POSCO Group looks to treble corporate value by 2030

POSCO Group looks to treble corporate value by 2030

South Korea’s POSCO Group will invest 53 trillion won ($42 billion) by 2026 primarily in its steel, rechargeable battery materials and hydroge...

SK takes aim at chips, batteries, bio with $195 billion investment

SK takes aim at chips, batteries, bio with $195 billion investment

SK Group, South Korea’s second-largest conglomerate after Samsung, on Thursday announced a plan to invest 247 trillion won ($195 billion) in k...

SK E&S, Australia’s Santos eye joint carbon capture, hydrogen projects

SK E&S, Australia’s Santos eye joint carbon capture, hydrogen projects

SK E&S Co., the natural gas business unit of South Korea’s SK Group, and Australia’s leading energy company Santos Ltd. are seeking ...

Hanwha to boost defense, aerospace biz with $2.1 bn spending

Hanwha to boost defense, aerospace biz with $2.1 bn spending

Hanwha Group, South Korea’s chemical-to-financial conglomerate, is set to invest 37.6 trillion won ($29.8 billion) in future growth sectors su...

KT Cloud targets $792 million with new stock issuance

KT Cloud targets $792 million with new stock issuance

KT Cloud is working to raise 1 trillion won ($792 million) by issuing new shares. The cloud arm of telecom juggernaut KT Corp. plans to use the...

Why Iljin Materials' CEO has put a majority stake up for sale

Why Iljin Materials' CEO has put a majority stake up for sale

Iljin Materials Co., a South Korean supplier of electric vehicle battery materials, has put a majority stake up for sale, which is estimated at arou...

Military fund steps up premium asset investment in developed countries

Military fund steps up premium asset investment in developed countries

The Military Mutual Aid Association (MMAA) of South Korea will focus on portfolio diversification this year while increasing investment in growth se...

Hyundai to invest $10.5 bn in US EV, future mobility sectors

Hyundai to invest $10.5 bn in US EV, future mobility sectors

Hyundai Motor Group, South Korea’s top automaker, unveiled plans to spend $10.5 billion on the auto industry in the US through 2025 as it aims...

Former NPS real estate chief named Allianz RE's Asia head

Former NPS real estate chief named Allianz RE's Asia head

Kim Hyun-soo, a former real estate investment head of South Korea's National Pension Service (NPS), has been named Asia head of Allianz Real Estate,...

SK On bolsters M&A team with new executive hires

SK On bolsters M&A team with new executive hires

SK On Co., an electric vehicle battery maker of SK Innovation Co., is bolstering its M&A team by hiring M&A experts from a leading law firm ...

Korea’s Iljin to build $391 mn battery materials plant in Spain

Korea’s Iljin to build $391 mn battery materials plant in Spain

South Korea’s Iljin Materials Co. plans to invest 500 billion won ($391.2 million) in a battery materials plant in Spain, its first production...

Samsung to make mobile AP chip dedicated to Galaxy smartphones

Samsung to make mobile AP chip dedicated to Galaxy smartphones

Samsung Electronics Co. is working on a mobile application processor chip, which will be used exclusively for its flagship Galaxy smartphone series ...

Lotte Chemical raises stake in Fine Chemical amid merger talk

Lotte Chemical raises stake in Fine Chemical amid merger talk

South Korea’s Lotte Chemical Corp. has raised its stake in affiliate Lotte Fine Chemical Co. amid speculation that the two companies may merge...

NCSOFT profit beats forecasts as Lineage W drives sales to record

NCSOFT profit beats forecasts as Lineage W drives sales to record

NCSOFT Corp., South Korea’s leading game developer, surprised investors with stronger-than-expected profit in the first quarter as Lineage W, ...

Yoon admin to expand KIC's fund management base

Yoon admin to expand KIC's fund management base

South Korea's new president Yoon Suk-yeol, who took office on Tuesday, is set to push the expansion of sovereign wealth fund Korea Investment Corpor...

