SeAH set for record earnings on steel supercycle, offshore wind projects

SeAH set for record earnings on steel supercycle, offshore wind projects

SeAH Group, a South Korean mid-size special steel conglomerate, is set to post record earnings this year on the back of the global steel supercycle ...

SK E&S in talks to sell ESS, solar energy projects

SK E&S in talks to sell ESS, solar energy projects

SK E&S Co. is in talks with a number of private equity firms and financial investors to sell energy storage systems (ESS) and solar energy devel...

LG overtakes Whirlpool as top home appliance maker after strong Q3

LG overtakes Whirlpool as top home appliance maker after strong Q3

LG Electronics Inc. has overtaken bigger home appliance rival Whirlpool Corp. after posting record quarterly sales, comfortably putting it on course...

LG Chem to set up separator JV in Hungary with Toray of Japan

LG Chem to set up separator JV in Hungary with Toray of Japan

LG Chem Ltd., South Korea’s top chemical maker, has agreed to set up a joint venture with Japan’s Toray Industries Inc. for the producti...

KIC to raise alternative investments to 25% by 2027

KIC to raise alternative investments to 25% by 2027

Korea Investment Corp. (KIC) plans to increase alternative investments to a quarter of its portfolio by 2027 from the current 16%, its CEO Jin Seoun...

POSCO Chem to supply materials to Morrow Batteries

POSCO Chem to supply materials to Morrow Batteries

South Korea’s POSCO Chemical Co. agreed to provide materials to Morrow Batteries, a Norwegian electric vehicle battery maker, in a move to tap...

LG Group's No. 2 exec Kwon to head EV battery unit

LG Group's No. 2 exec Kwon to head EV battery unit

Kwon Young-soo, the No. 2 leader of South Korea's LG Group, will be appointed as the chief executive officer of LG Energy Solution Ltd. next month, ...

Tesla’s shift to LFP cells to shake global battery industry

Tesla’s shift to LFP cells to shake global battery industry

Tesla Inc.’s shift to less expensive batteries for its electric vehicles is expected to shake the global battery industry.The world’s to...

EcoPro BM to build battery materials plants in US, Europe

EcoPro BM to build battery materials plants in US, Europe

EcoPro BM Co., South Korea’s top cathode producer, plans to set up factories in the US and Europe to expand its business in the global marke...

Samsung SDI, Stellantis to build billion-dollar battery JV in US

Samsung SDI, Stellantis to build billion-dollar battery JV in US

Samsung SDI Co. has partnered with Dutch-domiciled multinational automaker Stellantis N.V. to build a multi-billion-dollar battery facility in the U...

Korea’s Simone to spend up to 40% of net profit for dividends

Korea’s Simone to spend up to 40% of net profit for dividends

South Korean Simone Acc. Collection Ltd., the world’s No. 1 handbag maker, plans to spend 30-40% of net profit for dividends after a listing n...

LG Energy, Stellantis to launch $3.4 billion EV battery JV in US

LG Energy, Stellantis to launch $3.4 billion EV battery JV in US

South Korea’s LG Energy Solution Ltd. and multinational automaker Stellantis N.V. are launching a 4 trillion won ($3.4 billion) joint venture ...

LG Electronics brings gardening indoors with plant cultivator Tiiun

LG Electronics brings gardening indoors with plant cultivator Tiiun

LG Electronics Inc. is bringing gardening indoors by unveiling a plant growing appliance, which allows consumers to grow flowers, vegetables and her...

LG Energy Solution’s IPO plan remains elusive after GM recall settlement

LG Energy Solution’s IPO plan remains elusive after GM recall settlement

South Korea’s top battery maker LG Energy Solution Ltd. is about to resume its initial share sale plan shelved for months due to the uncertain...

GM says it will recover $1.9 billion of Bolt-recall costs from LG

GM says it will recover $1.9 billion of Bolt-recall costs from LG

General Motors Co. said it would recover from supplier LG Electronics Inc. nearly all of the $2 billion cost of recalling Chevrolet B...

