aid the reconstruction

Economy South Korea to boost aid for chipmakers to $23 billion, expanding extra budget

South Korea’s government is planning to increase support for chip makers to around $23 billion, proposing a bigger-than-expected supplementary...

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...

Chemical Industry LG Chem promises extra $14.4 million in aid over Indian gas leak

South Korea’s top chemicals maker LG Chem Ltd. said on Wednesday it will offer an additional 1.2 billion Indian rupees ($14.4 million) in huma...

Asset management Yellow Umbrella's new CIO to spur alternative investment

The Yellow Umbrella Mutual Aid Fund, a 25.4 trillion won ($18.5 billion) savings arm of South Korean small business owners, has tapped an alternativ...

Tech, Media & Telecom SK Telecom launches AI pet diagnostic solution in Australia

South Korea's SK Telecom Co. announced on Wednesday that it launched its AI-based pet diagnostic assistance service X Caliber in Australia and has b...

Business & Politics South Korea Plans $7 Billion Push to Pivot EV Battery Industry Away From China

South Korea is dedicating around $7 billion to help wean its electric-vehicle battery supply chain away from China and align more with U.S. trade gu...

Pension funds Korea's Military Mutual Aid Association starts search for new CIO

South Korea’s Military Mutual Aid Association (MMAA), which managed 10.4 trillion won ($7.7 billion) in assets as of the end of 2023, said on ...

Central bank BOK governor named chair of BIS financial system committee

Bank of Korea Governor Rhee Chang-yong has been appointed as the chairman of the Committee on the Global Financial System (CGFS) at the Bank for Int...

Construction Hyundai E&C seeks expansion to Poland, Ukraine

South Korea's Hyundai Engineering & Construction (E&C) will open a branch in Warsaw, Poland, to join a project to build small modular reacto...

Bio & Pharma S.Korea’s aid service Boram Group enters companion animal market

South Korea’s Boram Group, whose main affiliate is an aid company, has entered the companion animal market.  Affiliates Boram Sangjo and ...

Construction HD Hyundai XiteSolution to surpport Ukraine's reconstruction

HD Hyundai Co. announced on Thursday that Dmytro Ponomarenko, the Ukrainian Ambassador to South Korea, and his delegation visited the Pangyo HD Hyun...

Construction GS E&C faces heavy loss in Q2 due to apartment reconstruction plan

GS Engineering & Construction Co., South Korea’s major construction firm, posted a quarterly operating loss in the April-June period for t...

Tech, Media & Telecom LG Labs opens door to unconventional idea seekers

South Korea’s home appliance giant LG Electronics Inc. has launched LG Labs, a playground for those wanting to test unconventional ideas that ...

Construction Hyundai E&C joins project for Ukraine's post-war reconstruction

South Korea’s Hyundai Engineering & Construction (E&C) has joined a post-war reconstruction project in Ukraine to expand the nation&rs...

Batteries Deal reached on LG-Stellantis battery plant subsidy; construction resumes

All construction work at a battery joint venture in Canada between South Korea’s LG Energy Solution Ltd. and multinational automaker Stellanti...

Korean chipmakers Samsung Electronics to aid foundry clients with state-of-the-art tech

Samsung Electronics Co., the world’s largest memory chipmaker, will provide its foundry clients with state-of-the-art technology to support th...

E-commerce Coupang taps former Trump aide for political relations

South Korean e-commerce giant Coupang Inc. hired a top aide of former US President Donald Trump to expand its political network in Washington and se...

Business & Politics S.Korea-Iraq Joint Committee resumes operations after six years

A joint committee between South Korea and Iraq will be held again after a six-year hiatus.The government plans to help Korean companies win large pr...

Construction HD Hyundai to participate in Ukraine reconstruction project

South Korea's HD Hyundai Construction Equipment Co., the industrial affiliate of HD Hyundai Co., said on Thursday that it held discussions with Ukra...

Business & Politics S.Korea to send $130 mn in aid for Ukraine’s reconstruction

South Korea will aid the reconstruction of Ukraine, which is at war with Russia, through loans worth $130 million from the Economic Development Coop...

Bio & Pharma S.Korea's Kainos Medicine exports AIDS treatment technology to China

South Korean new drug developer Kainos Medicine Inc. announced on Friday that it had signed a technology transfer agreement with Chinese pharmaceuti...

Korean startups Korean gov’t pledges additional $7.9 bn for startups amid fund squeeze

The South Korean government will spend an additional 10.5 trillion won ($7.9 billion) to shore up the country’s startups and venture capitalis...

Bio & Pharma S.Korea’s KOTRA to aid domestic pharmaceutical firms in Japan entry

The government-run (South) Korea Trade-Investment Promotion Agency (KOTRA) announced on Tuesday that it will hold an export consultation meeting for...

Tech, Media & Telecom Naver to aid in Saudi’s digital transformation, green light for Neom deal

South Korea’s online business giant Naver Corp. said on Thursday it has signed an initial agreement with the Saudi Arabian government to assis...

ESG POSCO Flow to assist World Vision in transportation of relief goods

POSCO Flow, a logistics partner of World Vision, agreed on Tuesday to help transport relief and sponsorship goods for the humanitarian organization ...

Batteries Samsung SDI wins $95 mn EU aid for Hungary battery plant

Samsung SDI Co. has secured €89.6 million ($95 million) in subsidies from the European Union for its first electric vehicle battery plant in Hu...

Business & Politics S.Korean firms offer aid to earthquake-stricken Turkey

South Korean companies are joining the international effort to aid Turkey in the aftermath of a devastating earthquake.Doosan Group announced on Wed...

War in Ukraine Ukraine War Drives Rapid Growth in South Korea’s Arms Exports

SEOUL—The Ukraine war has fueled rapid growth in South Korea’s arms exports as countries supporting Kyiv turn to Seoul to replenish thei...

Robotics Samsung Electronics to launch its first robot EX1 this year to rival LG

Samsung Electronics Co. will bring its first robot EX1 to market this year to compete with LG Electronics Inc., shifting its focus from traditional ...

Shareholder activism Hanjin Group management rights feud resolved with aid of LX Group

LX Pantos, an LX Group affiliate, has acquired a 3.86% stake in Hanjin KAL Corp., the holding company of Hanjin Group.The LX Group is considered a k...