S.Korea’s most prominent business leader returns with all charges cleared

S.Korea’s most prominent business leader returns with all charges cleared

After nearly a decade spent fighting allegations of corporate wrongdoing, Samsung Electronics Co. Chairman Lee Jae-yong has been acquitted on all ch...

Shinsegae, Hana Financial, Bain Capital to finance $438 mn Starfield Cheongna

Shinsegae, Hana Financial, Bain Capital to finance $438 mn Starfield Cheongna

Shinsegae Property, a subsidiary of South Korean retail giant Shinsegae Group, on Tuesday unveiled a 600 billion won ($438 million) investment agree...

Hana Asset launches ultra-low-fee Nasdaq 100 ETF

Hana Asset launches ultra-low-fee Nasdaq 100 ETF

Hana Asset Management Co. will list the “1Q US Nasdaq 100 ETF” on Tuesday, an exchange-traded fund that tracks the Nasdaq 100 index with...

Lotte Chemical, HD Hyundai seek to combine naphtha cracking facilities

Lotte Chemical, HD Hyundai seek to combine naphtha cracking facilities

Lotte Chemical Corp. and HD Hyundai Co. are in talks to consolidate their naphtha cracking operations in South Korea’s Daesan petrochemical co...

Samsung flexes financial muscle as insurance, card units top rankings

Samsung flexes financial muscle as insurance, card units top rankings

Samsung Group’s financial affiliates are closing in on KB Financial Group for the top spot in South Korea’s financial services sector, u...

BYD’s Atto 3 overtakes Tesla’s Model Y as best-selling EV in South Korea

BYD’s Atto 3 overtakes Tesla’s Model Y as best-selling EV in South Korea

China’s BYD Co. has dethroned Tesla Inc. in South Korea with its compact sport utility vehicle, the BYD Atto 3, becoming the best-selling impo...

South Korean defense industry thriving on strong overseas demand

South Korean defense industry thriving on strong overseas demand

The South Korean defense industry's current heyday is expected to continue for a while as global demand for Korean-made weapons and combat systems h...

Doosan Enerbility wins $1.5 bn in orders from Saudi Arabia

Doosan Enerbility wins $1.5 bn in orders from Saudi Arabia

Doosan Enerbility Co., South Korea’s leading gas turbine maunfacturer for power plants, said on Thursday that it has secured a combined $1.5 b...

Korean drugmakers control more than half of European biosimilar market

Korean drugmakers control more than half of European biosimilar market

South Korea’s two leading drugmakers, Celltrion Inc. and Samsung Bioepis Co., have achieved a significant milestone in the European biosimilar...

Celltrion’s 4 new biosimilars win EU approval recommendation

Celltrion’s 4 new biosimilars win EU approval recommendation

Celltrion Inc. is one step closer to commercializing its four new biosimilars in Europe after a committee of the European Medicines Agency (EMA) rec...

Seoul probes fake online accounts of Hyundai Motor advisor Sung Kim

Seoul probes fake online accounts of Hyundai Motor advisor Sung Kim

The Seoul Metropolitan Police Agency has launched an investigation into social media accounts pretending to be Hyundai Motor Group advisor Sung Kim,...

Eximbank of Korea to commit $143 mn to 4 Korean PEs

Eximbank of Korea to commit $143 mn to 4 Korean PEs

IMM Investment, Korea Investment Private Equity (PE), Corstone Asia, and Paratus Investment have been selected for the Export-Import Bank of Korea's...

KEPCO, LS Electric to co-work on predictive diagnostics solutions

KEPCO, LS Electric to co-work on predictive diagnostics solutions

Korea Electric Power Corp. (KEPCO), the South Korean state-run utility company, said on Thursday it signed a memorandum of understanding (MOU) with ...

S.Korea's Solus mass-produces copper foil in Hungary

S.Korea's Solus mass-produces copper foil in Hungary

Solus Advanced Materials, a South Korean copper foil supplier, said on Tuesday it started mass production at its second plant in Hungary, Europe&rsq...

