development business sector

South Korea's Robotis Co. said on Tuesday it partnered with the Massachusetts Institute of Technology (MIT) to develop physical AI.Robotis and MIT w...

Samsung Electronics Co. and SK Hynix Inc. are said to each be developing a sixth-generation high-bandwidth memory (HBM4) chip prototype for Tesla In...

Panmnesia, a South Korean fabless startup specializing in compute express link (CXL) technology, said on Tuesday it raised 80 billion won ($57 milli...

CJ CheilJedang Corp., South Korea’s largest food company, is seeking to sell its bio business for about 6 trillion won ($4.3 billion) in what ...

Salesforce Inc., the world’s top customer relationship management (CRM) platform, is grappling with a major service outage affecting more than...

LG Electronics Inc., the leading global home appliance maker, is considering expanding its subscription service into new overseas markets, such as I...

The four major duty-free shop operators in South Korea on Thursday posted operating losses in the third quarter, marking the first quarter in almo...

Kia Corp., South Korea’s second-largest automaker, said on Thursday it signed a memorandum of understanding (MOU) to supply its purpose-built ...

AmorePacific Corp., South Korea’s No. 1 cosmetics group, will rebalance its China-heavy global business to focus on the US and Europe while lo...

Lotte Engineering & Construction (E&C) said on Tuesday developed carbon dioxide-infused mortar technology for flooring with Hanil Cement Co....

SK Group, South Korea’s second-largest conglomerate, said on Monday it plans to nurture 10,000 artificial intelligence professionals over the ...

South Korea's Hyundai Mobis, the world’s fifth-largest auto parts supplier, said on Monday that it developed a leaf spring using lightweight p...

LG Display Co., South Korea’s leading display maker under LG Electronics Inc., has developed the industry’s first display that can be st...

South Korea's SK Ecoplant Co. said on Friday it held the "2024 ConTech Meet-Up Day" award ceremony at the Grand Walkerhill Hotel in Seoul. ConTech M...

Rebellions, a South Korean artificial intelligence (AI) chip design startup, said on Friday its strategic partnership with Taiwanese Design and Manu...

South Korea's GS Retail said on Friday it selected six startups—Studio Lab, Tilda, Oasis Business, YesPlzAI, Vessl AI, and Raondata—th...

Korea Electric Power Corp. (KEPCO), the South Korean state-run utility company, said on Thursday it signed a memorandum of understanding (MOU) with ...

NEW YORK – Democratic US Representative Andy Kim, the first Korean American elected to the US Senate, has pledged to strengthen the relationsh...

South Korean-owned sportswear brand Fila said on Tuesday it scaled back its loss-making US business to improve earnings through a restructuring in N...

Coupang Inc., South Korea’s answer to global e-commerce giant Amazon.com, posted its highest quarterly sales in the third quarter and swung to...

LIG Nex1 Co., a leading defense systems developer in South Korea, announced on Wednesday that it had signed a comprehensive memorandum of understand...

South Korea's Hanwha Systems Co. said on Tuesday that it signed a memorandum of understanding (MOU) with HJ Shipbuilding & Construction Co. to...

Daedong Group, South Korea's leading agricultural machinery manufacturer, said on Monday it established Daedong Robotics, an intelligent autonomous ...

South Korea's HD Hyundai Infracore Co. said on Monday it partnered with Amogy Inc., a US-based ammonia-powered systems developer, and SK Innova...

South Korea's small space launch vehicle startup Perigee Aerospace Inc. said on Friday it signed a memorandum of understanding (MOU) with Quantum Ae...

South Korean solar cell companies such as Hanwha Q Cells Co. and OCI Holdings Co. are set to benefit from expanded subsidies covered by the US CHIPS...

Hyundai Motor Co., South Korea’s top automaker, is set to introduce a tougher emissions standards-compliant model in Europe next year ahead of...

RideFlux Inc., a South Korean autonomous driving technology startup, raised 26 billion won ($1.9 million) in a Series B funding round about four mon...

Samsung Electronics Co. reported weaker-than-expected operating profit in its chip business in the third quarter but expects a rise in sales of its ...

South Korea's LG Chem Ltd., the world’s fourth-largest chemical manufacturer, said on Wednesday it will expand into the automotive adhesives m...