S.Korea sees tenfold rise in hydrogen fuel use by 2030

South Korea will sharply increase the adoption of hydrogen as a fuel of transportation, industrial plants and power generators to become the world's...

Hyundai Mobis breaks ground on $1.1 bn hydrogen fuel cell plants

Hyundai Mobis Co., the auto parts unit of Hyundai Motor Group, on Thursday broke ground on a hydrogen fuel cell plant, part of its 1.32 trillion won...

Hyundai Doosan Infracore wins orders for 62 excavators in Philippines

South Korea-based heavy machinery and construction equipment maker Hyundai Doosan Infracore Co. has secured orders for 62 excavators in the Philippi...

SK, Plug Power launch JV to grab Asia’s hydrogen fuel cell market

SK Group’s city gas supplier SK E&S Co. said on Oct. 6 that it has officially kicked off the joint venture (JV) with the American hydrogen...

Hyundai, LG Energy break ground on $1.1 bn Indonesia battery plant

Hyundai Motor Co. and LG Energy Solution Ltd. have begun construction of a $1.1 billion battery cell plant in Indonesia as the two South Korean comp...

Korea refiners' recovery accelerates on strong margins

South Korean refiners are gathering recovery momentum as refining margins hit a two-year high on falling petroleum product supply from China and r...

US, Korea approve nuclear fuel recycle technology

Authoritie of the United States and South Korea officially endorsed the results of a joint research on Pyro-SFR, a cutting-edge technology that re...

Korea’s hydrogen council to launch Sept. 8; Hyundai to unveil new tech

The South Korean version of the Hydrogen Council, a global CEO-led initiative to harness the clean energy source, will officially launch on Sept. 8 ...

Hyundai Oilbank to make hydrogen fuel cell components from 2023

Hyundai Oilbank Co. will enter the hydrogen fuel cell components market by building separator production plants within this year with commercializat...

Hyundai Mobis to invest $1.1 bn to make hydrogen fuel cells

Hyundai Motor Group’s long-term ambition to create a full-fledged hydrogen value chain, from fuel cell production to hydrogen-powered logist...

Samsung Heavy wins approval for ammonia-ready ship design

Samsung Heavy Industries obtained a certificate for its basic design to revamp a liquefied natural gas (LNG) or diesel-powered crude tanker into an ...

SK E&S gears up for more US renewable energy investment'

SK E&S Co, South Korea’s top city gas supplier, is preparing for additional investment in the US renewable energy sector. The move is to e...

MBK Partners to sell Doosan Machine Tools for $2.1 bn

MBK Partners, a North Asia-focused private equity firm, agreed to sell South Korean Doosan Machine Tools at $2.1 billion to the country’s DTR ...

S.Korea to launch first carbon credit ETFs in September

South Korea will launch its first set of carbon credit-themed exchange-traded funds (ETFs) next month, in a move to address the rising investor dema...

Doosan Infracore expands Middle East market share with more orders

Doosan Infracore Co., a leading South Korean heavy machinery and construction equipment maker, secured more orders in the Middle East where rising c...

Hyundai Motor to make equity investment in Germany’s H2 Mobility

Hyundai Motor Co. is investing in H2 Mobility Deutschland GmbH & Co., a German operator of hydrogen fueling stations, as the top South Korean au...

MBK seeks to exit Japan's top golf course operator

MBK Partners, a North Asia-focused private equity firm, is seeking to exit Japan's largest golf course operator Accordia Next Golf to capitalize on ...

Polysilicon drives up OCI’s Q2 profit to 10-year high amid solar cell boom

OCI Co., a South Korean chemical and green energy company, on Wednesday reported that its quarterly profit has risen to the highest level in a decad...

Delta variant, rate hike views hurt Korean lower-rated corporate bond sales

South Korean companies with low credit ratings around BBB are suffering weaker demand in the primary market. A spread in the Delta coronavirus varia...

Doosan Heavy to invest $60 mn more in US NuScale Power

South Korea’s major power plant builder Doosan Heavy Industries & Construction Co. will further invest in NuScale Power LLC, a US small mo...

POSCO, Doosan join hands on ammonia-fueled gas turbines

POSCO and Doosan Heavy Industries & Construction Co., the two key members of Korea’s ambitious green ammonia alliance formed last week, wi...

Green Cross' two Kosdaq-listed cell therapy arms to merge

South Korea's pharmaceutical group Green Cross Corp., or GC Pharma, will combine its two cell therapy developers listed on the junior Kosdaq market ...

Hydrogen fuel tank maker Iljin Hysolus eyes August IPO

South Korea’s only mass producer of hydrogen tube trailers, Iljin Hysolus Co., previously known as Iljin Composites, plans to be listed on the...

Samsung, Hanwha Q Cells to offer IoT home energy solutions in US, EU

Samsung Electronics Co. and South Korea’s leading solar panel maker Hanwha Q Cells Co. have joined hands to provide smart home energy solution...

Fleet of Hyundai XCIENT hydrogen truck exceeds 1 million km benchmark

Hyundai Motor Co.’s fleet of fuel cell truck XCIENT has surpassed the benchmark one million kilometers of driving in 11 months of service in S...

Edge computing revolution to fuel Korea’s growth over the next decade

Korea’s leading firms across multiple industries, from consumer electronics to agricultural equipment, are widening the use of edge computing ...

Hyundai NEXO, Toyota Mirai to compete in fuel cell cars as Honda exits

Japan’s Honda Motor Co. has announced it is exiting the hydrogen fuel cell vehicle market, leaving Toyota Motor Corp. and South Korea’s ...

Hyundai to provide hydrogen fuel cell system for world’s first electric car race

South Korea’s Hyundai Motor Group will provide its hydrogen fuel cell system to the world’s first touring race for electric vehicles, Hy...

Hahn & Co. acquires controlling stake in Namyang Dairy Products

South Korea’s private equity (PE) firm Hahn & Co. has acquired a controlling 53% stake in Namyang Dairy Products, acquiring all shares own...

KakaoBank’s skyrocketing valuation fuels debate on financial reform

There have been near-endless debates regarding the “proper valuation” of KakaoBank, South Korea’s largest internet-only bank that ...