Concerned about CHIPS Act, Korea says US investment less attractive

Concerned about CHIPS Act, Korea says US investment less attractive

South Korea on Monday expressed concerns about the guidelines of the US Chips and Science Act, saying that some of the conditions the US government ...

S.Korea's Taekwang Industrial acquires ISO 45001 certification

S.Korea's Taekwang Industrial acquires ISO 45001 certification

Taekwang Industrial Co., a textile and petrochemical subsidiary of Taekwang Group, announced on Sunday that it has achieved ISO 45001 certification ...

Samsung’s DRAM market share rises amid industrywide revenue drop

Samsung’s DRAM market share rises amid industrywide revenue drop

Samsung Electronics Co., the world’s largest memory chipmaker, saw its DRAM market share rise in the fourth quarter of last year despite a sig...

Plant, machinery maker Doosan seeks future from chips, robots

Plant, machinery maker Doosan seeks future from chips, robots

BARCELONA -- South Korea’s plant and machinery powerhouse Doosan Group is seeking its future growth engines from the semiconductor and robot s...

Lotte to produce clean ammonia in US with CF Industries

Lotte to produce clean ammonia in US with CF Industries

Lotte Chemical Corp., a major South Korean petrochemical manufacturer, joined hands with CF Industries Holdings Inc., the world’s largest ammo...

Samsung, SK Hynix face cap on tech level of chips made in China

Samsung, SK Hynix face cap on tech level of chips made in China

WASHINGTON D.C. – Samsung Electronics Co. and SK Hynix Inc., the world’s two largest memory chipmakers, might be unable to manufacture a...

Dongwon solo bidder for Boryung Biopharma estimated at $385 mn

Dongwon solo bidder for Boryung Biopharma estimated at $385 mn

South Korea’s leading seafood and logistics conglomerate Dongwon Group is seeking to buy local biopharmaceutical company Boryung Biopharma Co....

S.Korea to spur defense sector tech with $1.5 bn R&D investment

S.Korea to spur defense sector tech with $1.5 bn R&D investment

South Korea plans to accelerate growth in the defense industry, a future growth engine of Asia’s fourth-largest economy, by investing more tha...

Hyundai Heavy to develop core technology for seawater electrolysis system

Hyundai Heavy to develop core technology for seawater electrolysis system

Hyundai Heavy Industries Co. signed a business agreement for jointly developing seawater electrolysis system core technology at the Korea Institute ...

POSCO ICT to be rebranded as POSCO DX for digital transformation

POSCO ICT to be rebranded as POSCO DX for digital transformation

POSCO ICT Co., the IT services subsidiary of South Korean steelmaker POSCO Holdings Inc., announced on Sunday that it will rebrand itself as POSCO D...

Chip designers in high demand despite industry slowdown

Chip designers in high demand despite industry slowdown

The semiconductor industry is reeling from a chip supply glut amid a broader global economic slowdown. However, as the saying goes, every cloud has ...

S.Korea's battery industry looks for staff fluent in European languages

S.Korea's battery industry looks for staff fluent in European languages

South Korea's battery companies are seeking human resources fluent in the languages and familiar with the cultures of countries where plants are loc...

Vietnam’s rise: An ominous sign for Korean chipmakers

Vietnam’s rise: An ominous sign for Korean chipmakers

Just a few years back, it was Taiwan that was on everyone’s lips in the semiconductor industry.The small East Asian island country, home to th...

S.Korea's extended reality sector forms industry convergence alliance

S.Korea's extended reality sector forms industry convergence alliance

The Korea Display Industry Association (KDIA) on Wednesday signed a memorandum of understanding (MOU) on a convergence alliance of the domestic exte...

Hanjin converts Indonesian representative office to corporation

Hanjin converts Indonesian representative office to corporation

Hanjin Transportation said Tuesday that it had converted its representative office in Jakarta, Indonesia, into a corporation last month to strengthe...

