SK Energy buys stake in subscription car wash service

SK Energy buys stake in subscription car wash service

South Korea is seeing growth in the variety of services for the rising number of eco-friendly electric vehicles (EVs) on the nation's roads.Industry...

Doosan Logistics clinches deal to build Daiso's new hub center

Doosan Logistics clinches deal to build Daiso's new hub center

South Korean system integrator Doosan Logistics Solution (DLS) has won a deal to build a new distribution center at 75 billion won ( $57 million)....

Iljin Electric moves into DC power transmission device market

Iljin Electric moves into DC power transmission device market

Iljin Electric, an integrated heavy electric device unit of South Korea's Iljin Group, will participate in the domestic MVDC (medium-voltage direct ...

Samsung’s Lee visits UAE nuclear plant project on first trip as chairman

Samsung’s Lee visits UAE nuclear plant project on first trip as chairman

Samsung Group leader Jay Y. Lee is in Abu Dhabi to meet with businesspeople and politicians and tour the Barakah nuclear power plant project in the ...

Samsung, Naver agree to partner in developing next-gen AI semiconductor solutions

Samsung, Naver agree to partner in developing next-gen AI semiconductor solutions

Samsung Electronics Co. and Naver Corp. have agreed to cooperate in developing next-generation AI semiconductor solutions optimized for artificial i...

CJ partners with Emmyon to develop ingredients preventing muscle atrophy

CJ partners with Emmyon to develop ingredients preventing muscle atrophy

South Korean food giant CJ CheilJedang Corp. announced on Tuesday that it has signed a license contract with Emmyon, an American biotechnology start...

LG Energy, GM to inject another $275 mn in Tennessee plant

LG Energy, GM to inject another $275 mn in Tennessee plant

South Korean battery maker LG Energy Solution Ltd. and General Motors Co. plan to inject an additional $275 million in a US electric vehicle battery...

Hyundai Heavy Industries Group proposes blueprint for sustainable marine utilization solution at 2023 CES

Hyundai Heavy Industries Group proposes blueprint for sustainable marine utilization solution at 2023 CES

Hyundai Heavy Industries Group will participate in CES 2023, the world's largest information technology trade show, to showcase its maritime strateg...

SK Inc. bulks up green investments to achieve net zero by 2035

SK Inc. bulks up green investments to achieve net zero by 2035

SK Inc., the investment arm of South Korea’s second-largest conglomerate SK Group, is taking preemptive steps to expand its eco-friendly busin...

Samsung Elec expands 5G network solution supply to NTT Docomo

Samsung Elec expands 5G network solution supply to NTT Docomo

Samsung Electronics Co. is expanding its presence in Japan’s telecommunications market with a supply of 5G network equipment to NTT Docomo Inc...

LG U+ and Korea Fanuc to devise smart factory solutions for SMEs

LG U+ and Korea Fanuc to devise smart factory solutions for SMEs

Korean telecom giant LG Uplus Corp. on Tuesday said it will develop a smart factory solution for small and medium enterprises (SMEs) jointly with th...

Vuno's AI-powered fundus reading solution approved for sale in Taiwan

Vuno's AI-powered fundus reading solution approved for sale in Taiwan

Vuno Inc., a South Korean artificial intelligence-powered medical solutions provider, said on Tuesday that Vuno Med-Fundus AI has received marketing...

Hyundai, SK to build $1.9 bn EV battery plant in US

Hyundai, SK to build $1.9 bn EV battery plant in US

Hyundai Motor Group, South Korea’s top automaker, and SK On Co., the world’s fifth-largest electric vehicle battery manufacturer, will b...

S.Korea to cut coal's share of energy usage to under 20% by 2030

S.Korea to cut coal's share of energy usage to under 20% by 2030

The draft of the Korean government's 10th Basic Plan for Electricity Supply and Demand contains a clause on reducing coal generation's share of nati...

LG Display develops invisible speaker for automobiles

LG Display develops invisible speaker for automobiles

South Korea's LG Display on Monday said it has developed an in-vehicle sound solution that uses screen vibrations to produce sound, and that the dev...

SK Lubricants rebrands with name change as SK Enmove

SK Lubricants rebrands with name change as SK Enmove

SK Lubricants Co., the world’s leading lube base oil supplier, said on Sunday it will be rebranded as SK Enmove Co. on Dec. 1.The new name com...

Hyundai Glovis joins hands with Lion Group to move into Malaysian logistics market (edited)

Hyundai Glovis joins hands with Lion Group to move into Malaysian logistics market (edited)

Hyundai Glovis will enter the Southeast Asian logistics market in partnership with a large Malaysian company. The company, Hyundai Motor Group's log...

CJ CheilJedang builds up future food materials business

CJ CheilJedang builds up future food materials business

CJ CheilJedang, following an organizational reshuffle, will focus on the development of future food such as food ingredients and alternative protein...

LG Energy Solution diversifies supply chains to respond to US IRA

LG Energy Solution diversifies supply chains to respond to US IRA

LG Energy Solution Ltd. has made a preemptive response to the Inflation Reduction Act of the US by securing the supply of lithium carbonate, a key m...

Danggeun Market launches professional advertising solution

Danggeun Market launches professional advertising solution

South Korean startup Danggeun Market, the operator of the country’s largest neighborhood marketplace app Karrot, is ramping up efforts to incr...

Hyundai Mobis to build $69 mn integrated logistics center in Korea

Hyundai Mobis to build $69 mn integrated logistics center in Korea

South Korea’s largest auto parts maker Hyundai Mobis Co. said on Thursday it will spend 94.8 billion won ($69 million) to build an integrated ...

Korea's SK E&S to produce 30,000 tons of liquid hydrogen per year

Korea's SK E&S to produce 30,000 tons of liquid hydrogen per year

SK E&S, the energy affiliate of SK Group, from next year will start domestic output and distribution of up to 30,000 tons of liquid hydrogen ann...

Samsung Heavy develops liquefied hydrogen fuel cell system

Samsung Heavy develops liquefied hydrogen fuel cell system

Samsung Heavy Industries has succeeded in developing a liquefied hydrogen fuel cell system for use in marine propulsion. The electric power is ...

LG Display unveils world’s first high-resolution stretchable display

LG Display unveils world’s first high-resolution stretchable display

LG Display Co., a major South Korean display panel maker, said on Tuesday it has developed the world’s first full-color stretchable display th...

POSCO International to invest $2.6 billion in energy operations

POSCO International to invest $2.6 billion in energy operations

Korea's POSCO International, the trading arm of POSCO Group, on Friday formally merged with POSCO Energy, which handles liquefied natural gas (LNG) ...

Korea should open retail electricity market for renewables

Korea should open retail electricity market for renewables

South Korea on Oct. 26 officially launched the carbon neutrality commission based on laws for green growth, which took effect last March, amid the g...

LG Chem posts strong Q3 earnings, buoyed by battery business

LG Chem posts strong Q3 earnings, buoyed by battery business

South Korea’s top chemicals company LG Chem Ltd. on Monday posted strong third-quarter sales and profit as gains at its battery affiliate offs...

EcoPro BM to build battery materials plant in Canada

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...

NPS increases exposure to secondaries, direct lending

NPS increases exposure to secondaries, direct lending

South Korea’s National Pension Service (NPS) will expand investments via secondaries and direct lending, its Head of Strategic Alternative Inv...

Energy transition investment needs flexible approach: Ares Management

Energy transition investment needs flexible approach: Ares Management

As energy transition is a new sector in infrastructure compared with other asset types, institutional investors are seeking asset managers highly ex...

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