SK, China's Joyvio to launch $90 mn alternative food fund

SK, China's Joyvio to launch $90 mn alternative food fund

SK Inc., the investment arm of South Korea's SK Group, will launch a 100 billion won ($90 million) fund jointly with Joyvio Group, a unit of Chinese...

GS Energy to sell half of thermal power plant unit to IMM

GS Energy to sell half of thermal power plant unit to IMM

GS Energy Corp., an intermediate holding company of South Korea's GS Group, is in the final stages of talks to sell a 50% stake in its wholly-owned ...

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

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 ...

LG Elec to shift to 100% renewable energy by 2050

LG Elec to shift to 100% renewable energy by 2050

LG Electronics Inc. on Sunday unveiled a plan to make a complete transition into renewable energy for its operations both at home and abroad by 2050...

LG Chem to form separator JV with Japan’s Toray

LG Chem to form separator JV with Japan’s Toray

LG Chem Ltd., South Korea’s top chemical maker, and Japan’s Toray Industries Inc. will set up a joint venture (JV) for separators, cor...

LG Chem challenges top latex player Kumho with aggressive expansion

LG Chem challenges top latex player Kumho with aggressive expansion

South Korea’s top chemical maker LG Chem Ltd. has vowed to leapfrog crosstown rival Kumho Petrochemical Co. to become the world’s top la...

Debt-ridden Ssangyong to sell car plant in self-rescue drive

Debt-ridden Ssangyong to sell car plant in self-rescue drive

Ssangyong Motor Co., the debt-ridden South Korean unit of India’s Mahindra and Mahindra Ltd. now in court receivership, has decided to sell it...

POSCO Chemical to bolster EV presence with 60,000-ton cathode plant

POSCO Chemical to bolster EV presence with 60,000-ton cathode plant

POSCO Chemical Co. will invest 600 billion won ($523 million) from 2022 to build a cathode materials plant in Pohang city with an annual capacity of...

DB HiTek in quandary over foundry ramp-up amid chip supercycle

DB HiTek in quandary over foundry ramp-up amid chip supercycle

DB HiTek Co., one of South Korea’s leading foundry chipmakers, is enjoying the current market boom, which is forcing makers of cars and electr...

Hyosung, Linde kick off building world’s largest liquid hydrogen plant

Hyosung, Linde kick off building world’s largest liquid hydrogen plant

Hyosung Group has once again made a key step forward in achieving its long-term ambition to become South Korea’s corporate leader in the hydro...

Kolon expands hydrocarbon resins production, becomes global No.2 maker

Kolon expands hydrocarbon resins production, becomes global No.2 maker

South Korea’s chemicals and industrial materials maker Kolon Industries Inc. have added another 15,000 tons of annual capacity in its hydrocar...

Korea’s corporate HQ buildings are becoming clean power generators

Korea’s corporate HQ buildings are becoming clean power generators

ESG is one of the most frequently mentioned keywords in South Korea today. It stands for environmental, social and corporate governance, the three...

LG Electronics expands overseas appliance plants as it exits phone business

LG Electronics expands overseas appliance plants as it exits phone business

LG Electronics Inc. is expanding its overseas production facilities as the South Korean home appliance giant is shifting gears toward new growth dri...

Samsung loses ground in foundry market as TSMC ties in with Japanese firms

Samsung loses ground in foundry market as TSMC ties in with Japanese firms

Samsung Electronics Co., which is losing share of the global foundry market, has come under increased pressure from its bigger rival Taiwan Semicond...

Copper foil maker raises $700 mn funding to build Europe plant

Copper foil maker raises $700 mn funding to build Europe plant

South Korea's Iljin Materials Co., which produces copper foils for rechargeable batteries and printed circuit boards (PCBs), has received 800 billio...

GM, LG to build second US EV battery plant in Tennessee

GM, LG to build second US EV battery plant in Tennessee

LG Energy Solution Ltd. and General Motors Co. will spend 2.7 trillion won ($2.4 billion) to build their second US electric vehicle battery plant in...

GM Korea to halt 2 main plants next week on automotive chip shortage

GM Korea to halt 2 main plants next week on automotive chip shortage

The South Korean unit of US auto giant General Motors Co. will halt two of its three plants next week in the latest sign of the worsening global aut...

POSCO to build S.Korea’s first lithium plant by 2023

POSCO to build S.Korea’s first lithium plant by 2023

South Korea’s leading steelmaker POSCO will build the country’s first lithium extraction factory in Gwangyang, 300 km south of Seoul, al...

LG Chem expands carbon nanotube production with new plant

LG Chem expands carbon nanotube production with new plant

South Korea's LG Chem Ltd. has completed an extension of its production line for carbon nanotubes (CNTs), known as a wonder material for its strengt...

Dongkuk Steel’s Brazil plant: From ugly duckling to golden swan

Dongkuk Steel’s Brazil plant: From ugly duckling to golden swan

For Dongkuk Steel Mill Co., South Korea’s third-largest steelmaker, Companhia Siderurgica do Pecem steel mill in Brazil, commonly known as CSP...

Hyundai likely to briefly halt 2nd plant; Grandeur sedan affected

Hyundai likely to briefly halt 2nd plant; Grandeur sedan affected

Hyundai Motor Co. will likely suspend a second plant due to a component supply disruption as a global shortage of automotive chips is putting the to...

Hyundai Motor to halt plant for a week; Kona, IONIQ 5 affected

Hyundai Motor to halt plant for a week; Kona, IONIQ 5 affected

South Korea’s top automaker Hyundai Motor Co. will halt its main plant in Ulsan for a week due to a component supply disruption, the latest si...

SKIET to build additional battery separator plants in Poland

SKIET to build additional battery separator plants in Poland

SK Innovation Co.’s material business arm SK IE Technology Co. (SKIET) is set to construct two additional electric vehicle battery separator p...

LG Energy may build US, Europe plants to supply new batteries to Tesla

LG Energy may build US, Europe plants to supply new batteries to Tesla

LG Energy Solution Ltd. may build an electric vehicle battery plant in the US to supply advanced battery cells to Tesla Inc. for its new models to b...

Hyundai Motor to introduce batch production system at local plant

Hyundai Motor to introduce batch production system at local plant

South Korea’s Hyundai Motor Co. is considering introducing a new factory idea for its major local plant aimed at better responding to rising m...

LG Energy, GM in talks to build 2nd EV battery plant in Tennessee

LG Energy, GM in talks to build 2nd EV battery plant in Tennessee

South Korea’s LG Energy Solution Ltd. is exploring building a second electric car battery plant in the US with joint venture partner General M...

LG Display to invest $750 million in Vietnam OLED module plant

LG Display to invest $750 million in Vietnam OLED module plant

LG Display Co., a major South Korean display panel maker, will invest $750 million in its display plant in Vietnam to meet rising demand from electr...

Samsung mulls $17 billion Austin chip plant, seeks tax breaks

Samsung mulls $17 billion Austin chip plant, seeks tax breaks

Samsung Electronics Co. is seeking tax breaks of $805.5 million from the US state of Texas in return for a new $17 billion chip plant, which the Sou...

Hyosung, Linde to create world's largest liquid hydrogen plant

Hyosung, Linde to create world's largest liquid hydrogen plant

South Korea-based Hyosung Heavy Industries Corp. and global industrial gas supplier Linde plc. have agreed to establish the world's largest liquid h...

SK Hynix completes construction of its largest $3.14 bn chip plant

SK Hynix completes construction of its largest $3.14 bn chip plant

SK Hynix Inc. has completed the construction of its largest chip plant, which will use cutting-edge technology to produce memory semiconductors to m...

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