S.Korea's Kyung Dong Navien expands its business in Central Asia

S.Korea's Kyung Dong Navien expands its business in Central Asia

South Korea's heating systems manufacturer Kyung Dong Navien Co. held a conference for 100 local dealers in Tashkent, Uzbekistan, on Feb. 10.The con...

HMM’s operating profit to fall 80% in 2023 on easing freight rates

HMM’s operating profit to fall 80% in 2023 on easing freight rates

South Korea’s sea flag carrier HMM Co. is expected to suffer an over-80% plunge in operating profit this year due to a downward spiral in cont...

Shinhan Financial returns to top in Korea with record NP in 2022

Shinhan Financial returns to top in Korea with record NP in 2022

Shinhan Financial Group Co. reported a record-high net profit of 4.6 trillion won ($3.6 billion) last year, snatching back the crown of South Korea&...

South Korean companies rattled by activist shareholders

South Korean companies rattled by activist shareholders

South Korea’s major companies are under attack by activist shareholders, who are exerting ever-increasing clout over critical corporate decisi...

S.Korea's high-tech firms flood to US with heavy spending plans

S.Korea's high-tech firms flood to US with heavy spending plans

South Korea’s large business groups are flooding to the US, with their pledged investments there exceeding $100 billion for the next two years...

Dongwon Industries in talks to buy McDonald’s Korea as exclusive suitor

Dongwon Industries in talks to buy McDonald’s Korea as exclusive suitor

Dongwon Industries Co. will discuss a deal with McDonald’s Corp. to buy the latter’s Korean operations in hopes of riding on the renewed...

Industrial Bank of Korea goes all in with Eastern Europe push

Industrial Bank of Korea goes all in with Eastern Europe push

Industrial Bank of Korea (IBK) will open an office in Poland in the first half of this year, with analysts saying the bank's president Kim Seong-tae...

Korea Shipbuilding & Offshore Engineering ends fears over stock overhang

Korea Shipbuilding & Offshore Engineering ends fears over stock overhang

Korea Shipbuilding & Offshore Engineering (KSOE), a subholding company for shipbuilding, oil refining and machinery conglomerate HD Hyundai Co. ...

Meritz Securities poised to become Korea’s No. 1 for first time

Meritz Securities poised to become Korea’s No. 1 for first time

Meritz Securities Co., once a mid-tier securities firm in South Korea, is expected to command the local market as No. 1 after earning more than 1 tr...

Hyundai Doosan Infracore bags $256 mn Turkey defense deal

Hyundai Doosan Infracore bags $256 mn Turkey defense deal

Hyundai Doosan Infracore Co., a South Korean construction equipment maker, won a 313.1 billion won ($255.5 million) defense deal from Turkey, sugges...

SK Ecoplant passes industry-first carbon reduction target verification

SK Ecoplant passes industry-first carbon reduction target verification

South Korea's construction and engineering company SK Ecoplant Co. said on Thursday that it has passed the greenhouse gas reduction target verificat...

S.Korea's online K Bank withdraws plan for Kospi listing

S.Korea's online K Bank withdraws plan for Kospi listing

South Korea's K Bank has withdrawn its highly anticipated plan to hold an IPO this year in the judgement of a lower corporate value due to the slugg...

Samsung Heavy Industries adopts integrated monitoring system

Samsung Heavy Industries adopts integrated monitoring system

In a first for shipbuilding, South Korea's Samsung Heavy Industries has developed a system to confirm all data generated in the process of shipbuild...

Samsung Heavy wins $495 million order for two LNG ships

 Samsung Heavy wins $495 million order for two LNG ships

Samsung Heavy Industries Co., a leading South Korean shipbuilder, said on Wednesday it has won a 609.7 billion won ($495 million) deal to build two ...

Samsung vows no chip output cut, eyes second-half demand recovery

Samsung vows no chip output cut, eyes second-half demand recovery

Samsung Electronics Co. said on Tuesday it has no plans to cut semiconductor production even if it incurs temporary losses as the world’s larg...

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