LG to slim down petrochem as Chinese rivals creep up

LG to slim down petrochem as Chinese rivals creep up

South Korea’s LG Chem Ltd. is speeding up restructuring efforts to sell or downsize uncompetitive businesses, with an aim to focus on three gr...

Hyundai, KTC jointly open EV charging quality assurance center

Hyundai, KTC jointly open EV charging quality assurance center

Hyundai Motor Group announced on Monday that it held an opening ceremony for the Electric Vehicle Charging Infrastructure Quality Verification Cente...

Hyundai Motor's Genesis delivers Korean luxury to Europe

Hyundai Motor's Genesis delivers Korean luxury to Europe

MUNICH – It is always challenging to bring a lesser-known car marque to Europe, home to well-established, globally known brands such as Merced...

S.Korea's Daesang acquires US food company Lucky Foods

S.Korea's Daesang acquires US food company Lucky Foods

Daesang Corporation, a South Korean manufacturer of food and pharmaceutical ingredients, announced on Monday that it has acquired the US food compan...

Hyundai Glovis acquires logistics automation SW company Altiall

Hyundai Glovis acquires logistics automation SW company Altiall

South Korea's leading logistics company Hyundai Glovis Co. announced on Monday that it has signed a stock purchase agreement related to the acquisit...

POSCO to raise steel plant safety with robots

POSCO to raise steel plant safety with robots

POSCO Research Institute, a think tank under South Korea’s top steelmaker POSCO Group, on Sunday said it signed an agreement with Withrobot an...

POSCO-led consortium wins $6.7 bn green hydrogen deal from Oman

POSCO-led consortium wins $6.7 bn green hydrogen deal from Oman

A consortium led by South Korean steelmaker POSCO Group won a $6.7 billion deal to build the world’s largest green hydrogen plant in Duqm, a p...

Vertex Ventures US upbeat for data startups

Vertex Ventures US upbeat for data startups

The healthcare, manufacturing, mobility and retail sectors were slower to adopt digital technologies than the telecom and e-commerce industries in...

CJ Logistics, Evergreen sign agreement for logistics cooperation

CJ Logistics, Evergreen sign agreement for logistics cooperation

South Korea's CJ Logistics has entered into mutual cooperation with the Taiwan-based global shipping company Evergreen Marine Corporation for the ...

S.Korea’s Enchem to build lithium salt plant in Saemangeum

S.Korea’s Enchem to build lithium salt plant in Saemangeum

Enchem Co., South Korea’s top electrolyte manufacturer, on Thursday announced the investment of 600.5 billion won ($473.5 million) to build ...

SK Biopharm’s Cenobamate gets nod in Canada, to boost US sales

SK Biopharm’s Cenobamate gets nod in Canada, to boost US sales

South Korea’s SK Biopharmaceuticals Co. has obtained the sales approval for its antiepileptic treatment Cenobamate in Canada, paving the way f...

Celltrion wins phase 3 IND approval for Ocrevus biosimilar in US

Celltrion wins phase 3 IND approval for Ocrevus biosimilar in US

South Korea's biopharmaceutical company Celltrion Inc. announced that it received on Thursday approval from the US Food and Drug Administration (FDA...

Hyundai invests $781 mn in startups to drive future innovation growth

Hyundai invests $781 mn in startups to drive future innovation growth

Hyundai Motor Group's open innovation investment in domestic and foreign startups in fields like mobility and artificial intelligence (AI) has excee...

HD Hyundai to participate in Ukraine reconstruction project

HD Hyundai to participate in Ukraine reconstruction project

South Korea's HD Hyundai Construction Equipment Co., the industrial affiliate of HD Hyundai Co., said on Thursday that it held discussions with Ukra...

LG, Samsung showcase new battery packs at InterBattery Europe 2023

LG, Samsung showcase new battery packs at InterBattery Europe 2023

MUNICH – South Korea’s two leading battery makers – LG Energy Solution Ltd. and Samsung SDI Co. – on Wednesday unveiled low-...

