POSCO Future M to spend $300 million on NCA cathode plant in Pohang
South Korea's battery component maker POSCO Future M, formerly POSCO Chemical, on Tuesday said it will build its first plant solely for cathode mate...
LG Elec to spend over $4 bn on capex in 2023, biggest in a decade
LG Electronics Inc. has decided to go bold to widen the technology gap with its rivals, with its biggest capital expenditure in a decade of more tha...
AMCHAM head James Kim joins Hyundai Mobis as outside director
James Kim, chairman of the American Chamber of Commerce in Korea (AMCHAM), is joining South Korea’s largest auto parts maker Hyundai Mobis Co....
S.Korea's high-tech firms flood to US with heavy spending plans
South Korea’s large business groups are flooding to the US, with their pledged investments there exceeding $100 billion for the next two years...
Korea's credit card approval volume hit all-time high last year
The annual card approval amount in South Korea exceeded 1,000 trillion won ($811.4 billion) for the first time ever. This is largely because of "ret...
Hanwha Solutions, Microsoft sign solar energy partnership in US
Hanwha Solutions Corp., a unit of South Korea’s chemicals-to-construction conglomerate Hanwha Group, said on Thursday it has formed a strategi...
Korea to invest $367 million to nurture AI, metaverse, digital talent
South Korea plans to spend 453.7 billion won ($367 million) this year to nurture digital talent in the fast-growing business sectors, including the ...
UAE’s sovereign funds to invest $30 billion in South Korea
ABU DHABI – The United Arab Emirates will invest $30 billion in South Korea across strategic sectors, including the nuclear power, defense, hy...
Samsung may cut spending as foundry players brace for downturn
Samsung Electronics Co., the world’s largest memory chipmaker, may slash its investment for contract chipmaking known as foundry, as its peers...
Lotte to invest more in US bio biz, spend $3 bn in Korea
SAN FRANCISCO -- South Korea’s Lotte Biologics Co. is considering investing more in the US bio industry and spending $3 billion in new factori...
Qatar, UAE spend most on Korean games, pushing back China, US
Middle Eastern countries have emerged as a blue ocean for the South Korean game industry, ranking first in both per-capita usage amount and playtime...
Buying a home in Seoul becomes tougher in 2021
Saving income to buy a house in South Korea has become more difficult and taking longer, according to a report by the Ministry of Land, Infrastruc...
LG Energy to spend $3.1 bn on 4680 battery plant in S.Korea
LG Energy Solution Ltd., the world’s No. 2 electric vehicle (EV) battery maker, is poised to spend $3.1 billion on facilities in South Korea t...
Shin Hanul revives Korea’s aim to become global nuclear powerhouse
South Korea put a newly built nuclear reactor into full operation on Wednesday to reinforce energy stability, reviving its goal of becoming ...
Korean military aircraft maker KAI to spend $1.1 bn on R&D
Korea Aerospace Industries Ltd. (KAI), the country’s military aircraft manufacturer, is poised to invest 1.5 trillion won ($1.1 billion) in re...
Kakao unveils measures to prevent recurrence of service disruptions
South Korea’s Kakao Corp. has unveiled a series of measures to prevent a recurrence of service disruptions after the mobile platform giant cam...
Cento Ventures: High ROI of Korean startups still uncommon knowledge
When it comes to the global startup ecosystem, South Korean cities, including the capital Seoul, often do not come to investors’ minds before ...
Korean overseas card spending near 3-year high on resurgence in travel
Overseas card spending by residents in South Korea rose to a nearly three-year high in the third quarter as international travel surged with countri...
Lotte to spend $651 mn to save affiliate from Legoland woes
Lotte Group is set to inject a total of $651 million through its chemical units to save a construction affiliate from the fallout of a debt default ...
Korean Air to introduce new planes, spend $1.7 bn on safety
Korean Air Lines Co., the country’s flag carrier, plans to bring in new airplanes and spend $1.7 billion on safety measures after a recent spa...
Robust consumer spending in South Korea despite economic downturn
A buyer who works for the men's fashion division of a South Korean department store had trouble sleeping ahead of the fall sale that ran from Sept. ...
Hansol Group, KAIST to launch new tech, AI research center
South Korea’s Hansol Group and the Korea Advanced Institute of Science and Technology (KAIST) have agreed to establish a research center to de...
Hyundai Mobis to spend $1.3 bn to build US EV parts, module plants
South Korea’s top auto parts maker Hyundai Mobis Co. will spend $1.3 billion until 2030 to build auto parts and module plants for electric veh...
S.Korea to take measures to support stock, bond markets
South Korea is set to take measures to stabilize local stock and bond markets hit by global interest rate hikes amid growing risks of a worldwide ec...
Higher costs, weaker won put Korean firms’ investments on hold
Rising borrowing costs coupled with the weakening local currency are forcing an increasing number of South Korean companies to withdraw or halt thei...
SK allots 40% of local spending to non-capital areas
SK Group, South Korea’s second-largest conglomerate after Samsung, will funnel 67 trillion won ($48 billion), or about 40% of its 2022-2026 do...
Korea to cut spending in 2023, first time in 13 years
South Korea plans to reduce spending in 2023 for the first time in 13 years by cutting pandemic-era stimulus payments in a move to curb the country&...
Hankook Tire to spend $1.6 bn on US plant expansion
Hankook Tire & Technology Co., South Korea’s top tire maker, will invest $1.6 billion to more than double its output in the US, the world&...
Samsung to spend $74 bn on chip production lines in Korea
Samsung Electronics Co., the world’s top memory chipmaker, is expected to invest some $74 billion to expand semiconductor production capacity ...
Experts criticize Seoul's quantum computer development efforts
The United States: 4158. South Korea: 50These figures refer to the number of qubits in a quantum computer that each country seeks to develop by 2026...
