Public Procurement Service
Scope
Date
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Korean startups
Deep learning SaaS provider Z.Ai wins at D.Camp pitch competition
Deep learning-based Software as a Service (SaaS) provider Z.Ai Inc. won the September pitch competition hosted by Seoul-based startup accelerator D....
Oct 02, 2022 (Gmt+09:00)
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Batteries
SK On inks lithium deal with Australian firm for US tax credit
SK On Co., the world’s fifth-largest electric vehicle battery maker, has signed a deal with an Australian lithium producer. Securing the core ...
Sep 29, 2022 (Gmt+09:00)
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Fintech
Kakao to challenge Naver, Apple for offline payment services
South Korea’s largest mobile payment app KakaoPay has bought a stake in the country’s No. 1 electronic payment system provider, accordin...
Sep 29, 2022 (Gmt+09:00)
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Robotics
LG Elec., Uplus team up to expand service robot business
South Korea’s home appliance giant LG Electronics Inc. and mobile carrier LG Uplus Corp. will join forces to expand their service robot busine...
Sep 22, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Samsung Elec to supply 5G telecom equipment to Comcast
Samsung Electronics Co., South Korea’s tech behemoth, agreed to supply 5G telecommunication equipment to US media giant Comcast Corp.Samsung s...
Sep 22, 2022 (Gmt+09:00)
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Real estate
Korean warehouse project financing on brink of debt crisis
Warehouse development projects in South Korea, which boomed amid COVID-19, are facing challenges such as suspension of construction projects and ban...
Sep 21, 2022 (Gmt+09:00)
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Cloud computing
LG's 5G backup system installed in AWS cloud platform
LG Uplus Corp., a South Korean internet service provider, said on Tuesday that it has installed its 5G mobile backup network system in the cloud com...
Sep 20, 2022 (Gmt+09:00)
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Tech, Media & Telecom
SK Broadband develops green, efficient network technology
South Korea's internet service provider SK Broadband Co. has developed optical communications technology that simultaneously provides differing degr...
Sep 20, 2022 (Gmt+09:00)
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Future mobility
Korea unveils autonomous driving, commercial drone service roadmap
South Korea aims to launch advanced autonomous driving, commercial drone and other urban air mobility services by 2025, as the country strives to be...
Sep 19, 2022 (Gmt+09:00)
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Future mobility
Kakao Mobility, Hyundai to launch pilot robotaxi service by year-end
Kakao Mobility Corp., which runs South Korea’s most popular taxi-hailing app, and top Korean automaker Hyundai Motor Co. have agreed to launch...
Sep 19, 2022 (Gmt+09:00)
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Automobiles
Drivers try racing Hyundai’s latest models at Asia’s largest driving center
The HMG Driving Experience Center, which is set to open on Sept. 16, will offer the general public an opportunity to try out aspects of professional...
Sep 16, 2022 (Gmt+09:00)
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Korean startups
CJ OliveNetworks to expand fandom platform services
CJ OliveNetworks Co., a South Korean digital software developer, has joined hands with bemyfriends, a startup specializing in the global K-pop fando...
Sep 15, 2022 (Gmt+09:00)
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Electric vehicles
LG Group revs up EV charging businesses to lead burgeoning sector
LG Group affiliates, notably LG Electronics Inc. and LG Uplus Corp., are entering the electric vehicle (EV) charging business in full force. In...
Sep 13, 2022 (Gmt+09:00)
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Upcoming IPOs
DRX aims to be first Korean e-sports firm to go public with 2024 IPO
South Korea’s e-sports company DRX is aiming to become the first e-sports firm to list on the secondary bourse Kosdaq with its planned 2024 IP...
Sep 08, 2022 (Gmt+09:00)
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Automobiles
Hyundai opens Asia’s largest driving center in S.Korea
Hyundai Motor Group, South Korea’s top automaker, on Wednesday opened the largest driving center in Asia to showcase the performance of its ve...
