Doosan Enerbility wins $383 mn power plant deal from Saudi Arabia
South Korea's major power plant builder Doosan Enerbility Co. said on Friday it has won a 540 billion won ($383 million) contract to build a combine...
Gaonchips rally on market talk of Samsung's investment in ARM
Shares in South Korea’s semiconductor chip design house Gaonchips Co. extended their rally for a second day on Friday on growing market talk t...
EV tax credits may prove detrimental to the US: EU official
The US decision to remove tax incentives for cars produced outside North America may violate World Trade Organization (WTO) provisions and could be ...
SK’s Chey says survival is now top priority over profits
SK Group Chairman Chey Tae-won says that survival now takes top priority over profits and management efficiency as escalating tensions between the U...
Samsung Elec to supply 5G telecom equipment to Comcast
Samsung Electronics Co., South Korea’s tech behemoth, agreed to supply 5G telecommunication equipment to US media giant Comcast Corp.Samsung s...
KAIST, NYU to operate joint campus in New York City from 2023
Korea Advanced Institute of Science and Technology (KAIST), South Korea's most prestigious national research university, and New York University wil...
S.Korea's fund of funds to form new fund worth $215 mn with VCs in the US
NEW YORK – The South Korean government is poised to tap into its fund of funds to form a joint investment fund with venture capital firms in t...
Battery maker SK On sweetens $1.4 bn fundraising deal
SK On Co., the world’s fifth-largest rechargeable battery maker, has sweetened its deal to attract 2 trillion won ($1.4 billion) in new share ...
Hyundai Heavy to adopt Palantir's big data platform
South Korea’s Hyundai Heavy Industries Group said on Wednesday that it has signed a contract with Palantir Technologies Inc., a US data analyt...
Korean PM Han says EV tax credits may violate FTA rules
The US Inflation Reduction Act (IRA) appears to have violated the Free Trade Agreement (FTA) between the country and South Korea, Korean Prime Minis...
Korea’s No. 1 bookstore Kyobo seeks to acquire OTT platform Watcha
The Kyobo Book Centre, South Korea’s largest bookstore chain, is seeking to acquire over-the-top (OTT) platform Watcha Inc. to expand its busi...
S.Korea cuts US Treasury holding by $18.9 bn in Jan-July
South Korea had sold a net $18.9 billion of US Treasury bonds in the first seven months of this year, data showed, as foreign exchange authorities w...
Startup minister vows to support Korean firms' entry into overseas markets
South Korea’s startup minister Lee Young vowed to support the country’s startup ecosystem on Sunday, during her tour to the United State...
Direct lending, middle market offer resilience: NYLIM
There is no doubt that headwinds to economic and market growth are picking up. Globally, supply chain and energy disruptions have contributed to hig...
Korea battery, chip companies fail to reboot IPO market
South Korea’s battery and semiconductor companies, stock investors’ favorites, failed to revive the local initial public offering market...
Korean won rebounds on estimated $2 bn intervention
The South Korean won rebounded on Friday as the foreign exchange authorities were suspected of selling some $2 billion, showing its determination to...
S.Korea's manufacturing sector posts biggest job growth in Aug
South Korea’s manufacturing industry accelerated its job growth in August to post its biggest monthly increase in almost a decade, driven by r...
Korea vows favorable taxation for US, foreign firms
South Korea's National Tax Service (NTS) and the American Chamber of Commerce in Korea (AMCHAM) held a meeting on Sept. 16 to discuss favorable ta...
Seoul pushes for battery recycling to bypass US bill
South Korea will step up policy efforts to promote battery recycling, which might help the country get around the new US bill aimed at keeping elect...
South Korea’s uncomfortable place between US and China
South Korea has long known what it feels like to be “sandwiched.” This was how Samsung’s Lee Kun Hee in 2007 described the economy&r...
Terraform Labs co-founder Do Kwon faces arrest warrant in South Korea
A South Korean court issued an arrest warrant to Terraform Labs co-founder Do Kwon, a cryptocurrency ecosystem that imploded earlier this year. ...
South Korea bans L&F from building a battery material plant in US
The South Korean government has banned L&F Co., a battery materials maker, from building a new plant in the US amid a controversy over the Infla...
Hyundai Glovis receives $1.6 bn order from global carmaker
Hyundai Glovis announced on Wednesday that it received an order worth 2.2 trillion won ($1.6 billion) from a global carmaker, a record-high vehicle ...
Biden’s move to beef up US bio industry poses threat to Korean firms
President Joe Biden’s plan to support the US biomanufacturing infrastructure aimed at containing China’s clout is posing a threat to Sou...
Hyundai to build Santa Fe hybrid at Alabama plant ahead of schedule
South Korea’s top automaker Hyundai Motor Co. will manufacture a hybrid version of its signature SUV, the Santa Fe, in Alabama, earlier than p...
Hanmi’s anti-cancer drug Rolontis gets FDA approval; US sale via Spectrum
South Korea’s Hanmi Pharmaceutical Co. said on Tuesday that Rolontis, an anti-cancer drug it has jointly developed with its US partner, has ob...
S.Korea plans to adopt mandatory pre-disclosure of major insider trading
Executives and major shareholders of South Korea’s listed companies will be obligated to disclose their share transaction plans at least 30 da...
POSCO partially restarts Pohang furnaces flooded by typhoon
POSCO Holdings Inc., the holding company of South Korea’s largest steelmaker, has partially restarted its blast furnaces at its main plant in ...
US chipmaking association chief stresses Chip 4 Alliance not about China
John Neuffer, president and CEO of the United States Semiconductor Industry Association (SIA), visited South Korea earlier this week on the primary ...
Steelmaker Husteel's operating profit skyrockets 579% in first half
Shares of Husteel, the only public company within the golf course giant Shinan Group, have doubled in price in the last three months. Industry ...
