Samsung, SK Hynix expect high 2024 profits as memory market returns

Samsung Electronics Co. and SK Hynix Inc., the world’s two largest memory chipmakers, expect to post decent chip profits next year as DRAM pri...

KHNP eyes Canada's nuclear energy project with ARC, NB Power

Korea Hydro and Nuclear Power Co. (KHNP) said on Wednesday it has signed a non-binding agreement with ARC Clean Technology Canada Inc. and New Bruns...

POSCO completes construction of Korea’s 1st lithium hydroxide plant

POSCO Holdings Inc., the investment and holding company of South Korea’s steel giant POSCO, said on Wednesday it has completed the constructio...

Sodium-ion batteries emerge as alternative to lithium, LFP batteries

Sodium-ion batteries (SIBs) are emerging as an alternative to lithium-ion batteries, currently dominating the rechargeable battery market for electr...

L&F to invest $1.9 bn to build key battery materials plants

DAEGU, South Korea – L&F Co., South Korea’s major cathode supplier seeking to transform into a comprehensive battery materials produ...

Taihan Cable to bid for power distribution network in UK

South Korea's Taihan Cable & Solution Co. announced on Friday that it signed a memorandum of understanding (MOU) with the global infrastructure ...

HD Hyundai wins $72 mn power equipment order in Saudi

HD Hyundai Electric Co., the electrical equipment and energy solution company under South Korea’s shipbuilding giant HD Hyundai Co., has won a...

SK Group to buy 537 GWh green power from SK E&S

South Korea’s second-largest conglomerate SK Group is accelerating its net zero transition with its affiliates agreeing to buy 537 gigawatts h...

Hyundai Motor signs Korea’s largest PPA deal to go carbon neutral

South Korea’s top automaker Hyundai Motor Co. said on Thursday it has signed a power purchase agreement (PPA) with Hyundai Engineering & C...

Hyundai to build EV battery pack plant in India by 2025

South Korea’s top automaker Hyundai Motor Co. is set to invest 7 billion rupees ($84 million) to build an electric vehicle battery pack assemb...

S.Korea-UK upgrade bilateral ties, sign deals on nuclear plants, chips

LONDON – South Korea and the UK have agreed to upgrade their bilateral relationship and closely cooperate in the defense, security and busines...

Samsung to launch low-power, high-speed AI chips in 2024

Samsung Electronics Co. will launch low latency wide (LLW) DRAMs next year, designed to improve the power efficiency of artificial intelligence appl...

KG Mobility seeks to expand into Vietnam

South Korean automaker KG Mobility Corp. said on Friday it had sought to expand strategic cooperation, including entering the Vietnamese market, aft...

Hyundai Wia to defend against illegal drones

South Korea's second-largest automotive parts supplier Hyundai Wia Corp. plans to develop an anti-drone system (ADS) technology tailored to the uniq...

Hanwha’s REC Silicon plant restarts as US-China tension eases

REC Silicon ASA, a US-based polysilicon maker, in which Hanwha Solutions Corp. and its affiliate have a 33% stake, has restarted operations after a ...

World’s first test driving hydrogen train succeeds in Ulsan

The world's first test driving hydrogen-electric tram succeeded in Ulsan, South Korea. According to Ulsan Metropolitan Government officials, th...

LG Elec’s vehicle systems plants running above full capacity

LG Electronics Inc.'s automotive electronics production plants have surpassed 100% of their operating rate this year as of the end of September.Acco...

Pulmuone expands US fresh noodles plant

South Korea's food company Pulmuone announced on Wednesday it expanded its production line of fresh noodles plant in Gilroy, California, the US.&nbs...

SK Ecoplant develops core battery recycling technologies

South Korea’s SK Ecoplant Co. has developed four core battery-recycling technologies, including recovering nickel and cobalt from spent lithiu...

SK Telecom verifies AI server liquid immersion cooling tech

South Korea's SK Telecom Co. announced on Tuesday that it has successfully verified the liquid immersion cooling technology, a next-generation Inter...

SK Hynix’s new LPDDR5T chip shipped to Vivo for X100 smartphones

SK Hynix Inc. said on Monday it has commercialized the world’s fastest mobile DRAM by shipping its new advanced mobile chips, LPDDR5T, to Chin...

Hyundai breaks ground on $1.5 bn EV plant in S.Korea

ULSAN -- Hyundai Motor Co., the world’s third-largest automaker along with its affiliate Kia Corp., on Monday broke ground for a dedicated ele...

P&O Chemicals completes pitch plant for cathode materials

South Korea's P&O Chemical, a joint venture of POSCO Future M Co. and OCI Holdings Co. completed the pitch plant in Tancheon Industrial Complex,...

Saudi Aramco’s $7 bn Korea project mired by labor shortage

Saudi Aramco’s $7 billion petrochemical project in South Korea, in what would be its largest-ever investment in the country, has hit a stumbli...

Polestar 4 EV to be built at Renault’s Korean plant from 2025

Swedish electric vehicle maker Polestar will build its upcoming Polestar 4 SUV coupe at Renault Group’s manufacturing plant in South Korea fro...

Hyundai E&C to form private-public partnership for US solar power

South Korea's Hyundai Engineering & Construction Co. (Hyundai E&C), Korea Midland Power Co., and the Korea Overseas Infrastructure & Urb...

Korean AI startups Allganize, Neurophet raise over $35 mn

South Korea’s artificial intelligence technology startups Allganize Inc. and Neurophet Inc. raised about 47 billion won ($35 million) in total...

LG, Qraft Technologies' AI-powered ETF trades on NYSE

South Korea’s LG Group and Seoul-based Qraft Technologies Inc. have jointly launched an exchange-traded fund (ETF) that selects holdings relat...

Hyundai's Supernal plans to build flying taxi plant in US

Hyundai Motor Group plans to build a flying electric taxi plant in the US as the South Korean automotive group aims to bring flying cars to the mark...

Hyundai Mobis raises $940 mn via loan for EV parts plants in US

Hyundai Mobis Co., an auto part-making unit of Hyundai Motor Group, has raised $940 million via an overseas loan to build facilities for its electri...