S.Korea to raise nuclear power to one third of energy supply
South Korea plans to increase its proportion of nuclear power to 33% of the country’s energy generation by 2030, while slashing its proportion...
Korea's Hyundai E&C to build smart green city in Vietnam
Hyundai Engineering & Construction Co. is poised to become the first South Korean company to join Vietnam’s green smart city development p...
LG Energy, Honda to form JV for EV battery production in the US
LG Energy Solution Ltd. announced on Monday that it reached an agreement with Honda Motor Co. to establish a joint venture company to produce lithiu...
Samsung SDI to hasten US battery plant groundbreaking
Samsung SDI Co., the world's sixth-largest battery maker, is set to push forward the start of its plant construction in the US by two months in resp...
Crypto exchange Binance to work with Busan on blockchain
Binance, the world’s largest cryptocurrency exchange by trading volume, announced on Friday it had signed a memorandum of understanding (MOU) ...
Hyundai’s Genesis ranks top in J.D. Power’s innovative tech study
Hyundai Motor Co.'s premium brand Genesis has been recognized by industry analysts for its excellence in innovative technology and consumer experi...
POSCO builds EV battery recycling plant in Poland
South Korea’s POSCO Holdings has built a rechargeable battery recycling plant in Poland, in line with Europe’s tougher regulations on ba...
Lotte to support Korean SMEs via exhibitions in Berlin, New York
Lotte Group, South Korea’s fifth-largest conglomerate, is set to boost the global sales channels of some 200 Korean small and medium-sized ent...
Korea may file complaint with WTO against US' Inflation Reduction Act
The South Korean government is considering filing a complaint with the World Trade Organization (WTO) over the US' new Inflation Reduction Act (IR...
Korea’s mounting trade deficit knocks won to 13-year low
South Korea’s won has hit the weakest level since the 2008-09 global financial crisis on a mounting trade deficit while growing concerns over ...
Hyundai Motor, LG Energy secure $710 mn for battery JV in Indonesia
South Korea’s Hyundai Motor Group and battery maker LG Energy Solution Ltd. have secured $710 million from financial institutions overseas to ...
SK, SK Energy acquire US energy solution provider Atom Power
SK Inc. and SK Energy announced they have jointly acquired North Carolina-based energy solution enterprise Atom Power Inc. for $150 million.The thre...
Daedong attracts investment from Kakao for smart mobility projects
Daedong Corp., South Korea’s leading tractor and farm machinery maker, has attracted 10 billion won ($7.6 million) from Kakao Mobility Corp. t...
Hyundai Motor to redirect its TaaS, AI functions to self-driving arm 42dot
Hyundai Motor Group will redirect the core functions of its Transportation-as-a-Service (TaaS) division and AIRS Company to its recently acquired se...
Risks of restructuring rise in Korean platform sector
South Korean platform operators are feeling cornered following rapid expansion during COVID-19 as growing risks of a global economic recession and r...
LG, KT join forces to launch next-generation service robots
South Korea’s leading telecommunications company KT Corp. has partnered with LG Electronics Inc. to develop and launch next-generation custome...
POSCO Int'l to absorb energy unit to move up E&P value chain
POSCO International Corp., the trading unit of Korean steel giant POSCO, will merge with its unlisted affiliate POSCO Energy Co. to reinforce its en...
Korea trade deficit jumps as chip exports fall on Aug. 1-10
South Korea suffered from a larger trade deficit in the first 10 days of the month as semiconductor exports declined on weaker demand for memory chi...
Korean shipbuilder KSOE wins $1.5 bn order for 7 LNG carriers
Korea Shipbuilding & Offshore Engineering Co. (KSOE), the intermediate holding company of the world’s top shipbuilder Hyundai Heavy Indust...
Mobility platform Socar slashes price to push ahead with IPO
South Korea’s first mobility unicorn Socar Inc. has cut its IPO price by 18% to push ahead with its stock market debut, according to industry ...
K-bio firms embrace gene therapy CDMO as Samsung looks the other way
South Korea’s major biopharmaceutical companies are rapidly embracing the cell and gene therapy business under a contract drug-making mechanis...
Hanwha Solutions, OCI to benefit from US push for solar energy
Hanwha Solutions Corp. and OCI Co., South Korea’s two leading solar power-related companies, are poised to gain a tailwind from the US governm...
LG Energy to power all its global operations with renewable energy by 2025
LG Energy Solution Ltd., South Korea’s top battery maker, plans to power all its global production sites with only renewable energy by 2025 to...
Six major Korean firms tie up with Petronas for carbon biz
South Korea’s six biggest companies joined hands with Malaysia’s state energy firm Petroliam Nasional Berhad (Petronas) for the carbon c...
Chinese game Genshin Impact's summer fest draws large crowds in Seoul
Shanghai-based game developer and publisher miHoYo Co. on Wednesday wrapped up its well-attended week-long Genshin 2022 Summer Festival in Seoul.&nb...
South Korea’s top general trading giants embrace rising raw materials costs
Back in the 1970s and 80s, general trading companies were the vanguards of South Korea’s exports. Daewoo International Corp., LG Internat...
Solar cells & modules, Hyundai Heavy’s hidden growth fuel
Hyundai Heavy Industries Group, the world’s top shipbuilder, secured another future growth engine from its solar cells and modules business on...
Samsung Elec. plans unmanned factories on manpower shortage
Samsung Electronics Co., the world’s top memory chipmaker, is seeking unmanned factories in a move that other major South Korean manufacturers...
Seoul suspends new antitrust bill on trade conflict fears
South Korea has postponed the introduction of a new law aimed at expanding its authority beyond Korean entrepreneurs, people familiar with the matte...
Hyundai IONIQ 5 ahead of Volkswagen in German review
Hyundai Motor Co.’s all-electric IONIQ 5 crossover beat two competing models from Volkswagen and Swedish carmaker Polestar in a comparative as...
