Model 2
Scope
Date
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Tech, Media & Telecom
S.Korea to allocate 70% of annual R&D budget to eleven core tech areas
The South Korean government plans to allocate 70% of its annual R&D budget to 40 projects for research and development in eleven core industrial...
Apr 10, 2023 (Gmt+09:00)
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Electronics
Samsung Galaxy S23 sales beat S22, enticing MZers
The Galaxy S23 series of Samsung Electronics Co. smartphones have beaten their predecessor Galaxy S22 smartphones in sales volume, less than two mon...
Apr 06, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Samsung unveils full 2023 new smart monitor lineup
Samsung Electronics Co. will release a new lineup of smart monitors with significantly enhanced home office and personalized features.According to S...
Apr 05, 2023 (Gmt+09:00)
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Bio & Pharma
Management dispute over S.Korea’s CTC Bio heats up
A management dispute over a South Korean pharmaceutical maker CTC Bio Inc. specializing in animal drugs is intensifying as another medical company h...
Apr 04, 2023 (Gmt+09:00)
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Bio & Pharma
Lunit’s AI analysis solution client companies exceed 2,000
South Korean medical AI company Lunit announced on Tuesday that more than 2,000 medical institutions worldwide have adopted its AI-based diagnostic ...
Apr 04, 2023 (Gmt+09:00)
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Korean games
Rule prevents release of sequel to hit game Modoo Marble in S.Korea
The sequel to the popular real estate board game Modoo Marble is unavailable in South Korea because of the country's ban on play-to-earn (P2E) games...
Apr 04, 2023 (Gmt+09:00)
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Korean chipmakers
SK Hynix to raise $1.5 bn in exchangeable bonds
SK Hynix Inc., the world’s second-largest memory chipmaker, said on Monday it would raise $1.5 billion through exchangeable bonds (EBs) in a p...
Apr 03, 2023 (Gmt+09:00)
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Tech, Media & Telecom
S.Korea's S-1 releases facial recognition reader 2.0
South Korea's system securities provider S-1 Corp. has launched a new solution that reduces the facial recognition time by 40% compared to previous ...
Apr 03, 2023 (Gmt+09:00)
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Automobiles
KG Mobility expands into Southeast Asia with Futa Group partnership
KG Mobility, previously known as Ssangyong Motor Co., announced on Friday its alliance with Vietnam's Kim Long Motor, a subsidiary of the Futa Group...
Mar 31, 2023 (Gmt+09:00)
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Korean startups
KB Financial launches $193 million fund to invest in global startups
South Korea’s second-largest financial institution KB Financial Group will launch a 250 billion won ($193 million) fund to invest in startups ...
Mar 31, 2023 (Gmt+09:00)
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Korean chipmakers
SK Hynix unsure about applying for US chip subsidies: CEO
SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., said on Wednesday it is unsure about applying for US...
Mar 29, 2023 (Gmt+09:00)
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Korean chipmakers
TSMC-Nvidia alliance step up 2 nm chip rivalry with Samsung
TSMC Co. appears to be at the forefront of efforts to produce ultra-advanced semiconductor chips as the world's largest contract chip manufacturer i...
Mar 29, 2023 (Gmt+09:00)
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Korean food
US set to emerge as top global buyer of Korean kimchi: Daesang
South Korean kimchi exports to the US have soared since the pandemic as local distribution channels expanded and cooking at home increased, accordin...
Mar 28, 2023 (Gmt+09:00)
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Automobiles
GM's SUV Trax Crossover gets 6,000 preorders in 3 days
The Chevrolet Trax Crossover, a utility vehicle mass produced by General Motors Korea, is soon expected to exceed 10,000 preorders amid greater-than...
Mar 27, 2023 (Gmt+09:00)
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Artificial intelligence
LG takes lead in nurturing young AI talent by holding AI hackathon
South Korea's LG announced on Sunday that it held the "LG AI Hackathon" for nurturing young artificial intelligence (AI) talent for two days from ...
