Ssangyong draws HAAH and electric bus, scooter makers

Ssangyong draws HAAH and electric bus, scooter makers

Ssangyong Motor Co., a troubled South Korean sports utility vehicle maker, has drawn nine preliminary bidders, including a US automobile distributor...

Chip supercycle view revives with DRAM, NAND prices at multi-year highs

Chip supercycle view revives with DRAM, NAND prices at multi-year highs

The contract prices of memory chip prices are hovering around multi-year high levels, fanning the view that the global semiconductor market is enter...

Current asset prices not irrational: Howard Marks

Current asset prices not irrational: Howard Marks

Many asset prices have skyrocketed to their highest-ever levels as interest rates remain historically low, but that does not mean their current valu...

Krafton sets IPO price at top end despite soft institutional demand

Krafton sets IPO price at top end despite soft institutional demand

South Korean game developer Krafton Inc. set the initial public offering (IPO) price at the top end of the proposed band even as the largest domesti...

Hyundai Motor, LG Energy to build $1.1 bn EV battery plant in Indonesia

Hyundai Motor, LG Energy to build $1.1 bn EV battery plant in Indonesia

Hyundai Motor Group and LG Energy Solution Ltd. will invest $1.1 billion in an electric vehicle (EV) battery cell factory in Indonesia to capture As...

LG Elec completes stock deal with Magna for EV powertrain JV

LG Elec completes stock deal with Magna for EV powertrain JV

LG Electronics Inc. completed a stock sale deal with Canadian auto parts maker Magna International Inc. for an electric vehicle (EV) powertrain join...

HK inno.N’s IPO price set at top end with record demand for Kosdaq listing

HK inno.N’s IPO price set at top end with record demand for Kosdaq listing

HK inno.N Corp. (inno.N), a pharmaceuticals unit of South Korea's Kolmar Korea, set the initial public offering price at the top end of the proposed...

Surging battery material costs put roadblock to EV growth

Surging battery material costs put roadblock to EV growth

Prices of core raw materials such as lithium and cobalt for electric vehicle (EV) batteries jumped to threaten the global auto industry’s key ...

Samsung SDI to build EV battery plant in US

Samsung SDI to build EV battery plant in US

Samsung SDI Co. plans to set up an electric vehicle (EV) battery plant in the US, joining South Korean battery producers’ move to gain ground ...

Hyundai Samho’s IPO faces hurdle on steel prices, baffling IMM PE

Hyundai Samho’s IPO faces hurdle on steel prices, baffling IMM PE

Back in the early 2010s, Hyundai Samho Heavy Industries Co. was a strong shipbuilder earning 800 billion won ($696 million) a year on sales of 4.8 t...

Hanwha Defense chosen as contender for design of US Army war vehicle

Hanwha Defense chosen as contender for design of US Army war vehicle

Hanwha Defense Co. has been named a contender for the design of a US Army war vehicle that will replace around 3,500 M2 Bradley vehicles that have b...

Korean housing prices soar to $5 tn in Moon admin with record growth

Korean housing prices soar to $5 tn in Moon admin with record growth

South Korean house prices have risen more during the President Moon Jae-in administration than any other as the current government has focused more ...

Hankook Tire to equip Volkswagen ID.4 with EV tires

Hankook Tire to equip Volkswagen ID.4 with EV tires

South Korea’s top tire manufacturer Hankook Tire & Technology has again widened its client pool of electric vehicles (EVs). The company sa...

Korean LCCs continue to face worst market conditions in 2021

Korean LCCs continue to face worst market conditions in 2021

Korea’s low-cost carriers (LCCs) are projected to post another period of financial loss in the second quarter of 2021.According to analyst est...

Korea Shipbuilding delivers dismal Q2 loss on higher steel plate prices

Korea Shipbuilding delivers dismal Q2 loss on higher steel plate prices

Korea Shipbuilding & Offshore Engineering Co. (KSOE), a leading South Korean shipbuilder, on Wednesday posted a dismal quarterly operating loss ...

