precision and speed

Asset management South Korea’s young rich vs old rich: Coins, art outpace bonds, funds

Young South Korean millionaires, placing bold wagers on unconventional financial assets such as cryptocurrencies and art, are gaining ground fast, g...

Korean Innovators at CES 2025 SK Hynix to collaborate with Nvidia on Cosmos physical AI platform: Chey

LAS VEGAS – SK Hynix Inc., the world’s second-largest memory chipmaker, has agreed to collaborate with Nvidia Corp. on the top US AI chi...

Aerospace & Defense S.Korea's HJ S&C eyes US Navy MRO market

HJ Shipbuilding & Construction Co. (HJ S&C) said on Wednesday it won a 124.7 billion won ($894 million) contract from the Defense Acquisit...

Robotics Robotis, MIT to jointly develop physical AI

South Korea's Robotis Co. said on Tuesday it partnered with the Massachusetts Institute of Technology (MIT) to develop physical AI.Robotis and MIT w...

Electronics LG to expand appliance subscriptions to India to speed up leasing business

LG Electronics Inc., the leading global home appliance maker, is considering expanding its subscription service into new overseas markets, such as I...

Mergers & Acquisitions Korea Zinc takes control of key shareholder in management feud with MBK

Korea Zinc Inc. succeeded in taking control of Young Poong Precision Corp., a key player in the management battle against North Asia-focused private...

ASK 2024 NPS bullish on real estate in low interest era: chairman

South Korea’s National Pension Service (NPS) will raise exposure to residential housing and data centers to take advantage of lower interest r...

Mergers & Acquisitions Korea Zinc ups share buyback price, volume to counter MBK

Korea Zinc Inc. said on Friday it will buy back more shares at a higher price than originally planned to counter North Asia-focused private equity f...

Mergers & Acquisitions MBK not to raise Korea Zinc tender offer price after regulator warning

MBK Partners will not raise its tender offer prices again for Korea Zinc Inc. and its affiliate Young Poong Precision Corp. after hiking them twice ...

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 Mobis to mass-produce parts to double EV charging speed

UIWANG, Gyeonggi Province – Hyundai Mobis Co., the world’s fifth-largest auto parts maker, plans to mass-produce a component that double...

Mergers & Acquisitions Korea Zinc, Bain Capital offer $2.4 bn share buyback vs MBK

Korea Zinc Inc. said on Wednesday it will buy back shares for 3.1 trillion won ($2.4 billion) with the backing of Bain Capital to counter MBK Partne...

Bio & Pharma Osstem Implant to boost digital dentistry business

South Korea's Osstem Implant Co., the world’s fourth-largest dental implant maker, will enhance its software system of digital dentistry. ...

Leadership & Management MBK, Young Poong seek $1.5 bn hostile bid for Korea Zinc

MBK Partners Ltd., the North Asia-focused private equity firm, is set to take over Korea Zinc Inc. through an up to 2 trillion won ($1.5 billion) ho...

Corporate strategy SK seeks sale of specialty gas unit for around $3 bn

SK Group, the second-largest conglomerate in South Korea, is considering selling global leading specialty gas producer SK Specialty Co. for around 4...

Corporate restructuring Hanwha Aerospace to spin off non-core units for defense sector

Hanwha Aerospace Co., South Korea’s answer to Elon Musk’s SpaceX, has decided to separate its non-core units to concentrate on the defen...

Korean chipmakers US to award SK Hynix up to $450 mn for Indiana chip complex

The US government said on Tuesday it plans to provide SK Hynix Inc., the world’s leading high-bandwidth memory (HBM) chipmaker, up to $450 mil...

Electric vehicles Lamborghini unveils 1st plug-in hybrid SUV Urus SE in Korea

Italian sports car maker Lamborghini S.p.A. on Tuesday unveiled the Urus SE, its first plug-in hybrid super sport utility vehicle, in South Korea, t...

Robotics Lotte Innovate releases autonomous security robot Dooroo Eye

South Korea's Lotte Innovate will unveil its autonomous security robot, Dooroo Eye, at the upcoming Autonomous Driving Mobility EXPO 2024, the com...

Automobiles Hyundai Motor speeds up hydrogen bus charging business in Korea

South Korea’s Hyundai Motor Co. is set to become the largest shareholder of a local hydrogen-powered-vehicle charging station operator to boos...

Leadership & Management SK Square to ramp up chip investment with new CEO

South Korea’s No. 2 conglomerate SK Group said on Thursday that its investment arm SK Square Co., led by new CEO Han Myung-jin, will ramp ...

Bio & Pharma Kwangdong Pharma acquires stake in Precision Bio

South Korea's Kwangdong Pharmaceutical announced on Tuesday that it signed a stock purchase agreement to acquire Precision Biosensor Inc., a company...

Leadership & Management Korea Zinc speeds up separation from Young Poong in management feud

South Korea’s largest zinc smelter Korea Zinc Co. is accelerating its efforts to terminate its decades-long business relations with parent You...

Korean startups Uniqconn raises $7 mn in Series A round

South Korea's system semiconductor startup Uniqconn announced on Tuesday that it attracted 10 billion won ($7.24 million) in Series A roundThe fun...

Business & Politics Hyundai Rotem wins express train supply deal from Uzbekistan

Hyundai Rotem Co., a South Korean rolling stock and defense equipment maker, has secured a 270 billion won ($196 million) order from Uzbekistan to s...

Batteries LG Energy, ADI tie up for fast-charging EV battery technologies

LG Energy Solution Ltd., the world’s No. 3 electric vehicle battery maker, joined hands with US chipmaker Analog Devices Inc. (ADI) on advance...

Tech, Media & Telecom LG CNS unveils PerfecTwin ERP Edition in US

South Korea’s LG CNS Co., a cloud computing services arm of LG Corp., announced on Wednesday that it unveiled its testing solution PerfecTwin ...

Real estate Korea's Taeyoung to sell local hotel to speed up debt workout

South Korea’s Taeyoung Group, which is undergoing a debt workout of its construction unit, is considering selling a four-star hotel and releva...

Machinery HD Hyundai aims for world’s No. 5 spot in construction machinery

HD Hyundai Co., a South Korean shipbuilding and machinery conglomerate, is making big bets on Europe and South America to achieve its goal of seizin...

Short selling Korea builds system to speed up naked short-selling ban

South Korea’s top financial regulator is set to build a centralized digital system to strengthen the prevention of naked short-selling as the ...