's fashion retail giant Shinsegae International on Monday said it has acquired the domestic rights to sell the Italian haircare brand Dav...
Dec 06, 2022 (Gmt+09:00)
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Automobiles
Nexen Tire develops AI-based tech for road surface detection
Nexen Tire Corp. on Monday said it developed technology for road surface detection and analysis of tire braking distance using artificial intelligen...
Dec 06, 2022 (Gmt+09:00)
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Korean food
Kimchi exports to US reach record high of $27 million so far this year
Exports of kimchi to the United States increased steadily to reach a record high of $26.7 million worth of the fermented dish between January and No...
Dec 05, 2022 (Gmt+09:00)
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Executive reshuffles
Samsung Elec names first female president under Chairman Jay Y. Lee
Samsung Electronics Co., the world’s largest memory chip and smartphone maker, has carried out its year-end executive reshuffle, marked by its...
Dec 05, 2022 (Gmt+09:00)
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Korean startups
Korean restaurant startup GFFG raises $23 million in Series A round
South Korean lifestyle hospitality startup Good Food For Good (GFFG) announced Monday that it raised 30 billion won ($23.2 million) in Series A roun...
Dec 05, 2022 (Gmt+09:00)
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Automobiles
Hyundai Mobis to unveil new future mobility technologies at CES 2023
Korea's largest auto parts supplier Hyundai Mobis will take part in CES 2023, the world's largest info tech exhibition, to showcase cutting-edge t...
Dec 05, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Hahn & Co. completes SKC's industrial film unit takeover for $1.2 bn
South Korean private equity firm Hahn & Co. has completed a 1.6 trillion won ($1.2 billion) deal to wholly acquire the industrial film business ...
Dec 05, 2022 (Gmt+09:00)