Renault to invest $523 mn to build green car hub in Korea

Renault to invest $523 mn to build green car hub in Korea

Renault Korea Motors Co., grappling with a protracted slump without new releases, plans to invest more than 700 billion won ($523 million) by 2027 t...

Hyundai E&C wins $132 mn biogas facility project

Hyundai E&C wins $132 mn biogas facility project

Hyundai Engineering & Construction Co. (Hyundai E&C) announced on Monday that it was selected as the preferred bidder for a private invest...

Labor reform urged in Korea with higher wages than Japan

Labor reform urged in Korea with higher wages than Japan

Wages at South Korean companies, both large and small, have surpassed those of their Japanese counterparts.According to a report on wage comparisons...

EverCharge to install EV chargers at Oracle Park

EverCharge to install EV chargers at Oracle Park

South Korea’s SK E&S Co. announced on Sunday that its US-based electric vehicle (EV) charging subsidiary EverCharge Inc. will install hund...

S.Korea’s Kumho Tire to invest $751 mn to build plant in Europe

S.Korea’s Kumho Tire to invest $751 mn to build plant in Europe

Kumho Tire Co., South Korea’s No. 2 tire maker, plans to invest more than 1 trillion won ($750.8 million) by 2027 to build its first plant in ...

LG Elec expands workforce to enhance AI cyber security

LG Elec expands workforce to enhance AI cyber security

LG Electronics Inc., the leading global home appliance maker, is actively increasing its workforce to improve artificial intelligence cyber security...

SK On in talks with Nissan to supply batteries in US

SK On in talks with Nissan to supply batteries in US

South Korean rechargeable battery maker SK On Co. is in talks with Nissan Motor Co. to jointly produce battery cells for the Japanese carmaker in th...

Samsung to receive over $6 bn in US chip subsidies, eyes extra investment

Samsung to receive over $6 bn in US chip subsidies, eyes extra investment

South Korean tech giant Samsung Electronics Co. is expected to receive more than $6 billion in US chip subsidies as the Joe Biden administration is ...

KASA, Korea’s NASA, embarks on hunt for space talent

KASA, Korea’s NASA, embarks on hunt for space talent

South Korea seeking to join the global space power club is set to recruit about 120 local and foreign space experts for the country’s space ag...

Korean Air breaks ground on Asia’s largest aircraft engine MRO cluster

Korean Air breaks ground on Asia’s largest aircraft engine MRO cluster

Korean Air Lines Co., South Korea’s No. 1 full-service carrier, said on Thursday it has begun construction of a $439 million aircraft engine m...

SK Ecoplant opens US recycling plant for data center servers

SK Ecoplant opens US recycling plant for data center servers

SK Ecoplant Co., a South Korean construction engineering and waste management firm, said on Thursday it launched a recycling plant for data cen...

DGB Financial launches overseas asset management

DGB Financial launches overseas asset management

South Korea's DGB Financial Group announced on Thursday that it opened its first overseas subsidiary Hi Asset Management Asia (HiAMA) in Singapore.H...

South Korea gets tough with Chinese platforms AliExpress, Temu, Shein

South Korea gets tough with Chinese platforms AliExpress, Temu, Shein

South Korea plans to introduce a get-tough e-commerce policy on Chinese platforms such as AliExpress, Temu and Shein amid increasing complaints abou...

South Korea, odd one out in new global gold rush

South Korea, odd one out in new global gold rush

South Korea has remained muted to a new gold rush fueled by various central banks across the world gobbling up the precious metal, raising concerns ...

SK Ecoplant, TES to enter Japan’s battery recycling market

SK Ecoplant, TES to enter Japan’s battery recycling market

SK Ecoplant Co., a South Korean construction engineering and waste management firm, said on Tuesday it is entering Japan’s battery recycling m...

LG invests $60 million in Bear Robotics as robot OS war intensifies

LG invests $60 million in Bear Robotics as robot OS war intensifies

South Korea’s high-tech giant LG Electronics Inc. said on Tuesday it has invested $60 million in Bear Robotics Inc., a Silicon Valley-based se...

