self-driving shuttle

Bio & Pharma Korea’s pharmaceutical exports set to top $10 bn, led by ‘K-M7’ champions

South Korea’s pharmaceutical exports are on course to surpass $10 billion this year, underscoring the country’s growing clout in the glo...

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...

Pension funds Global assets drive Korean teachers' fund to 11.1% return in 2024

The Korean Teachers’ Credit Union (KTCU) achieved an 11.1% return on investments in 2024, with overseas portfolios in stocks, infrastructure a...

Corporate strategy Hyundai chief Chung Euisun targets software-led car dominance by 2028

Hyundai Motor Group Chairman Chung Euisun has set an ambitious target to outpace Tesla Inc. in software-defined vehicle (SDV) technology by 2028, un...

Real estate Global real estate market poised for strong rebound: Savills

The global real estate market is expected to pick up significantly over the next few years, with around $500 billion worth of real estate assets, he...

Mergers & Acquisitions Seoul Private Equity seeks to buy Winia under court receivership

Seoul Private Equity has signed a conditional agreement to buy Winia Co., a home appliance manufacturer under court receivership, through a stalking...

Artificial intelligence LG, SNU team up to develop AI modeling for protein structure predictions

LG AI Research Institute, the artificial intelligence think-tank of LG Group, South Korea’s fourth-biggest conglomerate, on Thursday signed a ...

Mergers & Acquisitions SK, Lotte's restructuring to drive Korea's M&A market in 2025

SK and Lotte groups remain the focus for South Korean dealmakers as the two conglomerates accelerate restructuring by divesting non-core assets, a s...

Robotics Neubility, Samsung C&T offer robot delivery service

South Korea's autonomous robot startup Neubility and Samsung C&T Corp. said on Wednesday that they began to offer door-to-door delivery in apa...

Batteries LG Energy to supply batteries to US solar EV startup Aptera for 7 years

LG Energy Solution Ltd., the world’s third-largest battery maker, agreed to supply cylindrical products to Aptera Motors Corp., a US solar ele...

Private equity US private equity giant Apollo opens Seoul office for APAC expansion

Apollo Global Management Inc., a US private equity powerhouse, said on Monday it has opened an office in Seoul to expand its business in the Asia Pa...

Corporate restructuring Korean steel giant POSCO to sell Chinese JV PZSS amid US-China trade war

South Korean steel giant POSCO Holdings Inc. is seeking to sell its entire stake in a Chinese stainless steel joint venture as it faces growing comp...

Future mobility Self-driving tech startup RideFlux raises $1.9 mn in Series B

RideFlux Inc., a South Korean autonomous driving technology startup, raised 26 billion won ($1.9 million) in a Series B funding round about four mon...

Logistics Samsung SDS, Korea Air Force to cooperate on military logistics

South Korea's Samsung SDS Co. said on Tuesday it signed an agreement with the Korea Air Force Headquarters to cooperate on the digital transformatio...

Future mobility Hyundai Motor, Waymo forge multi-year, strategic partnership

South Korea’s top automaker Hyundai Motor Co. said on Friday it has entered into a multi-year strategic partnership with Waymo LLC to jointly ...

Leadership & Management SK Group may beef up reform drive after CEO seminar

South Korea’s energy-to-telecom conglomerate SK Group will hold an annual strategic meeting presided over by its Chairman Chey Tae-won from Oc...

Electric vehicles Mercedes-Benz EV sales tumble in South Korea after fire

German luxury carmaker Mercedes-Benz AG suffered a nosedive in EV sales in South Korea in August after a fire broke out in one of its electric vehic...

Tech, Media & Telecom Will Samsung take over Nokia’s mobile network assets?

Samsung Electronics Co., the world’s top smartphone maker, has expressed interest in the mobile networks business of Nokia Oyj, a global telec...

Central bank BOK signals autumn rate cut as inflation, economic growth slow

South Korea’s central bank is likely to reduce interest rates in the next three months as inflation is expected to ease amid a slowdown in Asi...

Future mobility Electrification, Hyundai Mobis’ growth engine for future mobility

Hyundai Mobis Co., the world’s fifth-largest auto parts maker, is set to focus on electrification to enhance its competitiveness in future mob...

Companies Kakao Games reports sharp drop in Q2 operating profit

Kakao Games Corp., a game publishing unit of South Korean tech giant Kakao Corp., reported a sharp decline in second-quarter earnings on Wednesday d...

Retail Shinsegae Factory Store to enter Laos in 2025

South Korea's Shinsegae Department Store announced on Wednesday that its off-price retail chain, Shinsegae Factory Store, will expand its global foo...

Korean startups Colosseum poised for next leap with global expansion drive

Colosseum Corporation Inc., a fulfillment startup based in South Korea, has set its sights on global conquest with its nationwide and international ...

Earnings Hybrids, SUVs drive Hyundai Q2 profits to record high

Hyundai Motor Co. posted its strongest quarterly results in the second quarter, with brisk sales of high-margin models such as hybrid cars and sport...

Energy High power bills drive Korean manufacturers out of country

South Korean manufacturers are increasingly moving abroad as the country's electricity bills are hovering about 30% higher than those of major eco...

Electric vehicles Hyundai Mobis unveils airbags for purpose-built vehicles

Hyundai Mobis Co., the world’s sixth-largest auto parts maker, on Thursday unveiled the industry’s first airbags for purpose-built vehic...

Sports Twentysomething women become mainstream Korean baseball fans

South Korea is a fast-aging country, where one in every five people is 65 years old or older. But it is a different story for the country’s pr...

Asset management Young rich Koreans: Financially literate, self-directing

Young South Korean millionaires want to take more control of their investments and bet on sectors they know, not relying passively on private banker...

Leadership & Management AI to drive Mirae Asset's next-phase growth: chairman

Mirae Asset Group is a pioneer in South Korea’s mutual fund industry. It launched the country’s first equity mutual fund in the wake of ...

Automobiles Kia opens experiential booth at Incheon Int'l Airport

Kia Corp. announced on Tuesday that it has transformed the exhibition booth located near Gate H in the departure area of ​​the third floor of Incheo...