Seoul leans toward alternative military service for BTS
South Korea is leaning toward allowing the K-pop boy band BTS to fulfill alternative service instead of active military duty, the country’s mi...
Seoul suspends new antitrust bill on trade conflict fears
South Korea has postponed the introduction of a new law aimed at expanding its authority beyond Korean entrepreneurs, people familiar with the matte...
DL Chemical’s Cariflex to build $384 million latex plant in Singapore
South Korea’s DL Chemical Co., a unit of the petrochemical-to-construction conglomerate DL Group, said on Thursday it is spending 500 billion ...
LG Chem, GM in $30.6 billion EV battery materials supply deal
South Korea’s top chemicals company LG Chem Ltd. has signed a long-term battery materials supply deal with General Motors Co. to support the U...
SK to build first chip packaging plant in US with $22 bn investment
WASHINGTON DC – SK Group, South Korea’s second-largest conglomerate, said on Wednesday it will build its first memory chip packaging fac...
LG Energy, China’s Huayou Cobalt to build battery recycling joint venture
South Korea’s top battery maker LG Energy Solution Ltd. and China’s mining company Zhejiang Huayou Cobalt Co. have agreed to launch a ba...
Korean firms rush to sell real estate to raise cash
South Korean companies are selling real estate and subsidiaries to raise cash as accelerating inflation, rising interest rates and the soft won all ...
Indonesian president to visit Hyundai Motor during Korea visit
Indonesian President Joko Widodo will visit Hyundai Motor Co. during his upcoming two-day official visit to South Korea as the automaker is aggressi...
SK Chem to build plastic recycling plants in China
SK Chemicals Co. plans to build plastic recycling plants in China in partnership with a Chinese eco-friendly materials supplier as its parent SK Gro...
Samsung presents Texas with $200 bn chip investment plan proposition
Samsung Electronics Co., the world’s top memory chipmaker, has presented a tax break proposal to the State of Texas as part of its plan to inv...
Samsung SDI to build new battery plant in Malaysia by 2025
South Korea’s battery manufacturer Samsung SDI Co. held a groundbreaking ceremony for Plant 2 to make cylindrical batteries in Seremban, Mal...
Seoul to lure visitors with themed tours, video featuring BTS
Seoul, the capital of South Korea, is kickstarting efforts to attract foreign visitors with new tour programs and a promotional video featuring the ...
IGIS, KKR to buy Shinhan Investment HQ for $487 mn
A consortium led by South Korea’s IGIS Asset Management Co. and US private equity giant KKR & Co. is set to acquire Shinhan Investment Cor...
Chanel’s first VIP boutique to open in Asia – will it be in Seoul?
A couple of months ago, media outlets reported Chanel plans to open stores solely for VIP shopping in Asia.The French label is widely expected to op...
Samsung Biologics to double CDMO capacity with new plants worth $5.3 bn
Samsung Biologics Co., the world’s largest contract drugmaker, plans to double its manufacturing capacity by building four additional plants w...
Commercial real estate market in Seoul shrinks in H1 2022
The commercial real estate market in Seoul slowed this year, according to a report by South Korean online property platform RSquare. The sum of the ...
The case for improved Seoul-Tokyo relations
Unlike the West or China, which showed vastly different reactions, most South Koreans had a more complicated initial response to the news of forme...
Hyundai Motor to build 1st Korea plant in 29 years
Hyundai Motor Co., South Korea’s top automaker, is set to build a domestic electric vehicle plant in its first local production investment i...
SD Biosensor seeks more M&As, to build diagnostic kit plant in US
SD Biosensor Inc., the world's largest COVID-19 test kit seller, is seeking additional merger and acquisition targets in the US following its recent...
Korean PE firms' 2021 funds bet on parts makers, dividend stock
IMM Investment Co. and STIC Investments Co., the two most active South Korean private equity firms in 2021 fundraising, made bets on a dividend-focu...
SK Group set to buy landmark Seoul building for about $500 mn
South Korea’s second-largest conglomerate SK Group will be buying a landmark office building in a central business district of Seoul for aroun...
POSCO, LS Electric to build EV parts plants in Mexico
South Korea's POSCO International Co. broke ground on an electric vehicle parts plant in northern Mexico on July 6, while LS Electric Co. signed a t...
Small S.Korean PE firms flex muscle during pandemic
Private equity firms registered in South Korea enjoyed a 20% jump in their accumulated commitments in 2021 as a whole, led by small and medium-sized...
Biden and leaders of Japan and South Korea pledge greater cooperation
President Biden met with the heads of Japan and South Korea—the first such gathering between the three countries’ leaders in nearly five...
SK E&S to launch London office in view of growth opportunities in Europe
SK E&S Co., the natural gas business unit of South Korea’s SK Group, is preparing to open a business office in London as it sees growth op...
Plagiarism scandal hits top S.Korean university over AI-themed papers
South Korea's most prestigious university is embroiled in a plagiarism scandal after two papers it published on artificial intelligence are believed...
Meta, Seoul National University jointly set up XR research center
Meta Platforms Inc., formerly known as Facebook, and Seoul National University (SNU) jointly launched an extended reality (XR) research center in So...
LG eyes clean tech supremacy with $1.5 bn spending on green projects
South Korea’s fourth-largest conglomerate LG is setting its sights on clean energy technology as it steps up efforts to transform into an eco-...
SK Telecom expands system for self-driving in Seoul
SK Telecom Co., South Korea’s top mobile carrier, has expanded the area covered by the traffic control system for self-driving in Seoul, takin...
Retailers rely on property redevelopment as earnings sag
South Korea’s large retailers are keen on redeveloping their decades-old stores into modern residential and commercial complexes as a way out ...
