Hanwha E&C to expand offshore wind power business

Hanwha E&C to expand offshore wind power business

South Korea's Hanwha Engineering and Construction (E&C) on Tuesday concluded a business agreement on joint development of offshore wind power in...

Naver posts record 3Q sales boosted by content and commerce

Naver posts record 3Q sales boosted by content and commerce

South Korea's leading web portal Naver reported record-high sales in the third quarter thanks to surging growth in its content sector, including the...

Korea should open retail electricity market for renewables

Korea should open retail electricity market for renewables

South Korea on Oct. 26 officially launched the carbon neutrality commission based on laws for green growth, which took effect last March, amid the g...

Korea’s KHNP inks nuclear power plant deal with Poland

Korea’s KHNP inks nuclear power plant deal with Poland

Korea Hydro and Nuclear Power Co. (KHNP) signed an initial agreement for a nuclear power plant in Poland, paving the way to win an expected $30 bill...

Hyundai Motor to build more solar cell facilities to power Ulsan plant

Hyundai Motor to build more solar cell facilities to power Ulsan plant

South Korea’s top automaker Hyundai Motor Co. will build additional solar cell power generation facilities at its main plant in Ulsan amid a m...

Korea’s KHNP likely to sign nuclear power plant deal with Poland

Korea’s KHNP likely to sign nuclear power plant deal with Poland

Korea Hydro and Nuclear Power Co. (KHNP) is expected to sign an initial agreement to build a nuclear power plant in Poland, separate from a three-wa...

S.Korea to widen tech gap with global shipbuilding rivals

S.Korea to widen tech gap with global shipbuilding rivals

South Korea, the world’s largest shipbuilding country, will expand its production of high-value-added specialized vessels, such as liquefied h...

Samsung, Qualcomm unveil industry’s fastest LPDDR5X DRAM chip

Samsung, Qualcomm unveil industry’s fastest LPDDR5X DRAM chip

South Korean tech giant Samsung Electronics Co. said on Tuesday it has successfully proved the performance of its latest LPDDR5X DRAM on Qualcomm Te...

Kakao’s power outage casts doubts over growth strategies

Kakao’s power outage casts doubts over growth strategies

South Korea’s mobile platform giant Kakao Corp. is facing increasing concern over its growth strategies centered on business expansions throug...

Korean Presbyterian pension to tap GPs for alternative assets, equity

Korean Presbyterian pension to tap GPs for alternative assets, equity

Pension Foundation of Presbyterian Church of Korea (PCK Pension), a South Korean retirement plan for pastors and churches, is poised to hire several...

AI-powered translation startups tackle niche marketplaces

AI-powered translation startups tackle niche marketplaces

Artificial intelligence (AI)-driven translation has been dominated by big tech.Alphabet Inc.’s Google LLC is the global leader while Naver Cor...

Hyundai’s NEXO crossover tops world’s hydrogen vehicle market

Hyundai’s NEXO crossover tops world’s hydrogen vehicle market

Hyundai Motor Co.'s NEXO crossover has become the world’s best-selling hydrogen fuel cell electric vehicle (FCEV) in the first eight months of...

Japan, Spain firms join forces with Woojin for Korean bullet train bid

Japan, Spain firms join forces with Woojin for Korean bullet train bid

A Japanese company and a Spanish firm have joined hands with a South Korean company for a local bullet train supply deal as the country is expected ...

KSOE in $1.5 billion shipbuilding deals with Maersk, Excelerate Energy

KSOE in $1.5 billion shipbuilding deals with Maersk, Excelerate Energy

Korea Shipbuilding & Offshore Engineering Co. said on Wednesday it has clinched a 1.62 trillion won ($1.15 billion) order to build six methanol-...

SoftBank’s Son expected to meet Samsung's Lee for Arm M&A discussion

SoftBank’s Son expected to meet Samsung's Lee for Arm M&A discussion

SoftBank Group Corp. CEO Masayoshi Son, who also goes by the Korean name Son Jeong-ui, arrived in South Korea on Saturday. When asked about the purp...

Hyundai Rotem rolls out Korea’s fastest bullet train

Hyundai Rotem rolls out Korea’s fastest bullet train

Hyundai Rotem Co., a South Korean railway system maker under Hyundai Motor Group, has rolled out the country’s fastest bullet train that can r...

