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Shipping & Shipbuilding
Korean shipbuilder KSOE wins $1.5 bn order for 7 LNG carriers
Korea Shipbuilding & Offshore Engineering Co. (KSOE), the intermediate holding company of the world’s top shipbuilder Hyundai Heavy Indust...
Aug 10, 2022 (Gmt+09:00)
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IPOs
Mobility platform Socar slashes price to push ahead with IPO
South Korea’s first mobility unicorn Socar Inc. has cut its IPO price by 18% to push ahead with its stock market debut, according to industry ...
Aug 09, 2022 (Gmt+09:00)
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Energy
Hanwha Solutions, OCI to benefit from US push for solar energy
Hanwha Solutions Corp. and OCI Co., South Korea’s two leading solar power-related companies, are poised to gain a tailwind from the US governm...
Aug 04, 2022 (Gmt+09:00)
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Carbon neutrality
LG Energy to power all its global operations with renewable energy by 2025
LG Energy Solution Ltd., South Korea’s top battery maker, plans to power all its global production sites with only renewable energy by 2025 to...
Aug 04, 2022 (Gmt+09:00)
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Carbon neutrality
Solar cells & modules, Hyundai Heavy’s hidden growth fuel
Hyundai Heavy Industries Group, the world’s top shipbuilder, secured another future growth engine from its solar cells and modules business on...
Aug 02, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Zigbang completes Samsung SDS home IoT takeover
Zigbang, a South Korean proptech startup that provides real estate search and transaction services, has completed the acquisition of Samsung SDS Co....
Jul 28, 2022 (Gmt+09:00)
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Batteries
LG Energy shrugs off slowing economy as demand grows
South Korea’s top battery maker LG Energy Solution Ltd. on Wednesday unveiled its ambitious goals for revenue and operating margins as electri...
Jul 27, 2022 (Gmt+09:00)
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Corporate investment
SK to build first chip packaging plant in US with $22 bn investment
WASHINGTON DC – SK Group, South Korea’s second-largest conglomerate, said on Wednesday it will build its first memory chip packaging fac...
Jul 27, 2022 (Gmt+09:00)
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Batteries
LG Energy, China’s Huayou Cobalt to build battery recycling joint venture
South Korea’s top battery maker LG Energy Solution Ltd. and China’s mining company Zhejiang Huayou Cobalt Co. have agreed to launch a ba...
Jul 26, 2022 (Gmt+09:00)
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Carbon neutrality
Soaring renewable energy costs haunt top Korean firms
Major South Korean conglomerates are stepping up efforts to switch to renewable energy, driving their electricity costs sharply higher amid low supp...
Jul 26, 2022 (Gmt+09:00)
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Automobiles
LG Energy to double Ford battery pack production line in Poland
LG Energy Solution Ltd., SK Innovation Co., and other South Korean companies are poised to strengthen their business ties with Michigan-based Ford M...
Jul 22, 2022 (Gmt+09:00)
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Cloud computing
SK, Naver to launch cloud services for Korean public institutions
South Korea’s leading cloud computing and software services providers are slated to join forces to launch a service for smart working in Korea...
Jul 21, 2022 (Gmt+09:00)
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Carbon neutrality
Korean DL E&C to enter SMR biz with Canada’s Terrestrial
South Korea’s construction company DL E&C Co. is set to make inroads into the small modular reactor (SMR) business for future growth ...
Jul 21, 2022 (Gmt+09:00)
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Mergers & Acquisitions
POSCO Int'l tipped to merge with affiliated LNG terminal firm
POSCO International Co., a South Korean trading company, has embarked on a merger with its affiliate POSCO Energy Co. as their parent group is seeki...
Jul 20, 2022 (Gmt+09:00)
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Korean chipmakers
SK Hynix puts $3.3 billion factory plan on hold amid global uncertainty
SK Hynix Inc., the world’s second-largest memory chipmaker, has decided to hold off on a 4.3 trillion won ($3.3 billion) plan to build a new N...
Jul 20, 2022 (Gmt+09:00)
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Electronics
Patents, LG Elec.’s legacy from smartphone business
LG Electronics Inc., the global home appliance leader, is targeting the quickly growing global earbuds market with new products based on technologie...
