Naver digital twin Saudi Arabia
Scope
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Automobiles
Kia reveals facelift of midsize sedan K5
Kia Corp. unveils the new K5, a facelift model of its signature midsize sedan K5. This car is the revamped of third-generation K5, launched in 2019....
Nov 02, 2023 (Gmt+09:00)
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Bio & Pharma
Naver-invested ichrogene enters Thai market
South Korea's digital healthcare startup ichrogene, with investment from Naver D2 Startup Factory (D2SF), entered into Thai market. Naver Corp....
Nov 01, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Naver replaces Nvidia GPU with Intel CPU for its AI map app server
South Korea’s web portal giant Naver Corp. has replaced the main chip supplier of its artificial intelligence server for its map service, Nave...
Oct 30, 2023 (Gmt+09:00)
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Earnings
S-Oil basks in hefty Q3 profit, expects strong winter demand
S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., said on Monday it swung to a net profit in the third quarter from a loss the year earli...
Oct 30, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha Ocean to design digital vessels with ABS
South Korea’s Hanwha Ocean Co. on Sunday announced its conclusion of a basic accord with the Houston-based American Bureau of Shipping (ABS) t...
Oct 30, 2023 (Gmt+09:00)
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Korean startups
AI, SaaS rule October D.Day with Amber Road snagging top spot
Amber Road won this month’s D.Day, South Korea’s oldest monthly startup pitch competition held on Thursday, with its artificial intellig...
Oct 27, 2023 (Gmt+09:00)
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ASK 2023
Digital infrastructure as essential as water today: asset managers
Digital assets are important components of change in the infrastructure investment landscape today and are as essential as water and electricity, ex...
Oct 27, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG Elec to launch new business with startup: LG NOVA head
SAN FRANCISCO – LG Electronics Inc. will set up a new business entity focusing on some of its new growth pillars — digital healthcare, c...
Oct 26, 2023 (Gmt+09:00)
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Corporate bonds
Naver succeeds in issuing $133 mn Samurai bonds
South Korea's Naver Corp. announced on Thursday it successfully issued Samurai bonds, becoming the first global IT company to do so. Naver's debut...
Oct 26, 2023 (Gmt+09:00)
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Artificial intelligence
Lunit joins Saudi gov't healthcare sandbox
South Korea's medical AI company Lunit has joined the Saudi Arabian government's Healthcare Sandbox initiative, a move to advance digital transforma...
Oct 26, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Naver Cloud to offer edutech service in Mongolia
South Korea's Naver Cloud, the cloud computing arm of Naver Corp., announced on Tuesday it will participate in the Digital Classroom Project of Mong...
Oct 25, 2023 (Gmt+09:00)
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Aerospace & Defense
Space industry to usher in Saudi Arabia's 2nd boom: KAI
Korea Aerospace Industries Ltd. (KAI) on Wednesday signed a memorandum of understanding with the Saudi Space Agency (SSA) to collaborate broadly in ...
Oct 25, 2023 (Gmt+09:00)
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Leadership & Management
Hyundai Motor chief aims to revive grandfather’s spirit in Saudi Arabia
Back in the 1970s, the Middle East was where many South Korean companies longed to be as the region was the country's main source of foreign income....
Oct 24, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Naver secures $100 mn digital twin project in Saudi Arabia
South Korea's dominant web portal giant Naver Corp. has won a contract to develop a Digital Twin platform for Saudi Arabia's Ministry of Municipal a...
Oct 24, 2023 (Gmt+09:00)
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Automobiles
KG Mobility to supply automotive parts to Saudi SNAM
South Korea's KG Mobility Corp., formerly Ssangyong Motor Co., announced on Monday it signed a memorandum of understanding (MOU) for building a part...
Oct 23, 2023 (Gmt+09:00)
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Energy
DL E&C, Saudi SWCC team up for carbon neutrality
South Korea's DL E&C Co. announced on Monday it signed a memorandum of understanding (MOU) for the application of small modular reactors (SMRs) ...
Oct 23, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor, PIF to invest $500 mn to build car plant in Saudi Arabia
RIYADH – Hyundai Motor Co. has agreed with the Public Investment Fund, Saudi Arabia’s sovereign fund, to set up a joint venture to build...
Oct 23, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Kakao Enterprise, Salesforce establish joint sales partnership
South Korea's Kakao Enterprise Corp. announced on Friday that it has formed a joint sales partnership with Salesforce Korea to support digital innov...
Oct 20, 2023 (Gmt+09:00)
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Artificial intelligence
Naver-invested Nota AI named global leader in AI optimization
South Korea’s Nota AI, an artificial intelligence (AI) optimization model company with investment from Naver D2 Startup Factory (D2SF), an inv...
Oct 20, 2023 (Gmt+09:00)
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Korean chipmakers
SK Hynix may block Kioxia-Western Digital merger
South Korean memory chip giant SK Hynix Inc. is rumored to be frowning on the integration of Japan’s Kioxia Holdings Corp. with US-based Weste...
Oct 18, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Naver launches AI-based hotel recommendations service
South Korea’s web portal giant Naver Corp. has launched a beta service for For You, which recommends hotels using artificial intelligence (A...
Oct 18, 2023 (Gmt+09:00)
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Food & Beverage
Nongshim invests $7.4 mn to nurture food tech startups
South Korean food and beverage giant Nongshim Co., unveiled plans on Wednesday to pump 10 billion won ($7.4 million) into venture funds, aiming to d...
Oct 18, 2023 (Gmt+09:00)
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Travel & Leisure
S.Korea sees rise in young, independent Chinese tourists
South Korea is welcoming a growing number of Chinese tourists since China lifted a ban on group tours to its neighboring country on Aug. 10 after mo...
Oct 15, 2023 (Gmt+09:00)
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Travel & Leisure
Seoul to launch AI chatbot service for foreign visitors' tour planning
Seoul city government is in talks with tech firms including Google LLC, Microsoft Corp. and Naver Corp. to provide foreigners with artificial intell...
Oct 11, 2023 (Gmt+09:00)
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Cloud computing
Amazon bets big on Korea digital transition with new spending
Amazon Web Services Inc. (AWS), the world's largest cloud platform provider, said on Wednesday it will nearly triple its investment in South Korea t...
Oct 11, 2023 (Gmt+09:00)
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Banking & Finance
KakaoBank to acquire 10% stake in Super Bank Indonesia
South Korea's KakaoBank Corp. announced on Tuesday its decision to invest in Indonesia's digital banking entity PT Super Bank Indonesia.This move ...
Oct 10, 2023 (Gmt+09:00)
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Banking & Finance
Korean banks go digital in Southeast Asia for non-interest gains
South Korea’s top four banks are strengthening their overseas operations, particularly in the digital banking business, to increase their non-...
Oct 05, 2023 (Gmt+09:00)
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Carbon neutrality
SK C&C invests in US startup Glassdome
South Korea's SK C&C announced on Thursday that it has made a new investment in Glassdome, a US carbon emission management solution startup.&nbs...
Oct 05, 2023 (Gmt+09:00)
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Retail
Naver's Kream integrates with Japan's Soda
Naver Corp.'s subsidiary Kream, the South Korean limited-edition goods trading platform has decided to merge its operations with Japan's Soda Inc., ...
Oct 04, 2023 (Gmt+09:00)
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Samsung Group
Samsung Chair Lee tours Middle East, ‘treasure trove’ of future growth
Jay Y. Lee, executive chairman of Samsung Electronics Co., has made his second visit in 10 months to the operations of South Korea’s most powe...
Oct 03, 2023 (Gmt+09:00)