S.Korea's fund of funds to form new fund worth $215 mn with VCs in the US

S.Korea's fund of funds to form new fund worth $215 mn with VCs in the US

NEW YORK – The South Korean government is poised to tap into its fund of funds to form a joint investment fund with venture capital firms in t...

Battery maker SK On sweetens $1.4 bn fundraising deal

Battery maker SK On sweetens $1.4 bn fundraising deal

SK On Co., the world’s fifth-largest rechargeable battery maker, has sweetened its deal to attract 2 trillion won ($1.4 billion) in new share ...

Hyundai Heavy to adopt Palantir's big data platform

Hyundai Heavy to adopt Palantir's big data platform

South Korea’s Hyundai Heavy Industries Group said on Wednesday that it has signed a contract with Palantir Technologies Inc., a US data analyt...

Korean PM Han says EV tax credits may violate FTA rules

Korean PM Han says EV tax credits may violate FTA rules

The US Inflation Reduction Act (IRA) appears to have violated the Free Trade Agreement (FTA) between the country and South Korea, Korean Prime Minis...

S.Korea cuts US Treasury holding by $18.9 bn in Jan-July

S.Korea cuts US Treasury holding by $18.9 bn in Jan-July

South Korea had sold a net $18.9 billion of US Treasury bonds in the first seven months of this year, data showed, as foreign exchange authorities w...

Startup minister vows to support Korean firms' entry into overseas markets

Startup minister vows to support Korean firms' entry into overseas markets

South Korea’s startup minister Lee Young vowed to support the country’s startup ecosystem on Sunday, during her tour to the United State...

Korea battery, chip companies fail to reboot IPO market

Korea battery, chip companies fail to reboot IPO market

South Korea’s battery and semiconductor companies, stock investors’ favorites, failed to revive the local initial public offering market...

Korean won rebounds on estimated $2 bn intervention

Korean won rebounds on estimated $2 bn intervention

The South Korean won rebounded on Friday as the foreign exchange authorities were suspected of selling some $2 billion, showing its determination to...

Korea vows favorable taxation for US, foreign firms

Korea vows favorable taxation for US, foreign firms

South Korea's National Tax Service (NTS) and the American Chamber of Commerce in Korea (AMCHAM) held a meeting on Sept. 16 to discuss favorable ta...

Seoul pushes for battery recycling to bypass US bill

Seoul pushes for battery recycling to bypass US bill

South Korea will step up policy efforts to promote battery recycling, which might help the country get around the new US bill aimed at keeping elect...

South Korea’s uncomfortable place between US and China

South Korea’s uncomfortable place between US and China

South Korea has long known what it feels like to be “sandwiched.” This was how Samsung’s Lee Kun Hee in 2007 described the economy&r...

South Korea bans L&F from building a battery material plant in US

South Korea bans L&F from building a battery material plant in US

The South Korean government has banned L&F Co., a battery materials maker, from building a new plant in the US amid a controversy over the Infla...

EV materials maker EcoPro tops the buy list of Korean stocks

EV materials maker EcoPro tops the buy list of Korean stocks

Shares in EcoPro BM Co., a cathode material maker used in electric vehicle batteries, topped the list of South Korean stocks, for which an increased...

Hyundai Glovis receives $1.6 bn order from global carmaker

Hyundai Glovis receives $1.6 bn order from global carmaker

Hyundai Glovis announced on Wednesday that it received an order worth 2.2 trillion won ($1.6 billion) from a global carmaker, a record-high vehicle ...

Biden’s move to beef up US bio industry poses threat to Korean firms

Biden’s move to beef up US bio industry poses threat to Korean firms

President Joe Biden’s plan to support the US biomanufacturing infrastructure aimed at containing China’s clout is posing a threat to Sou...

Hyundai to build Santa Fe hybrid at Alabama plant ahead of schedule

Hyundai to build Santa Fe hybrid at Alabama plant ahead of schedule

South Korea’s top automaker Hyundai Motor Co. will manufacture a hybrid version of its signature SUV, the Santa Fe, in Alabama, earlier than p...

Hanmi’s anti-cancer drug Rolontis gets FDA approval; US sale via Spectrum

Hanmi’s anti-cancer drug Rolontis gets FDA approval; US sale via Spectrum

South Korea’s Hanmi Pharmaceutical Co. said on Tuesday that Rolontis, an anti-cancer drug it has jointly developed with its US partner, has ob...

US chipmaking association chief stresses Chip 4 Alliance not about China

US chipmaking association chief stresses Chip 4 Alliance not about China

John Neuffer, president and CEO of the United States Semiconductor Industry Association (SIA), visited South Korea earlier this week on the primary ...

Hanjin KAL loses one-third of value as management issues fade

Hanjin KAL loses one-third of value as management issues fade

Shares in South Korea’s Hanjin KAL Co. have wiped out one-third of its value in the past two weeks after one of its major shareholders, once a...

Steelmaker Husteel's operating profit skyrockets 579% in first half

Steelmaker Husteel's operating profit skyrockets 579% in first half

Shares of Husteel, the only public company within the golf course giant Shinan Group, have doubled in price in the last three months. Industry ...

Broadcom not to force S.Korean tech companies on deals

Broadcom not to force S.Korean tech companies on deals

US chipmaker Broadcom Inc. has pledged to cease putting undue pressure on Samsung Electronics Co. and other South Korean tech companies to sign deal...

LG Elec unveils new NFT platform, aims to turn living room into art gallery

LG Elec unveils new NFT platform, aims to turn living room into art gallery

LG Electronics Inc. announced Monday it has launched its very own non-fungible token (NFT) platform, LG Art Lab. Now available in the United St...

Hyundai, Kia post record sales in the US, poised to overtake Toyota

Hyundai, Kia post record sales in the US, poised to overtake Toyota

Hyundai Motor Co. and Kia Corp. saw their monthly car sales rise to record highs in the US where carmakers will soon be ineligible for state subsidi...

Korea resolution on US EV incentives passes parliament

Korea resolution on US EV incentives passes parliament

South Korea’s lawmakers on Thursday passed a resolution to officially express its concerns over the US Inflation Reduction Act (IRA) that remo...

SK Ecoplant bets on US battery recycling firm Ascend Elements

SK Ecoplant bets on US battery recycling firm Ascend Elements

South Korea’s SK Ecoplant Co., formerly SK Engineering & Construction Co., signed a stock purchase agreement (SPA) on Aug. 31 to invest $5...

Precision Biosensor enters Italy with chemical test kits

Precision Biosensor enters Italy with chemical test kits

South Korea’s diagnostic devices supplier Precision Biosensor Inc. has signed an export contract with Italian medical device company Borden Ch...

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...

Hankook Tire to spend $1.6 bn on US plant expansion

Hankook Tire to spend $1.6 bn on US plant expansion

Hankook Tire & Technology Co., South Korea’s top tire maker, will invest $1.6 billion to more than double its output in the US, the world&...

LG Energy, Honda to form JV for EV battery production in the US

LG Energy, Honda to form JV for EV battery production in the US

LG Energy Solution Ltd. announced on Monday that it reached an agreement with Honda Motor Co. to establish a joint venture company to produce lithiu...

Hyundai asks US state of Georgia for more incentives

Hyundai asks US state of Georgia for more incentives

Hyundai Motor Co. discussed additional incentives on its planned electric vehicle plant in Georgia with the US state's government as the leading Sou...

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