Samsung SDI to ink $726 mn ESS deal with NextEra Energy

Samsung SDI to ink $726 mn ESS deal with NextEra Energy

Samsung SDI Co., the world’s sixth-largest electric vehicle cell maker, is set to provide batteries for energy storage systems (ESS) to NextEr...

Time to revive innovator spirit: LG Energy Solution CEO

Time to revive innovator spirit: LG Energy Solution CEO

South Korea’s top battery maker LG Energy Solution Ltd., also the world’s No. 3, must accelerate innovation and prop up fundamentals to ...

CJ CheilJedang hosts K-food competition in China

CJ CheilJedang hosts K-food competition in China

South Korea's CJ CheilJedang Corp. announced on Thursday that it organized the CJ Challenge Live Competition at the 2024 K-Food China Qingdao Intern...

Hyundai Motor completes EV ecosystem in Indonesia

Hyundai Motor completes EV ecosystem in Indonesia

JAKARTA, Indonesia – Hyundai Motor Group has built an electric vehicle hub backed by a complete supply chain from raw materials sourcing to ba...

POSCO aims to quadruple operating profits by 2030

POSCO aims to quadruple operating profits by 2030

POSCO Group, South Korea’s No. 1 steelmaker, has set an ambitious goal of quadrupling its operating profits and doubling revenue by 2030 with ...

LG Energy signs multi-billion-dollar LFP battery deal with Renault

LG Energy signs multi-billion-dollar LFP battery deal with Renault

LG Energy Solution Ltd., the world’s second-largest battery maker, has clinched a multi-billion-dollar deal to supply LFP batteries for low-en...

Kolon launches composite materials firm Kolon Spaceworks

Kolon launches composite materials firm Kolon Spaceworks

South Korea's Kolon Group announced on Monday it launched a new advanced composite materials company Kolon Spaceworks.Kolon Spaceworks is being es...

Hyundai Mobis combines electrification, module divisions

Hyundai Mobis combines electrification, module divisions

Hyundai Mobis Co., the world’s sixth-largest auto parts maker, said on Friday it has merged its electrification and module divisions to stream...

LG Energy halts Arizona battery plant building on weak EV sector

LG Energy halts Arizona battery plant building on weak EV sector

LG Energy Solution Ltd., the world’s third-largest electric vehicle (EV) cell maker, has suspended construction of a plant in Arizona for batt...

Lotte Chilsung to reduce plastic usage by 20% by 2030

Lotte Chilsung to reduce plastic usage by 20% by 2030

South Korea’s Lotte Chilsung Beverage announced on Thursday that it plans to reduce plastic usage by 20% by 2030 by decreasing the weight of p...

Kolmar Holdings to cancel $14.4 mn worth of its shares

Kolmar Holdings to cancel $14.4 mn worth of its shares

South Korea's Kolmar Holdings Co. , Kolmar Group's holding company, announced on Wednesday that it will implement a value-up program to enhance corp...

Samsung Bespoke refrigerator sells 3 mn units in five years

Samsung Bespoke refrigerator sells 3 mn units in five years

Samsung Electronics Co. announced on Tuesday that the cumulative sales of its Bespoke refrigerator in the South Korean market have surpassed 3 milli...

SK On signs MOU to secure US-sourced lithium from ExxonMobil

SK On signs MOU to secure US-sourced lithium from ExxonMobil

SK On Co. has inked an MOU with ExxonMobil Corp. to buy lithium extracted by the US oil giant from a salt well in the US state of Arkansas. The deal...

SK Inc. in talks to sell Pharmteco’s US CDMO plant to Novo Nordisk

SK Inc. in talks to sell Pharmteco’s US CDMO plant to Novo Nordisk

SK Inc., the holding and investment company of SK Group, South Korea’s second-largest conglomerate, is negotiating to sell a major asset of it...

Hyundai Steel builds global sales network of low-carbon steel

Hyundai Steel builds global sales network of low-carbon steel

South Korea’s Hyundai Steel Co. announced on Tuesday that it signed a memorandum of understanding (MOU) with European customers to sell low-ca...

