Citibank Korea to shut down retail business in phases

Citibank Korea to shut down retail business in phases

Citibank Korea has decided to close its consumer banking operations in phases, the bank said on Monday, after its attempt to find a buyer of the bus...

Tesla’s shift to LFP cells to shake global battery industry

Tesla’s shift to LFP cells to shake global battery industry

Tesla Inc.’s shift to less expensive batteries for its electric vehicles is expected to shake the global battery industry.The world’s to...

Naver launches Japan-focused e-commerce platform

Naver launches Japan-focused e-commerce platform

South Korea's top online portal Naver Corp. launched its e-commerce platform dedicated to Japan last month, taking its first step toward a global on...

Hyundai Glovis to build hydrogen supply chain with Air Products

Hyundai Glovis to build hydrogen supply chain with Air Products

Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, agreed to set up a liquid hydrogen supply chain with Air Products, the world’s la...

CJ ENM in exclusive talks to acquire SM Entertainment

CJ ENM in exclusive talks to acquire SM Entertainment

South Korea's entertainment powerhouse CJ ENM Co. is in exclusive talks to acquire a 19.37% stake in SM Entertainment Co., the country's first-gener...

KIC says to boost VC deals to lift long-term returns

KIC says to boost VC deals to lift long-term returns

The Korea Investment Corporation (KIC) will step up venture capital investments in North America to lift its long-term returns, the sovereign wealth...

Yanolja likely to buy $250 mn stake in Interpark spin-off

Yanolja likely to buy $250 mn stake in Interpark spin-off

South Korea's top travel and accommodation platform Yanolja Inc., backed by SoftBank, was on Thursday named as the preferred buyer of a majority sta...

Japan's Murata redefines customers in game-changing era

Japan's Murata redefines customers in game-changing era

KYOTO, Japan - Murata Manufacturing Co., the world's No. 1 producer of multilayer ceramic capacitors (MLCCs) and other electronic components, will e...

Halla Group to combine two self-driving business arms

Halla Group to combine two self-driving business arms

South Korea's Halla Group, the parent company of automotive parts maker Mando Corp., will combine its two autonomous driving business units into a s...

Akuodigital digitizes scribbles into legible documents

Akuodigital digitizes scribbles into legible documents

South Korea-based Akuodigital Corp. is a startup that uses artificial intelligence technology to digitize all types of paper documents. And instead ...

Next K-wave in Asia: Convenience stores

Next K-wave in Asia: Convenience stores

When South Korean major convenience store chain CU opened its first branch in Malaysia on April 1, there was a queue of more than 100 meters to get ...

Hyundai Glovis launches ECOH brand for hydrogen, battery businesses

Hyundai Glovis launches ECOH brand for hydrogen, battery businesses

Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, said on Monday it is launching a new brand to beef up its eco-friendly business, includ...

Delayed EU approval puts Hyundai-Daewoo shipbuilding deal at risk

Delayed EU approval puts Hyundai-Daewoo shipbuilding deal at risk

The deal to combine the world's largest shipbuilder Hyundai Heavy Industries Co. with second-ranked Daewoo Shipbuilding & Marine Engineering Co....

SK Innovation officially launches battery, E&P split-offs

SK Innovation officially launches battery, E&P split-offs

South Korea’s SK Innovation Co. on Friday officially launched its battery and petroleum exploration and production businesses as separate enti...

SK Inc, STIC invest $55 million in US alternative dairy maker Perfect Day

SK Inc, STIC invest $55 million in US alternative dairy maker Perfect Day

SK Inc., the investment arm of South Korean conglomerate SK Group, and private equity firm STIC Investment Inc., have invested a combined 65 billion...

SKC drops plan for silicon anode JV on investment overlap woes

SKC drops plan for silicon anode JV on investment overlap woes

South Korea’s SKC Co. withdrew a plan to set up a joint venture with British battery materials maker Nexeon Ltd. for the silicon anode mater...

Hyundai Motor’s shares fall to 9-month low; new mobility key to rebound

Hyundai Motor’s shares fall to 9-month low; new mobility key to rebound

Shares of South Korea’s top automaker Hyundai Motor Co. have fallen to their lowest level in nine months, bucking the trend of its global peer...

SKC to form JV with British Nexeon for silicon anode business

SKC to form JV with British Nexeon for silicon anode business

South Korea’s SKC Co. plans to set up a joint venture with British battery materials maker Nexeon Ltd. for the silicon anode materials market....

S.Korean content shares surge with global success of Squid Game

S.Korean content shares surge with global success of Squid Game

South Korea’s major content production houses have made a big comeback in the local stock market on Sept. 27 after a period of downhill over t...

Korea Zinc expands from smelter to hydrogen, battery materials maker

Korea Zinc expands from smelter to hydrogen, battery materials maker

Korea Zinc Co., the world’s largest lead and zinc smelter, plans to add a couple of new sectors to the list of its new growth drivers: green h...

Recycled plastic in growing demand as Korean firms pursue ESG business

Recycled plastic in growing demand as Korean firms pursue ESG business

Plastic recyclers have known for years that there is money to be made in plastic waste. And the stakes are high these days as the prices of recycled...

LG Energy develops safer, long-lasting solid-state battery technology

LG Energy develops safer, long-lasting solid-state battery technology

South Korea’s LG Energy Solution Ltd. said on Friday the company and the University of California San Diego have jointly developed a next-gene...

LG Elec to start automotive cybersecurity business

LG Elec to start automotive cybersecurity business

South Korea’s LG Electronics Inc. is about to start automotive security business, expanding its car electronics technology portfolio by taking...

Korea’s Halla to enter EV battery materials business

Korea’s Halla to enter EV battery materials business

South Korea’s auto parts supplier Halla Holdings Corp. is making inroads into the electric vehicle battery materials business.Halla said on Se...

Dongwon aims to rise from canned tuna maker to F&B giant

Dongwon aims to rise from canned tuna maker to F&B giant

For many South Koreans, particularly among the older generation, Dongwon is the name of the company that makes canned tunas, for which the food make...

Kakao says to shift toward co-existing business model

Kakao says to shift toward co-existing business model

Kakao Corp. will be abandoning its growth model that has transformed once a mere mobile messenger operator into one of South Korea's largest busines...

LG Chem, ADM to build JV in US to produce bioplastics made from corn

LG Chem, ADM to build JV in US to produce bioplastics made from corn

South Korea’s LG Chem Ltd. said on Tuesday it is jointly building a corn-based bioplastic plant in the US with Archer Daniels Midland Co., a g...

Antitrust body takes aim at Kakao's taxi-hailing app, Coupang

Antitrust body takes aim at Kakao's taxi-hailing app, Coupang

South Korea's antitrust body has launched an investigation into Kakao Mobility Corp. on allegations of discrimination against taxi drivers not subsc...

Coupang’s business model put to test as shares fall below IPO price

Coupang’s business model put to test as shares fall below IPO price

Coupang Inc., widely seen as the South Korean version of global e-commerce giant Amazon.com, has closely followed the US company’s business mo...

SK E&S acquires US energy firm KCE, to invest $600 mn for expansion

SK E&S acquires US energy firm KCE, to invest $600 mn for expansion

SK E&S Co., the natural gas business unit of SK Group, has acquired Key Capture Energy LLC (KCE), a US operator of energy storage projects, as t...

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