Tech spies face tougher Korean penalties; 18 years in jail for overseas leaks

Tech spies face tougher Korean penalties; 18 years in jail for overseas leaks

South Korea plans to dole out harsher punishments for industrial espionage, with a proposal to triple the penalty for an overseas leak of national t...

Lotte Chem’s sale of Pakistani PTA unit falls through

Lotte Chem’s sale of Pakistani PTA unit falls through

Lotte Chemical Corp.'s plan to sell off its Pakistani PTA subsidiary to local chemicals producer Lucky Core Industries Ltd. has collapsed, a year af...

Supernal debuts upgraded flying-car concept; Hyundai reveals MOBION

Supernal debuts upgraded flying-car concept; Hyundai reveals MOBION

LAS VEGAS – Supernal LLC, the US-based urban air mobility (UAM) affiliate of South Korea’s Hyundai Motor Group, has unveiled its latest ...

South Korea Ban Takes Dog Meat Off the Menu

South Korea Ban Takes Dog Meat Off the Menu

SEOUL—Dog meat will no longer be allowed in South Korea, capping a decadeslong campaign against a controversial practice that many locals have...

Ssangyong E&C wins $57 million deal to build solar cell plant in Haiti

Ssangyong E&C wins $57 million deal to build solar cell plant in Haiti

South Korea’s Ssangyong Engineering & Construction Co. (Ssangyong E&C) said on Tuesday it has won a $57 million deal to build a 12-meg...

LG Display to premiere 480Hz gaming OLED at CES 2024

LG Display to premiere 480Hz gaming OLED at CES 2024

LG Display Co., the world’s leading organic light-emitting display (OLED) maker in South Korea, will showcase its premium OLED gaming panel se...

LG to inject $700 million in startups in West Virginia

LG to inject $700 million in startups in West Virginia

CHARLESTON, WV – LG Electronics Inc. will form a fund with the State of West Virginia to inject $700 million over the next five years to foste...

Daewoo E&C opens theme park Ice Jungle in Phu Quoc

Daewoo E&C opens theme park Ice Jungle in Phu Quoc

South Korea's Daewoo Engineering & Construction Co. (Daewoo E&C) opened the digital theme park Ice Jungle in its ongoing luxury residential ...

Hyundai Mobis' auto parts sweep safety, technology awards

Hyundai Mobis' auto parts sweep safety, technology awards

South Korean auto parts maker Hyundai Mobis Co. said Thursday that 10 of its new technologies received or or are finalists for awards from external ...

SGC eTEC E&C wins $160 mn plant order in Malaysia

SGC eTEC E&C wins $160 mn plant order in Malaysia

South Korea's SGC eTEC E&C Co. said on Tuesday it has won a 204.7 billion won ($158 million) order to build epichlorohydrin (ECH) and chlor-alka...

Daedong partners with POSCO to build first robot for steel mills

Daedong partners with POSCO to build first robot for steel mills

Daedong Corp., South Korea’s leading tractor and farm machinery maker, said on Thursday it has teamed up with POSCO Holdings Inc., the parent ...

Kolon Industries doubles aramid production facility

Kolon Industries doubles aramid production facility

South Korea's industrial materials maker Kolon Industries Inc. doubled its aromatic polyamide fibers (aramid) production capacity after completing...

New Samsung, LG laptops drive industry shift toward on-device AI

New Samsung, LG laptops drive industry shift toward on-device AI

Samsung Electronics Co. and LG Electronics Inc. are unveiling new artificial intelligence-powered laptops next month, joining an industry move to in...

Kolon Industries to downsize industrial film business amid weak demand

Kolon Industries to downsize industrial film business amid weak demand

Kolon Industries Inc., a South Korean chemical and textile manufacturer, is downsizing its industrial film business amid weak demand and growing com...

HL Mando to test-drive Level 4 autonomous parking system

HL Mando to test-drive Level 4 autonomous parking system

HL Mando Corp., an electric vehicle and self-driving system developing unit of South Korea’s HL Group, will test-drive its nearly fully self-d...

