System on chips: Samsung’s new high-stakes foundry business

System on chips: Samsung’s new high-stakes foundry business

Samsung Electronics Co. is setting its sights on system on chips (SoCs) to continue to drive growth in its foundry business amid a protracted slowdo...

LG Energy, SK On to showcase LFP battery prototypes at InterBattery 2023

LG Energy, SK On to showcase LFP battery prototypes at InterBattery 2023

LG Energy Solution Ltd. and SK On Co. will showcase their lithium iron phosphate (LFP) battery prototypes next week, as the two South Korean battery...

Korea’s Shinsegae to bolster convenience store business

Korea’s Shinsegae to bolster convenience store business

South Korea’s retail giant Shinsegae Group is set to boost its business in the rapidly growing convenience store sector as its supermarket cha...

LS Electric unveils smart factory solutions

LS Electric unveils smart factory solutions

South Korea’s LS Electric Co. on Wednesday said it has unveiled its future factory automation solutions for the digital transformation era at ...

Hanwha hires former Biden confidant as US government affairs chief

Hanwha hires former Biden confidant as US government affairs chief

WASHINGTON D.C. – South Korea’s chemicals-to-defense conglomerate Hanwha Group has hired Danny O’Brien, a top aide to US President...

Hanwha Q Cells jumps into distributed energy biz with forecast service

Hanwha Q Cells jumps into distributed energy biz with forecast service

Hanwha Q Cells, the Q Cells division of Hanwha Solutions Corp., said on Wednesday that it had started a renewable energy generation forecast service...

S.Korea's DB HiTek to split off fabless, bulk up foundry business

S.Korea's DB HiTek to split off fabless, bulk up foundry business

DB HiTek Co., a leading chipmaker in South Korea, said on March 7 it is set to split off its fabless unit by May 2 to ramp up its foundry business.D...

LG Energy Solution to collaborate on Jeju offshore wind power pilot project

LG Energy Solution to collaborate on Jeju offshore wind power pilot project

LG Energy Solution Ltd. said on Wednesday that its subsidiary AVEL had signed an agreement with Korea South-East Power Co. (KOEN) and Tamra Offshore...

KEXIM bank inks $6 billion financing deal with Aramco

KEXIM bank inks $6 billion financing deal with Aramco

The Export-Import Bank of Korea said on Tuesday it has signed a three-year framework agreement with Saudi Arabian Oil Co.(Aramco), to provide up to ...

S.Korea's builders diversify biz portfolios to waste battery, other sectors

S.Korea's builders diversify biz portfolios to waste battery, other sectors

South Korea's construction companies are exploring other sectors to find new growth engines amid deteriorating profitability in the housing industry...

Hankook & Co. buys autonomous driving tech startup 3Secondz

Hankook & Co. buys autonomous driving tech startup 3Secondz

Hankook & Company Co., a South Korean holding company that owns tire and mobility businesses, said on Tuesday that it has acquired the autonomou...

S.Korea's LS Materials set to boost earnings ahead of IPO process

S.Korea's LS Materials set to boost earnings ahead of IPO process

LS Materials Co., a South Korean energy storage devices maker, is slated to ramp up earnings to accelerate its initial public offering process this ...

Global PC, tablet market to shrink over 10% in 2023: research

Global PC, tablet market to shrink over 10% in 2023: research

The global market for personal computers and tablets is expected to shrink by more than 10% this year, as the demand for remote work and learning de...

Global smartphone shipments to edge lower in 2023: IDC

Global smartphone shipments to edge lower in 2023: IDC

Global smartphone shipments will decline 1.1% this year to 1.2 billion units, down from the previous 2.8% growth forecast due to weak demand and m...

Korea’s SPC Samlip, Siam Makro to tie up for Thai bakery business

Korea’s SPC Samlip, Siam Makro to tie up for Thai bakery business

SPC Samlip Corp., a unit of South Korea’s food and bakery giant SPC Group, said on Monday it has forged a business partnership with Siam Makro...

LG Electronics makes 100 millionth unit of core motor for washing machines

LG Electronics makes 100 millionth unit of core motor for washing machines

LG Electronics Inc. on Sunday said it produced late last month its 112 millionth unit of the inverter direct drive (DD) motor for its washing machin...

