Disney+ becomes white elephant for LG Uplus 

For South Korea’s wireless carrier LG Uplus, Disney+ may have become more trouble than it is worth.The country’s video-on-demand over-th...

MBK Partners in talks to buy Kakao Mobility

MBK Partners, one of the largest private equity firms in Asia, is in talks with the country’s top mobile platform Kakao Corp. to acquire share...

SK to invest $30 mn in ammonia-based power solutions developer Amogy

SK Innovation Co. announced Tuesday it will inject $30 million into Brooklyn-based Amogy Inc. The intermediate holding company of SK Group and ...

LG Energy to invest $451 mn in mass production of Tesla’s 4680 battery cells

LG Energy Solution Ltd. announced Monday it will invest 580 billion won ($451 million) to manufacture battery cells for Austin-based Tesla, Inc.The ...

SK Innovation to focus on small reactors, batteries, waste recycling

SK Innovation Co., the refinery and chemicals unit of South Korea’s second-largest conglomerate SK, is accelerating a shift toward eco-friendl...

Korean bio firms flock to US as SV Invest eyes $100 million bio fund

SV Investment, a South Korean venture capital and private equity firm, is looking to launch a $100 million bio fund in the US as a growing number of...

Hanwha to announce plans to enhance shareholder value in H2

South Korea’s Hanwha Corp. discussed on June 10 its ESG activities in the first half of this year and is set to announce plans for enhancing s...

S.Korean trucker strike enters 3rd day, targets Samsung’s supply chain

South Korea’s unionized truckers, on day three of a large-scale strike, have moved to disrupt the supply of materials needed to manufacture se...

LG Elec CEO pledges cross-industry design innovation

MILAN, Italy – South Korea’s LG Electronics Inc. will focus on upgrading its home appliance designs to reflect the latest design trends ...

LG Energy, German institutes to jointly research advanced batteries

The world’s second-largest battery maker LG Energy Solution Ltd. has teamed up with two German research institutes to develop next-generation ...

Baring PEA set to buy $1 bn stake in PI Advanced Materials

Hong Kong-based Baring Private Equity Asia is set to buy a majority stake in the world’s largest polyimide film manufacturer PI Advanced Mater...

Korea’s DL E&C suffers from Russian war, chairman-related risk

DL E&C Co., a South Korean offshore plant and construction company, is suffering from its suspended projects in Russia, one of its key overseas ...

Fabless startup Rebellions raises $50 mn in Series A

South Korea’s leading fabless startup Rebellions Inc. announced Friday it raised 62 billion won ($50 million) in Series A or the first round o...

LG Chem, Korea Zinc affiliate KEMCO to launch battery precursor JV

South Korea’s top chemicals company LG Chem Ltd. and the world’s largest zinc and lead smelter Korea Zinc Co. have agreed to launch a ba...

Korea composite materials maker to expand aerospace biz

South Korea’s top advanced composite materials producer aims to speed up its expansion in the aerospace sector with the acquisition of an airp...

LG Chem to launch JV with China's Huayou Cobalt for battery materials

LG Chem Ltd. announced Tuesday it will set up a joint venture with Chinese mining company Zhejiang Huayou Cobalt Co. to secure a steady supply of ra...

Why batteries were left out of Samsung's huge investment plan

Citigroup Global Markets on Monday slashed its target price for Samsung SDI Co., one of South Korea's top three battery makers, by almost half and d...

Iljin Materials aims to complete stake sale in August

Iljin Materials Co., a South Korean electric vehicle battery materials maker, accelerated the process of the sale of a majority stake in a deal esti...

SK On to bolster US business with Ford's EV pickup truck sales

SK On Co., South Korea’s leading electric vehicle battery manufacturer, is expected to improve production capacity as its client Ford Motor Co...

PI Advanced, NexFlex draw bids from foreign rivals, PE firms

Two leading South Korean materials companies PI Advanced Materials Co. and NexFlex Co. have drawn final bids mainly from foreign rivals and private ...

POSCO, GM JV inks battery materials supply deal worth $16 bn

South Korea’s POSCO Chemical Co. and General Motors Co. on Friday agreed to set up a joint venture that will supply about 20 trillion won ($16...

POSCO Group looks to treble corporate value by 2030

South Korea’s POSCO Group will invest 53 trillion won ($42 billion) by 2026 primarily in its steel, rechargeable battery materials and hydroge...

LG bets $34 bn on battery, automotive electronics biz for its future

LG Group, South Korea’s fourth-largest conglomerate, is set to pour $34 billion into the battery, automotive electronics and other future grow...

SK takes aim at chips, batteries, bio with $195 billion investment

SK Group, South Korea’s second-largest conglomerate after Samsung, on Thursday announced a plan to invest 247 trillion won ($195 billion) in k...

SK E&S, Australia’s Santos eye joint carbon capture, hydrogen projects

SK E&S Co., the natural gas business unit of South Korea’s SK Group, and Australia’s leading energy company Santos Ltd. are seeking ...

Why Iljin Materials' CEO has put a majority stake up for sale

Iljin Materials Co., a South Korean supplier of electric vehicle battery materials, has put a majority stake up for sale, which is estimated at arou...

Samsung SDI, Stellantis pick Indiana for US EV battery plant

Samsung SDI Co., the world’s sixth-largest battery maker, and Dutch-domiciled multinational automaker Stellantis N.V. picked the state of...

Hanwha Systems joins hands with Italy's Leonardo for radar exports

South Korea’s Hanwha Systems Co. joined forces with Italy’s major defense maker Leonardo SpA on exports of advanced aircraft radars to i...

Korean companies rapidly embrace ESG in management standards

South Korea’s big companies are rapidly embracing environmental, social and governance (ESG) standards by launching a dedicated ESG team to me...

HR startups outwit job posting sites for IT workers

The growing trend toward personalized hiring and the rising demand for technology developers are encouraging South Korea’s human resources tec...