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Fed’s Powell, BOK chief to meet during G20 gathering

Fed’s Powell, BOK chief to meet during G20 gathering

Federal Reserve Chair Jerome Powell and Bank of Korea (BOK) Governor Lee Ju-yeol will meet during a Group of 20 (G20) gathering of finance ministe...

SK Global Chemical to start plastic waste recycling business in Asia

SK Global Chemical to start plastic waste recycling business in Asia

SK Global Chemical (SKGC), a petrochemical subsidiary of SK Innovation Co., plans to build a plastic waste recycling plant in South Korea to extract...

Market Kurly makes U-turn to Korea Exchange IPO

Market Kurly makes U-turn to Korea Exchange IPO

Kurly Inc., the operator of South Korea's online grocery delivery service Market Kurly, has canceled a US listing plan to resume its domestic IPO pr...

Samsung’s LED business makes big global rebound

Samsung’s LED business makes big global rebound

Samsung Electronics Co.’s light-emitting diode (LED) business, which was almost on the verge of a shutdown due to its sluggish performance, is...

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...

SK Innovation turns to PEFs to sell stake in SK Global

SK Innovation turns to PEFs to sell stake in SK Global

South Korea's SK Innovation Co. is tapping private equity firms to sell up to a 49% stake in SK Global Chemical Co. after the chemical raw materials...

No.1 K-pop goods maker Copan Global eyes digital expansion

No.1 K-pop goods maker Copan Global eyes digital expansion

The world of K-pop is globally known for offering a truly wide selection of merchandise items for fans. While balloons were the only goods used by t...

Leeno Industrial hits 52-week high, eyes top 10 on Kosdaq

Leeno Industrial hits 52-week high, eyes top 10 on Kosdaq

The stock price of South Korea’s Kosdaq-listed electronic testing components maker Leeno Industrial Inc., previously a small company whose mar...

Samsung, Hanwha Q Cells to offer IoT home energy solutions in US, EU

Samsung, Hanwha Q Cells to offer IoT home energy solutions in US, EU

Samsung Electronics Co. and South Korea’s leading solar panel maker Hanwha Q Cells Co. have joined hands to provide smart home energy solution...

SK Biopharm aims to make it to global top 10 healthcare firms by 2030

SK Biopharm aims to make it to global top 10 healthcare firms by 2030

South Korea’s SK Biopharmaceuticals Co. said on Friday it aspires to become one of the world’s top 10 healthcare companies by 2030 with ...

SK Siltron to ramp up wafer production from 2022

SK Siltron to ramp up wafer production from 2022

SK Group’s silicon wafer affiliate SK Siltron Co. is planning to expand wafer production facilities amid growing demand from the global chip m...

KIC aims to boost alternatives to 25% by 2027

KIC aims to boost alternatives to 25% by 2027

The Korea Investment Corporation (KIC) will gradually increase alternative investments such as venture capital, private equity and debt, and infrast...

Coway keeps No.1 spot in Malaysia’s water purifier market for 10 years

Coway keeps No.1 spot in Malaysia’s water purifier market for 10 years

South Korea’s home appliance rental service provider Coway Co. has maintained the top position in Malaysia’s water purifier rental marke...

Mid-sized Jungheung to buy Daewoo E&C as part of global expansion plan

Mid-sized Jungheung to buy Daewoo E&C as part of global expansion plan

South Korea’s construction firm Jungheung Construction Co., in a move to strengthen its global foothold, is buying its much larger-sized rival...

Edge computing revolution to fuel Korea’s growth over the next decade

Edge computing revolution to fuel Korea’s growth over the next decade

Korea’s leading firms across multiple industries, from consumer electronics to agricultural equipment, are widening the use of edge computing ...

GS Group joins race to acquire Korea’s botox maker Hugel

GS Group joins race to acquire Korea’s botox maker Hugel

A consortium led by South Korea’s GS Group is in talks to acquire a controlling stake in Hugel Inc., the country’s top maker of botulinu...

