Mirae Asset debuts AI-recommended ETF on NYSE to invest in US bonds
Mirae Asset Financial Group, one of the largest asset managers in South Korea, has launched its first exchange-traded fund (ETF) investing in high-q...
South Korea to boost aid for chipmakers to $23 billion, expanding extra budget
South Korea’s government is planning to increase support for chip makers to around $23 billion, proposing a bigger-than-expected supplementary...
BOK, Indonesia to cooperate on cross-border payments
The Bank of Korea (BoK) announced on Monday that it signed a memorandum of understanding (MOU) with Bank Indonesia (BI) for the bilateral cooperatio...
LG Chem promises extra $14.4 million in aid over Indian gas leak
South Korea’s top chemicals maker LG Chem Ltd. said on Wednesday it will offer an additional 1.2 billion Indian rupees ($14.4 million) in huma...
Yellow Umbrella's new CIO to spur alternative investment
The Yellow Umbrella Mutual Aid Fund, a 25.4 trillion won ($18.5 billion) savings arm of South Korean small business owners, has tapped an alternativ...
SK Telecom launches AI pet diagnostic solution in Australia
South Korea's SK Telecom Co. announced on Wednesday that it launched its AI-based pet diagnostic assistance service X Caliber in Australia and has b...
South Korea Plans $7 Billion Push to Pivot EV Battery Industry Away From China
South Korea is dedicating around $7 billion to help wean its electric-vehicle battery supply chain away from China and align more with U.S. trade gu...
Korea's Military Mutual Aid Association starts search for new CIO
South Korea’s Military Mutual Aid Association (MMAA), which managed 10.4 trillion won ($7.7 billion) in assets as of the end of 2023, said on ...
Korean savings banks swing to loss after 9 years
South Korea’s savings banks turned to the red after nine years in 2023 as they put aside heavy reserves on future loan losses, with their loan...
Innocean to enter Japanese ad market
Innocean Worldwide Inc., the global marketing communications arm of Hyundai Motor Group, announced on Monday it signed a memorandum of understanding...
BOK governor named chair of BIS financial system committee
Bank of Korea Governor Rhee Chang-yong has been appointed as the chairman of the Committee on the Global Financial System (CGFS) at the Bank for Int...
S.Korea’s aid service Boram Group enters companion animal market
South Korea’s Boram Group, whose main affiliate is an aid company, has entered the companion animal market. Affiliates Boram Sangjo and ...
LG Labs opens door to unconventional idea seekers
South Korea’s home appliance giant LG Electronics Inc. has launched LG Labs, a playground for those wanting to test unconventional ideas that ...
Deal reached on LG-Stellantis battery plant subsidy; construction resumes
All construction work at a battery joint venture in Canada between South Korea’s LG Energy Solution Ltd. and multinational automaker Stellanti...
Samsung Electronics to aid foundry clients with state-of-the-art tech
Samsung Electronics Co., the world’s largest memory chipmaker, will provide its foundry clients with state-of-the-art technology to support th...
Coupang taps former Trump aide for political relations
South Korean e-commerce giant Coupang Inc. hired a top aide of former US President Donald Trump to expand its political network in Washington and se...
Korea-China battery minerals tie-up mutually beneficial: CNGR chief
China and South Korea stand to mutually benefit by strengthening their partnership in the battery materials business amid tougher US regulations on ...
S.Korea's military aircraft exports to NATO get major boost
South Korea has concluded a deal with the North Atlantic Treaty Organization (NATO) on mutual recognition of certification of military aircraft airw...
DB Group, T&T Group sign agreement for business corporation
DB Group, South Korea's conglomerate, announced on Tuesday that it has signed a memorandum of understanding (MOU) for business collaboration with Vi...
S.Korea to send $130 mn in aid for Ukraine’s reconstruction
South Korea will aid the reconstruction of Ukraine, which is at war with Russia, through loans worth $130 million from the Economic Development Coop...
S.Korea's Kainos Medicine exports AIDS treatment technology to China
South Korean new drug developer Kainos Medicine Inc. announced on Friday that it had signed a technology transfer agreement with Chinese pharmaceuti...
Korean gov’t pledges additional $7.9 bn for startups amid fund squeeze
The South Korean government will spend an additional 10.5 trillion won ($7.9 billion) to shore up the country’s startups and venture capitalis...
S.Korea’s KOTRA to aid domestic pharmaceutical firms in Japan entry
The government-run (South) Korea Trade-Investment Promotion Agency (KOTRA) announced on Tuesday that it will hold an export consultation meeting for...
VIP Asset’s new mutual fund to forgo operating fees if it posts losses
VIP Asset Management Co., a leading South Korean asset manager, said on Friday it is launching a new mutual fund, and its managers won’t take ...
Naver to aid in Saudi’s digital transformation, green light for Neom deal
South Korea’s online business giant Naver Corp. said on Thursday it has signed an initial agreement with the Saudi Arabian government to assis...
POSCO Flow to assist World Vision in transportation of relief goods
POSCO Flow, a logistics partner of World Vision, agreed on Tuesday to help transport relief and sponsorship goods for the humanitarian organization ...
Samsung SDI wins $95 mn EU aid for Hungary battery plant
Samsung SDI Co. has secured €89.6 million ($95 million) in subsidies from the European Union for its first electric vehicle battery plant in Hu...
S.Korean firms offer aid to earthquake-stricken Turkey
South Korean companies are joining the international effort to aid Turkey in the aftermath of a devastating earthquake.Doosan Group announced on Wed...
Ukraine War Drives Rapid Growth in South Korea’s Arms Exports
SEOUL—The Ukraine war has fueled rapid growth in South Korea’s arms exports as countries supporting Kyiv turn to Seoul to replenish thei...
Samsung Electronics to launch its first robot EX1 this year to rival LG
Samsung Electronics Co. will bring its first robot EX1 to market this year to compete with LG Electronics Inc., shifting its focus from traditional ...
