Kolon Industries posts strong Q2 results with growth in all key areas
Kolon Group’s industrial materials maker Kolon Industries Inc. saw a quarterly operating profit over 100 billion won ($87 million) for the fir...
Apple adds LG Elec to iPhone vendor list in Korea
LG Electronics Inc. will begin to sell Apple Inc.'s iPhone at its retail stores across South Korea from mid-August, as the Korean home appliance mak...
Shinsegae enters alternative meat market with own brand
South Korea’s retail conglomerate Shinsegae Group’s food affiliate Shinsegae Food Inc. has entered the fast-growing alternative meat mar...
Samsung SDI to build EV battery plant in US
Samsung SDI Co. plans to set up an electric vehicle (EV) battery plant in the US, joining South Korean battery producers’ move to gain ground ...
LS Cable to build Korea’s tallest cable production tower, invest $161 million
LS Cable & System Ltd. is investing 185.9 billion won ($161 million) to expand its high-voltage underwater cable manufacturing facilities, inclu...
IMB Dx eyes platform to detect stage 1 cancer with single draw of blood
IMB Dx Inc., a South Korean biotechnology startup focusing on diagnostic devices, plans to develop a platform that can detect early-stage cancer wit...
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 ...
Samsung courts image sensor leader Sony with new automotive products
Samsung Electronics Co., the world’s second-largest image sensor maker, is courting industry leader Sony Corp. with its new line of automotive...
Strong China sales lift Cosmax shares 20% in two months
Korea’s leading cosmetics manufacturer Cosmax Inc.’s share price is skyrocketing this year, thanks to the company's strong performance i...
SK Hynix joins Micron in 4th-gen 10nm DRAM production
SK Hynix Inc. has kicked off mass production of its 8 Gigabit (Gb) LPDDR4 mobile DRAM chips based on the 1a nanometer (1anm) node, according to the ...
Netflix joins hands with Dexter Studios for visual, sound effects
Netflix Inc. has entered into a two-year partnership with South Korea's leading post-production studio which creates digital images and mixes sound ...
Lotte Chemical to double LPG use as petchem makers diversify feedstock
South Korean Lotte Chemical Corp. plans to double liquefied petroleum gas (LPG) use for ethylene production by next year as the domestic industry ru...
HYBE CEO steps down to focus on music production
BTS agency HYBE’s founder Bang Si-hyuk will resign from his position as CEO to focus on music production. HYBE said that Bang will remain as c...
SK Siltron to ramp up wafer production from 2022
SK Group’s silicon wafer affiliate SK Siltron Co. is planning to expand wafer production facilities amid growing demand from the global chip m...
Israel’s Nanox begins production of digital X-ray components in Korea
Nano-X Imaging Ltd. (Nanox), an Israeli startup listed on the Nasdaq last August, has started manufacturing digital X-ray components in South Korea....
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...
Hyundai Santa Cruz to challenge Ford Maverick in US pickup market
Hyundai Motor Co.’s upcoming Santa Cruz pickup is challenging US truck giant Ford Motor Co.'s Maverick even before the South Korean automaker&...
CureVac may pick Korea as Asian base for COVID vaccine production
German biopharmaceutical company CureVac N.V. may choose South Korea as one of its global production bases for the COVID-19 vaccine following Korean...
Kakao enters insurance sector for synergy with its online platforms
Kakao Corp.’s ambition to become an insurer is gradually becoming a reality. The platform giant’s application to start an insurance busi...
Petroleum products rebound; Korea reaches all-time high April exports
Petroleum products become driving force behind South Korea's export market Exports of petroleum products turned positive this year, driving South K...
SK invests in the US 'turquoise' hydrogen maker Monolith Materials
SK Inc., the holding and investment company of SK Group, has made another big investment in the US hydrogen segment.On Jun. 3, SK said that it bough...
Global automakers accelerate EV push as chip shortage eases
Global auto companies are moving forward with their electric vehicle (EV) and other future mobility initiatives as the global semiconductor shortage...
Hahn & Co. acquires controlling stake in Namyang Dairy Products
South Korea’s private equity (PE) firm Hahn & Co. has acquired a controlling 53% stake in Namyang Dairy Products, acquiring all shares own...
China’s heavy imports of copper, steel scrap hurt Korean SMEs
South Korea’s massive exports of scrap steel and scrap copper to China are hurting its domestic companies that are struggling to secure the st...
Korean medical cosmetics firms make big rebound in Q1
South Korean medical cosmetics companies that underwent a tough year in 2020 are posting rejuvenated earning results thanks to s rise in demand in E...
SK Hynix push for takeover of Key Foundry to boost foundry production
SK Hynix Inc. is taking the first steps to take over South Korea-based Key Foundry, a move in line with recent remarks from Park Jung-ho, the SK Hyn...
SK Hynix starts mass production of high-performance SSDs
South Korea’s SK Hynix Inc. has begun the mass production of its latest high-performance solid-state drives (SSDs) amid intensifying competiti...
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...
SK, Kolon tie up on biodegradable plastic production
SK Global Chemical Co., a petrochemical subsidiary of SK Innovation Co., will produce biodegradable plastics together with chemical and textile heav...
Hyundai Oilbank, Air Products sign MOU to make hydrogen
Hyundai Oilbank Co., the oil refining unit under Hyundai Heavy Industries Holdings Co., has joined hands with US gas and chemical company Air Produc...
