large autonomous mobile robot
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Korean startups
Warehouse robotics maker Floatic raises $2.6 million in pre-Series A
Warehouse automation startup Floatic Robotics wrapped up its pre-Series A round with 3.4 billion won ($2.6 million). The Seoul-based company is...
Jul 21, 2022 (Gmt+09:00)
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Corporate restructuring
Kolon Global to spin off auto unit, eyes Kolon Mobility IPO in 2023
Kolon Global Corp., an affiliate of South Korean conglomerate Kolon, will spin off its car import business unit to improve management efficiency and...
Jul 21, 2022 (Gmt+09:00)
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Electronics
Patents, LG Elec.’s legacy from smartphone business
LG Electronics Inc., the global home appliance leader, is targeting the quickly growing global earbuds market with new products based on technologie...
Jul 19, 2022 (Gmt+09:00)
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Future mobility
Hyundai’s Supernal showcases flying electric car at UK air show
Supernal LLC, the urban air mobility affiliate of South Korea’s top automaker Hyundai Motor Co., has unveiled the cabin concept of its flying ...
Jul 19, 2022 (Gmt+09:00)
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ESG
LG Uplus aims to recycle 100% of industrial waste in 3 years
LG Uplus Corp. announced it will recycle 100% of industrial waste from its plants by 2025.The mobile network arm of LG Corp. published a report titl...
Jul 18, 2022 (Gmt+09:00)
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Future mobility
Hyundai, Kia to launch Level 3 self-driving Genesis G90, EV9 in 2023
South Korea’s Hyundai Motor Group will launch its most-advanced Level 3 autonomous cars next year, starting with Hyundai Motor Co.'s flagship ...
Jul 15, 2022 (Gmt+09:00)
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Robotics
LG stands out among conglomerates in race to strengthen robotics arms
South Korean conglomerates are rushing to nurture their robotics businesses, encouraged by surging demand for robots in the service industry.LG Elec...
Jul 15, 2022 (Gmt+09:00)
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Korean games
Korean gaming entrepreneur Kim Jae-young joins billionaire ranks
Kim Jae-young, founder and chief executive of Lionheart Studio Corp., the company behind South Korea’s most popular mobile game Odin, has join...
Jul 14, 2022 (Gmt+09:00)
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K-pop
Blackpink to hold K-pop’s first in-game concert on PUBG mobile game
Blackpink, the female K-pop idol group, will hold an in-game concert, the first such event by Korean pop artists, in collaboration with Krafton Inc....
Jul 12, 2022 (Gmt+09:00)
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Mobile networks
Samsung Elec. to launch Korea's first dual SIM smartphones in August
Samsung Electronics Co. is slated to enable embedded subscriber identity modules (eSIMs) into its new foldable smartphones available in South Korea ...
Jul 11, 2022 (Gmt+09:00)
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Korean games
Kakao-invested game developer Shiftup becomes unicorn startup
Shiftup Co., a South Korean mobile game developer, has joined the ranks of unicorns, or private companies worth $1 billion or more.The studio behind...
Jul 10, 2022 (Gmt+09:00)
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Electric vehicles
POSCO, LS Electric to build EV parts plants in Mexico
South Korea's POSCO International Co. broke ground on an electric vehicle parts plant in northern Mexico on July 6, while LS Electric Co. signed a t...
Jul 07, 2022 (Gmt+09:00)
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Korean games
Krafton founder: Robotics, deep learning should be S.Korea’s future
Krafton Inc. founder and chairman Chang Byung-gyu is a rare example of a serial entrepreneur in South Korea – a country dominated by family-ow...
Jul 05, 2022 (Gmt+09:00)
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Metaverse
SK Telecom gears up for global launch of metaverse platform
South Korea’s top mobile carrier SK Telecom Co. took steps to launch its metaverse platform in other countries as it aims to seek a future gro...
Jul 01, 2022 (Gmt+09:00)
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IPOs
Korea’s Socar gets pushback for high valuation ahead of IPO
South Korea’s mobility unicorn Socar Inc. faces controversy over its valuation after the car-sharing startup set the price guidance for its in...
