Korean refiners ramp up runs to pre-COVID-19 level

South Korean refiners ramped up runs of their crude distillation units (CDUs) to a level before the outbreak of the COVID-19, probably exceeding 80%...

Samsung to install 51,000 air purifiers to help Australians return to school

Samsung Electronics Co. will help the students in the Australian state of Victoria in making safe returns to the classroom in a post-COVID environme...

SK, Asia Pulp to develop eco-friendly packaging paper

SK Geo Centric Co., South Korea’s leading petrochemical company, will develop eco-friendly paper coating materials to enter the recyclable pac...

Hyundai, LG Energy break ground on $1.1 bn Indonesia battery plant

Hyundai Motor Co. and LG Energy Solution Ltd. have begun construction of a $1.1 billion battery cell plant in Indonesia as the two South Korean comp...

Korean beauty brand Too Cool For School is up for sale

Too Cool For School Corp., a South Korean budget makeup and beauty brand, is up for sale as its two co-CEOs and related parties aim to sell their en...

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 ...

Samsung Elec, SK Hynix shares jump alongside US peers

Samsung Electronics Co. and SK Hynix sharply rose on Aug. 24 after suffering a continuous sell-off. The Philadelphia Semiconductor Index gained for ...

Koreans foreign stock holdings jump to record $545.4 bn

South Koreans’ foreign stock holdings jumped 50% to an all-time high as retail investors sought high returns from US shares whose gains ramped...

Brazil gives emergency use nod for Celltrion’s COVID-19 treatment

South Korean drugmaker Celltrion Inc. has added Brazil to the list of countries that have granted emergency use approval for its COVID-19 treatment ...

Lotte to resume $4.4 bn Indonesia petrochemical project next year

Lotte Group plans to resume a $4.4 billion petrochemical project in Indonesia next year as it aims to expand the business in Southeast Asia where de...

Samsung works on industry’s first 200-layer NAND as its Q2 profit jumps

Samsung Electronics Co. has made significant progress in developing a 200-layer vertical or V-NAND flash memory –the industry’s first &n...

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...

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 ...

Indonesia grants emergency use approval for Celltrion’s COVID-19 treatment

South Korean drugmaker Celltrion Inc. has received the Indonesian government’s permission for restricted use of its COVID-19 treatment Regkiro...

Indonesia's HappyFresh draws half of new funding from Korea

Indonesia's online grocery platform HappyFresh will receive another $33 million from South Korean investors, including the Asian startup fund of Nav...

PEF-owned Korean firms jumping off IPO bandwagon

South Korea's initial public offering market is gaining fresh momentum from high-profile listings such as mobile banking app KakaoBank and game deve...

POSCO International, Pertamina seek joint oil, gas development off Indonesia

POSCO International Co., the trading unit of South Korean steelmaker POSCO, has agreed with Indonesia’s PT Pertamina Hulu Energi (PHE) to look...

Naver, techfins poised to spark Korean loan market's Big Bang

South Korea's online giant Naver Corp. is preparing to join a government-initiated fintech platform, on which individual borrowers can directly sear...

Hana Financial partners with Line to launch digital bank in Indonesia

Naver Corp.’s Japan-based messaging app affiliate Line Corp. is rapidly expanding its digital banking business in Asian countries outside Kore...

Korea’s bakery franchises target Southeast Asia for growth opportunities

South Korea’s two leading bakery franchise companies are expanding aggressively in Southeast Asia.SPC Group, the operator of Korea’s lar...

Samsung to jump into laptop processor market with Exynos chip in H2

With the global laptop computer market growing rapidly in the pandemic-caused work-and-learn from home era, Samsung Electronics Co. is working on a ...

Riding cargo boom, H-Line Shipping resumes IPO process

H-Line Shipping Co., South Korea's second-largest bulk transportation company, has resumed its initial public offering process after three years, as...

Hyundai Motor's Indonesia unit issues $300 mn bond

PT Hyundai Motor Manufacturing Indonesia (HMMI) has raised $300 million in a five-year bond sale to fund the construction of its first production li...

Genexine exports COVID vaccine candidate to Indonesia

Genexine Inc., one of the five South Korean pharmaceutical companies whose COVID-19 vaccine candidates have entered clinical trials, will export its...

KT to build high-speed satellite network in Indonesia

KT Sat Co., a satellite subsidiary of South Korea’s telecom giant KT Corp., will set up a high-speed satellite telecom network in Indonesia&rs...

Naver invests $150 million in Indonesia’s No.1 media group Emtek

South Korea’s online platform giant Naver Corp. has invested $150 million in Elang Mahkota Teknologi (Emtek), Indonesia’s largest techno...

SK acquires 70% stake in Yposkesi to jump into cell, gene CMO business

SK Inc., the holding and investment company of SK Group, South Korea’s third-largest conglomerate, has acquired a 70% stake in Yposkesi, a Fre...

Intel’s jump into foundry sets off alarm bells for Samsung, TSMC

Intel Corp.’s announcement on Tuesday that it will significantly expand its advanced chip manufacturing capacity and jump into the foundry bus...

Daesang marks Indonesia as hub for Middle East expansion

South Korea-based Daesang Corp. plans to beef up investment in Indonesia as part of its strategy to foster future growth drivers and to tap into the...

Kia shares jump on $3.6 bn Apple Car project news

Shares in Kia Corp. and South Korean automotive parts makers rose sharply on Wednesday, following a news report that Apple Inc. will make an initial...