Korean construction firms boost Saudi Arabia presence with megaprojects
RIYADH – South Korean firms are accelerating their efforts to win construction projects from Saudi Arabia as the Middle East’s largest e...
Hyundai E&C unveils 1st designs for Korean-made UAM vertiports
South Korea's Hyundai Construction and Engineering (E&C) has unveiled for the first time its concept designs for the urban air mobility (UAM) in...
Hyundai Mobis to build $69 mn integrated logistics center in Korea
South Korea’s largest auto parts maker Hyundai Mobis Co. said on Thursday it will spend 94.8 billion won ($69 million) to build an integrated ...
KT to invest $2 million in US voice biomarker developer
KT Corp., a South Korean telecommunications giant, plans to invest $2 million in Sonde Health Inc., a US voice biomarker developer, to enhance the c...
Lotte Chemical posts deficit for second straight quarter
Lotte Chemical on Tuesday announced that it suffered 423.9 billion won ($308 million) in operating loss on a consolidated basis in the third quarter...
Hyundai, China’s CICC in initial deal for commercial vehicle business
South Korea’s Hyundai Motor Co. said on Tuesday it has partnered with China International Capital Corp. (CICC), China’s largest investme...
CJ CheilJedang to strengthen R&D for bio and healthcare businesses
CJ Corp. announced it will strengthen its research and development (R&D) efforts in the bio and healthcare sectors. CJ CheilJedang Corp. ...
Hanwha E&C to expand offshore wind power business
South Korea's Hanwha Engineering and Construction (E&C) on Tuesday concluded a business agreement on joint development of offshore wind power in...
Falling Korea current account surplus heightens economic woes
South Korea’s current account surplus has shrunk on falling exports, adding to concerns over a slowdown in Asia’s fourth-largest economy...
Aekyung Chemical develops 1st domestically made refrigeration lubricant
Korea's Aekyung Chemical, an affiliate of Aekyung Group, along with GS Caltex, has made the nation's first localized refrigeration lubricant in line...
Intensify 'friend-shoring' to boost foreign direct investment: Baldwin
Global businesses are forecast to suffer supply chain disruptions next year amid worsening geopolitical risk, such as the Russia-Ukraine war and pro...
LG Electronics to support partners’ efforts to strengthen cybersecurity
LG Electronics Inc., one of South Korea’s leading home appliance makers, said on Monday it will help its business partners strengthen their cy...
Samsung Biologics in CDO deal talks with global pharma firm
FRANKFURT – Samsung Biologics Co., the world’s largest contract drugmaker, is in talks to develop medicines for a global pharmaceutical ...
SK Nexilis bolsters ties with Polish, Korean cities for sustainable growth
South Korean copper foil producer SK Nexilis Co. on Nov. 7 signed an MOU with the authorities of two cities — Jeongeup, Korea, and Stalowa Wol...
Korea Inc. accumulates cash as economic downturn deepens
South Korean companies, led by the country’s most valuable firm Samsung Electronics Co., have rushed to accumulate cash as interest rates kept...
Lotte Mart bulks up in SE Asia to make up for China failure
Indonesia was the destination for Lotte Group Chairman Shin Dong-bin’s first overseas business trip in August, after being granted a special p...
S.Korea's shipbuilding order volume to plummet next year: report
South Korea's shipbuilders fear seeing their orders next year plummet by over 40% on-year due to disruptions in related financing amid surging inter...
Samsung fast-forwards digital transformation of its chip business
South Korea's Samsung Electronics Co., the world’s largest memory chipmaker, is accelerating its digital shift to better respond to the changi...
S.Korea's LS Cable to become KT Submarine's largest shareholder
South Korea’s leading cable manufacturer LS Cable & System Ltd. is poised to become the largest shareholder of undersea cable construction...
Korea, Hyundai Motor request 3-year reprieve on US EV tax credit law
The South Korean government and the country’s top automaker Hyundai Motor Co. have requested the US government give Korean carmakers a three-y...
SK IE Technology to embark on non-deal roadshow in Hog Kong, Singapore
SK IE Technology Co. (SKIET), a unit of South Korea’s energy and battery maker SK Innovation Co., said on Friday it is embarking on a non-deal...
Korea's LS Electric, Thai SCG to cooperate on smart factory
South Korea’s leading automation equipment maker LS Electric Co. and Thailand’s construction and chemical conglomerate Siam Cement Group...
Hyundai Heavy to invest $30 million in TerraPower for SMR business
South Korea’s Hyundai Heavy Industries Group said on Friday it has signed a deal to invest $30 million in TerraPower, a US nuclear power ventu...
SK Chair Chey advises startups to address social issues for viability
In an event that marked the 10-year anniversary of startup accelerator SparkLabs, South Korean business magnate Chey Tae-won said now is the time fo...
Korean LED maker marks 100th victory in global patent wars
Seoul Semiconductor Co., the world’s second-largest light-emitting diode (LED) display maker, won a patent lawsuit in Germany, setting a recor...
Hyundai Oilbank extends US fuel export deal with Sunoco
Hyundai Oilbank Co. extended a deal with US independent fuel distributor Sunoco LP to export petroleum products to Hawaii as the South Korean refine...
LG Electronics, 6 stellar startups to jointly develop B2B growth engines
LG Electronics will team up with promising startups to discover and develop new growth engines for business-to-business (B2B) operations. LG Electro...
KT&G taps top-tier law firm to defend itself against shareholder activism
KT&G Corp., the world’s fifth-largest tobacco maker, has appointed South Korea’s top-tier law firm Kim & Chang to take action ag...
Market Kurly drops Market from platform name to expand business scope
South Korea’s Kurly Inc. has changed the name of its grocery delivery service platform Market Kurly to Kurly as part of its corporate strategy...
Hyundai, Kia post record hybrid vehicle sales in US in October
Hyundai Motor Co. and Kia Corp., which are gradually increasing their presence in the US market, saw their hybrid vehicle sales reach an all-time hi...
