Hyundai’s Chung rolls up sleeves to counter US EV tax credit act

Hyundai Motor Group Chairman Chung Euisun is off to the US to meet government officials and business leaders as the recently passed Inflation Reduct...

Hyundai Motor Group to invest in fabless startup BOS Semiconductors 

Hyundai Motor Group announced on Wednesday that it will invest in Seongnam-based fabless startup BOS Semiconductors, which designs system-on-chip (S...

Hyundai IONIQ 6 logs record pre-orders in South Korea

Hyundai Motor Co., South Korea’s top automaker, announced on Tuesday that its first fully electric sedan IONIQ 6 is enjoying record pre-orders...

SK, SABIC to invest $150 mn to boost Korean capacity

SK Geo Centric Co. and Saudi Basic Industries Corp. (SABIC) have agreed to co-invest 200 billion won ($150 million) to increase their production of ...

K-pop, Toyota’s platform for marketing in the US

LOS ANGELES -- Toyota Motor Corp., the top global automaker, showcased its sports cars – the GR86 and the GR Supra – at the Los Angeles ...

Korea may file complaint with WTO against US' Inflation Reduction Act

The South Korean government is considering filing a complaint with the World Trade Organization (WTO) over the US' new Inflation Reduction Act (IR...

Growing sense of déjà vu of 2008 global financial crisis

Private equity firms have snapped up South Korean assets over the past two years, driving their valuations near historic highs in the liquidity-driv...

Tesla sweeps local EV subsidies as Korean firms at disadvantage in US

Tesla Inc. and other US electric vehicle makers are enjoying strong sales in South Korea thanks to government subsidies while the revised US EV tax ...

GM Korea’s outlook gloomy without EV production

General Motors Co. is unlikely to produce electric vehicles in South Korea as it aims to maximize the benefit of the US government’s tax credi...

Samsung to invest $15 bn in semiconductor R&D complex

Samsung Electronics Co., the world’s top memory chipmaker, plans to spend 20 trillion won ($15.1 billion) by 2028 on an advanced semiconductor...

Korean air filter maker CNTUS SUNGJIN aims to crack US market

CNTUS SUNGJIN Co., a mid-sized South Korean company known for its colorful face masks made under the Aer brand, has focused on business-to-business ...

SK, SK Energy acquire US energy solution provider Atom Power

SK Inc. and SK Energy announced they have jointly acquired North Carolina-based energy solution enterprise Atom Power Inc. for $150 million.The thre...

POSCO gains huge dividend from Roy Hill mine in H1

When South Korea’s leading steelmaker POSCO Group acquired a 12.5% stake in Australia’s Roy Hill mine for 1.52 trillion won ($1.2 billio...

Daedong attracts investment from Kakao for smart mobility projects

Daedong Corp., South Korea’s leading tractor and farm machinery maker, has attracted 10 billion won ($7.6 million) from Kakao Mobility Corp. t...

KIC appoints Lee Hoon as CIO and Jung Ho-seok as CRO

Korea Investment Corporation (KIC) said on Wednesday it has promoted Lee Hoon, its former head of investment strategy and innovation division, to th...

Samsung Biologics, Samsung C&T extends investment in US biotech firms

The Life Science Fund, jointly launched by Samsung Biologics and Samsung C&T Corp., announced Wednesday it invested $15 million in US biotech fi...

CJ ENM to entertain Peacock viewers in N.America

South Korea’s entertainment powerhouse CJ ENM Co. is set to provide K-content to viewers of Peacock, a streaming platform of US media and ente...

LG Chem, ADM to build two bioplastics plants in Illinois

LG Chem Ltd., South Korea’s largest chemicals maker, said on Tuesday it has signed an agreement with Archer Daniels Midland Co. (ADM), a globa...

Boston emerges as Korean firms’ R&D hub for AI, batteries

Top South Korean conglomerates Samsung and Hyundai have selected Boston as the home of their first overseas research centers for batteries and artif...

SK Group invests $250 mn in Bill Gates’ nuclear reactor firm TerraPower

South Korea’s SK Group said on Monday it invested $250 million in TerraPower, a US venture founded by billionaire Bill Gates. The holdi...

K-chicken chain BB.Q foresees stores quadrupling in N.America

Gourmands in North America will be able to enjoy South Korean fried chicken more conveniently as BB.Q Chicken, the country’s leading franchise...

European direct lending offers investment edge: Permira

The direct lending market is garnering investor attention as it has performed well during periods of market volatility. As banks are cautious to t...

Korea's NPS upped alternative investment by 33% in 2021

The National Pension Service (NPS) of South Korea committed 204.4 trillion won ($156.7 billion) to alternative investment as of end-2021, up 32.7% f...

Experts criticize Seoul's quantum computer development efforts

The United States: 4158. South Korea: 50These figures refer to the number of qubits in a quantum computer that each country seeks to develop by 2026...

Seoul says US tax credit bill risks violation of FTA, WTO

South Korea has conveyed concerns to the US about its legislative move to remove tax credits from electric vehicles produced outside of North Americ...

Korea's small PE firms putting fundraising plans off to 2023

South Korea’s small and mid-sized private equity firms are increasingly postponing fundraising schedules for their project-based funds to the ...

SK seeks to build EV charger plant in US on subsidies

SK Group, South Korea’s No. 2 conglomerate, is seeking to build an electric vehicle charger plant in the US in a move to accelerate the expans...

Hanwha Life to spur global real estate investment via US subsidiary

South Korea’s Hanwha Life Insurance Co. is set to kick off direct investment in overseas real estate via its subsidiary in the US, according t...

Korea Zinc to invest $7.5 billion in green hydrogen, battery materials

Korea Zinc Co., the world’s largest lead and zinc smelter, plans to spend 9.74 trillion won ($7.5 billion) in renewable energy, green hydrogen...

Four chip alliance: S.Korea's courage to overcome Chinaphobia

“I'm gonna make him an offer he can’t refuse.”Ahn Cheol-soo, a senior lawmaker of South Korea’s ruling People Power Party, c...