High power bills drive Korean manufacturers out of country

South Korean manufacturers are increasingly moving abroad as the country's electricity bills are hovering about 30% higher than those of major eco...

More luxury brands seek Korean market on sales surge

South Korea’s luxury goods market, estimated at around $7.1 billion, is experiencing a surge in demand led by affluent consumers in their 40s ...

Renault Korea begins mass production of Grand Koleos

Renault Korea announced on Tuesday that it has started mass production of the D-segment hybrid sports utility vehicle (SUV) New Renault Grand Koleos...

Samsung OS Tizen embedded in Loewe TV Stellar to rival Google, Apple

Samsung Electronics Co.'s open-source smart TV operating system Tizen will be embedded in German premium TV brand Loewe’s latest model St...

Korean stocks linked to a Trump victory soar after shooting

Investors in the South Korean stock market rushed to stocks seen as connected to former US President Donald Trump on Monday, such as construction, n...

Hanwha Ocean to cut CO2 emissions from ships with smart lighting

Hanwha Ocean Co., South Korea's third-largest shipbuilder, said on Friday it has won an approval in-principle (AIP) certificate from Korean Register...

Hanwha Q Cells gets solar power plant order in Colorado

Hanwha Q Cells Co., a solar panel manufacturing arm of South Korea's Hanwha Solutions Corp., said on Thursday that it has secured a large-scale sola...

Samsung’s new AI Galaxy devices: Lighter, smarter and more powerful

PARIS – Samsung Electronics Co.'s Galaxy Unpacked event this summer is mind-boggling. The South Korean tech giant’s new AI-featured devi...

Samsung boosts renewable energy in Vietnam facilities

Samsung Electronics Co. said on Wednesday its Vietnam facilities will ramp up eco-friendly operations by directly purchasing renewable energy under ...

Korea’s GS Entec to invest $217 mn in wind power business

South Korea’s GS Entec Corp. is set to invest 300 billion won ($216.8 million) in facilities to manufacture wind power equipment as it shifts ...

Cosmax mulls building cosmetics factory in Latin America

Cosmax Inc., South Korea's biggest cosmetics original development and design manufacturer (ODM), is considering building a new offshore plant in Lat...

Doosan Tesna to invest $160 mn in chip testing plant in Korea

South Korea’s Doosan Tesna Inc. will build a semiconductor testing factory in the country with an investment of 220.6 billion won ($159.7 mill...

Lotte Biologics targets $1.1 billion in sales with new bio plants

South Korean biopharmaceutical company Lotte Biologics Co. said on Wednesday it is aiming for 1.5 trillion won ($1.1 billion) in annual sales by 203...

DN Solutions to build plant, R&D center in India

DN Solutions, the world's third-largest and South Korea's top machine tool manufacturer, said on Tuesday that it will establish a new plant and rese...

LG Uplus builds 1,000 kW solar power facility in Daejeon

South Korea's LG Uplus Corp. established a solar power facility to achieve carbon neutrality by 2050. LG Uplus announced on Sunday that it installe...

LG Energy halts Arizona battery plant building on weak EV sector

LG Energy Solution Ltd., the world’s third-largest electric vehicle (EV) cell maker, has suspended construction of a plant in Arizona for batt...

LG unveils Google’s generative AI-powered robot CLOi

LG Electronics Inc. on Thursday unveiled its service robot CLOi GuideBot powered by Google’s multimodal AI model Gemini to foray into the gene...

Kukdong Oil to build hydrogen gas plant in Ulsan

South Korea's Kukdong Oil & Chemicals Co. announced on Wednesday that it will construct the nation's largest hydrogen gas production facility ...

POSCO gears up for carbon-free steelmaking with hydrogen

POHANG, North Gyeongsang Province – POSCO, the world’s seventh-largest steelmaker, is set to significantly reduce emissions in the produ...

Doosan Enerbility, Meralco to collaborate on energy projects

South Korea's Doosan Enerbility Co. announced on Wednesday that executives from Manila Electric Company (Meralco), the largest power company in the ...

SK Inc. in talks to sell Pharmteco’s US CDMO plant to Novo Nordisk

SK Inc., the holding and investment company of SK Group, South Korea’s second-largest conglomerate, is negotiating to sell a major asset of it...

EV battery maker LG Energy eyes $2 bn global bond sale

LG Energy Solution Ltd., the world’s third-largest electric vehicle battery maker, is poised to raise $2 billion in global bonds by the end of...

Hyundai to transform Jeonju plant into hydrogen vehicle hub

Hyundai Motor Co., South Korea’s top automaker, will transform its commercial vehicle plant in the country into the manufacturing hub for its ...

Doosan Enerbility to introduce carbon reduction tech at Thai power plant

South Korea's Doosan Enerbility Co. plans to introduce carbon reduction technologies, including ammonia co-firing and carbon capture, utilization an...

Hyundai E&C to build S.Korea's first nuclear-linked hydrogen plant

South Korea's Hyundai Engineering & Construction Co. (Hyundai E&C) will lead a consortium to build the nation's first hydrogen production fa...

LG Uplus to enter renewable energy market through power brokerage

LG Uplus Corp., South Korea's third-largest mobile carrier, announced on Thursday that it will enter the renewable energy supply business through po...

Korean soju maker HiteJinro aims high with its first Vietnam plant

HANOI – Thai Binh, a port city about 120 km southeast of the Vietnamese capital, has long been associated, in people’s minds, with the i...

Taihan Cable wins $94 mn power grid project in US

South Korea's Taihan Cable & Solution Co. announced on Tuesday that it has consecutively won three power grid projects in the US. The total cont...

Hyundai Motor to produce Genesis cars in Kazakhstan

Hyundai Motor Group will produce Genesis models from its knock-down (KD) plant in Kazakhstan to bolster the South Korean auto giant’s luxury m...

Doosan Bobcat to produce construction loaders in Mexico from 2026

Doosan Bobcat Inc., a construction machinery and equipment maker under South Korean conglomerate Doosan Group, aims to boost its sales in North Amer...