Kumho Petrochem, POSCO look to carbon nanotube JV, share swap

South Korea’s Kumho Petrochemical Co. and POSCO International Corp. are considering launching a joint venture to produce carbon nanotubes (CNT...

Samsung Biologics eyes new drugmaker acquisitions

BARCELONA -- Samsung Biologics Co., the world’s top contract manufacturing organization by capacity, is looking for acquisitions of new drugma...

Samsung Group introduces senior outside director system

Samsung Group has created the position of senior outside director, granted as much authority as the chair of a board of directors, for the first tim...

Samsung Electro-Mechanics sees share price target cut

South Korean brokerages have downgraded their target prices for Samsung Electro-Mechanics, following a significant earnings shock in the third quart...

Korean garment maker Hansae targets growth amid economic woes

HO CHI MINH CITY – South Korean garment maker Hansae Co. expects to see decent growth in sales and profits next year despite the global clothi...

LG Energy Solution to start producing cheaper EV batteries

LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, plans to manufacture cheaper EV batteries such as lithium ...

POSCO Future M sees cathode material prices falling 12% in Q4

South Korean electric vehicle battery materials maker POSCO Future M Co. predicts that cathode material prices in the fourth quarter will drop as mu...

ESTsoft, LG Energy sign AI human education program contract

South Korea's AI service specialist company ESTsoft Corp. announced on Tuesday it has signed an education content supply contract with LG Energy Sol...

CS Wind eyes $2.2 bn sales in 2024 with Bladt

CS Wind Corp., a South Korean wind turbine tower manufacturer, expects its sales next year to double from last year’s to reach about 3 trillio...

Hanmi Pharma’s Phase 3 trials for anti-obesity medicine approved

South Korea’s Hanmi Pharmaceutical Co. on Monday said the Ministry of Food and Drug Safety approved Phase 3 clinical trials for the company&...

Mirae Asset promotes Indian unit head to vice chairman

Mirae Asset Financial Group, South Korea’s leading financial conglomerate, on Monday promoted Swarup Mohanty, the head of its Indian asset man...

Lotte, two SK Group units to join hands for carbon capture

Lotte Chemical Corp., SK Innovation Co. and SK IE Technology Co. (SK IET) have signed a memorandum of understanding (MOU) to make their joint push i...

S.Korean game developer Smilegate, angel of local startups

Smilegate, South Korean developer of the world’s top first-person shooter game Crossfire, is raising investments in domestic startups despite ...

Hyundai, Kia aim for 20% share in Middle East with EVs by 2030

Hyundai Motor Co. and its sibling Kia Corp. together target selling 550,000 cars annually in the Middle East by 2030 to control about 20% of the reg...

Korea's HMM creditors convert $739 mn bonds into shares

Shares of HMM Co., South Korea’s No. 1 container line, are likely to fall as its main creditors exchanged perpetual convertible bonds (CBs) an...

Kakao Enterprise, Salesforce establish joint sales partnership

South Korea's Kakao Enterprise Corp. announced on Friday that it has formed a joint sales partnership with Salesforce Korea to support digital innov...

Hyundai Motor muscles into online used car market

Hyundai Motor Co. is slated to start selling certified used cars online from Oct. 24, three years after its announcement to enter the 30 trillion wo...

Samsung Bioepis releases Soliris biosimilar in Europe

Samsung Bioepis Co., a biopharmaceutical research and development unit under South Korea's Samsung Group, is rolling out its latest product Epysqli,...

Taeyoung to sell cash cow to shore up ailing construction arm

South Korea’s medium-sized business group Taeyoung Group said on Wednesday it is near to selling its cash cow logistics unit to shore up its f...

Tesla supplier L&F's precursor unit begins IPO process

L&F Co., a South Korean electric vehicle battery materials supplier to Tesla Inc., has embarked on a process to list its subsidiary in the local...

POSCO Int’l completes Mexico EV motor core plant for N.American market

POSCO International Corp., the energy and trading unit of South Korea’s steel giant POSCO Holdings Inc., concluded construction on an electric...

Ably's amood to support K-fashion's expansion into Japan

South Korean fashion commerce platform Ably Corp. announced on Wednesday its Japanese shopping platform amood starts a one-stop service for domestic...

Brookfield puts Conrad Seoul on market at over $370 mn

Brookfield Asset Management is seeking to sell off five-star hotel Conrad Seoul at more than 500 billion won ($369.5 million), tapping real estate i...

Korea’s LG telecom unit to launch logistics platform service

LG Uplus Corp., South Korea’s No. 3 mobile carrier, is poised to launch a platform service that will digitally transform the local logistics s...

Samsung, LG waging fierce war in OLED screen panels

South Korea’s Samsung Display and LG Display Co. are locked in a fierce war for supremacy in manufacturing OLED panels for monitors amid boomi...

HSBC, BNP Paribas to be fined for naked short sales in S.Korea

South Korea's Financial Supervisory Service (FSS) will fine the Hongkong and Shanghai Banking Corporation Ltd. (HSBC) and Bank BNP Paribas the large...

S.Korea's SKC to sell polyurethane raw material unit for $304 mn

South Korean chemical material company SKC Ltd. is selling its unit for raw materials of polyurethane (PU), a chemical substance.The company’s...

Kia unveils low-cost EV models to reboot sales growth

Kia Corp., South Korea’s No. 2 automaker, showcased new low-cost electric vehicles on Thursday to boost the slowing growth in clean automobile...

Hyundai Motor to manufacture BAIC’s Arcfox EVs in China

BEIJING -- Hyundai Motor Co. is set to manufacture electric vehicles of Arcfox, a Chinese EV brand owned by BAIC Motor Corp., as the leading South K...

Shilla Duty Free ready to boost sales at Changi Airport

HDC Shilla Duty Free Ltd., the operator of The Shilla Duty Free Shop, said on Tuesday it has extended the contract to run cosmetics and perfume stor...