SK Innovation, Ford agree to launch $5.3 bn EV battery JV in US

SK Innovation, Ford agree to launch $5.3 bn EV battery JV in US

South Korean battery maker SK Innovation Co. and Ford Motor Co. have agreed to launch a 6 trillion won ($5.3 billion) joint venture to support the U...

Hyundai Motor to make EVs in US with $7.4 bn investment by 2025

Hyundai Motor to make EVs in US with $7.4 bn investment by 2025

Hyundai Motor Group will pump $7.4 billion into its US operations by 2025, with a focus on future mobility segments, including electric vehicles (EV...

HiteJinro to export Terra beer to Hong Kong, Singapore, US

HiteJinro to export Terra beer to Hong Kong, Singapore, US

South Korea’s record-breaking Terra beer will begin exports to Hong Kong this month, and to Singapore and the United States from the latter ha...

Samsung to jump into laptop processor market with Exynos chip in H2

Samsung to jump into laptop processor market with Exynos chip in H2

With the global laptop computer market growing rapidly in the pandemic-caused work-and-learn from home era, Samsung Electronics Co. is working on a ...

Hyundai Motor to launch Genesis in Europe; US auto sales at record high

Hyundai Motor to launch Genesis in Europe; US auto sales at record high

Hyundai Motor Co. is taking its standalone high-end brand Genesis to Europe, the traditional stronghold of premium cars such as BMW and Audi, as the...

Kia posts record US sales for 2nd straight month, driven by SUVs

Kia posts record US sales for 2nd straight month, driven by SUVs

Kia Corp., an automaking affiliate of the Hyundai Motor Group, on Monday posted its best-ever monthly US auto sales for a second straight month in A...

Korea bourse tries to halt unicorns following Coupang in US IPO

Korea bourse tries to halt unicorns following Coupang in US IPO

The Korea Exchange (KRX) will lower the bar for domestic startups' initial public offerings at home so that they will be dissuaded from joining the ...

Samsung reports highest Q1 revenue, expects chip rebound in Q2

Samsung reports highest Q1 revenue, expects chip rebound in Q2

Samsung Electronics Co. has recorded the highest first-quarter revenue figures in the company’s history, thanks to strong performances in its ...

Mirae Asset to launch $900 mn US logistics fund

Mirae Asset to launch $900 mn US logistics fund

Mirae Asset Global Investments Co. is set to launch a 1 trillion won ($900 million) blind pool fund to invest in US logistics facilities, into which...

SK Hynix mulls foundry expansion, advances capex to ease chip shortage

SK Hynix mulls foundry expansion, advances capex to ease chip shortage

SK Hynix Inc., the world’s second-largest memory chipmaker, said on Wednesday that it is looking into various options to grow its foundry busi...

CalSTRS, POBA launch $600 mn US property loan JV

CalSTRS, POBA launch $600 mn US property loan JV

The California State Teachers’ Retirement System (CalSTRS) and South Korea's Public Officials Benefit Association (POBA) have launched a $600 ...

Wonbang Tech: S.Korea’s leading chip clean room company

Wonbang Tech: S.Korea’s leading chip clean room company

The dew point is the temperature at which the air becomes saturated with water vapor. When cooled further below the point, the airborne water vapor ...

Korean-made small SUVs reach 50% share in US market

Korean-made small SUVs reach 50% share in US market

Sport utility vehicles (SUVs) manufactured in South Korea have earned more than half the market share in the small-size SUV segment in the US.In the...

Korean-made small SUVs reach 50% share in US market

Korean-made small SUVs reach 50% share in US market

Sport utility vehicles (SUVs) manufactured in South Korea have earned more than half the market share in the small-size SUV segment in the US.In the...

Veteran actress Youn Yuh-jung becomes first Korean to win acting Oscar

Veteran actress Youn Yuh-jung becomes first Korean to win acting Oscar

Actress Youn Yuh-jung has made history by becoming the first Korean actor to win an Oscar at the Academy Awards, held in Los Angeles Sunday night.&n...

