Hanwha Aerospace ventures into eco-friendly ship market

Hanwha Aerospace ventures into eco-friendly ship market

South Korea's Hanwha Aerospace Co. announced on Thursday that it has completed the development of a megawatt-hour (MWh) energy storage system (ESS)....

S.Korea to fully open gov't R&D projects to foreign researchers

S.Korea to fully open gov't R&D projects to foreign researchers

South Korea's Ministry of Trade, Industry and Energy on Wednesday said it will allocate 5 trillion won ($3.8 billion) of its R&D budget for exce...

S.Korean academics to verify truth of room-temperature superconductor

S.Korean academics to verify truth of room-temperature superconductor

The Korean Society of Superconductivity and Cryogenics has recently established a verification committee composed of experts in response to the ongo...

Kia America’s new normal: Record car sales month after month

Kia America’s new normal: Record car sales month after month

Kia Corp., South Korea’s second-largest automaker, has been dismissed as the weaker sibling or smaller sister firm of Hyundai Motor Co., the c...

HD Hyundai to expand LNG tanker conversion biz with orders

HD Hyundai to expand LNG tanker conversion biz with orders

HD Hyundai Global Service, the ship retrofit subsidiary of the world’s second-largest shipbuilder HD Hyundai Co., is poised to bag orders to c...

KT Submarine to rename itself LS Marine Solution

KT Submarine to rename itself LS Marine Solution

South Korea’s undersea cable company KT Submarine Co. will change its name to LS Marine Solution following its integration into the LS Group. ...

Samsung’s Bespoke Jet AI sweeps global acclaim

Samsung’s Bespoke Jet AI sweeps global acclaim

Bespoke Jet AI, the cordless stick vacuum cleaner of Samsung Electronics Co., continues to receive international recognition for its superior techno...

LG Energy Solution converts 56% of electricity into renewable energy

LG Energy Solution converts 56% of electricity into renewable energy

South Korea’s lithium-ion battery maker LG Energy Solution Ltd. on Monday released a report containing the company’s environmental, soci...

Naver Pay to enter Chinese payment market in 2023

Naver Pay to enter Chinese payment market in 2023

South Korea's Naver Financial announced plans on Tuesday to bring its simple payment service, Naver Pay, to the Chinese market by the end of this ye...

CJ CheilJedang divests Chinese subsidiary Jixiangju for $235 mn

CJ CheilJedang divests Chinese subsidiary Jixiangju for $235 mn

South Korean food giant CJ CheilJedang Corp. announced on Monday that it has completely sold its ownership stake in its Chinese food subsidiary, Jix...

S.Korea's HD Hyundai chairman: We can’t rely on bad profits

S.Korea's HD Hyundai chairman: We can’t rely on bad profits

Kwon Oh-gap, chairman and co-CEO of South Korea's HD Hyundai Co., has ordered his company not to rely on “bad profits” gained from tempo...

Doosan to enter EV sector with battery recycling business

Doosan to enter EV sector with battery recycling business

South Korea’s major power plant builder Doosan Enerbility Co. plans to set up a battery recycling subsidiary, targeting the sector expecting r...

LG Energy lifts sales guidance; Samsung SDI sees firm growth

LG Energy lifts sales guidance; Samsung SDI sees firm growth

South Korean electric vehicle battery maker are offered upbeat market outlooks, gaining structural growth momentum through strong competitiveness wi...

Hyundai partners with 5 universities for carbon neutrality center

Hyundai partners with 5 universities for carbon neutrality center

In a bid to accelerate the development of carbon-neutral technologies, Hyundai Motor Group has joined forces with prominent domestic universities.Th...

SK E&S, Plug Power to strengthen hydrogen partnership

SK E&S, Plug Power to strengthen hydrogen partnership

South Korea's SK E&S Co. and Plug Power, a global hydrogen solutions provider, have reinforced their commitment to accelerating the developmen...

