korea lg induction us
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Chemical Industry
LG Chem promises extra $14.4 million in aid over Indian gas leak
South Korea’s top chemicals maker LG Chem Ltd. said on Wednesday it will offer an additional 1.2 billion Indian rupees ($14.4 million) in huma...
Jul 10, 2024 (Gmt+09:00)
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Pension funds
Samsung, SK Hynix lead value increase in Korea NPS' local shares in Q2
The second-quarter rally of Samsung Electronics Co. and SK Hynix Inc. shares drove a value increase in the domestic stock asset held by South Korea&...
Jul 10, 2024 (Gmt+09:00)
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The KED View
Don’t dwell on Korea discount; light up visibility on global stage
To the world, South Korea is well known as home to the world’s top two memory chipmakers, Samsung Electronics Co. and SK Hynix Inc., but it is...
Jul 10, 2024 (Gmt+09:00)
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Batteries
SK Innovation to host Global Forum in US
South Korea's SK Innovation Co. announced on Wednesday that it will host the “SK Innovation Global Forum” on July 13 in San Jose, Califo...
Jul 10, 2024 (Gmt+09:00)
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Travel & Leisure
Korea’s taxi app i.M ties up with MK Group to land in Japan
South Korea’s premium ride-hailing app i.M joined hands with Japan’s taxi operator MK Group to allow each platform's customers to use bo...
Jul 09, 2024 (Gmt+09:00)
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Korean startups
Law&Company vows to go global with AI legal assistant
Law&Company Co., the operator of South Korea’s largest legal advice app LawTalk, will venture into the US legal tech market in five years ...
Jul 09, 2024 (Gmt+09:00)
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Electronics
LG Elec, Tennessee Titans renew sponsorship
LG Electronics Inc. announced on Tuesday that it renewed a three-year expansion to its official partnership with the Tennessee Titans, an NFL team b...
Jul 09, 2024 (Gmt+09:00)
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Energy
POSCO International completes Korea’s first non-state-run LNG terminal
POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., said on Tuesday i...
Jul 09, 2024 (Gmt+09:00)
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Energy
Korea’s GS Entec to invest $217 mn in wind power business
South Korea’s GS Entec Corp. is set to invest 300 billion won ($216.8 million) in facilities to manufacture wind power equipment as it shifts ...
Jul 09, 2024 (Gmt+09:00)
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Artificial intelligence
Korea’s edtech startups defend against global giants with AI
South Korea’s major online adult education platforms improved their earnings powered by classes on artificial intelligence, defying concerns o...
Jul 09, 2024 (Gmt+09:00)
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Food & Beverage
FG Korea to open Five Guys stores in Japan
FG Korea, the operator of the American handcrafted hamburger brand Five Guys in South Korea, will open its stores in Japan in the second half of nex...
Jul 09, 2024 (Gmt+09:00)
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Bio & Pharma
GC Biopharma exports Alyglo to US
South Korea’s major pharmaceutical company GC Biopharma Corp. announced on Monday that it shipped the initial volume of Alygro, its immunoglob...
Jul 09, 2024 (Gmt+09:00)
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Korean stock market
Kospi on upward run; individual investors turn bearish
South Korean individual investors are strongly betting on a drop in domestic share prices, in contrast to foreign investors’ aggressive buying...
Jul 08, 2024 (Gmt+09:00)
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Real estate
Korea’s POBA to invest $109 mn in Koramco’s office REIT
South Korea’s Public Officials Benefit Association (POBA) is set to commit 150 billion won ($108.5 million) in preferred stocks for offices in...
Jul 08, 2024 (Gmt+09:00)
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Earnings
LG Energy’s Q2 profit hurt by EV slowdown, expects Q4 improvement
LG Energy Solution Ltd., one of the world’s top three battery makers, on Monday posted a smaller quarterly profit, hurt by sluggish global ele...
Jul 08, 2024 (Gmt+09:00)
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Travel & Leisure
KTO holds Visit Korea Alliance exhibition for foreigners
The Korea Tourism Organization (KTO) announced on Monday that it will hold a VK Alliance Products and Services Special Exhibition for foreigners thr...