Jul 19, 2022 (Gmt+09:00)
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ESG
LG Uplus aims to recycle 100% of industrial waste in 3 years
LG Uplus Corp. announced it will recycle 100% of industrial waste from its plants by 2025.The mobile network arm of LG Corp. published a report titl...
Jul 18, 2022 (Gmt+09:00)
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Tech, Media & Telecom
LG to accelerate foray into WebOS TV platform market
South Korea’s LG Electronics Inc., the world’s second-largest TV manufacturer, is aiming for a tenfold increase in the number of TV vend...
Jul 11, 2022 (Gmt+09:00)
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Carbon neutrality
Hyundai Mobis to power all plants with 100% renewable energy by 2040
Automobile companies’ carbon-neutral activities often result in developing and producing eco-friendly vehicles such as electric vehicles and h...
Jul 11, 2022 (Gmt+09:00)
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Korean startups
Hansol Paper joins Series A funding for RIU worth $1.5 mn
Hansol Paper Co. announced Thursday that it participated as a strategic investor in a Series A funding worth 2 billion won ($1.5 million) for South ...
Jul 08, 2022 (Gmt+09:00)
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Earnings
LG Elec. profit down on costs; automotive biz back in the black
LG Electronics Inc., the global home appliance maker, suffered a lower profit in the second quarter on the back of rising commodity and logistics co...
Jul 07, 2022 (Gmt+09:00)
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Batteries
LG Energy to supply $765 million batteries to Japan’s Isuzu Motors
LG Energy Solution Ltd., one of the world’s leading battery makers, has agreed to supply its cylindrical batteries to Isuzu Motors Ltd., Japan...
Jul 05, 2022 (Gmt+09:00)
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Carbon neutrality
SK E&S to launch London office in view of growth opportunities in Europe
SK E&S Co., the natural gas business unit of South Korea’s SK Group, is preparing to open a business office in London as it sees growth op...
Jul 04, 2022 (Gmt+09:00)
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Batteries
LG Energy surrenders No. 2 EV battery position to BYD
LG Energy Solution Ltd., South Korea’s leading battery maker, gave up its second-largest position in the global electric vehicle cell market...
Jul 04, 2022 (Gmt+09:00)
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Energy
Hyundai Motor scraps LNG plant construction plan
Hyundai Motor Co. has scrapped a plan to build a liquefied natural gas (LNG)-fueled plant to power its main production lines in South Korea due to a...
Jul 01, 2022 (Gmt+09:00)
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Electronics
LG Elec.-SM Ent. tie up to challenge Apple Fitness+
LG Electronics Inc. and SM Entertainment Co., South Korea’s giants in the home appliances and entertainment sectors, joined hands in the home ...
Jul 01, 2022 (Gmt+09:00)
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Energy
Doosan Enerbility, Siemens' affiliate sign MOU for wind power business
Doosan Enerbility Co. announced Sunday it has signed an initial memorandum of understanding (MOU) with Siemens Gamesa Renewable Energy S.A. (SGRE) i...
Jun 27, 2022 (Gmt+09:00)
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Energy
SK Ecoplant to inject $100 mn in Korean solar energy firm Topsun
South Korea's top waste management company SK Ecoplant Co., a unit of conglomerate SK Inc., is slated to complete talks to invest 130 billion won ($...
Jun 23, 2022 (Gmt+09:00)
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Energy
Petrochem firms to fuel plants with self-supplied power
South Korea’s petrochemical companies will build power plants for the first time in their history to meet their rising energy needs on a stabl...
Jun 23, 2022 (Gmt+09:00)
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Electronics
LG Elec looks to pluck AI talent from Amazon, Microsoft
LG Electronics Inc.’s artificial intelligence head Lee Hyun-chul flew to Seattle this week to lure AI talent from Microsoft Corp. and Amazon.c...
Jun 17, 2022 (Gmt+09:00)
Latest News
- 1 Coupang bids for Korean luxury market dominance with Farfetch
- 2 Hyundai Rotem set to finalize $6 bn K2 tank order from Poland
- 3 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 4 Korea to allow non-profits to buy bad consumer loans
- 5 LG to drive future growth in emerging markets with battery prowess