Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media

Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media

What was once a world of elves, dragons and power-ups is now giving rise to one of South Korea’s most unexpected tech revolutions, with game s...

KakaoBank rallies after winning Thai virtual banking license

KakaoBank rallies after winning Thai virtual banking license

Shares in KakaoBank Corp. soared as much as 17% to hit their highest level in nearly three years on Friday after the South Korean internet-only bank...

Seoul agrees to reduce Jakarta’s KF-21 cost share by two thirds

Seoul agrees to reduce Jakarta’s KF-21 cost share by two thirds

South Korea has finally agreed to reduce Indonesia’s contribution to their joint KF-21 fighter jet development project by two thirds to 600 bi...

World Vision becomes 1st Korean corporate entity to trade crypto

World Vision becomes 1st Korean corporate entity to trade crypto

Non-government organization World Vision Korea has sold its Ethereum holdings, becoming the first Korean legal entity to trade crypto after the Sout...

Hanwha Q Cells eyes tandem cell mass production in 2027

Hanwha Q Cells eyes tandem cell mass production in 2027

Hanwha Q Cells Co., the solar panel manufacturing unit of South Korea's Hanwha Solutions Corp., is expected to commercialize tandem modules by 2027,...

South Korea’s Rznomics inks $1.3 bn out-licensing deal with Eli Lilly

South Korea’s Rznomics inks $1.3 bn out-licensing deal with Eli Lilly

Rznomics Inc., a South Korean RNA therapeutics developer, has signed an agreement worth more than $1.3 billion with US pharmaceutical giant Eli Lill...

KakaoBank posts record Q1 profit, eyes Thai expansion after Indonesia

KakaoBank posts record Q1 profit, eyes Thai expansion after Indonesia

KakaoBank Corp., a leading South Korean internet-only bank, posted its highest quarterly profit in the first quarter, defying a drop in interest inc...

South Korea asks US for tailored approach to chip tariffs

South Korea asks US for tailored approach to chip tariffs

South Korea has officially requested that the US take a distinct approach in its ongoing probe into foreign semiconductor technology and related dow...

SK Hynix makes strides in CXL technology, escalating rivalry

SK Hynix makes strides in CXL technology, escalating rivalry

SK Hynix Inc., the leading global high-bandwidth memory (HBM) chip provider, has moved faster than its rivals in the commercialization of the next-g...

Samsung Heavy makes breakthrough in FLNG liquefaction technology

Samsung Heavy makes breakthrough in FLNG liquefaction technology

Samsung Heavy Industries Co., a major Korean shipbuilder, has made a breakthrough in its liquefaction technology for floating liquefied natural gas ...

Samsung E&A buys Norwegian Nel stake for hydrogen business push

Samsung E&A buys Norwegian Nel stake for hydrogen business push

South Korea’s Samsung E&A Co. has purchased a stake in Norway’s hydrogen technology company Nel ASA at 47.6 billion won ($32.8 milli...

HD Hyundai, Palantir chiefs discuss AI shipyard, defense technology

HD Hyundai, Palantir chiefs discuss AI shipyard, defense technology

Chung Kisun, executive vice chairman of the world’s largest shipbuilder HD Hyundai Co., has met with Alex Karp, CEO of Palantir Technologies I...

Hyundai Rotem inks $1.5 bn Morocco train supply deal

Hyundai Rotem inks $1.5 bn Morocco train supply deal

South Korea’s Hyundai Rotem Co. said on Wednesday it has won a 2.2 trillion won ($1.5 billion) train order from Morocco, the biggest single de...

S.Korea’s defense order backlog reaches record $73.1 billion at end-2024

S.Korea’s defense order backlog reaches record $73.1 billion at end-2024

South Korea’s seven major defense companies saw their combined order backlog reach a record 105.6 trillion won ($73.1 billion) at the end of 2...

EQT targets healthcare, technology, business service providers in Korea

EQT targets healthcare, technology, business service providers in Korea

EQT, the largest private equity firm in Europe, is setting its sights on healthcare, technology companies and business service providers in South Ko...

