Samsung to join NuScale's SMR nuclear plant projects

South Korea's Samsung C&T Corp. will make its foray into the small modular reactor (SMR) market by joining the US-based NuScale Power in buildin...

SK E&S invests $110 million in world’s largest carbon capture project

SK E&S Co., the natural gas business unit of South Korea’s SK Group, is investing $110 million for a 10% stake in Summit Carbon Solutions ...

Korean won at 2-year low, adding to inflationary pressure

South Korea’s won currency skidded to the lowest level in more than two years on Thursday, adding to fears over growing inflationary pressure ...

LX International’s value soars on cryptocurrency, GAM mine in Indonesia

LX International Corp., the trading unit of South Korea’s LX Group, has seen its enterprise value rise by two-thirds over the past three month...

Kakao to launch webtoon platform in Indonesia for SE Asia

Kakao Entertainment Co. will launch a webtoon platform in Indonesia, the most populous country in Southeast Asia, to expand the business in the regi...

SeAH to supply steel pipes for LNG export base in Qatar via Samsung

  SeAH Steel Corp., the largest steel pipe manufacturer in South Korea, signed a contract on April 25 to offer Samsung C&T Corp. its stain...

SK Ecoplant to build largest commercial data center in Korea

South Korea’s SK Ecoplant Co., formerly known as SK Engineering & Construction Co., is slated to develop the largest commercial data cen...

Korea reiterates reform plans to join MSCI developed markets

South Korea’s Finance Minister Hong Nam-ki reiterated the country will take reform measures such as the extension of the local currency's trad...

Hyundai Rotem to kick off liquid hydrogen fueling station project

Hyundai Rotem Co., a South Korea’s railway system maker under Hyundai Motor Group, said on Friday that it has won a demonstration project to b...

LG Energy-led group to set up $9 bn Indonesia battery value chain

A consortium led by LG Energy Solution Ltd., the global No. 2 electric vehicle battery maker, will invest $9 billion in a battery value chain in Ind...

Ssangyong Motor sale likely a duel between KG Group, Ssangbangwool

The sale of troubled sport utility vehicle maker Ssangyong Motor Co. is likely to be a duel between chemicals conglomerate KG Group and SBW Group, a...

S.Korea to scrap plans to sell Ambatovy mine stake

President-elect Yoon Suk-yeol will scrap the outgoing government’s plan to sell off its stakes in loss-making overseas mines, including the Am...

KG Group, Cactus PE to join race for Ssangyong Motor

South Korea’s KG Group, a chemicals conglomerate, and Cactus Private Equity, are joining the race for Ssangyong Motor Co., up for sale again n...

Hanwha Solutions wins France's solar farm project

Q Cells, a renewable energy division of South Korea's Hanwha Solutions Corp., has clinched a large-scale solar energy project in France, acceleratin...

Korea's new asset managers survive with competitive edge

  Most new asset management firms in South Korea end up lagging the competition due to their smaller sizes. They suffer from operating losses ...

POSCO to invest $4 bn in Argentina battery materials project

South Korea’s POSCO Group is set to spend $4 billion for the capacity expansion of a new lithium hydroxide factory in Argentina and cathode ma...

NCSoft releases trailers of two upcoming games

South Korea’s gaming behemoth NCSoft Corp. released trailers for two new titles named Throne and Liberty and Project E on Thursday. The c...

Hyundai to make IONIQ 5 in Indonesia, EV hub for ASEAN market

Hyundai Motor Co. has started mass producing its iconic all-electric crossover IONIQ 5 at its newly built plant in Indonesia, a country that the top...

Hyundai Heavy targets $2.5 bn Saudi escort ships deal

South Korea’s Hyundai Heavy Industries Holdings Co. targets Saudi Arabia’s project for new escort ships worth up to $2.5 billion. The wo...

POSCO, Hancock to restart multi-billion-dollar Hardey iron ore project

South Korea’s top steelmaker POSCO and Hancock Prospecting Pty Ltd, a leading Australian mining firm, have agreed to restart a long-dormant ir...

K Car's evolution into top Korean used car sales platform

When Seoul-based private equity firm Hahn & Co. acquired K Car Co. from SK Group in 2018, the No. 1 used car retailer in South Korea controlled ...

Korea Investment in $4.4 bn lending group for Tropicana deal

Korea Investment & Securities Co. will arrange senior and mezzanine loans for Paris-based PAI Partners to fund its acquisition of Tropicana an...

Skincare giant Cosmax adds pet care line

South Korea’s beauty products manufacturer Cosmax Inc. has entered the rapidly growing pet products market.The company specializes in receiv...

LG AI Research forms 'Hyperscale' AI alliance with 13 companies

LG AI Research unveiled an alliance network consisting of 13 corporations and organizations based in South Korea and abroad on Tuesday. There a...

CJ ENM’s streaming platform raises $209 mn to finance original content

TVing Co. is poised to sell 382,513 new shares to South Korean private equity fund JC Partner Co.’s affiliate to raise 250 billion won ($209 m...

Samsung Eng. enters Russia with €1 bn petchem plant deal

South Korea’s Samsung Engineering made inroads into Russia’s plant engineering and construction market with a 1 billion euro ($1.1 billi...

Daewoo consortium to develop building complex in Hanoi new town

Daewoo Engineering & Construction Co. has said it signed a contract on Jan. 26. to develop the H1HH1 block in Starlake, a new urban town in no...

Hyosung's operaing profit reaches record $2 bn last year

Hyosung Group’s annual operating profit exceeded two trillion won ($1.9 billion) for the first time since the company was founded in 1966.Loca...

Samsung, Lotte, POSCO to build hydrogen plant in Malaysia

Samsung Engineering Co., Lotte Chemical Corp., and POSCO signed a memorandum of understanding (MoU) with Sarawak Economic Development Corporation (S...

Hyundai Engineering CEO: To spend $1.3 bn on green projects with IPO

Hyundai Engineering Co., the plant engineering and construction unit of South Korea’s Hyundai Motor Group, plans to spend as much as 1.5 trill...