memory chip production Korea
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Korean food
Frozen kimbap market emerges as new K-food battlefield
South Korean fishery processing and seafood major Sajo Daerim Corp. has forayed into the frozen kimbap market, becoming a new big player in the coun...
Jun 14, 2024 (Gmt+09:00)
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Banking & Finance
BNK Capital opens microfinance organization in Uzbekistan
South Korea’s BNK Capital announced on Friday that it established a microfinance organization in Uzbekistan the previous day.Since entering Ca...
Jun 14, 2024 (Gmt+09:00)
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Shareholder value
Korea to put poison pill adoption on new policy agenda
South Korea will put the adoption of poison pills and dual-class shares on the new policy agenda at a meeting with business leaders this month, wher...
Jun 14, 2024 (Gmt+09:00)
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Korean food
Korean food firms chase sizzling K-food demand with expansion
South Korean food companies are scrambling to ramp up factory output at home and abroad to meet the insatiable appetite for Korean flavors and aroma...
Jun 14, 2024 (Gmt+09:00)
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Korean food
KGC enters Malaysian healty functional food market
Korea Ginseng Corp. (KGC), wholly owned by South Korean tobacco giant KT&G Corp., announced on June 13 that it sells its red ginseng brand Jung ...
Jun 14, 2024 (Gmt+09:00)
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Regulations
Korea likely to lift short-selling ban in April after leveling playing field
South Korea’s financial regulator, the Financial Services Commission (FSC), said on Thursday it will extend its blanket stock short-selling ba...
Jun 13, 2024 (Gmt+09:00)
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Energy
SK Energy to cut emissions with combined heat power system
SK Energy Co., a unit of South Korean oil refiner and battery maker SK Innovation Co., has begun operation of its gas combined heat power (CHP) syst...
Jun 13, 2024 (Gmt+09:00)
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Banking & Finance
Mirae Asset Indian subsidiary surpasses $21.8 bn in AUM
South Korea's Mirae Asset Global Investments Co. announced on Thursday that the total assets under management (AUM) of its Indian subsidiary have su...
Jun 13, 2024 (Gmt+09:00)
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Korean startups
Asia's largest startup fair NextRise 2024 held in Seoul
The Korea International Trade Association and Korea Development Bank announced on Thursday that the Asia's largest startup fair "NextRise 2024 Seoul...
Jun 13, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung unveils new foundry tech; AI chip sales to rise ninefold
SAN JOSE, Calif. – Samsung Electronics Co., the world’s largest memory chipmaker, on Wednesday unveiled a new contract chipmaking techno...
Jun 13, 2024 (Gmt+09:00)
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E-commerce
Affluent Gen Xers lead e-commerce shopping in South Korea
Affluent Generation Xers, also pioneers in the digital landscape who navigated the early days of personal computing and witnessed the advent of the ...
Jun 13, 2024 (Gmt+09:00)
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Hydrogen economy
Hyundai to debut car-carrier hydrogen trucks in H2
Hyundai Motor Co. plans to roll out car carrier trailers and refrigerator trucks powered by hydrogen in the second half of this year with a focus on...
Jun 13, 2024 (Gmt+09:00)
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Electric vehicles
SK, Geely join forces for EV battery, component production
SK Inc., the holding company of South Korea’s No. 2 conglomerate SK Group, will join forces with Chinese auto giant Zhejiang Geely Holding Gro...
Jun 12, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Doosan Bobcat to buy ex-sibling Mottrol for $178.6 million
Doosan Bobcat Inc., a major compact construction machinery and equipment maker under South Korean conglomerate Doosan Group, will buy back its forme...
Jun 12, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Rebellions-Sapeon Korea merger to challenge Nvidia’s AI chip dominance
Rebellions Inc., a South Korean artificial intelligence chip design startup, is merging with its crosstown rival Sapeon Korea Inc., an AI chip firm ...
