POSCO affiliates’ shares surge; market cap rises threefold in 5 years

Shares of POSCO Group affiliates are flying high with the steelmaker rapidly transforming into a battery materials manufacturer, riding the industry...

SK E&S opens representative office in Vietnam

South Korea's renewable energy company SK E&S is speeding up the expansion of its global eco-friendly power generation business by opening a rep...

SK Broadband names SK Shieldus' ex-CEO Park its new chief

South Korea’s internet service provider SK Broadband Co. said on Friday it has tapped Park Jin-hyo, former chief executive at security affilia...

NKMax to supply health functional food to Chinese company

South Korean natural killer cell drug maker NKMax Co. announced in a regulatory filing on Friday that it has signed a supply contract with China's S...

SK Networks to acquire data management company en-core

SK Networks Co., a South Korean trading company, will acquire en-core, a data solutions and consulting firm. The strategy is aimed at strengthening ...

Why do so many S.Korean innovators bow out following success?

Bernard Arnault, chairman and CEO of the global luxury goods leader LVMH Moët Hennessy Louis Vuitton, is well known for sporting a full head of...

SM Group to buy HMM but not for over $3.5 bn: SM Chair Woo

SM Group has enough financial ammunition to buy the country’s No. 1 container shipping line HMM Co. but would not join the bid for the latter&...

LG unveils upgraded hyperscale AI for future businesses

LG Group, South Korea’s fourth-biggest conglomerate, on Wednesday introduced an upgraded hyperscale AI to be used for its future growth engine...

Lotte Group's Shin stresses unlearning as key to innovation

Disregarding existing ways and being open to new opportunities are challenging in South Korea’s large conglomerates, where a strict corporate ...

Lotte Chemical, DL Energy team up to produce renewable energy

South Korea’s Lotte Chemical Corp. and DL Energy have joined forces to spread carbon neutrality and environmental, social and governance (ESG)...

K-Pop music album exports hit record high in H1 2023

South Korea's K-pop music album exports achieved a new all-time record in the first half of this year, with shipments to the US rising to second p...

Blackpink YouTube exceeds 90 mn subscribers

K-pop girl group Blackpink's official YouTube channel subscribers surpassed 90 million on July 17 at 5:36 a.m., according to YG Entertainment Inc.Th...

Nongshim, the ‘Parasite’ food maker, aims big in US

Nongshim Co., South Korea’s largest instant noodle maker, is a beneficiary of the success of the Oscar-winning film Parasite as well as the ou...

American patent trolls target S.Korean companies

Over 80% of American companies that sued South Korean companies for patent infringement last year were non-practicing entities (NPE), or “pate...

Samsung C&T invests $7.5 mn in Canadian low-carbon concrete firm

South Korea's Samsung C&T Corp. announced on Wednesday that it has decided to invest $7.5 million (9.8 billion won) in CarbonCure Technologies I...

Samsung Electro-Mechanics joins global supply chain consortium RBA

Samsung Electro-Mechanics, South Korean electronic components maker, has joined the Responsible Business Alliance (RBA) and Drive+, two global conso...

KT expands healthcare business in Vietnam

South Korea’s telecom service provider KT Corp. has recently organized a collaborative seminar on digital health alongside Hanoi Medical Unive...

S.Korea’s petrochemical players boost plastic container recycling

South Korea's major petrochemical companies have entered the sector for 100% recycled plastic containers through cooperation with food and cosmetics...

S.Korea to launch K-Ricebelt project in Africa

South Korea has launched an official development assistance (ODA) project for a "K-Ricebelt" to produce rice for 30 million people every year in Afr...

S.Korea’s SKC seeks to sell fine ceramic business for $307 mn

SKC Ltd., a South Korean chemicals maker, is seeking to sell its fine ceramic business for an estimated 400 billion won ($307 million) as the unit o...

Ad-tech unicorn Moloco’s endeavor to unlock potential continues

SILICON VALLEY – Moloco Inc., a Silicon Valley-based ad-tech solution startup valued at more than $2 billion, is dreaming big to become a vers...

CJ CheilJedang simplifies organizational structure in global push

CJ CheilJedang Corp., the South Korean food giant with more than 200 operations worldwide, has streamlined its organizational structure to facilitat...

HK inno.N releases new drug for GERD in Indonesia

South Korean bio-health company HK inno.N Corporation's new drug for gastroesophageal reflux disease (GERD) K-CAB has been officially launched in In...

SKC acquires 45% stake in chip test firm ISC for $400 million

SKC Ltd., a South Korean chemical materials company, said on Friday it has acquired a 45% stake in semiconductor test equipment maker ISC Co., for 5...

POSCO Int'l to build 1.26 mn tons of green hydrogen infrastructure by 2035

South Korea's largest trading company POSCO International revealed on Friday its strategy to establish a green hydrogen supply infrastructure with...

Hyundai-LG’s Indonesia battery financing chosen as Asia deal of 2022

The $711 million financing organized by Hyundai Motor Co. and LG Energy Solution Ltd. last year for their battery joint venture in Indonesia has bee...

LG Electronics sets up 1st global R&D center in Indonesia

South Korean home appliance giant LG Electronics Inc. opened its first overseas research and development center in Indonesia on Thursday to accelera...

SGC Group slapped with over $7.7 mn fine for unfair internal trade

The Fair Trade Commission (FTC) has imposed a fine of more than 10 billion won ($7.7 million) on SGC Group companies for unfair internal transaction...

S.Korea's E-mart24 opens 3rd branch in Singapore

South Korea’s convenience store chain E-mart24 has opened its third store in Singapore featuring the city-state's hawker culture, aiming for l...

NPS buys more Hyosung Heavy Industries, LS Electric shares in Q2

National Pension Service (NPS) of South Korea increased investments in local machinery, shipbuilding and semiconductor stocks in the second quarter ...