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Corporate investment
SK Group, led by SK Hynix, to invest $77 billion in AI, chips
SK Group, South Korea’s second-largest conglomerate after Samsung, is investing 106.4 trillion won ($77 billion) in artificial intelligence an...
2 HOURS AGO
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Electronics
Samsung OLED gaming monitor sales surpass 20,000 units
Samsung Electronics Co. announced on Monday that its sales of the new Odyssey OLED gaming monitor series have surpassed 20,000 units in a month.&nbs...
5 HOURS AGO
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Automobiles
Hyundai Mobis combines electrification, module divisions
Hyundai Mobis Co., the world’s sixth-largest auto parts maker, said on Friday it has merged its electrification and module divisions to stream...
Jun 30, 2024 (Gmt+09:00)
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Future mobility
Naver Whale features in Renault Korea vehicles
South Korea’s homegrown web browser Whale, developed by Naver Corp., will be installed in Renault Korea cars. Naver Cloud announced on Friday...
Jun 28, 2024 (Gmt+09:00)
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Korean chipmakers
SK Hynix develops SSD for AI PCs to be mass-produced this year
South Korea’s SK Hynix Inc. introduced a solid-state drive (SSD) for on-device artificial intelligence PCs for mass production this year, to e...
Jun 28, 2024 (Gmt+09:00)
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Automobiles
Hyundai Inster, Kia EV3, Genesis Neolun shine at Busan auto show
BUSAN – Hyundai Motor Co., South Korea’s top automaker, on Thursday premiered the Inster, an all-electric crossover city car, the latest...
Jun 27, 2024 (Gmt+09:00)
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Electronics
Samsung Electronics unveils new smartphone image sensors
Samsung Electronics Co. has developed new image sensors -- ISOCELL HP9, ISOCELL JN5 and ISOCELL GNJ -- expected to enable smartphones to take cleare...
Jun 27, 2024 (Gmt+09:00)
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Mergers & Acquisitions
SK Bioscience to buy German vaccine maker IDT Biologika for $244 mn
South Korea’s vaccine developer SK Bioscience Co. will acquire a controlling stake in the world’s top 10 vaccine firm IDT Biologika GmbH...
Jun 27, 2024 (Gmt+09:00)
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Electronics
Galaxy Ring, new foldables set to steal the show at Samsung Unpacked Paris
Now it’s official. Samsung Electronics Co. is hosting its next Galaxy Unpacked summer event in Paris on July 10.Samsung picked Paris as the ve...
Jun 26, 2024 (Gmt+09:00)
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Corporate bonds
Doosan emerges as darling in Korea’s BBB bond market
Doosan Co. is poised to raise up to 80 billion won ($58 million) in bond sales this week following its credit rating upgrade as the holding company ...
Jun 25, 2024 (Gmt+09:00)
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Korean food
Mom's Touch adds two new restaurants in Mongolia
South Korean homegrown burger and chicken brand Mom's Touch & Co. announced on Friday that it has recently opened its sixth and seventh stores i...
Jun 21, 2024 (Gmt+09:00)
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Chemical Industry
Lotte Chemical develops anti-thermal runaway material
Lotte Chemical Corp., South Korea’s second-largest petrochemicals company seeking to ramp up value-added advanced materials production, has de...
Jun 20, 2024 (Gmt+09:00)
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IPOs
Kosdaq cancels IPO approval for cloud developer InnoGrid
The Kosdaq market under the Korea Exchange said on Wednesday it has canceled its preliminary approval for InnoGrid Co.’s initial public offeri...
Jun 19, 2024 (Gmt+09:00)
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Korean games
Netmarble's new RPG 'Solo Leveling' logs $70 mn sales in 1st month
South Korean game developer Netmarble Corp. is enjoying growing sales of its new action role-playing game (RPG) “Solo Leveling: Arise,” ...
Jun 18, 2024 (Gmt+09:00)
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Energy
Taihan Cable wins $94 mn power grid project in US
South Korea's Taihan Cable & Solution Co. announced on Tuesday that it has consecutively won three power grid projects in the US. The total cont...
Jun 18, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Kolmar Korea develops AI tech for diagnosing alopecia
Kolmar Korea, a supplier to global cosmetics brands such as Estee Lauder, announced on Tuesday that it developed artificial intelligence (AI) techno...
Jun 18, 2024 (Gmt+09:00)
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Batteries
POSCO seeks additional lithium deals from Argentina, Chile
POSCO Holdings Inc., the parent of South Korea’s top steelmaker POSCO, aims to clinch additional deals from Argentina and Chile to secure lith...
Jun 17, 2024 (Gmt+09:00)
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Artificial intelligence
Korea’s SK Telecom, Moloco join hands for AI ad platform
SK Telecom Co., South Korea’s top mobile carrier, has teamed up with Moloco Inc., a Silicon Valley-based ad-tech solution startup, for the glo...
Jun 17, 2024 (Gmt+09:00)
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Electronics
LG Display introduces proprietary GenAI in office
LG Display Co., the world’s leading manufacturer of organic light-emitting diode (OLED) panels, announced on Monday that it developed and intr...
Jun 17, 2024 (Gmt+09:00)
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Leadership & Management
PwC's Korean member taps new chiefs, creates finance unit
Samil PricewaterhouseCoopers (PwC), a South Korean member firm of PwC International Ltd., has appointed new chiefs of its key units and created a fi...
Jun 17, 2024 (Gmt+09:00)
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Korean startups
Korean IT firms prefer engineers with business capabilities
More South Korean information technology companies are seeking engineers with business capabilities as artificial intelligence is expected to take o...
Jun 17, 2024 (Gmt+09:00)
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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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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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Batteries
Hyundai, LG Energy to jointly develop EV battery swapping service
South Korea’s Hyundai Motor Co. will join forces with the world’s leading battery maker LG Energy Solution Ltd. to launch electric vehic...
Jun 13, 2024 (Gmt+09:00)
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Real estate
Japan golf courses, Korean investors’ new target assets
South Korean investors are eyeing Japan’s golf resorts to buy amid the weak yen, rising demand for golf courses in Japan, and relatively low p...
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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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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Airlines
MBK drops out of Air Premia’s Asiana cargo unit takeover bid
Asian private equity firm MBK Partners has dropped out of a plan to back 300 billion won ($217.9 million) for South Korean budget airline Air Premia...
Jun 12, 2024 (Gmt+09:00)
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Banking & Finance
Shinhan Card, Canada's Alberta to co-work for tourism
South Korea's Shinhan Card Co. announced on Wednesday that it signed a strategic business agreement with the provincial government of Alberta, C...
Jun 12, 2024 (Gmt+09:00)