SK invests in US digital healthcare firm Cala Health

SK invests in US digital healthcare firm Cala Health

South Korea's SK Biopharmaceuticals Co. has dipped its toes into the rapidly growing digital healthcare market by investing in Cala Health, a US-bas...

Korea’s Iljin to build $391 mn battery materials plant in Spain

Korea’s Iljin to build $391 mn battery materials plant in Spain

South Korea’s Iljin Materials Co. plans to invest 500 billion won ($391.2 million) in a battery materials plant in Spain, its first production...

KKR to buy SK’s gas production facility for more than $785 mn

KKR to buy SK’s gas production facility for more than $785 mn

KKR & Co., a global private equity firm, is set to buy South Korean conglomerate SK Group’s industrial gas production facility at slightly...

POSCO to invest $20 billion in battery materials to rival Chinese firms

POSCO to invest $20 billion in battery materials to rival Chinese firms

POSCO Group, which owns South Korea’s largest steelmaker, plans to invest 25 trillion won ($20 billion) to secure a stable supply of key raw m...

SKT, SK Square invests $40 mn in Korea metaverse game firm

SKT, SK Square invests $40 mn in Korea metaverse game firm

South Korea’s top mobile carrier SK Telecom Co. and its spin-off SK Square Co. have together invested 50 billion won ($40 million) into a loca...

Hyundai Motor, battery firms strive to limit China lockdown disruptions

Hyundai Motor, battery firms strive to limit China lockdown disruptions

The growing fears of a Beijing lockdown are prompting South Korea’s top automaker Hyundai Motor Co. and battery makers, already suffering from...

LG Energy to spend more on battery capacity expansion

LG Energy to spend more on battery capacity expansion

LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, plans to spend more on global capacity expansion than init...

Dongkuk buys 15% stake in Vietnamese steel fabricator

Dongkuk buys 15% stake in Vietnamese steel fabricator

Dongkuk Steel Mill Co., South Korea’s leading color-coated steel manufacturer, said on Wednesday it has acquired a 15% stake in VSSC Steel Cen...

Foreign ownership of Korean shares hits lowest level since 2010

Foreign ownership of Korean shares hits lowest level since 2010

Foreign investors’ holding rate in South Korea’s main bourse Kospi has plunged to the lowest level since 2010. The investors have dispos...

LG Chem, Korea Zinc to set up battery material JV

LG Chem, Korea Zinc to set up battery material JV

LG Chem Ltd. and Korea Zinc Inc. will set up a joint venture to produce precursor, a key material in the production of cathode materials for electri...

Boryung takes 'health is wealth' to whole new level – space

Boryung takes 'health is wealth' to whole new level – space

South Korean biotech and pharmaceutical companies are expanding their footholds in the global space medicine market. Boryung, formerly Boryung Pharm...

LG Electronics widens lead over Whirlpool as top home appliance maker

LG Electronics widens lead over Whirlpool as top home appliance maker

LG Electronics Inc. is consolidating its lead over Whirlpool Corp. as the world’s top home appliances maker, with $1 billion more in sales rev...

SK’s gas unit to sell production facility for $809 mn

SK’s gas unit to sell production facility for $809 mn

South Korean conglomerate SK Group’s industrial gas-making unit is set to sell a local production facility for about 1 trillion won ($809 mill...

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

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...

Warehouses pile financial burden on investment firms

Warehouses pile financial burden on investment firms

South Korea’s logistics centers are ramping up the financial pressure on real estate investment firms. Previously a favored property type, i...

POSCO Chemical to raise $244 mn in green bonds

POSCO Chemical to raise $244 mn in green bonds

POSCO Chemical Co., South Korean steelmaker POSCO Group’s chemical and battery material unit, said on April 8 that it will issue green bonds w...

POSCO Chem breaks ground for battery material plant

POSCO Chem breaks ground for battery material plant

South Korea’s POSCO Chemical Co. started construction of a battery material plant in the country as a part of its plan to boost production cap...

Morgan Stanley PE closes first Korean buyout in 8 yrs

Morgan Stanley PE closes first Korean buyout in 8 yrs

Morgan Stanley Private Equity has acquired a South Korean dietary supplements maker Life & Bio Co., in its first Korean buyout deal in eight yea...

Foreigners sell net $4 bn of shares in March, second only to Aug. 2021

Foreigners sell net $4 bn of shares in March, second only to Aug. 2021

Foreign investors in March sold a net 4.84 trillion won ($3.97 billion) worth of shares on South Korea's main bourse Kospi, their highest-ever mon...

Smartphone material maker NexFlex draws bidders

Smartphone material maker NexFlex draws bidders

NexFlex Co., South Korea's largest manufacturer of flexible copper clad laminates (FCCLs) used for smartphones, has drawn around half a dozen prelim...

POSCO, Hancock partner for low-carbon steel materials production

POSCO, Hancock partner for low-carbon steel materials production

South Korea’s top steelmaker POSCO Co. and Hancock Prospecting Pty Ltd, a leading Australian mining firm, are slated to collaborate in low-car...

Hanwha Solutions to raise $491 mn with materials unit split-off

Hanwha Solutions to raise $491 mn with materials unit split-off

South Korea’s Hanwha Solutions Corp. is set to split off its advanced materials business and sell a stake in the unit to raise $491 million fo...

SK Chemicals to invest $1.6 bn in green, biopharmaceutical sectors

SK Chemicals to invest $1.6 bn in green, biopharmaceutical sectors

South Korea’s SK Chemicals plans to invest more than 2 trillion won ($1.6 billion) in eco-friendly material and biopharmaceutical businesses.T...

POSCO to invest $4 bn in Argentina battery materials project

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...

OLED materials makers set to shine as Samsung, Sony unveil new TVs

OLED materials makers set to shine as Samsung, Sony unveil new TVs

South Korea’s major OLED materials makers are becoming the market darlings with decent gains in their share prices, as global TV manufacturers...

POSCO to build largest solid electrolyte plant for batteries

POSCO to build largest solid electrolyte plant for batteries

POSCO Group, the world’s sixth-largest steelmaker, said on March 14 it has started construction on a solid electrolyte manufacturing facilit...

Poongsan, Korea Zinc to benefit from rising raw material prices

Poongsan, Korea Zinc to benefit from rising raw material prices

South Korea’s non-ferrous metal smelters such as Korea Zinc Co. and Poongsan Corp. are set to benefit from rising prices of raw materials in t...

Korean shipbuilders see material impact from sanctions on Russia

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, ...

POSCO Chem, GM to build $400 mn battery material plant in Canada

POSCO Chem, GM to build $400 mn battery material plant in Canada

South Korea’s POSCO Chemical Co. and US top automaker General Motors Co. decided to build a battery material plant in Canada.POSCO Chemical an...

POSCO Chem to expand low-expansion anode materials output

POSCO Chem to expand low-expansion anode materials output

South Korea’s POSCO Chemical Co. plans to fivefold production of low-expansion anode materials, high-value-added ingredients for electric vehi...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race