Wanted Lab

Real estate IGIS taps Samjong KPMG, Cushman & Wakefiel, NAI for sale of AP Tower

IGIS Asset Management Co., a leading South Korean real estate investment firm, has chosen a consortium of Samjong KPMG Accounting Corp., Cushman &am...

Bio & Pharma SillaJen: First to use lab-grown human tissue to find best cancer drug dose

South Korean biotechnology firm SillaJen Inc. is pioneering a new approach to determine the best dose for a cancer drug combination in clinical tria...

Korean chipmakers Magnachip to sell display business in H1 to focus on power semiconductors

South Korean chipmaker Magnachip Semiconductor Corp. plans to sell its display business by the end of the first half as part of a strategic shift to...

Artificial intelligence SK Telecom invests $3 mn in AI-powered video analysis startup Twelve Labs

South Korea’s top mobile carrier SK Telecom Co. said on Friday it will invest $3 million in Twelve Labs Inc., a Korean AI-powered video analys...

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 ...

Korean startups NXN Labs aims to be Adobe of image generation AI

South Korean tech giant Naver Corp.-backed NXN Labs Inc., the developer of an artificial intelligence-powered image generation program, aspires to b...

Bio & Pharma President of Latvia visits S.Korea's Daan Cancer Lab

Daan Cancer Laboratory under Severance Hospital said on Thursday it signed a memorandum of understanding (MOU) with the Latvian government to streng...

Korean startups Bering Lab eyes 7-fold jump in revenue in 5 years

Bering Lab Inc., a South Korea-based artificial intelligence technology-powered translation startup with specialties in legal, financial and intelle...

Business & Politics Korea mulls raising US oil imports to cope with Trump trade policies

South Korea, the world’s fourth-largest oil importer, is considering increasing US oil imports to ease potential pressure from President-elect...

Retail GS Retail selects six startups to innovate retail biz

South Korea's GS Retail said on Friday it selected six startups—Studio Lab, Tilda, Oasis Business, YesPlzAI, Vessl AI, and Raondata—th...

Automobiles Hyundai, SNU, POSTECH, KIST build joint robotics lab

Hyundai Motor Group said on Wednesday that it established a joint robotics research lab in collaboration with South Korea's top research institution...

Artificial intelligence S.Korean AI content platform Zeta surpasses 1 mn users

South Korean generative artificial intelligence (AI) startup Scatter Lab said on Monday its interactive AI content platform Zeta has surpassed 1 mil...

Artificial intelligence Naver Labs tops in spatial intelligence tech at ECCV

Naver Labs' spatial intelligence technology was recognized as superior to that of Google, Apple, and Meta at the world's leading computer vision con...

Electric vehicles Hyundai, Kia’s H1 vehicle sales in Singapore double

South Korea’s top automaker Hyundai Motor Group said on Sunday its vehicle sales in Singapore, a high-tech innovation hub, more than doubled i...

Korean games Krafton diversifies its business by investing in Spoon Labs

South Korea's gaming giant Krafton Inc. said on Wednesday that it invested in SpoonLabs, a domestic short-form drama platform companySpoonLabs is th...

Banking & Finance IGIS, Naver Labs to develop tech convergence space platform

South Korea’s IGIS Asset Management Co. said on Wednesday that it signed a memorandum of understanding (MOU) with six companies, including Nav...

Electric vehicles After Mercedes Fire, EV Owners Want to Know What Battery They Have

SEOUL—The uproar over a Mercedes-Benz electric vehicle that burst into flames in South Korea this month wasn’t only about fire...

Venture capital Korea Investment, most generous venture capitalist in H1

Korea Investment Partners Co. spent the most on local startups among venture capitalists in the first half, while South Korean game developer Smileg...

Electronics LG Elec opens LG Labs experience pop-up zone

LG Electronics Inc. announced on Wednesday that it will operate the "Wow Life's Good Lab" pop-up zone at Ground 220 in Yeongdeungpo-gu, Seoul, until...

Tech, Media & Telecom Samsung Elec calls for C-Lab Outside applications

Samsung Electronics Co. announced on Monday that it will enlist startups to participate in its external startup incubation program C-Lab Outside unt...

Corporate governance Korea’s Hanmi family feud to end as key shareholder mediates

South Korean Hanmi Pharmaceutical Group’s founding family is set to conclude an ongoing feud as the group’s top individual shareholder h...

Korean startups Dentlink, virtual lab for dentists around the world

It's been just over two years since Innovaid Co. launched Dentlink but the South Korean startup has already pivoted from its earlier local market-ce...

Artificial intelligence Nvidia co-leads Series A round for AI startup Twelve Labs

Global chip giant Nvidia Corp. has co-led a $50 million Series A funding round for Twelve Labs, a South Korean artificial intelligence company speci...

Electric vehicles Hyundai Motor, Kia to develop alternative to rare earth materials

Hyundai Motor Co. and Kia Corp. have partnered with South Korea's universities to secure materials for vehicle electrification components.Hyundai Mo...

Logistics Samsung Welstory completes new Vietnam logistics center

South Korean food and beverage company Samsung Welstory announced on Thursday that it completed a new logistics center with a cold chain system in B...

Artificial intelligence Naver D2SF invests in image generation AI startup

South Korea's top online portal Naver Corp. announced on Wednesday that its startup nurturing organization D2SF (D2 Startup Factory) invested in the...

Artificial intelligence SK Networks establishes AI lab in Silicon Valley

South Korea's SK Networks Co. announced on Wednesday that it opened the PhnyX Lab, an artificial intelligence (AI) technology development organizati...

Retail Korea leads global online shopping trend for used luxury goods

South Koreans are leading the trend of buying used luxury goods online with top-end products such as Rolex watches and Hermes bags among the hottest...

Artificial intelligence LG, Jackson Lab to jointly develop AI models for Alzheimer’s, cancers

LG AI Research, the artificial intelligence research arm of South Korea’s LG Group, and the Jackson Laboratory (JAX), a US non-profit biomedic...

Tech, Media & Telecom Wanted Lab, Digital Hearts to support S.Korean, Japanese startups

South Korea’s human resources (HR) management tech company Wanted Lab Inc. announced on Thursday that it has signed a memorandum of understand...