LG Electronics Q3 profit halves on GM recalls, sales at record-high

LG Electronics Q3 profit halves on GM recalls, sales at record-high

LG Electronics Inc. said on Tuesday it expects its third-quarter operating profit to plunge as heavy costs for General Motors Co.’s recall of ...

LG Chem to build technical support centers in EU, US

LG Chem to build technical support centers in EU, US

LG Chem Ltd. will expand global clients’ accessibility to its technical support professionals. The chemical company said on Oct. 11 that it wi...

SKIET to start commercial operation of its first separator plant in Europe

SKIET to start commercial operation of its first separator plant in Europe

South Korea’s SK IE Technology Co. (SKIET), SK Innovation Co. 's battery material business subsidiary, plans to start commercial operation of ...

Hyundai Mobis breaks ground on $1.1 bn hydrogen fuel cell plants

Hyundai Mobis breaks ground on $1.1 bn hydrogen fuel cell plants

Hyundai Mobis Co., the auto parts unit of Hyundai Motor Group, on Thursday broke ground on a hydrogen fuel cell plant, part of its 1.32 trillion won...

Korea to require power plants to use more renewable energy resources

Korea to require power plants to use more renewable energy resources

South Korea plans to require domestic power companies to consume more renewable energy resources for electricity production. The move is a part of t...

New Mercedes-Benz C-Class equipped with LG ADAS camera

New Mercedes-Benz C-Class equipped with LG ADAS camera

The new Mercedes-Benz C-Class is equipped with LG Electronics Inc.’s advanced driving assistance system (ADAS) camera module, helping the Sout...

Hyundai Glovis launches ECOH brand for hydrogen, battery businesses

Hyundai Glovis launches ECOH brand for hydrogen, battery businesses

Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, said on Monday it is launching a new brand to beef up its eco-friendly business, includ...

SK becomes first Korean oil producer from plastic waste

SK becomes first Korean oil producer from plastic waste

SK Group has become South Korea's first company to extract oil from plastic waste and use the eco-friendly oil as a feedstock of oil refining and pe...

POSCO breaks ground on $101 million battery recycling plant

POSCO breaks ground on $101 million battery recycling plant

South Korea’s top steelmaker POSCO on Thursday broke ground on its 120 billion won ($101 million) plant to extract nickel, lithium and cobalt,...

SK Innovation, Ford to invest $11.4 billion to build largest EV battery JV

SK Innovation, Ford to invest $11.4 billion to build largest EV battery JV

SK Innovation Co. and Ford Co. will invest a combined $11.4 billion to build an assembly and battery complex and two additional battery factories in...

Recycled plastic in growing demand as Korean firms pursue ESG business

Recycled plastic in growing demand as Korean firms pursue ESG business

Plastic recyclers have known for years that there is money to be made in plastic waste. And the stakes are high these days as the prices of recycled...

LG Energy develops safer, long-lasting solid-state battery technology

LG Energy develops safer, long-lasting solid-state battery technology

South Korea’s LG Energy Solution Ltd. said on Friday the company and the University of California San Diego have jointly developed a next-gene...

LG Chem shares rise as GM resumes battery module replacement

LG Chem shares rise as GM resumes battery module replacement

Shares of LG Chem Ltd. are staging a rebound a month after falling sharply due to a decision by General Motors Co. to recall 73,000 Chevrolet Bolt e...

LG Elec to start automotive cybersecurity business

LG Elec to start automotive cybersecurity business

South Korea’s LG Electronics Inc. is about to start automotive security business, expanding its car electronics technology portfolio by taking...

Taylor city in Texas likely to host Samsung’s new US chip plant

Taylor city in Texas likely to host Samsung’s new US chip plant

The global semiconductor industry is keeping a close eye on whether Taylor, a city located in Williamson County of Texas and the most probable site ...

Fictional K-pop band Saja Boys beat BTS, Blackpink to top US Spotify charts 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