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Gaon Cable takes over LS Cable & System’s US arm
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LS Cable & System USA’s plant in Tarbo, North Carolina Gaon Cable Co. said on Tuesday it has taken over…
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Korean logistics companies expand overseas businesses
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CJ Logistics breaks ground on a new logistics center in Elwood, Illinois, on Oct. 10, 2024 (File photo by CJ…
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Glenwood buys three waste management firms for about $190 mn
in NewsGlenwood Private Equity on Tuesday signed an agreement to buy three waste management companies from a small-sized South Korean business…
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Cookie Run: Tower of Adventures named Google Play’s Best Game
in News“Cookie Run: Tower of Adventures”, the globally popular mobile game of South Korean game developer DevSisters Corp., was selected the…
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Shilla Duty Free opens Guerlain Ultimate Boutique at Incheon Airport
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South Korea’s Shilla Duty Free Shop announced on Tuesday it opened the Guerlain Ultimate Boutique, the first flagship store in…
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Robotis, MIT to jointly develop physical AI
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South Korea’s Robotis Co. said on Tuesday it partnered with the Massachusetts Institute of Technology (MIT) to develop physical AI.…
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Hyundai Mobis aims to expand non-captive sales to 40% as it goes global
in NewsHyundai Mobis CEO Lee Gyu-suk unveils the company’s long-term business strategy at the firm’s CEO Investor Day 2024 South Korea’s…
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Tesla asks Samsung, SK Hynix to supply HBM4 chip samples
in NewsTesla’s cyber truck displayed at Korea’s Future Innovation Tech Expo 2024 in Daegu on Oct. 23, 2024 (Courtesy of News1…
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US private equity giant Apollo opens Seoul office for APAC expansion
in News
Apollo Partner and Head of Korea Lee Jay Hyun (Courtesy of Apollo Global Management) Apollo Global Management Inc., a US…
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MBK Partners’ 6th buyout fund raises $5 bn at 2nd close
in NewsMichael ByungJu Kim, founder and chairman of MBK MBK Partners, North Asia-focused private equity firm, has completed the second closing…
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Samsung Bioepis gets EC’s approval for Opuviz
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The headquarters of Samsung Bioepis South Korea’s Samsung Bioepis Co., Samsung Biologics Co.’s fully owned biosimilar subsidiary, and the US-based…
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Panmnesia raises $57 mn in Series A funding
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Panmnesia, a South Korean fabless startup specializing in compute express link (CXL) technology, said on Tuesday it raised 80 billion…
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L’Oréal opens SkinCeuticals second global store in S.Korea
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L’Oréal Group, the world’s largest beauty company, said on Monday it opened its second global SkinCeuticals store at Lotte Department…
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South Korea designates Korea Zinc’s precursor as national core technology
in News
South Korea has designated Korea Zinc Inc.’s precursor manufacturing process as a national core technology and advanced industrial technology, effectively…
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CJ CheilJedang puts bio business on market for about $4 bn
in NewsCJ Group is South Korea’s food -to-entertainment conglomerate CJ CheilJedang Corp., South Korea’s largest food company, is seeking to sell…
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Samsung vows to regain chip lead with new R&D center
in NewsThe construction site of the NRD-K complex in Giheung (Courtesy of Samsung Electronics) Samsung Electronics Co. is pinning high hopes…
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Macrogen’s GenTok to feature on Samsung Health app
in NewsSouth Korea’s biotech company Macrogen, Inc. signed a supply agreement to integrate its genome analysis platform, GenTok, into the Samsung…
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Alux’s export contracts with US, Japan top $5 million
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South Korean drone maker Alux Co. said on Monday its cumulative export contracts with the US and Japan have surpassed…
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Korea Inc. rushes to booming local corporate bond market
in NewsSouth Korean won banknotes (Courtesy of Getty Images) South Korean companies are rushing to raise money in the domestic corporate…
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Naver, Saudi Arabia’s NHC to build JV
in NewsSouth Korea’s Naver Corp. said on Monday it signed a memorandum of understanding (MOU) with Saudi Arabia’s National Housing Company…
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Hyundai Rotem to supply ground weapons to Peru
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Hyundai Rotem President Lee Yong-bae (left) and Jorge Zapata (right), CEO of Peru’s Army Weapons and Ammunition Factory, pose at…
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LG Energy to supply 2170-type cylindrical battery cells to Bear Robotics
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LG Energy Solution signs an MOU with Bear Robotics to Become the robotis maker’s exclusive supplier of cylindrical battery cells…
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Korea Zinc chair prepares cards up his sleeve to keep management control
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Korea Zinc Chair Choi Yun-birm speaks to the Korea Economic Daily at the company’s headquarters in Seoul on Nov. 17,…
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Korea’s Lunit in AI-powered lung cancer diagnostics deal with AstraZeneca
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AI-based chest X-ray software developed by Lunit Lunit Inc., a South Korean artificial intelligence-powered cancer diagnostics company, has partnered with…
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Samyang Foods Buldak Topokki enters Walmart in US
in NewsSouth Korea’s Samyang Foods Co. said on Monday its Buldak Topokki entered Walmart stores in the US. Available in Original…
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Samsung Bespoke AI Combo targets European market
in NewsSamsung Electronics Co. said on Sunday it held the showcase for launching its all-in-one washer-dryer, Bespoke AI Combo, in Berlin,…
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LG Display to invest extra $1 bn in Vietnam after exiting China
in News
LG Display’s newest stretcheable display unveiled on Nov. 10 LG Display Co. will invest an additional $1 billion in Vietnam…
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Samsung Electronics to buy back $7.2 bn in shares
in NewsSamsung Electronics posts weaker-than-expected operating profit in its chip business in the third quarter Samsung Electronics Co. will buy back…
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Salesforce outage disrupts businesses across Asia Pacific
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(Courtesy of Getty Images) Salesforce Inc., the world’s top customer relationship management (CRM) platform, is grappling with a major service…
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Korean EV, battery makers to suffer from Trump’s plan to end incentives
in NewsUS President-elect Donald Trump addresses the Detroit Economic Club in Detroit, Michigan, home to the country’s three largest automakers, during…
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Samsung E&A wins $214 mn petrochem plant contract in Qatar
in NewsSamsung E&A Co. said on Friday that it won a contract for the RLP ethylene storage plant construction project in…
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NH Nonghyup buys Donuimun D Tower in Seoul for $640 mn
in NewsDonuimun T Tower NH Nonghyup REITs Management Co. has completed the purchase of Donuimun D Tower, a prime office building…
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Korea’s LIG Nex1 to export unmanned surface vessel with drone, robot
in News
LIG Nex1’s unmanned surface vessel at the company’s test facility in Gumi, North Gyeongsang Province (Courtesy of LIG) GUMI, North…
