cloud-based AI drug development platform
Scope
Date
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Korean startups
Korean AI startups yet to join global unicorn club
The number of artificial intelligence unicorns has been on the rise thanks to the AI boom, but none of these South Korean AI startups have yet to jo...
May 27, 2024 (Gmt+09:00)
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Artificial intelligence
SK Telecom to launch AI assistants for corporate clients
SK Telecom Co., South Korea’s top mobile carrier, plans to introduce customized services to connect major large language models (LLMs) and cor...
May 27, 2024 (Gmt+09:00)
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Chemical Industry
LG Chem, KCC partner to develop eco-friendly paint
South Korea's LG Chem Ltd. announced on Monday that it signed a memorandum of understanding (MOU) with KCC Corp. on May 23 to research and develop e...
May 27, 2024 (Gmt+09:00)
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Corporate strategy
SK Innovation’s Ulsan plant goes smarter with AI, robot dog, AR tech
ULSAN, South Gyeongsang Province – At a petrochemical plant run by SK Innovation Co., South Korea’s largest oil refiner, Spot, a robot d...
May 26, 2024 (Gmt+09:00)
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Energy
Hanwha Q Cells eyes solar power business diversification
Hanwha Q Cells Co., a solar power unit of South Korean chemicals-to-defense conglomerate Hanwha Group, is striving for revenue stream diversificatio...
May 24, 2024 (Gmt+09:00)
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Bio & Pharma
Handok gets Biocon's obesity drug exclusive distribution in S.Korea
South Korean pharmaceutical company Handok Inc. announced on Friday that it signed an exclusive domestic sales and distribution agreement with India...
May 24, 2024 (Gmt+09:00)
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Hydrogen economy
Hanwha Aerospace, Hanwha Ocean to develop hydrogen fuel cells
South Korea's Hanwha Aerospace Co. announced on Friday that it will join Hanwha Ocean Co. in a joint R&D initiative to target the eco-friendly...
May 24, 2024 (Gmt+09:00)
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Earnings
Yanolja gains momentum with cloud, overseas trip businesses
SoftBank-backed Yanolja Co. cheered stellar earnings in the first quarter after its new businesses – cloud and outbound trip services – ...
May 24, 2024 (Gmt+09:00)
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Energy
Samsung, KEPCO to collaborate on power facility tech
Samsung Electronics Co. and Korea Electric Power Corp. (KEPCO) announced on Friday that they signed a memorandum of understanding (MOU) to cooperate...
May 24, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai, Shell to develop liquefied hydrogen carrier
HD Hyundai Co., a South Korean shipbuilding and machinery conglomerate, announced on Friday that it will collaborate with global energy compa...
May 24, 2024 (Gmt+09:00)
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Bio & Pharma
Celltrion eyes M&A in Europe, $3.3 bn Zymfentra sales: chairman
WASHINGTON, D.C. – South Korean biosimilar giant Celltrion Inc. is accelerating its push to transform into a novel drug developer, going after...
May 23, 2024 (Gmt+09:00)
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Tech, Media & Telecom
LG CNS' marketing platform MOP surpasses 800 corporate customers
South Korea’s LG CNS Co., a cloud computing services arm of LG Corp., announced on Thursday that its Marketing Optimization Platform (MOP), la...
May 23, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Cosmax develops smart color matching AI system
Cosmax Inc., South Korea's largest cosmetics manufacturer specializing in original design manufacturing (ODM), built a makeup product development ...
May 23, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Lunit buys breast cancer detection AI firm Volpara Health
Lunit Inc., a South Korean cancer diagnostics AI company, has completed the acquisition of Volpara Health Technologies Ltd., a New Zealand-based AI ...
May 22, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung to unveil QLC-based NAND in H2 to lead AI storage market
Samsung Electronics Co., the world’s largest memory chipmaker, plans to unveil a new high-capacity NAND memory chip in the second half to lead...
May 22, 2024 (Gmt+09:00)
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Korean games
Krafton's Overdare conducts alpha test in SE Asia
South Korea's gaming giant Krafton Inc. announced on Wednesday that it will conduct an overseas alpha test for Overdare, a mobile user-generated con...
May 22, 2024 (Gmt+09:00)
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Food & Beverage
Hanwha Foodtech opens R&D center in Seongnam
Hanwha Foodtech, a subsidiary of Hanwha Hotels & Resorts specializing in food and beverages, announced on Wednesday that it opened a research an...
May 22, 2024 (Gmt+09:00)
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Electronics
Samsung’s new AI PC to hit global market in mid-June
Samsung Electronics Co. will start offering the Galaxy Book4 Edge, a new addition to its latest flagship Galaxy Book4 laptop series and powered by b...
May 21, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai Motor, Kia to develop alternative to rare earth materials
Hyundai Motor Co. and Kia Corp. have partnered with South Korea's universities to secure materials for vehicle electrification components.Hyundai Mo...
May 21, 2024 (Gmt+09:00)
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Pension funds
NPS to spur buyout, VC in US tech sector: chairman
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, will speed up its private equity (PE) investments ...
May 21, 2024 (Gmt+09:00)
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Artificial intelligence
Korean Air, Amazon to build AI customer center
South Korea's Korean Air Lines Co. announced on Monday that it will build an artificial intelligence (AI) contact center (AICC) platform in collabor...
May 21, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai to develop hydrogen supercar for launch in 2026
Hyundai Motor Group, the global No. 3 automaker, is set to develop the world’s first hydrogen-powered supercar for launch in 2026 as the South...
May 20, 2024 (Gmt+09:00)
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Corporate strategy
Hyundai Motor unveils detailed $3.4 billion GBC new headquarters plan
South Korea’s top automaker Hyundai Motor Group on Monday unveiled detailed plans for its 4.6 trillion won ($3.4 billion) new headquarters, or...
May 20, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung SDS taps generative AI to counter logistics risks
Samsung SDS Co., the information technology service unit under Samsung Group, actively incorporates generative artificial intelligence and machine...
May 20, 2024 (Gmt+09:00)
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Artificial intelligence
Conversational AI startup Rapeech attracts $4.4 mn investment
South Korean conversational artificial intelligence (AI) startup Rapeech announced on Sunday that it attracted an investment of 6 billion won ($4....
May 20, 2024 (Gmt+09:00)
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Electronics
Samsung releases new Bespoke AI Family Hub product
Samsung Electronics Co. announced on Friday the launch of a new "Bespoke AI Family Hub" refrigerator, designed to offer new AI experiences in everyd...
May 17, 2024 (Gmt+09:00)
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Banking & Finance
KB Kookmin Bank, Cambodian Central Bank to build payment system
South Korea's KB Kookmin Bank announced on Friday that it signed a memorandum of understanding (MOU) with the National Bank of Cambodia to establish...
May 17, 2024 (Gmt+09:00)
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Regulations
South Korea to ban Chinese online products without KC certification
South Korea will ban products purchased online through overseas shopping platforms but without the KC certification amid growing concerns about prod...
May 17, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy unveils eco-friendly ships, AI tech in Europe
Samsung Heavy Industries Co., South Korea’s second-largest shipbuilder, showcased new eco-friendly ships and digital vessel technology to ride...
May 16, 2024 (Gmt+09:00)
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Logistics
Korea’s LX Pantos, China’s Sinotrans agree to launch logistics JV
LX Pantos Co., the logistics unit of South Korea’s LX Group, said on Thursday it will launch a multimodal transport joint venture with Sinotra...
May 16, 2024 (Gmt+09:00)