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Korea’s robotics solutions provider Thoth said Wednesday that its vehicle battery dispoal solution has been recognized with three innovation awards at this week's CES 2025 in Las Vegas. Thoth's "DisMantleBot" technology determines whether a used battery should be dismnatled completely or partially, as well as suggesting the optimal dismantling method based on the level of remaining electricity. The solution then systematically disassembles the battery into basic components, such as anodes, catho
Discussions revolve around strengthening bilateral partnership and ensuring business continuity amid uncertain times The American Chamber of Commerce in Korea held a special meeting in Seoul on Wednesday with Gyeonggi Province to discuss strategies for fostering economic cooperation and strengthening bilateral ties between South Korea and the US. The session, led by AmCham Chair and CEO James Kim and Gyeonggi Province Gov. Kim Dong-yeon, focused on investment opportunities and initiatives to enh
Krafton, the Korean gaming giant behind PUBG: Battlegrounds, showcased its artificial intelligence technology developed in collaboration with US chip giant Nvidia, on Wednesday at CES 2025 in Las Vegas. Speaking at the Fontainebleau Hotel, Lee Kang-wook, head of Krafton’s deep learning division, unveiled its innovative model designed to enhance gaming experiences. Known as the "Co-Playable Character," the technology leverages generative AI to create lifelike and dynamic nonplayer characters. “Bu
Samsung Biologics announced Thursday that it has signed a memorandum of understanding with LigaChem Biosciences to collaborate on the development of antibody-drug conjugates, with plans to launch at least three joint projects this year. ADCs, often referred to as guided missiles for their precision, use targeted antibodies to deliver cancer-fighting drugs directly to cancer cells, offering higher effectiveness than traditional therapies while minimizing harm to healthy cells. Under the agreement
Korean lender Woori Bank announced Wednesday that it would open a trading center in London in June, aiming to adapt to changes in global financial markets and explore new revenue opportunities. The new London Trading Center will expand on the bank’s existing London FX Desk, established last July, to handle foreign exchange trading, investments in securities and derivatives as well as currency exchange and risk management services, the company said. To facilitate the project, the bank formed a de
Korean business leaders will be among the attendees at US President-elect Donald Trump's inauguration ceremony at the US Capitol in Washington, DC, on Jan. 20. According to industry sources Wednesday, Shinsegae Group Chairman Chung Yong-jin will attend both the ceremony and the inaugural ball, where President-elect Trump and his wife Melania Trump are expected to be present. Chung has emerged as one of the most prominent Korean business figures attending the ceremony due to his close relationshi
South Korean food franchise Mom’s Touch said Wednesday that its Japanese subsidiary signed a franchise agreement with a local enterprise, Doors. Established in 1929, Doors operates across diverse industries, including food service, beauty treatments, resorts and public infrastructure maintenance. With experience managing Korean-style barbecue restaurants in Iwate, Doors is expected to play a key role in the success of Mom’s Touch’s first franchise store in Japan. Mom’s Touch opened its first Jap
Chief of KB Financial Group, a major financial service provider based in South Korea, promised to continue the push to boost the firm’s market value to global investors, KB Financial announced Wednesday. According to the firm, KB Financial Chairman Yang Jong-hee sent a letter to foreign investors on Monday as part of efforts to ramp up its global communication. “With the escalated volatility in interest rates and foreign exchange rates due to the difficulties surrounding Korea, shareholders' con
SK Innovation's oil exploration subsidiary continues to expand Southeast Asian businesses SK Earthon, an oil exploration subsidiary of SK Innovation, on Wednesday said that it has successfully discovered crude oil in the 15-2/17 block off Vietnamese shores. The discovery of the natural resource was made in collaboration with Murphy Oil Corporation, a US energy company headquartered in Houston. Its Vietnamese subsidiary Murphy Cuu Long Tay Oil Co. is the operator of the block with a 40 percent st
The new chief executive officer of Standard Chartered Bank Korea officially began his three-year long tenure Wednesday, highlighting the expansion of retail finance as his primary focus, the company announced. Speaking at a new year's meeting at the company’s headquarters in Jung-gu, Seoul, CEO Lee Kwang-hee pledged to "revamp the bank’s retail banking business to align with global standards for asset management." He also vowed to make the bank more dynamic, empowering employees to advance with
Despite strong 2024, Shinhan Financial’s profit dips in Q4
Use of facial recognition grows in Korean finance, with Toss in lead
Top hotel chains eye Hilton Seoul redevelopment
LG CNS posts record profit in 2024
LG CNS becomes Korea’s first SAP Asia-Pacific strategic services partner
KB Financial logs industry's first W5tr annual earnings