LG Chem out-licenses obesity drug candidate to US firm

LG Chem Ltd. has agreed to license out a rare genetic obesity drug candidate in phase 2 clinical trials to Rhythm Pharmaceuticals Inc., a US biotech...

Hanwha to develop own gas turbine engine for future growth

CHANGWON, South Gyeongsang Province – Hanwha Group, South Korea’s chemicals-to-defense conglomerate, is set to double its local gas turb...

LG Electronics unveils 2024 QNED TV

LG Electronics Inc. announced on Thursday that it will unveil the 2024 QNED TV (Quantum nano-emitting diode) equipped with the artificial intelligen...

Hyundai, Kia’s tech sets them apart with record hybrid vehicle sales

Like their global peers, Hyundai Motor Co. and affiliate Kia Corp. recently turned their sights back to hybrid vehicles as electric vehicle uptakes ...

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...

LG Energy Solution Vertech wins 10GWh ESS projects in the US

LG Energy Solution Vertech Inc., a Texas-based energy storage system (ESS) supplier, has secured a combined 10-gigawatt hours (GWh) of grid-scale ba...

Shinsegae Gangnam stands out among department stores with $2.3 bn sales

Shinsegae Department Store, South Korea’s leading retail business operator, said on Thursday its flagship store in Gangnam, an upscale distric...

LG Chem breaks ground on its 1st US cathode plant

CLARKSVILLE, TN – South Korea’s No. 1 chemical maker LG Chem Ltd. striving to become a leading global battery materials player broke gro...

Hyundai to sell Russian car plants at about $100 for exit

Hyundai Motor Co., South Korea’s top carmaker, has decided to sell its plants in Russia for only about $100 to a local company although it has...

Icure wins $2.85 mn lidocaine cataplasm order from Guatemala

South Korea's Icure Pharmaceutical Incorporation announced on Tuesday that it signed a supply contract for the specialized local anesthetic lidoca...

OCI signs $1 billion polysilicon supply deal with US solar firm CubicPV

OCI Holdings Co., a leading South Korean chemical and green energy company, said on Tuesday it has clinched a $1 billion deal to supply polysilicon ...

Korean overseas direct investment at 2 1/2-year low in Q3

South Korea’s direct investment in other countries fell for a fourth straight quarter to its smallest level in two and a half years, despite a...

HD KSOE wins deal for 3 ultra-large ethane carriers at $500 mn

HD Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate holding company of HD Hyundai, announced on Friday that it has secured a co...

Samsung, ASML to build joint research plant in Hwaseong

Samsung Electronics Co. and ASML Holding NV plan to build their joint research plant in Dongtan township in Hwaseong, South Korea, in which the me...

S.Korea to spend $2.3 bn to quadruple robot market by 2030

South Korea’s public and private sectors will together invest more than 3 trillion won ($2.3 billion) by 2030 to nearly quadruple the domestic...

SeAH Wind bags $1.1 bn wind turbine monopile order in UK

South Korean steelmaker SeAH Steel Holdings Corp. said on Thursday its UK subsidiary SeAH Wind Ltd. has won a £900 million ($1.1 billion) orde...

CJ Foodville attracts $54 mn investment from Arges PE

CJ Foodville, the food service subsidiary of South Korea's CJ Group and the operator of bakery brand Tous les Jours announced on Thursday that it at...

Korea’s top dollar store chain Daiso buys out Japanese shareholder

South Korea’s AsungHMP Co. has bought a 34.2% stake in Asungdaiso Corp., which operates the country’s top dollar store chain Daiso, from...

SK Ecoplant completes battery recycling plant in China

South Korea’s SK Ecoplant announced on Wednesday that it completed a battery recycling plant in the Yancheng Economic and Technological Develo...

SK Bioscience start to deliver Novavax COVID-19 vaccine

South Korea's SK Bioscience Co. announced on Tuesday that it started to deliver the Novavax COVID-19 vaccine against XBB.1.5 variant.According to No...

Hyundai, Kia’s car exports to top 2 mn units for 1st time in 7 years

Hyundai Motor Co. and Kia Corp., South Korea’s two largest automakers, are set to export more than 2 million cars in 2023 for the first time i...

Hyundai Movex to supply smart logistics for Hankook Tire US plant

South Korea’s Hyundai Movex Co., the logistics automation solutions affiliate of Hyundai Group, secured a $82 million contract to equip Hank...

Hanwha clinches $2.4 bn Australian armored vehicle deal

Hanwha Aerospace Co. has won a $2.4 billion armored vehicle supply deal to Australia, adding to expectations that the South Korean defense industry ...

Generational shift in SK leadership with chairman’s cousin on front line

SK Group is setting out for a new era, tapping younger leaders in their 40s and 50s to lead South Korea’s second-largest group in its mission ...

GC Biopharma breaks ground on blood product plant in Indonesia

South Korea’s GC Biopharma Corp. broke ground on Wednesday on Indonesia’s first blood product plant through technology transfer.Indonesi...

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...

Global NAND chip sales up in Q3 amid Samsung output cut

Global sales of NAND flash chips slightly grew in the third quarter as industry leaders such as Samsung Electronics Co. cut output, a report showed ...

Access Bio opens second plant in New Jersey

The US-based in-vitro diagnostic device company Access Bio Inc. announced on Monday that it opened its second factory in Monroe Township, New Jersey...

Hanwha Aerospace to export more K9 howitzer to Poland

Hanwha Aerospace Co. announced on Monday that it signed a $2.6 billion executive contract with the Polish State Armament Agency to export additional...

Kumho Petrochemical accelerates CCUS push with CO2 capture plant

Kumho Petrochemical Co., South Korean petrochemical major, is accelerating its inroads into the carbon capture, utilization and storage (CCUS) marke...