POSCO may need months to normalize typhoon-hit steel mill

POSCO, the world’s sixth-largest steelmaker, is expected to need months to resume full operations of its typhoon-hit plant, which makes up a q...

Biden’s move to beef up US bio industry poses threat to Korean firms

President Joe Biden’s plan to support the US biomanufacturing infrastructure aimed at containing China’s clout is posing a threat to Sou...

Samsung family’s shareholdings shrink by $8 bn in one year

Samsung Group’s four heirs to the late Chairman Lee Kun-hee have seen their group company shareholdings shrink by a combined 11 trillion won (...

DB HiTek develops automotive power semiconductor tech

DB HiTek Co., South Korea’s major foundry chipmaker, developed the automotive power semiconductor process technology to meet the increasing de...

Samsung’s $22 bn new chip plant up and running to make NAND flash

PYEONGTAEK – Samsung Electronics Co., the world’s largest memory chipmaker, said on Wednesday it has put its new 30 trillion won ($22 bi...

Samsung set for record Q3 profit on iPhone 14 series shipments

Samsung Display Co. is expected to report its strongest results for the current quarter, after the South Korean OLED panel maker sharply increased s...

Daewoo, Samsung bag $2.3 bn LNG ship order

Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. secured LNG ship orders worth a combined 3.2 trillion won ($2.3 bi...

Samsung C&T ties up with Korean firms for hydrogen biz

Samsung C&T Corp., the construction and trading arm of Samsung Group, has joined forces for the clean hydrogen businesses with South Korean comp...

Samsung, LG eye niche sectors to boost tablet sales

South Korea’s electronics companies are launching tablet PCs with niche targets as the global tablet market has shrunk for four consecutive qu...

LG Elec unveils new NFT platform, aims to turn living room into art gallery

LG Electronics Inc. announced Monday it has launched its very own non-fungible token (NFT) platform, LG Art Lab. Now available in the United St...

Samsung Elec executive touts ‘significant progress’ in M&A efforts

BERLIN – Samsung Electronics Co. has made “significant progress” in the company’s merger and acquisition (M&A) efforts, ...

Samsung leader Lee’s latest role: Special envoy for World Expo 2030 bid

As South Korea is serious about hosting the World Expo 2030, the country’s top business leaders will be given new roles: Leading the governmen...

Samsung, LG present home appliances future at IFA 2022

BERLIN -- South Korea’s leading home appliances makers Samsung Electronics Co. and LG Electronics Inc. are showcasing the future of consumer t...

SK Ecoplant bets on US battery recycling firm Ascend Elements

South Korea’s SK Ecoplant Co., formerly SK Engineering & Construction Co., signed a stock purchase agreement (SPA) on Aug. 31 to invest $5...

South Korean government slashes fund of funds budget by 40% on-year

The South Korean government is facing a backlash from the startup and venture capital sectors after slashing next year’s fund of funds budget....

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...

Micron’s entry into DDR5 market: A boon for Samsung, SK Hynix

The emergence of a rival is usually a cause of distress for existing players.Micron Technology Inc.’s entry into the DDR5 DRAM arena, however,...

LG Electronics to debut world’s largest 97-inch OLED TV at IFA 2022

LG Electronics Inc. will unveil the world’s largest 97-inch organic light-emitting diode TV at the upcoming electronics show in Germany, a mov...

Samsung, LG boost use of recycled materials for electronics

South Korean tech giants Samsung and LG are increasing their amount of electronic products made from recycled materials. The companies will showcase...

LG Electronics to operate two lounges for OLED R monitor at Frieze Seoul

South Korean electronics giant LG Electronics Inc. will operate two lounges at the world-renowned Frieze Art Fair’s inaugural event in Seoul.&...

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...

Demand for Samsung foldables keeps smartphone parts makers busy

Smartphone parts suppliers to Samsung Electronics Co. are running their plants at full capacity as the South Korean tech giant’s latest fold...

Samsung SDS to collaborate with NIST in post-quantum cryptography

Samsung SDS Co. announced on Thursday it will participate in the Migration to Post-Quantum Cryptography (PQC) project hosted by the National Cyberse...

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...

Samsung C&T to build solar power plants worth $595 mn in Qatar

South Korea’s Samsung C&T Corp. is set to build solar power plants worth 800 billion won ($595.2 million) in Qatar, helping the Middle Eas...

LG to nurture automotive electronics talent at Korean universities

LG Electronics Inc., the world’s leading home appliance maker, plans to foster talent for its automotive electronics business at South Korean ...

Samsung to spend $74 bn on chip production lines in Korea

Samsung Electronics Co., the world’s top memory chipmaker, is expected to invest some $74 billion to expand semiconductor production capacity ...

Samsung Electronics retains top TV vendor status in shrinking market

South Korea’s two home appliances giants – Samsung Electronics Co. and LG Electronics Inc. – dominated the global TV market in the...