Kook Soon Dang

Mergers & Acquisitions Soon for sale: Altos Ventures-backed Cafe Knotted operator

Silicon Valley-based Altos Ventures-backed Good Food For Good (GFFG), operator of South Korea’s popular dessert cafe, Cafe Knotted, will likel...

Business & Politics Korean court cancels Yoon’s detention; Insurrection case continues

A South Korean court on Friday cancelled impeached President Yoon Suk Yeol’s detention warrant, ordering him to be released from jail, althoug...

Bio & Pharma Chong Kun Dang to build new plant for foray into biologics market

Chong Kun Dang Pharmaceutical Corp. is discussing building a research center and a plant in Siheung, about 30 kilometers southwest of Seoul, with th...

Earnings Samsung’s memory business fares better in Q3; more HBM sales ahead 

Samsung Electronics Co. reported weaker-than-expected operating profit in its chip business in the third quarter but expects a rise in sales of its ...

Central bank Bank of Korea holds rate steady, signals pivot to easing soon

South Korea’s central bank held interest rates steady but cut its inflation and growth forecasts for the year and signaled that it will pivot ...

Energy Power transformer sales explode on AI boom: HD Hyundai Electric CEO

Cho Seok, chief executive of HD Hyundai Electric Co., is an outsider at Korea Inc.When he was named CEO of the power equipment maker in December 201...

Tech, Media & Telecom Samsung ramps up on-device NPU chip R&D; LG Electronics joins race

Samsung Electronics Co., in a rare move, has added 200 engineers to its system-on-chip design team at its research center in South Korea to develop ...

Food & Beverage This country will police ‘shrinkflation’ at the supermarket

SEOUL—Food prices have risen so much that Kim Soo-yeon has developed a suspicious new habit at the grocery store. She has taken to shaking bag...

Automobiles New 2024 E-Class soon to arrive in Korea, land of Mercedes-Benz

As with the launch of every new E-Class, the flagship model of luxury German car brand Mercedes-Benz, the phrase “evolution, not revolution&rd...

Bio & Pharma Chong Kun Dang rallies on $1.3 bn deal with Novartis

Chong Kun Dang Pharmaceutical Corp.'s shares zoomed more than 25% on Monday on news that the South Korean medicine developer has signed its biggest-...

Korean chipmakers Samsung vows to up memory chip density to 'extreme levels'

Samsung Electronics Co.'s memory chip head said on Tuesday the world’s top memory chipmaker will increase the memory density of its DRAM and N...

Tech, Media & Telecom LG Uplus set to catch up to KT as Korea’s No. 2 mobile carrier

  LG Uplus Corp., the perennial No. 3 mobile carrier in South Korea, is fast catching up to its closest rival KT Corp. to rank second just beh...

Electronics Samsung Electronics to soon unveil Galaxy SmartTag2

Samsung Electronics Co. on Thursday announced its planned global release on Wednesday of Galaxy SmartTag2, the improved version of its mobile access...

Automobiles Hyundai, Kia firm up ranking as world's 3rd; first-half profits improve

South Korea’s top automaker Hyundai Motor Group solidified its position as the world’s third-largest carmaker with improved profit margi...

Aerospace & Defense Hanwha Systems soon to install radar on S.Korea fighter jet

The active electronically scanned array (AESA) radar developed jointly by the Agency for Defense Development (ADD) and defense contractor Hanwha Sys...

Earnings Slowing economy slams S.Korean retailers; outlook dim

South Korean major retailers are suffering from a slowdown in Asia’s fourth-largest economy, adding to concerns about weaker earnings in the c...

Energy KHNP closes in on final deal to build nuclear plant in Poland: PGE CEO

Korea Hydro and Nuclear Power Co. (KHNP) and its counterparts are now in a situation where most conditions have been met to allow them to sign a bin...

Earnings Samsung’s chip output cut: Boon for industry, price rebound

Samsung Electronics Co., the world’s largest memory chipmaker, said on Friday it is curtailing chip production after its semiconductor busines...

Economy S.Korea confirms easing inflation; BOK to hold rate

South Korea confirmed that inflation eased while Asia’s fourth-largest economy continued to slow, adding to expectations that the government m...

Fintech Apple Pay's S.Korea debut as early as third week in March

Apple Pay, the mobile payment service by iPhone maker, is set to launch in as early as two weeks in South Korea, home to the world’s largest s...

Entertainment Webtoon starring Netmarble's girl group MAVE coming soon

Netmarble Corp. announced that the webtoon "MAVE: Another World," based on the virtual girl group, will be available on KakaoPage and Kakao Webtoon ...

Bio & Pharma Chong Kun Dang, Synaffix ink deal to introduce ADC technology

Chong Kun Dang Pharmaceutical Corp. said on Monday that it has signed a contract with Dutch biotechnology firm Synaffix B.V for the use of antibody-...

Economy S.Korea likely to suffer recession as Jan exports tumble

South Korea is likely to head for a recession for the first time in three years as exports of Asia’s fourth-largest economy in January dropped...

Bio & Pharma Ybrain, Chong Kun Dang join forces for digital medicine distribution

South Korean electroceutical platform company Ybrain Inc. said on Tuesday it has entered into a joint promotion agreement with Chong Kun Dang Pharma...

Carbon neutrality POSCO, Malaysia’s Petros to join forces on carbon capture business

POSCO Holdings Inc., the holding company of South Korea’s top steelmaker POSCO, said on Monday it has joined forces with Malaysia’s ener...

Aerospace & Defense Korea LIG Nex1 to enjoy record earnings on missile exports

LIG Nex1 Co., a leading South Korean defense company, is expected to see record earnings this year on strong missile exports, helping its shares sur...

Carbon neutrality Samsung Electronics to announce plans to join RE100 Initiative

Samsung Electronics Co., the world’s largest smartphone and memory chipmaker, will soon join The Climate Group’s RE100 Initiative as the...

Korean startups South Korea’s alternative meat startups get VCs salivating

In South Korea, the list of early stage startups that garnered more than 5 billion won ($3.8 million) in the last 12 months looks slightly different...

Obituary Economist Cho Soon 'the Keynes of South Korea' dies at 94

South Korea’s former finance minister and central bank governor Cho Soon died at 94 of natural causes on Thursday.Cho, a renowned economist ca...

Mergers & Acquisitions Ssangyong Motor sale collapses as Edison Motors fails to pay

The planned sale of Ssangyong Motor Co. to Edison Motors Co., a small South Korean electric bus maker, has broken down as Edison failed to make full...