LG Electronics picks private 5G network as next growth engine

LG Electronics picks private 5G network as next growth engine

LG Electronics Inc. is seeking to make inroads into the private 5G network market, set to grow rapidly amid accelerated migration to automation in a...

Lotte Chairman to return to beverage unit's boardroom

Lotte Chairman to return to beverage unit's boardroom

Lotte Group Chairman Shin Dong-bin is slated to return as an inside director of Lotte Chilsung Beverage Co., the group’s subsidiary and one of...

South Korean tire makers raise prices despite weak sales

South Korean tire makers raise prices despite weak sales

South Korea’s three largest tire makers are raising product prices despite their weak sales in anticipation of an imminent market rebound amid...

Samsung SDI, GM to build $3.8 bn EV battery plant in US

Samsung SDI, GM to build $3.8 bn EV battery plant in US

Samsung SDI Co., the world’s No. 6 electric vehicle battery maker, is set to build a plant in the US with General Motors Co., spending about 5...

S.Korea's MZers consider income, working time most when job hunting: Survey

S.Korea's MZers consider income, working time most when job hunting: Survey

Members of South Korea's Generation MZ, or people born in the early 1980s to early 2000s, prioritize income and working time when looking for a job ...

SK Materials makes equity investment in ION for CO2 capture partnership

SK Materials makes equity investment in ION for CO2 capture partnership

SK Materials Co., an industrial gas manufacturing affiliate of South Korea’s SK Inc., has made an equity investment in ION Clean Energy Inc., ...

KSOE wins order for 4 petrochem product carriers

KSOE wins order for 4 petrochem product carriers

Korea Shipbuilding & Offshore Engineering (KSOE), HD Hyundai Co.'s intermediate shipbuilding subsidiary, announced on Tuesday that it had signed...

Korea’s L&F in $2.9 billion deal to supply battery material to Tesla

 Korea’s L&F in $2.9 billion deal to supply battery material to Tesla

South Korea’s leading battery materials maker L&F Co. said on Tuesday it has signed a $2.91 billion deal to supply cathode, a key electric...

LG Uplus to show off total smart factory solutions at trade show

LG Uplus to show off total smart factory solutions at trade show

LG Uplus Corp., a mobile telecom service carrier in South Korea, announced on Tuesday that it would present a complete set of smart factory solution...

Iljin Materials to change its name to Lotte Energy Materials

Iljin Materials to change its name to Lotte Energy Materials

Lotte Chemical Corp., a South Korean petrochemical giant, will rename Iljin Materials Co., the country’s second-largest copper foil maker, as ...

BC Card shows one-stop payment int'l network at MWC 2023

BC Card shows one-stop payment int'l network at MWC 2023

BC Card, the only credit card company from South Korea taking part in this year's Mobile World Congress (MWC) in Barcelona, Spain, is displaying at ...

China's CDFG targets duty free operation at Incheon Airport

China's CDFG targets duty free operation at Incheon Airport

China Duty Free Group Co. (CDFG), the only state-owned duty free business manager in China, has joined a bid alongside four South Korean retail gian...

Samsung leader eyes solid-state batteries as future growth engine

Samsung leader eyes solid-state batteries as future growth engine

Samsung Group appears set to up its investment in solid-state batteries, a game changer in the electric vehicle sector, as South Korea’s top c...

dConstruct Robotics becomes 2nd foreign startup to win at D.Day

dConstruct Robotics becomes 2nd foreign startup to win at D.Day

South Korea’s decade-old startup pitch competition D.Day has picked Singapore-based mobile robotics application developer dConstruct Robotics ...

S.Korea to elevate science minister to deputy prime minister to lead in AI race Allianz-backed Koh Young’s brain surgery robot set for US debut by end-August Roborock’s privacy policy fuels data leak fears over Chinese goods Sale of $1.5 bn Pangyo Tech 1, overseen by Mirae Asset, draws strong bids from global PEFs Kia to make, sell China-launched EV5 in Korea to keep top spot