LG Chem aims higher for battery materials with diverse portfolio
South Korea’s LG Chem Ltd. on Tuesday revised up its 2030 sales goal for battery materials by 45% after it delivered stronger-than-expected re...
Hyundai Rotem's hydrogen fuel cell tram wins iF Design Award
Hyundai Rotem is South Korea's first rail company to win a global design award, with its hydrogen fuel cell tram claiming the main prize in the pr...
SE Asian visitors revive Seoul’s tourism industry
In Myeongdong, Seoul’s shopping mecca, on May 14, street vendors were busy soliciting foreign tourists, greeting them in their mother tongues ...
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) ...
FKI, Keidanren launch fund for Korea-Japan partnerships
TOKYO – Major business lobby groups of South Korea and Japan have created a partnership fund of 200 million yen ($1.5 million) to accelerate i...
Kolon Industries to increase aramid pulp production for EVs
Kolon Industries Inc., a leading industrial materials maker in South Korea, said on Wednesday it will inject 22 billion won ($16.6 million) to expan...
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...
KAI, bastion of South Korea’s fast-growing defense industry
SACHEON, South Gyeongsang Province – On a hot spring day in April, the roar of combat aircraft engines fills the air. It’s a normal day ...
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 ...
Samsung Heavy Industries develops next-generation FLNG
South Korean shipbuilder Samsung Heavy Industries has developed a new model for its floating liquefied natural gas (FLNG) production facility, aimed...
Doosan Enerbility secures place on US market for SMR
South Korea's heavy industry company Doosan Enerbility Co. on Thursday said it discussed on Tuesday cooperation in areas like hydrogen production us...
S.Korea to support exports of 100 SMEs in metaverse, XR industry
South Korea's Ministry of Science and ICT announced on Thursday that it will support the export of 100 small- and medium-sized enterprises (SMEs) in...
Chinese weak domestic demand causes S.Korean trade deficit: report
The Korea International Trade Association (KITA) has urged South Korea to develop a strategy to strengthen exports to China based on its market situ...
Dongwon Group drops bid to take over McDonald’s Korea
Dongwon Group has canceled its bid to take over McDonald's franchise in South Korea."We reviewed the takeover of McDonald's Korea but our conclusion...
Kolon Industries to move into secondary battery recycling market
Kolon Industries Inc., a South Korean chemical and textile manufacturing company, is entering the secondary battery recycling market. The company an...
S.Korea, Airbus plan to open domestic tech research center
South Korea and European aircraft maker Airbus Group will open a technology research center in the country and discuss boosting cooperation in suppl...
S.Korea launches foreign worker quota exclusively for shipbuilding sector
South Korea will set a separate quota of 5,000 foreign workers to solve the labor shortage in domestic shipbuilding and accept 120,000 such workers ...
LG Elec gets open-source software security certification
South Korean electronics giant LG Electronics Inc. announced on Friday that it has been recognized as a company that complies with the "Internationa...
Samsung Heavy forms int'l consortium to make nuclear plants at sea
South Korea's Samsung Heavy Industries (SHI) and Korea Hydro & Nuclear Power (KHNP) and Denmark's Seaborg Technologies on Friday announced their...
S.Korean gov't unveils $424 mn strategy to boost software, AI industries
South Korean government has announced plans to invest about 563 billion won ($424 million) in bolstering the domestic software and artificial intell...
KCCI, Seoul Japan Club forms economic study group
South Korean and Japanese businesspeople form a study group to strengthen economic cooperation between the two countries.The Korea Chamber of Commer...
SK Hynix unveils industry’s slimmest 12-layer, 24 GB HBM3 chip
SK Hynix Inc., the world’s second-largest memory chipmaker, said on Thursday it has developed the world’s first 12-layer DRAM product wi...
POSCO mulls $3.3 bn investment in industrial cluster by 2033
South Korean steel giant POSCO Group said on Wednesday it will consider investing 4.4 trillion won ($3.3 billion) in the state-run industrial comple...
POSCO Group chairman presides over World Steel Association meeting
Choi Jeong-woo, Chairman of POSCO Group and the World Steel Association, attended the association's first half-regular meeting held in Vienna, Austr...
S.Korea releases guidelines on development of small modular reactors
South Korea has released guidelines on the advancement of small modular reactors (SMR), a critical sector for the domestic nuclear power industry, u...
S.Korea's data market is estimated at $19 bn last year
The size of South Korea's data industry market is expected to exceed 25 trillion won ($18.96 billion) last year.According to the results of a surv...
LS Electric to display smart energy solutions in Germany
LS Electric Co., South Korean manufacturer of power and industrial automation equipment, announced on Monday that it will participate in the Hannove...
S.Korea’s first-generation bio companies set up support fund for new ventures
South Korea's first-generation bio companies and Industrial Bank of Korea (IBK) have created a bio investment fund to support ventures in the field ...
S.Korea, Boeing tie up for develop future advanced weapons
The Korean Defense Acquisition Program Administration (DAPA) teams up with major US defense contractor Boeing to conduct research and development on...
LG Chem, Hanyang Univ. open industry-academic center for battery materials
South Korea's LG Chem Ltd. on Wednesday said it signed a memorandum of understanding with Hanyang University on industry-academic cooperation in bat...
