Former Samsung C-Lab startup bets big on education market for global expansion

The fight for management control of Korea Zinc, the world’s largest zinc smelter, has escalated into a game of chicken worth over 5 trillion won ($3.7 billion). As the bidding war heats up, its would-be controllers are at risk of falling prey to a “winner’s curse.” On Friday, the last day of the initial tender offer period launched by private equity fund MBK Partners and Young Poong, the biggest shareholder of Korea Zinc, the coalition raised its offer to 830,000 won per

McDonald's Korea said Sunday that it has received a commendation from the Ministry of Health and Welfare for its ongoing efforts to improve job security for senior citizens. The award ceremony was held Wednesday in Seoul to mark the 28th National Day of Older Persons here. The hamburger chain has established “inclusivity” as one of its core corporate values, aiming to promote diversity and equal opportunities. Since 2011, in particular, the company has developed jobs specificall

LG Energy Solution has reaffirmed its commitment to growing its presence in the rapidly expanding North American energy storage system market, aiming to capitalize on the region’s increasing demand for sustainable energy solutions. In a recent interview with UK-based industry publication Energy Storage News, Kim Hyung-sik, vice president and head of the ESS battery division at LG Energy Solution, outlined the company’s strategy for targeting North America. He emphasized the crucial r

Korea’s biggest gaming exhibition gears up to celebrate 20th anniversary in Nov.

Samsung Electronics announced it would be introducing artificial intelligence in all of its major home appliances and mobile devices to offer a more personalized and secure user experience, at this year's Samsung Developer Conference on Thursday. Celebrating the 10th year of the annual event, Samsung Electronics Vice Chairman and CEO Han Jong-hee revealed the company's "AI for All" vision, renewing the company's commitment to using AI technology to enhance security and p

Samsung Electronics, the world’s largest maker of memory chips, announced Friday it started mass producing the industry’s highest-performing solid-state drive with the largest capacity, making it optimal for on-device artificial intelligence applications for personal computers. The new PM9E1, which is a PCIe 5.0 SSD, provides a powerful performance and enhanced power efficiency built on its in-house 5-nanometer-based controller and eighth-generation V-NAND technology, the chipmaker s

South Korean display maker LG Display is expected to emerge from the red next year as the company speeds up efforts to reorganize its business structure to focus on high-value-added organic light-emitting diode panels, market analysts said Thursday. LG Display has been experiencing consecutive yearly deficits, logging operating losses of 2.5 trillion won ($1.9 billion) and 2.08 trillion won in 2023 and 2022, respectively. This year, the losses will continue, but the company should be able to red

South Korea-based crypto data aggregator YouthMeta is seeking a bigger footing in Japan, a country which has been showing a stronger interest in the investment tool recently, according to the company. YouthMeta provides a cryptocurrency price prediction service through its Goya Premium Chart, suggesting the best time to buy and sell more than 200 crypto assets listed on Binance. With the company having over 30,000 users across 27 countries, Japan stands out as a particularly vibrant market with

$30b fund manager crosses fine line between private equity, activist fund amid evolving buyout environment

South Korea's forest agency said Thursday that a research project submitted by its affiliate, the Korea Arboreta and Gardens Institute, aimed at addressing the climate-driven food crisis through crop wild relatives, has been selected for a part of an R&D program promoting cooperation with the European Union. Crop wild relatives, also known as CWRs, are recognized for their ability to adapt to extreme environments and their high genetic diversity, making them crucial for improving future

Korea Zinc unveils a 3.1 trillion won buyback scheme in collaboration with Bain Capital

South Korean design software developer Zyx Technology unveiled its latest products at Automation World Vietnam 2024 held in Ho Chi Minh City, in an effort to expand its business in Southeast Asia, the company said Wednesday. At the event, Zyx Technology introduced its flagship products: its general-purpose design software ZyxCAD, the AI-powered Works and Zyx Designer, and its GIS based Smart Construction Platform. These advanced tools are designed to improve design efficiency and support smart

Samsung Electronics, a leading tech giant in smartphones and semiconductors, is seen implementing austerity measures, reducing headcounts and downsizing celebratory events as it falls behind global peers in its core product markets. On Wednesday, Bloomberg reported Samsung Electronics is expected to lay off about 10 percent of its total overseas staff of 147,000, with the latest headcount cut being carried out in its headquarters in Southeast Asia, Australia and New Zealand. The company already

Lifestyle brand developer Egnis announced Wednesday that it began partnership with the Oklahoma government in hopes to expand its German subsidiary Xolution's resealable can business in the US. The business agreement signing ceremony held Tuesday at The Shilla Seoul, was attended by Park Chan-ho, CEO of Egnis, Evan Brown, executive director of the Oklahoma Department of Commerce’s Economic Development, Growth and Expansion division and Marc Von Rettberg, CEO and managing director at X