SK On to build $2.3 bn EV battery plant for Hyundai in US

SK On to build $2.3 bn EV battery plant for Hyundai in US

SK On Co., the world’s fifth-largest electric vehicle battery manufacturer, plans to build a new US factory to supply batteries to a planned E...

KKR to buy SK’s gas production facility for more than $785 mn

KKR to buy SK’s gas production facility for more than $785 mn

KKR & Co., a global private equity firm, is set to buy South Korean conglomerate SK Group’s industrial gas production facility at slightly...

POSCO to invest $20 billion in battery materials to rival Chinese firms

POSCO to invest $20 billion in battery materials to rival Chinese firms

POSCO Group, which owns South Korea’s largest steelmaker, plans to invest 25 trillion won ($20 billion) to secure a stable supply of key raw m...

Celltrion to sell biosimilar products via its own channel in Europe

Celltrion to sell biosimilar products via its own channel in Europe

South Korea's biopharmaceutical company Celltrion Inc. plans to sell all of its biosimilar products through its own sales channels in Europe to impr...

South Korea’s new president offers Pyongyang economic aid for denuclearization

South Korea’s new president offers Pyongyang economic aid for denuclearization

SEOUL—South Korea’s new president said he would keep the door open for dialogue with North Korea and provide support for its fragile econo...

SK E&S invests $110 million in world’s largest carbon capture project

SK E&S invests $110 million in world’s largest carbon capture project

SK E&S Co., the natural gas business unit of South Korea’s SK Group, is investing $110 million for a 10% stake in Summit Carbon Solutions ...

Time for Samsung to get another Fukuda Report

Time for Samsung to get another Fukuda Report

Eight years ago today, the late Samsung Group leader Lee Kun-hee collapsed at his home following a heart attack, a harbinger of doom six years later...

GS Retail shares tumble as new services widen losses

GS Retail shares tumble as new services widen losses

Shares in South Korea's GS Retail Co. suffered their worst percentage fall in nearly five years on May 6, after the convenience store operator's fir...

Doosan Enerbility turns around with reform, new orders

Doosan Enerbility turns around with reform, new orders

South Korea's major power plant builder Doosan Enerbility Co. has significantly improved its financial health, with its debt-to-equity ratio tumblin...

Lotte Duty Free to open downtown store in Sydney

Lotte Duty Free to open downtown store in Sydney

South Korea's Lotte Duty Free Co. is slated to open a downtown store in Sydney on May 5, after Australia reopened its international borders to forei...

Korea’s new govt. aims to export 10 nuclear power plants

Korea’s new govt. aims to export 10 nuclear power plants

South Korea’s incoming administration seeks to export 10 nuclear power plants by 2030 as President-elect Yoon Suk-yeol pledged to rescind the ...

Nongshim eyes top spot in global instant noodle market

Nongshim eyes top spot in global instant noodle market

South Korea’s No. 1 noodle maker Nongshim Co. is aiming for top place in the world’s instant noodle market, looking to beat the current ...

Baring PEA to refinance two Korean lenders to recoup investment

Baring PEA to refinance two Korean lenders to recoup investment

Hong Kong-based Baring Private Equity Asia is planning to raise a total of 674 billion won ($532 million) in loans for South Korea's Acuon Capital a...

Korea's big three trading firms log record profit in Q1

Korea's big three trading firms log record profit in Q1

South Korea’s top three general trading companies, LX International Corp., POSCO International Corp. and Samsung C&T Corp. achieved record...

Hyundai Motor, battery firms strive to limit China lockdown disruptions

Hyundai Motor, battery firms strive to limit China lockdown disruptions

The growing fears of a Beijing lockdown are prompting South Korea’s top automaker Hyundai Motor Co. and battery makers, already suffering from...

Hyundai premieres IONIQ 6 N: Latest motorsport DNA for electric age Organic food chain Chorocmaeul up for sale amid liquidity woes Samsung to unveil 1st triple-folding smartphone by year’s end to rival Huawei’s Mate X2 Tri-Fold IMM Credit closes $700 mn blind credit fund backed by NPS BOK chief warns household debt near tipping point, keeps rates steady