Companies

Korean food

Ramen, ready-to-eat meals lead K-food 2024 exports up 10%

South Korea’s food exports climbed 10% on-year to $7.26 billion in 2024, led by ramen, ready-to-eat meals and seasoned seaweed, according to go...

Regulations

HYBE Bang under financial watchdog’s scrutiny for alleged unfair trading

Bang Si-hyuk, founder and chairman of HYBE Co., the South Korean entertainment giant behind K-pop global sensation BTS, could face prosecutors’...

Shipping & Shipbuilding

HD Hyundai Group joins S.Korea’s 100 trillion won market cap club

South Korean shipbuilding conglomerate HD Hyundai Group has joined South Korea’s elite club of conglomerates with a market capitalization excee...

Korean games

Netmarble set to spark subculture craze at Summer Game Fest

Netmarble Corp., South Korea’s leading game developer and publisher, is seeking to capitalize on the surging global demand for so-called subcul...

Korean chipmakers

Samsung to equip Galaxy Z Flip7 with Exynos AP at home

Samsung Electronics Co. plans to power its upcoming foldable smartphone with its new in-house application processor (AP), marking a significant step ...

Entertainment

Tencent to become SM Entertainment's No. 2 shareholder via HYBE deal

Tencent Music Entertainment Group is set to become the second-largest shareholder of SM Entertainment Co. by acquiring HYBE Co.'s remaining shares in...

Batteries

LG Energy, Samsung SDI to build 1st US LFP battery plants with GM

In a pivotal shift for the North American electric vehicle battery landscape, South Korea’s two leading battery makers – LG Energy Soluti...

Tech, Media & Telecom

Korea’s KT signs $95 million AI partnership with Vietnam’s Viettel Group

South Korea’s leading telecommunications service provider KT Corp. said on Tuesday it has signed a 130 billion won ($95 million) strategic part...

Bio & Pharma

Samsung Biologics drives foreign lead in Korea’s biotech supply chain

A surge in orders from Samsung Biologics Co., the world’s largest contract drugmaker, has propelled South Korea to the forefront of global reve...

Artificial intelligence

OpenAI sets up entity in Korea with most paid ChatGPT users outside US

OpenAI Inc., the creator of generative AI ChatGPT, has established a legal entity in South Korea, which has the largest number of paying ChatGPT subs...

Korean food

Bold food tech R&D fuels global rise of Korean cuisine

South Korea’s processed food exports are expected to reach 6 trillion won ($4.4 billion) this year after Korean food companies have aggressivel...

Artificial intelligence

LG CNS, Cohere co-develop Korean-specific agentic AI

LG CNS Co., the information technology services arm of South Korea’s LG Group, has unveiled a lightweight Korean-specific large language model ...

Banking & Finance

Shinhan Financial’s Jin meets with Goldman Sachs Int'l CEO for strategies

Jin Ok-dong, chairman of South Korea’s leading financial conglomerate Shinhan Financial Group, has met with senior executives of US-based multi...

Banking & Finance

NPS gobbles up Korea’s top 4 financial holding stocks

South Korea’s largest institutional investor, the National Pension Service (NPS), remains a strong backer of the country’s top four finan...

Energy

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, ...

Energy

SK Earthon secures rights to explore 2 offshore oil blocks in Indonesia

SK Earthon Co., the petroleum exploration and production (E&P) unit of South Korea’s top energy company SK Innovation Co., has secured righ...

Bio & Pharma

Samsung Biologics to spin off biosimilar unit Samsung Bioepis

Samsung Biologics Co., the world’s largest contract drugmaker, will undergo a strategic split to separate its contract development and manufact...

Asset management

Mirae Asset Global Investments’ AUM tops $288 bn as global push pays off

Mirae Asset Global Investments Co. now manages more than 400 trillion won ($288 billion) in assets for the first time since its first global venture ...

Tech, Media & Telecom

Google partners with Samsung, Gentle Monster for new smart glasses

SILICON VALLEY – Google LLC is making a renewed push into the smart glasses market in partnership with South Korea’s Samsung Electronics ...

Aerospace & Defense

Samsung gears up for foray into space infrastructure industry

Samsung Group is stepping up efforts to venture into the space infrastructure industry, a sector analysts say remains a blue ocean where South Korea ...

Electronics

LG Electronics poised to extend OLED TV market lead into 2025  

LG Electronics Inc. is on track to retain its lead in the organic light-emitting diode (OLED) TV market for the 13th consecutive year, bolstered by s...

Bio & Pharma

S.Korea’s Lunit installs breast cancer AI diagnostic tool at 200 US hospitals

Lunit Inc., a South Korean AI-powered cancer diagnostics company, said on Monday that more than 200 healthcare institutions across the US have now ad...

Food & Beverage

Bird flu in Brazil hikes wholesale chicken prices in Korea

South Korea has suspended chicken imports from Brazil following the outbreak of highly pathogenic avian influenza (HPAI) in the South American countr...

Energy

Vietnam, gateway for SK Group’s global renewable energy push

TIEN GIANG, VIETNAM – Off the coast of Vietnam’s Tien Giang Province, 36 wind turbines spin steadily with a constant whoosh and swish, ge...

Shipping & Shipbuilding

Hanwha Philly Shipyard to localize LNG builds, expand capacity

Hanwha Group will significantly increase production capacity at its US shipyard from 1.5 vessels to 10 per year as it aims to transform the facility ...

Automobiles

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 t...

Tech, Media & Telecom

S.Korea’s Naver to launch Silicon Valley venture arm in aggressive AI push

Naver Corp., South Korea’s top internet portal operator, plans to set up a dedicated venture capital arm in Silicon Valley in a move seen as a ...

Upcoming IPOs

UK chip testing device maker TeraView seeks Kosdaq debut

TeraView Ltd., a UK semiconductor inspection device maker, is aiming to list on South Korea’s Kosdaq market in the second half of this year, in...

Beauty & Cosmetics

K-Beauty defies seasonal slump with record $980 mn in April exports

The global appetite for Korean beauty products shows no sign of slowing, with their exports in April surging 20% year on year to a record high, even...