US regulations push Korean battery industry to cut reliance on China

US regulations push Korean battery industry to cut reliance on China

The South Korean battery industry is facing pressure to cut its reliance on Chinese capital as the US government on Dec. 1 issued guidance that will...

Mirae Asset acquires Indian brokerage firm Sharekhan for $360 million

Mirae Asset acquires Indian brokerage firm Sharekhan for $360 million

South Korea’s leading asset manager Mirae Asset Financial Group has acquired Sharekhan Ltd., India’s 10th-largest brokerage firm, to enh...

Samyang launches industrial water treatment products

Samyang launches industrial water treatment products

South Korean chemical and food company Samyang Corp. announced on Monday that it released new industrial water treatment materials Triraite Reverse ...

POSCO starts building industrial gas facilities in Pohang

POSCO starts building industrial gas facilities in Pohang

South Korea’s top steelmaker POSCO started to construct an industrial gas production facility with a capacity of 250,000 tons at its seconda...

Hyungji, Dishang Group to co-work for market development

Hyungji, Dishang Group to co-work for market development

South Korea’s Fashion Group Hyungji and China’s largest clothing exporter Dishang Group signed a memorandum of understanding (MOU) to te...

China’s urea halts raise specter of another logistics crisis in Korea

China’s urea halts raise specter of another logistics crisis in Korea

China has halted customs clearance on its exports of urea, a substance used to reduce carbon emissions in diesel vehicles, raising the prospect of a...

Hyundai Mobis unveils world’s first QL display for vehicles

Hyundai Mobis unveils world’s first QL display for vehicles

South Korea’s top auto parts maker Hyundai Mobis Co. said on Thursday it has developed an innovative premium display for vehicles – the ...

S.Korea’s factory output, consumption dwindle in October

S.Korea’s factory output, consumption dwindle in October

South Korea’s factory activity waned last month, snapping a recovery streak in the previous two months, largely due to a drop in chip producti...

Lotte Chem develops tech to improve EV battery durability

Lotte Chem develops tech to improve EV battery durability

Lotte Chemical Corp. said on Tuesday it has developed a technology to improve the durability of electric vehicle cell materials by enhancing the sta...

Hanjin to strengthen logistics for K-fashion brands

Hanjin to strengthen logistics for K-fashion brands

South Korea's Hanjin Transportation, a logistics unit of Hanjin Group, announced on Tuesday that it plans to strengthen Swoop, a logistics service o...

Hyundai's Chung Euisun lauded for future-minded leadership

Hyundai's Chung Euisun lauded for future-minded leadership

Hyundai Motor Group’s Executive Chairman Chung Euisun is firming his reputation as a leader in the global auto industry as he is once again re...

Lotte mulls Lotte World Tower spruce-up to rival Azabudai Hills Tower

Lotte mulls Lotte World Tower spruce-up to rival Azabudai Hills Tower

Lotte Group is considering sprucing up the Lotte World Tower in Seoul, the tallest building in South Korea, to maintain its position as a landmark s...

LG Elec separates new biz divisions into in-house entities

LG Elec separates new biz divisions into in-house entities

LG Electronics Inc., the leading global home appliance maker, has actively separated new business organizations into independent in-house entities, ...

Hanyang, Air Products to co-work for green ammonia

Hanyang, Air Products to co-work for green ammonia

South Korea's Hanyang Corporation announced on Thursday it signed a memorandum of understanding (MOU) with the US industrial gas company Air Product...

HD Hyundai Infracore to sell excavator in dept. store

HD Hyundai Infracore to sell excavator in dept. store

South Korea's HD Hyundai Infracore Co. will sell excavators at a department store for the first time in the domestic construction equipment indust...

Yes, it’s K-beauty: Buying interest for makeup brands runs high even before they're up for sale Kakao Pay backs out of acquisition deal for SSG Pay, Smile Pay Hanwha in talks to buy five-star hotel Paraspara Seoul Kia's Lego-like PV5 with 16 variants to hit market in July Stray Kids make K-pop history with landmark stadium show in Germany