SK Bioscience seeks multi-billion-dollar M&As, eyes gene therapy sector
SK Bioscience Co., the biopharmaceutical unit of South Korea’s SK Group, is seeking multi-billion-dollar mergers and acquisitions to expand it...
EDGC enters US procurement market with medical supplies
Eone Diagnomics Genome Center Co. (EDGC), a South Korean healthcare firm specializing in genetic analysis technology, is set to enter the US governm...
MBK sees most productive year ever, returning $5.3 bn to investors
MBK Partners will be bold in moving into more Asian markets this year, wrote the company's founder and chairman Michael ByungJu Kim, in his annual l...
POSCO, Hancock partner for low-carbon steel materials production
South Korea’s top steelmaker POSCO Co. and Hancock Prospecting Pty Ltd, a leading Australian mining firm, are slated to collaborate in low-car...
Hanwha Solutions wins France's solar farm project
Q Cells, a renewable energy division of South Korea's Hanwha Solutions Corp., has clinched a large-scale solar energy project in France, acceleratin...
MBK sees most productive year ever, returning $5.3 bn to investors
MBK Partners will be bold in moving into more Asian markets this year, wrote the company's founder and chairman Michael ByungJu Kim, in his annual l...
LG Household to lower reliance on Chinese market as shares slump
LG Household & Health Care Ltd. was one of the most coveted shares on the Korean bouse in the past couple of years as the company basked in the ...
Hyundai to adopt multiple car assembly system at local plant from August
Hyundai Motor Co. is introducing a multiple vehicle assembly system at its main plant in South Korea to better respond to rising market demand for d...
Krafton signs MOU with Solana for blockchain-based games and services
South Korea’s leading game developer Krafton Inc. announced Wednesday it signed a memorandum of understanding with San Francisco-based Solana ...
POSCO to invest $4 bn in Argentina battery materials project
South Korea’s POSCO Group is set to spend $4 billion for the capacity expansion of a new lithium hydroxide factory in Argentina and cathode ma...
Star-studded vision AI startup SNUAI requires less data and time
“The first joint venture with the Seoul National University seal of approval” is how artificial intelligence startup SNUAI Lab Co. des...
Samsung Electro-Mechanics to invest $245 mn more in capex
South Korea’s Samsung Electro-Mechanics will spend more on increasing its semiconductor package substrate production capacity in order to meet...
LG Elec. targets North American digital healthcare market
South Korea’s LG Electronics Inc. has made inroads into the North American digital healthcare market with US telehealth company Amwell as the ...
Korea rises as test bed for global luxury brands
South Korea is becoming a test bed for global high-end brands such as Balenciaga, Valentino, IWC and Breitling. The world's top luxury brands, pre...
Hyundai, BAIC Motor to inject $942 mn in China JV for EVs
Hyundai Motor Co., South Korea’s top automaker, is set to invest more in China to revive its business on the mainland through quality electric...
LG Elec. to sell automotive wireless smartphone charging division
South Korea’s LG Electronics Inc. plans to drop its automotive wireless smartphone charging unit as the global home appliance giant exited fro...
Hyundai Motor invests in cloud, hydrogen firms for future mobility
Hyundai Motor Co., South Korea’s top carmaker, invested $21.6 million late last year in startups with promising technologies in non-automaking...
China's lockdown: Double effect to Korean tech stocks
The COVID-19 lockdown of Shenzhen, the city known as Silicon Valley of China, is increasing concerns over supply disruptions to South Korea’s ...
China rules EV market with fleet sales; Hyundai targets retail
Chinese electric vehicle makers are expanding their shares in key markets such as the US and Europe through fleet sales, while South Korea’s H...
Samsung SDI to run all-solid-state battery pilot line
Samsung SDI Co. is poised to become one of the few electric vehicle battery manufacturers in the world to run a pilot production line of all-solid-s...
Korea Hanmi to launch blockbuster hypertension drug in China
South Korea’s Hanmi Pharmaceutical Co. is set to launch its blockbuster high blood pressure drug Amosartan in China, the world’s largest...
Pearl Abyss releases mobile game Black Desert in China in April
South Korean game developer and publisher Pearl Abyss set a China release date of April 27 for its cross-platform MMORPG Black Desert on the App Sto...
Korean won nears 2-year low, adds to inflation woes
The South Korean won currency tumbled to its lowest point in almost two years on Friday, adding to inflationary pressure in Asia’s fourth-larg...
Korean content shares jump on Beijing’s eased restrictions
South Korean content shares finished Friday’s trade higher, buoyed by expectations of resumed exports to China and news that Disney+ will rele...
Kia aims to launch 14 all-electric models by 2027
Kia Corp., South Korea’s second-largest automaker, said on Thursday it will launch 14 electric vehicles by 2027 with an aim to sell 1.2 millio...
Hyosung to expand carbon fiber production for hydrogen tanks
South Korea’s Hyosung Advanced Materials Corp. is expanding its carbon fiber production by adding a third line to meet the growing demand for ...
Smart factories drive Korea SMEs to reshore overseas plants
South Korea’s small and medium-sized enterprises adopted smart factories for survival as the digitalized facilities improve productivity and q...
Hyundai accelerates electrification strategy, targets 7% of EV market
South Korea’s top automaker Hyundai Motor Group on Wednesday set out its vision to become a top-tier eco-friendly auto brand by accelerating i...
Hyundai's first Saudi JV shipyard slated for 2023 completion
South Korea's Hyundai Heavy Industries Holdings Co. is scheduled to construct a large-scale shipyard for very large crude carriers (VLCCs) and a mar...
US chipmakers announce 10% hike in NAND flash prices
US semiconductor manufacturer Western Digital Corp. announced Tuesday it will raise the price of its NAND flash memory chips by 10%. Earlier ...
