Aekyung Chemical develops 1st domestically made refrigeration lubricant
Korea's Aekyung Chemical, an affiliate of Aekyung Group, along with GS Caltex, has made the nation's first localized refrigeration lubricant in line...
Samsung fast-forwards digital transformation of its chip business
South Korea's Samsung Electronics Co., the world’s largest memory chipmaker, is accelerating its digital shift to better respond to the changi...
Korean Air soars with best quarterly results in its history
Korean Air is flying high after breaking its quarterly record for the second time this year thanks to growing profits from passenger flights as well...
Public-private battery alliance launched to source critical minerals
The South Korean government, in tandem with the private sector, launched a battery alliance on Tuesday in a bid to support the companies in sourcing...
Korea to face more headwinds after Q3 growth hits 1-yr low
The South Korean economy grew at its slowest pace of the year in the third quarter on weak net exports, adding to concerns over a further slowdown i...
Samsung reiterates no memory chip output cut despite weak Q3 results
Samsung Electronics Co., the world’s largest memory chip and smartphone maker, said on Thursday it will not reduce its production despite dwin...
Samsung, Qualcomm unveil industry’s fastest LPDDR5X DRAM chip
South Korean tech giant Samsung Electronics Co. said on Tuesday it has successfully proved the performance of its latest LPDDR5X DRAM on Qualcomm Te...
SK Siltron, UK's IQE to produce high-efficiency wafers for Asian market
South Korean silicon wafer maker SK Siltron Co. has teamed up with UK-based wafer products supplier IQE plc to produce gallium nitride (GaN) epitaxi...
POSCO Holdings to invest extra $1.1 billion in Argentine lithium plant
POSCO Group, which owns South Korea’s largest steelmaker, plans to invest an additional $1.09 billion, or 5 trillion won, in its lithium produ...
EVs, hybrids in growing demand in used car market
Eco-friendly cars such as electric vehicles and hybrids have increased their share in South Korea's used car market, together accounting for 36% of ...
Kolon Ind expands tire cord fabric plant in Vietnam
Kolon Industries Inc. has expanded the capacity of its polyester tire cord fabric plant in Vietnam, the South Korean company said on Wednesday.The f...
Korea's DL Chem shrugs off slow petrochemical market in Q3
DL Chemical Co., the petrochemical arm of South Korean conglomerate DL Group, is forecast to post robust third-quarter results despite sluggish sa...
Korea battery, chip companies fail to reboot IPO market
South Korea’s battery and semiconductor companies, stock investors’ favorites, failed to revive the local initial public offering market...
Price of napa cabbage, key kimchi ingredient, keeps soaring
The price of napa cabbage continues to soar in South Korea. Hit by heavy rainfall during its harvest season, Gangwon Province suffered from a l...
Cash-rich Nongshim pursues first-ever sizeable acquisition
Nongshim Co., South Korea’s No. 1 instant noodle brand, is looking to buy a domestic food supplement maker for up to $50 million, which would ...
Hankook Tire to spend $1.6 bn on US plant expansion
Hankook Tire & Technology Co., South Korea’s top tire maker, will invest $1.6 billion to more than double its output in the US, the world&...
Korean teens prefer TikTok over KakaoTalk, says survey
South Korean teens appear to prefer to do their social networking on TikTok over KakaoTalk, as short-form videos surge in popularity worldwide. ...
Demand for Samsung foldables keeps smartphone parts makers busy
Smartphone parts suppliers to Samsung Electronics Co. are running their plants at full capacity as the South Korean tech giant’s latest fold...
Samsung Electronics retains top TV vendor status in shrinking market
South Korea’s two home appliances giants – Samsung Electronics Co. and LG Electronics Inc. – dominated the global TV market in the...
Korea Inc. cuts factory runs, capex on record inventory
Samsung Electronics Co. and other major South Korean companies have reduced their plant operations and capital expenditures as weakening demand amid...
LG, KT join forces to launch next-generation service robots
South Korea’s leading telecommunications company KT Corp. has partnered with LG Electronics Inc. to develop and launch next-generation custome...
Taekwang’s first loss in a decade dampens outlook
Taekwang Industrial Co., a South Korean petrochemical and textile company, reported its first quarterly loss in 10 years amid weakness in its key bu...
Korea's NPS upped alternative investment by 33% in 2021
The National Pension Service (NPS) of South Korea committed 204.4 trillion won ($156.7 billion) to alternative investment as of end-2021, up 32.7% f...
Korea game sector hopes for better profits with new titles
South Korea’s game developers aimed to improve earnings with the release of new titles in the second half after reporting disappointing quarte...
Conglomerates lead loan growth to record high in July
South Korea's large business groups led a sharp increase in bank lending in July, driving the corporate bank loan growth to a record high, central b...
S.Korean refiners foresee dismal H2 on falling margins
Refiners in South Korea are expected to report weak earnings in the third quarter after record profits in the previous three months as margins decli...
Samsung Elec. plans unmanned factories on manpower shortage
Samsung Electronics Co., the world’s top memory chipmaker, is seeking unmanned factories in a move that other major South Korean manufacturers...
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...
LG Display to close LCD TV panel business for domestic use in Korea
LG Display Co., South Korea’s major display maker, is set to pull out of the liquid crystal display (LCD) TV panel business for domestic use. ...
LG Energy shrugs off slowing economy as demand grows
South Korea’s top battery maker LG Energy Solution Ltd. on Wednesday unveiled its ambitious goals for revenue and operating margins as electri...
