Hyundai Motor ties up with CATL to reinvigorate China market with EVs

BEIJING -- Hyundai Motor Co., South Korea’s top carmaker, has joined hands with Contemporary Amperex Technology Co. (CATL), the leading global...

Hyundai Motor's Chung visits India amid talks of Indian arm's IPO

Hyundai Motor Group Chairman and Chief Executive Chung Euisun visited the headquarters of the group’s Indian operations earlier this week and ...

SK Hynix to invest $14.6 bn to build HBM plant in S.Korea

SK Hynix Inc. will spend 20 trillion won ($14.6 billion) to build a new memory chip manufacturing plant on a site originally designated to build a N...

Bet on innovations with societal impact: Kakao Ventures CEO

In the past 10 years, Kim Ki-jun has been on the hunt for deep technology startups that will have a significant societal impact, and he will continu...

LG Energy vows to get tough on battery patent infringement cases

LG Energy Solution Ltd., the world’s second-largest battery maker in terms of sales after China’s CATL, said on Wednesday it will take s...

Toray Advanced Materials obtains AS9120 certification

Toray Advanced Materials Korea Inc. announced Wednesday that it attained the AS9120 certification for aerospace industry quality management systems ...

Hanwha Life to buy stake in Indonesia's Lippo-owned bank

South Korea’s second-largest insurer Hanwha Life Insurance Co., with 109 trillion won ($79.4 billion) in total assets as of end-September 2023...

S.Korea taps ex-NASA exec John Lee as space agency R&D head

South Korea named John Lee, a former senior executive of the US National Aeronautics and Space Administration (NASA), as the head of missions such a...

Korchip sets IPO price above expected range

South Korea's micro secondary battery manufacturer Korchip set its IPO price at 18,000 won ($13.15), exceeding the upper end of the expected range (...

Hyundai Mobis to build battery pack plant in Spain for Volkswagen

NAVARRA, Spain -- Hyundai Mobis Co. said on Wednesday it has broken ground for an electric vehicle battery pack plant in Spain for stable supply to ...

N.Korean hackers attack South’s arms makers for tech data

North Korean hackers allegedly attacked South Korean arms manufacturers and stole technical data from them over more than a year Seoul’s polic...

Korea's Lotte Insurance put on market for around $1.5 bn

Lotte Group’s non-life insurance affiliate Lotte Insurance Co., has been put up for sale at around 2 trillion won ($1.5 billion), according to...

S.Korea’s IBK, Japan’s Mizuho Bank agree on $218-million committed line

South Korea’s state-run Industrial Bank of Korea (IBK) has agreed on a 300 billion won ($218 million) committed credit line with Japanese lead...

POSCO tightens belts, seeks M&A within 3 years: new chairman

Chang In-hwa, chairman and chief executive of POSCO Holdings Inc., the parent of South Korea’s top steelmaker POSCO, has vowed to take drastic...

Alibaba eyes 1st investment in Korean e-commerce platform

China's Alibaba Group Holding Ltd. is likely to make its first investment in a South Korean online shopping platform as it aims to gain a competitiv...

Blackstone signs over $1 bn deal with MBK for 1st exit in Korea

Private equity giant Blackstone Inc. is set to mark its first exit from South Korea by selling a 71.25% stake in the holding firm of Geo-Young Corp....

Hyundai Motor, Matrix Renewables in solar deal to power Georgia EV plant

South Korea’s top automaker Hyundai Motor Group said on Monday it has signed a 15-year power purchase contract with a US solar energy generati...

Korea’s Smilegate unveils new RPG Chaos Zero Nightmare

Smilegate, the South Korean developer of the world’s top first-person shooter game Crossfire, on Monday unveiled a teaser for an upcoming role...

LG Innotek, SK On win Edison Awards for second consecutive year

South Korea's LG Innotek and SK On have won the Edison Awards in the US for the second consecutive year. LG Innotek announced on April 21 that it r...

HD Hyundai, Hyundai Dept. Store to co-work for recycling plastic waste

South Korea's HD Hyundai Oil Bank Co. and Hyundai Department Store Co. have partnered to create a closed-loop plastic film recycling system, a first...

Korea's LX opens Hungary terminal for Europe EV, battery logistics

LX Pantos, one of the top logistics firms in South Korea, has launched a railway terminal in Hungary for the electric vehicle and battery logistics ...

NPS loses $1.2 bn in local stocks in Q1 on weak battery shares

South Korea’s National Pension Service (NPS), the world's third-largest pension fund, lost 1.66 trillion won ($1.2 billion) in domestic stock ...

Louis Vuitton, Chanel, Dior post weak profits in Korea post-pandemic

Global luxury brands Louis Vuitton, Chanel and Dior saw worsening profitability of their South Korean operations last year after a few years of dece...

POSCO-Pilbara JV delivers 1st order of lithium hydroxide

South Korea’s top steel group POSCO has shipped lithium hydroxide, a rechargeable battery’s key raw material produced jointly with Austr...

Polestar 4 electric SUV coupe to hit South Korean roads in June

The Polestar 4 electric sport utility vehicle (SUV) coupe is set to make its debut in South Korea in June and targets deliveries from October, Swedi...

Taeyoung E&C lets chairmen go as part of restructuring

Belt-tightening Taeyoung Engineering & Construction Co. (Taeyoung E&C), the 16th-largest construction company in South Korea and undergoing ...

Pepero enters Thailand’s King Power Duty Free

South Korea's Lotte Wellfood Co. announced on Friday that its thin chocolate-coated cookie sticks Pepero and no-sugar ice cream Zero entered King Po...

HD Hyundai Electric likely to join MSCI Korea: Samsung Securities

HD Hyundai Electric Co., Alteogen Inc. and Enchem Co. are expected to be invited to join Morgan Stanley Capital International’s Korea Index wh...

Hyundai, Toray to team up to develop mobility materials

Hyundai Motor Group said on Thursday it has signed a strategic partnership agreement with Japan's Toray Industries Inc. to jointly develop carbon fi...

Korea’s vision AI startup Superb AI eyes IPO in H1, 2026

South Korea’s promising vision AI platform developer Superb AI Inc., which has recently added generative AI to its business portfolio, is seek...