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...

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...

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 ...

Samsung, LG, SK step up push into blockchain market

Samsung, LG, SK step up push into blockchain market

Top South Korean conglomerates such as Samsung, LG and SK are stepping up efforts to build a presence in the blockchain and crypto-asset markets, a ...

Entertainment shares shine as BTS, Twice return to stage

Entertainment shares shine as BTS, Twice return to stage

South Korean entertainment stocks rallied as K-pop stars such as BTS and Twice return to the stage amid global economic reopening with growing hopes...

Hyundai Dept. Store to buy Zinus for $735 mn

Hyundai Dept. Store to buy Zinus for $735 mn

South Korea’s major retailer Hyundai Department Store Group is set to buy Zinus Inc., a maker of best-selling mattresses in North America for ...

Korean online banks’ disruptive business model: Woo low-credit borrowers

Korean online banks’ disruptive business model: Woo low-credit borrowers

South Korea’s three major digital banks are stepping up their credit loans to borrowers with low credit ratings, a disruptive business model s...

Hanwha invests another $11 mn in US communications firm Kymeta

Hanwha invests another $11 mn in US communications firm Kymeta

Hanwha Systems Co., the defense and air mobility unit of South Korea’s Hanwha Group, made another investment of $11 million in Kymeta Corp., a...

Innocean to wholly own US media agency Canvas with 49% stake buy

Innocean to wholly own US media agency Canvas with 49% stake buy

Innocean Worldwide Holdings Inc., a South Korean marketing company, will wholly own US media agency joint venture Canvas Worldwide LLC by acquiring ...

Offices in Gangnam attract global investors amid market volatility

Offices in Gangnam attract global investors amid market volatility

South Korean and overseas institutional investors are eyeing offices in Gangnam District, Seoul, amid concerns over inflation and market volatilit...

SK E&S to start business of carbon storage in depleted gas fields

SK E&S to start business of carbon storage in depleted gas fields

South Korea’s SK E&S Co. is set to enter the business of carbon storage in depleted gas fields.The natural gas business unit of SK Group s...

Korea’s Voronoi in talks with global firms on drug designs

Korea’s Voronoi in talks with global firms on drug designs

South Korea’s biotechnology startup Voronoi Inc. is in talks with global biomedical companies on drug designs as it aims to expand the busines...

Korea’s trading firms set sights on EV parts production for growth

Korea’s trading firms set sights on EV parts production for growth

South Korea’s general trading companies, which usually work as middlemen linking buyers with sellers, are seeking to transform into eco-friend...

Korea Inc. revises business plans as rising oil prices hit economy

Korea Inc. revises business plans as rising oil prices hit economy

South Korean companies are revising their business plans for this year as soaring oil prices slam Asia’s fourth-largest economy. Inflation is ...

South Korea's working young teeter on brink of debt disaster

South Korea's working young teeter on brink of debt disaster

As the liquidity party is coming to an end, rising interest rates and falling asset values are highlighting concerns about household debt taken on b...

LG ramps up 6G development for first mover advantage 

LG ramps up 6G development for first mover advantage 

LG Electronics Inc. recently signed an MoU with the Korea Advanced Institute of Science and Technology (KAIST) for the second phase of their joint...

Samsung SDS joins hands with Amazon for global cloud business

Samsung SDS joins hands with Amazon for global cloud business

Samsung SDS Co., South Korea’s information technology service company, is set to expand its global cloud service business in cooperation with ...

S. Korea to track engineers' travel to control tech leaks

S. Korea to track engineers' travel to control tech leaks

South Korea will create a roster of engineers in its core business sectors to monitor their travel in and out of the country. The decision aims to...

Thoma Bravo may attract $200 mn from NPS, KTCU

Thoma Bravo may attract $200 mn from NPS, KTCU

National Pension Service (NPS), Korean Teachers’ Credit Union (KTCU) and other institutional investors of South Korea are likely to contribute...

Online platforms emerge as new battlefield for auto sales in Korea

Online platforms emerge as new battlefield for auto sales in Korea

Visiting a car dealer’s stylish showroom to touch, feel and sometimes test drive a car before purchase has for decades been a rite of passage ...

Defense giants eager to bolster satellite business

Defense giants eager to bolster satellite business

In the era of space privatization, satellites are the driving forces.South Korea’s main defense systems makers are turning away from arms expo...

Samsung hires ex-US Amb. Lippert as PR chief for N.American business

Samsung hires ex-US Amb. Lippert as PR chief for N.American business

WASHINGTON D.C. – Samsung Electronics Co. has hired Mark Lippert, former US ambassador to South Korea, as an executive in charge of corporate ...

POSCO wins shareholder support to launch holding firm

POSCO wins shareholder support to launch holding firm

South Korea's POSCO Co. will transform into a holding company structure on Mar. 2, after its plan to split itself into a holding firm and a steelmak...

Naver to invest $330 mn in content business expansion

Naver to invest $330 mn in content business expansion

Naver Corp., South Korea’s online portal giant, decided to make an additional investment in a web content unit to expand its global webtoon an...

LG overtakes Whirlpool as top appliance maker with record 2021 sales

LG overtakes Whirlpool as top appliance maker with record 2021 sales

LG Electronics Inc. has overtaken Whirlpool Corp. as the world’s top manufacturer of home, kitchen and laundry appliances after posting record...

Netmarble vows aggressive expansion in blockchain, metaverse

Netmarble vows aggressive expansion in blockchain, metaverse

Netmarble Corp. unveiled detailed plans for a hawkish entry into the blockchain and metaverse industries on Thursday. The mobile game developer...

HDC Hyundai eyes over $800 mn in loans after fatal accident

HDC Hyundai eyes over $800 mn in loans after fatal accident

South Korea's HDC Hyundai Development Co. plans to raise more than 1 trillion won ($832 million) in funding backed by its real estate holdings as th...

Hyosung's operaing profit reaches record $2 bn last year

Hyosung's operaing profit reaches record $2 bn last year

Hyosung Group’s annual operating profit exceeded two trillion won ($1.9 billion) for the first time since the company was founded in 1966.Loca...

Hyosung goes greener with $836 million green hydrogen project

Hyosung goes greener with $836 million green hydrogen project

Hyosung Group is stepping up efforts to turn into an eco-friendly business, announcing huge investment plans on hydrogen and renewable energy projec...

LG links up with Chinese rivals for budget appliance supremacy Mercedes opens world’s 1st Maybach flagship center in Seoul Blackpink's new single Jump tops Spotify daily chart K-content goes cultural: KPop Demon Hunters sparks heritage K-goods craze POSCO supplies HIC-resistant steel for Aramco’s Fadhili gas plant