HLB submits new drug application to FDA for Rivoceranib liver cancer drug

HLB Co. announced on May 17 that it has submitted a new drug application (NDA) to the US Food and Drug Administration (FDA) for the approval of Rivo...

Korea's SK E&S plans $14 bn joint investment in hydrogen biz

South Korea’s SK E&S Co. is poised to spend 18.5 trillion won ($13.9 billion) with partners by 2025 to set up a hydrogen industry value ch...

Hansae to build eco-friendly clothing plant in Vietnam

South Korean textile and clothing maker Hansae on Friday announced plans to build a plant in Vietnam to expand production of eco-friendly clothing u...

Nexen Tire invests $1.3 bn to build US factory

South Korea's Nexen Tire Corp. plans to invest $1.3 billion (1.73 trillion won) to build its first-ever factory in the United States. Starting fro...

LG Chem secures exclusive deal for Israeli desalination project

South Korea's LG Chem Ltd. revealed on Thursday that it has been awarded the exclusive contract as the sole supplier of reverse osmosis (RO) membran...

Korea starts building Shin Hanul, reviving aim to be nuclear powerhouse

South Korea has begun construction of the main parts of the Shin Hanul nuclear reactors No. 3 and No. 4, reviving its goal of becoming a global nucl...

POSCO DX to team up with PwC Consulting for smart factory business

POSCO DX Co., formerly POSCO ICT Co.,  the IT services subsidiary of South Korean steelmaker POSCO Holdings Inc., announced on Monday that it h...

Kolon Industries to expand high-value specialty petroleum products plant

Kolon Industries Inc., a leading industrial materials maker in South Korea, announced on Monday that it will invest 24 billion won ($17.94 million) ...

POSCO International to set up EV parts factory in Poland

POSCO International, the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., plans to build an elect...

Samsung, Naver to jointly develop generative AI to rival ChatGPT

South Korea’s two tech giants – Samsung Electronics Co. and Naver Corp. – have agreed to jointly develop a generative artificial i...

POSCO Int'l to directly operate LNG-dedicated carrier

POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., ...

Hyundai Motor, Kia to receive 25% tax credit for EV plant spending

ULSAN, South Gyeongsang Province – South Korea’s Hyundai Motor Co. is poised to receive a 25% tax credit for its planned investment in a...

Korean shipyards to benefit from record LNG carrier prices

South Korean shipbuilders are expected to benefit from record liquefied natural gas (LNG) carrier prices while bagging more orders for new vessels d...

S.Korean kitchen robot startup Wave attracts $3 mn investment

South Korea's kitchen robot startup Wave Lifestyle Technologies announced on Tuesday that it has raised a Series A1 investment of 4 billion won ($3 ...

Poshmark powers Naver earnings; HyperCLOVA X the next booster

South Korea’s online giant Naver Corp. reported better-than-expected quarterly earnings thanks to strong sales of Poshmark Inc. in the US. It ...

S.Korean gov't proposes nuclear power plant cooperation to Hungary

South Korean Minister of Trade, Industry and Energy Lee Chang-yang discussed ways to strengthen industrial and trade cooperation with Lászl&o...

SK Ecoplant to build waste EV battery recycling plant in China

South Korea's SK Ecoplant Co. will build a recycling facility for electric vehicle (EV) waste batteries in the eastern Chinese province of Jiangsu, ...

Hanyang, Linde to inject $800 mn for hydrogen cluster in Korea

Hanyang Corporation Ltd., a South Korean construction firm, will join forces with German industrial gases and engineering company Linde AG to create...

NuScale to build Korea’s first SMR in Uljin, home to native Korean reactors

NuScale Power Corp. is expected to build its first small modular reactor (SMR) plant in South Korea in Uljin, already home to Korean native nuclear ...

Samsung, Hyundai, others to use hydrogen buses for commute

Samsung Electronics Co., Hyundai Motor Co., SK Hynix Inc., POSCO Holdings Inc., SK E&S, POSCO E&C and SK Siltron have agreed to replace thei...

S.Korea, US advised to cooperate in advanced nuclear power plant

Amid declining exports of nuclear power plants from major countries like South Korea and the US, Russia and China have captured about 80% of the glo...

Hyosung’s sibling feud continues with second son in court on trial

It all began in July 2014 when Cho Hyun-joon, currently the Hyosung Group chairman, was sued by his younger brother Cho Hyun-moon on charges of embe...

POSCO, Huayou to expand ties for battery precursors

POSCO Future M Co., formerly known as POSCO Chemical Co., on Wednesday signed a preliminary agreement with China’s Zhejiang Huayou Cobalt Co. ...

Hyundai AutoEver, LS Electric adopt Ieum 5G for production lines

South Korea's automotive internet sales company Hyundai AutoEver and electrical equipment and automation specialist LS Electric Co. have adopted Ieu...

Merck to build biopharma raw material plant in Korea

Global pharmaceutical company Merck is considering a plan to establish a biopharmaceutical raw material production facility in Daejeon.South Korean ...

Hyundai Motor unveils XCIENT fuel cell tractor in N.America

Hyundai Motor Co. showcased the mass-production model of its XCIENT Fuel Cell Tractor, a 37.2-ton 6x4 truck specifically designed for long-distance ...

SK Geo Centric, Loop to set up plastic recycling plant in Korea

SK Geo Centric Co., a petrochemical unit within South Korean conglomerate SK Group, said on Wednesday it will set up a joint venture with a Nasdaq-l...

Daewoong Pharma to build third botulinum toxin plant for $746 mn

South Korea’s Daewoong Pharmaceutical next year will open a third plant to greatly expand annual output of its botulinum toxin Nabota at a cos...

KT launches two new AI serving robots

South Korea's KT Corp., said on Tuesday that it has unveiled two new AI service robots with upgraded features for enhanced driving stability and w...

LS Cable completes undersea HVDC cable plant

South Korea’s major cable manufacturer LS Cable & System Ltd. has completed the construction of Asia's largest high-voltage direct curre...