LS Electric to display smart energy solutions in Germany

LS Electric to display smart energy solutions in Germany

LS Electric Co., South Korean manufacturer of power and industrial automation equipment, announced on Monday that it will participate in the Hannove...

S.Korea’s first-generation bio companies set up support fund for new ventures

S.Korea’s first-generation bio companies set up support fund for new ventures

South Korea's first-generation bio companies and Industrial Bank of Korea (IBK) have created a bio investment fund to support ventures in the field ...

S.Korea, Boeing tie up for develop future advanced weapons

S.Korea, Boeing tie up for develop future advanced weapons

The Korean Defense Acquisition Program Administration (DAPA) teams up with major US defense contractor Boeing to conduct research and development on...

POSCO E&C supports construction workforce development in Argentina

POSCO E&C supports construction workforce development in Argentina

POSCO E&C (formerly POSCO Engineering & Construction), the builder affiliate of South Korea's POSCO Group, announced on Wednesday that it ha...

LG Chem, Hanyang Univ. open industry-academic center for battery materials

LG Chem, Hanyang Univ. open industry-academic center for battery materials

South Korea's LG Chem Ltd. on Wednesday said it signed a memorandum of understanding with Hanyang University on industry-academic cooperation in bat...

HD Hyundai Heavy Industries launches new frigate Chungnam

HD Hyundai Heavy Industries launches new frigate Chungnam

HD Hyundai Heavy Industries (formerly Hyundai Heavy Industries Co. ) held on Monday a launch ceremony for the new 3,600-ton-class frigate "Chung...

S.Korean semiconductor industry faces sharp decline: report

S.Korean semiconductor industry faces sharp decline: report

The Korea Development Institute (KDI), a renowned government-affiliated economic think tank in South Korea, disclosed on Sunday that the domestic se...

Samsung’s chip output cut: Boon for industry, price rebound

Samsung’s chip output cut: Boon for industry, price rebound

Samsung Electronics Co., the world’s largest memory chipmaker, said on Friday it is curtailing chip production after its semiconductor busines...

Falling freight rates set to boost LG, Hyundai’s earnings

Falling freight rates set to boost LG, Hyundai’s earnings

The significant fall in seaborne freight rates of late is expected to boost earnings prospects for South Korea’s major companies, benefitting ...

S.Korea to invest $24 mn in fostering future car industry workforce

S.Korea to invest $24 mn in fostering future car industry workforce

South Korea will invest 31.5 billion won ($23.96 million) this year to train over 3,700 core personnel in future car technologies, including autonom...

Samsung Heavy wins order $512 mn for two LNG carriers

Samsung Heavy wins order $512 mn for two LNG carriers

South Korea's shipbuilder Samsung Heavy Industries announced on Monday that it had won a contract worth 674.5 billion won ($512.3 million) to build ...

S.Korea's auto industry faces shortage of skilled workers for future cars

S.Korea's auto industry faces shortage of skilled workers for future cars

South Korea's automobile industry is rapidly transitioning toward the future such as environmentally friendly and smart cars, but the sector is faci...

WRC-approved longest-distance golf ball ATTOMAX on sale in Korea

WRC-approved longest-distance golf ball ATTOMAX on sale in Korea

ATTOMAX golf balls approved by the World Record Committee (WRC) as the longest-flying golf balls in the world finally hit the South Korean market on...

POSCO Int'l expands into bioplastic recycling business

POSCO Int'l expands into bioplastic recycling business

POSCO International, a subsidiary of South Korea's steel-making-oriented POSCO Group, announced on Wednesday its entry into the biodegradable biopla...

Hyundai E&C, KAI to develop export-type package for defense industry

Hyundai E&C, KAI to develop export-type package for defense industry

South Korea's Hyundai Engineering & Construction (E&C) and Korea Aerospace Industries Ltd. (KAI) will jointly develop an export package for ...

Kolon Industries achieves certification for eco-friendly petroleum resins

Kolon Industries achieves certification for eco-friendly petroleum resins

Kolon Industries Inc., a Korean manufacturer of chemical and textile products, announced on Monday that it has become the first company in the domes...

