landing gear malfunction

Cryptocurrencies RedotPay lands in Seoul with crypto cards

RedotPay, a Hong Kong-based blockchain fintech company, has arrived in South Korea with its cryptocurrency-based payment cards and is poised to disr...

Mergers & Acquisitions CJ CheilJedang scraps $3.5 bn green bio sale, shifts gears to expansion

CJ CheilJedang Corp., South Korea’s largest food and beverage company, said on Wednesday it has scrapped a planned sale of its green bio busin...

Economy Trump’s tariffs are hitting exports, early Korean data show

The effects of President Trump’s new tariffs are starting to be felt across the world, preliminary South Korean trade data suggest, as Seoul p...

Pension funds NPS gears up for investment overhaul with boost in risk assets

South Korea’s National Pension Service (NPS), the country’s largest institutional investor, is set to overhaul its investment strategy w...

Bio & Pharma ABL Bio lands $2.8 billion license-out deal with GSK

ABL Bio Inc., a South Korean biotech company, will license out its proprietary blood-brain barrier shuttle platform, called the Grabody-B, to UK-bas...

Leadership & Management Hanwha gears up for 3rd-generation leadership with chairman’s stake gift

South Korea’s chemical-to-defense conglomerate Hanwha Group Chairman Kim Seung-youn will hand over half of his holdings in the conglomerate&rs...

Medical devices Middle East: New land of opportunity for Korean medical devices

South Korea is making inroads into the Middle East's medical device market dominated by the US and Europe, aiming to leverage the region’s str...

Retail E-Land manages New Balance’s record $689 mn in Korean sales

South Korea’s retail giant E-Land Group has achieved 1 trillion won ($689 million) in Korean sales of the global sports footwear and apparel b...

Retail E-Land sets sights on Vietnam as its next China, to open 10 outlets by 2025

South Korea’s retail giant E-Land Group has set its sights on Vietnam as its next target market after China, planning to open 10 outlets there...

Markets Indian stock market gears up for leap: NSE CEO  

India’s stock market is gearing up for a leap thanks to an influx of retail investors seeking better returns and the lower barriers for small ...

Banking & Finance Korea Investment manages Vista Land $50 mn global bond issuance

Korea Investment & Securities Co. announced on Thursday that its Hong Kong subsidiary KIS Asia managed the issuance of $50 million in global bon...

IPOs LG CNS gears up for 2025 IPO with $5.1 billion in enterprise value

LG CNS Co., the information technology service unit of South Korea’s LG Group, is gearing up for an initial public offering early next year, o...

Travel & Leisure Korea’s taxi app i.M ties up with MK Group to land in Japan

South Korea’s premium ride-hailing app i.M joined hands with Japan’s taxi operator MK Group to allow each platform's customers to use bo...

Steel POSCO gears up for carbon-free steelmaking with hydrogen

POHANG, North Gyeongsang Province – POSCO, the world’s seventh-largest steelmaker, is set to significantly reduce emissions in the produ...

Retail E-Land Retail to enter convenience store market

South Korea's E-Land Retail, the operator of Kim's Club, NC Department Store, and New Core Outlet operator, plans to enter the convenience store mar...

Korean startups Startups bet on affluent Gen X in Korea’s senior living market

Elder-care startups are rushing to build high-end senior homes in South Korea targeting affluent Generation Xers set to retire in five years on expe...

Korean chipmakers Samsung sets up team to win AI chip deal from Nvidia

Samsung Electronics Co., the world’s top memory chipmaker, established a team for a billions-of-dollars high-bandwidth memory chip supply deal...

Korean chipmakers Samsung shifts gears to focus on HBM, server memory chips

South Korean tech giant Samsung Electronics Co. said on Tuesday it will adjust its memory chip product mix to increase the output of advanced memory...

Tech, Media & Telecom Middle East, land of dreams for South Korean IT firms

South Korea’s information technology and game companies are rushing to the Middle East to seek global growth drivers as the oil-rich countries...

Korean startups Breezm lands in US with plan to open 100 stores in 5 years

Breezm, a South Korean startup making customized eyeglasses with artificial intelligence and 3D technologies, has opened its first offshore store in...

Fashion LF’s fashion brand Dunst teams up with E-Land for China push

South Korean clothing company LF Corp. said on Monday that its street fashion brand Dunst will build an offline presence in China in partnership wit...

Travel & Leisure Kangwon Land aims to revive casino business with $1.9 billion in spending

Kangwon Land Inc., the operator of South Korea’s only casino open to locals, has long been struggling with declining visitors.Located in a rem...

Blockchain Nexon opens blockchain game corporations in UAE

South Korea’s online game developer Nexon Korea Corp. opened its corporations in the United Arab Emirates (UAE) at the end of last year to str...

Korean startups Big Tech engineers rush to Korea’s AI chip startups as potential looms

Big Tech engineers are flocking to South Korea’s promising startups specializing in artificial intelligence chips, a fast-growing sector in th...

Energy Doosan gears up to develop world's 1st hydrogen gas turbine

In September 2019, Doosan Enerbility Co. wrote a new chapter in its history. It became the world's fifth company to develop a gas turbine even at th...

Travel & Leisure Mohegan fuels casino, resort market rivalry in Korea

Mohegan Inspire Entertainment Resort on Yeongjong Island, near South Korea’s gateway Incheon International Airport, is attracting throngs of v...

Automobiles BMW joins other foreign brands’ moves to use domestic car GPS in Korea

German luxury carmaker BMW Group is installing domestic GPS navigation systems in models sold in South Korea, joining other imported car brands&rsqu...

Earnings SK Telecom gears up for AI leap in 2024

SK Telecom Co., South Korea’s largest mobile carrier, will expedite its transition into an artificial intelligence company this year after its...

Automobiles Daedong Gear to supply $137mn EV parts to Hyundai

Daedong Gear Co., a powertrain subsidiary of South Korea’s Daedong Group, announced on Thursday that it has won a 183.6 billion won ($137 mill...

Food & Beverage HiteJinro signs land agreement for Vietnam soju plant

HiteJinro Co., a South Korean alcoholic beverage company, has signed a land agreement for its planned soju plant in Vietnam. The agreement marks a m...