Hahn & Co. puts SK Shipping’s tanker business up for sale

South Korean private equity firm Hahn & Co. is seeking to sell SK Shipping Co.’s tanker division, a business widely seen as the breadwinne...

LG Chem mulls shuttering in-vitro diagnostics business

LG Chem Ltd. is considering an exit from the in-vitro diagnostics market to focus more on novel drug development as it lagged its smaller local riva...

System on chips: Samsung’s new high-stakes foundry business

Samsung Electronics Co. is setting its sights on system on chips (SoCs) to continue to drive growth in its foundry business amid a protracted slowdo...

Korea's Innocean wins eight awards at Spikes Asia advertising festival

South Korea-based global marketing communications company Innocean said on Thursday that it received eight awards at the 2023 Spikes Asia, a prestig...

Korea’s Shinsegae to bolster convenience store business

South Korea’s retail giant Shinsegae Group is set to boost its business in the rapidly growing convenience store sector as its supermarket cha...

Hanwha hires former Biden confidant as US government affairs chief

WASHINGTON D.C. – South Korea’s chemicals-to-defense conglomerate Hanwha Group has hired Danny O’Brien, a top aide to US President...

Hanwha Q Cells jumps into distributed energy biz with forecast service

Hanwha Q Cells, the Q Cells division of Hanwha Solutions Corp., said on Wednesday that it had started a renewable energy generation forecast service...

S.Korea's DB HiTek to split off fabless, bulk up foundry business

DB HiTek Co., a leading chipmaker in South Korea, said on March 7 it is set to split off its fabless unit by May 2 to ramp up its foundry business.D...

GS Caltex, KOEN to establish clean hydrogen hub in Korea

GS Caltex Corp., a South Korean oil refiner jointly owned by Chevron and GS Group, announced a partnership with Korea South-East Power Co., Ltd. (KO...

KEXIM bank inks $6 billion financing deal with Aramco

The Export-Import Bank of Korea said on Tuesday it has signed a three-year framework agreement with Saudi Arabian Oil Co.(Aramco), to provide up to ...

Hankook & Co. buys autonomous driving tech startup 3Secondz

Hankook & Company Co., a South Korean holding company that owns tire and mobility businesses, said on Tuesday that it has acquired the autonomou...

Korea’s SPC Samlip, Siam Makro to tie up for Thai bakery business

SPC Samlip Corp., a unit of South Korea’s food and bakery giant SPC Group, said on Monday it has forged a business partnership with Siam Makro...

LG Electronics picks private 5G network as next growth engine

LG Electronics Inc. is seeking to make inroads into the private 5G network market, set to grow rapidly amid accelerated migration to automation in a...

Lotte Chairman to return to beverage unit's boardroom

Lotte Group Chairman Shin Dong-bin is slated to return as an inside director of Lotte Chilsung Beverage Co., the group’s subsidiary and one of...

Samsung SDI, GM to build $3.8 bn EV battery plant in US

Samsung SDI Co., the world’s No. 6 electric vehicle battery maker, is set to build a plant in the US with General Motors Co., spending about 5...

Cha Biotech sells eye-cell technology to Japan's Astellas for $32 mn

Cha Biotech, a South Korean biotechnology company, said on Thursday that it agreed to sell its technology for developing eye-cell therapies to Astel...

Plant, machinery maker Doosan seeks future from chips, robots

BARCELONA -- South Korea’s plant and machinery powerhouse Doosan Group is seeking its future growth engines from the semiconductor and robot s...

SK Materials makes equity investment in ION for CO2 capture partnership

SK Materials Co., an industrial gas manufacturing affiliate of South Korea’s SK Inc., has made an equity investment in ION Clean Energy Inc., ...

China's CDFG targets duty free operation at Incheon Airport

China Duty Free Group Co. (CDFG), the only state-owned duty free business manager in China, has joined a bid alongside four South Korean retail gian...

SK Ecoplant's Singaporean affiliate, Thailand's No. 2 conglomerate to develop green power

Singapore's TES, an electronic waste management specialist and subsidiary of South Korea's SK Ecoplant Co., will jointly pursue the development of e...

POSCO Int'l, Daesang sign MOU to cooperate in food business

POSCO International, South Korea's largest general trading company, announced on Friday that teams up with Daesang Corp. in the food business area.P...

LowCarbon, Space Florida sign agreement to build hydrogen hub

LowCarbon, South Korea's climate tech company, has signed an agreement on Thursday with Space Florida and Ocean Green Hydrogen, a Tampa-based climat...

HYBE cries foul over SM, Kakao’s undisclosed deal

HYBE Co., the label behind the global sensation BTS, is considering legal action to invalidate an undisclosed deal between SM Entertainment Co. and ...

KT CEO Ku Hyeon-mo drops reelection bid as controversy flares

KT Corp. Chief Executive Ku Hyeon-mo has abandoned his ambitious bid to lead South Korea’s largest telecommunications company for another thre...

LG Electronics plans sales blitz on US market for induction ranges

LG Electronics Inc. this year has launched an all-out sales offensive for induction ranges and cooktops in the US, the world's leading market for pr...

Samsung’s old textile mill transformed into idea accelerating lab

Samsung Electronics Co. has opened its first regional C-Lab Outside campus in Daegu – where its founder Lee Byung-chull started his first busi...

Doosan Enerbility promotes technology at world's largest energy exhibition

Major South Korean power plant builder Doosan Enerbility Co. announced on Wednesday that it has started promoting its nuclear power and gas turbine ...

S.Korea's ETRI creates software for faster 5G using small cells

The Electronics and Telecommunications Research Institute (ETRI), a non-profit government-funded research institute in South Korea, said on Tuesday ...

KTS secures contract for LS Cable's undersea cable construction project

KT Submarine Co. (KTS), a South Korean undersea cable construction company, said on Tuesday that it signed a contract with LS Cable & System Ltd...

Patty-cooking robotics startup Aniai completes seed funding

Aniai Inc., a foodservice robotics developer founded by a South Korean, said on Feb. 21 it has attracted $3 million via a seed funding round to boos...