Korea’s Samyang opens $22 mn surgical suture plant in Hungary

Korea’s Samyang opens $22 mn surgical suture plant in Hungary

Samyang Holdings Corp., the world’s top biodegradable suture yarn manufacturer, completed the construction of a 28 billion won ($21.9 million)...

Hyundai Rotem reveals actual product of hydrogen-powered train

Hyundai Rotem reveals actual product of hydrogen-powered train

Hyundai Rotem, a South Korean railway system maker under Hyundai Motor Group, participated in the largest domestic railway exhibition to showcase ad...

Hyundai Vietnam Shipbuilding’s cumulative orders near 200 vessels

Hyundai Vietnam Shipbuilding’s cumulative orders near 200 vessels

Hyundai Vietnam Shipbuilding Co., a unit of South Korean shipbuilding, oil refining and machinery conglomerate HD Hyundai, announced on Wednesday th...

Hyundai Group chief calls on PE firm help to defend against Schindler

Hyundai Group chief calls on PE firm help to defend against Schindler

South Korea’s conglomerate Hyundai Group Chairwoman Hyun Jeong-eun is seeking money from a local private equity firm to defend the management ...

STX to promote lithium business with Chinese company

STX to promote lithium business with Chinese company

South Korea's general trading company STX announced on Wednesday its plans to accelerate its lithium business with a leading Chinese lithium produce...

Samsung SDI, GM to build JV plant for EV batteries in Indiana

Samsung SDI, GM to build JV plant for EV batteries in Indiana

South Korea's major secondary battery maker Samsung SDI Co. and General Motors (GM) of the US will set up a joint venture (JV) plant for electric ve...

S.Korea launches its first offshore wind installation vessel

S.Korea launches its first offshore wind installation vessel

Hyundai Engineering & Steel Industries launched South Korea's premier offshore wind installation vessel, the Hyundai Frontier, on Tuesday. This ...

POSCO breaks ground on lithium hydroxide plant in S.Korea

POSCO breaks ground on lithium hydroxide plant in S.Korea

POSCO Holdings Inc., the holding company of the world’s sixth-largest steel maker,held a groundbreaking ceremony on Tuesday to mark the commen...

Enemies at the door: Copycat Samsung plant in China

Enemies at the door: Copycat Samsung plant in China

As Samsung Electronics Co. endeavors to cement its leadership in the semiconductor market, so its competitors are pulling out all the stops to toppl...

Goldman Sachs slashes Korean cathode stock targets; market ignores

Goldman Sachs slashes Korean cathode stock targets; market ignores

Goldman Sachs Group Inc. has slashed the target prices of South Korean top cathode stocks, namely EcoPro BM Co. and POSCO Future M Co., by nearly ha...

LG Uplus, Hyundai Elevator to launch AI-based management service

LG Uplus, Hyundai Elevator to launch AI-based management service

LG Uplus Corp. on Monday said it released Miri View, an artificial intelligence (AI)-based elevator passenger safety system developed with Hyundai E...

Hanwha Ocean's hiring shows shipbuilding's competition for talent

Hanwha Ocean's hiring shows shipbuilding's competition for talent

South Korea's Hanwha Ocean Co., formerly Daewoo Shipbuilding & Marine Engineering Co. (DSME), is showing the intense hiring battle in shipbuildi...

Hyundai Motor to collect $5.9 bn in dividends from abroad for EV push

Hyundai Motor to collect $5.9 bn in dividends from abroad for EV push

Hyundai Motor Group’s overseas subsidiaries will repatriate $5.9 billion in dividends in total to their parent in South Korea this year to hel...

Samsung Heavy to establish R&D center in Busan

Samsung Heavy to establish R&D center in Busan

Samsung Heavy Industries is pushing forward with the establishment of a research and development (R&D) center in Busan. This move is part of the...

Samsung Bioepis to enhance biosimilar presence with Epysqli

Samsung Bioepis to enhance biosimilar presence with Epysqli

FRANKFURT – Samsung Bioepis Co., a biopharmaceutical unit of South Korea’s top conglomerate Samsung, is looking to gain ground in the ra...

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