Samsung to deepen foray in US HVAC market with Lennox

Samsung Electronics Co. will set up a heating, ventilation and air conditioning (HVAC) joint venture with Lennox International Inc., a major US HVAC...

SK On invests in Yuilrobotics for its US battery plants

SK On Co., the world’s fifth-largest electric vehicle battery producer, is slated to invest in South Korean robot automation system developer ...

Korea Inc.’s AI executives double with LG Group leading the pack

The number of executive-level artificial intelligence (AI) specialists at South Korea’s 30 largest conglomerates has more than doubled in the ...

Korea’s Shinsegae building unit to raise $478 mn to cut debts

South Korean retail giant Shinsegae Group’s building unit, suffering amid difficulties in the local real estate project financing sector, is s...

South Korea steps on accelerator for record 2024 car exports

ASAN, South Chungcheong Province – At Hyundai Motor Co.'s manufacturing plant in Asan, over 60 km south of Seoul, thousands of robots were bus...

Korea intensifies rules on CB conversion price adjustment

South Korea will strengthen regulations on the conversion prices of convertible bonds (CBs) to protect stakeholders from excessive share dilution, t...

SK Hynix: More room for share price rise after bull run

SK Hynix Inc.'s market value broke through the roof to top 150 trillion won ($110 billion) on Monday, becoming the second stock in South Korea to re...

Samsung Bioepis leads in Soliris biosimilar market in Europe

STOCKHOLM – Samsung Bioepis Co.'s biosimilar to Soliris for the treatment of patients with rare, life-threatening disease paroxysmal nocturnal...

HS Ad unveils LG Uplus ad created by 100% AI

South Korea's HS Ad Inc., an advertising agency affiliated with LG Group, announced on Monday that it launched LG Uplus Corp. 's brand advertising...

Kolon Global inks Korea’s 1st private wind power supply deal

Kolon Global Corp., the leading South Korean wind farm developer, signed the country’s first private wind power supply deal with local compani...

Korean AI startups yet to join global unicorn club

The number of artificial intelligence unicorns has been on the rise thanks to the AI boom, but none of these South Korean AI startups have yet to jo...

GS25 opens 300th store in Vietnam

South Korean convenience store chain GS25 said on Sunday that it opened its 300th store in Vietnam. This is the milestone since it entered th...

Seaweed, dubbed ‘Korea’s black semiconductor,’ powers its economy

Dried seaweed, widely used to make kimbap, or seaweed-wrapped rice rolls, is often referred to as the “black semiconductor” in South Kor...

Kolon to invest additional $9 million in ride-hailing Papa Mobility

South Korea’s Kolon Group plans to invest an additional 12.4 billion won ($9.1 million) in Papa Mobility Co., bringing its total investment in...

Handok gets Biocon's obesity drug exclusive distribution in S.Korea

South Korean pharmaceutical company Handok Inc. announced on Friday that it signed an exclusive domestic sales and distribution agreement with India...

Unlocking value in the Australian energy transition: QIC

Australia is primed to stand at the forefront of the global energy transition, boasting abundant solar and wind capacity, alongside substantial rese...

HD Hyundai, Shell to develop liquefied hydrogen carrier

HD Hyundai Co., a South Korean shipbuilding and machinery conglomerate, announced on Friday that it will collaborate with global energy compa...

US cosmetics brand Bath & Body Works enters S.Korea

The US-based cosmetics brand Bath & Body Works, renowned for its diverse lineup of over 250 fragrances, enters the South Korean market. Shi...

Kia premieres EV3 to boost global electrification push

Kia Corp., South Korea’s second-largest automaker, on Thursday premiered the EV3, its low-cost electric sport utility vehicle (SUV), to reboot...

Hyundai Infracore, Doosan Bobcat agree to product cross-selling in US

South Korea’s two leading construction machinery makers HD Hyundai Infracore Co. and Doosan Bobcat Inc. on Thursday agreed to the cross-sellin...

LG targets India’s edtech market with interactive whiteboards

LG Electronics Inc. is acclerating its foray into India’s business-to-business (B2B) market, zooming in on the country’s rapidly-growing...

World’s No.1 magnet wire maker SPSX mulls Korean IPO

Superior Essex Inc. (SPSX), the world’s top magnet wire provider under South Korea’s LS Group, is mulling an initial public offering in ...

South Korea pledges $19 billion support package to revitalize chip sector

South Korea, home to the world’s two largest memory chipmakers Samsung Electronics Co. and SK Hynix Inc., has unveiled a record 26 trillion wo...

Korea Eximbank provides $1 bn in PF for Saudi Amiral project

The Export-Import Bank of Korea (Eximbank) announced on Thursday that it will provide $1 billion in project financing for the Amiral petrochemical f...

LG CNS' marketing platform MOP surpasses 800 corporate customers

South Korea’s LG CNS Co., a cloud computing services arm of LG Corp., announced on Thursday that its Marketing Optimization Platform (MOP), la...

Japan’s Toray to spend $366 mn on Korean capacity expansion

Japan’s Toray Industries Inc., the leading global carbon textile manufacturer, plans to spend 500 billion won ($366.3 million) to expand eco-f...

Samsung to unveil QLC-based NAND in H2 to lead AI storage market

Samsung Electronics Co., the world’s largest memory chipmaker, plans to unveil a new high-capacity NAND memory chip in the second half to lead...

Korea Investment to expand CLO portfolio with Anchorage Capital

Korea Investment & Securities Co. will scale up its collateralized loan obligation (CLO) business with New York-based investment firm Anchorage ...

POBA favors data centers, senior housing in Europe: CIO

South Korea’s Public Officials Benefit Association (POBA), a retirement fund with assets under management (AUM) of 26 trillion won ($19.1 bill...

HD Hyundai Marine Solution builds ship smartcare center in Busan

South Korea's HD Hyundai Marine Solution Co. established an HD SmartCare Busan Center for ship lifecycle management services and begun full-scale op...