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NPS selects four Korean VCs to invest 150 bn won

NPS selects four Korean VCs to invest 150 bn won

The National Pension Service (NPS) of South Korea said on Nov. 9 it has selected the venture capital firms that will entrust the pension fund&rsqu...

Daewoo Shipbuilding, Samsung Heavy win LNG carriers order from Qatar

Daewoo Shipbuilding, Samsung Heavy win LNG carriers order from Qatar

South Korea’s major shipbuilders Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. won orders for six liquefie...

LG Energy Solution to supply batteries to US fuel cell truck maker Nikola

LG Energy Solution to supply batteries to US fuel cell truck maker Nikola

LG Energy Solution Ltd., a leading South Korean battery maker, has signed a deal to supply batteries to Nikola Corp., a US hydrogen fuel cell electr...

Hyundai Oilbank to develop eco-friendly e-fuels with Danish firm

Hyundai Oilbank to develop eco-friendly e-fuels with Danish firm

Hyundai Oilbank Co. plans to develop eco-friendly electrofuels, or e-fuels, jointly with Denmark's Haldor Topsoe as the South Korean oil refiner has...

Wooyoungmi emerges as 'new luxury' menswear brand

Wooyoungmi emerges as 'new luxury' menswear brand

When South Korean menswear brand Wooyoungmi had the highest sales in the men’s fashion hall of Paris-based luxury department store Le Bon Marc...

Samsung Heavy raises $1.1 bn in rights issue as planned

Samsung Heavy raises $1.1 bn in rights issue as planned

South Korea's Samsung Heavy Industries Co. last week raised 1.3 trillion won ($1.1 billion) in a rights issue to existing shareholders as planned, a...

SK Hynix in $492 million Key Foundry deal, doubles foundry capacity

SK Hynix in $492 million Key Foundry deal, doubles foundry capacity

SK Hynix Inc., the world’s second-largest memory chipmaker, said on Friday it is acquiring a 100% stake in South Korea-based Key Foundry for 5...

Uncertainty clouds Samsung as paradigm shifts toward profitability

Uncertainty clouds Samsung as paradigm shifts toward profitability

Samsung Electronics Co.’s third-quarter earnings report on Thursday was almost perfect but for one thing. The world’s top memory maker s...

Samsung Biologics-made Moderna vaccine available to Koreans this week

Samsung Biologics-made Moderna vaccine available to Koreans this week

Moderna Inc.’s COVID-19 vaccine first produced by Samsung Biologics Co. under a contract manufacturing organization (CMO) service will be avai...

LCS Group, Bosung Powertec to form $40 mn fund for telecom tower project

LCS Group, Bosung Powertec to form $40 mn fund for telecom tower project

LCS Group Korea, a South Korean corporate set up by the Philippines' LCS Group of Companies, signed a joint venture establishment contract on Oct. 2...

Samsung SDI, Stellantis to build billion-dollar battery JV in US

Samsung SDI, Stellantis to build billion-dollar battery JV in US

Samsung SDI Co. has partnered with Dutch-domiciled multinational automaker Stellantis N.V. to build a multi-billion-dollar battery facility in the U...

FNC Entertainment next in line for global success, shares surge

FNC Entertainment next in line for global success, shares surge

Shares of FNC Entertainment Co., a mid-size South Korean entertainment agency, are surging on expectations that offline concerts will soon resume wi...

Korean VC firms expand investment in Southeast Asia

Korean VC firms expand investment in Southeast Asia

South Korean venture capital firms are expanding their investment in Southeast Asia,  where startups grow rapidly based on a large population.K...

Samsung aims to unveil autonomous ships in 2022

Samsung aims to unveil autonomous ships in 2022

Samsung Heavy Industries Co. last month successfully completed a sea trial of its self-operating vessel technology, which enables two autonomous shi...

Enchem: A Samsung hive-off that turns into an electrolyte giant

Enchem: A Samsung hive-off that turns into an electrolyte giant

When Cheil Industries, a former chemical unit of South Korea’s largest conglomerate Samsung Group, decided to hive off a business unit that ma...

