LIG Nex1 to buy quadruped robot maker Ghost Robotics for $240 mn

LIG Nex1 Co., a South Korean weapons system developer, has agreed to buy a 60% stake in Ghost Robotics Corp (GRC), a Philadelphia-based robot develo...

Hanwha clinches $2.4 bn Australian armored vehicle deal

Hanwha Aerospace Co. has won a $2.4 billion armored vehicle supply deal to Australia, adding to expectations that the South Korean defense industry ...

LG, Poland’s ICPT in mega-million-dollar battery module supply deal

South Korea’s LG Energy Solution Ltd. said on Friday it has signed a multiyear deal to supply battery modules to Poland’s Impact Clean P...

KOWEPO inks $302 mn financing deal for Oman solar project

Korea Western Power Co. (KOWEPO) said on Thursday it signed a 400 billion won ($301.8 million) financing deal for a solar power generation project i...

POSCO International wins green car parts orders from US, Europe

POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., is accelerating i...

KHNP to promote i-SMR in Indonesia, Jordan

Korea Hydro and Nuclear Power Co. (KHNP) is promoting the introduction of innovative small modular reactors (i-SMR) in Indonesia and Jordan.KHNP ann...

S.Korea, Japan seal 3-year $10 bn currency swap deal

South Korea and Japan on Friday revived their bilateral currency swap line to boost their dollar liquidity amid improved diplomatic relations.The tw...

IMM PE's value creation leads to $840 mn deal with BlackRock

When BlackRock bought a 30% stake in South Korean gas supplier AirFirst Co. for 1.1 trillion won ($842 million) from Seoul-based IMM Private Equit...

KAI inks deal with SpaceX to launch mid-sized satellites in 2025

Korea Aerospace Industries Ltd. (KAI) announced on Friday that it has signed a deal with the US space firm SpaceX to launch South Korea's next-gener...

Daewoong Pharm set to export Envlo Tab to Russia, CIS

Daewoong Pharmaceutical, a leading South Korean pharmaceutical company will export its new diabetes drug Envlo Tab. (active ingredient:enavogliflozi...

Iljin Electric bags $333 mn high-voltage transformer deal in US

Iljin Electric Co. has won its largest-ever 431.8 billion won ($333.2 billion) order to supply high-voltage transformers to a US energy company, the...

Korean shipbuilders seek overseas yards for surging orders

South Korean shipbuilders are seeking overseas production bases through mergers and acquisitions to meet soaring demand across the world as they hav...

Hyundai Motor signs Korea’s largest PPA deal to go carbon neutral

South Korea’s top automaker Hyundai Motor Co. said on Thursday it has signed a power purchase agreement (PPA) with Hyundai Engineering & C...

S.Korea-UK upgrade bilateral ties, sign deals on nuclear plants, chips

LONDON – South Korea and the UK have agreed to upgrade their bilateral relationship and closely cooperate in the defense, security and busines...

Hyundai Transys supplies transmissions to Volkswagen

Hyundai Transys Inc., an auto parts affiliate of Hyundai Motor Group, has started providing transmissions to Volkswagen AG, industry sources said on...

SK Square pauses talks with Qoo10 over 11Street deal

SK Square Co., an investment arm of South Korea’s No. 2 conglomerate SK Group, has suspended negotiations with Singapore-headquartered e-comme...

Hanwha’s REC Silicon plant restarts as US-China tension eases

REC Silicon ASA, a US-based polysilicon maker, in which Hanwha Solutions Corp. and its affiliate have a 33% stake, has restarted operations after a ...

Alibaba continues eyeing S.Korean e-commerce M&A

Chinese tech giant Alibaba Group is seeking to purchase a major online retail platform in South Korea, one of the world’s largest e-commerce m...

SK, Hyundai Motor's US JV, named Georgia's Deal of Year

South Korea’s battery maker SK On and Hyundai Motor Group's joint battery project in Georgia, the US, was awarded the "Deal of the Year 2023 i...

Samsung’s Harman to buy French audio software firm FLUX::

Harman Professional Solutions, a professional sound system unit under Samsung Electronics Co.'s wholly owned Harman International, has agreed to acq...

Mom's Touch Tokyo pop-up store visitors exceed 30,000

South Korean homegrown burger and chicken brand Mom's Touch & Co. announced on Friday its pop-up store in Shibuya, Tokyo, Japan successfully con...

Polestar 4 EV to be built at Renault’s Korean plant from 2025

Swedish electric vehicle maker Polestar will build its upcoming Polestar 4 SUV coupe at Renault Group’s manufacturing plant in South Korea fro...

POSCO International wins $761 mn EV parts supply deal from US carmaker

POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., has won a 1 trill...

Netmarble sells 6% stake in BTS label HYBE in block deal

South Korea’s leading game developer Netmarble Corp. said on Tuesday it sold a 6% stake in HYBE Co., the music label behind K-pop sensation ...

SK On signs deal to supply NCM battery cells to Sweden’s Polestar 5 EV

SK On Co., the battery-making affiliate of South Korea’s SK Group, has signed a deal to supply nickel-cobalt-manganese (NCM) battery cell modu...

Chong Kun Dang rallies on $1.3 bn deal with Novartis

Chong Kun Dang Pharmaceutical Corp.'s shares zoomed more than 25% on Monday on news that the South Korean medicine developer has signed its biggest-...

Hillhouse to up investment in S.Korea with new hires

Hillhouse Investment Management Ltd., one of the largest private equity firms in Asia, is set to create an investment team dedicated to the South Ko...

Shilla Duty Free partners with Line Pay to attract Asian tourists

South Korea's The Shilla Duty Free announced it partnered with Line Pay Taiwan to attract South Asian tourism on Thursday. Line Pay is the top mobil...

DRAM contract prices rebound after 27 months on rising demand

DRAM contract prices rebounded for the first time in more than two years last month amid the recovery in the consumer electronics market.The price g...

Samsung Engineering secures $349 mn bio plant deal

South Korea's Samsung Engineering secured a deal for the Songdo Bio Raw Material Plant construction project from the global life sciences and labora...