Elliott loses appeal over $19 mn claim against Samsung C&T
A South Korean appellate court has rejected Elliott Investment Management Corp.’s claim for 26.7 billion won ($19.3 million) in interest for a...
S.Korea confident of winning Czech nuclear plant deal despite court ruling
A landmark nuclear energy export deal between South Korea and the Czech Republic was postponed at the eleventh hour following a local court ruling, ...
Microsoft's quantum computing bet sparks controversy, again
In 2021, Microsoft Corp. faced significant scientific embarrassment when a landmark research paper it had sponsored was retracted.Published in the U...
Korea to probe Chinese, Japanese steel imports over anti-dumping claims
South Korea is set to launch an anti-dumping investigation into hot-rolled steel imports from China and Japan, according to government and industry ...
PCB maker Isupetasys cancels M&A with carbon nanotube producer
South Korean printed circuit board (PCB) maker Isupetasys Co. has withdrawn a 300-billion-won ($210 million) deal to buy Jeio Co., one of the countr...
South Korea's deadliest plane crash in decades claims 179 lives
A passenger plane carrying 181 people, including six crew members, crashed in southwestern South Korea early Sunday, killing 179 people, according t...
Seoul Semiconductor wins patent lawsuit vs Signify
Seoul Semiconductor Co., the world’s No. 3 light emitting diode (LED) display maker, said on Thursday it has won a patent litigation case agai...
Seoul rejects Elliott’s $20 mn claim against Samsung C&T
Elliott Investment Management Corp. has lost a case against Samsung C&T Corp. in seeking 26.7 billion won ($20.2 million) compensation in connec...
Hankook Tire to supply tires to Mercedes-AMG for first time
Hankook Tire & Technology Co. said on Wednesday that it will supply its tires for Mercedes' high-performance brand AMG's sports car, the GT Coup...
Kyobo Life gets Moody's A1 credit rating for 10 consecutive years
South Korea's Kyobo Life Insurance Co. announced on Tuesday that it has received an A1 (stable) insurance financial strength rating from Moody's Rat...
Samsung gains upper hand vs Netlist in $303 million patent dispute
Samsung Electronics Co. has taken the upper hand in its ongoing legal battle against Netlist Inc. over memory chip module patent infringement allega...
Hyundai Team secures victory at 2024 WRC Monte Carlo Rally
Hyundai Motor Group announced on Monday that Thierry Neuville of the Hyundai team secured the first-place victory at the Monte Carlo Rally, the inau...
Korean mining company to file around $747 mn claim against Panama
A state-run company in South Korea is set to seek an investor-state dispute settlement (ISDS) worth around 1 trillion won ($747.1 million) against t...
NPS chief questions fairness in POSCO’s CEO selection process
POSCO Holdings Inc., the parent of South Korea’s largest steelmaker POSCO, has come under fire for its opaqueness in choosing a new leader a...
Hyundai Elantra N TCR stands on double podium in 2023 TCR World Tour
Hyundai Motor Co. announced on Monday that the Elantra N TCR has won the 2023 TCR (touring car racing) World Tour in José Carlos Bassi Circui...
Seven out of 10 int'l travelers choose Japan: Yanolja reports
Osaka, followed by other Japanese cities, is the top international choice for South Korean travelers, while domestically, Jeju Island remains the fa...
Korea's new superconductor will be verified: research team
Global scientists will be able to replicate South Korean researchers’ recent findings of room-temperature superconductor in around a month, de...
Westinghouse, KHNP seek licensing dispute arbitration
Korea Hydro & Nuclear Power Co. (KHNP) and Westinghouse Electric Corp. have taken their almost one-year dispute over South Korea’s nuclear...
Hyundai Motor’s IONIQ 6 shows off 3rd-longest driving range in US
The IONIQ 6, the first fully electric sedan by Hyundai Motor Co., has been named one of the top three distance champions in the US based on tests by...
Tribunal partially accepts Elliott’s claims over Samsung merger
The International Center for Settlement of Investment Disputes (ICSID) on Tuesday ruled in favor of US-based hedge fund Elliott Investment Managemen...
Glenwood files $40 mn arbitration claim against Baring PEA
Glenwood Private Equity has filed an arbitration claim of about 50 billion won ($40 million) against Baring Private Equity Asia (Baring PEA), after ...
KT&G claims sweeping victory against activist funds
Activist funds such as Singapore-based Flashlight Capital Partners Pet. (FCP) on Tuesday failed to gain approval on almost all of their proposals ma...
Samsung denies claim of fake moon photo by premium smartphone model
Samsung Electronics Co. has denied that a photo of the moon in the night sky taken by its premium smartphone Galaxy S23 Ultra is fake, saying as soo...
HYBE wins 2nd battle against Kakao over SM Entertainment
A South Korean court on Friday ruled in favor of SM Entertainment Co. Founder and former Chief Producer Lee Soo-man to block the company from sellin...
Korea's Musicow to lead fractional IP ownership globally
Musicow Inc., South Korea’s first music copyright trading platform, is set to gain momentum as fractional ownership in copyright claims has be...
S.Korean won near 2-month low as US data fans Fed hike views
The South Korean won skidded to a near two-month low on Friday as hotter-than-forecast US inflation data added to expectations that the Federal Rese...
Korean court rules Daewoong poached Medytox’s botox strain
A South Korean court on Friday ruled in favor of Medytox Inc. in a civil lawsuit against its crosstown rival Daewoong Pharmaceutical Co. over the so...
One in 5 South Koreans claims Starbucks Rewards stars
Starbucks Korea saw members of its rewards program surpass 10 million this month, meaning that one in every five South Koreans is a registered membe...
Blockchain-based messenger 'Block Chat' debuts
South Korea's Blockchain Labs, which developed the Coov app for electronic certification for vaccination against COVID-19, on Tuesday said it has re...
S.Korea rejects patent claims for AI-invented products
South Korea’s intellectual property office has rejected patent applications that claimed an artificial intelligence system as their inventor, ...
