POSCO to spend $900 mn to expand lithium, cathode output in Korea

POSCO to spend $900 mn to expand lithium, cathode output in Korea

South Korea’s steel giant POSCO Group is expected to spend 1.2 trillion won ($900 million) in total to add cathode manufacturing and lithium r...

Renault Korea Motors shuts down Busan plant for 10 days

Renault Korea Motors shuts down Busan plant for 10 days

Renault Korea this month will stop operating its Busan plant for about 10 days in a desperate bid to reduce inventory, which has soared due to plumm...

Chinese shoppers slash online purchases of Korean goods

Chinese shoppers slash online purchases of Korean goods

Chinese shoppers have slashed online purchases of South Korean goods since the outbreak of the COVID-19 pandemic, tightening their wallets mostly on...

NuScale in talks to build SMR plant in S.Korea: NuScale CEO

NuScale in talks to build SMR plant in S.Korea: NuScale CEO

NuScale Power Corp., the world’s leading small modular reactor (SMR) developer, may land in South Korea sooner than its rivals with its unriva...

Korean builders fare well in Q1 with overseas projects

Korean builders fare well in Q1 with overseas projects

South Korea’s leading construction companies, led by Hyundai Engineering & Construction Co. (Hyundai E&C), posted modest operating pro...

Clean energy remains top pick for Korean infrastructure investors

Clean energy remains top pick for Korean infrastructure investors

South Korean institutional investors are poised to ramp up investments in global infrastructure, hedging against inflationary pressure, a survey found...

SK Bioscience to invest $1.8 billion, seeks M&As for inorganic growth

SK Bioscience to invest $1.8 billion, seeks M&As for inorganic growth

SK Bioscience Co., the drug-making unit of South Korea’s SK Group, plans to spend 2.4 trillion won ($1.8 billion) over the next five years and...

Kakao Healthcare teams up with US digital, biohealth firms

Kakao Healthcare teams up with US digital, biohealth firms

Kakao Healthcare, a digital healthcare platform unit of South Korea's Kakao Group, has teamed up with US digital and health companies such as DexCom...

Hotel Shilla to challenge Lotte’s duty-free shop dominance in Korea

Hotel Shilla to challenge Lotte’s duty-free shop dominance in Korea

South Korean leading luxury hotel and retail operator Hotel Shilla is challenging its crosstown rival Lotte, the dominant player in the country&rsqu...

Doosan Enerbility secures place on US market for SMR

Doosan Enerbility secures place on US market for SMR

South Korea's heavy industry company Doosan Enerbility Co. on Thursday said it discussed on Tuesday cooperation in areas like hydrogen production us...

S.Korea’s HD KSOE, Samsung Heavy post surplus amid order rally

S.Korea’s HD KSOE, Samsung Heavy post surplus amid order rally

South Korea’s HD Korea Shipbuilding & Offshore Engineering (KSOE) and Samsung Heavy Industries (SHI) posted good performance in the firs...

Korea’s SK Gas to invest $1.5 bn toward carbon neutrality by 2026

Korea’s SK Gas to invest $1.5 bn toward carbon neutrality by 2026

ULSAN – SK Gas Ltd. South Korea’s leading liquefied petroleum gas (LPG) supplier, is set to spend $1.5 billion on liquefied natural gas ...

S.Korea to support exports of 100 SMEs in metaverse, XR industry

S.Korea to support exports of 100 SMEs in metaverse, XR industry

South Korea's Ministry of Science and ICT announced on Thursday that it will support the export of 100 small- and medium-sized enterprises (SMEs) in...

S.Korea’s IT parts makers reeling from sluggish smartphone, TV sales performance

S.Korea’s IT parts makers reeling from sluggish smartphone, TV sales performance

  South Korea’s major information technology parts makers like Samsung Electro-Mechanics, LG Innotek and LG Display Co. suffered huge dr...

POSCO to supply steel to Samsung Electronics under long-term contract

POSCO to supply steel to Samsung Electronics under long-term contract

POSCO Holdings Inc., the parent of South Korea’s top steelmaker, will supply steel to Samsung Electronics Co. under a long-term deal, which is...

LGES to build pouch-type long-cell battery mother factory at $449 mn

LGES to build pouch-type long-cell battery mother factory at $449 mn

LG Energy Solution Ltd. will add a new mother factory to its Ochang manufacturing complex, as part of its plan to turn the home manufacturing site i...