Big data firm FiscalNote eyes SPAC listing in US; valuation could top $1 bn

Big data firm FiscalNote eyes SPAC listing in US; valuation could top $1 bn

FiscalNote, a Washington D.C.-based tech firm that uses artificial intelligence and big data to track, predict and analyze regulation and legislatio...

Second-tier chipmakers ramp up investments amid chip shortage

Second-tier chipmakers ramp up investments amid chip shortage

Second-tier chipmakers have been ramping up investment to boost their footing in the industry as they expect chip demand to gradually increase in li...

Hyundai Motor chairman visits US, seeks business opportunities

Hyundai Motor chairman visits US, seeks business opportunities

Hyundai Motor Group Chairman Chung Euisun is visiting the United States seeking business opportunities in one of the South Korean automotive group&r...

Hyundai Motor Q1 net profit triples; chip shortage dims Q2 outlook

Hyundai Motor Q1 net profit triples; chip shortage dims Q2 outlook

South Korea’s top automaker Hyundai Motor Co. said on Thursday its first-quarter net profit nearly tripled to the highest level in four years,...

DONT PUBLISH/EDIT ONLY: FiscalNote en route to US listing; valuation to reach $2 bn

DONT PUBLISH/EDIT ONLY: FiscalNote en route to US listing; valuation to reach $2 bn

FiscalNote, a Washington D.C.-based tech firm that uses artificial intelligence and big data to track, predict and analyze regulations and legislati...

Naver mulls US listing for webtoon business

Naver mulls US listing for webtoon business

South Korea’s top online portal Naver Corp. is considering more dollar bond sales after it raised $500 million last month in its first foreign...

Samsung unveils mid-band 5G equipment to target $9.9 bn US market

Samsung unveils mid-band 5G equipment to target $9.9 bn US market

Samsung Electronics Co. has unveiled a range of fifth-generation wireless equipment solutions targeting the US mobile service market, expected to ac...

GM, LG to build second US EV battery plant in Tennessee

GM, LG to build second US EV battery plant in Tennessee

LG Energy Solution Ltd. and General Motors Co. will spend 2.7 trillion won ($2.4 billion) to build their second US electric vehicle battery plant in...

Chip shortage worsens, keeps Samsung execs on edge

Chip shortage worsens, keeps Samsung execs on edge

The global chip shortage, which began with declining supply of automotive chips, is crippling swaths of industries beyond the electronic devices sec...

POSCO Chem to build cathode factories in EU, US from 2022

POSCO Chem to build cathode factories in EU, US from 2022

POSCO Chemical Co., the secondary battery materials unit of POSCO, plans to ramp up its cathode production by building new plants in Europe and the ...

GM Korea to halt 2 main plants next week on automotive chip shortage

GM Korea to halt 2 main plants next week on automotive chip shortage

The South Korean unit of US auto giant General Motors Co. will halt two of its three plants next week in the latest sign of the worsening global aut...

Quest for semicon autonomy pushes countries to brink of chip cold war

Quest for semicon autonomy pushes countries to brink of chip cold war

The ongoing global race for semiconductors, largely driven by the aggressive measures taken by both China and the US, has entered a more serious pha...

Samsung walks tightrope on US investment; invited to White House talks

Samsung walks tightrope on US investment; invited to White House talks

Samsung Electronics Co., the only South Korean company invited to a special White House meeting on the global semiconductor shortage, is likely to f...

Shares of chip machinery makers rise on foundry boom

Shares of chip machinery makers rise on foundry boom

South Korean manufacturers of chip production equipment have seen their share prices rising sharply, buoyed by a series of new orders received from ...

Cuckoo home appliances post record sales in US, Vietnam

Cuckoo home appliances post record sales in US, Vietnam

South Korea’s leading kitchen appliances maker Cuckoo Holdings Co. has posted record growth in overseas sales, largely driven by successes i...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race