SK E&S to sell 49% stake in city gas businesses; valued over $895 mn

SK E&S to sell 49% stake in city gas businesses; valued over $895 mn

South Korea-based energy company SK E&S Co. is pushing to liquidate its assets by carrying out a stake sale in its profitable city gas businesse...

SK Innovation’s Q4 EV battery business revenue hits record high

SK Innovation’s Q4 EV battery business revenue hits record high

South Korea’s SK Innovation Co. on Friday posted record sales revenue in its electric-vehicle battery business in the fourth quarter of 2020 a...

SK, China’s Geely eye investment fund for hydrogen, eco-friendly business

SK, China’s Geely eye investment fund for hydrogen, eco-friendly business

South Korea’s SK Holdings Co. and China’s Geely Auto Group are looking to set up a joint fund designed to invest in hydrogen and other e...

Naver to enter strategic partnership with BTS label

Naver to enter strategic partnership with BTS label

South Korea’s internet giant Naver Corp. plans to enter into a strategic partnership with Big Hit Entertainment Co., the label behind K-pop se...

Vingroup eyes LG’s smartphone business: Reports

Vingroup eyes LG’s smartphone business: Reports

Vietnam’s largest conglomerate Vingroup is interested in acquiring part of LG Electronics Inc.’s smartphone operation to bolster its hig...

Lotte Chem ready to bid for JSR’s synthetic rubber business

Lotte Chem ready to bid for JSR’s synthetic rubber business

South Korea’s Lotte Chemical Corp. has completed due diligence on the synthetic rubber operation of JSR Corp., put up for sale by the Japanese...

LG Electronics to consider selling smartphone business

LG Electronics to consider selling smartphone business

South Korea-based LG Electronics Inc. looks to be considering selling off its struggling smartphone division, which has been in the red for 23 con...

Japan’s JSR reaches out to Lotte, LG for sale of synthetic rubber business

Japan’s JSR reaches out to Lotte, LG for sale of synthetic rubber business

Japan’s JSR Corp. is reaching out to Korean chemical companies to dispose of its synthetic rubber business and focus instead on semiconductor ...

Hanwha Solutions to raise $1 bn to boost eco-friendly energy businesses

Hanwha Solutions to raise $1 bn to boost eco-friendly energy businesses

Hanwha Solutions Corp. is preparing to raise 1.2 trillion won ($1.1 billion) through rights issues to shore up new growth drivers, particularly it...

S-Oil to speed up push into chemical business

S-Oil to speed up push into chemical business

S-Oil Corp., 63.4% owned by Saudi Aramco, will more than double its petrochemical production capacity over the next decade to further expand beyond ...

The art and business of the remake

The art and business of the remake

A decade ago, if you dropped the word "remake" into conversation with someone who worked in the Korean film industry, a discussion might have ensued...

Korea’s commercial law revisions irk businesses, limit top shareholders’ clout

Korea’s commercial law revisions irk businesses, limit top shareholders’ clout

The National Assembly on Wednesday passed a series of commercial law revisions designed to limit business owners’ clout and enhance supervisio...

Samsung hands over diagnostics business to local bio firm

Samsung hands over diagnostics business to local bio firm

Samsung Electronics Co. has agreed to hand over the business rights for its in vitro diagnostics (IVD) unit to a South Korean bio company as part ...

SK injects $200 mn into Roivant partnership for new drug development

SK injects $200 mn into Roivant partnership for new drug development

SK Holdings Co., the holding company of South Korean conglomerate SK Group, has become the first Korean company to foray into the targeted protein d...

SK to create $27 bn in addt'l net asset value via hydrogen business

SK to create $27 bn in addt'l net asset value via hydrogen business

SK Holdings Co., the holding company of South Korean conglomerate SK Group, aims to be at the forefront of the country's hydrogen ecosystem as part ...

Samsung promotes young executives to lead memory, foundry businesses

Samsung promotes young executives to lead memory, foundry businesses

Samsung Electronics Co. on Wednesday announced a leadership shuffle in its two key businesses – memory chips and foundry – as the South ...

