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

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 ...

Self-driving startup 42dot unveils driverless shuttle

Self-driving startup 42dot unveils driverless shuttle

South Korea's autonomous transportation startup 42dot, owned by Hyundai Motor Group, on Monday unveiled a driverless electric shuttle installed with...

Korea's Kospi plunges to year's record low close on foreign selling

Korea's Kospi plunges to year's record low close on foreign selling

South Korea’s main bourse Kospi dropped 1.81% to finish at 2,290.00 on Sept. 23, hitting a new low closing for the year amid growing woes over...

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

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...

POSCO Chem, OCI break ground on EV battery pitch plant

POSCO Chem, OCI break ground on EV battery pitch plant

South Korea’s P&O Chemical is set to build the country’s first high-softening-point pitch manufacturing facilities with 15,000 tons ...

Battery maker SK On sweetens $1.4 bn fundraising deal

Battery maker SK On sweetens $1.4 bn fundraising deal

SK On Co., the world’s fifth-largest rechargeable battery maker, has sweetened its deal to attract 2 trillion won ($1.4 billion) in new share ...

LG Elec., GS EPS join forces to produce, use solar power in Korea

LG Elec., GS EPS join forces to produce, use solar power in Korea

LG Electronic Inc. is set to produce solar energy to support 10% of the annual electricity consumption at its Changwon plant in South Korea.The firm...

Hyundai Group unveils purpose-built vehicle for airport pickup

Hyundai Group unveils purpose-built vehicle for airport pickup

Hyundai Motor Group has unveiled the interior design and user experience technologies for its purpose-built vehicles (PBVs) as the top South Korean ...

Korea battery, chip companies fail to reboot IPO market

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...

Seoul pushes for battery recycling to bypass US bill

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...

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

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...

Tumbling Korean won increases corporate debt burden

Tumbling Korean won increases corporate debt burden

The South Korean won extended its losses to hit its weakest level since the 2008-09 global financial crisis on Wednesday, pressured by higher-than-e...

Hyundai Glovis receives $1.6 bn order from global carmaker

Hyundai Glovis receives $1.6 bn order from global carmaker

Hyundai Glovis announced on Wednesday that it received an order worth 2.2 trillion won ($1.6 billion) from a global carmaker, a record-high vehicle ...

Hyundai Steel unveils steel sheets with 30% reduction in carbon emissions

Hyundai Steel unveils steel sheets with 30% reduction in carbon emissions

South Korean steelmaker Hyundai Steel Co. announced Tuesday it succeeded in the pilot manufacturing of advanced auto steel sheets using an electric ...

Hyundai Mobis to debut Detroit Auto Show with advanced EV technology

Hyundai Mobis to debut Detroit Auto Show with advanced EV technology

South Korea’s top auto parts maker Hyundai Mobis Co. will showcase its latest electric vehicle-related technology at this year’s North A...

SK Ecoplant bets on US battery recycling firm Ascend Elements

SK Ecoplant bets on US battery recycling firm Ascend Elements

South Korea’s SK Ecoplant Co., formerly SK Engineering & Construction Co., signed a stock purchase agreement (SPA) on Aug. 31 to invest $5...

Korea eyes $3.8 billion in Redback armored vehicle exports to Australia

Korea eyes $3.8 billion in Redback armored vehicle exports to Australia

South Korea is expected to clinch a deal to export more than 5 trillion won ($3.8 billion) worth of armored vehicles to Australia, which is strength...

SK Innovation unveils plans for Scope 3 carbon emission reduction

SK Innovation unveils plans for Scope 3 carbon emission reduction

SK Innovation Co. published its 2022 Net Zero Special Report on the company website on Wednesday, detailing its plan of action for Scope 3 carbon em...

LG Chem to build carbon nanotube Plant 4 for EV batteries

LG Chem to build carbon nanotube Plant 4 for EV batteries

LG Chem Ltd., South Korea’s chemicals giant, is set to build the world’s largest single-line carbon nanotube (CNT) manufacturing plant i...

LG Energy, Honda to form JV for EV battery production in the US

LG Energy, Honda to form JV for EV battery production in the US

LG Energy Solution Ltd. announced on Monday that it reached an agreement with Honda Motor Co. to establish a joint venture company to produce lithiu...

Samsung SDI to hasten US battery plant groundbreaking

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...

POSCO builds EV battery recycling plant in Poland

POSCO builds EV battery recycling plant in Poland

South Korea’s POSCO Holdings has built a rechargeable battery recycling plant in Poland, in line with Europe’s tougher regulations on ba...

Corporate sponsors focus on luxury at Seoul's first Frieze Art Fair

Corporate sponsors focus on luxury at Seoul's first Frieze Art Fair

With just three days before the world-renowned Frieze Art Fair launches its inaugural event in Seoul, corporate sponsors are duking it out to outs...

Hyundai Motor, LG Energy secure $710 mn for battery JV in Indonesia

Hyundai Motor, LG Energy secure $710 mn for battery JV in Indonesia

South Korea’s Hyundai Motor Group and battery maker LG Energy Solution Ltd. have secured $710 million from financial institutions overseas to ...

SK, SK Energy acquire US energy solution provider Atom Power

SK, SK Energy acquire US energy solution provider Atom Power

SK Inc. and SK Energy announced they have jointly acquired North Carolina-based energy solution enterprise Atom Power Inc. for $150 million.The thre...

Boston emerges as Korean firms’ R&D hub for AI, batteries

Boston emerges as Korean firms’ R&D hub for AI, batteries

Top South Korean conglomerates Samsung and Hyundai have selected Boston as the home of their first overseas research centers for batteries and artif...

Seoul says US tax credit bill risks violation of FTA, WTO

Seoul says US tax credit bill risks violation of FTA, WTO

South Korea has conveyed concerns to the US about its legislative move to remove tax credits from electric vehicles produced outside of North Americ...

Samsung’s new foldables: High-stakes game changers in smartphones

Samsung’s new foldables: High-stakes game changers in smartphones

Samsung Electronics Co. on Wednesday unveiled its fourth-generation foldable phones – new additions to its high-end line of Galaxy Z Fold and ...

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

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...

Investor sentiment on Korean IPOs remains chilly in H2

Investor sentiment on Korean IPOs remains chilly in H2

Investors are staying away from South Korea’s initial public offering markets as sentiment remains sour on global interest rate hikes, the sus...

Deal graveyard: S.Korean F&B franchises left without takers LG Energy, GM’s JV Ultium Cells to retrofit Tennessee plant to produce LFP batteries KPop Demon Hunters OST lands at No.6 on Billboard Hot 100 K-beauty craze sends Olive Young online sales to new heights Hyundai Motor’s high-stakes gambit in US: Cut vehicle prices as rivals hike