LG Energy Solution, SK Innovation raise global battery market shares

LG Energy Solution, SK Innovation raise global battery market shares

LG Energy Solution Ltd. and SK Innovation Co. expanded global battery market shares, leading steady growth in South Korea’s battery industry.S...

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...

Parts maker Mando raises profile as investor in future mobility startups

Parts maker Mando raises profile as investor in future mobility startups

Halla Group’s auto components unit Mando Corp. is rapidly expanding its profile as a startup investor in the future mobility sector.Mando was ...

SK gas stations to become CJ Logistics micro-fulfillment centers

SK gas stations to become CJ Logistics micro-fulfillment centers

South Korea’s leading logistics company CJ Logistics Corp. teamed up with SK Energy to aim the domestic quick commerce market, utilizing gas s...

Amazon teams up with SK’s 11Street to offer Global Store for Koreans

Amazon teams up with SK’s 11Street to offer Global Store for Koreans

SK Telecom Co.’s e-commerce platform 11Street Co. has teamed up with Amazon, the world’s largest online shopping mall, to offer the US c...

Samsung Elec, SK Hynix shares jump alongside US peers

Samsung Elec, SK Hynix shares jump alongside US peers

Samsung Electronics Co. and SK Hynix sharply rose on Aug. 24 after suffering a continuous sell-off. The Philadelphia Semiconductor Index gained for ...

Korean household debt estimated to top $1.5 tn

Korean household debt estimated to top $1.5 tn

South Korea’s household debt was estimated to have exceeded $1.5 trillion to reach a record high last month, and tighter monetary policies at ...

SK Group’s holding firm to absorb SK Materials in corporate restructuring

SK Group’s holding firm to absorb SK Materials in corporate restructuring

SK Inc., the investment and holding company of SK Group, will absorb SK Materials Co., the group’s industrial gas manufacturing affiliate, in ...

SK E&S gears up for more US renewable energy investment'

SK E&S gears up for more US renewable energy investment'

SK E&S Co, South Korea’s top city gas supplier, is preparing for additional investment in the US renewable energy sector. The move is to e...

Shinsegae's e-commerce arm SSG.COM seeks 2022 IPO

Shinsegae's e-commerce arm SSG.COM seeks 2022 IPO

SSG.COM, the e-commerce brand of South Korea's retail titan Shinsegae Inc., has begun the process to go public next year, with its valuation estimat...

SK E&S' $2 bn preferred share deal shortlisted to four candidates

SK E&S' $2 bn preferred share deal shortlisted to four candidates

SK E&S Co., the largest city gas supplier in South Korea, has shortlisted four candidates among seven preliminary bidders to invest in 2 trillio...

Korean won at 11-month low as foreigners dump $6.1 bn in stocks this week

Korean won at 11-month low as foreigners dump $6.1 bn in stocks this week

The South Korean won tumbled to a near 11-month low as foreign investors dumped $6.1 billion in local stocks this week much more than their total se...

MSCI adds SK Bioscience, SKIET, EcoPro BM to Korea Index

MSCI adds SK Bioscience, SKIET, EcoPro BM to Korea Index

Global index provider Morgan Stanley Capital International (MSCI) added SK IE Technology Co. (SKIET), SK Bioscience Co. and EcoPro BM Co. to its K...

SK Bioscience to kick off phase 3 vaccine trials

SK Bioscience to kick off phase 3 vaccine trials

SK Bioscience Co. has received approval from South Korea’s Ministry of Food and Drug Safety (MFDS) for phase 3 clinical trials of its COVID-19...

KakaoBank falls out of Kospi top 10 on 3rd trading day

KakaoBank falls out of Kospi top 10 on 3rd trading day

KakaoBank Corp. has fallen out of the top 10 list on Kospi on Aug. 10, its third trading day, with Celltrion and Kia Corp. overtaking the company ag...

SK Group expands foothold in Southeast Asia fintech sector

SK Group expands foothold in Southeast Asia fintech sector

South Korea’s energy and telecom conglomerate SK Group is aggressively strengthening its foothold in the Southeast Asian fintech business.SK S...

