S.Korea's LS Cable to become KT Submarine's largest shareholder
South Korea’s leading cable manufacturer LS Cable & System Ltd. is poised to become the largest shareholder of undersea cable construction...
Korea, Hyundai Motor request 3-year reprieve on US EV tax credit law
The South Korean government and the country’s top automaker Hyundai Motor Co. have requested the US government give Korean carmakers a three-y...
Hyundai Heavy to invest $30 million in TerraPower for SMR business
South Korea’s Hyundai Heavy Industries Group said on Friday it has signed a deal to invest $30 million in TerraPower, a US nuclear power ventu...
Samsung Elec's brand value rises to $87.7 billion
Samsung Electronics' brand value has broken the $80 billion mark. Korea's flagship company saw such value grow in double digits for the second ...
Hyundai Oilbank extends US fuel export deal with Sunoco
Hyundai Oilbank Co. extended a deal with US independent fuel distributor Sunoco LP to export petroleum products to Hawaii as the South Korean refine...
BOK may raise rates by 50 bps again on Fed, inflation
South Korea’s central bank may increase interest rates by 50 basis points again as the US Federal Reserve continued to aggressively tighten mo...
Hyundai, Kia post record hybrid vehicle sales in US in October
Hyundai Motor Co. and Kia Corp., which are gradually increasing their presence in the US market, saw their hybrid vehicle sales reach an all-time hi...
EcoPro BM to build battery materials plant in Canada
EcoPro BM Co., South Korea’s leading battery material producer, is set to build a plant in Canada with a $704 million investment in a partners...
Ex-LG Elec purchase head named Starkist CEO
Dongwon Group, a South Korean seafood and logistics conglomerate, announced on Monday that it has appointed Um Jae-woong, LG Electronics Inc.’...
Naver Webtoon to pursue profits with Yonder app launch in US
South Korea’s Naver Webtoon Corp. has been successful in the domestic market with its loyal subscribers willing to pay to read a diverse libra...
Rising interest rates reshuffle Korean market cap list
Rising interest rates amid a slowing global economy rattled South Korean companies’ market capitalization rankings, bumping online players suc...
Kyobo Life bets on US direct lending, keeps watch on Europe
South Korea’s Kyobo Life Insurance Co. focused on US direct lending market this year given the rising probability of a European market recessi...
Samsung SDI beats CATL in EV battery operating margin
Samsung SDI Co., the world’s sixth-largest electric vehicle battery maker, reported a higher operating margin than that of the global leader C...
Hyundai Motor to boost US presence with $5.5 bn new Georgia EV plant
Hyundai Motor Co. broke ground on a $5.54 billion electric vehicle and battery plant in the US state of Georgia on Tuesday, as the top South Korean ...
OCI to invest $40 million to expand US solar module production facilities
OCI Co., a leading South Korean solar power cell manufacturer, said on Monday it will invest $40 million to expand the solar cell module production ...
Keppel completes Korean waste treatment firm takeover for $530 mn
Singapore-based Keppel Infrastructure completed the acquisition of South Korea’s leading waste management company EMK Co. for 760 billion won ...
LG Energy set to ink graphite deal with Australia’s Syrah Resources
South Korea’s LG Energy Solution Ltd. said on Thursday it has signed an initial agreement to explore graphite procurement from Australia&rsquo...
Korea's LG Chem buys Nasdaq-listed biotech firm AVEO for $566 mn
South Korea’s chemicals giant LG Chem Ltd. announced on Oct. 18 that it will acquire AVEO Pharmaceuticals Inc., a Nasdaq-listed US biotech fir...
Hyundai Mobis supplies EV modules to Mercedes in US
South Korea’s top auto parts manufacturer Hyundai Mobis Co. has begun supplying key modules for Mercedes-Benz AG’s electric vehicles pro...
Korean bio suffers as weak won lifts global clinical trial costs
South Korean biopharmaceutical firms are facing challenges in clinical trials overseas alongside the rising Korean won to the US dollar exchange rat...
US DOE officials in Seoul to meet with Hyundai Motor, battery makers
US Department of Energy officials are in South Korea to discuss details of its electric vehicle and battery tax credit law with Korean government of...
Firm dollar deters Korea Inc.’s overseas acquisition deals
The firm dollar is causing South Korean companies to postpone or cancel their plans to buy overseas firms for future growth as the US currency&rsquo...
For South Korea, US EV subsidies both give and take away
The Inflation Reduction Act provides a plethora of subsidies to boost domestic manufacturing for goods that help combat climate change. Tweaks to ...
SillaJen shares jump as exchange maintains listing, allows resumed trade
Shares in South Korea’s scandal-hit biotechnological company SillaJen Inc. soared on Thursday after the local exchange decided to maintain the...
S.Korea, Chile to jointly develop key EV battery materials
South Korea has joined hands with Chile in a move to cope with the US’ Inflation Reduction Act, as well as strengthen the two countries' ties ...
US to allow Samsung, SK Hynix to import to China for 1 year
The Biden administration has decided to allow Samsung Electronics Co. and SK Hynix Inc., the world’s two largest memory chipmakers, to import ...
KLA to stop chip tool supply to customers in China: Report
US chip toolmaker KLA Corp. will cease offering some supplies and services from Wednesday to China-based customers including SK Hynix Inc., the worl...
POSCO Holdings to invest extra $1.1 billion in Argentine lithium plant
POSCO Group, which owns South Korea’s largest steelmaker, plans to invest an additional $1.09 billion, or 5 trillion won, in its lithium produ...
US sanctions on Russia may hinder Korean Medit sale
US private equity giants The Carlyle Group and Kohlberg Kravis Roberts & Co. (KKR) may have to give up on their acquisition plans of Medit Corp....
Fed may allow recession to stem inflation: Ex-Boston Fed chief
NEW YORK -- The Federal Reserve will not be able to stem rampant inflation in the US without an economic recession, former Boston Fed President Eric...