NHN, Intel team up to take on cloud business

NHN, Intel team up to take on cloud business

South Korean IT heavyweight NHN Corp. and US-based tech giant Intel Corp. have entered into a strategic partnership to boost their presence in the c...

Kakao, Google in talks over mobility partnerships

Kakao, Google in talks over mobility partnerships

Kakao Mobility Corp., the transportation arm of South Korea's No. 1 messaging operator Kakao Corp., is in talks with global IT giant Google over pot...

Rising demand for underwater cables keeps LS Cable busy round the clock

Rising demand for underwater cables keeps LS Cable busy round the clock

DONGHAE, Gangwon Province -- On a winter’s day in Donghae, Gangwon Province, some 250 km northeast of Seoul, LS Cable & System Ltd. wor...

Korean Air, Asiana may merge MRO businesses after spin-off

Korean Air, Asiana may merge MRO businesses after spin-off

South Korea’s two largest airliners, Korean Air Lines Co. and Asiana Airlines Inc., may combine their airplane repair and maintenance businesses...

Hyundai Motor, SP Group to expand EV battery business in Singapore

Hyundai Motor, SP Group to expand EV battery business in Singapore

Hyundai Motor Co. is seeking to expand its electrice vehicle battery business in Southeast Asia in cooperation with Singapore’s state-run utilit...

Hyundai Motor may buy Boston Dynamics to bolster robotics business

Hyundai Motor may buy Boston Dynamics to bolster robotics business

Hyundai Motor Co. may acquire Boston Dynamics Inc., a US-based robotics company, from Japan’s SoftBank Group Corp. in a deal worth as much as $1...

LG Chem shareholders approve plan to split off battery business

LG Chem shareholders approve plan to split off battery business

LG Chem Ltd. shareholders have approved the South Korean chemical maker’s plan to hive off its battery business, paving the way for the standalo...

SK Telecom tackles 5G content business

SK Telecom tackles 5G content business

South Korea's largest mobile carrier SK Telecom Co. aims to ramp up its 5G content business and foray into overseas markets to boost its presence in t...

Samsung’s Jay Y. Lee meets Vietnam's PM Phuc to discuss business ties

Samsung’s Jay Y. Lee meets Vietnam's PM Phuc to discuss business ties

Samsung Electronics Co. Vice Chairman Jay Y. Lee met with Vietnam’s Prime Minister Nguyen Xuan Phuc on Oct. 20 to discuss ways to strengthen bus...

NPS forms co-investment partnership with Dutch pension

NPS forms co-investment partnership with Dutch pension

The National Pension Service has formed a strategic alliance with Dutch pension fund manager APG, through which they recently made co-investments in A...

SK Hynix to buy Intel’s NAND business in $9 bn cash deal

SK Hynix to buy Intel’s NAND business in $9 bn cash deal

SK Hynix Inc. has signed a 10.3 trillion won ($9 billion) all-cash deal to buy Intel Corp.’s NAND memory chip business that will propel the Sout...

Hyosung to accelerate asset sales, IPOs to spur growth in hydrogen, data businesses

Hyosung to accelerate asset sales, IPOs to spur growth in hydrogen, data businesses

Hyosung Group, a South Korean textile and chemicals conglomerate, is accelerating efforts to sell assets and list major subsidiaries on the local bour...

Global IBs scurry to win IPO mandates for LG Chem’s battery business spin-off

Global IBs scurry to win IPO mandates for LG Chem’s battery business spin-off

Global investment banks are scrambling to win IPO mandates for LG Chem Ltd.’s battery business, which the South Korean company plans to hiv...

BTS' Big Hit focuses on sustainable fandom-based business model

BTS' Big Hit focuses on sustainable fandom-based business model

Big Hit Entertainment Co., behind the K-pop idols BTS, is switching its focus to online concerts, merchandise and character businesses from offline pe...

Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media Return of the K-pop queens: Blackpink, Twice power up YG, JYP Samsung to launch AI health coach beta in US by end-2025 South Korea moves to mandate treasury share cancellation