Hyundai Mobis files 3,000 patents for future car techs over 3 years

Hyundai Mobis, the world’s sixth-largest auto parts maker, announced on Tuesday that it published the Sustainability Report 2024, which includ...

Hyundai Steel builds global sales network of low-carbon steel

South Korea’s Hyundai Steel Co. announced on Tuesday that it signed a memorandum of understanding (MOU) with European customers to sell low-ca...

EV battery maker LG Energy eyes $2 bn global bond sale

LG Energy Solution Ltd., the world’s third-largest electric vehicle battery maker, is poised to raise $2 billion in global bonds by the end of...

Doosan emerges as darling in Korea’s BBB bond market

Doosan Co. is poised to raise up to 80 billion won ($58 million) in bond sales this week following its credit rating upgrade as the holding company ...

Korean seafood giant Sajo acquires Foodist for $181 million

Sajo Group, a South Korean seafood and fisheries conglomerate, has acquired Foodist Co., a domestic food ingredient and catering service provider, f...

HD KSOE eyes $3.4 bn worth of orders from France's CMA CGM

South Korea’s largest shipbuilder, HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), is eyeing around $3.4 billion worth of orde...

LG Innotek eyes $1.4 bn in automotive sensor sales by 2030

LG Innotek Co., South Korea’s leading mobile camera module maker, is upping the ante to lead the automotive sensing market with high-performan...

Lotte Home Shopping to enter health functional food market

South Korea's Lotte Home Shopping announced on Monday that it plans to establish a joint venture, The Edition Health, with H.Pio, a specialized heal...

Lotte Energy Materials sets sights beyond copper foil: CEO Kim

MUNICH – Lotte Energy Materials Corp. is one of South Korea’s leading battery materials specialists.Formerly known as Iljin Materials Co...

SK Shieldus, CP6 team up for autonomous vehicle security

SK Shieldus Co., the unmanned security subsidiary of South Korea's SK Group, announced on Friday that it has signed an agreement with CP6, a domesti...

Affinity to buy Korea's No. 2 car leasing firm for $591 mn

Affinity Equity Partners will buy a 100% stake in South Korea’s second-largest car leasing company SK Rent-a-Car Co. for 820 billion won ($591...

Korean soju maker HiteJinro aims high with its first Vietnam plant

HANOI – Thai Binh, a port city about 120 km southeast of the Vietnamese capital, has long been associated, in people’s minds, with the i...

S.Korea's Handsome opens global flagship store System Paris

South Korean fashion company Handsome Corp. announced on Wednesday that it will open its first global flagship store System and System Homme Paris i...

Netmarble's new RPG 'Solo Leveling' logs $70 mn sales in 1st month

South Korean game developer Netmarble Corp. is enjoying growing sales of its new action role-playing game (RPG) “Solo Leveling: Arise,” ...

Hyundai Motor to produce Genesis cars in Kazakhstan

Hyundai Motor Group will produce Genesis models from its knock-down (KD) plant in Kazakhstan to bolster the South Korean auto giant’s luxury m...

Tcha Partners mulls largest-ever sale of Korean bus operators

Seoul-based private equity firm Tcha Partners Asset Management Co., which owns 17 domestic quasi-public bus operators via four funds that closed at ...

SK Hynix patents-owned Mimir IP files complaint against Micron

Mimir IP, a South Korea-based patent management company, has filed a complaint against Micron Technology Inc., claiming that the US chipmaker infrin...

Asiana's cargo unit to be sold for $362 mn to Air Incheon

South Korean flag carrier Korean Air Lines Co. has tapped Air Incheon, a local airline dedicated to cargo business, as the preferred bidder to acqui...

BNK Capital opens microfinance organization in Uzbekistan

South Korea’s BNK Capital announced on Friday that it established a microfinance organization in Uzbekistan the previous day.Since entering Ca...

Japan golf courses, Korean investors’ new target assets

South Korean investors are eyeing Japan’s golf resorts to buy amid the weak yen, rising demand for golf courses in Japan, and relatively low p...

Samsung unveils new foundry tech; AI chip sales to rise ninefold

SAN JOSE, Calif. – Samsung Electronics Co., the world’s largest memory chipmaker, on Wednesday unveiled a new contract chipmaking techno...

Hyundai to debut car-carrier hydrogen trucks in H2

Hyundai Motor Co. plans to roll out car carrier trailers and refrigerator trucks powered by hydrogen in the second half of this year with a focus on...

SK, Geely join forces for EV battery, component production

SK Inc., the holding company of South Korea’s No. 2 conglomerate SK Group, will join forces with Chinese auto giant Zhejiang Geely Holding Gro...

LG Innotek begins supplying AI chip substrates to Big Tech

LG Innotek Co., a leading South Korean electronics parts maker, is for the first time supplying high-performance chip substrates for AI devices to g...

POSCO Int'l breaks ground on traction motor core plant in Poland

South Korea's POSCO International Corp., broke ground on the new electric vehicle (EV) traction motor core plant in Brzeg, Opole Voivodeship, Poland...

Kia launches 2024 model year of Morning

Kia Corp. announced on Monday that it launched its flagship compact car Morning's model year the 2024 Morning. The 2024 Morning featured the ne...

S.Korean IT companies partner with K-pop girl groups

South Korean game companies like Krafton Inc. and Nexon Korea Corp., and telecom firms such as SK Telecom Co., are collaborating with K-pop girl gro...

Hyundai, Kia to require stricter ESG compliance from subcontractors

South Korea’s top automaker Hyundai Motor Group plans to require stricter environmental, social and governance compliance from its partners st...

Foreign VIP customers boost Korean department stores' sales

Wei Liu, a 41-year-old Taiwanese businessman, snapped up 300 million won ($220,000) worth of luxury brand products at Hyundai Department Store&rsquo...

HD KSOE gets $100 mn order for two PC ships

South Korea's HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) announced on Friday that it has recently signed a contract with a Europ...