SK Signet builds system to enhance EV charger cybersecurity

SK Signet builds system to enhance EV charger cybersecurity

SK Signet Inc., South Korea's electric vehicle (EV) charger manufacturer, announced on Tuesday that it has established an enhanced cybersecurity sys...

Foreign venture funding for Korean startups picks up

Foreign venture funding for Korean startups picks up

South Korean startups raising funds from overseas venture capital firms nearly doubled in the first two months of this year from a year ago, heighte...

MBK’s Michael ByungJu Kim: Most influential in Korea’s capital market

MBK’s Michael ByungJu Kim: Most influential in Korea’s capital market

Michael ByungJu Kim, co-founder and partner of Northeast Asia-focused private equity firm MBK Partners Ltd., has been chosen as the most influential...

Hyundai Motor, Toyota compete to take upper hand in Brazil

Hyundai Motor, Toyota compete to take upper hand in Brazil

South Korea’s top automaker Hyundai Motor Co. and Japan’s No. 1 carmaker Toyota Motor Corp. have been competing for decades to take the ...

South Korea’s Daesang retracts bid to acquire China’s Chengfu Food

South Korea’s Daesang retracts bid to acquire China’s Chengfu Food

South Korea’s food giant Daesang Corp. has retracted its bid to acquire a controlling stake in China’s leading food additives maker Heil...

AliExpress sells top K-food maker’s products in S.Korea

AliExpress sells top K-food maker’s products in S.Korea

AliExpress, an e-commerce arm of China’s Alibaba Group, on Thursday started selling products of CJ CheilJedang Corp., South Korea’s top ...

LG ups ante in AI race with bullish bets on startups

LG ups ante in AI race with bullish bets on startups

LG Group, South Korea’s fourth-largest conglomerate controlling electronics, chemicals, media and service companies, is aggressively raising t...

HD Hyundai Heavy picks Philippines as Asian base for warship sales

HD Hyundai Heavy picks Philippines as Asian base for warship sales

South Korea’s top shipbuilder HD Hyundai Heavy Industries Co. (HHI) said on Thursday it has chosen the Philippines as its base for the sale of...

SK Signet to supply EV fast chargers in Ohio

SK Signet to supply EV fast chargers in Ohio

SK Signet Inc., South Korea's electric vehicle (EV) charger manufacturer, announced on Thursday that it will supply fast chargers to the site of the...

LG Elec showcases EV chargers optimized for various spaces

LG Elec showcases EV chargers optimized for various spaces

LG Electronics Inc. on Wednesday unveiled its electric vehicle charging solutions optimized for homes, commercial spaces and charging stations at 20...

S.Korea commercializes recycled materials EV tire

S.Korea commercializes recycled materials EV tire

South Korea's Hyosung Advanced Materials, SK Chemicals Co., and Hankook Tire & Technology announced on Mar. 6. that they commercialized a dedica...

Lotte Chemical, CIP to join hands on ammonia projects

Lotte Chemical, CIP to join hands on ammonia projects

South Korea’s Lotte Chemical Corp. has reached a preliminary agreement with Copenhagen Infrastructure Partners (CIP) to purchase and sell blue...

Korea's NH Investment shortlists 3 CEO candidates

Korea's NH Investment shortlists 3 CEO candidates

South Korean brokerage house NH Investment & Securities Co. has shortlisted three candidates for its next chief executive as the current CEO Jeo...

SK Hynix explores HBM chip collaboration with Kioxia

SK Hynix explores HBM chip collaboration with Kioxia

SK Hynix Inc. is exploring collaboration with Japanese chipmaker Kioxia Holdings Corp. to produce high bandwidth memory (HBM) chips, which have been...

LG links up with Chinese rivals for budget appliance supremacy Mercedes opens world’s 1st Maybach flagship center in Seoul Blackpink's new single Jump tops Spotify daily chart K-content goes cultural: KPop Demon Hunters sparks heritage K-goods craze POSCO supplies HIC-resistant steel for Aramco’s Fadhili gas plant