Hyundai IONIQ 5 ahead of Volkswagen in German review
Hyundai Motor Co.’s all-electric IONIQ 5 crossover beat two competing models from Volkswagen and Swedish carmaker Polestar in a comparative as...
New Delhi blocks Krafton’s Battle Ground Mobile India
The Indian government has ordered the country’s Alphabet Inc.'s Google Play Store and Apple Inc.’s App Store to delete South Korean ga...
Samsung SDI in talks with multiple carmakers for 4680 type battery supply
Samsung SDI Co., a major South Korean battery maker, said on Friday that it is in talks with multiple automakers around the world to supply a next-g...
China's lockdown slams Korean beauty giants' Q2 earnings
South Korea’s two major cosmetics firms, Amorepacific Corp. and LG H&H Co., posted their second-quarter earnings heavily impacted by Chi...
LG Chem, GM in $30.6 billion EV battery materials supply deal
South Korea’s top chemicals company LG Chem Ltd. has signed a long-term battery materials supply deal with General Motors Co. to support the U...
LG Display to close LCD TV panel business for domestic use in Korea
LG Display Co., South Korea’s major display maker, is set to pull out of the liquid crystal display (LCD) TV panel business for domestic use. ...
LG Energy shrugs off slowing economy as demand grows
South Korea’s top battery maker LG Energy Solution Ltd. on Wednesday unveiled its ambitious goals for revenue and operating margins as electri...
Daesang Life, China’s Sinopharm to launch health foods joint venture
Daesang Life Science Corp., a South Korean health foods maker, has signed an initial agreement with China’s Sinopharm International to launch ...
LG Energy, China’s Huayou Cobalt to build battery recycling joint venture
South Korea’s top battery maker LG Energy Solution Ltd. and China’s mining company Zhejiang Huayou Cobalt Co. have agreed to launch a ba...
SK Geo Centric, Veolia join forces to lead Asia’s plastic recycling business
SK Geo Centric, an SK Innovation Co. subsidiary focused on the eco-friendly chemical business, joined hands with Paris-based Veolia Environnement S....
SK Chem to build plastic recycling plants in China
SK Chemicals Co. plans to build plastic recycling plants in China in partnership with a Chinese eco-friendly materials supplier as its parent SK Gro...
Samsung SDI to build new battery plant in Malaysia by 2025
South Korea’s battery manufacturer Samsung SDI Co. held a groundbreaking ceremony for Plant 2 to make cylindrical batteries in Seremban, Mal...
Award-winning Hyundai IONIQ 5 EV to land in Japan as MK Taxi
South Korea’s top automaker Hyundai Motor Co. said on Wednesday it is supplying its all-electric IONIQ 5 crossover to Japan’s taxi servi...
Yellen calls for trade overhaul to diversify from China
SEOUL—Treasury Secretary Janet Yellen called for a reorientation of the world’s trading practices in the wake of Russia’s invasion...
Chanel’s first VIP boutique to open in Asia – will it be in Seoul?
A couple of months ago, media outlets reported Chanel plans to open stores solely for VIP shopping in Asia.The French label is widely expected to op...
Beijing Hyundai to launch two EVs only for China for revival
Hyundai Motor Co.'s joint venture in China plans to launch two electric vehicle models dedicated to the mainland next year to revive its ailing busi...
Korean LCCs’ international flight recovery remains slow
South Korean budget airlines are seeing a slow recovery in international flights as key routes such as China and Japan have yet to normalize while t...
Won may head to 1,400 against the dollar for 1st time since 2008-09 crisis
The South Korean won is expected to weaken to 1,400 against the dollar, a level not seen since the 2008-09 global financial crisis as the country&rs...
LS Group to bolster batteries, EVs and chipmaking, chairman says
South Korean conglomerate LS Group is seeking business opportunities in the materials and parts sectors led by the fast-growing battery, electric ve...
SK On, Ford launch battery JV for N.America EV market
South Korea’s battery maker SK On Co. and US automaker Ford Motor Co. on Wednesday officially launched a joint venture for the North American ...
Orion enters China’s vaccine market with tuberculosis plant in Jining
Orion Holdings Corp., one of South Korea’s largest confectionery companies, said on Wednesday it will build a vaccine plant in China by 2024 t...
Hyundai Motor to build 1st Korea plant in 29 years
Hyundai Motor Co., South Korea’s top automaker, is set to build a domestic electric vehicle plant in its first local production investment i...
Korean manufacturers’ dependence on China intensifies
South Korean manufacturers are importing even more key industrial raw materials from China, deepening concerns over the dependence of Asia’s f...
POSCO, LS Electric to build EV parts plants in Mexico
South Korea's POSCO International Co. broke ground on an electric vehicle parts plant in northern Mexico on July 6, while LS Electric Co. signed a t...
Hyundai Motor raises N.America workforce, cuts China staff
Hyundai Motor Co., South Korea’s top automaker, ramped up its workforce in North America by more than 50% last year where its presence is grow...
Hyundai's IONIQ 6 wins accolades for streamlined design
Hyundai Motor Co.’s first all-electric sedan IONIQ 6 has received accolades from foreign media for its streamlined design and low chassis, whi...
LG Energy surrenders No. 2 EV battery position to BYD
LG Energy Solution Ltd., South Korea’s leading battery maker, gave up its second-largest position in the global electric vehicle cell market...
KT beefs up services for foreigners as travel bans ease
South Korea’s leading telecom operator KT Corp. will offer a broader range of services for foreign subscribers ahead of an expected surge in f...
Korean biotech L&C Bio issues convertible bonds worth $46 mn
South Korean biotech company L&C Bio, which specializes in tissue regeneration treatment, is poised to ramp up its expansion into the Chinese ma...
LG Magna to spend $78 mn on China capacity expansion
LG Magna e-Powertrain Co. will invest $78 million in its Chinese plant of electric vehicle parts to meet growing demand in the world’s largest...