Doosan Enerbility wins $383 mn power plant deal from Saudi Arabia

Doosan Enerbility wins $383 mn power plant deal from Saudi Arabia

South Korea's major power plant builder Doosan Enerbility Co. said on Friday it has won a 540 billion won ($383 million) contract to build a combine...

S.Korea’s SK Gas expands LNG, hydrogen biz for future

S.Korea’s SK Gas expands LNG, hydrogen biz for future

ULSAN -- SK Gas Ltd., South Korea’s leading liquefied petroleum gas (LPG) supplier, is expanding its liquefied natural gas (LNG) and hydrogen ...

LG Elec., GS EPS join forces to produce, use solar power in Korea

LG Elec., GS EPS join forces to produce, use solar power in Korea

LG Electronic Inc. is set to produce solar energy to support 10% of the annual electricity consumption at its Changwon plant in South Korea.The firm...

Hyundai, Iveco unveil jointly developed hydrogen van

Hyundai, Iveco unveil jointly developed hydrogen van

South Korea's Hyundai Motor Co. and Italian truck maker Iveco Group on Monday showcased a large commercial van powered by hydrogen, which they had j...

DB HiTek develops automotive power semiconductor tech

DB HiTek develops automotive power semiconductor tech

DB HiTek Co., South Korea’s major foundry chipmaker, developed the automotive power semiconductor process technology to meet the increasing de...

Hanwha Solutions, GS Energy to produce sheets for solar power

Hanwha Solutions, GS Energy to produce sheets for solar power

South Korea’s Hanwha Solutions Corp., Hanwha Group’s energy services arm, is entering into a sizeable co-investment to strengthen its so...

Korea may limit NPS power on shareholder derivative suits

Korea may limit NPS power on shareholder derivative suits

South Korea may keep the National Pension Service (NPS), the world’s third-largest such fund, from increasing its power for shareholder deriva...

SK Ecoplant joins 2.6GW offshore wind power project in Korea

SK Ecoplant joins 2.6GW offshore wind power project in Korea

South Korea’s SK Ecoplant Co. signed an agreement on Monday to jointly develop a combined 2.6 gigawatt (GW) offshore wind power project in Kor...

Samsung C&T ties up with Korean firms for hydrogen biz

Samsung C&T ties up with Korean firms for hydrogen biz

Samsung C&T Corp., the construction and trading arm of Samsung Group, has joined forces for the clean hydrogen businesses with South Korean comp...

Hyundai CEO says on track for hydrogen-fueled NEXO’s new model

Hyundai CEO says on track for hydrogen-fueled NEXO’s new model

Hyundai Motor Co. is on track to develop a revamped model of its hydrogen fuel car NEXO, its chief executive said on Wednesday, as the South Korean ...

S.Korea to raise nuclear power to one third of energy supply

S.Korea to raise nuclear power to one third of energy supply

South Korea plans to increase its proportion of nuclear power to 33% of the country’s energy generation by 2030, while slashing its proportion...

Washington, Seoul to hold formal talks on US EV tax credit act

Washington, Seoul to hold formal talks on US EV tax credit act

WASHINGTON D.C. – South Korea and the United States have agreed to launch formal negotiations over ways to address the negative impacts of the...

Naver Webtoon to pursue profitability with more paying subscribers

Naver Webtoon to pursue profitability with more paying subscribers

South Korea’s Naver Webtoon Corp. is seeking to increase the number of its paying subscribers as the company is shifting its business paradigm...

Hyundai, Ultra Safe Nuclear sign micro reactor procurement agreement

Hyundai, Ultra Safe Nuclear sign micro reactor procurement agreement

Hyundai Engineering Co., the plant engineering and construction arm of Hyundai Motor Group, announced on Friday that it signed a framework agreement...

JKL Partners to acquire $150 mn cult-favorite bagel chain London Bagel Museum Kolon's early bets on para-aramid recovery pays off amid AI boom Shinsegae chair likely to head Asian arm of pro-Trump Rockbridge S.Korea’s leading ERP player Douzone Bizon up for sale; EQT Partners in talks MSCI maintains S.Korea’s emerging-market status; level playing field required