Hyundai-LG battery JV in Indonesia to power IONIQ 5, other EVs: Chung

Hyundai Motor Co.'s battery joint venture with LG Energy Solution Ltd. in Indonesia will become the South Korean carmaker’s battery manuf...

POSCO to lead Korea-Australia hydrogen, minerals partnership

POSCO Group, South Korea’s largest steelmaker, will lead the country's efforts to cement a partnership with Australia in a broader range of ar...

S.Korea's Eximbank, Australia's EFA sign MOU on mineral supply chains

The Export-Import Bank of Korea (Eximbank) on Thursday in Seoul signed a memorandum of understanding with Export Finance Australia (EFA) on cooperat...

High price, quality issues slow Kia EV9 sales in Korea

Kia Corp., South Korea’s No. 2 automaker, is struggling to sell its flagship large all-electric sport utility vehicle EV9 at home as high pric...

SK C&C, Yonsei Univ. to develop digital manufacturing experts

South Korea's digital solutions provider SK C&C will open a master’s degree program at Yonsei University in Seoul to develop experts in di...

Samsung launches high-performance SSD 990 Pro 4TB

Samsung Electronics Co. announced on Thursday that it is set to release a 4-terabyte (TB) SSD in its high-performance 990 Pro series. The SSD is des...

Aramco, PIF chief to meet key South Korean figures this week

Yasir Othman Al-Rumayyan, chairman of the world’s top oil company Saudi Arabian Oil Co. (Aramco) and governor of the kingdom’s sovereign...

India, LG’s land of promise with young, rich population

NOIDA, India -- LG Electronics Inc., the leading global home appliance maker, plans to build a new electronics plant in India to cement its dominant...

Samsung narrows gap with TSMC in foundry market share

South Korea’s Samsung Electronics Co. has narrowed its market share gap with foundry leader Taiwan Semiconductor Manufacturing Co. (TSMC), pos...

SK Nexilis inks $1.5 bn copper foil deal with Envision AESC

SK Nexilis Co. has signed a 2 trillion won ($1.5 billion) contract to supply copper foil, a core material in electric vehicle cells, to Chinese seco...

Jackpot seekers boost Grand Hyatt Jeju's Aug sales to record high

Grand Hyatt Jeju within Jeju Dream Tower Integrated Resort posted its highest-ever revenue of 14.3 billion won ($10.8 million) in August, Lotte Tour...

SK On’s prismatic battery push fares well: Vice chair

MUNICH -- SK On Co. is making good progress in developing prismatic battery cells, its Senior Vice Chairman Chey Jae-won said on Tuesday, five month...

Samsung trio premiere future mobility solutions at IAA Mobility 2023

MUNICH, GERMANY – The automotive electronics and parts-making units of Samsung Group are making a grand debut together at this year’s IA...

S.Korea's Posco International secures graphite in Africa

South Korea's POSCO International Corp. is broadening its footprint in Africa's secondary battery raw material sector, with plans to secure an annua...

Hyundai Motor unveils N brand’s first EV IONIQ 5 N

Hyundai Motor Co. on Monday announced the launch of its first-ever high-performance electric vehicle (EV) of its N brand, the IONIQ 5 N.The new EV b...

Hyundai, LG to spend combined $7.6 bn to build EV, battery plants in US

Hyundai Motor Group and LG Energy Solution Ltd. will spend a combined $7.59 billion to build electric vehicle and battery cell plants in Georgia, th...

Samsung Welstory unveils robots for company cafeterias

South Korean food and beverage company Samsung Welstory Inc. is forming a robotic process automation (RPA) ecosystem in the food service sector. In ...

SK On unveils new material to improve EV battery capacity

SK On Co., the world’s fifth-largest electric vehicle cell maker, has unveiled a new material to improve its competitiveness in the solid-stat...

Hyundai to invest $398 mn in Korea Zinc for battery materials

Hyundai Motor Group, the global No. 3 automaker, is set to invest $398 million in Korea Zinc Inc., the world’s top lead and zinc smelter, for ...

Samsung releases SD card brand highly resistant to water, drops

Samsung Electronics Co. on Tuesday said its new Pro Ultimate line of secure data (SD) cards features enhanced speed and stability.The brand’...

S.Korea to develop ultra-low-power AI chips by 2030

South Korea will develop artificial intelligence (AI) chips by 2030 able to perform more than 10 trillion operations per second, while consuming ver...

LG Electronics to showcase high-efficiency appliances in Europe

LG Electronics Inc. is targeting the European market by releasing home appliances that exceed the highest grades of energy efficiency.The company on...

Korean firms fret over growing adoption of Chinese LFP batteries

South Korea’s three major battery makers – LG Energy Solution Ltd., SK On Co. and Samsung SDI CO. – are increasingly anxious about...

S.Korean battery trio face union risk in US after Ultium Cells’ wage deal

South Korean electric vehicle battery majors’ plan to run more than 10 EV battery manufacturing plants in the US may hit a snag due to the loo...

IS Dongseo buys EV battery recycling firm BTS Technology

IS Dongseo Co., a South Korean waste management company, has acquired Slovakia-based battery recycling company BTS Technology Ltd. for 37.5 billion ...

Koreans' Japanese yen savings hit record high in July

South Korean investors continued gobbling up the Japanese currency, which has remained weak against the Korean currency after retreating from a one-...

LG Group accelerates shift toward AI, bio and clean tech

Artificial intelligence, bio and clean tech are in their early stages of development for LG Group, but they should lead the South Korean conglomerat...

Schindler-invested Hyundai Elevator faces S.Korean activism

South Korea’s Hyundai Elevator Co., the No. 2 shareholder of which is Schindler Holding AG, has faced a request from a local activist investor...

Samsung set to supply HBM3, packaging services to AMD

South Korea’s Samsung Electronics Co., the world’s top memory chipmaker is poised to provide its high bandwidth memory (HBM) chips and t...

Ildong Pharma to export high blood pressure treatment to China

South Korea's Ildong Pharmaceutical Co. on Tuesday said it will export benidipine hydrochloride, a raw material used in the treatment of high blood ...