Samsung Life eyes CPPIB-style stake purchases in GPs

Samsung Life eyes CPPIB-style stake purchases in GPs

Samsung Life Insurance Co. has drawn attention from South Korean pension and savings funds with its $90 million purchase last month of a stake in Sa...

KT&G expands global foothold with 4,700 e-cigarette IP rights

KT&G expands global foothold with 4,700 e-cigarette IP rights

The world’s fifth-largest tobacco maker KT&G Corporation is rapidly widening the global reach of its e-cigarette products, which have beco...

SK Chairman vows to achieve carbon neutrality ahead of 2050 UN target

SK Chairman vows to achieve carbon neutrality ahead of 2050 UN target

SK Group has pledged to achieve carbon neutrality prior to 2050, the year set by the United Nations (UN) to reach net-zero carbon emissions globally...

AI startup Voyager X raises over $25 mn in Series A funding round

AI startup Voyager X raises over $25 mn in Series A funding round

South Korea-based artificial intelligence startup Voyager X Inc. has successfully raised around 30 billion won ($26.4 million) in a Series A funding...

Israel’s Nanox begins production of digital X-ray components in Korea

Israel’s Nanox begins production of digital X-ray components in Korea

Nano-X Imaging Ltd. (Nanox), an Israeli startup listed on the Nasdaq last August, has started manufacturing digital X-ray components in South Korea....

Kolon expands hydrocarbon resins production, becomes global No.2 maker

Kolon expands hydrocarbon resins production, becomes global No.2 maker

South Korea’s chemicals and industrial materials maker Kolon Industries Inc. have added another 15,000 tons of annual capacity in its hydrocar...

Hyundai NEXO, Toyota Mirai to compete in fuel cell cars as Honda exits

Hyundai NEXO, Toyota Mirai to compete in fuel cell cars as Honda exits

Japan’s Honda Motor Co. has announced it is exiting the hydrogen fuel cell vehicle market, leaving Toyota Motor Corp. and South Korea’s ...

Seoul to host EV-only Formula E World Championship in 2022

Seoul to host EV-only Formula E World Championship in 2022

South Korea’s capital Seoul will be finally hosting the ABB FIA Formula E World Championship in August 2022, with BTS as the global ambassador...

Coupang changes leadership roles to expand global business

Coupang changes leadership roles to expand global business

Coupang Corp. has executed changes in leadership roles to focus more on overseas ventures. The company has entered Japan and Singapore this year. So...

Service marketplace Soomgo raises nearly $30 mn in Series C round

Service marketplace Soomgo raises nearly $30 mn in Series C round

South Korea-based Brave Mobile Inc., the operator of service matching platform Soomgo, has secured 32 billion won ($28.6 million) in a Series C fund...

Naver vs. Kakao: Global webtoon duel extends into Southeast Asia

Naver vs. Kakao: Global webtoon duel extends into Southeast Asia

The global webtoon battleground between South Korea's leading platforms Naver Corp. and Kakao Corp. has expanded into Southeast Asia with each compa...

Govt pension fund to ease due diligence to revive global deals

Govt pension fund to ease due diligence to revive global deals

South Korea's Government Employees Pension Service (GEPS) has abandoned its onsite only due diligence requirements on alternative deals in an effort...

Hyundai, SK, POSCO, Hyosung agree to launch Korea’s hydrogen council

Hyundai, SK, POSCO, Hyosung agree to launch Korea’s hydrogen council

Hyundai Motor Group and three other South Korean conglomerates have agreed to launch an industry-wide consultative body on hydrogen, underscoring an...

Samsung SDI mulls EV battery JV in US; partnership with global automaker

Samsung SDI mulls EV battery JV in US; partnership with global automaker

Samsung SDI Co., one of South Korea’s top three electric vehicle battery makers, is considering launching a battery production joint venture i...

Is chip winter over? Doomsayers gone as Korea’s DRAM exports surge S.Korea to have 1st civilian defense minister in decades, tap career technocrats Fubon Bank expands Korea presence into banking Hana Asset launches ultra-low-fee Nasdaq 100 ETF Even barcodes copied: Counterfeits invasion threatens K-brands

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