HD KSOE buys Doosan Vina for $207.5 mn in green ship push

HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) agreed to buy a full stake in Doosan Vina, the Vietnamese unit of Doosan Enerbility C...

CJ ENM, Hakuhodo launch music venture to tap global fans

CJ ENM Co., South Korea’s largest entertainment company, has formed a music joint venture with Hakuhodo Inc., a more than century-old Japanese...

HD Hyundai Heavy wins US Navy ship MRO deal, 1st under MASGA accord

HD Hyundai Heavy Industries Co., one of the world’s leading shipbuilders, has secured its first-ever maintenance, repair and overhaul (MRO) co...

Seoul downtown office glut fears overblown: Savills Korea CEO

The prime office market in core business districts in Seoul is expected to remain strong, said Savills Korea chief, citing limited new supply and th...

BTS live album debuts at No. 10 on Billboard 200, setting new K-pop record

BTS’s first live act album Permission to Dance on Stage – Live debuted at No. 10 on the Billboard 200 albums chart dated Aug. 2, accordi...

LIG Nex1 edges out Hanwha to lead S.Korea’s ‘Iron Dome’ project

South Korea’s LIG Nex1 Co. will lead development of the country’s next-generation missile defense system, beating out longtime rival Han...

HYBE, Paramount to bring KPop Demon Hunters star to life in idol film

HYBE America Co., the US subsidiary of South Korea's entertainment titan HYBE Co., will produce a K-pop-themed film in collaboration with Paramount ...

HD Hyundai, ECO launch US shipbuilding project

HD Hyundai Co., South Korea's largest shipbuilding group, has kicked off a joint shipmaking project with US partner Edison Chouest Offshore (ECO), a...

Celltrion eyes record high sales in 2025, fueled by high-margin biosimilars

Celltrion Inc., South Korea’s leading biosimilar drug developer, is poised to reap nearly 5 trillion won ($3.6 billion) in revenue this year a...

LG Energy, GM’s JV Ultium Cells to retrofit Tennessee plant to produce LFP batteries

Ultium Cells LLC, a battery joint venture between South Korea’s LG Energy Solution Ltd. and General Motors Co., will upgrade its battery cell ...

Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet

South Korea’s Hyundai Glovis Co. is poised to become the world’s first shipping company to deploy artificial intelligence-based autonomo...

BOK chief warns household debt near tipping point, keeps rates steady

Rhee Chang-yong, governor of the Bank of Korea (BOK), warned on Thursday that mounting household debt is now undermining both private consumption an...

Shinsegae, Hana Financial, Bain Capital to finance $438 mn Starfield Cheongna

Shinsegae Property, a subsidiary of South Korean retail giant Shinsegae Group, on Tuesday unveiled a 600 billion won ($438 million) investment agree...

Samsung Heavy Industries clinches $635 mn preliminary FLNG deal with African shipowner

Samsung Heavy Industries Co., a major South Korean shipbuilder, has signed a preliminary agreement worth 869.4 billion won ($635 million) with an Af...

POSCO sets sights on lithium production in US

POSCO Holdings Inc. has teamed up with Australia’s Anson Resources Ltd. to build a direct lithium extraction (DLE) demonstration plant in the ...

Kakao Mobility to build smart infrastructure for Saudi Diriyah project

Kakao Mobility Corp., which runs South Korea’s most popular ride-hailing app, Kakao T, has clinched a deal to build a future mobility infrastr...

Hanwha Ocean to team up with Polish shipyards for Navy project bid

Hanwha Ocean Co. is ramping up efforts to win Poland's highly competitive next-generation submarine project, worth around 3 trillion won ($2.2 billi...

SpaceX’s Starlink, Eutelsat’s OneWeb land in Korea for LEO satellite services

South Korea has officially cleared the way for low-earth orbit (LEO) satellite internet services, granting regulatory approval for SpaceX’s St...

Half of Seoul offices now over 30 years old amid limited new supply

About half of the office buildings in Seoul’s major business districts are over 30 years old, falling short of demand for modern and high-end ...

Korea’s pharmaceutical exports set to top $10 bn, led by ‘K-M7’ champions

South Korea’s pharmaceutical exports are on course to surpass $10 billion this year, underscoring the country’s growing clout in the glo...

CJ CheilJedang scraps $3.5 bn green bio sale, shifts gears to expansion

CJ CheilJedang Corp., South Korea’s largest food and beverage company, said on Wednesday it has scrapped a planned sale of its green bio busin...

Seoul mulls joint review of Alaska LNG project with Japan, Taiwan, Vietnam

South Korea has proposed forming a consortium with Japan, Taiwan and Vietnam to jointly assess the feasibility of investing in the $45 billion Alask...

Shinhan to lead financing for battery storage project in Japan

Shinhan Financial Group will lead 4.9 billion yen ($35 million) in financing for a large-scale battery energy storage system (BESS) construction pro...

Ritz-Carlton to return to Seoul, tapped by IGIS Asset for landmark project

IGIS Asset Management Co., South Korea’s leading real estate investment firm, has named The Ritz-Carlton the preferred hotel brand for its amb...

Samsung SDI, Hanwha Ocean to usher in battery-driven submarine era

Hanwha Ocean Co. and Samsung SDI Co. will start evaluating their jointly developed lithium-ion battery system for a submarine with South Korea&rsquo...

POSCO to invest in Hyundai Steel’s Louisiana plant

South Korea’s top steel maker POSCO has decided to invest in Hyundai Steel Co.'s first overseas plant in Louisiana and collaborate on research...

KT rolls out Thai-tailored large language model

South Korean telecom service provider KT Corp. has built a large language model (LLM) platform tailored for the Thai market in collaboration with Ja...

Alaska governor seeks Korean partners for $44 bn LNG project

Alaska Governor Mike Dunleavy arrived in South Korea on Monday to hold a series of one-on-one meetings with top executives from Korean energy and st...

Korea’s Hanwha Ocean sends USNS Wally Schirra back to theater after MRO

A 210-meter, 40,000-ton US Navy vessel, heavily corroded and weathered from years of service, was pulled into Hanwha Ocean Co.'s shipyard in Ge...

Hyundai, Kia ready to ramp up EV output in Europe, US

South Korea’s top two automakers Hyundai Motor Co. and Kia Corp. are expected to ramp up electric vehicle production in Europe and the US to b...