DL Chem seals $2.5 bn purchase of US chemical maker Kraton

DL Chem seals $2.5 bn purchase of US chemical maker Kraton

DL Chemical Co., South Korea's leading petrochemical company, has acquired Texas-based specialty chemical manufacturer Kraton Corp. for $2.5 billion...

S.Korean battery materials makers see stock prices surge

S.Korean battery materials makers see stock prices surge

Shares of South Korean eco-friendly battery materials manufacturers have been soaring in September, with high expectations on big revenue jumps th...

Coal price surge puts S.Korean petrochemical firms ahead of Chinese rivals

Coal price surge puts S.Korean petrochemical firms ahead of Chinese rivals

Rising coal prices in China will likely benefit South Korean petrochemical companies such as Lotte Fine Chemical and Hanwha Solutions, by strengthen...

Lotte Shopping to acquire furniture maker Hanssem with IMM PE

Lotte Shopping to acquire furniture maker Hanssem with IMM PE

Lotte Shopping Co., South Korea’s top department store operator, is set to acquire Hanssem Co. with IMM Private Equity.IMM PE selected Lotte S...

Korea silicon anode materials makers to see quantum leap in demand

Korea silicon anode materials makers to see quantum leap in demand

The global silicon-based anode materials market is gathering momentum as demand is expected to outpace supply on increasing production of electric v...

Activist fund urges SK Chemicals to sell part of SK Bioscience stake

Activist fund urges SK Chemicals to sell part of SK Bioscience stake

A Singaporean activist fund has urged South Korea’s SK Chemicals to sell some of its shares in SK Bioscience Co., saying its corporate value h...

Sumitomo Chemical to build $90 million photoresist plant in S.Korea

Sumitomo Chemical to build $90 million photoresist plant in S.Korea

Japan’s major chemical company Sumitomo Chemical Co. will invest more than 10 billion yen ($91 million) in South Korea to manufacture photores...

Lotte teams up with IMM PE to acquire furniture maker Hanssem

Lotte teams up with IMM PE to acquire furniture maker Hanssem

Lotte Group is seeking to acquire a stake in Hanssem Co., South Korea’s largest furniture and home furnishing company, with an investment of u...

SK Global Chemical rebrands as plastic recycler SK Geocentric

SK Global Chemical rebrands as plastic recycler SK Geocentric

SK Innovation Co.’s petrochemical unit SK Global Chemical Co. has undergone a corporate name change to SK Geocentric Co., in a move to reident...

POSCO Chem, OCI to produce previously imported battery material in Korea

POSCO Chem, OCI to produce previously imported battery material in Korea

POSCO Chemical and OCI plan to produce in South Korea a key material for electric vehicle batteries, which has so far been imported.POSCO Chemical s...

POSCO Chemical to expand EV battery materials capacity in China

POSCO Chemical to expand EV battery materials capacity in China

South Korea’s POSCO Chemical is set to bolster production capacity of electric vehicle battery materials in China, the world’s top batte...

Lotte Rental invests over $20 mn in autonomous driving startup ahead of IPO

Lotte Rental invests over $20 mn in autonomous driving startup ahead of IPO

South Korea's largest car rental and auto leasing company Lotte Rental Co. is set to invest 25 billion won ($21.8 million) in a domestic autonomous ...

Lotte to resume $4.4 bn Indonesia petrochemical project next year

Lotte to resume $4.4 bn Indonesia petrochemical project next year

Lotte Group plans to resume a $4.4 billion petrochemical project in Indonesia next year as it aims to expand the business in Southeast Asia where de...

Hyosung Group still going strong with stellar Q2 earnings

Hyosung Group still going strong with stellar Q2 earnings

South Korea’s textile and chemicals conglomerate Hyosung Group has again reported stellar business results for the second quarter, continuing ...

LG Chem to invest $8.7 bn in battery material, renewable, bio sectors

LG Chem to invest $8.7 bn in battery material, renewable, bio sectors

LG Chem Ltd., South Korea’s top chemical maker, said on Wednesday it will invest 10 trillion won ($8.7 billion) in the battery material, renew...

