Hana Bank signs agreement for 24-hour forex trading

Hana Bank said on Friday that it signed a strategic memorandum of understanding (MOU) with Toss Securities for 24-hour foreign exchange trading at t...

LG Innotek to unveil parts for EVs, self-driving cars at CES 2023

South Korea’s LG Innotek Co. said on Dec. 15 it will showcase its new products for electric and autonomous vehicle parts at the Consumer Elect...

Doosan obtains certification on hydrogen batteries for drones

Doosan Mobility Innovation (DMI) said on Wednesday that its hydrogen fuel cell power pack DP30M2S product, which is mounted on hydrogen-fueled drone...

Daewoo Shipbuilding, POSCO jointly develop new materials

South Korea's Daewoo Shipbuilding & Marine Engineering Co. (DSME) and steelmaker POSCO have joined forces to develop new materials.DSME on Wedne...

Hanwha Q Cells to sell 7 US battery ESS projects to Spain’s Acciona Energia

Hanwha Q Cells Co., a unit of South Korea’s chemicals-to-construction conglomerate Hanwha Group, said on Wednesday it has signed a deal to sel...

S. Korea's GI Cell, Japanese partner to study cell therapy for blood cancer

South Korea's GI Cell, the cell therapy affiliate of GI Innovation, on Tuesday said it signed an agreement with Optieum Biotechnologies of Japan on ...

SK Innovation, SungEel HiTech form discarded battery joint venture

South Korea's SK Innovation Co. is forming a joint venture with SungEel HiTech Co., a company that recycles discarded batteries, to extract metals f...

Hyundai Motor Group sells hydrogen fuel cell systems to German firm

Hyundai Motor Group will supply a large quantity of hydrogen fuel cell systems to an eco-friendly truck manufacturer in Europe.South Korea's top c...

LG Energy-GM JV secures $2.5 bn loan from US for EV battery production

South Korean battery maker LG Energy Solution Ltd. said on Wednesday its joint venture with General Motors Co. has attracted $2.5 billion via a loan...

Lotte Aluminum signs $795 mn contract for cathode foil raw materials

Lotte Aluminum, a manufacturer of cathode foils for secondary batteries in South Korea, announced on Monday that it has signed a long-term purchase ...

EV charging service firm Scalardata attracts 3 bn won from GS Energy

Scalardata, a South Korean start-up running an electric vehicle (EV) charging infrastructure integration platform "evmodu.kr," announced on Monday t...

Leading S.Korean trade body, 31 brokerages urge delay in financial investment tax

South Korea's Korea Financial Investment Association and 31 domestic securities companies on Sunday released a joint statement urging a delay in the...

Hyundai, Kia on course for record EV sales in Europe

Hyundai Motor Group, South Korea’s top carmaker, is on course for record electric vehicle sales in Europe, with its new models' expansion in t...

S.Korean battery sector scrambles for talented manpower

South Korea’s battery industry has suffered from a talent shortage, especially in the research and development, design as well as process sect...

KITA sees exponential jump in demand for key minerals within 20 years

Amid the global supply chain crisis and growing trade protectionism by major economies, a study by a major trade body in South Korea says the nation...

LG Group think tank unveils breakthrough AI tech Exaone

LG AI Research, the artificial intelligence (AI) think tank of South Korea's LG Group, on Thursday unveiled Exaone, a gigantic AI technology that ra...

BGF EcoMaterials to partner with Hwaseung Material for composite materials

BGF EcoMaterials, a materials unit of the BGF Group, said on Friday that it has signed an agreement with Hwaseung Material, a fine chemical company,...

Baring PEA breaks $1 bn PI Advanced Materials buyout deal

Hong Kong-based Baring Private Equity Asia has broken a deal to buy a majority stake in the world’s largest polyimide film manufacturer PI Adv...

MDimune signs research agreement with Australian National University

MDimune, a South Korean biotech company, said on Wednesday that it had signed an agreement with the Clear Vision Research (CVR) Lab, a research grou...

S.Korea develops carbon composite materials as its 2nd steel industry

The South Korean government will invest 185 billion won ($139.6 million) by 2030 in the development of technology for carbon composite materials, wh...

SK On-Ford Motor EV battery joint venture breaks ground in Kentucky

NEW YORK – SK On Co., a leading South Korean battery maker, and Ford Motor Co. have begun building their multi-billion-dollar joint venture in...

Hyundai's sales of E-GMP-based EVs exceed 100,000 units in Korea

South Korea’s Hyundai Motor Group sold more than 100,000 units of electric vehicles (EVs) that adopted Hyundai Motor’s E-GMP, or Electri...

POSCO wins $689 mn battery material deal with GM-LG joint venture

POSCO Chemical Co., a unit of South Korean steel giant POSCO Holdings Inc., said on Dec. 5 that it has signed a $688.6 million deal to provide a key...

LG Energy, GM to inject another $275 mn in Tennessee plant

South Korean battery maker LG Energy Solution Ltd. and General Motors Co. plan to inject an additional $275 million in a US electric vehicle battery...

Hankook Tire ties up with Chaevi for EV charging service

Korea’s leading tire maker Hankook Tire & Technology Co. and Daeyoung Chaevi, one-stop electric vehicle (EV) charging solution provider, s...

SK On attracts $1 billion in investment

SK On, the electric battery affiliate of Korea's petroleum, alternative energy and oil exploration corporation SK Innovation, has secured 1.3 trilli...

Biden hails SK Siltron’s investment in Michigan as 'game changer'

BAY CITY, Michigan – For the first time since taking office, United States President Joe Biden toured a US subsidiary of South Korean conglome...

Korea’s top delivery app operator Woowa launches food delivery robot

The self-driving robot Dilly Tower of Woowa Brothers Corp., the operator of Korea’s top food delivery app Baedal Minjok, commonly known as Bae...

Hyundai Mobis to use self-running robots at Ulsan plant

Hyundai Mobis on Sunday said it will develop mobile robots usable at manufacturing sites and logistics hubs as well as a related logistics system ...

Hyundai, SK to build $1.9 bn EV battery plant in US

Hyundai Motor Group, South Korea’s top automaker, and SK On Co., the world’s fifth-largest electric vehicle battery manufacturer, will b...