Korea’s Yoon govt to raise nuclear power to 34% of energy source

Korea’s Yoon govt to raise nuclear power to 34% of energy source

South Korea’s incoming government plans to extend the service life of eight more nuclear power plants than originally planned as President-ele...

KT showcases AI-powered robots, traffic control program at tech fair

KT showcases AI-powered robots, traffic control program at tech fair

KT Corp., a major South Korean telecommunications company, unveiled its new digital transformation services using artificial intelligence, big data ...

NPS’ shareholder meeting vetoes cast pall on its profitability

NPS’ shareholder meeting vetoes cast pall on its profitability

National Pension Service (NPS) of South Korea, the world's third-largest pension fund with 948.7 trillion won ($768.9 billion) in assets under man...

Koreans poised to be India's first non-resident direct stock buyers

Koreans poised to be India's first non-resident direct stock buyers

South Korean individuals are likely to become the first non-resident direct stock investors in India, after the South Asian country lifted the ceili...

SK On bidders weigh growing risks of battery makers

SK On bidders weigh growing risks of battery makers

Some of the four shortlisted bidders for South Korea's SK On Co. recently went back to the drawing board to assess the value of the world's No. 5 el...

LG Energy-led group to set up $9 bn Indonesia battery value chain

LG Energy-led group to set up $9 bn Indonesia battery value chain

A consortium led by LG Energy Solution Ltd., the global No. 2 electric vehicle battery maker, will invest $9 billion in a battery value chain in Ind...

KT taps Vietnam for digital healthcare and AI-powered diagnosis

KT taps Vietnam for digital healthcare and AI-powered diagnosis

KT Corp., a major telecommunications company in South Korea, is set to enter the Vietnamese healthcare market with a pilot telemedicine service an...

Lotte to end dawn delivery service where Coupang, Kurly lead

Lotte to end dawn delivery service where Coupang, Kurly lead

South Korea’s retail giant Lotte Group will cease dawn delivery services for fresh food from this weekend, two years after it jumped into the ...

Naver, Kakao shares to fall further on sluggish outlook

Naver, Kakao shares to fall further on sluggish outlook

Shares of Naver Corp. and Kakao Corp. are expected to decline further after South Korea’s top two platform giants already lost 20 trillion won...

Creator tech startup Awake Corp. attracts over $892,000 in seed funding 

Creator tech startup Awake Corp. attracts over $892,000 in seed funding 

Awake Corp., a startup that operates platforms to assist online creators, recently attracted 1.1 billion won ($892,473) in seed capital. The total a...

China’s tighter grip on minerals boosts costs for Korean battery makers

China’s tighter grip on minerals boosts costs for Korean battery makers

South Korea’s major battery makers and materials suppliers are suffering from soaring battery raw materials prices as China is tightening its ...

Grade-A offices in Seoul hit lowest vacancy rate in Q1 2022

Grade-A offices in Seoul hit lowest vacancy rate in Q1 2022

Grade-A offices saw their lowest-ever quarterly vacancy rate in the first quarter of 2022 since 2010, when Canada-based real estate investment manag...

POSCO Chemical to raise $244 mn in green bonds

POSCO Chemical to raise $244 mn in green bonds

POSCO Chemical Co., South Korean steelmaker POSCO Group’s chemical and battery material unit, said on April 8 that it will issue green bonds w...

Naver Webtoon to release three DC comics series from May

Naver Webtoon to release  three DC comics series from May

Naver Webtoon Ltd., the digital comics platform of South Korea’s online portal giant Naver Corp., is slated to intensify its partnership with ...

LG Energy Q1 profit beats forecast on strong demand, price hikes

LG Energy Q1 profit beats forecast on strong demand, price hikes

LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, reported a lower-than-expected decline in quarterly profit...

FTC pushes to monitor foreign conglomerate owners

FTC pushes to monitor foreign conglomerate owners

South Korea’s Fair Trade Commission (FTC) is one step closer to including foreign nationals to its list of owner-cum-heads of conglomerates ...

