POSCO to build $200 mn nickel refining plant to ramp up battery materials
POSCO, the world’s fifth-largest steelmaker by output, said on Wednesday it is spending 230 billion won ($200 million) to build a nickel sulfa...
SK Hynix sees robust chip demand for rest of year after strong Q2 sales
SK Hynix Inc., the world’s second-largest memory chipmaker, on Tuesday posted its highest quarterly profit and sales in nearly three years on ...
PEFs claim one-third of S.Korea's M&A deals in H1
Private equity firms (PEFs) have participated in one in every three buyout deals involving South Korean companies in the first six months of the yea...
CJ ENM to build virtual studio with Samsung’s new commercial displays
South Korean media company CJ ENM Co. is using Samsung Electronics Co.’s new commercial displays for a virtual production studio to spearhead ...
KOGAS attempts to expand LNG bunkering as global demand grows
Korea Gas Corp. (KOGAS) aims to expand liquefied natural gas (LNG) bunkering business as global demand for cleaner fuels for ships is growing.LNG bu...
KakaoBank, Krafton, other heavyweights set to sizzle in hot IPO season
South Korea’s initial public offering market is sizzling with KakaoBank Corp. and other big names set to go public in coming weeks amid expect...
Hyundai Honorary Chairman Chung inducted into Automotive Hall of Fame
Hyundai Motor Group Honorary Chairman Chung Mong-koo was inducted into the Automotive Hall of Fame (AHF) on Thursday, acknowledging his work in deve...
Sandbox Network sets up China affiliate for business expansion
South Korea’s largest multichannel network (MCN) company Sandbox Network Inc. has made another major step forward in expanding its China busin...
Hyundai Mobis targets in-vehicle healthcare with brainwave technology
South Korea’s top auto parts maker Hyundai Mobis has developed a new brainwave detection technology that monitors a driver's physical and psyc...
Shinsegae-Naver alliance to sell local-themed meal kits as first collaboration
Shinsegae Group and Naver Corp. have jointly devised their first retail business model in about four months after their long-term business agreement...
Samsung launches upgraded commercial MicroLED display The Wall
Samsung Electronics Co., the world’s largest TV maker, is launching an upgraded model of The Wall, a large-size modular MicroLED display produ...
COVID-19 test kit supplier makes modest market debut
SD Biosensor Inc., the world's largest COVID-19 test kit seller, made a modest debut on the Korea Exchange on Friday, defying market expectations th...
Investors give warm welcome to Korean firms' capex hike for future growth
Capital raising through new share sales and debt to expand facilities wasn’t good news for investors as the move often led to a fall in share ...
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 ...
Samsung courts image sensor leader Sony with new automotive products
Samsung Electronics Co., the world’s second-largest image sensor maker, is courting industry leader Sony Corp. with its new line of automotive...
Korea Investment raises $600 mn in first foreign currency bond issue
Korea Investment & Securities Co. raised $600 million in its first foreign currency bonds at lower-than-planned interest rates on strong demand....
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...
SK Hynix outplays Kioxia as world’s No.2 smartphone NAND flash maker
South Korea’s SK Hynix Inc. has clinched a surprise second spot in the world’s NAND flash market for smartphones. According to the marke...
World’s top COVID-19 test kit maker draws $28 bn in IPO subscriptions
The IPO of SD Biosensor Inc., which has sold the most COVID-19 test kits in the world -- selling more than 700 million kits from February 2020 to Ma...
Korea’s household investment in stock assets up by 62.8% vs. Q1 2020
South Korean households over the last 12 months have vastly increased investments in both domestic and overseas stock markets, with the total invest...
Hyundai launches first Genesis EV sedan G80 in Korea
Hyundai Motor Co. said on Wednesday it has debuted a new electric sedan sold under the independent premium brand of Genesis in the Korean market as ...
Govt pension fund makes first foray into overseas infrastructure
South Korea's Government Employees Pension Service (GEPS) has awarded a combined $105 million mandates to Goldman Sachs, Macquarie and Paris-based A...
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...
Hyundai Motor to adopt digital twin in latest move of virtual technology use
Hyundai Motor Group plans to adopt digital twin technology, which allows the automaker to make a digital replica of a real car for simulation not ...
LG CNS to launch Korea’s first drive-through micro-fulfillment center
Micro-fulfillment is on everyone’s lips these days, or so it seems, as retailers compete to drastically slash delivery times for online orders...
Hyundai Motor, Kia report record-high H1 sales in US
Hyundai Motor Group’s auto units posted all-time high sales in the first half of 2021 in the US market. According to the industry on July 2, H...
Eyegene to kick off Korea’s first mRNA clinical trial
Eyegene Inc. will be South Korea’s first vaccine maker to conduct clinical tests of messenger ribonucleic acid (mRNA) COVID-19 vaccines. Ealie...
Korea’s art sales set for triple-digit growth in 2021
South Korea’s art market is projected to double or even triple in size this year, thanks to the widening of the customer base across all gener...
Korea’s M&A market heats up with record deals in first half
South Korea’s merger and acquisition market is heating up as both big conglomerates and promising startups seek to buy out businesses with gro...
Netflix loses first court case over network usage fee
Global streaming giant Netflix Inc. lost a South Korean court case on Friday, in the world's first ruling over a dispute about whether over-the-top ...
