Samsung Group CEOs drum up support for Busan Expo 2030

Samsung Group CEOs drum up support for Busan Expo 2030

Samsung Group affiliates’ CEOs are working to bring the World Expo 2030 to Busan in South Korea using their overseas networks. Samsung Electro...

Samsung Biologics, Samsung C&T extends investment in US biotech firms

Samsung Biologics, Samsung C&T extends investment in US biotech firms

The Life Science Fund, jointly launched by Samsung Biologics and Samsung C&T Corp., announced Wednesday it invested $15 million in US biotech fi...

LG CNS posts double-digit profit growth ahead of 2023 IPO

LG CNS posts double-digit profit growth ahead of 2023 IPO

South Korea's largest cloud computing service provider LG CNS Co. on Tuesday reported double-digit growth in both profit and revenue in the second q...

SK Group invests $250 mn in Bill Gates’ nuclear reactor firm TerraPower

SK Group invests $250 mn in Bill Gates’ nuclear reactor firm TerraPower

South Korea’s SK Group said on Monday it invested $250 million in TerraPower, a US venture founded by billionaire Bill Gates. The holdi...

Hyundai Motor Group rises to world’s third-largest automaker

 Hyundai Motor Group rises to world’s third-largest automaker

South Korea’s largest automaker Hyundai Motor Group ranked third in global car sales in the first half, its highest-ever ranking in terms of v...

Samsung Group to speed up corporate governance reform

Samsung Group to speed up corporate governance reform

Samsung Group, South Korea’s largest conglomerate, is expected to accelerate the restructuring of its corporate governance to help Vice Chairm...

Samsung Electronics to announce plans to join RE100 Initiative

Samsung Electronics to announce plans to join RE100 Initiative

Samsung Electronics Co., the world’s largest smartphone and memory chipmaker, will soon join The Climate Group’s RE100 Initiative as the...

Foldable smartphones will go mainstream at Samsung: Mobile chief

Foldable smartphones will go mainstream at Samsung: Mobile chief

NEW YORK – Samsung Electronics Co. has vowed to make foldable smartphones its mainstream products in the high-end segment, setting its sales t...

LG Group to launch AI education programs for teenagers

LG Group to launch AI education programs for teenagers

South Korea’s LG Group will include teenagers in its mid- to long-term project to nurture artificial intelligence talent, as AI technology is ...

Mobility platform Socar slashes price to push ahead with IPO

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 ...

Lotte Chilsung to tie up with startups for vegan drinks

Lotte Chilsung to tie up with startups for vegan drinks

South Korea’s Lotte Chilsung Beverage Co. is set to start the vegan business along with local startups as veganism, or the practice of abstain...

Naver Band celebrates 10-year anniversary, over 6.1 billion posts

Naver Band celebrates 10-year anniversary, over 6.1 billion posts

South Korea’s tech juggernaut Naver Corp. announced Monday that its Naver Band celebrates 10 years in service with more than 156 million app d...

SK subsidary to supply EV battery materials to Vietnam's Vingroup

SK subsidary to supply EV battery materials to Vietnam's Vingroup

SK IE Technology Co. (SKIET) secured battery separator orders from Vietnam’s No. 1 conglomerate Vingroup, in the latter's push to expand into ...

Kakao to bolster open chat, ad services for growth

Kakao to bolster open chat, ad services for growth

South Korea’s leading online platform operator Kakao Corp. on Thursday unveiled plans to bolster its open chat and advertising businesses to a...

Hyundai Mobis steps up future mobility business

Hyundai Mobis steps up future mobility business

Hyundai Mobis Co., South Korea’s largest auto parts maker, is accelerating its future mobility businesses as well as intensifying open innovat...

SK Telecom launches NFT marketplace open beta service

SK Telecom launches NFT marketplace open beta service

South Korea’s top mobile carrier SK Telecom Co. launched an open beta service of its non-fungible tokens (NFTs) marketplace TopPort as the com...

Infineon chip flaws to disrupt IONIQ 5 EV production

Infineon chip flaws to disrupt IONIQ 5 EV production

Hyundai Motor Co. is highly likely to suffer a further production delay for its all-electric crossover IONIQ 5 after South Korean industry sources s...

Korea’s top beauty chain CJ Olive Young puts IPO on hold

Korea’s top beauty chain CJ Olive Young puts IPO on hold

CJ Olive Young, South Korea’s top beauty store chain, has suspended its process to seek a stock market listing, becoming the latest major loca...

New Delhi blocks Krafton’s Battle Ground Mobile India

New Delhi blocks Krafton’s Battle Ground Mobile India

The Indian government has ordered the country’s Alphabet Inc.'s Google Play Store and Apple Inc.’s App Store to delete South Korean ga...

Hyundai Motor to buy Korean self-driving startup 42dot

Hyundai Motor to buy Korean self-driving startup 42dot

South Korea’s top carmaker Hyundai Motor Group is set to purchase autonomous driving startup 42dot, intensifying the automaker’s competi...

POSCO, Krakatau to expand Indonesia steel mill for $3.5 bn

POSCO, Krakatau to expand Indonesia steel mill for $3.5 bn

South Korea’s POSCO Group and Indonesia’s state-run Krakatau Steel plan to jointly invest $3.5 billion in building a blast furnace and a...

SK Chem to build plastic recycling plants in China

SK Chem to build plastic recycling plants in China

SK Chemicals Co. plans to build plastic recycling plants in China in partnership with a Chinese eco-friendly materials supplier as its parent SK Gro...

Korea's top mobile game Odin creator Lionheart eyes IPO in H2

Korea's top mobile game Odin creator Lionheart eyes IPO in H2

Lionheart Studio Corp., South Korea’s leading game developer behind the mobile game Odin, has begun the process to go public with its July 22 ...

POSCO Holdings Q2 profit down on higher raw material costs

POSCO Holdings Q2 profit down on higher raw material costs

POSCO Holdings Inc., the holding company of South Korea’s steel giant, reported a lower profit in the second quarter on rising raw material pr...

Samsung SDI to build new battery plant in Malaysia by 2025

Samsung SDI to build new battery plant in Malaysia by 2025

South Korea’s battery manufacturer Samsung SDI Co. held a groundbreaking ceremony for Plant 2 to make cylindrical batteries in Seremban, Mal...

Kolon Global to spin off auto unit, eyes Kolon Mobility IPO in 2023

Kolon Global to spin off auto unit, eyes Kolon Mobility IPO in 2023

Kolon Global Corp., an affiliate of South Korean conglomerate Kolon, will spin off its car import business unit to improve management efficiency and...

POSCO Int'l tipped to merge with affiliated LNG terminal firm

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...

DigitalBridge names Korean Tae Ahn as Asia capital formation head

DigitalBridge names Korean Tae Ahn as Asia capital formation head

DigitalBridge Group Inc., a US digital infrastructure investment firm, announced on July 19 it has appointed South Korean Tae E. Ahn as managing d...

Patents, LG Elec.’s legacy from smartphone business

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...

Seoul to lure visitors with themed tours, video featuring BTS

Seoul to lure visitors with themed tours, video featuring BTS

Seoul, the capital of South Korea, is kickstarting efforts to attract foreign visitors with new tour programs and a promotional video featuring the ...

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 Allianz-backed Koh Young’s brain surgery robot set for US debut by end-August