SK Energy wins first place in K-BPI gas station sector in Korea

SK Energy wins first place in K-BPI gas station sector in Korea

SK Energy, an energy and petrochemical unit of South Korea's SK Group, has won first place for 17 consecutive years in the gas station sector of the...

Samsung, Aramco to cooperate in using industrial 5G tech

Samsung, Aramco to cooperate in using industrial 5G tech

Samsung Electronics Co. and Saudi Aramco announced on Friday the signing of a strategic cooperation memorandum of understanding aimed at localizing ...

Hanwha gets nod on DSME deal from most countries, but not Korea

Hanwha gets nod on DSME deal from most countries, but not Korea

South Korea’s leading defense maker Hanwha Group has obtained approval for its acquisition of Daewoo Shipbuilding & Marine Engineering Co....

HMM receives Gold rating in EcoVadis ESG evaluation

HMM receives Gold rating in EcoVadis ESG evaluation

HMM Co., formerly known as Hyundai Merchant Marine, announced on Thursday that it has received the "Gold" rating for environmental, social and gover...

Kyobo Life chief Shin Chang-jae inducted into insurance hall of fame

Kyobo Life chief Shin Chang-jae inducted into insurance hall of fame

Shin Chang-jae, chief executive and chairman of South Korea’s Kyobo Life Insurance Co., has been honored with a prestigious award from the I...

Hyundai Heavy tops global 2-stroke engine production

Hyundai Heavy tops global 2-stroke engine production

South Korea’s Hyundai Heavy Industries Co. became the world’s first shipbuilder to have marked 200 million brake horsepower (bhp) in cum...

Kolon Industries to make 100% plant-based eco-friendly plastic

Kolon Industries to make 100% plant-based eco-friendly plastic

Kolon Industries Inc.'s Future Technology Institute announced on Wednesday that it has partnered with Stora Enso Oyj, a global biomaterials leader f...

Samsung Electronics gets highest-level certification from AWS

Samsung Electronics gets highest-level certification from AWS

South Korea's electronics giant Samsung Electronics Co. has achieved the highest level of "Platinum" certification from the Alliance for Water Stewa...

S.Korea's brewery Seoul Jangsu forms marketing tie-up with fashion industry

S.Korea's brewery Seoul Jangsu forms marketing tie-up with fashion industry

With South Korea's traditional milky rice wine makgeolli seeing its second heyday centered on the 20- and 30-something crowds, marketing tie-ups tar...

Samsung Heavy partners with Kongsberg Maritime for autonomous ships

Samsung Heavy partners with Kongsberg Maritime for autonomous ships

Samsung Heavy Industries, one of the world’s largest shipbuilders, has signed a joint development agreement with Kongsberg Maritime AS, a Norw...

Korea's LifeSemantics establishes health functional food subsidiary

Korea's LifeSemantics establishes health functional food subsidiary

Digital healthcare company LifeSemantics Co. has entered the health functional food business by creating a new subsidiary, NutraSemantics. The South...

HD Hyundai forms S.Korea's first integrated carbon footprint team in shipbuilding

HD Hyundai forms S.Korea's first integrated carbon footprint team in shipbuilding

South Korea's HD Hyundai Co. has teamed up with domestic shipbuilders and classification societies to form the first integrated "carbon footprint" t...

S.Korea's SK Ecoengineering launches cogeneration platform

S.Korea's SK Ecoengineering launches cogeneration platform

SK Ecoengineering Co., a South Korean engineering company specializing in environmental and energy projects, said on Thursday that it has launched a...

Kolon Industries showcases hydrogen fuel cell materials at Tokyo Expo

Kolon Industries showcases hydrogen fuel cell materials at Tokyo Expo

Kolon Industries Inc., a Korean manufacturer of chemical and textile products, said on Wednesday that it was exhibiting its hydrogen fuel cell parts...

S.Korean game developer Krafton acquires Japan’s ADK for $517 million S.Korea's stablecoin frenzy fuels stock rally despite regulatory uncertainty SK Hynix joins Samsung in 200 trillion won market cap club Samsung on hiring spree to bolster US foundry sales LS Electric poised to join Nvidia's supply chain via Vertiv deal