Hyundai Wia commercializes autonomous logistics robots

Hyundai Wia commercializes autonomous logistics robots

Hyundai Wia, the second-largest auto parts supplier in South Korea after Hyundai Mobis, announced on Tuesday that it will begin commercializing auto...

Upstage beats Amazon, Nvidia to rank first in global AI competition

Upstage beats Amazon, Nvidia to rank first in global AI competition

South Korea’s artificial intelligence startup Upstage on Monday said it ranked first in four categories at the International Association for P...

KHNP closes in on final deal to build nuclear plant in Poland: PGE CEO

KHNP closes in on final deal to build nuclear plant in Poland: PGE CEO

Korea Hydro and Nuclear Power Co. (KHNP) and its counterparts are now in a situation where most conditions have been met to allow them to sign a bin...

SK Ecoplant aims to cut CO2 emissions from fuel cell power generation

SK Ecoplant aims to cut CO2 emissions from fuel cell power generation

South Korea's SK Ecoplant Co. on Monday said it is conducting a project to recycle a small amount of carbon generated when a fuel cell produces elec...

EcoPro sets sights on Europe with $286 million cathode plant in Hungary

EcoPro sets sights on Europe with $286 million cathode plant in Hungary

South Korea’s EcoPro Co., a leading battery materials maker, has begun construction of a 380 billion won ($286 million) cathode plant in Hunga...

HD Hyundai Infracore releases first S.Korean made bulldozer in 24 years

HD Hyundai Infracore releases first S.Korean made bulldozer in 24 years

HD Hyundai Infracore Co. a construction equipment affiliate of South Korea’s HD Hyundai Group, on Sunday said it launched its new bulldozer br...

Russian fresh pollock imported for first time at Donghae Port

Russian fresh pollock imported for first time at Donghae Port

As Korean cod, which had been considered everyone's fish, has virtually disappeared, Russian fresh  pollock has finally become available to Kor...

LG Elec gets open-source software security certification

LG Elec gets open-source software security certification

South Korean electronics giant LG Electronics Inc. announced on Friday that it has been recognized as a company that complies with the "Internationa...

Hyundai ties up with LG, SK for $5.3 bn US EV cell plants

Hyundai ties up with LG, SK for $5.3 bn US EV cell plants

Hyundai Motor Group, the leading South Korean automaker, has joined hands with LG Energy Solution Ltd. and its smaller rival SK On Co. to build elec...

Lotte’s soju team applauded as MZers bedazzled by sugar-free Saero

Lotte’s soju team applauded as MZers bedazzled by sugar-free Saero

Young consumers, dubbed millennials and Gen Zers, are by nature conscious of fleeting fads.These days, one of the hottest trends in South Korea is h...

Samsung Heavy forms int'l consortium to make nuclear plants at sea

Samsung Heavy forms int'l consortium to make nuclear plants at sea

South Korea's Samsung Heavy Industries (SHI) and Korea Hydro & Nuclear Power (KHNP) and Denmark's Seaborg Technologies on Friday announced their...

BTS' Suga releases his first solo album D-DAY

BTS' Suga releases his first solo album D-DAY

Suga of K-pop sensation BTS released his first solo album, “D-DAY”, on Friday, Bit Hit Music announced.This album is Suga’s first ...

Hankook Tire to cut workforce at fire-hit Daejeon plant

Hankook Tire to cut workforce at fire-hit Daejeon plant

Hankook Tire & Technology Co., South Korea’s largest tire maker, will cut its workforce at the fire-hit production complex in Daejeon thro...

POSCO Future M to issue $226 mn Korean green bonds

POSCO Future M to issue $226 mn Korean green bonds

South Korea's battery component maker POSCO Future M Co. (formerly POSCO Chemical) announced on Friday that it will issue 300 billion won ($226 mill...

Hanwha Systems to compete with LIG Nex1 for Korean version of Iron Dome NH, KB Securities, Kookmin Bank, Kim & Chang lead capital markets in H1 From G-Dragon to Ibuki: Dongmyo emerges as global fashion hotspot Hyundai helps Korean economy most with $265 bn contribution South Korea issues €1.4 billion in largest-ever euro bond sale