TRI

Real estate IGIS fund defaults on loan linked to German office

A 370-billion-won ($270 million) real estate fund managed by IGIS Asset Management Co. faces a heavy loss from its investment in Trianon, a landmark...

Fraud scandals Korea fines Doosan Enerbility $12 mn for improper bookkeeping

South Korea’s top financial regulator said on Wednesday it will fine local major power plant builder Doosan Enerbility Co. 16.1 billion won ($...

Automobiles Hyundai Wia to create new subsidiaries: Movient, Teczen

South Korea's second-largest auto parts maker Hyundai Wia Corp. announced on Thursday that it will establish two subsidiary companies, "Movient" and...

Bio & Pharma Hanwha to re-enter biopharma market, targeting biomaterials

South Korea’s Hanwha Group will re-enter the biopharmaceutical market to become the country’s sole producer of tris buffers, a key reage...

Airlines Asiana collaborates with China's Ctrip for live commerce broadcast

Asiana Airlines Inc. announced on Wednesday that it will conduct a live commerce broadcast in collaboration with China's largest online travel agenc...

North Korea North Korea Launches Suspected Spy Satellite After Two Botched Tries

SEOUL—North Korea appeared to launch its homegrown spy satellite late Tuesday, South Korea’s military said, a much-anticipated attempt a...

Fashion Global fashion brands block Koreans' access to US websites

Some global fashion brands such as Ralph Lauren Corp. and Tommy Hilfiger have blocked South Koreans’ access to their US websites to support bu...

Korean food Bread mimicking S.Korean penny embroiled in design theft controversy

The Bank of Korea (BOK) has announced that it is in talks with companies to change the design of the “Gyeongju 10 won bread,” which rece...

Regulations EU’s new battery act comes with caveats; headache for Samsung, Apple

The European Union’s decision to go greener with batteries that cut carbon emissions and promote recycling comes with a few caveats, posing a ...

Travel & Leisure Yanolja looks to triple foreign visitors to Korea with K-culture tours

South Korea’s top travel and accommodation platform Yanolja Co. aims to nearly treble the number of foreign tourists to the country through it...

Leadership & Management Korea’s GS E&C holds first global HR conference in Mumbai

GS Engineering & Construction Co. announced on Friday that it recently held the “1st Global HR Leaders Conference” attended by chief...

Chemical Industry Hyosung Chemical makes emergency investment in crisis-hit Vietnamese subsidiary

Hyosung Chemical announced on Monday that it will invest $120 million in its Vietnamese subsidiary, Hyosung Vina Chemicals Co.Hyosung Vina Chemicals...

Electronics S.Korean display companies look to expand business in India with Vedanta

South Korean display companies try to make breakthrough in new market by entering Indian market.The Korea Display Industry Association (KDIA) announ...

Food & Beverage Korea's LifeSemantics establishes health functional food subsidiary

Digital healthcare company LifeSemantics Co. has entered the health functional food business by creating a new subsidiary, NutraSemantics. The South...

Construction Hyundai Const. Equipment unveils new BI, slogan at CONEXPO 2023

Hyundai Construction Equipment Co., a construction equipment subsidiary of HD Hyundai Co., announced on Thursday the release of its new brand identi...

Advertising & Marketing HD Hyundai expands online communication channels

HD Hyundai Co., formerly known as Hyundai Heavy Industries Group, has announced its intention to enhance its online communication channels to better...

Robotics LG Elec places GuideBot in museums to improve viewing accessibility

LG Electronics Inc. announced on Thursday that the LG CLOi GuideBot "Qi" will be deployed as a curator at both the Gongju National Museum and Nation...

Bio & Pharma Coreline Soft to supply AI diagnosis solution to France

Coreline Soft, a South Korean company specializing in developing medical artificial intelligence (AI) devices, said on Tuesday that it has signed an...

Bio & Pharma NGeneBio's diagnostic products start to be used in clinical tests in Vietnam

South Korea's medical diagnostics company NGeneBio Co. said on Wednesday that it is expanding its business in the Southeast Asian precision diagnost...

Real estate Stay disciplined, be more aggressive in 2023: PGIM Real Estate CEO

Investors often lose deals as they are too cautious or wait too long for values to go up to the exact point they expect. However, being too precise ...

Artificial intelligence SAPEON X220 completes tech demo of fashion-specialized AI service

South Korea's artificial intelligence company Sapeon has completed a technology demonstration of its semiconductor SAPEON X220 on "Virtual Try-On," ...

Bio & Pharma ToolGen, ANLBIO to jointly develop progeria treatments

South Korea's two biotech startups ToolGen Incorporated and ANLBIO on Tuesday signed a joint research and development agreement for developing proge...

Bio & Pharma Boryung holds Care-in-Space Challenge in US for space healthcare startups

South Korea's pharmaceutical company Boryeong said on Friday that it held the first "Care-in-Space Challenge" event, a new space healthcare startup ...

Mergers & Acquisitions Kakao Pay seeks to acquire Loca Mobility up for sale by MBK Partners

Kakao Pay Corp., the mobile payment and digital wallet service unit of South Korean tech giant Kakao Corp., is seeking to acquire Loca Mobility Corp...

Bio & Pharma Mezzion Pharma to try again for US FDA approval of drug

South Korea's Mezzion Pharma will seek to get the oral medicine Udenafil to treat side effects from heart surgery, planning to clinical trials in th...

Leadership & Management Lotte to replace construction unit CEO due to liquidity crisis

Lotte Group will replace the head of its construction unit, hit by a liquidity crisis stemming from project financing, to ease investor concerns ove...

Automobiles Drivers try racing Hyundai’s latest models at Asia’s largest driving center

The HMG Driving Experience Center, which is set to open on Sept. 16, will offer the general public an opportunity to try out aspects of professional...

Automobiles Hyundai opens Asia’s largest driving center in S.Korea

Hyundai Motor Group, South Korea’s top automaker, on Wednesday opened the largest driving center in Asia to showcase the performance of its ve...

Supply chain Deepening diesel exhaust fluid crisis puts Korea’s key industries at risk

The diesel exhaust fluid (DEF) shortage in South Korea stemming from China's suspension of urea exports is getting worse, as local DEF inventories a...

Energy Samsung Heavy aims renewable energy markets with offshore wind floater

South Korea’s Samsung Heavy Industries Co. unveiled an offshore wind floater to branch out into renewable energy markets at home and abroad. ...