Mar 27, 2023 (Gmt+09:00)
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Energy
Hanwha to build solar cell components plant in Georgia
South Korea’s Hanwha Advanced Materials Corp. will spend $147 million to build a solar panel components plant in the US state of Georgia, acco...
Mar 24, 2023 (Gmt+09:00)
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Electronics
Samsung's laptop Galaxy Book 3 sees 250% sales growth from predecessor's
Samsung Electronics Co.’s premium laptop PC series Galaxy Book 3 is a global hit since its release last monthIts reception has grown so high t...
Mar 24, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Heavy tops global 2-stroke engine production
South Korea’s Hyundai Heavy Industries Co. became the world’s first shipbuilder to have marked 200 million brake horsepower (bhp) in cum...
Mar 22, 2023 (Gmt+09:00)
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Future mobility
Kakao Mobility buys UK ride-hailing startup Splyt for global biz
South Korea’s Kakao Mobility Corp. said on Wednesday it has acquired the British ride-hailing startup Splyt, marking the first overseas takeov...
Mar 22, 2023 (Gmt+09:00)
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Energy
Korea Western Power lands nation's first solar power order in Oman
Korea Western Power Co. (KOWEPO) has won its country's first project in solar power generation in Oman.The company on Tuesday announced its successf...
Mar 22, 2023 (Gmt+09:00)
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Electronics
Samsung Electro-Mechanics releases 200-megapixel camera module
South Korea's Samsung Electro-Mechanics on Monday announced its release of a smartphone camera module with 200 megapixels and double the shake reduc...
Mar 20, 2023 (Gmt+09:00)
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Electronics
Samsung denies claim of fake moon photo by premium smartphone model
Samsung Electronics Co. has denied that a photo of the moon in the night sky taken by its premium smartphone Galaxy S23 Ultra is fake, saying as soo...
Mar 17, 2023 (Gmt+09:00)
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Bio & Pharma
S.Korea's FutureChem gets approval for phase 3 clinical trials in China
South Korean radiopharmaceutical development company FutureChem Co. announced on Thursday that China's National Medical Products Administration (NMP...
Mar 17, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai Rotem's unmanned electric trains exported to Malaysia start running
South Korea’s Hyundai Rotem has started running all of the unmanned electric trains it has exported to Malaysia.The company on Thursday said 4...
Mar 16, 2023 (Gmt+09:00)
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Economy
S.Korea’s jobs in February grow at slowest pace in 2 years
South Korea’s jobs grew at the slowest pace in two years last month partly owing to a slowdown in the country’s manufacturing sector due...
Mar 16, 2023 (Gmt+09:00)
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Mergers & Acquisitions
HYBE to buy 2 labels in the Americas after dropping SM bid
HYBE Co., the company behind global sensation BTS, plans to acquire at least two prominent labels in the Americas this year as it aims to become a m...
Mar 15, 2023 (Gmt+09:00)
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Electric vehicles
Kia unveils flagship EV9 design; world premiere in March
Kia Corp. on Wednesday showcased its large flagship electric sport utility vehicle EV9 as the No. 2 South Korean carmaker is extending its EV lineup...
Mar 15, 2023 (Gmt+09:00)
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Future mobility
SK sells US car-sharing firm Turo stake to earn over $32 mn
South Korea’s second-largest conglomerate SK Group exited from Turo, the US top peer-to-peer car-sharing company, to make an estimated return ...
Mar 15, 2023 (Gmt+09:00)
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Airlines
Eastar Jet to add 7 airplanes with aim to rake in $111.2 mn in 2023 sales
Eastar Jet Co., a South Korean low-cost airline, will expand its fleet to 10 aircraft this year to resume flight services at home and abroad about t...
Mar 14, 2023 (Gmt+09:00)
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Electronics
Samsung's Neo QLED selected as Best Gaming TV by Consumer Reports
Samsung Electronics Co.'s Neo QLED was recently awarded "Best Gaming TV" by Consumer Reports, a leading American consumer magazine. The magazine tes...
Mar 13, 2023 (Gmt+09:00)