LG Uplus publishes white paper on 6G services

LG Uplus publishes white paper on 6G services

South Korea's LG Uplus Corp. said on Wednesday the release of its "6G White Paper: Non-Terrestrial Networks," which explores the future direction of...

DB Insurance outshines domestic rivals in global business

DB Insurance outshines domestic rivals in global business

DB Insurance Co. raked in the biggest profits from overseas operations among South Korean insurance companies in the first half of this year, leadin...

AI startup MarqVision raises $16.5 mn to close Series A round

AI startup MarqVision raises $16.5 mn to close Series A round

MarqVision Inc., a startup developing an artificial intelligence-powered intellectual property (IP) protection platform, raised 22 billion won ($16....

LG Elec, Ricoh to team up for B2B DX business

LG Elec, Ricoh to team up for B2B DX business

LG Electronics Inc. said on Thursday that it signed a memorandum of understanding (MOU) with global office solutions company Ricoh to discover servi...

Gencurix, Hitachi to cooperate on molecular diagnostics

Gencurix, Hitachi to cooperate on molecular diagnostics

South Korean biotech company Gencurix Inc. said on Tuesday that it will cooperate with Japan's Hitachi High-Tech Corporation to enter the Japanese c...

IMBiologics transfers autoimmune disease drug tech to Huadong Pharma

IMBiologics transfers autoimmune disease drug tech to Huadong Pharma

South Korea's antibody-based biotech company IMBiologics announced on Friday that it signed a contract to transfer the technology of its autoimmune ...

Dongkuk buys Aju Steel to create No.1 color coated steel maker

Dongkuk buys Aju Steel to create No.1 color coated steel maker

Dongkuk Coated Metal Co. (Dongkuk CM), the cold-rolled steel unit of South Korea's Dongkuk Holdings Co., has agreed to buy Aju Steel Co. specializin...

SK Gas delays $1 bn combined cycle power plant operation

SK Gas delays $1 bn combined cycle power plant operation

SK Gas Ltd., South Korea’s No. 1 liquefied petroleum gas (LPG) distributor, has postponed the commercial operation of its combined cycle power...

SK Ecoplant to merge tech unit for group restructuring

SK Ecoplant to merge tech unit for group restructuring

SK Ecoplant Co., a South Korean construction engineering and waste management company, is set to merge a profit-making technology subsidiary of the ...

Rebellions, Igloo partner for AI-based security

Rebellions, Igloo partner for AI-based security

South Korea’s fabless AI chip startup Rebellions Inc. announced on Tuesday that it partnered with AI-based security operations and analysis pl...

Samsung Elec invests in US bio startup Element Biosciences

Samsung Elec invests in US bio startup Element Biosciences

Samsung Electronics Co., the world’s top memory chipmaker, said on Friday it has invested in US biotech startup Element Biosciences Inc. to ex...

Hyundai Mobis combines electrification, module divisions

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...

Shinhan Card, KakaoBank to team up for PLCC

Shinhan Card, KakaoBank to team up for PLCC

South Korea's Shinhan Card Co. and the domestic internet bank KakaoBank Corp. said on Wednesday that they signed a business agreement to develop and...

SK Energy to cut emissions with combined heat power system

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...

SK Gas eyes commercial operations of LNG power plant in 2nd half

SK Gas eyes commercial operations of LNG power plant in 2nd half

SK Gas Ltd., South Korea’s leading liquefied petroleum gas (LPG) supplier seeking to transform into a clean energy company, has moved a step c...

Samsung's Jay Y. Lee visits Zeiss to reinforce EUV ties

Samsung's Jay Y. Lee visits Zeiss to reinforce EUV ties

Samsung Electronics Co. is deepening ties with Zeiss Group, the sole provider of optical systems to the world’s only extreme ultraviolet (EUV)...

Kakao Pay backs out of acquisition deal for SSG Pay, Smile Pay Hanwha in talks to buy five-star hotel Paraspara Seoul Kia's Lego-like PV5 with 16 variants to hit market in July Stray Kids make K-pop history with landmark stadium show in Germany S.Korea’s most prominent business leader returns with all charges cleared