SK Hynix to build advanced packaging plant in Indiana for $3.9 bn
SK Hynix Inc., the world’s leading high bandwidth memory (HBM) chip producer, will plow in $3.87 billion to build advanced packaging and resea...
Korea reclaims crown from China as world’s top shipbuilder
South Korea reclaimed the crown from the Chinese as the world’s largest shipbuilder after three years last quarter, sweeping global orders for...
HMM, SIPG to cooperate on eco-friendly fuel
South Korea’s major ocean carrier HMM Co. announced on Wednesday that it signed a Shanghai Port Clean Marine Fuel memorandum of understanding ...
Blight of failing e-commerce startups in South Korea
Linkshops, once touted as a future unicorn candidate in South Korea, declared bankruptcy last month even after garnering 15.4 billion won ($11.4 mil...
KOTRA operates S.Korea's pavilion at Vietnam Expo
The Korea Trade-Investment Promotion Agency (KOTRA) announced on Wednesday that it has operated the South Korean Pavilion at the 2024 Vietnam Expo, ...
EVs in S.Korea exceed 500,000
The cumulative number of electric vehicles (EVs) registered in South Korea exceeded 500,000 last year.The number of EV chargers supplied domesticall...
Korea’s Shinsegae replaces building unit chief amid property downturn
South Korea’s retail giant Shinsegae Group on Tuesday replaced the head of its construction unit amid the sluggish property market, adding to ...
Hollys Coffee goes to Japan as Korean franchises turn gaze abroad
Hollys Coffee, a unit of South Korea’s KG Group, is opening its first overseas outlet in Osaka, Japan, riding on the popularity of Korean cult...
Korea's Military Mutual Aid Association starts search for new CIO
South Korea’s Military Mutual Aid Association (MMAA), which managed 10.4 trillion won ($7.7 billion) in assets as of the end of 2023, said on ...
Korea’s rate cut hope wanes with inflation above 3% in March
South Korea’s headline inflation stayed above 3% for two straight months in March on a surge in fruit and vegetable prices coupled with higher...
LG Energy, GM’s 2nd Ultium Cells plant begins production in Tennessee
LG Energy Solution Ltd., the world’s second-largest battery maker, said on Tuesday that the second plant of Ultium Cells LLC, a joint venture ...
Korea Zinc buys US Kataman for $55 mn for recycling business
Korea Zinc Inc., the world’s largest lead and zinc smelter, acquired Kataman Metals LLC, a US-based scrap metal trading company, at $55 millio...
Blackstone sells prime Seoul office building for $586 mn to Koramco
Blackstone Inc. completed selling off Arc Place, a prime office building located in Seoul's upscale Gangnam area, to Koramco REITs Management and Tr...
Korea, Japan lead Asia's buyout markets: MBK Partners
South Korea and Japan are the two most important markets for buyouts in Asia, and China is still a significant private market with potential for mid...
LF’s fashion brand Dunst teams up with E-Land for China push
South Korean clothing company LF Corp. said on Monday that its street fashion brand Dunst will build an offline presence in China in partnership wit...
SK Hynix, TEMC develop industry’s first neon gas recycling technology
SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., and its South Korean partner TEMC Co., have jointly ...
SK Geo Centric, Youlchon Chemical to develop recyclable plastic
South Korea's SK Geo Centric Co. and Youlchon Chemical Co. announced on Sunday that they signed a memorandum of understanding (MOU) to co-develop re...
Foreign buying of Korean stocks hit record high in Q1
Foreign investors gobbled up a record 15.8 trillion won ($11.7 billion) worth of stocks listed in South Korea during the first three months of this ...
Doosan joins hands with China’s CNGR for battery recycling
South Korea’s plant and machinery powerhouse Doosan Group has teamed up with China’s CNGR Advanced Material Co. to expand its electric v...
HD Hyundai Heavy wins record $463 million warship deal from Peru’s Navy
South Korea’s top shipbuilder HD Hyundai Heavy Industries Co. said on Friday it has won a $463 million contract to build four warships for Per...
Korea’s factory output rebounds in February on chip recovery
South Korea’s factory activity last month bounced back in three months thanks to strong recovery in the country’s semiconductor sector b...
Korea’s HD KSOE, Infineon team up for ship electrification
South Korea’s top shipbuilder HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) joined hands with German chipmaker Infineon ...
HSBC faces criminal charges for naked shorting in Korea
South Korean prosecutors on Thursday filed criminal charges against HSBC and three of its traders, accusing them of illegal short selling worth 15.8...
Korea yet to join global bond index for capital inflows
South Korea has so far failed to be included on a global major bond index, denting hopes for capital inflows into Asia’s fourth-largest econom...
S.Korea, Thailand launch negotiations for EPA
South Korean and Thai governments declared the launch of negotiations for the Economic Partnership Agreement (EPA) on Thursday. South Korea’s ...
Samsung, Henckels co-develop AI Combo detergent course
Samsung Electronics Co. announced on Wednesday that it partnered with the global household and industrial goods company Henckels AG to introduce a d...
LG Group earmarks $74 bn for 5-year investment in Korea
LG Group, South Korea’s No. 4 conglomerate, on Wednesday announced a plan to invest 100 trillion won ($74 billion) through 2028 in its future ...
S.Korea’s Doosan Enerbility to develop aircraft engines
South Korea’s major power plant builder Doosan Enerbility Co. plans to develop aircraft engines based on its turbine technology as its new gro...
LG Electronics named Energy Star Partner of 2024
LG Electronics Inc. has been named 2024 Energy Star Partner of the Year and Sustained Excellence by the US Environmental Protection Agency (EPA) a...
Ferrari, SK On team up to innovate battery technology
Ferrari S.p.A. joined hands with SK On Co., the world’s fifth-largest electric vehicle battery producer, to innovate cell technology as the It...
