Recycled plastic in growing demand as Korean firms pursue ESG business

Plastic recyclers have known for years that there is money to be made in plastic waste. And the stakes are high these days as the prices of recycled...

LG Elec to start automotive cybersecurity business

South Korea’s LG Electronics Inc. is about to start automotive security business, expanding its car electronics technology portfolio by taking...

Brookfield to name Hahn & Co exec as Korean office head

Brookfield Asset Management Inc. will name Jun Park, a top manager of Seoul-based private equity firm Hahn & Co., as the new head of its South K...

Hyundai Heavy IPO creates largest shipbuilder on Kospi

Hyundai Heavy Industries Co. successfully went public on Sept. 17 by closing at almost double its IPO price. The stock price closed at 111,500 won (...

Samsung C&T, S-Oil in hydrogen transport partnership

Samsung C&T Corp., the construction and trading arm of Samsung Group, has tentatively agreed with S-Oil Corp. to cooperate in securing overseas ...

SIA analyzes satellite data for companies, government and ESG

There are about 2,000 satellites in space, orbiting the earth and generating countless images without being confined to geographical boundaries. And...

Automotive security in spotlight on growing EV market

The automotive security technology for automotive electronics is in the spotlight as the global electric vehicle market is growing. The information ...

Affinity, GIC speed up exit efforts on Kyobo Life

Singapore's GIC, Affinity Equity Partners, Baring Private Equity and IMM Private Equity have taken the next step toward their long-delayed exit from...

Korea postpones forex bond sale to October

South Korea’s government delayed a sale of foreign exchange stabilization fund bonds to next month, disrupting local companies’ plans to...

KT, Daishin PE acquire 100% stake in global data firm Epsilon

South Korea’s major telecom company KT Corp. is expanding investments in future growth areas outside the traditional mobile sector. KT said on...

Korea’s Genome & Company aims US CMO market

South Korea’s microbiome medicine developer Genome & Company geared up for entering the U.S. market to boost profits and make inroads into...

POSCO, GS join hands to expand battery, hydrogen business

POSCO and GS Group have teamed up to expand their battery recycling and hydrogen businesses. The move came as South Korea’s top steelmaker POS...

Hyundai Glovis inks gas shipping deal with Trafigura

South Korea’s Hyundai Glovis Co. has inked a deal with global commodities trader Trafigura to transport gas and ammonia as part of its longer-...

LG Chem to set up next-generation bio-oil plant in Korea

South Korea’s LG Chem Ltd. plans to build a next-generation bio-oil plant in the country with a local biodiesel company as the petrochemical m...

Iljin Hysolus shares hit ceiling on first day of trading

South Korea’s only mass-producer of hydrogen tube trailers, Iljin Hysolus Co. made a strong debut on Kospi by reaching the price ceiling on it...

SK E&S eyes $30 billion corporate value as top hydrogen company

SK E&S Co., the natural gas business unit of SK Group, aims to turn into an eco-friendly company with an enterprise value of 35 trillion won ($3...

NPIXEL emerges as fastest Korean game company to become unicorn

South Korea-based game developer NPIXEL Co. has become the country’s fastest game company to join the unicorn club after raising 100 billion w...

Samsung SDI tops LG Chem in market cap amid GM recall crisis

Samsung SDI Co. has become South Korea’s top battery maker in terms of market capitalization. The company is now ranked as the sixth-largest f...

Parts maker Mando raises profile as investor in future mobility startups

Halla Group’s auto components unit Mando Corp. is rapidly expanding its profile as a startup investor in the future mobility sector.Mando was ...

Korean firms scramble for bond sales on further rate hike views

South Korean companies rushed to issues bonds as the Bank of Korea is expected to raise interest rates further, ramping up financing costs. Some war...

Hyundai Oilbank to make hydrogen fuel cell components from 2023

Hyundai Oilbank Co. will enter the hydrogen fuel cell components market by building separator production plants within this year with commercializat...

Volatile raw material prices put Korea on alert for procurement

Volatile price changes in iron ore and non-ferrous metals such as lithium and nickel are keeping South Korean companies on their toes for procuremen...

Netmarble’s new Marvel game tops App Store downloads in 117 countries

South Korean game developer Netmarble Corp.’s Marvel Future Revolution, a new Marvel IP-based open-world action RPG, has topped the list of Ap...

KT makes partial exit from travel platform Yanolja

South Korea’s telecom giant KT Corp. has made a partial exit from the country’s largest travel platform Yanolja, which is eyeing a US IP...

Korean conglomerates' ESG investment nears $100 bn

South Korea's top 10 conglomerates are rushing to foster eco-friendly businesses models with their investments into environment, social and governan...

Samsung Bioepis gets nod for sale of ophthalmology biosimilar in Europe

South Korea’s biopharmaceutical company Samsung Bioepis Co. won approval from European authorities for sale of Byooviz, its ophthalmology bios...

SK Group’s holding firm to absorb SK Materials in corporate restructuring

SK Inc., the investment and holding company of SK Group, will absorb SK Materials Co., the group’s industrial gas manufacturing affiliate, in ...

Battery recycling: Carmakers, battery companies in new turf war

With electric vehicles increasingly going mainstream, the world’s major carmakers and battery companies face another type of turf war: battery...

IMM puts Hyundai LNG Shipping on sale

IMM put Hyundai LNG Shipping, South Korea’s top liquefied natural gas (LNG) tanker operator, on sale in a predicted $1.7 billion deal.IMM Priv...

Samsung Electro-Mechanics aims to take lead in MLCC market

South Korea-based electronic components maker Samsung Electro-Mechanics Co. is looking to take lead in the multi-layer ceramic capacitors (MLCC) mar...