Lotte Chemical goes green with $3.8 bn investment in hydrogen business

Lotte Chemical goes green with $3.8 bn investment in hydrogen business

South Korea’s Lotte Chemical Corp. is investing 4.4 trillion won ($3.8 billion) in hydrogen projects by 2030 to foster the business as a new g...

Lotte Rental IPO to produce hefty return for NPS

Lotte Rental IPO to produce hefty return for NPS

The initial public offering of South Korea's Lotte Rental Co., set for next month, will likely produce high double-digit to low triple-digit returns...

SK Global Chemical to start plastic waste recycling business in Asia

SK Global Chemical to start plastic waste recycling business in Asia

SK Global Chemical (SKGC), a petrochemical subsidiary of SK Innovation Co., plans to build a plastic waste recycling plant in South Korea to extract...

POSCO Chemical to bolster EV presence with 60,000-ton cathode plant

POSCO Chemical to bolster EV presence with 60,000-ton cathode plant

POSCO Chemical Co. will invest 600 billion won ($523 million) from 2022 to build a cathode materials plant in Pohang city with an annual capacity of...

SK Innovation turns to PEFs to sell stake in SK Global

SK Innovation turns to PEFs to sell stake in SK Global

South Korea's SK Innovation Co. is tapping private equity firms to sell up to a 49% stake in SK Global Chemical Co. after the chemical raw materials...

Lotte Chemical to double LPG use as petchem makers diversify feedstock

Lotte Chemical to double LPG use as petchem makers diversify feedstock

South Korean Lotte Chemical Corp. plans to double liquefied petroleum gas (LPG) use for ethylene production by next year as the domestic industry ru...

SK Chairman vows to achieve carbon neutrality ahead of 2050 UN target

SK Chairman vows to achieve carbon neutrality ahead of 2050 UN target

SK Group has pledged to achieve carbon neutrality prior to 2050, the year set by the United Nations (UN) to reach net-zero carbon emissions globally...

Kolon expands hydrocarbon resins production, becomes global No.2 maker

Kolon expands hydrocarbon resins production, becomes global No.2 maker

South Korea’s chemicals and industrial materials maker Kolon Industries Inc. have added another 15,000 tons of annual capacity in its hydrocar...

Shinsegae-Naver consortium one step closer to eBay Korea acquisition

Shinsegae-Naver consortium one step closer to eBay Korea acquisition

Shinsegae is the likely winner of the eBay Korea acquisition, outplaying its rival Lotte in the prolonged race to buy the country’s third larg...

Shinsegae inches closer to eBay Korea purchase; deal remains elusive

Shinsegae inches closer to eBay Korea purchase; deal remains elusive

Shinsegae Group has inched closer to a deal to acquire eBay Korea that would see the South Korean retail giant emerge as an e-ecommerce behemoth wit...

Lotte vs Shinsegae: eBay Korea becomes battleground for retail showdown

Lotte vs Shinsegae: eBay Korea becomes battleground for retail showdown

The tussle over the acquisition of eBay Korea is now down to two heavyweight contenders. South Korea’s retail titans Lotte Group and Shinsegae...

SK, Lotte to set up hydrogen JV within 2021

SK, Lotte to set up hydrogen JV within 2021

South Korea’s major conglomerates SK Group and Lotte Group have joined hands to strengthen their foothold in the fast-growing hydrogen sector....

Lotte Rental kicks off $360 mn IPO process, seeks $1.8 bn valuation

Lotte Rental kicks off $360 mn IPO process, seeks $1.8 bn valuation

South Korea’s leading rental car company Lotte Rental Co. has kicked off an initial public offering process to raise some 400 billion won ($36...

Lotte Chem in hydrogen deal with Air Liquide, invests $185 mn in materials

Lotte Chem in hydrogen deal with Air Liquide, invests $185 mn in materials

South Korea’s Lotte Chemical Corp. is diversifying into electric vehicle raw materials and hydrogen businesses as new growth drivers, moving a...

Military Mutual picks ex-Lotte Non-Life CIO as investment chief

Military Mutual picks ex-Lotte Non-Life CIO as investment chief

The Military Mutual Aid Association (MMAA), an $11 billion savings fund for South Korean military officers and personnel, said on Monday it has name...

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