POSCO pursues future energy cooperation with Malaysia's Petronas

South Korea’s POSCO Group on Sunday said its Chairman Choi Jeong-woo and Petronas Group of Malaysia CEO Tengku Muhammad Taufik in Kuala Lumpur...

KG Mobility expands into Southeast Asia with Futa Group partnership

KG Mobility, previously known as Ssangyong Motor Co., announced on Friday its alliance with Vietnam's Kim Long Motor, a subsidiary of the Futa Group...

S.Korean activist fund KCGI eyes foundry DB HiTek buyout

Korea Corporate Governance Improvement Fund (KCGI) is eyeing a controlling stake in DB HiTek Co. as the activist fund became the second-largest shar...

KB Financial launches $193 million fund to invest in global startups

South Korea’s second-largest financial institution KB Financial Group will launch a 250 billion won ($193 million) fund to invest in startups ...

CEOs of Samsung, LG group companies buying back their stocks

Leading executives of major South Korean corporations Samsung Electronics Co., LG Energy Solution Ltd. and LG Electronics Inc. are buying back their...

Chip foundry DB HiTek's stock near 10-month peak on activist fund

South Korean leading foundry chipmaker DB HiTek’s stock price hit a near 10-month high this week as a domestic activist fund bought a stake to...

LG Group Chairman names AI, bio, clean tech as new growth engines

LG Group Chairman Koo Kwang-mo has pledged to continue investing in future-oriented businesses and human resources despite the global economic slowd...

Doosan Group opens museum on its corporate history

South Korea's Doosan Group on Tuesday opened Doosan Heritage 1896, a museum displaying 127 years of the conglomerate's history, at Doosan Tower in t...

LS Group completes nickel sulfate plant for EV batteries

South Korea’s LS Group said on Monday it has completed construction of a new plant to produce nickel sulfate, a key raw material for next-gene...

Korea's Kolon Group takes first step successfully in space launch vehicle biz

South Korea's Kolon Group announced on Wednesday that Kolon DACC Composite participated in the launch of the first private test launch vehicle in Ko...

LG Chem supplies RO filters for Chinese lithium extraction project

South Korea's LG Chem Ltd. has supplied reverse osmosis (RO) filters for a project to extract lithium from China's largest salt lake.The company on ...

Hyundai Motor, Lotte chairs rank as S.Korea’s highest-paid heads

Hyundai Motor Group Chairman Chung Euisun was ranked as South Korea’s highest-paid business owner in 2022 thanks to the group's record-high pr...

HD Hyundai to rename subsidiaries to boost brand identity

HD Hyundai Co., a South Korean conglomerate that operates in shipbuilding, construction equipment, oil refining and other sectors, plans to rename i...

Two global shareholder voting advisors oppose activist funds in S. Korea

Institutional Shareholder Services (ISS) and Glass Lewis, the world's two biggest advisory bodies for shareholder voting rights, have recommended op...

Doosan Group chief checks farm-construction equipment affiliate's strategy in US

South Korea’s Doosan Group on Sunday said its chairman Park Jeong-won visited the construction trade show ConExpo-Con-Agg in Las Vegas on Wedn...

Hansol Paper develops eco-friendly packaging with Samsung Welstory

Hansol Paper Co., South Korea's largest general paper company, on Wednesday said it signed a business agreement with Samsung Welstory, a food and be...

Hyundai, other Korean steelmakers slim down Chinese units

Hyundai Steel Co. has decided to sell its Beijing arm, worth 400 billion won ($310 million) in asset value, hit by declining sales of its affiliates...

SK sells US car-sharing firm Turo stake to earn over $32 mn

South Korea’s second-largest conglomerate SK Group exited from Turo, the US top peer-to-peer car-sharing company, to make an estimated return ...

CJ Group adopts AI-based copywriter for producing marketing content

South Korea's CJ Group on Tuesday said it will develop and run a personalized artificial intelligence (AI) copywriter that automatically produces ma...

S.Korea's mattress maker Zinus posts record domestic sales in 2022

Zinus Inc., the mattress-making affiliate of South Korea's Hyundai Department Store Group, on Monday reported record-high domestic sales last year o...

KB Financial Group injects $385.6 million into S.Korea’s real estate PF

South Korea’s KB Financial Group on Monday said it will provide liquidity support for the domestic market for real estate project financing (P...

POSCO Int’l logs highest revenue for group affiliate in 2022

POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., logged the highes...

Samsung Chairman Jay Y. Lee pledges more anonymous donations

“I want to actively participate in volunteer work but it isn't easy because my face is known.”Samsung Electronics Co. Chairman Jay Y. Le...

LG Group Chairman Koo Kwang-mo sued over inheritance in family feud

Koo Kwang-mo, chairman of South Korea’s fourth-largest conglomerate LG, has been sued over the distribution of inherited wealth, including a s...

ISS supports Shinhan Financial Group chairman nominee

Proxy adviser Institutional Shareholder Services Inc. (ISS) is supporting the appointment of Shinhan Financial Group chairman nominee Jin Ok-Dong as...

SK Group affiliates hire more female outside directors

Major affiliates of South Korea’s SK Group are recruiting a large number of female outside directors with the arrival of the season of regular...

Hyundai Motor spins off 4 in-house startups in mobility, AI, data

Hyundai Motor Group has spun off four new in-house startups, including MOBINN with autonomous driving technology and APLAYS with AI-powered music cu...

Korea's Innocean wins eight awards at Spikes Asia advertising festival

South Korea-based global marketing communications company Innocean said on Thursday that it received eight awards at the 2023 Spikes Asia, a prestig...

POSCO Engineering & Construction renames itself POSCO E&C

POSCO Engineering & Construction, the builder affiliate of South Korea's POSCO Group, has changed its name to "POSCO E&C" to mark the first ...

Korea’s sole foreign clinic operator CHA Healthcare to go public in 2025

CHA Healthcare Co. operating nearly 90 hospitals and infertility treatment centers across the world, is set to pave the way for South Koreans' inves...