SoftBank sells part of Coupang shares for $1.7 bn
Vision Fund, led by SoftBank Group founder Masayoshi Son, has sold one-tenth of its shares in South Korea's e-commerce platform Coupang Inc. for $1....
Korea’s Halla to enter EV battery materials business
South Korea’s auto parts supplier Halla Holdings Corp. is making inroads into the electric vehicle battery materials business.Halla said on Se...
GS E&C to build EV battery recycling plant near POSCO
GS Engineering & Construction Co. (GS E&C) has launched the construction of its first lithium-ion battery recycling plant in a South Korean ...
Korean EV startup makes highest bid for Ssangyong Motor
South Korea's electric vehicle and battery startup EL B&T has offered the highest price of around 500 billion won ($430 million) for debt-laden ...
High-priced drugs add to pressure for Korea's healthcare reform
A number of new rare disease treatments, approved in South Korea over the past year, are still unaffordable for the public because of their price ta...
Automotive security in spotlight on growing EV market
The automotive security technology for automotive electronics is in the spotlight as the global electric vehicle market is growing. The information ...
Coal price surge puts S.Korean petrochemical firms ahead of Chinese rivals
Rising coal prices in China will likely benefit South Korean petrochemical companies such as Lotte Fine Chemical and Hanwha Solutions, by strengthen...
Seoul Q2 office prices rise at fastest rate in 10 yrs
Seoul office building prices rose at their strongest rate in 10 years in the second quarter of this year, driven by domestic investors as the Seoul ...
App Developers’ Payments Dilemma: Easier With or Without Apple and Google?
SEOUL—South Korea’s app developers can soon sidestep the digital tollway mandated by Apple Inc. and Alphabet Inc.’s Goog...
Lotte Shopping to acquire furniture maker Hanssem with IMM PE
Lotte Shopping Co., South Korea’s top department store operator, is set to acquire Hanssem Co. with IMM Private Equity.IMM PE selected Lotte S...
Coupang’s business model put to test as shares fall below IPO price
Coupang Inc., widely seen as the South Korean version of global e-commerce giant Amazon.com, has closely followed the US company’s business mo...
SK holds off indefinitely on petrochem unit stake sale
South Korea's SK Innovation Co. has put on hold indefinitely its plan to sell up to a 49% stake in SK Geocentric Co., formerly known as SK Global Ch...
Activist fund urges SK Chemicals to sell part of SK Bioscience stake
A Singaporean activist fund has urged South Korea’s SK Chemicals to sell some of its shares in SK Bioscience Co., saying its corporate value h...
Hyundai Heavy becomes third-most subscribed Korean IPO
Hyundai Heavy Industries Co. became the third-most subscribed stock in South Korea after its initial public offering drew 1,130 trillion won ($968 b...
Daimler working with Korean EV battery makers
Daimler AG is working with South Korean battery makers, already using their technology for electric sport utility vehicles (SUVs) of Mercedes-Benz, ...
Steel stocks rally on iron ore price falls, Q3 outlook
Shares in South Korean steelmakers rose sharply in active trade on Tuesday, on the prospect that the declining iron ore price and Chinese rivals' ou...
GIC, PEFs face further delays to Kyobo exit after ruling
Singapore’s GIC, Canada's Ontario Teacher's Pension Plan (OTPP) and private equity firms, including Affinity Equity Partners, may need to endu...
LG Innotek, Samsung Electro-Mechanics benefit from wafer shortage
South Korea’s semiconductor substrate producers including LG Innotek and Samsung Electro-Mechanics are benefiting as a global wafer shortage...
KT to commercialize hyperscale AI model by H1 2022
South Korea’s major mobile carrier KT Corp. and the AI One Team coalition announced plans last week to develop a hyperscale artificial intelli...
Samsung, LG see largest surge in TV prices in decade
Lee Ji-eun, a 30-year-old bride-to-be, was surprised at the prices of liquid-crystal display (LCD) TVs when she visited a home appliance store in ...
Genesis goes green as Hyundai Motor accelerates EV push
South Korea’s top automaker Hyundai Motor Co. on Thursday unveiled its vision for a sustainable future, in which all its new vehicles under th...
Kakao Pay cuts IPO price by 6% for October listing
Kakao Pay Corp., the digital settlement platform unit of South Korea’s top messaging app operator Kakao Corp., has slashed its initial publi...
LG delays decision on battery unit IPO to Q4
LG Chem Ltd.’s battery unit LG Energy Solution Ltd. will not be listed on Kospi within the third quarter. Investors are keeping close eyes on ...
Chinese, Korean carmakers penetrate Japanese-dominated Indonesia
Hyundai Motor Co. is set to start producing automobiles in Indonesia around the end of this year to attract drivers in the Southeast Asia’s ...
S.Korean govt to spend $5.4 bn to develop sensors, improve EV repair
South Korean government will spend 6.3 trillion won ($5.4 billion) next year in supporting the state-designated Big 3 industries: future vehicles, n...
SEWORKS CEO: Black hat hacker-turned-security consultant
SILICON VALLEY -- In a digital world where data theft is growing rapidly, hackers who turn their lives around to help in the fight against cybercrim...
Global automakers' new battle field: small EVs
Global automakers stop producing smaller cars among internal combustion engine models. The industry is facing difficulties to make profits from thos...
Will Samsung follow TSMC's price hikes?
Samsung Electronics Co., the world’s largest memory chip maker, is expected to raise foundry prices in the near term as surging demand is outp...
POSCO Chemical to expand EV battery materials capacity in China
South Korea’s POSCO Chemical is set to bolster production capacity of electric vehicle battery materials in China, the world’s top batte...
Volatile raw material prices put Korea on alert for procurement
Volatile price changes in iron ore and non-ferrous metals such as lithium and nickel are keeping South Korean companies on their toes for procuremen...