Jun 12, 2024 (Gmt+09:00)
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Tech, Media & Telecom
LG Innotek begins supplying AI chip substrates to Big Tech
LG Innotek Co., a leading South Korean electronics parts maker, is for the first time supplying high-performance chip substrates for AI devices to g...
Jun 12, 2024 (Gmt+09:00)
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Electric vehicles
POSCO Int'l breaks ground on traction motor core plant in Poland
South Korea's POSCO International Corp., broke ground on the new electric vehicle (EV) traction motor core plant in Brzeg, Opole Voivodeship, Poland...
Jun 12, 2024 (Gmt+09:00)
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Aerospace & Defense
Hanwha picked to develop KF-21’s unmanned escort plane radars
Hanwha Systems Co., a South Korean aerospace and defense contractor, has been picked as a preferred developer by the state-run Korea Institute for D...
Jun 11, 2024 (Gmt+09:00)
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Artificial intelligence
LG Uplus’ AI ixi to be available on Instagram
LG Uplus Corp. will enable its artificial intelligence ixi on Instagram later this year to allow more people to have easy access to the most sensati...
Jun 11, 2024 (Gmt+09:00)
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Pension funds
Korea may mandate pension plans for all workplaces from 2025
South Korea is seeking to introduce corporate pension plans to all workplaces in stages starting next year, alongside mandatory contributions to the...
Jun 11, 2024 (Gmt+09:00)
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Economy
S.Korea’s current account swings to deficit on higher dividend payouts
South Korea logged a current account deficit in April, ending a streak of surpluses for the past 11 months, on seasonal factors such as increased di...
Jun 11, 2024 (Gmt+09:00)
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Entertainment
HYBE accelerates transition into platform company
HYBE Co. is accelerating its push to transform into a platform company as it prepares to launch a new digital fan community platform. This platform ...
Jun 10, 2024 (Gmt+09:00)
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ESG
Hyundai Motor to restore forest ecosystem
Hyundai Motor Co. announced on Monday that it signed a memorandum of understanding (MOU) for a Sustainable Forest Ecosystem Restoration Project with...
Jun 10, 2024 (Gmt+09:00)
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Markets
Korean retail investors’ US stockholdings at record high
South Korean individual investors’ US stockholdings swelled to a record $82.19 billion as of early June amid the US stock market rally, while ...
Jun 10, 2024 (Gmt+09:00)
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Electric vehicles
US, China to serve as Kia’s key offshore EV production bases
Kia Corp., South Korea’s second-largest carmaker after its sibling Hyundai Motor Co., has upped the stakes in China and the US to bolster its ...
Jun 09, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Southeast Asia, Korea Inc’s new IT outsourcing powerhouse
PHNOM PENH – South Korean technology companies grappling with prolonged software developer shortages are actively broadening their search for ...
Jun 09, 2024 (Gmt+09:00)
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Korean stock market
Korea's short-selling ban impedes MSCI index upgrade
South Korea is expected to retain its MSCI’s emerging market status as the global index provider said in its June 6 report that the country&rs...
Jun 07, 2024 (Gmt+09:00)
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Bio & Pharma
Samsung Biologics eyes windfall gain amid US-China row
SAN DIEGO – Samsung Biologics Co. is enjoying a stream of contract development and manufacturing order inquiries from big pharmaceutical compa...
Jun 07, 2024 (Gmt+09:00)
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Economy
S.Korea beats Japan in GNI per capita for 1st time in 2023
South Korea outstripped Japan in terms of per capita gross national income (GNI) for the first time in 2023, central bank data showed, with the Japa...
Jun 05, 2024 (Gmt+09:00)
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Retail
Shinsegae, CJ to tie up for product delivery, food launch
Retail-focused Shinsegae Group is set to outsource delivery services and logistics management for its e-commerce platforms such as SSG.COM and Gmark...
Jun 05, 2024 (Gmt+09:00)