Tech Industry

July 27, 2021

CJ ENM, one of Asia’s leading entertainment and media companies, teamed up with Samsung Electronics Co. to establish a globally...

Kakao Mobility and GS Caltex would create synergy in future mobility, combining their respective capabilities in tangible and intangible business areas.

Kakao Mobility, GS to Accelerate Future Mobility Transition

July 27, 2021

Kakao Mobility Corp., one of South Korea’s top mobility service providers, received 30 billion won ($26 million) in funding from...

South Korea’s fast-growing, interactive metaverse market introduces more platforms, penetrating various sectors with its multifaceted offers and features. / photo of courtesy of Roblox

Korea’s Expanding Interactive Metaverse Scene Offers Diverse Options

July 26, 2021

South Korea’s vast and interactive metaverse scene continues to expand and offer users diverse options, including introducing new platform features,...

SK Global Chemical, Dongmin Industry Cooperative and various local sustainability firms to upcycle bale silage plastic wastes into eco-friendly products. / photo courtesy of SK Global Chemical

SK Global Chemical Upcycles Plastics Into Green Films and Fabrics

July 26, 2021

SK Global Chemical Co., a core SK Innovation subsidiary, teamed up with Dongmin Industry Cooperative to collect and recycle used...

KakaoBank’s share listing attracted extensive support from investors and broke various IPO records despite the ongoing debate on its valuation.

KakaoBank’s IPO Draws Record-Breaking Bids Amid Valuation Talks

by KoreaTechToday Editor

July 23, 2021

KakaoBank, Kakao Corp.’s Internet-only retail lender, is set to acquire 2.55 trillion won ($2.2 billion) after pricing its initial public...

Naver partnered with Shinsegae as part of its shopping biz expansion plan, venturing into local meal kit commercialization, logistics, and luxury goods.

Naver Beefs Up Online-Offline Commerce with Shinsegae Collaboration

July 23, 2021

Naver Corp., the operator of South Korea’s top search engine, plans to build up its online and offline shopping businesses...

Yanolja Cloud partnered with VNTravel to accelerate the digital transformation of Vietnam’s travel and leisure sector using cloud-based and SaaS solutions.

New Yanolja Unit Offers Digital Travel Tech With Vietnam’s VNTravel

July 22, 2021

Yanolja Cloud, a South Korean travel technology provider, formed a strategic collaboration with VNTravel, the leading travel company in Vietnam....

Hyundai Mobis presented M.Brain, the world’s first in-vehicle brainwave measuring healthcare technology, reducing drowsiness-caused vehicular accidents.

Hyundai Mobis Unveils World’s 1st In-Vehicle Brainwave Tech M.Brain

July 22, 2021

Hyundai Mobis, South Korea’s leading automotive parts supplier, announced that it succeeded in developing M.Brain after three years of research...

Bank of Korea selected Kakao’s Ground X, a blockchain tech firm, as its preferred bidder for the central bank digital currency program, aiming to digitalize financial services.

Kakao’s Ground X Joins Bank of Korea’s Digital Currency Project

July 21, 2021

South Korea’s central bank, the Bank of Korea (BOK), officially selected Ground X, Kakao Corp.’s blockchain technology subsidiary, as a...

South Korea’s Digital New Deal provided extensive support to local technology startups, enabling them to expand their presence throughout overseas markets.

Korea’s Digital New Deal Sends Startups Across Global Stages

by KoreaTechToday Editor

July 21, 2021

In line with the Digital New Deal, South Korea’s Ministry of Science and ICT (MSIT) has proactively pursued investment strategies...

KAI formed a strategic alliance with SpaceX to launch the mid-sized next-generation No.4 satellite to actively monitor South Korea’s agricultural state.

KAI Partners with SpaceX to Launch Next-Gen No.4 Satellite Projectile

July 20, 2021

Korea Aerospace Industries (KAI), the only aircraft manufacturer in South Korea, formed a strategic alliance with Space Exploration Technologies Corp....

Samsung unveiled the latest model of the 1000-inch "The Wall", its next-gen modular display, offering cutting-edge features and a dynamic display platform. / photo courtesy of Samsung Electronics

Samsung Reimagines Display Tech with New 1,000-Inch ‘The Wall’

July 20, 2021

Samsung Electronics Co., one of the world’s largest TV manufacturers, officially unveiled the 2021 version of ‘The Wall,’ a next-generation...

South Korea shared its plans to boost space exploration-related investments to enhance national defense and earn a leading commercial space industry position.

Korea Strengthens National Defense with Space Exploration

July 19, 2021

South Korea’s Ministry of Science and ICT (MSIT) announced that it would expand its space exploration programs for enhancing national...

LG revealed its plans to apply 100% renewable energy to its domestic and overseas operations by 2050 in addition to its 2030 carbon neutrality goal.

LG Ensures Sustainability with 100% Renewable Energy Goal by 2050

July 19, 2021

LG Electronics announced that it plans to comprehensively adopt renewable energy sources for its domestic and international operations by 2050....

KT partners with Samsung to introduce Korea’s first-ever commercial 5G Standalone (5G SA) network service using highly advanced RAN and vCore technologies.

KT, Samsung Offers First Commercial 5G SA Network in Korea

by KoreaTechToday Editor

July 16, 2021

KT Corp. and Samsung Electronics officially launched the first-ever commercial 5G Standalone (SA) network service in South Korea. Thanks to...

Yanolja, South Korea’s leading travel app, acquired $1.7 billion from the Softbank Vision Fund 2, increasing its travel and hospitality sector leadership.

Yanolja Leads Travel Sector Digitalization with $1.7B Softbank Funding

July 16, 2021

Yanolja Co., an industry-leading travel and hospitality platform and the only ‘unicorn’ among travel agencies in South Korea, received 2...

LG Chem shared its plans to cultivate new growth engines, including battery materials and life sciences, promoting value and sustainability.

LG Chem Delves Into Biomaterials, E-Mobility, And Innovative Drugs

July 15, 2021

LG Chem, South Korea’s largest chemical manufacturer, would invest 10 trillion won ($8.7 billion) through 2025 to expand its existing...

SK Telecom unveiled Ifland, a new 5G metaverse social networking platform, providing convenient and seamless VR interaction. / photo courtesy of SK Telecom

SKT Popularizes Social VR with Ifland Metaverse Platform

July 15, 2021

SK Telecom Co., one of the pioneers of the fast-growing South Korean metaverse market, officially launched Ifland, a new metaverse...

LG Innotek shared its ESG company accomplishments, including increasing green management tasks, providing employee support, and assisting shareholders. / photo courtesy of LG Innotek

LG Innotek Reorganizes ESG Efforts Amid Reduced Emissions