One in 10 Koreans rushes for LG Energy shares ahead of $8.6 billion IPO

One in 10 Koreans rushes for LG Energy shares ahead of $8.6 billion IPO

The world’s second-largest electric vehicle battery maker LG Energy Solution Ltd. has set a new record for initial public offering demand, wit...

Kospi in lethargic trade ahead of LG Energy debut

Kospi in lethargic trade ahead of LG Energy debut

South Korea's benchmark stock index Kospi declined to its lowest closing level in one and a half months on Monday, moving in the opposite direction ...

SK Networks invests $20 mn in vegan leather producer

SK Networks invests $20 mn in vegan leather producer

SK Networks Co. announced Friday it has invested $20 million in California-based biotech startup MycoWorks. The general trading arm of South ...

LG Energy IPO fever lifts Korea’s battery stocks

LG Energy IPO fever lifts Korea’s battery stocks

LG Energy Solution Ltd., the world’s No. 2 battery maker, attracted a record $9.65 trillion demand for South Korea’s largest-ever initia...

2022 Mercedes EQS EV comes with LG's flexible OLED

2022 Mercedes EQS EV comes with LG's flexible OLED

The 2022 models of Mercedes-Benz AG's electric vehicle EQS will be equipped with infotainment systems co-developed with LG Electronics Inc., the Sou...

LG Energy sets new IPO record with $9.65 trillion investor demand

LG Energy sets new IPO record with $9.65 trillion investor demand

LG Energy Solution Ltd., the world’s second-largest battery maker, has set a new record for an initial public offering with demand for its sha...

SK Networks invests in AI-based US healthcare startup LVIS

SK Networks invests in AI-based US healthcare startup LVIS

South Korea’s SK Networks Co. said on Tuesday it joined a $15 million in Series B-2 funding for US healthcare startup LVIS Corp.LVIS, headquar...

Tighter rules on business split-ups may benefit SK Inc.

Tighter rules on business split-ups may benefit SK Inc.

As South Korean securities regulators are moving to tighten their grip on the growing trend of splitting up businesses and listing the spun-off arms...

LG Energy takes on CATL as it prepares for Korea’s largest-ever IPO

LG Energy takes on CATL as it prepares for Korea’s largest-ever IPO

LG Energy Solution Ltd. has vowed to outrival the world’s top battery player CATL as the South Korean company is preparing for the country&rsq...

LG Household’s China strategy put to test as shares crash

LG Household’s China strategy put to test as shares crash

LG Household & Health Care Ltd.’s shares have been flying high since its market debut in 2001, and have more recently basked in the global...

SK invests $350 mn in US CDMO firm

SK invests $350 mn in US CDMO firm

SK Inc., the holding company of SK Group, announced Sunday that it invested $350 million into Pennsylvania-based Center for Breakthrough Medicines (...

SK Pharmteco to raise up to $498 mn on $5 bn valuation

SK Pharmteco to raise up to $498 mn on $5 bn valuation

SK Pharmteco, a contract development and manufacturing organization (CDMO) for pharmaceuticals, is slated to raise 400 billion ($332.2 million) to 6...

SK subsidiaries form ICT alliance

SK subsidiaries form ICT alliance

South Korea’s third-largest chaebol, SK Group, announced its plans to launch a consultative body to create synergy among its three subsidiar...

SK, Qualcomm discuss cooperation on memory chips

SK, Qualcomm discuss cooperation on memory chips

LAS VEGAS – Chief executives of South Korea's energy-to-telecom conglomerate SK Group on Thursday met with Qualcomm CEO Cristiano Amon and dis...

Kospi short sales hit $639 mn amid rate hike woes

Kospi short sales hit $639 mn amid rate hike woes

Short selling on the Korean stock market is soaring rapidly on concerns over the US Fed Reserve’s interest rate hike. Particularly, a large ...

Self-driving car stocks to lead auto sector shares in 2022

Self-driving car stocks to lead auto sector shares in 2022

Self-driving car-related shares failed to draw attention last year as investors focused on electric vehicles and the autonomous vehicle value chain ...

