POSCO, Orsted form offshore wind and hydrogen partnership

South Korea’s steelmaker POSCO has taken another big step in accelerating the industry’s shift toward renewable energy. POSCO said on Ma...

POSCO chairman: Future at stake without co's hydrogen push

Choi Jeong-woo, chairman of POSCO, South Korea’s largest steelmaker, said it’s no exaggeration to say that the company’s future is...

Hyundai Motor’s new XCIENT truck raises hydrogen game in Europe

South Korea’s top automaker Hyundai Motor Co. has unveiled an upgraded version of its fuel cell truck XCIENT, turning up the heat on rivals in...

Hyundai Motor chairman vows to go carbon neutral, stresses electrification

Chung Euisun, chairman of Hyundai Motor Group, has vowed to go carbon neutral in the group's processes, from automaking to vehicle disposal, in a mo...

Concurrent deal closings by Kakao, Naver: Mere coincidence?

Early this month, when Anchor Equity Partners was in intense negotiations with Kakao Corp. over the terms of its 600 billion won ($530 million) inve...

Lotte Chem in hydrogen deal with Air Liquide, invests $185 mn in materials

South Korea’s Lotte Chemical Corp. is diversifying into electric vehicle raw materials and hydrogen businesses as new growth drivers, moving a...

Kakao Japan secures over $500 mn from Anchor Equity; valuation tops $7 bn

Kakao Corp.’s Japanese unit is set to secure 600 billion won ($530 million) from South Korea-based private equity firm Anchor Equity Partners....

LG Chem's water filter business thrives amid high demand in Middle East

LG Chem Ltd., the parent company of South Korea’s leading battery maker LG Energy Solution Co., is enjoying a strong rise in demand for its wa...

Woori Financial takes over Franklin Templeton’s retail fund business

Woori Financial Group has been selected to acquire Franklin Templeton Investments’ retail fund business in South Korea, less than a month sinc...

Hanwha Group secures $4.4 bn from KDB to finance ESG business

South Korea’s Hanwha Group has clinched a 5 trillion won ($4.4 billion) commitment from the state-run Korea Development Bank over the next fiv...

Eight of top 10 Korean conglomerates betting on hydrogen

There was a time when virtually all major South Korean firms were racing to make something big and heavy. Power plants, offshore oil and gas constru...

Korea’s major firms look for M&A targets in battery materials business

South Korea’s major companies are looking for merger and acquisition opportunities in the rechargeable battery materials sector, which is grow...

Korean Air joins race for flying car business to rival Hyundai, Hanwha

Korean Air Lines Co. is entering into the business of urban air mobility (UAM), which is emerging as one of the most futuristic modes of transportat...

LG Electronics expects auto parts business to turn profitable in H2

South Korea’s LG Electronics Inc. said on Thursday it expects its loss-making auto parts business to turn to profit in the second half of this...

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 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...

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...

Hyundai Motor, BTS celebrate Earth Day with hydrogen campaign

South Korea’s top automaker Hyundai Motor Co. and global K-pop boyband sensation BTS have collaborated to urge people to protect the environ...

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 Oilbank, Air Products sign MOU to make hydrogen

Hyundai Oilbank Co., the oil refining unit under Hyundai Heavy Industries Holdings Co., has joined hands with US gas and chemical company Air Produc...

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...

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...

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 ...

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, ...

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...