Miri Capital closes in on STIC Investments chairman’s stake
Miri Capital Management LLC has steadily raised its stake in STIC Investments Inc., narrowing the ownership gap with the firm’s founder and Ch...
SK, AWS to build South Korea’s largest, multibillion-dollar AI data center
South Korea’s second-largest conglomerate SK and Amazon Web Services Inc. (AWS), the world's largest cloud platform provider, will build a 103...
NPS, KIC step up focus on mid-market infrastructure
The National Pension Service (NPS) and Korea Investment Corp. (KIC) are actively exploring mid-market infrastructure opportunities as they are expec...
US considers withdrawing thousands of troops from South Korea
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South Korea to deploy ‘Iron-Dome’ style defense system early
South Korea will deploy a new air defense system, similar to Israel’s Iron Dome, against North Korean artillery attacks earlier than previousl...
CJ Logistics, KT&G introduce hydrogen cargo trucks
South Korea's CJ Logistics said on Thursday that it deployed two 11-ton hydrogen-powered cargo trucks in the logistics division of KT&G Corp.The...
Jin Air to expand SE Asia, Oceania routes
South Korea's budget carrier Jin Air said on Friday that it will resume and expand its international flights for the upcoming winter season, focus...
Hyundai to develop unmanned robot for EV fire suppression
Hyundai Motor Group said on Thursday that it plans to jointly develop the unmanned firefighting robot vehicle with the South Korean National Fire Ag...
S.Korea’s T’way Air to introduce A330-900 Neo aircraft
T'way Air Co. announced on Thursday that it will gradually introduce five new Airbus A330-900 Neo aircraft starting next year.T’way recently s...
Rainbow Robotics develops 4-legged counter-terrorism robot
Samsung Electronics Co.-backed Rainbow Robotics Co. has delivered its multi-legged counter-terrorism robots to the South Korean Army as it gears up ...
LG Innotek, Ansys forge digital twin technology partnership
South Korea's LG Innotek said on Thursday that it would expand the use of digital twin technology across its operations, partnering with engineering...
HMM opens Shanghai-Mexico container route
South Korea's HMM Co. announced on Monday that it launched a new Far East Latin America Express (FLX) container service bound for Mexico.The service...
Korea’s GS Entec to invest $217 mn in wind power business
South Korea’s GS Entec Corp. is set to invest 300 billion won ($216.8 million) in facilities to manufacture wind power equipment as it shifts ...
Ediya Coffee expands to Malaysia following Guam
South Korea's homegrown coffee chain Ediya Coffee announced on Friday that it has signed a master franchise agreement in Malaysia, marking the begin...
HD Hyundai supplies large hydrogen forklifts to Korea Zink
South Korea's HD Hyundai XiteSolution announced on Monday that it deployed its four 5-ton hydrogen forklifts in Korea Zinc Inc.'s Onsan Refinery and...
Hyundai’s JV Motional delays robotaxi commercialization, cuts jobs
Self-driving technology developer Motional decided to delay robotaxi deployments with ride-hailing companies Uber Technologies Inc. and Lyft Inc. ag...
HD Hyundai Oilbank to supply ultra-low sulfur diesel to Guam
HD Hyundai Oilbank Co., South Korea’s refiner backed by Saudi Aramco, announced on Wednesday that it secured a contract to supply 7.2 million ...
Samsung to deploy smart home services in Miami
Samsung Electronics Co. announced on Sunday that it will deploy smart home services in the Miami residential complex, Florida with the US-based re...
EVs in S.Korea exceed 500,000
The cumulative number of electric vehicles (EVs) registered in South Korea exceeded 500,000 last year.The number of EV chargers supplied domesticall...
KAI inks deal with SpaceX to launch mid-sized satellites in 2025
Korea Aerospace Industries Ltd. (KAI) announced on Friday that it has signed a deal with the US space firm SpaceX to launch South Korea's next-gener...
Korea to invest $200 mn in new drugs, vaccines by 2028
South Korea’s health ministry will allocate 261.6 billion won ($200.2 million) for two funds over the next four years to boost private sector ...
S.Korea to spur startup investments with eased rules
South Korea will deploy at least 10% of a state-backed fund of funds (FoF) to venture capital investment dedicated to small startups every year, the...
Samsung Heavy, Pan Ocean to co-develop digital solutions
South Korea's Samsung Heavy Industries announced on Tuesday that it has signed a memorandum of understanding (MOU) with Pan Ocean Co., the country's...
Hyundai, Kia deploy CO2 emission monitor system for cooperative firms
South Korea's Hyundai Motor Co. and Kia Corp. revealed on Friday their AI-integrated, blockchain-enabled Supplier CO2 Emission Monitoring System (SC...
Doosan Robotics to expand smart factory deployment using cobot
Doosan Robotics, a robot solution subsidiary of South Korea's Doosan Group, said on Tuesday it has signed a memorandum of understanding (MOU) with d...
Seoul tightens safety oversight for BTS 10th anniversary fireworks
The South Korean government is stepping up safety oversight ahead of the BTS Festa fireworks show. This is in response to last year's massive crowd ...
S.Korea launches its first offshore wind installation vessel
Hyundai Engineering & Steel Industries launched South Korea's premier offshore wind installation vessel, the Hyundai Frontier, on Tuesday. This ...
NuScale in talks to build SMR plant in S.Korea: NuScale CEO
NuScale Power Corp., the world’s leading small modular reactor (SMR) developer, may land in South Korea sooner than its rivals with its unriva...
Korea's coffee brand Ediya to open 1st overseas branch in Guam
Ediya Coffee, South Korea's home-grown low-priced coffee brand, will open a branch in Guam in the first half of this year to seek growth through exp...
Hyundai Mobis to build $69 mn integrated logistics center in Korea
South Korea’s largest auto parts maker Hyundai Mobis Co. said on Thursday it will spend 94.8 billion won ($69 million) to build an integrated ...
