Samsung C&T to cancel $2.3 bn worth of treasury shares, stocks up

Samsung C&T Corp.’s share price zoomed on Thursday on news that the company will cancel its entire treasury stock holdings worth about 2.9...

SK Ecoplant enters bioenergy sector with waste-to-fuel tech

South Korea's SK Ecoplant Co. will supply fuel made from the conversion of food waste.The company on Thursday said it entered the bioenergy market a...

SK Biopharm holds sales meeting for marketing Cenobamate in US

On Wednesday, SK Biopharmaceuticals Co. announced that its US subsidiary, SK Life Sciences Inc., held a "National Sales Meeting" in San Diego. The p...

SK Hynix may not slash chipmaking investment in 2023: vice chairman

SK Hynix Inc., the world’s second-largest memory chipmaker, will not significantly cut its semiconductor output this year, Vice Chairman Park ...

Korean PE firm STIC to buy stake in copper foil maker Iljin

South Korean private equity firm STIC Investments is poised to become the second-largest shareholder of Iljin Materials Co., a Kosdaq-listed battery...

Ford EV production halt casts doubts over SK cell quality

Ford Motor Co. said on Tuesday it has stopped production and shipments of the F-150 Lightning electric pickup truck due to a possible battery issue,...

Law firm's paper on SM: Trigger of SM Ent.'s management feud

On Jan. 19, SM Entertainment Co. founder and former Chief Producer Lee Soo-man received a 17-page document written by South Korea’s largest la...

KT Group signs MOUs with Mongolian firms to explore joint opportunities

South Korea's KT Group has signed multiple memorandums of understanding (MOUs) with the Mongolian government and economic delegation to explore pote...

S.Korea, Mongolia discuss stabilization of mineral supply chains

The Korea Chamber of Commerce and Industry and  Mongolian National Chamber of Commerce and Industry in Seoul on Tuesday held a business forum o...

POSCO ties up with Aussie firm on US EV cell mineral project

South Korea’s POSCO Group has joined hands with an Australian company to work on an electric vehicle battery material project in the US as it ...

Bespin Global, STEG partner to develop cloud management platform

South Korea's two IT firms, Bespin Global and STEG, have teamed up to jointly develop a cloud operation management platform. Bespin Global said on T...

LG Energy Solution tops global EV battery market excluding China

South Korea's LG Energy Solution Ltd. for the second straight year was No. 1 on the global market for electric vehicle (EV) batteries excluding Chin...

SK Plasma, Janssen Korea sign sales, distribution agreement

SK Plasma Co. Ltd., a South Korean company specializing in the production of plasma derivatives from human plasma, is expanding its product portfoli...

Samsung, SK Hynix: key beneficiaries of ChatGPT fever

Samsung Electronics Co. and SK Hynix Inc., the world’s two largest memory chipmakers, stand to benefit from the global popularity of ChatGPT. ...

Lotte Fine Chemical transforms from ugly duckling to golden swan

For Samsung Group, the fine chemicals business was an ugly duckling losing money while other affiliates, including Samsung Electronics Co., were flu...

Zigbang signs agreement with Saudi's National Housing Company

On Monday, South Korean proptech company Zigbang announced a partnership with Saudi Arabia's National Housing Company with the goal of digitalizing ...

S.Korean IT firms rush for tie-ups to compete with ChatGPT

South Korean tech companies are rushing to form partnerships in different sectors to develop superior AI services to compete with ChatGPT, a chatbot...

Responsible mineral sourcing key to Korean battery materials makers

South Korea’s battery materials makers are stepping up their efforts to conform to environmental, social and governance (ESG) standards throug...

SK Telecom doubles capacity of its AI service's supercomputer Titan

South Korea's SK Telecom Co. on Sunday said it had doubled the processing capacity of its supercomputer Titan, the brain of its artificial intellige...

Korea’s Hyundai Dept. Store drops holding company plan

South Korea’s major retailer Hyundai Department Store Group Co. gave up a plan to split off its core high-end shopping mall affiliate and conv...

Korean listed firms’ Q4 results miss forecast by big margin

Weak demand from a global economic slump took a big toll on South Korean companies in the fourth quarter of last year, making many of them miss earn...

S.Korean firms showcase hydrogen offerings in United States

South Korean energy ministry and major Korean companies including Hyundai Motor Co., SK E&S, and Korea Zinc Co. participated in the Hydrogen &am...

SK Telecom develops reconfigurable surface tech for 6G transmission

SK Telecom Co. on Thursday said it developed the world's first reconfigurable intelligent surface (RIS) technology that transmits 6G candidate frequ...

Shinhan Financial returns to top in Korea with record NP in 2022

Shinhan Financial Group Co. reported a record-high net profit of 4.6 trillion won ($3.6 billion) last year, snatching back the crown of South Korea&...

Kyobo Life Insurance speeds up creation of holding company

South Korea’s Kyobo Life Insurance Co. is set to establish a holding company by the second half of 2024. The major insurer seeks to raise its ...

SK Hynix set for largest-ever corporate bond issue at bargain prices

SK Hynix Inc., the world’s second-largest memory chipmaker, is gearing up for its largest-ever corporate bond issue in South Korea at lower-th...

SK Telecom to launch multimodal AI to match ChatGPT

South Korea’s SK Telecom Co. will adopt natural language generation and processing capabilities for its nascent artificial intelligence servic...

S.Korean firms offer aid to earthquake-stricken Turkey

South Korean companies are joining the international effort to aid Turkey in the aftermath of a devastating earthquake.Doosan Group announced on Wed...

SK E&S, Ce-tek demonstrate carbon dioxide absorbent

Ce-tek, a research company in carbon capture technology supported by South Korea's SK E&S, has conducted a demonstration experiment that dramati...

Fintech firm Kakao Pay logs first yearly net profit in 2022

Kakao Pay Corp., the mobile payment service unit of South Korean tech giant Kakao Corp., posted a net profit last year for the first time since its ...