SK Hynix to set up US NAND firm led by Intel’s senior vice president

SK Hynix to set up US NAND firm led by Intel’s senior vice president

SK Hynix that took over Intel Corp.’s NAND memory chip business plans to set up a new company in the United States. Intel’s senior vice ...

SK's battery unit split-off drives polarized responses

SK's battery unit split-off drives polarized responses

The share price of South Korea's SK Innovation Co. has extended losses following its confirmation on Tuesday of the battery business splif-off plan,...

KakaoBank becomes Korea's most valuable lender

KakaoBank becomes Korea's most valuable lender

KakaoBank Corp. became South Korea’s first listed internet-only bank and the country's most valuable lender upon its trading debut on Aug. 6...

Naver Financial, SoftBank invest $25 mn in blockchain startup TBCASoft

Naver Financial, SoftBank invest $25 mn in blockchain startup TBCASoft

South Korea-based Naver Financial, the fintech arm of online giant Naver Corp., has invested $20 million in a Series B funding round for the US-base...

SK Innovation to split battery unit in October, seeks IPO

SK Innovation to split battery unit in October, seeks IPO

South Korea’s top energy company SK Innovation Co. decided to split off its battery business in October with a plan to list the new affiliate ...

KKR, IMM PE in bid for SK E&S' $2 bn preferred shares

KKR, IMM PE in bid for SK E&S' $2 bn preferred shares

KKR & Co., IMM Private Equity and Glenwood Private Equity are among the preliminary bidders for 2 trillion won ($1.9 billion) worth of new prefe...

TiumBio acquires stake in SK Plasma to beef up R&D for rare diseases

TiumBio acquires stake in SK Plasma to beef up R&D for rare diseases

South Korea-based biopharmaceutical company TiumBio is set to acquire 30 billion won ($26 million) worth of shares in SK Plasma, a blood product com...

Korea’s major banking groups post record-high earnings in H1

Korea’s major banking groups post record-high earnings in H1

South Korea’s major banking groups have posted the highest-ever net profit figures in the first half of this year. Shinhan Financial Group rep...

SK Hynix sees robust chip demand for rest of year after strong Q2 sales

SK Hynix sees robust chip demand for rest of year after strong Q2 sales

SK Hynix Inc., the world’s second-largest memory chipmaker, on Tuesday posted its highest quarterly profit and sales in nearly three years on ...

SK, China's Joyvio to launch $90 mn alternative food fund

SK, China's Joyvio to launch $90 mn alternative food fund

SK Inc., the investment arm of South Korea's SK Group, will launch a 100 billion won ($90 million) fund jointly with Joyvio Group, a unit of Chinese...

SK Materials’ shares fly high on rosy business outlook

SK Materials’ shares fly high on rosy business outlook

Shares of SK Materials Co., the industrial gas manufacturing affiliate of South Korea’s SK Group, are hovering around all-time high levels ami...

KDB seeks to sell $2.3 bn CBs in HMM to lay groundwork for stake sale

KDB seeks to sell $2.3 bn CBs in HMM to lay groundwork for stake sale

The state-run Korea Development Bank (KDB) is seeking to sell 2.6 trillion won ($2.3 billion) in perpetual convertible bonds issued by HMM Co., th...

SK Materials to form a JV with US battery startup Group14 Technologies

SK Materials to form a JV with US battery startup Group14 Technologies

SK Materials Co., SK Group’s industrial gas manufacturing arm, will set up a joint venture (JV) with a US battery materials startup Group14 ...

SK Hynix joins Micron in 4th-gen 10nm DRAM production

SK Hynix joins Micron in 4th-gen 10nm DRAM production

SK Hynix Inc. has kicked off mass production of its 8 Gigabit (Gb) LPDDR4 mobile DRAM chips based on the 1a nanometer (1anm) node, according to the ...

Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media Return of the K-pop queens: Blackpink, Twice power up YG, JYP Samsung to launch AI health coach beta in US by end-2025 South Korea moves to mandate treasury share cancellation