EV battery maker LG Energy eyes $2 bn global bond sale

EV battery maker LG Energy eyes $2 bn global bond sale

LG Energy Solution Ltd., the world’s third-largest electric vehicle battery maker, is poised to raise $2 billion in global bonds by the end of...

GS Global launches BYD's T4K electric refrigerator truck

GS Global launches BYD's T4K electric refrigerator truck

South Korea's general trading company GS Global Corp. announced on Monday that it will launch BYD Company Ltd.'s 1-ton electric truck, the T4K Refri...

SK Ecoplant seeks to absorb SK Materials' industrial gas units

SK Ecoplant seeks to absorb SK Materials' industrial gas units

SK Ecoplant Co., a South Korean construction engineering and waste management company, is seeking to absorb the profit-making subsidiaries of SK Mat...

Lotte Energy Materials sets sights beyond copper foil: CEO Kim

Lotte Energy Materials sets sights beyond copper foil: CEO Kim

MUNICH – Lotte Energy Materials Corp. is one of South Korea’s leading battery materials specialists.Formerly known as Iljin Materials Co...

EcoPro BM in talks to produce sodium-ion battery cathodes

EcoPro BM in talks to produce sodium-ion battery cathodes

MUNICH, Germany – EcoPro BM Co., a South Korean cathode material producer, is in close discussion with a domestic carmaker to produce cathode ...

Lotte Chemical develops anti-thermal runaway material

Lotte Chemical develops anti-thermal runaway material

Lotte Chemical Corp., South Korea’s second-largest petrochemicals company seeking to ramp up value-added advanced materials production, has de...

SK Innovation looks to merge with SK E&S for organic growth

SK Innovation looks to merge with SK E&S for organic growth

SK Innovation Co., the parent of South Korea’s largest oil refiner SK Energy Co. and battery maker SK On Co., is looking to merge with energy ...

S.Korea’s Woori to team up with US Nuveen to enhance IB part

S.Korea’s Woori to team up with US Nuveen to enhance IB part

Woori Bank and Woori Asset Management, subsidiaries of South Korea's Woori Financial Group, announced on Sunday that they signed a memorandum of u...

Hyundai, LG Energy to jointly develop EV battery swapping service

Hyundai, LG Energy to jointly develop EV battery swapping service

South Korea’s Hyundai Motor Co. will join forces with the world’s leading battery maker LG Energy Solution Ltd. to launch electric vehic...

SK, Geely join forces for EV battery, component production

SK, Geely join forces for EV battery, component production

SK Inc., the holding company of South Korea’s No. 2 conglomerate SK Group, will join forces with Chinese auto giant Zhejiang Geely Holding Gro...

Doosan Bobcat to buy ex-sibling Mottrol for $178.6 million

Doosan Bobcat to buy ex-sibling Mottrol for $178.6 million

Doosan Bobcat Inc., a major compact construction machinery and equipment maker under South Korean conglomerate Doosan Group, will buy back its forme...

LG Chairman Koo to embark on US trip to oversee battery, AI projects

LG Chairman Koo to embark on US trip to oversee battery, AI projects

Koo Kwang-mo, chair of South Korea’s fourth-largest conglomerate LG, will embark on a weeklong business trip to the US next week to seek new g...

LG Energy, ADI tie up for fast-charging EV battery technologies

LG Energy, ADI tie up for fast-charging EV battery technologies

LG Energy Solution Ltd., the world’s No. 3 electric vehicle battery maker, joined hands with US chipmaker Analog Devices Inc. (ADI) on advance...

Ultium Cells Spring Hill: LG, GM’s EV battery bastion in North America

Ultium Cells Spring Hill: LG, GM’s EV battery bastion in North America

NASHVILLE – Some 60 km south of Nashville, the capital of Tennessee, lies a huge plant churning out battery cells that will eventually land in...

Hyundai Glovis, EcoPro team up for EV battery recycling business

Hyundai Glovis, EcoPro team up for EV battery recycling business

Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, and EcoPro Co., the country’s leading electric vehicle batt...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race