LG Energy Solution’s IPO plan remains elusive after GM recall settlement

LG Energy Solution’s IPO plan remains elusive after GM recall settlement

South Korea’s top battery maker LG Energy Solution Ltd. is about to resume its initial share sale plan shelved for months due to the uncertain...

Samsung shares' underperformance deepens on growth concerns, won

Samsung shares' underperformance deepens on growth concerns, won

Shares of Samsung Electronics Co., South Korea’s largest stock on the main bourse, are significantly underperforming as analysts slash price t...

Huawei, Ericsson or Nokia? Apple or Samsung? US or China? Who’s winning the 5G races?

Huawei, Ericsson or Nokia? Apple or Samsung? US or China? Who’s winning the 5G races?

Once a glimmer in the eyes of executives from Shenzhen to Silicon Valley, 5G now dominates a broad swath of the global supply chain—and the ...

Samsung makes industry’s smallest 14 nm DDR5 chip with EUV technology

Samsung makes industry’s smallest 14 nm DDR5 chip with EUV technology

Samsung Electronics Co., the world’s largest memory chipmaker, said on Tuesday it has begun mass production of the industry’s smallest 1...

Tax burden pushes Samsung heirs to sell $1.8 bn worth of shares by April 2022

Tax burden pushes Samsung heirs to sell $1.8 bn worth of shares by April 2022

The heavy inheritance tax burden in South Korea is pushing the heirs of the late Samsung Group Chairman Lee Kun-hee to sell about 2.2 trillion won (...

Samsung, SK Hynix to pay corporate taxes to foreign countries

Samsung, SK Hynix to pay corporate taxes to foreign countries

South Korea’s chipmaking giants Samsung Electronics Co. and SK Hynix are set to pay hundreds of millions of dollars in corporate taxes to fore...

Samsung surprises foundry industry with plan for 2 nm chips

Samsung surprises foundry industry with plan for 2 nm chips

Samsung Electronics Co. caught its global semiconductor competitors off guard last week at the Samsung Foundry Forum 2021 with its announced plan to...

Samsung Q3 operating profit at 3-year high on chips, Galaxy

Samsung Q3 operating profit at 3-year high on chips, Galaxy

Samsung Electronics Co., the world’s top memory chip and smartphone maker, reported its highest operating profit in three years with record ...

Stonebridge Ventures, Capstone prepare for 2022 IPOs

Stonebridge Ventures, Capstone prepare for 2022 IPOs

Stonebridge Ventures, South Korea's most profitable venture capital firm, will submit its application for an initial public offering this month to l...

Samsung to make 2-nanometer GAA chips by 2025 to overtake TSMC

Samsung to make 2-nanometer GAA chips by 2025 to overtake TSMC

Samsung Electronics Co. said on Thursday it will be able to commercialize a 2-nanometer transistor process technology by 2025 to take on bigger foun...

S.Korea shows rare unease against US request for Samsung data

S.Korea shows rare unease against US request for Samsung data

The South Korean government has expressed open concern about the recent request by the US Department of Commerce for more information on the global ...

Chip shortage slams Korean carmakers’ new car rollouts

Chip shortage slams Korean carmakers’ new car rollouts

The unprecedented global chip shortage is thwarting automakers’ plans to roll out new vehicles, with some popular models set to be delivered t...

Food triggers next phase of global K-culture craze

Food triggers next phase of global K-culture craze

The ongoing global fever over South Korean music and entertainment content is driving the rapid growth of the country’s packaged food manufact...

Next K-wave in Asia: Convenience stores

Next K-wave in Asia: Convenience stores

When South Korean major convenience store chain CU opened its first branch in Malaysia on April 1, there was a queue of more than 100 meters to get ...

Samsung's cash reserves dwindle on increased R&D, other investments

Samsung's cash reserves dwindle on increased R&D, other investments

Samsung Electronics Co. is well known for its ample cash reserves close to $100 billion, ready to spend where it deems necessary for growth.But the ...

Is chip winter over? Doomsayers gone as Korea’s DRAM exports surge S.Korea to have 1st civilian defense minister in decades, tap career technocrats Fubon Bank expands Korea presence into banking Hana Asset launches ultra-low-fee Nasdaq 100 ETF Even barcodes copied: Counterfeits invasion threatens K-brands

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