SK Materials to form a JV with US battery startup Group14 Technologies

SK Materials Co., SK Group’s industrial gas manufacturing arm, will set up a joint venture (JV) with a US battery materials startup Group14 ...

LG Elec to shift to 100% renewable energy by 2050

LG Electronics Inc. on Sunday unveiled a plan to make a complete transition into renewable energy for its operations both at home and abroad by 2050...

LG Chem to form separator JV with Japan’s Toray

LG Chem Ltd., South Korea’s top chemical maker, and Japan’s Toray Industries Inc. will set up a joint venture (JV) for separators, cor...

BlackRock Real Assets makes first Korean offshore wind investment

BlackRock Real Assets, a unit of the world’s largest asset manager BlackRock Inc., has acquired a 100% equity stake in Korea Renewable Energy ...

The power of rubbish: Korean firms make big money from garbage

There is money to be made in garbage. Such is the growing consensus among investors as well as waste treatment companies amid tighter environmental ...

Qraft's AI-powered ETFs wow Wall Street with winning stock picks

South Korea-based fintech startup Qraft Technologies Inc. captured the attention of Wall Street in May 2019, when it listed two artificial intellige...

Korea's first-generation retail platform Interpark up for sale

South Korea-based Interpark Corp., one of the country’s first-generation online retail platforms, is up for sale. According to the invest...

LG Chem challenges top latex player Kumho with aggressive expansion

South Korea’s top chemical maker LG Chem Ltd. has vowed to leapfrog crosstown rival Kumho Petrochemical Co. to become the world’s top la...

Debt-ridden Ssangyong to sell car plant in self-rescue drive

Ssangyong Motor Co., the debt-ridden South Korean unit of India’s Mahindra and Mahindra Ltd. now in court receivership, has decided to sell it...

POSCO Chemical to bolster EV presence with 60,000-ton cathode plant

POSCO Chemical Co. will invest 600 billion won ($523 million) from 2022 to build a cathode materials plant in Pohang city with an annual capacity of...

STIC to cash in on Aug IPOs following HYBE block sale

South Korea's private equity firm STIC Investments Inc. is tipped to be one of the main beneficiaries of upcoming initial public offerings in the co...

Naver says it's constructing world’s first robot-friendly building

The world’s first “robot-friendly” building will complete construction in the second half of this year by South Korea’s tech...

Atlas Labs makes it easy to transcribe phone calls via AI technology

South Korean startup Atlas Labs is making it easier for people to keep track of their phone conversations via Switch, an app that uses artificial in...

NH Financial to buy $20 mn stake in Japan's solar farm

South Korea's NongHyup Financial Group, or NH Financial Group, has acquired a stake in a solar power plant in Japan from Korea Electric Power Corp. ...

DB HiTek in quandary over foundry ramp-up amid chip supercycle

DB HiTek Co., one of South Korea’s leading foundry chipmakers, is enjoying the current market boom, which is forcing makers of cars and electr...

Hyosung, Linde kick off building world’s largest liquid hydrogen plant

Hyosung Group has once again made a key step forward in achieving its long-term ambition to become South Korea’s corporate leader in the hydro...

Kolon expands hydrocarbon resins production, becomes global No.2 maker

South Korea’s chemicals and industrial materials maker Kolon Industries Inc. have added another 15,000 tons of annual capacity in its hydrocar...

Korea’s coal power companies squeezed for financing amid ESG fever

South Korea’s coal power companies are facing tighter scrutiny for debt financing as they are increasingly shunned by financial investors amid...

Samsung’s new 5G multi-chip combines DRAM, NAND into one package

Samsung Electronics Co. has unveiled a new multi-chip that integrates high-performance DRAM and NAND flash memory chips into a single compact packag...

Naver-invested startups' combined valuation increases sixfold; tops $1 bn

 The combined valuation of some 70 tech startups that received funding from the platform giant Naver Corp. has reached around 1.3 trillion won ...

Korea’s corporate HQ buildings are becoming clean power generators

ESG is one of the most frequently mentioned keywords in South Korea today. It stands for environmental, social and corporate governance, the three...

LG Electronics expands overseas appliance plants as it exits phone business

LG Electronics Inc. is expanding its overseas production facilities as the South Korean home appliance giant is shifting gears toward new growth dri...

Samsung loses ground in foundry market as TSMC ties in with Japanese firms

Samsung Electronics Co., which is losing share of the global foundry market, has come under increased pressure from its bigger rival Taiwan Semicond...

Copper foil maker raises $700 mn funding to build Europe plant

South Korea's Iljin Materials Co., which produces copper foils for rechargeable batteries and printed circuit boards (PCBs), has received 800 billio...

GM, LG to build second US EV battery plant in Tennessee

LG Energy Solution Ltd. and General Motors Co. will spend 2.7 trillion won ($2.4 billion) to build their second US electric vehicle battery plant in...

GM Korea to halt 2 main plants next week on automotive chip shortage

The South Korean unit of US auto giant General Motors Co. will halt two of its three plants next week in the latest sign of the worsening global aut...

POSCO to build S.Korea’s first lithium plant by 2023

South Korea’s leading steelmaker POSCO will build the country’s first lithium extraction factory in Gwangyang, 300 km south of Seoul, al...

LG Chem expands carbon nanotube production with new plant

South Korea's LG Chem Ltd. has completed an extension of its production line for carbon nanotubes (CNTs), known as a wonder material for its strengt...

Dongkuk Steel’s Brazil plant: From ugly duckling to golden swan

For Dongkuk Steel Mill Co., South Korea’s third-largest steelmaker, Companhia Siderurgica do Pecem steel mill in Brazil, commonly known as CSP...

Hyundai likely to briefly halt 2nd plant; Grandeur sedan affected

Hyundai Motor Co. will likely suspend a second plant due to a component supply disruption as a global shortage of automotive chips is putting the to...