LG Chem, China’s Huayou Cobalt to build battery metal JV in Korea

LG Chem, China’s Huayou Cobalt to build battery metal JV in Korea

South Korea’s top chemical maker LG Chem Ltd. will partner with China’s Zhejiang Huayou Cobalt Co. to launch a battery material joint ve...

LG welcomes Samsung’s likely re-entry into OLED TV market

LG welcomes Samsung’s likely re-entry into OLED TV market

Samsung Electronics Co.'s expected re-entry into the OLED TV market will further expand the growing segment, which is gaining popularity in the...

SK Telecom taps AI expert as new technology chief

SK Telecom taps AI expert as new technology chief

SK Telecom Co., South Korea's top mobile carrier, has tapped its e-commerce arm's chief executive and artificial intelligence (AI) expert Lee Sang-h...

From TV to window: New displays from Samsung and LG

From TV to window: New displays from Samsung and LG

Samsung Electronics Co. and LG Display Co., the two archrivals in the TV panel market, are unveiling new displays with enhanced picture and sound qu...

Korea mulls measures on Indonesia’s coal export ban

Korea mulls measures on Indonesia’s coal export ban

South Korea is preparing measures to secure coal as Indonesia, the world’s largest supplier of thermal coal, banned exports of the commodity t...

SK Telecom and KT to compete in AI chipmaking 

SK Telecom and KT to compete in AI chipmaking 

SK Telecom Co. and KT Corp. are poised to go head to head in manufacturing chips for artificial intelligence. The telecom giants will utilize their...

BTS’ NFT venture hits sour note with fans

BTS’ NFT venture hits sour note with fans

SEOUL—When BTS unveiled plans last month to break into the NFT business, the South Korean boy band’s supporters revolted online, threate...

LG Energy to heat up Korea’s record IPO market in 2022

LG Energy to heat up Korea’s record IPO market in 2022

South Korea’s initial public offering market is expected to set a record in 2022, heating up from the start of the year as LG Energy Solution ...

SK Hynix to list Intel’s NAND unit on Nasdaq

SK Hynix to list Intel’s NAND unit on Nasdaq

South Korea’s SK Hynix Inc. decided to list the recently acquired Intel Corp.’s NAND flash memory chip business on the Nasdaq in a move ...

LG Display reveals 30% brighter OLED EX

LG Display reveals 30% brighter OLED EX

LG Display Co. revealed a 30% brighter OLED panel during Wednesday’s press event. During the media event held in Seoul’s LG Science...

Hyundai Heavy’s heir apparent to unveil future vision at CES 2022

Hyundai Heavy’s heir apparent to unveil future vision at CES 2022

Hyundai Heavy Industries Group’s heir apparent will introduce the future vision of the world’s largest shipbuilder at an upcoming US tra...

Korea’s SK Geo Centric, Japan’s Tokuyama to set up IPA JV

Korea’s SK Geo Centric, Japan’s Tokuyama to set up IPA JV

South Korea’s leading petrochemical company SK Geo Centric Co. and Japan’s chemicals producer Tokuyama Corp. plan to found a joint ventu...

KFCC to increase alternative assets to 40% in three years

KFCC to increase alternative assets to 40% in three years

MG Korean Federation of Community Credit Cooperatives (KFCC) will gradually increase its alternative investment proportion from the current early 30...

SK Square injects $29.5 million into agriculture startup

SK Square injects $29.5 million into agriculture startup

Korean investment firm SK Square Co. Ltd. has invested approximately 35 billion won ($29.5 million) into homegrown agriculture tech startup Greeln...

Shinsegae, Hana Financial, Bain Capital to finance $438 mn Starfield Cheongna Saudi Crown Prince bin Salman courts Korean AI startups as Riyadh, Abu Dhabi vie to build tech hubs K Shipbuilding up for sale as Korean shipyards ride new boom Samsung to buy US health tech firm Xealth in digital health push Korean waste management firm Koentec put on market for $730 mn