400 Gbps

Markets Kakao shares sink on SK Telecom’s stake sell-off news

Kakao Corp. shares underperformed its peers and the broad market on Friday after SK Telecom Co. sold off its entire stake in the South Korean platfo...

Korean startups 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...

Retail S.Korean gov't to lift two-bottle limit on duty-free alcohol

South Korean government will lift the number restriction of duty-free alcohol bottles for inbound travelers and halve the patent fees to boost the d...

Shareholder value Celltrion to retire $400 mn treasury stock in January

South Korea’s biosimilar maker Celltrion Inc. on Wednesday announced a plan to retire about a quarter of its treasury stock worth 563 billion ...

Economy S.Korea’s inflation stays at 1% level for 3rd straight month

South Korea’s consumer prices remained steady at the 1% level for the third straight month in November thanks to a drop in oil prices. But eco...

Korean chipmakers Samsung to unveil 400-layer bonding vertical NAND for AI servers by 2026

Samsung Electronics Co., the world’s largest memory chipmaker, plans to unveil a 400-layer vertical NAND flash chip by 2026 to lead the fast-g...

Energy Taihan Cable wins $630 mn power grid project in Singapore

South Korea's Taihan Cable & Solution Co. said on Friday that it signed a contract worth 840 billion won ($630 million) with Singapore PowerGrid...

Corporate investment Samsung invests in US AI security startup Protect AI

Samsung Venture Investment Corp., Samsung Electronics Co.'s venture capital firm, has invested in Protect AI Inc., a US startup offering a security ...

Korean startups Korea to build startup campuses in Seoul, Busan by 2026

South Korea will establish startup hubs in Seoul and Busan, the country’s largest port city, by the first half of 2026 to build Asia’s N...

Automobiles Chevrolet All New Colorado's initial volume sold out in S.Korea

GM Korea Co., the South Korean unit of US auto giant General Motors Co., announced on Friday that its pickup truck Chevrolet All New Colorado, with ...

Foreign exchange Won to soften past 1,400, BOK rate cut likely in Oct: poll

The Korean won is forecast to continue its downward spiral and soften past the 1,400 threshold against the greenback this year, while the Bank of Ko...

Bio & Pharma Lotte Biologics targets $1.1 billion in sales with new bio plants

South Korean biopharmaceutical company Lotte Biologics Co. said on Wednesday it is aiming for 1.5 trillion won ($1.1 billion) in annual sales by 203...

Energy Hanwha Solutions expands cable insulation materials units

South Korea's Hanwha Solutions Corp. is accelerating its entry into the global market with proprietary technology in high-voltage cable materials.Ha...

Tech, Media & Telecom Shortt gets 400 mn views in one year in SE Asian market

Shortt, a South Korean short form content company, announced on Wednesday that it has got a total of 400 million views of its campaigns for South Ko...

Korean stock market Netmarble sells 6% stake in BTS label HYBE in block deal

South Korea’s leading game developer Netmarble Corp. said on Tuesday it sold a 6% stake in HYBE Co., the music label behind K-pop sensation ...

Private debt Korea Investment raises $400 mn to expand US assets

Seoul-based brokerage firm Korea Investment & Securities Co. (KIS) has raised $400 million in new bonds to strengthen its investments in the US ...

Korean food Tous Les Jours overseas stores surpass 400

CJ Foodville, the food subsidiary of South Korea's CJ Group, announced on Tuesday that its bakery brand Tous Les Jours has expanded its global footp...

Tech, Media & Telecom SK Telecom rolls out super-fast 400 Gbps 5G wired network

South Korea’s SK Telecom Co. on Tuesday announced a national first through its 400 gigabit per second (Gbps) high-capacity wired network used ...

Bio & Pharma Lotte Biologics to break ground on 1st local CDMO plant in 2024

South Korea’s Lotte Biologics Co. is set to start building its first local facility for drug manufacturing next year, aiming for 400,000 liter...

Retail NHN Commerce to expand into Chinese market with Xinxuan

NHN Commerce, South Korea's major online company NHN Corp.'s online shopping platform, announced its strategic business agreement with China's leadi...

Chemical Industry LG Chem opens European CS Center in Germany

South Korea's top chemical company LG Chem Ltd. announced the opening of its European Customer Solution Center (CS Center) in Frankfurt on Wednesday...

Mergers & Acquisitions SKC acquires 45% stake in chip test firm ISC for $400 million

SKC Ltd., a South Korean chemical materials company, said on Friday it has acquired a 45% stake in semiconductor test equipment maker ISC Co., for 5...

Steel POSCO gears up for big stride as green materials firm with Hyper NO

South Korea’s steel pioneer POSCO under POSCO Holdings Inc. is preparing to take another big stride as an eco-friendly materials provider with...

Petrochemicals Hyundai Engineering's petrochemical plant in Poland starts pilot output

South Korea’s Hyundai Engineering has started pilot small-scale output ahead of mass production at its petrochemical plant in Poland.  ...

Private equity Korean battery maker SK On attracts $400 mn from Hillhouse

South Korean battery maker SK On Co. has secured $400 million from Hillhouse, a Singapore-headquartered asset management firm, investment banking so...

Aerospace & Defense Hanwha Systems wins $34.5 mn CMS order from Philippine Navy

South Korea's Hanwha Systems Co. revealed on Friday its bid to provide its domestically developed combat management system (CMS) to six 2,400-t...

Batteries Korea EV cell materials firms race for silicon anode market

South Korea’s secondary battery ingredient makers are rushing to develop silicon anode materials, next-generation core substances that signifi...

Tech, Media & Telecom LG Uplus holds in-house hackathon to secure platform technology

LG Uplus Corps. said on Sunday that it held a hackathon called "Hackstival" to compete for development skills of in-house software developers.The co...

Korean chipmakers SK Hynix develops world's fastest server DRAM sample

SK Hynix Inc., the world’s second-largest memory chipmaker, said on Thursday it has developed working samples of DDR5 multiplexer combined ranks dual ...

Batteries LG Energy Solution diversifies supply chains to respond to US IRA

LG Energy Solution Ltd. has made a preemptive response to the Inflation Reduction Act of the US by securing the supply of lithium carbonate, a key m...