Nonferrous metals conglomerate Poongsan to invest $236 mn

South Korean nonferrous metals conglomerate Poongsan Corp. announced it will invest 313 billion won ($238 million) in facilities to manufacture rech...

Korean manufacturers’ dependence on China intensifies

South Korean manufacturers are importing even more key industrial raw materials from China, deepening concerns over the dependence of Asia’s f...

Hyundai Mobis plans battery remanufacturing business

Hyundai Mobis Co., a car parts maker within South Korea’s top automaker Hyundai Motor Group, is set to launch an electric vehicle battery rema...

Krafton founder: Robotics, deep learning should be S.Korea’s future

Krafton Inc. founder and chairman Chang Byung-gyu is a rare example of a serial entrepreneur in South Korea – a country dominated by family-ow...

Korean beauty brands rush for vegan certification

As more consumers seek out eco-friendly products, a growing number of South Korean cosmetics brands are in a hurry to be certified as vegan.With lab...

Hankook Tire sees increasing threat from combative labor union's demands

As a string of sporadic labor union strikes enters its third week, the risk of supply disruption has spread to an unlikely victim – Hankook Ti...

LG CNS launches AI robot subscription service for warehouse operators

LG CNS unveiled a cloud-based logistics robot subscription service on Tuesday, which could save warehouse operators a significant amount in upfront ...

Residential, urban logistics in Europe are attractive: Patrizia

Despite a number of global market uncertainties, there is value in real assets where rental income grows faster than inflation, Mahdi Mokrane, head ...

Lotte plans to expand bio capacity in Korea and US

Lotte Group is preparing to kickstart its biopharmaceutical business as a contract development and manufacturing company (CDMO) by building a new pl...

Elon Musk’s mother Maye named Ceragem's global ambassador

Maye Musk, the mother of Tesla Inc. CEO Elon Musk, has been named the global ambassador for South Korea’s Ceragem Co., a manufacturer of therm...

LG Energy to invest $451 mn in mass production of Tesla’s 4680 battery cells

LG Energy Solution Ltd. announced Monday it will invest 580 billion won ($451 million) to manufacture battery cells for Austin-based Tesla, Inc.The ...

POSCO revs up eco-friendly, smart steelmaking

South Korea’s leading steelmaker POSCO Group reignited its No. 4 blast furnace at its Gwangyang plant on June 10. The blast furnace has been u...

CJ Logistics steps up automated distribution system in SE Asia

South Korea’s major logistics firm CJ Logistics Corp. is accelerating business expansion in Southeast Asia. It has started applying a homegrow...

Samsung Biologics signs $81 mn CMO deal with Novartis

South Korea’s Samsung Biologics Co. has inked an $81 million contract manufacturing deal with Novartis, the world’s fifth-largest pharma...

KT&G sues its top contract manufacturer over patents

KT&G Corp., the world’s fifth-largest tobacco company, has sued its largest e-cigarette outsourcing firm EM-Tech. Co., claiming the co-dev...

Hyundai, Kia speed up expansion in European EV market

Hyundai Motor Co. and Kia Corp., South Korea’s top two automakers, are expanding their presence in Europe, the world’s second-largest el...

Hyundai Glovis forms Thailand JV to expand SE Asia biz

South Korea’s Hyundai Glovis Co. set up a logistics joint venture in Thailand to expand its business in Southeast Asia.The logistics unit of S...

Hyundai, Kia to inject $16.6 bn into EV production in South Korea 

The Hyundai Motor Group announced the conglomerate’s domestic investment blueprint on Wednesday. The backbone of the investment plan is to ma...

Korea’s Iljin to build $391 mn battery materials plant in Spain

South Korea’s Iljin Materials Co. plans to invest 500 billion won ($391.2 million) in a battery materials plant in Spain, its first production...

Lotte to buy BMS' biologics plant in Syracuse for $160 mn

South Korea's Lotte Group has agreed to buy Bristol Myers Squibb's (BMS) biologics plant in Syracuse in the state of New York for $160 million, the ...

Samsung SDS takes smart logistics platform Cello Square to China

Samsung SDS Co., the information technology service unit of Samsung Group, is taking its smart logistics platform, Cello Square, to China to offer l...

Korea consumption, facility investment down in March

South Korea’s consumption and capital expenditures fell last month although production rebounded, government data showed, indicating the momen...

Retail investment amount in startups triples on-year in Q1

South Korea’s retail investors are increasingly more bullish in startups than in manufacturing or retail firms. The Ministry of SMEs an...

S.Korean boiler manufacturers turn to overseas markets

Kyungdong Navien Co. revealed on Sunday that overseas sales account for more than 60% of its total sales on the back of strong exports to the United...

CJ, Samsung to launch $600 million e-commerce logistics fund

CJ Logistics and an affiliate of Samsung Life Insurance have joined forces to launch a real estate investment fund worth 740 billion won ($600 milli...

Warehouses pile financial burden on investment firms

South Korea’s logistics centers are ramping up the financial pressure on real estate investment firms. Previously a favored property type, i...

HK inno.N receives sales permit for ulcer treatment in China

HK inno.N is expediting its global expansion with its latest drug K-Cab designed to treat peptic ulcers.The South Korean pharmaceutical company an...

Carlyle, Solvay show interest in Korea's PI Advanced

PI Advanced Materials Co., the world’s largest polyimide (PI) film manufacturer, has drawn about 10 preliminary bidders, including The Carlyle...

Mirae Asset Global REIT to raise $371 mn for US warehouses

Mirae Asset Global Real Estate Investment Trust Co., a South Korean listed REIT under Mirae Asset Global Investments Co., is set to raise around 450...

Korean manufacturers brace for higher emission costs

The increase in the price of carbon emission rights is dealing another blow to South Korean companies reeling from soaring raw materials and logisti...