LG Chem flies lithium-sulfur battery-loaded aircraft into stratosphere

LG Chem Ltd. has completed a test flight of an unmanned plane in the stratosphere using its lithium-sulfur battery for the first time in South Korea.T...

LG Chem flew lithium-sulfur battery-loaded aircraft into the stratosphere.

LG Chem Ltd. has completed a test flight of an unmanned plane at the highest altitude using its lithium-sulfur battery for the first time in South Kor...

Samsung to make Nvidia’s latest gaming chips in stepped-up foundry business

Samsung Electronics Co. will manufacture Nvidia Corp.’s latest gaming chips as the South Korean tech giant aims to expand its presence in the fo...

Korean battery makers take charge in global EV market outperforming rivals

South Korean battery makers LG Chem Ltd., Samsung SDI Co., and SK Innovation Co. are steaming ahead in the global electric vehicle market pulling in a...

Korean ESS companies ramp up overseas business eyeing 40% revenue hikes

South Korean tech heavyweights Samsung SDI Co. and LG Chem Ltd. are expected to expand their market share as they secure hefty energy storage system (...

Korean manufacturers tangled in EV battery feud; Korean court rules in favor of LG Chem

The Seoul Central District Court has upheld the validity of LG Chem Ltd.'s patent infringement case in the US against SK Innovation Co. in its fi...

Korean Air seals $835 mn in-flight business sale to private equity firm

Korean Air Lines Co. Ltd. signed a definitive agreement on August 25 to sell its in-flight duty-free and meal service business to South Korea’s ...

CJ Logistics seeks to sell construction business; Credit Suisse named as advisor

CJ Logistics Corp. is seeking to sell its profit-making construction business as part of its parent group’s restructuring scheme.The logistics s...

Korea’s leading EV battery makers’ R&D spending hits record $1 bn in H1

South Korea’s three leading electric-vehicle (EV) battery makers are investing heavily in EV research & development projects to gain ground ...

Samsung ramps up foundry business as manufacturer of IBM's 7nm CPU

Global electronics giant Samsung Electronics' foundry plant is set to manufacture IBM's POWER10 Processor -- the company's first 7-nanometer...

Korean EV battery makers' shares tumble on Morgan Stanley downgrade

Shares of South Korea’s three leading electric-vehicle (EV) battery makers LG Chem Ltd, SK Innovation Co. and Samsung SDI Co. fell 5% on August ...

SK Lubricants up for sale as parent firm bulks up EV battery business

SK Innovation Co. Ltd., the single shareholder of SK Lubricants Co. Ltd., has put the lube base oil supplier up for sale as the parent company seeks n...

Large-cap stocks lead KOSPI’s rally; more gains seen as laggards play catch-up

South Korea’s large-cap stocks have posted hefty gains in recent trade, driving the liquidity-driven markets higher after robust second-quarter ...

Foreign insurers’ Korean units likely up for sale on tougher rules, falling profits

Following in the footsteps of Prudential Financial Inc., foreign insurance companies are expected to put their Korean units up for sale to meet tighte...

Hanwha taps into ESS business by acquiring 100% stake in US-based Geli

Hanwha Q CELLS has acquired a 100% stake in the energy software company Growing Energy Labs, Inc (Geli) in a move to step up its energy business in th...

Korea’s EV battery trio, led by LG Chem, emerge as market’s top picks

South Korea’s three electric-vehicle battery makers have become the local market’s top picks as their combined market capitalization nearl...

US insurer Cigna’s Korean unit says no decision yet on its possible sale

LINA Life Insurance Co., wholly owned by the US life insurance group Cigna, said on August 6 that its parent group has not made a decision to sell the...

Korean game platform seeks $323 mn IPO in non-contact business boom

Kakao Games Corp., a unit of South Korea’s top mobile messaging app operator, is seeking to raise up to 384 billion won ($323 million) from an i...

Korean logistics centers see high demand from untact businesses amid global pandemic

Logistics center operations in Korea have remained strong amid the global pandemic on account of e-commerce and third-party logistics' ...

Local activist fund KCGI opposes Korean Air's sale of in-flight businesses

Korea Corporate Governance Improvement (KCGI), a local activist private equity fund, is unhappy with Korean Air Lines Co. Ltd's decision to sell ...

Korean Air to sell in-flight business to Hahn & Company for about $840 mn

Korean Air Lines Co. Ltd. has tentatively agreed to sell its in-flight duty free and meal service units to the country's second-largest private equity...

US hedge fund calls on Korean Air to sell baggage handling unit

A US hedge fund with a stake in Korea Airport Service Co. Ltd. (KAS), a majority owned by Korean Air Lines Co. Ltd., is calling on the carrier to sell...

Prudential to sell Korean unit to KB Financial for $1.9 bn

Prudential Financial Inc. has decided to sell its South Korean insurance arm to KB Financial Group for about 2.3 trillion won ($1.9 billion) and will ...

eBay puts South Korean unit up for sale in $4 bn deal

eBay Inc. has decided to sell 100% of its South Korean operations which it valued at about 5 trillion won ($4 billion), the latest in a series of reor...

DTCP to scale Korean start-ups into global unicorns

Deutsche Telekom CEO Tim Hoettges visited SK Telecom in June and discussed ways to collaborate in 5G mobile communication services. The two companies ...

Hanwha Group units underwrite $240 mn debt on US car park operator

Hanwha Investment & Securities Co. Ltd. and two other financial arms of South Korea’s Hanwha Group have underwritten $240 million of a 30-year deb...

KKR hires Macquarie Korea’s exec for infrastructure business

KKR & Co. has hired a key investment manager of Macquarie Korea in a new hire of senior staff to expand Asia infrastructure business. Keith Kim, ...

KEPCO unit-German fund buys Sweden’s wind project for $300 mn

Korea Midland Power Co. Ltd., a unit of South Korea’s utility giant KEPCO, has acquired a wind power project in Sweden in a consortium with a German p...

Keppel Group unit set to net $250 mn from value-add deals in Seoul

Alpha Investment Partners, part of Singapore-based Keppel Capital, is set to secure over $250 million from selling two Seoul office buildings for arou...

United Partners invests $62 mn in Dallas office building mortgage

South Korea-based United Partners Asset Management Co. Ltd. has invested about 70 billion won ($62 million) in a senior debt on a three-building offic...