Hyundai Motor unveils new EV charging platform to take on Tesla

Hyundai Motor Co. on Monday unveiled a new electric vehicle charging service platform as the top South Korean automaker takes on global rival Tesla ...

Low-carbon energy costs to haunt airlines from 2025

The European Union's tougher emission standards are creating a new headache for airline companies, which are raising their international flights to ...

SM Entertainment to find Saudi idols with Princess Haifa

South Korea’s entertainment behemoth SM Entertainment Co. will develop Saudi idols with Princess Haifa bint Mohammed Al-Saud as the kingdom ai...

EDGC enters US procurement market with medical supplies

Eone Diagnomics Genome Center Co. (EDGC), a South Korean healthcare firm specializing in genetic analysis technology, is set to enter the US governm...

Samsung’s Life Science Fund invests in US biotech Jaguar Gene Therapy

Samsung Group’s 150 billion won ($124 million) Life Science Fund launched last year has chosen a leading US gene therapy development company a...

Nexon incorporates own payment system for Dungeon & Fire release

South Korea’s online game developers are intensifying their efforts to build and incorporate their own payment systems to wipe out hefty commi...

Kiturami Boiler bets on chip, battery facility systems

Choi Jin-min, founder and chairman of Kiturami Boiler Co., is one of the few living witnesses in South Korea's boiler history. At the age of 21, he ...

Rising global TV prices: A boon and risk for Samsung, LG

Global TV prices rose by a third last year and are expected to continue their uptrend this year, which could be a boon for the world’s two lar...

Hyundai to adopt multiple car assembly system at local plant from August

Hyundai Motor Co. is introducing a multiple vehicle assembly system at its main plant in South Korea to better respond to rising market demand for d...

LG Innotek shares at new highs, tracking Apple's rise

Shares in LG Innotek Co., a major camera module supplier for Apple iPhones, climbed to a record high on Monday, in stark contrast to the flat wider ...

Shares of cement makers firm up despite higher coal prices

Shares in South Korean cement suppliers have performed well in a rangebound market, despite soaring prices of bituminous coal, their raw material.Co...

China's lockdown: Double effect to Korean tech stocks

The COVID-19 lockdown of Shenzhen, the city known as Silicon Valley of China, is increasing concerns over supply disruptions to South Korea’s ...

Hanwha invests another $11 mn in US communications firm Kymeta

Hanwha Systems Co., the defense and air mobility unit of South Korea’s Hanwha Group, made another investment of $11 million in Kymeta Corp., a...

Data centers in European core cities are promising, Principal head says

Critical data center hubs have emerged in European major cities with dramatic growth in data consumption, and the facilities are rising as promising...

Hyundai’s auto exports to Russia cut by half in February, hit by war

Hyundai Motor Co.'s car exports to Russia have dwindled by nearly half in the latest indication that global automakers are feeling the pinch due to ...

Korean shipbuilders see material impact from sanctions on Russia

International sanctions on Russia over its invasion of Ukraine are set to have a material impact on South Korea’s three largest shipbuilders, ...

Goldman sees Samsung, SK Hynix shares up 50% over next 12 mths

The share prices of the world’s two largest memory chipmakers Samsung Electronics Co. and SK Hynix Inc. each have room to rise by about 50% ov...

S.Korean builders, tech stocks rally after election

The South Korean stock market rose across the board on Thursday, reacting positively to the election of former prosecutor generator Yoon Suk-yeol as...

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...

Korea defense firms in spotlight amid Russia-Ukraine war

South Korea’s defense makers are in the spotlight as nations are expected to boost their military power amid the Russia-Ukraine war. Industry ...

Hyundai, Iveco to cooperate on commercial vehicles

Hyundai Motor Co., South Korea’s top automaker, and Iveco Group NV, Italia's truck maker, have agreed to join hands on their commercial vehicl...

KB Life, Prudential Life to complete merger by Jan 2023

The merger of KB Life Insurance Co., an insurer under KB Financial Group Inc. of South Korea, and Prudential Life Insurance Co. of Korea will be c...

LG Elec signs 5G vehicle connectivity deal in Europe

LG Electronics Inc. has signed a deal on 5G vehicle connectivity with a European premium carmaker as the South Korean company is expanding its marke...

KEPCO at record loss on fuel costs; wider losses seen in 2022

South Korean power utility KEPCO Co. reported its largest-ever operating loss of nearly 6 trillion won ($5 billion) in 2021, after it froze the elec...

Korean shipbuilders set for more orders on Ukraine crisis

South Korea’s shipbuilders are expected to get more orders on the escalating crisis in Ukraine as Europe is diversifying natural gas suppliers...

Korean battery sector to heat up IPO market again

South Korea’s battery industry is expected to heat up the initial public offering market later this year as battery materials and equipment ma...

SK On aims to dominate global battery market by 2030

SK On Co. is on track to become the world’s No. 1 battery maker by 2030, the company said on Sunday. During an interview with the in-ho...

Korean chipmakers to cut core solvent imports for EUV process

South Korean chipmakers are expected to reduce imports of a core solvent of the extreme ultraviolet (EUV) process for semiconductor manufacturing as...

Korea’s record liquidity growth raises inflation, asset prices

South Korea’s money supply increased at the fastest pace in history last year, exceeding liquidity growth in the eurozone, which accelerated i...

LG Energy acquires ESS company in US from Japan's NEC

LG Energy Solution Ltd. has acquired US-based NEC Energy Solutions to expand its capabilities into the energy storage system (ESS) integration mar...