POSCO Chem breaks ground for battery material plant

POSCO Chem breaks ground for battery material plant

South Korea’s POSCO Chemical Co. started construction of a battery material plant in the country as a part of its plan to boost production cap...

Samsung sees record first-quarter sales; business outlook murky

Samsung sees record first-quarter sales; business outlook murky

Samsung Electronics Co. likely posted record revenue in the first quarter, driven by brisk sales of memory chips and smartphones. Its shares, howeve...

SK Hynix, Solidigm unveil SSD for data centers

SK Hynix, Solidigm unveil SSD for data centers

South Korea's SK Hynix Inc., the world’s top-tier semiconductor manufacturer, unveiled its new solid-state drive (SSD) for data centers on A...

Kakao Piccoma acquires Japan’s cryptocurrency exchange SEBC

Kakao Piccoma acquires Japan’s cryptocurrency exchange SEBC

Kakao Corp., South Korea’s top mobile messenger app operator, has acquired a controlling stake in Sakura Exchange BitCoin (SEBC), a Japanese c...

Korea’s battery trio cornered by Chinese rivals’ overseas advance

Korea’s battery trio cornered by Chinese rivals’ overseas advance

China’s leading battery makers are actively advancing into overseas markets with plans to build manufacturing factories close to their clients...

SK Innovation to list battery unit 2025 at earliest

SK Innovation to list battery unit 2025 at earliest

South Korean SK Innovation Co. does not expect to list its battery subsidiary until at least 2025, the company’s chief executive said on Thurs...

Hyundai E&C, Holtec sign nuclear power plant decommissioning deal

Hyundai E&C, Holtec sign nuclear power plant decommissioning deal

Hyundai Engineering & Construction Co. is tapping into the US nuclear power plant dismantlement market by expanding its partnership with Holtec ...

Samsung’s Life Science Fund invests in US biotech Jaguar Gene Therapy

Samsung’s Life Science Fund invests in US biotech Jaguar Gene Therapy

Samsung Group’s 150 billion won ($124 million) Life Science Fund launched last year has chosen a leading US gene therapy development company a...

Kiturami Boiler bets on chip, battery facility systems

Kiturami Boiler bets on chip, battery facility systems

Choi Jin-min, founder and chairman of Kiturami Boiler Co., is one of the few living witnesses in South Korea's boiler history. At the age of 21, he ...

SK Chemicals to invest $1.6 bn in green, biopharmaceutical sectors

SK Chemicals to invest $1.6 bn in green, biopharmaceutical sectors

South Korea’s SK Chemicals plans to invest more than 2 trillion won ($1.6 billion) in eco-friendly material and biopharmaceutical businesses.T...

KTB rebrands with name change as Daol Financial Group

KTB rebrands with name change as Daol Financial Group

Daol Financial Group of South Korea, formerly known as KTB Financial Group, announced on March 25 the change in the company's name. Daol, a Korean w...

LG Household to lower reliance on Chinese market as shares slump

LG Household to lower reliance on Chinese market as shares slump

LG Household & Health Care Ltd. was one of the most coveted shares on the Korean bouse in the past couple of years as the company basked in the ...

LG Energy, Stellantis to build $4.1 billion battery plant in Canada

LG Energy, Stellantis to build $4.1 billion battery plant in Canada

The world’s second-largest battery maker LG Energy Solution Ltd. and multinational automaker Stellantis N.V. have agreed to build a $4.1 billi...

South Korea's 2021 outbound FDI at record-high $76 bn

South Korea's 2021 outbound FDI at record-high $76 bn

South Korea's outbound direct investment in 2021 soared 32.8% from the year previous to a record-high $75.9 billion, led by financial investors and ...

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 Allianz-backed Koh Young’s brain surgery robot set for US debut by end-August