SK Hynix sees robust chip demand for rest of year after strong Q2 sales

SK Hynix Inc., the world’s second-largest memory chipmaker, on Tuesday posted its highest quarterly profit and sales in nearly three years on ...

Oshkosh-Hanwha consortium named bidder for design of US Army vehicle

A consortium led by Oshkosh Defense and Hanwha Defense Co. has been named a contender for the design of a US Army war vehicle that will replace...

Hanwha Defense chosen as contender for design of US Army war vehicle

Hanwha Defense Co. has been named a contender for the design of a US Army war vehicle that will replace around 3,500 M2 Bradley vehicles that have b...

Hyundai Motor, Kia post strong Q2 profits; Chip shortage dims outlook

Hyundai Motor Co. and Kia Corp., South Korea’s two largest automakers, on Thursday posted strong second-quarter earnings, driven by pricey spo...

Naver to boost content, shopping businesses in Q4 via Shinsegae alliance

South Korea’s top portal operator Naver Corp. plans to beef up its shopping and content businesses in the second half of this year, backed by ...

Sandbox Network sets up China affiliate for business expansion

South Korea’s largest multichannel network (MCN) company Sandbox Network Inc. has made another major step forward in expanding its China busin...

Kookmin Bank to co-finance $840 mn US solar project

Kookmin Bank, South Korea's largest lender, will provide a $100 million loan to finance a solar power project led by US-based investment firm ECP as...

Korean drugmakers race to release Stelara biosimilars

South Korea’s major drugmakers such as Celltrion Inc., Samsung Bioepis and Dong-A St are going for broke to release biosimilars of Stelara, Jo...

Korea Shipbuilding delivers dismal Q2 loss on higher steel plate prices

Korea Shipbuilding & Offshore Engineering Co. (KSOE), a leading South Korean shipbuilder, on Wednesday posted a dismal quarterly operating loss ...

SK Materials’ shares fly high on rosy business outlook

Shares of SK Materials Co., the industrial gas manufacturing affiliate of South Korea’s SK Group, are hovering around all-time high levels ami...

Nintendo Korea logs record-high revenue despite boycott of Japanese goods

Japanese video game giant Nintendo Co. posted an all-time high revenue in South Korea last year despite consumers boycotting Japanese products. The ...

Doosan Heavy to invest $60 mn more in US NuScale Power

South Korea’s major power plant builder Doosan Heavy Industries & Construction Co. will further invest in NuScale Power LLC, a US small mo...

LG Innotek’s substrate business becomes a cash cow

Korea’s leading camera module maker LG Innotek Co. is projected to post record earnings this year thanks to its fast-growing integrated circui...

SK Materials to form a JV with US battery startup Group14 Technologies

SK Materials Co., SK Group’s industrial gas manufacturing arm, will set up a joint venture (JV) with a US battery materials startup Group14 ...

Green Cross' two Kosdaq-listed cell therapy arms to merge

South Korea's pharmaceutical group Green Cross Corp., or GC Pharma, will combine its two cell therapy developers listed on the junior Kosdaq market ...

Korea Inc. rush to sell property, new shares to fund new business

South Korea’s major companies are rushing to secure cash to fund new business. Some have sold or securitized property, while others issued n...

Masayoshi Son's top pick Yanolja eyes 2023 Nasdaq listing

South Korea's largest travel platform Yanolja has raised 2 trillion won ($1.7 billion) from the Masayoshi Son-led SoftBank Vision Fund II, marking t...

Hana Alternative logs over 9% return on US residential project

South Korea's Hana Alternative Assets Management Co. is estimated to have achieved an annualized return of 9.83% from the $51.5 million mezzanine lo...

Lotte Chemical goes green with $3.8 bn investment in hydrogen business

South Korea’s Lotte Chemical Corp. is investing 4.4 trillion won ($3.8 billion) in hydrogen projects by 2030 to foster the business as a new g...

Moody's urges Korean banks to beef up online platforms

South Korea's traditional banks, led by KB, Shinhan, Hana and Woori, will need to strengthen their online platforms as KakaoBank, the country's lead...

Samsung Electro-Mechanics targets EV parts

Samsung Electro-Mechanics, a South Korean electronic components maker, aims to expand its business in the booming electric vehicle (EV) parts market...

SK Hynix joins Micron in 4th-gen 10nm DRAM production

SK Hynix Inc. has kicked off mass production of its 8 Gigabit (Gb) LPDDR4 mobile DRAM chips based on the 1a nanometer (1anm) node, according to the ...

Korean shipbuilders baffled by steelmakers’ offer to hike prices by 64%

South Korea’s major steelmakers are demanding a sharp price hike for steel plates used in ships, adding to difficulties faced by domestic ship...

POSCO returns from pandemic blues with record quarterly profit

South Korea’s largest steelmaker POSCO is emerging stronger from the pandemic-caused economic slowdown, with a record quarterly profit on robu...

SK Global Chemical to start plastic waste recycling business in Asia

SK Global Chemical (SKGC), a petrochemical subsidiary of SK Innovation Co., plans to build a plastic waste recycling plant in South Korea to extract...

Samsung’s LED business makes big global rebound

Samsung Electronics Co.’s light-emitting diode (LED) business, which was almost on the verge of a shutdown due to its sluggish performance, is...

Grocery delivery platform Oasis valuation tops $650 mn; eyes US expansion

South Korea-based grocery delivery platform Oasis Corp., referred to as Oasis Market, has attracted 50 billion won ($44 million) from global private...

Samsung Elec's Q2 operating profit beats forecast on strong chip business

Samsung Electronics Co. said its operating profit in the second quarter likely surged more than 50%, beating market expectations, thanks to its heal...

LG Electronics sees decent growth in US home appliance business

South Korea’s LG Electronics Inc. expects to post significant revenue growth in its home appliance business in the second quarter, driven by p...

Samsung, Hanwha Q Cells to offer IoT home energy solutions in US, EU

Samsung Electronics Co. and South Korea’s leading solar panel maker Hanwha Q Cells Co. have joined hands to provide smart home energy solution...