LG Chem delivers Q1 earnings surprise on cash-cow petrochem business
South Korea’s LG Chem Ltd. said on Wednesday that its quarterly revenue and operating profit rose to all-time highs in the January-March perio...
Hyundai Motor pilots EV mobility service for pets
Hyundai Motor Group will pilot an urban mobility service for pets in Seoul, using a specially designed Ray EV model by Kia Corp. The group said on A...
Hyundai Motor chairman visits US, seeks business opportunities
Hyundai Motor Group Chairman Chung Euisun is visiting the United States seeking business opportunities in one of the South Korean automotive group&r...
KOTAM raises $185 mn for BlackRock's new energy fund
Korea Transportation Asset Management (KOTAM) has raised $185 million from five domestic institutional investors to commit to BlackRock's new renewa...
SK Hynix co-vice chairman hints at expanding foundry business
SK Hynix Inc., the world’s second-largest memory chipmaker, may expand its foundry business as a growing number of industries are suffering fr...
Naver mulls US listing for webtoon business
South Korea’s top online portal Naver Corp. is considering more dollar bond sales after it raised $500 million last month in its first foreign...
Korea Credit Data raises over $35 mn from Pavilion, GS, KB Bank
South Korea-based fintech firm Korea Credit Data (KCD) has raised around 40 billion won ($36 million) from Singapore-based private equity firm Pavil...
Doosan sets sights on hydrogen business as future growth engine
South Korea’s Doosan Group has launched a task force to foster its hydrogen fuel cell business as one of its key growth drivers.The heavy mach...
Hyundai debuts First Genesis EV sedan at Shanghai Auto Show
Hyundai Motor Co. on Monday unveiled an electric version of its premium brand Genesis at the opening of Auto Shanghai 2021 as the top South Korean c...
GM, LG to build second US EV battery plant in Tennessee
LG Energy Solution Ltd. and General Motors Co. will spend 2.7 trillion won ($2.4 billion) to build their second US electric vehicle battery plant in...
SK expands EV profile with Signet EV acquisition, Polestar investment
SK Group will enter the fast-growing electric vehicle (EV) charger market by acquiring a majority stake in South Korea’s industrial charger ...
Posco Chemical to supply EV battery materials to GM-LG Energy JV
Posco Chemical Co., the secondary battery materials unit of POSCO, will supply anodes, a key material used in electric car batteries, to the joint v...
Chips, EV and AI lead Korean firms' 2020 R&D spending
Semiconductor chips, electric vehicles and artificial intelligence (AI) drove the top 100 South Korean companies' spending on research and developme...
LG Elec to fold mobile phone business in 26 yrs
LG Electronics Inc. announced on Monday its exit from the loss-making mobile phone business, which has accumulated operating losses of 5 trillion wo...
Hydrogen, aerospace, materials: key words for Korean business leaders
South Korea’s top conglomerates have enjoyed their domestic market leadership for decades with a focus on the steel, shipbuilding and petroche...
ITC rules in favor of SK Innovation over LG Energy in US battery patent suit
The International Trade Commission (ITC) has ruled in favor of SK Innovation Co. in a US battery patent suit filed by LG Energy Solution Ltd., which...
Hyundai Mobis expands mobility business, reveals concept cars
South Korea’s largest auto parts maker Hyundai Mobis will undergo significant reforms in its business model to become a future mobility platfo...
SK acquires 70% stake in Yposkesi to jump into cell, gene CMO business
SK Inc., the holding and investment company of SK Group, South Korea’s third-largest conglomerate, has acquired a 70% stake in Yposkesi, a Fre...
BlackRock sheds $620 mn Korean retail fund business
BlackRock Inc., the world’s largest asset manager, has sold its retail business in South Korea to a small domestic investment firm to concentr...
GS Galtex to partner with Kakao for mobility services
South Korea's GS Caltex Corp., aiming to become a logistics platform, will invest around 30 billion won ($26 million) in Kakao Mobility Corp. to str...
Consulting firms enjoy boom as pandemic drives new business strategies
Slightly more than a year since the COVID-19 pandemic upended the business world, the role of management consultants has become important more than ...
Hyundai to build ultra-fast EV charging infrastructure under E-pit brand
Hyundai Motor Group has unveiled a plan to build high-speed electric car charging infrastructure across the country as the South Korean auto giant s...
Lotte advances into bio business, to acquire stake in Enzychem
South Korea’s Lotte Group is entering the bio business for the first time in its history by acquiring a significant stake in Enzychem Lifescie...
LG Energy to invest over $4.5 bn to expand US battery facilities
LG Energy Solutions Ltd. announced on Friday that it will invest more than 5 trillion won ($4.5 billion) by 2025 to expand its US battery business, ...
LG Energy may build US, Europe plants to supply new batteries to Tesla
LG Energy Solution Ltd. may build an electric vehicle battery plant in the US to supply advanced battery cells to Tesla Inc. for its new models to b...
S.Korea’s top flexible PCB maker wins big in 5G and EVs
BH Co. is South Korea’s leading manufacturer of flexible printed circuit board (FPCB), an essential component of smartphones, from camera to O...
Kia reveals teaser of first dedicated EV model, EV6
Kia Corp. on Mar. 9 showcased teaser images and video clips of EV6 – its first dedicated electric vehicle (EV) built on Hyundai Motor Group&rs...
S-Oil invests in fuel cell maker to enter hydrogen energy market
South Korea-based oil refiner S-Oil Corp. is readying to expand its business into the hydrogen energy sector by investing around 8.2 billion won ($7...
Hanwha launches group-wide task force to bolster space business
Hanwha Group has created an internal task force headed by the group's heir apparent to strengthen its presence in the fast-growing global space sect...
LG Energy, GM in talks to build 2nd EV battery plant in Tennessee
South Korea’s LG Energy Solution Ltd. is exploring building a second electric car battery plant in the US with joint venture partner General M...
