Hanwha Systems' laser air defense weapon Cheongwang successfully intercepted three out of three target drones in a live-fire demonstration, highlighting the company's efforts to expand its presence in...

Shinhan Financial Group is seeking to bolster its nonbank operations by acquiring Lotte Insurance, but analysts cautioned Thursday that a meaningful contribution to group earnings may take time, as th...

The Financial Services Commission’s (FSC) planned relocation to the administrative city of Sejong next year is raising concerns across the financial industry about potential disruptions to communicati...

QUVASOY, Uzbekistan — Hansae Mobility, a Korean automotive parts manufacturer supplying global carmakers, has expanded its overseas production capacity with the completion of a new plant in Quvasoy, i...

Major Korean companies including Samsung, SK and Doosan are considering participating in the acquisition of a stake in U.S. nuclear power company Westinghouse, according to industry sources. If privat...

Taihan Cable & Solution, a leading power cable and energy infrastructure manufacturer, said Thursday that its U.S. subsidiary has won a turnkey extra-high-voltage grid project in the United States, ca...

CJ OliveNetworks, the digital and technology unit of CJ Group, is branching into the travel industry with a new global membership service that enables foreign visitors in Korea to earn rewards and red...

Korean data center chipmaker FADU has unveiled what it calls the world’s first file-semantic solid-state drive (SSD), a storage technology designed to help artificial intelligence (AI) systems access ...

Korean and U.S. business leaders on Thursday called for faster regulatory approvals, tax and financial support, and visa reforms to ensure the successful implementation of major Korean investment proj...

Filipinos rank among the top three markets worldwide for artificial intelligence feature usage on Rakuten Viber, according to the messaging platform, with young professionals among the most active use...