Kakao Pay must refile IPO registration statement to FSS

Kakao Pay must refile IPO registration statement to FSS

South Korea’s financial regulator Financial Supervisory Service (FSS) on July 16 requested correction of Kakao Pay’s IPO registration st...

Affinity, GS Retail likely to acquire Korean delivery platform Yogiyo

Affinity, GS Retail likely to acquire Korean delivery platform Yogiyo

A consortium led by global investment firm Affinity Equity Partners is the most likely candidate to acquire South Korea’s second-largest food ...

LG Group joins investment in EV battery startup SES

LG Group joins investment in EV battery startup SES

South Korea’s LG Group invested in an electric vehicle battery startup SES Holdings Pte (SES) in a bid to secure future growth business.LG Tec...

Samsung Electro-Mechanics targets EV parts

Samsung Electro-Mechanics targets EV parts

Samsung Electro-Mechanics, a South Korean electronic components maker, aims to expand its business in the booming electric vehicle (EV) parts market...

Korean shipbuilders baffled by steelmakers’ offer to hike prices by 64%

Korean shipbuilders baffled by steelmakers’ offer to hike prices by 64%

South Korea’s major steelmakers are demanding a sharp price hike for steel plates used in ships, adding to difficulties faced by domestic ship...

Debt-ridden Ssangyong to sell car plant in self-rescue drive

Debt-ridden Ssangyong to sell car plant in self-rescue drive

Ssangyong Motor Co., the debt-ridden South Korean unit of India’s Mahindra and Mahindra Ltd. now in court receivership, has decided to sell it...

Global EV race kicks off with key players investing $168 bn

Global EV race kicks off with key players investing $168 bn

The global auto industry is rapidly making a full-fledged shift towards electric vehicles (EVs), with the world’s five major market players, i...

NPS bets big on property development as asset prices soar

NPS bets big on property development as asset prices soar

The National Pension Service (NPS) has been increasing its appetite for office buildings in the development stage as part of an effort to snatch up ...

POSCO Chemical to bolster EV presence with 60,000-ton cathode plant

POSCO Chemical to bolster EV presence with 60,000-ton cathode plant

POSCO Chemical Co. will invest 600 billion won ($523 million) from 2022 to build a cathode materials plant in Pohang city with an annual capacity of...

Korean battery SMEs rush for money to expand capacity

Korean battery SMEs rush for money to expand capacity

South Korean rechargeable battery-related companies are jumping into capital markets to raise money for capacity expansion as the fast-growing ele...

LegoChem’s biotech platform drives 28% share price spike over last month

LegoChem’s biotech platform drives 28% share price spike over last month

The rise of the platform economy is a global phenomenon. The spread of the coronavirus pandemic has accelerated the use of contactless technology an...

Hyundai launches first Genesis EV sedan G80 in Korea

Hyundai launches first Genesis EV sedan G80 in Korea

Hyundai Motor Co. said on Wednesday it has debuted a new electric sedan sold under the independent premium brand of Genesis in the Korean market as ...

Jungheung cuts Daewoo E&C acquisition price by $180 mn

Jungheung cuts Daewoo E&C acquisition price by $180 mn

KDB Investment, in an announcement on July 5, has confirmed Jungheung Construction Co. as the preferred bidder for the acquisition of Daewoo Enginee...

Hyundai innovates EV manufacturing with smart factory system

Hyundai innovates EV manufacturing with smart factory system

South Korea’s top carmaker Hyundai Motor Co. is making innovations in its electric vehicle manufacturing processes. The company on July 1 reve...

Krafton lowers IPO share price amid debate over high valuation

Krafton lowers IPO share price amid debate over high valuation

South Korean game developer Krafton Inc. has decided to lower its initial public offering share price amid criticism over its high valuation followe...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race