Jul 08, 2024 (Gmt+09:00)
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Korean stock market
Foreign net buying of S.Korean stocks hits all-time high
Offshore investors net purchased nearly 23 trillion won ($16.7 billion) worth of South Korea-listed stocks in the first half of this year. The buyin...
Jul 08, 2024 (Gmt+09:00)
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Automobiles
GM Korea supplier Erae cs eyes revival by unit sales
A controlling stake in Erae AMS Co., formerly Delphi Automotive Systems’ South Korean affiliate, is on sale with eight potential bidders eyein...
Jul 08, 2024 (Gmt+09:00)
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Energy
S. Korea may join offshore wind alliance to take on China
South Korea is considering teaming up with a global body formed to cope with China’s rapid expansion in the world’s wind power industry ...
Jul 08, 2024 (Gmt+09:00)
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Electronics
Samsung, SK, LG vie for glass substrate market in AI era
South Korea’s household names Samsung, SK and LG have entered a new race to win the glass substrate market set to surge in the artificial inte...
Jul 08, 2024 (Gmt+09:00)
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Real estate
NPS-backed new prime office building in Seoul struggles with poor demand
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is seeing little demand for a Seoul-based new prim...
Jul 05, 2024 (Gmt+09:00)
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Corporate restructuring
Affinity-backed SSG.COM offers 1st voluntary redundancies
Money-losing SSG.COM, once the most popular online shopping mall in South Korea, is asking some of its employees to volunteer to leave the company f...
Jul 05, 2024 (Gmt+09:00)
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Earnings
LG Elec logs record Q2 earnings on home appliances, car parts
South Korean tech giant LG Electronics Inc. is expected to log its record second-quarter revenue and operating profit thanks to robust sales of home a...
Jul 05, 2024 (Gmt+09:00)
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Beauty & Cosmetics
S.Korea's Vegan J. enters Amazon USA
South Korean eco-friendly cosmetic brand Vegan J. announced on Friday that it sells its products on Amazon, the largest e-commerce platform in the U...
Jul 05, 2024 (Gmt+09:00)
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Machinery
S.Korea promotes export of $3.8 bn railcars to Morocco
The South Korean government is promoting exporting Korean-style railway cars (K-rail), including high-speed trains worth $3.8 billion, to Morocco.Th...
Jul 05, 2024 (Gmt+09:00)
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Batteries
Samsung SDI to ink $726 mn ESS deal with NextEra Energy
Samsung SDI Co., the world’s sixth-largest electric vehicle cell maker, is set to provide batteries for energy storage systems (ESS) to NextEr...
Jul 05, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Cosmax mulls building cosmetics factory in Latin America
Cosmax Inc., South Korea's biggest cosmetics original development and design manufacturer (ODM), is considering building a new offshore plant in Lat...
Jul 04, 2024 (Gmt+09:00)
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Batteries
Time to revive innovator spirit: LG Energy Solution CEO
South Korea’s top battery maker LG Energy Solution Ltd., also the world’s No. 3, must accelerate innovation and prop up fundamentals to ...
Jul 04, 2024 (Gmt+09:00)
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Automobiles
LG Elec selected as Volkswagen's top supplier
LG Electronics Inc. was named the top supplier by Germany's Volkswagen Group. According to industry sources on Thursday, LG Electronics received the...
Jul 04, 2024 (Gmt+09:00)
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Korean chipmakers
Doosan Tesna to invest $160 mn in chip testing plant in Korea
South Korea’s Doosan Tesna Inc. will build a semiconductor testing factory in the country with an investment of 220.6 billion won ($159.7 mill...
Jul 04, 2024 (Gmt+09:00)
Latest News
- 1 LG Chem closes $1 bn water filter division sale to Glenwood PE
- 2 Hyundai Motor-backed Motional names AI veteran Laura Major as CEO
- 3 President Lee: Businesses at center of policy priorities for economic growth
- 4 Samsung supplies HBM3E to AMD’s new accelerators
- 5 Seoul agrees to reduce Jakarta’s KF-21 cost share by two thirds