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Korean chipmakers TSMC’s potential deal with Intel keeps Samsung on edge

South Korea’s semiconductor industry is closely watching developments in talks between TSMC and Intel Corp. over the world’s largest con...

Electronics 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...

Mergers & Acquisitions Hahn & Co. to buy controlling stake in SK’s specialty gas unit for $1.9 bn

South Korea’s private equity firm Hahn & Co. is set to acquire a controlling stake in the world’s top specialty gas producer SK Spec...

Automobiles Kia aims to reclaim Europe with EV2, keeps K4 output unchanged in Mexico

Kia Corp., South Korea’s second-largest carmaker, will start producing its entry-level electrified model EV2 from its plant in Slovakia next y...

Mergers & Acquisitions Hyosung TNC acquires Hyosung Chemical’s specialty gas unit for $642 mn

Hyosung TNC Corp., a South Korean textile and yarn maker, said on Thursday it will acquire the specialty gas division of Hyosung Chemical Corp. for ...

Central bank BOK to keep rate at 3.25% in Nov despite dim GDP outlook: survey

South Korea’s central bank is expected to freeze its policy rate at 3.25% during its last monetary policy meeting of the year to prevent any f...

Mergers & Acquisitions Korea Zinc drops $1.8 bn rights issue to regain shareholder support

Korea Zinc Inc., the world’s top lead and zinc smelter, on Wednesday withdrew its 2.5 trillion won ($1.8 billion) rights issue as the move to ...

ASK 2024 UCK Partners advises Korean-style approach for buyout deals

An increasing number of South Korean companies are on the radar of private equity investors as the firms undergo digital transformation and generati...

Automobiles Kia releases 2025 model year of Carnival

Kia Corp., South Korea’s second-largest automaker, said on Monday it will release The 2025 Carnival, a model year of its large recreational ve...

Banking & Finance Mirae Asset Securities builds AI-based stock analysis system

South Korea's Mirae Asset Securities Co. said on Monday that it has established an AI Market Assistant system, in which artificial intelligence (AI)...

Fashion Uniqlo expands in Korea as No-Japanese boycott wanes

Uniqlo Co., a Japanese fast fashion brand, is vigorously expanding brick-and-mortar stores in South Korea, attracting budget-conscious consumers ami...

Banking & Finance Mirae Asset Securities introduces AI assistant platform for its employees

South Korea's Mirae Asset Securities said on Friday that it introduced an artificial intelligence (AI) assistant platform to enhance company-wide op...

Banking & Finance Hana Bank opens branch for foreign customers in Pyeongtaek

South Korea's Hana Bank said on Thursday that it opened a branch for foreigners in Pyeongtaek.The Pyeongtaek Foreign Customer Center, located in Pye...

Energy SK E&S creates value chain from FPSO, gas field project to carbon capture

SINGAPORE – At Seatrium Admiralty Yard on Jurong Island, southwest of Singapore, some 2,000 workers are busy welding gas pipes and doing other...

Korean chipmakers Samsung Electronics, TSMC tie up for HBM4 AI chip development

TAIPEI – South Korea’s Samsung Electronics Co., the world’s largest memory chipmaker, is partnering with its foundry rival Taiwan ...

Electronics LG Elec to unveil AI home hub ThinQ ON at IFA

LG Electronics Inc. said on Thursday that it will unveil LG ThinQ ON, the home appliance industry's first AI home hub equipped with generative artif...

Central bank BOK signals autumn rate cut as inflation, economic growth slow

South Korea’s central bank is likely to reduce interest rates in the next three months as inflation is expected to ease amid a slowdown in Asi...

Foreign exchange Korean won at 5-mth high; BOK may not lower interest rate

The South Korean won on Monday touched a five-month high as the central bank may not immediately cut its policy interest rate due to rising property...

Korean stock market South Korean stocks rebound but still on rollercoaster

South Korean stocks on Tuesday recouped some of their hefty losses caused by the previous day's global panic selling after financial authorities iss...

Tech, Media & Telecom SK Telecom's X Caliber to enter SE Asian pet market

South Korea's SK Telecom Co. announced on Tuesday that it signed a contract to supply X Caliber, an AI-based pet diagnosis assistance solution, to t...

Economy Korean banks raise mortgage rates despite looming rate cut

South Korean banks are raising mortgage rates again as the government strives to curb household debt growth that grew at its sharpest pace in three ...

Artificial intelligence Rebellions, Igloo partner for AI-based security

South Korea’s fabless AI chip startup Rebellions Inc. announced on Tuesday that it partnered with AI-based security operations and analysis pl...

Tech, Media & Telecom SK Telecom's X Caliber enters N.American pet market

South Korea's SK Telecom Co. announced on Monday that it signed a distribution agreement with Canadian pet medical equipment company Nuon & Nikk...

Central bank BOK chief signals rate cut; warns of rising housing prices

The time is ripe to prepare an interest rate cut as consumer prices are holding around South Korea’s target of 2%. But it remains uncertain wh...

Batteries Korea to keep track of EV battery life cycles for recycling

The South Korean government will monitor electric vehicle (EV) battery life cycles to share information on the lifespan, performance and accident hi...

Korean startups Law&Company vows to go global with AI legal assistant

Law&Company Co., the operator of South Korea’s largest legal advice app LawTalk, will venture into the US legal tech market in five years ...

Short selling MSCI keeps Korea on emerging market list on short-selling ban

MSCI Inc. maintained South Korean stocks in its emerging market list as the government kept its blanket short-selling ban, denting the country&rsquo...

Artificial intelligence SK Telecom invests $10 mn in Perplexity

South Korea's SK Telecom Co. announced on Thursday that it invested $10 million in Perplexity, the US-based generative artificial intelligence (AI) ...

Tech, Media & Telecom Southeast Asia, Korea Inc’s new IT outsourcing powerhouse

PHNOM PENH – South Korean technology companies grappling with prolonged software developer shortages are actively broadening their search for ...

Food & Beverage Shinsegae Dept. Store to sell luxury wines in Gangnam

South Korean retail giant Shinsegae Group is set to sell luxury wines with price tags up to tens of thousands of dollars in Seoul, as demand for pre...