E-Land sells Shanghai warehouse for $2.2 bn to lower debt ratio

Retail conglomerate E-Land Group completed selling its first overseas logistics center in Shanghai for about 1.4 billion Chinese yuan ($2.2 billion)...

Coupang to shake up Korea’s logistics industry landscape

South Korea’s e-commerce giant Coupang Inc. is looking to tap into the country’s logistics industry, shaking up the sector, while market...

IGIS invests in Kakao Enterprise for AI-embedded real estate

IGIS Asset Management Co. and its venture capital affiliate are slated to invest 10 billion won ($8.3 million) in Kakao Enterprise Corp., an artific...

Hyundai Motor unveils world’s first hydrogen garbage truck

Hyundai Motor Group revealed a clip of the world’s first hydrogen-powered garbage truck Thursday. The video titled “Dear My Hero” ...

Hyundai Glovis opens firm in Chengdu for logistics to Europe

Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, has founded an affiliate in Chengdu, the largest trade city in western China, for rai...

Korea’s Midas Asset buys logistics center in Italy for €200 mn

South Korea’s Midas Asset Management Co. has bought a logistics center leased to Amazon, the world’s top online shopping mall, in Italy ...

LG to expand medical equipment business with pain-relieving device

LG Electronics Inc. is expanding its business scope to the medical equipment sector with a plan to unveil a pain-relieving device in an effort to ga...

Deepening diesel exhaust fluid crisis puts Korea’s key industries at risk

The diesel exhaust fluid (DEF) shortage in South Korea stemming from China's suspension of urea exports is getting worse, as local DEF inventories a...

Sartorius to invest $300 mn in bio material, equipment plant in Korea

Sartorius AG, German laboratory equipment and raw material maker, is slated to invest $300 million in the next three years to build a plant in South...

KTB to launch REITs for logistics centers in Vietnam and housing in US

South Korean asset manager KTB Asset Management Co. plans to launch two overseas real estate investment trusts (REITs) to invest in Vietnam-based lo...

KIC to raise alternative investments to 25% by 2027

Korea Investment Corp. (KIC) plans to increase alternative investments to a quarter of its portfolio by 2027 from the current 16%, its CEO Jin Seoun...

Office investment falls 15% in Q3 2021, CBRE says

The real estate investment market size in South Korea during the third quarter of this year reached 3.7 trillion won ($3.2 billion), showing a small...

Race to produce high-nickel batteries accelerates

South Korea's top three electric vehicle battery makers -- LG Energy Solution Ltd., SK On and Samsung SDI Co. -- are gearing up for full-scale produ...

Huawei, Ericsson or Nokia? Apple or Samsung? US or China? Who’s winning the 5G races?

Once a glimmer in the eyes of executives from Shenzhen to Silicon Valley, 5G now dominates a broad swath of the global supply chain—and the ...

M&G picks logistics, residential property for 2022

London-based M&G Investments expects the logistics and residential real estate markets in most parts of Europe to continue to offer attractive r...

S.Korean heavy equipment makers ride global raw materials boom

The surging demand for raw materials around the world are driving sharp sales rebounds of South Korea’s two leading equipment makers Hyundai C...

New Mercedes-Benz C-Class equipped with LG ADAS camera

The new Mercedes-Benz C-Class is equipped with LG Electronics Inc.’s advanced driving assistance system (ADAS) camera module, helping the Sout...

Hyundai Glovis launches ECOH brand for hydrogen, battery businesses

Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, said on Monday it is launching a new brand to beef up its eco-friendly business, includ...

LG Energy develops safer, long-lasting solid-state battery technology

South Korea’s LG Energy Solution Ltd. said on Friday the company and the University of California San Diego have jointly developed a next-gene...

Hyundai Glovis inks gas shipping deal with Trafigura

South Korea’s Hyundai Glovis Co. has inked a deal with global commodities trader Trafigura to transport gas and ammonia as part of its longer-...

SK gas stations to become CJ Logistics micro-fulfillment centers

South Korea’s leading logistics company CJ Logistics Corp. teamed up with SK Energy to aim the domestic quick commerce market, utilizing gas s...

Hyundai to delay launch of IONIQ 6 for redesign, longer mileage

Hyundai Motor Co. will delay the much-anticipated launch of the IONIQ 6, the top South Korean automaker’s second all-electric vehicle on an ex...

S.Korean archers power to Tokyo victory with Win&Win bows

Last Friday, South Korea's An San became the first archer in Olympic history to win three gold medals at a single Games: the women's individual comp...

Hankook Tire to equip Volkswagen ID.4 with EV tires

South Korea’s top tire manufacturer Hankook Tire & Technology has again widened its client pool of electric vehicles (EVs). The company sa...

Doosan Heavy to invest $60 mn more in US NuScale Power

South Korea’s major power plant builder Doosan Heavy Industries & Construction Co. will further invest in NuScale Power LLC, a US small mo...

LG CNS to launch Korea’s first drive-through micro-fulfillment center

Micro-fulfillment is on everyone’s lips these days, or so it seems, as retailers compete to drastically slash delivery times for online orders...

LX Group’s Pantos to enter e-commerce market with fulfillment service

Pantos Co., the logistics unit of South Korea’s newly established LX Group, is entering the global e-commerce market by launching a worldwide ...

Mastern, Kiwoom close $200 mn France logistics deal

South Korea's Mastern Investment Management Co. and Kiwoom Securities Co. have completed the acquisition of six last-mile distribution centers in Fr...

Delivery service provider Barogo wraps up $72 mn Series C round

Logistics IT platform service Barogo has successfully wrapped up an 80 billion won ($72 million) Series C round, far above the company's initial tar...

Shinhan REITs poised to buy Amazon logistics center

South Korea's Shinhan REITs Management Co. is poised to invest $93 million to buy a pre-completed fulfillment center in New Mexico, under a long-ter...