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SEJONG -- South Korea and the Asian Development Bank agreed to expand cooperation on global issues, including climate change, on the occasion of Korea taking the chair for the upcoming meeting of the global development bank set to be held in Songdo, west of Seoul, next year, the Finance Ministry sa...
South Korean electronics giants are bracing for uncertainties across the board, with some leading exporters mapping out belt-tightening plans to address the situation that some have described as grave as the 2008 global financial crisis. Memory chip supplier SK hynix is one of the companies hit ha...
"Hyundai and the people of Georgia share many qualities: respect for our histories, ingenuity, creativity, and determination to make the world better for the next generation," said Hyundai Motor Group Executive Chair Chung Euisun during the ground breaking ceremony held Tuesday local time. "Today,...
Naver said on Wednesday it has joined EV100, an initiative to electrify a firm's vehicle fleet, becoming the first internet platform company in the world to join both RE100 and EV100. Naver was the first internet company in Korea to join RE100 last August. RE100 is a coalition comprising 380 globa...
As part of its ESG drive, South Korean internet service provider SK Broadband said Wednesday it has been bolstering eco-friendly corporate culture and media campaigns. The company has been seeking to lower carbon emissions and power consumption in the company by streamlining and replacing old equi...
South Korean drug maker Boryung has acquired the selling rights of Alimta, a non-small cell lung cancer treatment developed by US pharmaceutical company Eli Lilly, for the local market. According to Boryung on Tuesday, the acquisition agreement also included the copyright and licensing rights of A...
The working population of the manufacturing industry in South Korea is aging faster than those in the US and Japan, showed research published Wednesday by the Federation of Korean Industries (FKI), a local organization representing businesses. According to the research of Korean manufacturing indu...
South Korean e-commerce giant Coupang said Wednesday it has launched a cross-border online shopping service in the burgeoning Taiwanese market, saying it would help small and medium-sized Korean companies expand their businesses overseas. Through the Taiwanese version of Coupang's mobile app, cons...
A South Korean movie director and the mayor of Newport Beach will jointly host the world’s first non-fungible token film and art festival in Newport Beach -- a coastal mecca in California just an hour away from Hollywood. “I thought of hosting the Beach Cities NFT Film & Art festival because of ...
LS Cable & Systems recently said it will make a 25.2 billion won ($17.58 million) equity investment in KT Submarine to foster its undersea cable business. The cable manufacturing unit of LS Group said it will acquire 4.04 million stocks, or a 16 percent stake in KT Submarine by December, and becom...
South Korean authorities are trying to contain a possible liquidity crunch from an overheated real estate project financing market, with Legoland Korea’s debt payment default rising adding to perceived risk levels. The total value of loans extended for the purpose of real estate project financing...
Philip Morris Korea on Tuesday launched Iqos Iluma, its new flagship heated tobacco product that requires no cleaning process, saying it hopes to enhance customer experience. “Our new heat-not-burn cigarette uses smart core induction technology that doesn’t require heating blades like previous m...
South Korean memory chip supplier SK hynix said Tuesday it has shipped the world's fastest DRAM module under the double data rate 5 standard, considered a next-generation memory technology. SK hynix shipped memory module samples that boast up to a 6,400-megabit-per-second data transfer speed and 3...
A memorial service honoring the late Samsung Electronics Chairman Lee Kun-hee was held Tuesday, without a major announcement made by the electronics giant in regards to a succession plan for his son to ascend to the top leadership. Speculation has been building recently that Samsung Electronics Vi...
The South Korean government on Tuesday kicked off the first World Bio Summit, a joint event with the World Health Organization to gather leaders of the vaccine and biotechnology industry to discuss innovations and ways to strengthen global health security. President Yoon Suk-yeol highlighted the i...
Lotte heir assumes management role amid liquidity concerns
BOK makes surprise 2nd rate cut to boost growth
Samsung, SK hynix in rush to secure chip subsidies in US
S-Oil honors 8 firefighters for lifesaving efforts
Samsung veteran on chips, displays to lead Samsung SDI
KB picks all-around banker to head banking unit