Jun 30, 2022 (Gmt+09:00)
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Tech, Media & Telecom
KT, Swift Navigation team up for ultra-precision location service
KT Corp., a major South Korean telecommunications company, has partnered with Swift Navigation Co., a San Francisco-based technology firm, to commer...
Jun 30, 2022 (Gmt+09:00)
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Future mobility
SK Telecom expands system for self-driving in Seoul
SK Telecom Co., South Korea’s top mobile carrier, has expanded the area covered by the traffic control system for self-driving in Seoul, takin...
Jun 28, 2022 (Gmt+09:00)
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IPOs
Mobility platform Socar targets $1.2 bn value for Aug IPO
South Korea’s car-sharing platform Socar Inc. has estimated its corporate value at up to 1.6 trillion won ($1.2 billion) for an initial public...
Jun 27, 2022 (Gmt+09:00)
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Electric vehicles
LG Electronics, GS acquire AppleMango to launch EV charging business
LG Electronics Inc., in partnership with GS Group, is advancing into the electric vehicle charging service market by acquiring AppleMango Co., a Sou...
Jun 27, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Samsung to fuel rivalry with Sony in mobile image sensor market
Samsung Electronics Co. is set to narrow the gap with bigger competitor Sony in the global image sensor market. The South Korean tech giant introduc...
Jun 24, 2022 (Gmt+09:00)
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Future mobility
LG, Kakao Mobility to roll out autonomous delivery robot service
LG Electronics Inc. and Kakao Mobility Corp. have agreed to form a future mobility technology partnership with an aim to jointly launch an autonomou...
Jun 22, 2022 (Gmt+09:00)
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Artificial intelligence
LG CNS launches AI robot subscription service for warehouse operators
LG CNS unveiled a cloud-based logistics robot subscription service on Tuesday, which could save warehouse operators a significant amount in upfront ...
Jun 22, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Tech experts to discuss future mega-trends at KIF 2022
The Korea Investment Festival (KIF), the largest annual investor relations (IR) event in South Korea, will be held June 29-30 at the Fairmont Ambass...
Jun 17, 2022 (Gmt+09:00)
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Automobiles
LG Uplus’ Uplus Drive to be installed in Lexus New Generation NX series
The in-vehicle infotainment (IVI) system by LG Uplus will be equipped in the new line of vehicles by Toyota Motor Corp. and its luxury division Lexu...
Jun 16, 2022 (Gmt+09:00)
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Aerospace & Defense
Hanwha invests $115 mn in urban air mobility firm Overair
South Korea’s Hanwha Systems Co. and Hanwha Aerospace Co. have invested a combined $115 million in Series B funding for Overair Inc., a Califo...
Jun 15, 2022 (Gmt+09:00)
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Mergers & Acquisitions
MBK Partners in talks to buy Kakao Mobility
MBK Partners, one of the largest private equity firms in Asia, is in talks with the country’s top mobile platform Kakao Corp. to acquire share...
Jun 14, 2022 (Gmt+09:00)
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Metaverse
Mirae Asset Securities develops world's first virtual trading system
Mirae Asset Securities Co. announced Thursday it has developed the prototype for the world’s first virtual trading system (VTS,) which allows ...
Jun 10, 2022 (Gmt+09:00)
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Automobiles
Startup tapped to lead S.Korea’s autonomous car security project
South Korea has embarked on a public-private project to bolster communication security for autonomous driving, for which a domestic startup will pla...
Jun 09, 2022 (Gmt+09:00)
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Artificial intelligence
Naver to enter smart building market with 5G, AI robots
South Korea’s online portal giant Naver Corp. is set to enter the local smart building market with its cloud-based 5G networks and artificia...
Jun 08, 2022 (Gmt+09:00)
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Artificial intelligence
KAIST develops brain-like, large-scale memory system
The Korea Advanced Institute of Science & Technology (KAIST), a prestigious South Korean university, has developed a highly-reliable, large-scal...
Jun 08, 2022 (Gmt+09:00)
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