GS E&C faces heavy loss in Q2 due to apartment reconstruction plan

GS E&C faces heavy loss in Q2 due to apartment reconstruction plan

GS Engineering & Construction Co., South Korea’s major construction firm, posted a quarterly operating loss in the April-June period for t...

Hyundai Steel extends profit streak in Q2 on brisk auto steel sales

Hyundai Steel extends profit streak in Q2 on brisk auto steel sales

Hyundai Steel Co., South Korea’s second-largest steelmaker, plans to ramp up automotive and eco-friendly steel production after posting an ope...

SK E&S seeks Australia's support for Barossa LNG, CCS projects

SK E&S seeks Australia's support for Barossa LNG, CCS projects

SK E&S Co. has asked Australia to support its liquefied natural gas fields in the country and a carbon capture and storage (CCS) project in neig...

ISTE to develop eco-friendly hydrogen with British company

ISTE to develop eco-friendly hydrogen with British company

An innovative South Korean small business has secured technology to simultaneously produce eco-friendly hydrogen and cathode materials for secondary...

LG Energy Solution expands cobalt supply deal with Canada’s Electra

LG Energy Solution expands cobalt supply deal with Canada’s Electra

LG Energy Solution Ltd. has signed a long-term contract to receive additional refined cobalt from Electra Battery Materials Corp. in Canada, in a mo...

GS Entec signs deal with global offshore wind power developer

GS Entec signs deal with global offshore wind power developer

GS Entec, an energy equipment manufacturer under South Korea’s GS Global Corp., on Monday said it signed a memorandum of understanding with th...

POSCO affiliates’ shares surge; market cap rises threefold in 5 years

POSCO affiliates’ shares surge; market cap rises threefold in 5 years

Shares of POSCO Group affiliates are flying high with the steelmaker rapidly transforming into a battery materials manufacturer, riding the industry...

SK E&S opens representative office in Vietnam

SK E&S opens representative office in Vietnam

South Korea's renewable energy company SK E&S is speeding up the expansion of its global eco-friendly power generation business by opening a rep...

SK Broadband names SK Shieldus' ex-CEO Park its new chief

SK Broadband names SK Shieldus' ex-CEO Park its new chief

South Korea’s internet service provider SK Broadband Co. said on Friday it has tapped Park Jin-hyo, former chief executive at security affilia...

SK Networks to acquire data management company en-core

SK Networks to acquire data management company en-core

SK Networks Co., a South Korean trading company, will acquire en-core, a data solutions and consulting firm. The strategy is aimed at strengthening ...

SK Energy acquires logistics platform Goodsflow

SK Energy acquires logistics platform Goodsflow

South Korea's SK Energy will buy all shares of Goodsflow, a Seoul-based provider of logistics platform services, to enter the urban logistics center...

SM Group to buy HMM but not for over $3.5 bn: SM Chair Woo

SM Group to buy HMM but not for over $3.5 bn: SM Chair Woo

SM Group has enough financial ammunition to buy the country’s No. 1 container shipping line HMM Co. but would not join the bid for the latter&...

LG unveils upgraded hyperscale AI for future businesses

LG unveils upgraded hyperscale AI for future businesses

LG Group, South Korea’s fourth-biggest conglomerate, on Wednesday introduced an upgraded hyperscale AI to be used for its future growth engine...

Hanwha Q Cells pursues next-gen energy solutions other than solar

Hanwha Q Cells pursues next-gen energy solutions other than solar

Lee Koo-yung, CEO of the solar power unit Qcells Division (Hanwha Q Cells) of South Korea's Hanwha Solutions Corp., on Monday said, "We will go beyo...

Lotte Group's Shin stresses unlearning as key to innovation

Lotte Group's Shin stresses unlearning as key to innovation

Disregarding existing ways and being open to new opportunities are challenging in South Korea’s large conglomerates, where a strict corporate ...

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