Sep 07, 2022 (Gmt+09:00)
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Cloud computing
Hancom to focus on cloud computing and AI services
South Korea’s homegrown software giant Hangul and Computer Group, also known as Hancom Inc. Group, is slated to transform itself into a cloud ...
Sep 07, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Kakao joins race to become private 5G network provider
Kakao Enterprise Corp. is poised to become a private 5G network provider, for use within the parent company Kakao Corp. and for serving outside clie...
Sep 05, 2022 (Gmt+09:00)
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Mergers & Acquisitions
MBK’s talks to buy S.Korean education platform falter
MBK Partners’ talks to buy a controlling stake in South Korea’s MegaStudyEdu Co. have collapsed, the company said on Friday, a deal esti...
Sep 02, 2022 (Gmt+09:00)
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Tech, Media & Telecom
South Korea’s tech giants bolster short-form video content services
South Korea’s tech behemoth Naver Corp. is poised to strengthen its short-form content service on surging demand for video content that is les...
Sep 02, 2022 (Gmt+09:00)
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K-pop
S.Korea mulls public survey to decide on BTS' military service exemption
The issue of allowing K-pop megaband BTS to fulfill alternative service to active military duty resurfaced again on Thursday, with government offici...
Sep 01, 2022 (Gmt+09:00)
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Pension funds
NPS' new chairman Kim Tae-hyun to start 3-year term
South Korea’s National Pension Service (NPS) is set for its new Chairman Kim Tae-hyun, a former CEO of state-run Korea Deposit Insurance Corp....
Sep 01, 2022 (Gmt+09:00)
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Carbon neutrality
Hyundai, Ultra Safe Nuclear sign micro reactor procurement agreement
Hyundai Engineering Co., the plant engineering and construction arm of Hyundai Motor Group, announced on Friday that it signed a framework agreement...
Aug 28, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Korean teens prefer TikTok over KakaoTalk, says survey
South Korean teens appear to prefer to do their social networking on TikTok over KakaoTalk, as short-form videos surge in popularity worldwide. ...
Aug 26, 2022 (Gmt+09:00)
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Electric vehicles
Korea targets Tesla, imported EVs with new subsidy policy
South Korea is planning to set up a new subsidy policy for electric vehicle purchases, which will be commensurate to the EV makers’ after-sale...
Aug 24, 2022 (Gmt+09:00)
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Robotics
LG, KT join forces to launch next-generation service robots
South Korea’s leading telecommunications company KT Corp. has partnered with LG Electronics Inc. to develop and launch next-generation custome...
Aug 17, 2022 (Gmt+09:00)
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Artificial intelligence
Silicon Valley-based AI startup Allganize revs up to go public in Japan
Allganize Inc., a Silicon Valley-based artificial intelligence (AI) startup, recently announced the company will relocate some of its headquarters f...
Aug 17, 2022 (Gmt+09:00)
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Future mobility
Korean e-scooter platforms diversify to survive
South Korean shared electric scooter platforms are taking over their smaller rivals or entering new markets as beefed-up safety guidelines on two-wh...
Aug 16, 2022 (Gmt+09:00)
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IPOs
S.Korea’s SPAC IPOs eclipse company public listings
Special purpose acquisition companies (SPACs) are gaining momentum in South Korea’s initial public market on the back of eased regulations and...
Aug 10, 2022 (Gmt+09:00)
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Earnings
Kakao to bolster open chat, ad services for growth
South Korea’s leading online platform operator Kakao Corp. on Thursday unveiled plans to bolster its open chat and advertising businesses to a...
Aug 05, 2022 (Gmt+09:00)
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Korean games
DeFi platform Neopin unveils plan for Web 3.0, NFT, multichain services
Blockchain firm Neopin announced its strategy to strengthen its foothold in the global DeFi Market on Thursday with four keywords: Web 3.0, multicha...
Aug 04, 2022 (Gmt+09:00)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer