LG Energy, POSCO join forces for EV battery business

LG Energy Solution Ltd. and POSCO Holdings Inc. have joined hands to enhance their competitiveness in the global electric vehicle battery sector and...

US sanctions on Russia may hinder Korean Medit sale

US private equity giants The Carlyle Group and Kohlberg Kravis Roberts & Co. (KKR) may have to give up on their acquisition plans of Medit Corp....

SK Telecom joins race for Korean dental scanner maker

South Korea’s top mobile carrier SK Telecom Co. has joined the race to acquire Medit Corp., the world’s third-largest 3D dental scanner ...

Korea’s Aju to spin off key building material business

South Korea’s Aju Group is set to split its parent company into a construction material firm and an investment corporation to enhance its prof...

Korea ramen packet maker inks $1 bn battery material deal

A South Korean instant noodle packet maker has secured a $1 billion deal to supply battery materials to a joint venture between General Motors Co. a...

Lotte Chem to buy Iljin at $1.9 bn for battery material biz

South Korea’s Lotte Chemical Corp. is set to acquire major domestic battery material maker Iljin Materials Co. at some 2.7 trillion won ($1.9 ...

Hanwha Solutions seeks spinoffs of Galleria, advanced materials divisions

Hanwha Solutions Corp., the energy and petrochemical arm of the Hanwha Group, is revving up for wide-ranging corporate restructuring to strengthen i...

SK's Chey, Zambian president discuss EV battery material deal

South Korea’s SK Group Chairman Chey Tae-won has met with Zambian President Hakainde Hichilema to discuss potential mineral deals in core mate...

Seoul pushes for battery recycling to bypass US bill

South Korea will step up policy efforts to promote battery recycling, which might help the country get around the new US bill aimed at keeping elect...

Iljin Materials unveils elecfoil with ultra-high tensile strength

Iljin Materials Co., a South Korean battery materials maker, has unveiled an ultra-high tensile elecfoil, which can significantly improve the mileag...

South Korea bans L&F from building a battery material plant in US

The South Korean government has banned L&F Co., a battery materials maker, from building a new plant in the US amid a controversy over the Infla...

EV materials maker EcoPro tops the buy list of Korean stocks

Shares in EcoPro BM Co., a cathode material maker used in electric vehicle batteries, topped the list of South Korean stocks, for which an increased...

Sanofi, Korean biotech Lemonex ink material transfer agreement

South Korean biotech Lemonex Inc. has signed a material transfer agreement (MTA) with global pharmaceutical giant Sanofi S.A. to use the Korean bi...

Samsung, LG boost use of recycled materials for electronics

South Korean tech giants Samsung and LG are increasing their amount of electronic products made from recycled materials. The companies will showcase...

Samsung SDI to hasten US battery plant groundbreaking

Samsung SDI Co., the world's sixth-largest battery maker, is set to push forward the start of its plant construction in the US by two months in resp...

Hyundai Elevator logs first quarterly loss since 1996

Hyundai Elevator Co., South Korea’s No. 1 elevator producer, swung to a quarterly operating loss for the first time since it was listed on the...

Carlyle, GS team up to buy Korean dental scanner maker

The Carlyle Group, a US private equity giant, has joined hands with South Korean energy-to-retail conglomerate GS Group to buy Medit Corp., the worl...

Korea Zinc to invest $7.5 billion in green hydrogen, battery materials

Korea Zinc Co., the world’s largest lead and zinc smelter, plans to spend 9.74 trillion won ($7.5 billion) in renewable energy, green hydrogen...

SK Geo Centric to build high value-added material plant in China

South Korea’s major petrochemical company SK Geo Centric Co. is set to build an ethylene acrylic acid (EAA) plant in China with a local partne...

Lotte Chilsung to tie up with startups for vegan drinks

South Korea’s Lotte Chilsung Beverage Co. is set to start the vegan business along with local startups as veganism, or the practice of abstain...

SK subsidary to supply EV battery materials to Vietnam's Vingroup

SK IE Technology Co. (SKIET) secured battery separator orders from Vietnam’s No. 1 conglomerate Vingroup, in the latter's push to expand into ...

South Korea’s top general trading giants embrace rising raw materials costs

Back in the 1970s and 80s, general trading companies were the vanguards of South Korea’s exports. Daewoo International Corp., LG Internat...

Hyundai Oilbank, Lotte Confectionery tie up for biodiesel business

Hyundai Oilbank Co., a South Korean refiner backed by Saudi Aramco, and food maker Lotte Confectionery Co. have forged a strategic partnership to jo...

LG Chem, GM in $30.6 billion EV battery materials supply deal

South Korea’s top chemicals company LG Chem Ltd. has signed a long-term battery materials supply deal with General Motors Co. to support the U...

Kia posts record-high double-digit profit margin in second quarter

Kia Corp., South Korea’s largest automaker, said on Friday it posted its first-ever double-digit operating profit margin in the second quarter...

POSCO Holdings Q2 profit down on higher raw material costs

POSCO Holdings Inc., the holding company of South Korea’s steel giant, reported a lower profit in the second quarter on rising raw material pr...

The North Face supplier Youngone to bet on global outdoor startups

South Korea’s Youngone Holdings Co. is set to accelerate its new business by establishing a corporate venture capital (CVC) firm in Singapor...

Korean manufacturers’ dependence on China intensifies

South Korean manufacturers are importing even more key industrial raw materials from China, deepening concerns over the dependence of Asia’s f...

POSCO sees battery materials sales double by 2030

South Korea’s POSCO Holdings Inc. expects sales of its rechargeable battery materials to more than double to 41 trillion won ($31 billion) by ...

Unison Capital puts Korea dental scanner maker up for sale

Unison Capital Inc., a middle-market focused private equity firm, put the world’s third-largest 3D dental scanner maker on the market. The dea...