Samsung, Lotte, POSCO to build hydrogen plant in Malaysia

Samsung Engineering Co., Lotte Chemical Corp., and POSCO signed a memorandum of understanding (MoU) with Sarawak Economic Development Corporation (S...

LG Group invests $21 mn in vegan egg maker Eat Just

LG Group plans to invest 25 billion won ($21 million) in California-based plant-based food maker Eat Just, Inc. The news follows an announcement by ...

Lotte acquires Ministop Korea for $260 mn from Aeon

South Korea's Lotte Group has agreed to acquire a 100% stake in Ministop Korea for 313.4 billion won ($263 million), the country's fifth-largest con...

Lotte Group beats Shinsegae to acquire Ministop Korea

Lotte Group beat its retail rival Shinsegae Group in a competition to buy South Korea’s fifth-largest convenience store chain Ministop Korea. ...

Lotte acquires Chicago-based hotel for $36 mn K-style rebrand

Hotel Lotte Co., retail conglomerate Lotte Group’s luxury hotel operator, completed the acquisition of Kimpton Hotel Monaco in Chicago for $...

Lotte Group aims for top spot in metaverse retail space

Lotte Group Chairman Shin Dong-bin is known for his obsession with new tech gadgets.He’s one of those early adopters in South Korea of the Ocu...

Lotte agrees with Indonesia to resume $3.9 bn petchem project

South Korea’s Lotte Group agreed with the Indonesian government to resume a $3.9 billion petrochemical project in the Southeast Asian country,...

Lotte, Shinsegae compete head-on for Ministop Korea

South Korea's two retail heavyweights Lotte and Shinsegae are in head-to-head competition for the country's fifth-largest convenience store chain Mi...

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...

E-Mart in exclusive talks to buy US food company

South Korea's largest supermarket chain E-Mart Inc. has spent nearly $4 billion on acquisition deals so far this year, including the $3 billion purc...

3D tech firm Koh Young wins highest ESG rating two years running

Koh Young Technology Inc., a South Korean 3D image measurement tech company listed on the Kosdaq, has earned the highest AA rating from Sustinvest, ...

Hyundai’s Motional, Uber to launch self-driving food delivery service

Motional Inc., a US mobility joint venture between Hyundai Motor Co. and Aptiv PLC, has teamed up with Uber Technologies Inc. to provide an autonomo...

Korean duty free shops take opposite paths to draw Chinese shoppers

There appear to be two diverging roads for South Korea's top duty free operators Lotte and Shilla: expanding outside China, or going deeper inside t...

Kimchi on track for first trade surplus in 12 years

Kimchi exports hit record high Kimchi, Korea’s traditional fermented food, is raising its status in the global food market. Korea exported $1...

Mirae Asset joins $260 mn funding for food delivery startup Jokr

Mirae Asset Global Investment Co., South Korea’s leading asset manager, has participated in a $260 million Series B funding for Jokr, a New ...

Samsung, Hynix notch best day this year; metaverse to drive chip demand

Shares of South Korea’s two largest chipmakers, Samsung Electronics Co. and SK Hynix Inc., have staged a strong rebound on an industry prospec...

Lotte Chemical seeks to acquire Japanese specialty chemical firms

Lotte Chemical Corp. is seeking to acquire major stakes in a few specialty chemical companies in Japan as the South Korean company aims to expand it...

Hyundai Oilbank to make naphtha from plastic waste

Hyundai Oilbank Co. is set to produce naphtha by injecting plastic waste pyrolysis oil into the process of refining crude oil, poised to become the ...

KDB opens VC in US to aid Korean startups' US entry

South Korea’s state-run bank Korea Development Bank (KDB) launched its venture capital (VC) operations in California's Silicon Valley on Nov...

Lotte joins Korea’s UAM race as Hyundai closes ranks with others

South Korean conglomerate Lotte said on Tuesday it is joining hands with three other partners to enter the country’s urban air mobility (UAM) ...

NPS, Tishman form $1.5 bn JV to invest in US housing

The National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, and New York-based global real estate investment ...

Pulmuone to expand alternative meat business in the US

South Korea’s major food company Pulmuone. Co. is slated to expand sales of its in-house developed meat alternatives in the US market. The foo...

CJ Group Chief unveils $8.5 billion investment plans for growth

South Korea’s CJ Group, which operates the country’s largest food and beverage company CJ Cheiljedang Corp. as well as entertainment gia...

Supergene looks well beyond smash hit instant game OMG

Commanding more than 100 million users for a South Korean Internet social service or a mobile game is uncommon even among industry leaders.Naver Cor...

Naver, Mirae Asset ramp up investment in India’s promising startups

South Korea’s top online platform operator Naver Corp. and brokerage giant Mirae Asset Securities Co. are aggressively investing in promi...

Food triggers next phase of global K-culture craze

The ongoing global fever over South Korean music and entertainment content is driving the rapid growth of the country’s packaged food manufact...

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...

Time to invest in luxury hotels in Korea: JLL executive

The COVID-19 pandemic has been particularly hard on the hotel industry, exposing it as one of the most vulnerable to the crisis amid the global lock...

Shares of Hyosung, Kolon Industries fly high propelled by hydrogen

Shares of hydrogen-related stocks such as Hyosung Advanced Materials Corp. and Kolon Industries Inc. are flying high on expectations of significant ...

KGC creates Ginseng Museum Cafe in New York

Korea Ginseng Corporation (KGC), a wholly-owned subsidiary of KT&G Corporation, has set up its first interactive cafe in the global market where...