Samsung Electronics' new Galaxy S25 smartphone: 'Perfect AI assistant'

Samsung Electronics' new Galaxy S25 smartphone: 'Perfect AI assistant'

SAN JOSE, Calif. – Last year, Samsung Electronics Co. scored a first-mover advantage with consumers by introducing the Galaxy S24 as an AI sma...

Korea seeks tighter control over digital coins, mulls mandatory disclosures

Korea seeks tighter control over digital coins, mulls mandatory disclosures

South Korea plans to tighten its controls over cryptocurrency trade in the country by mandating information disclosures for listed virtual assets an...

SK Biopharmaceuticals, Eurofarma to set up AI epilepsy platform JV in US

SK Biopharmaceuticals, Eurofarma to set up AI epilepsy platform JV in US

South Korea’s SK Biopharmaceuticals Co. has signed a deal with Brazil’s Eurofarma Laboratórios S.A. to establish a joint venture ...

DOR sets sights on TikTok-like virtual world for gamers  

DOR sets sights on TikTok-like virtual world for gamers  

South Korean startup DOR Corporation has thrown down the gauntlet to Discord, a popular global social platform for gamers, with its TikTok-like soci...

Hyundai Mobis to boost US production to cope with Trump

Hyundai Mobis to boost US production to cope with Trump

LAS VEGAS -- Hyundai Mobis Co., the world’s fifth-largest auto parts maker, plans to beef up its US production to cope with President-elect Do...

LG Electronics bets big on humanoid robots: CEO Cho

LG Electronics bets big on humanoid robots: CEO Cho

LAS VEGAS – South Korea’s top home appliance maker LG Electronics Inc. has thrown down the gauntlet to frontrunners in the AI robot race...

Hyundai Motor vows record investment of $16.7 bn in South Korea

Hyundai Motor vows record investment of $16.7 bn in South Korea

Hyundai Motor Group will invest 24.3 trillion won ($16.7 billion) this year in South Korea, the largest-ever annual investment in its home country, ...

CLO Virtual Fashion raises $35 mn

CLO Virtual Fashion raises $35 mn

South Korea's 3D digital fashion solution startup CLO Virtual Fashion said on Monday it raised 50 billion won ($35 million).Atinum Investment Co. an...

Hyundai AutoEver establishes JV in Indonesia

Hyundai AutoEver establishes JV in Indonesia

South Korea's Hyundai AutoEver Corp. said on Monday it built the joint venture PT Terra Link technology in Indonesia with India's MapmyIndia. T...

SK Telecom invests $3 mn in AI-powered video analysis startup Twelve Labs

SK Telecom invests $3 mn in AI-powered video analysis startup Twelve Labs

South Korea’s top mobile carrier SK Telecom Co. said on Friday it will invest $3 million in Twelve Labs Inc., a Korean AI-powered video analys...

POSCO Future M develops technology to make electrode rods

POSCO Future M develops technology to make electrode rods

POSCO Future M Co., a battery material and steel manufacturing equipment supplier, said on Thursday it has developed electrode rod manufacturing tec...

Korean displays regain top spot with premium information tech OLEDs

Korean displays regain top spot with premium information tech OLEDs

South Korean display makers regained ground in the global organic light-emitting diode (OLED) panel market in the second quarter, elbowing out the p...

CJ OliveNetworks to expand cloud management biz

CJ OliveNetworks to expand cloud management biz

South Korea's CJ OliveNetworks said on Wednesday it will expand its managed service provider (MSP) in the cloud industry, utilizing Naver Cloud and ...

SK Hynix to produce HBM4 on 3 nm foundry process in 2025

SK Hynix to produce HBM4 on 3 nm foundry process in 2025

SK Hynix Inc. will adopt the 3-nanometer process, the most advanced foundry technology available, to produce customized HBM4 chips in the second hal...

Korean logistics companies expand overseas businesses

Korean logistics companies expand overseas businesses

South Korea’s logistics companies such as local industry leader CJ Logistics Corp. are expanding their overseas operations to take advantage o...

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