S.Korea’s extra budget approved; IBs lift economic forecast
South Korea’s National Assembly, controlled by the ruling Democratic Party, on Friday passed the country’s new extra budget worth 31.8 t...
Xiaomi to open first offline store in S.Korea with premium products
Xiaomi Inc., a Chinese technology giant, will open its first offline store in South Korea next week, about six months after its virtual foray into t...
Hyundai Rotem set to finalize $6 bn K2 tank order from Poland
Hyundai Rotem Co., a South Korean defense company, is set to finalize a tank supply contract with Poland, with the deal's value nearly doubling &nda...
LG Electronics breaks ground on $600 mn home appliance plant in India
South Korea’s LG Electronics Inc. has broken ground on its third home appliance manufacturing plant in India with a $600 million investment to...
Packaging rides K-beauty wave: Shares of cosmetics container makers soar
As South Korea’s independent beauty brands continue to take the global stage by storm, investors are now looking beyond the creams and serums ...
Hanwha, LG join hands to take on Tesla with solar energy package
LG and Hanwha groups will join forces to develop and sell solar energy devices as a package to challenge Tesla Inc., the leader in the solar energy ...
HD Hyundai Infracore to invest $79.6 mn in engine, battery pack
South Korea's HD Hyundai Infracore Co. said on Monday it signed a memorandum of understanding (MOU) with North Jeolla Special Self-Governing Provinc...
SK Hynix to receives $958 mn subsidy from US
SK Hynix Inc. secured a combined subsidy of $458 million in grants and $500 million in loans, a total of $958 million from the US Department of Comm...
Boryung invests $10 million in Intuitive Machines
South Korea's Boryung Corp. said on Friday it bought $10.0 million in shares of US-based lunar lander company Intuitive Machines to expand its space...
Samsung develops health software development kit
Samsung Electronics Co. on Thursday introduced the Samsung Health Software Development Kit (SDK) Suite, aimed at helping developers and researchers ...
SK Telecom, KT win at Leading Lights Awards
SK Telecom Co. and KT Corp. received the Leading Lights Awards 2024. SK Telecom and KT were named winners of Outstanding Use Case: AI/Machine L...
Daewoo E&C, CSCEC to collaborate on overseas projects
South Korea's Daewoo Engineering & Construction Co. (Daewoo E&C) said on Tuesday that it signed a memorandum of understanding (MOU) the prev...
Samsung produces thinnest low-power DRAM for AI mobile devices
Samsung Electronics Co., the world’s top memory chipmaker, has begun mass production of the industry’s thinnest low-power double data ra...
SK Chemicals, Kooksoondang to develop CR-PET container
South Korea's SK Chemicals Co. and South Korean traditional rice-based wine brewery Kooksoondang Co. signed a memorandum of understanding (MOU) on T...
Samsung sets sights on next-generation memory CXL DRAM
South Korean tech giant Samsung Electronics Co. is setting its sights on next-generation memory technology, dubbed CXL, to lead the artificial intel...
Doosan Robotics to delist, wholly own cash-cow Doosan Bobcat
Doosan Enerbility Co., a leading South Korean power plant engineering company, is handing over its entire 46% stake in machinery affiliate Doosan Bo...
Samsung wins 2nm AI chip foundry, package order from Japan
Samsung Electronics Co. announced on Tuesday it has bagged a 2-nanometer AI chip foundry and package turnkey order from Preferred Networks Inc., a J...
Coupang opens Rocket Growth seller website
Coupang Inc., South Korea’s largest e-commerce platform, announced on Tuesday that it opened a dedicated website for sellers (sell.coupang.com...
Hanmi Semiconductor eyes $1.5 billion sales in 2026
Hanmi Semiconductor Co., South Korea’s leading chip packaging equipment manufacturer, has revised upwards its annual sales target for this yea...
Samsung launches dedicated HBM, advanced chip packaging teams
Samsung Electronics Co., the world’s largest memory chipmaker, has officially launched a team dedicated to developing advanced high-bandwidth ...
Korea to inject $200 mn into semiconductor packaging R&D
South Korea will inject 274.4 billion won ($200 million) into a state-run R&D project for semiconductor packaging technology, a key to producing...
Booming AI industry boosts chip packaging equipment makers
Global chip packaging equipment manufacturers are enjoying surging demand and skyrocketing share prices thanks to the rapid growth of the artificial...
Samsung to launch 3D HBM chip packaging service in 2024
SAN JOSE -- Samsung Electronics Co. will launch three-dimensional (3D) packaging services for high-bandwidth memory (HBM) within the year, a te...
Hyundai Motor launches 2025 model year of Grandeur
Hyundai Motor Co. announced on Wednesday that it launched its flagship sedan Grandeur's model year the 2025 Grandeur. The Grandeur is Hyundai M...
Lotte Tour launches premium travel brand High&
Lotte Tour Development Co. announced on Tuesday that it launched the brand High& for high-quality premium package travel products.High& is a...
South Korea pledges $19 billion support package to revitalize chip sector
South Korea, home to the world’s two largest memory chipmakers Samsung Electronics Co. and SK Hynix Inc., has unveiled a record 26 trillion wo...
Korean construction machine makers set sights on India, Brazil, Mexico
South Korea’s leading construction machine makers are actively advancing into emerging markets such as India, Brazil, Mexico and Saudi Arabia,...
Machine tool maker DN Solutions kicks off IPO process
DN Solutions Co., the world’s third-largest machine tool maker, has kicked off the process of going public on the Korea Exchange, in an initia...
LG’s washers selected as best by Consumer Reports
LG Electronics Inc. swept the top three spots in the major categories of the US Consumer Reports Best Washing Machines of 2024 evaluation.The evalua...
Lotte Home Shopping expands Japan tour packages
South Korea's Lotte Home Shopping said on Tuesday that it will expand its range of travel packages to Japan, including trips to Kyushu and Okinawa, ...
