LG Energy Q1 profit beats forecast on strong demand, price hikes
LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, reported a lower-than-expected decline in quarterly profit...
Startups need to embrace ESG, industry insiders say
Environmental initiatives such as RE100 and high Environmental, Social, and Governance (ESG) standards are not just for conglomerates anymore, accor...
S.Korea to scrap ambitious 2050 renewable energy target
South Korea’s incoming government will scrap the country’s ambitious goals of expanding renewable energy sources to 70% of the electrici...
One in five S.Koreans use AI-powered tax filing platform 3.3
Jobis & Villains, the operator of artificial intelligence-powered accounting platform 3.3, is resolute about its mission to help gig economy wor...
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...
Hanwha Solutions wins France's solar farm project
Q Cells, a renewable energy division of South Korea's Hanwha Solutions Corp., has clinched a large-scale solar energy project in France, acceleratin...
SK E&S buys EverCharge to enter US EV charging market
South Korea’s SK E&S Co. acquired US electric vehicle charging solution provider EverCharge Inc. to start the business in the world’...
LG Energy, Stellantis to build $4.1 billion battery plant in Canada
The world’s second-largest battery maker LG Energy Solution Ltd. and multinational automaker Stellantis N.V. have agreed to build a $4.1 billi...
LG Energy considers billion-dollar battery plant in Arizona
South Korea’s LG Energy Solution Ltd. may build a billion-dollar battery plant in the US state of Arizona to meet growing demand in North Amer...
Korean online banks’ disruptive business model: Woo low-credit borrowers
South Korea’s three major digital banks are stepping up their credit loans to borrowers with low credit ratings, a disruptive business model 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...
LG Energy shares at lowest since IPO on short-selling concerns
Shares of LG Energy Solution Ltd. on Friday fell to their lowest level since the top South Korean battery maker went public in January on market con...
Hanwha, Poongsan, LIG Nex1 clinch $989 mn Saudi defense deals
South Korea’s three defense-related companies have signed a combined 3.71 billion Saudi riyal ($989 million) contract to supply ammunition and...
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 ...
S.Korea seen to benefit from MSCI's Russia removal
MSCI Inc.'s decision to remove Russian stocks from its emerging markets indexes from later next week stirred up expectations that as much as $3.4 bi...
Korea corp. borrowing costs to rise further on Russia risks
South Korean companies are expected to pay more for fundraising as Russia’s invasion of Ukraine has chilled investor sentiment on corporate bo...
S.Korea to support firms to offset damage of Ukraine crisis
South Korea is set to provide financial support of up to $1.7 billion to exporters in a move to minimize the impact of the escalating crisis in Ukra...
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...
LG Energy faces reality check as its stock turns a market laggard
South Korean battery maker LG Energy Solution Ltd. was touted as a market darling even before its Kospi debut last month, reflecting the investor fr...
Hanwha Defense secures land for K9 howitzer production in Australia
Hanwha Defense Co. announced Wednesday it has secured a large property in Australia for building a production facility for the K9 Thunder self-prope...
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...
Defense giants eager to bolster satellite business
In the era of space privatization, satellites are the driving forces.South Korea’s main defense systems makers are turning away from arms expo...
LG Energy, LG Chem deliver record results in 2021
South Korea's LG Energy Solution Ltd. and its parent company LG Chem Ltd. on Tuesday delivered their largest-ever results in 2021, as the increased ...
Construction Workers taps former Credit Union head as new CIO
Construction Workers Mutual Aid Association (CWMA) has named Lee Seong-yeong as its new chief investment officer and is in the final stage of the no...
LG Energy to spend $1.7 bn to hike Michigan battery capacity fivefold
The world’s second-largest electric vehicle battery maker LG Energy Solution Ltd. is spending $1.7 billion to expand its battery production ca...
Korea’s record trade deficit stirs capital outflow fears
South Korea reported the largest trade deficit on surging raw material prices in January, string worries that capital outflows from Asia’s fou...
Hanwha inks $1.7 bn K9 howitzer deal to Egypt
Hanwha Defense Co. signed a contract to sell K9 self-propelled howitzers to Egypt on Tuesday in a deal worth over 2 trillion won ($1.7 billion.)Of t...
LG Energy: Will joining indices rescue stock from its plunge?
LG Energy Solution Ltd., the world’s No. 2 battery maker, will gain quick entry to two MSCI indices in mid-February as well as join Ko...
Kospi melts as Fed, LG Energy spur foreign selling
South Korean stocks lost ground with the main index entering a bear market on Thursday as foreign investors intensified their selling after the US F...
SKC co-invests $80 mn in battery materials maker Nexeon
Chemical materials producer SKC Co. said on Jan. 26 its consortium has completed an $80 million investment in UK battery materials startup Nexeon ...
