S.Korea to elevate science minister to deputy prime minister to lead in AI race

South Korea will elevate its new science minister to a deputy ministerial post, giving him authority to serve as the top coordinator of the governme...

South Korea accelerates stablecoin framework amid global race

Just one week after electing President Lee Jae-myung, an apparent backer of stablecoin adoption, South Korea is swiftly moving to clear the path for...

Kumho Tire shuts Gwangju plant after fire, derailing record sales run

Kumho Tire Co. has suspended all operations at its Gwangju plant in South Korea after a fire destroyed 50-60% of the production lines in one of its ...

Hankook & Company to set up CVC with $11 mn in funding

Hankook & Company Co., the holding company of Hankook Tire & Technology Co., announced Thursday a plan to launch a wholly owned corporate ve...

Samsung steps up AR race with advanced microdisplay for smart glasses

Samsung Electronics Co. has launched a major push into next-generation microdisplays for augmented reality (AR) glasses as it aims to position itsel...

SK Hynix bets on 3D HBM as next game-changer in AI chip race

SK Hynix Inc., the world’s top DRAM memory chipmaker, aims to redefine the competitive landscape in artificial intelligence memory chips with ...

Doosan enters race to acquire SK Siltron in strategic semiconductor push

South Korea’s Doosan Group has entered the bidding war for SK Siltron Co., the world’s third-largest manufacturer of semiconductor wafer...

Kumho Tire eyes Poland, Serbia, Portugal for 1st European plant

Kumho Tire Co., South Korea’s No. 2 tire maker, is evaluating Poland, Serbia and Portugal as a potential site for its first plant in Europe as...

Samsung, LG review strategies as Trump slaps Vietnam with steeper tariffs

South Korea’s two leading electronics makers – Samsung Electronics Co. and LG Electronics Inc. – are being forced to reassess thei...

Krafton buys India’s Nautilus Mobile, fueling IP race in Korean game scene

Krafton Inc., one of South Korea’s top four market-cap gaming firms, has taken over Indian game developer Nautilus Mobile for $14 million, upp...

KKR, Carlyle, Hillhouse race to buy Korean beauty device maker Classys

Global private equity giants such as KKR & Co., Carlyle Group and Hillhouse Capital Group Holdings are vying to acquire Classys Inc. as the Sout...

Hankook Tire seeks to evolve beyond tires, auto parts

Hankook & Company Co., the holding company of Hankook Tire & Technology Co., will ramp up battery production for energy storage systems and ...

Hankook Tire, Lamborghini strengthen ties as chairmen set to meet

Cho Hyun-bum, chairman of Hankook & Company Co., the holding firm of South Korea’s largest tire maker Hankook Tire & Technology Co., i...

Hyundai, Samsung deepen ties to win humanoid race

South Korea’s household technology and automotive names Samsung and Hyundai have reinforced their alliance to capture the global humanoid robo...

HS Hyosung Advanced Materials seeks to sell tire steel cord business

South Korea’s HS Hyosung Advanced Materials Corp. is seeking to sell its tire steel cord business to secure funds for its new growth ventures ...

DIG Airgas, Air Products Korea: Two Korean megadeals in the offing

South Korea’s mergers and acquisitions market is gearing up for two megadeals involving specialty gas makers, worth 5 trillion won ($3.4 billi...

Hankook Tire gains edge over Chinese rivals under Trump tariffs

CLARKSVILLE, Tennessee -- Early this month at the Hankook Tire plant in Clarksville, construction workers were installing the steel framework of its...

Premier Partners, Praxis Capital lead 2024 Korea PE fundraising

Premier Partners and Praxis Capital are on track to raise 1 trillion won ($680 million) in their respective funds after the two South Korean private...

Samsung joins humanoid robots race with larger stake in Rainbow Robotics

Samsung Electronics Co. has become the largest shareholder of Rainbow Robotics Co., a South Korean collaborative robot maker, as the tech giant spen...

S.Korean securities firms race for IB market leadership

South Korean securities firms have upped the ante in a race to win the country’s investment banking (IB) market this year after aggressive bus...

Gensis launches motorsport team to race in high-performance segment

Hyundai Motor Co.'s premium brand Genesis on Wednesday launched a racing team and unveiled a motorsports prototype to raise its presence in the glob...

Global sportswear brands race to ride on Korea’s running craze

Global sportswear makers have stepped up competition in South Korea to take advantage of the country’s growing running craze with major brands...

S.Korea set to scrap financial investment income tax

South Korea is set to scrap a plan to impose a tax on gains from financial investments – a scheme slated to be introduced early next year &nda...

HD Hyundai OCI supplies recycled tire materials to Hankook Tire

HD Hyundai OCI, the petrochemical affiliate of HD Hyundai Oilbank, said on Tuesday it started to supply Hankook Tire & Technology with recycled ...

Hankook Tire supplies tires to BMW

South Korea's Hankook Tire & Technology said on Wednesday that it started to supply its Ventus S1 evo Z tires as original equipment for BMW's se...

Zero-sum fears arise in S.Korean airlines’ game of chicken

South Korea’s air carriers are fiercely vying for lucrative or untapped routes in a game of chicken to shore up their falling profit, raising ...

Korea’s Hyundai E&C likely to join UK SMR race with Holtec

South Korea’s Hyundai Engineering & Construction Co. (Hyundai E&C), in partnership with US-based Holtec International Corp. is likely ...

Samsung Apologizes for Falling Behind in AI Chips Race

SEOUL—For a major maker of semiconductors such as Samsung Electronics Co. , the artificial-intelligence boom should be a time of great promise...

CU, GS25 in fierce race for top spot in Korea’s convenience store market

Using multiple measures, CU and GS25 both claim they are the No. 1 player in South Korea’s convenience store (CV) market.CU, operated by BGF R...

KakaoTalk to adopt full-screen ads as sales, profit growth stunted

Kakao Corp., the operator of South Korea’s dominant messenger and chat app KakaoTalk, is set to introduce full-screen advertisements on the ch...