internal carbon pricing system

SK Group has pledged to achieve carbon neutrality prior to 2050, the year set by the United Nations (UN) to reach net-zero carbon emissions globally...

The recent asset price rises in South Korea, in particular in the equities and real estate markets, have been too rapid, even considering an expecte...

The preliminary bidding to acquire South Korea’s auto parts supplier Hanon Systems Corp. has drawn overseas-based bidders only, with the stron...

Last week’s devastating fire at a Coupang distribution center, which reportedly burned down more than 16 million items for delivery, is expect...

GS Group has become South Korea’s first business group to purchase carbon-neutral crude oil, in a move to strengthen its ESG efforts.South Kor...

Shinsegae Group has inched closer to a deal to acquire eBay Korea that would see the South Korean retail giant emerge as an e-ecommerce behemoth wit...

The blurring of industry boundaries and increasing new opportunities in the pandemic era are driving major Korean companies to split businesses into...

South Korea’s Hyundai Motor Group will provide its hydrogen fuel cell system to the world’s first touring race for electric vehicles, Hy...

Samsung Electronics Co. is forecast to keep its memory leadership amid growing competition, although the South Korean tech giant has some catching u...

South Korea’s Hanwha Systems Co. is set for a successful rights offering as the defense and air mobility unit of Hanwha Group has garnered str...

The stock prices of South Korea’s two leading travel agencies, HanaTour Service Inc. and Modetour Network Inc., have skyrocketed in 2021 with ...

SK Inc., the holding and investment company of SK Group, has made another big investment in the US hydrogen segment.On Jun. 3, SK said that it bough...

Luxury brands are hiking up prices in South Korea. Designers such as Hermes, Louis Vuitton and Chanel have increased their prices in Korea this year...

South Korea’s automakers are facing a drastic increase in manufacturing costs. Raw material prices are soaring and the global chip shortage re...

South Korea’s three leading tire makers are set to raise prices of commercial and passenger vehicle tires on growing demand from automakers an...

OCI Co., a South Korean chemical and green energy company, has been in the red for years, weighed by weak prices of its mainstay product polysilicon...

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...

Hanwha Systems Co., which leads the satellite communication and urban air mobility (UAM) businesses of South Korea's Hanwha Group, is set to launch ...

SK Bioscience Co. has secured additional funding for phase III clinical trial of GBP510, its COVID-19 vaccine candidate jointly developed with the I...

South Korea’s Halla Group is joining the race for the purchase of auto parts supplier Hanon Systems Corp. -- a deal, if reached at the top end...

South Korea’s telecom and content giant KT Corp. is receiving renewed interest this year among stock market investors and financial analysts, ...

Office building prices in downtown Seoul set a fresh record high this month, with the highest price of one pyeong, or 3.3 square meters, surpassing ...

The sale process of a near-70% stake in South Korean auto parts supplier Hanon Systems Corp. has kicked off, attracting a pool of strategic investor...

The National Pension Service has shelved a plan to introduce negative screening on coal mines and relevant businesses in an aim to build a low-carbo...

The initial public offering price of South Korea’s SK IE Technology Co. has been set at the top end of the proposed band, reflecting a recor...

LG Display Co., a major South Korean display panel maker, has been in the red for years, weighed by subdued panel prices amid a supply glut caused b...

Evercore Inc., a New York-based boutique investment banking advisory firm, is joining hands with Morgan Stanley to co-manage the sale of a majority ...

A rapid increase in liquid crystal display (LCD) panel prices has sharply narrowed the price gap between LCD panels and organic light-emitting diode...

South Korea's LG Chem Ltd. has completed an extension of its production line for carbon nanotubes (CNTs), known as a wonder material for its strengt...

South Korea’s Hankook Tire & Technology Co. plans to divest of its 19.5% stake in Hanon Systems Corp., an auto parts maker, in a move that...