POSCO aims to quadruple operating profits by 2030
POSCO Group, South Korea’s No. 1 steelmaker, has set an ambitious goal of quadrupling its operating profits and doubling revenue by 2030 with ...
AhnLab launches integrated cloud service corporation
South Korea's AhnLab Inc. announced on Monday that it launched an integrated corporation named AhnLabCloudMate to oversee its cloud operation and ...
Kolon launches composite materials firm Kolon Spaceworks
South Korea's Kolon Group announced on Monday it launched a new advanced composite materials company Kolon Spaceworks.Kolon Spaceworks is being es...
Hyundai Mobis combines electrification, module divisions
Hyundai Mobis Co., the world’s sixth-largest auto parts maker, said on Friday it has merged its electrification and module divisions to stream...
Naver's webtoon unit to raise $315 mn via Nasdaq IPO
Webtoon Entertainment Inc., South Korean tech giant Naver Corp.'s online comics platform, said on Thursday that it will raise $315 million by issuin...
POSCO gears up for carbon-free steelmaking with hydrogen
POHANG, North Gyeongsang Province – POSCO, the world’s seventh-largest steelmaker, is set to significantly reduce emissions in the produ...
SK Inc. in talks to sell Pharmteco’s US CDMO plant to Novo Nordisk
SK Inc., the holding and investment company of SK Group, South Korea’s second-largest conglomerate, is negotiating to sell a major asset of it...
Hyundai Glovis enters LNG transport business with Woodside Scarlet Ibis
Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, is entering the liquefied natural gas transportation business wit...
Korea Zinc speeds up separation from Young Poong in management feud
South Korea’s largest zinc smelter Korea Zinc Co. is accelerating its efforts to terminate its decades-long business relations with parent You...
Yogiyo to begin autonomous robot delivery tests in August
Yogiyo, South Korea’s second-largest food delivery app, announced on Friday that it will begin outdoor autonomous robot delivery tests in Song...
Korea’s SK Telecom, Moloco join hands for AI ad platform
SK Telecom Co., South Korea’s top mobile carrier, has teamed up with Moloco Inc., a Silicon Valley-based ad-tech solution startup, for the glo...
Korean IT firms prefer engineers with business capabilities
More South Korean information technology companies are seeking engineers with business capabilities as artificial intelligence is expected to take o...
Shinhan Card, Canada's Alberta to co-work for tourism
South Korea's Shinhan Card Co. announced on Wednesday that it signed a strategic business agreement with the provincial government of Alberta, C...
KEPCO, EVN to promote new power business in Vietnam
Korea Electric Power Corp. (KEPCO), the South Korean state-run utility company, and Vietnam Electricity (EVN) have agreed to collaborate on new busi...
LG Innotek begins supplying AI chip substrates to Big Tech
LG Innotek Co., a leading South Korean electronics parts maker, is for the first time supplying high-performance chip substrates for AI devices to g...
SK Ecoplant builds rooftop solar panels at Samil Vina in Vietnam
SK Ecoplant Co., a South Korean construction engineering and waste management company, said on Tuesday it has completed building rooftop solar panel...
HD Hyundai’s ascent driven by visionary spinoff push
Many cast doubts on HD Hyundai Group’s decision to separate its ship maintenance, repair and overhaul (MRO) service in 2016. The move, however...
Ultium Cells Spring Hill: LG, GM’s EV battery bastion in North America
NASHVILLE – Some 60 km south of Nashville, the capital of Tennessee, lies a huge plant churning out battery cells that will eventually land in...
WeWork closes major office in Seoul for restructuring
Coworking space operator WeWork Inc. is slated to shut down a major office in Seoul, once one of the largest WeWork offices in Asia, in September ...
Sampyo Group enters automated robotic parking business
South Korea's SP&Mobility, a robotics unit of Sampyo Group, unveiled its MPSystem on Monday, an automated robotic parking system designed to rep...
Hyundai Glovis, EcoPro team up for EV battery recycling business
Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, and EcoPro Co., the country’s leading electric vehicle batt...
MBK puts Homeplus’ supermarket chain unit up for sale
MBK Partners, the North Asia-focused private equity firm, has put the supermarket chain unit of South Korea’s hypermarket operator Homeplus up...
Samsung’s new chip head instills a sense of crisis, hope
Samsung Electronics Co.'s new semiconductor chief Jun Young-hyun knows better than anyone about the difficulties the South Korean tech giant fa...
SK embarks on business overhaul to focus on mainstays
South Korea’s second-largest conglomerate SK Group has embarked on a reshuffling process to focus on core units such as semiconductors and bat...
SK shieldus, Yokogawa Electric Korea partner on security business
SK shieldus, the unmanned security subsidiary of SK Group, announced on Wednesday it has signed a business agreement with Yokogawa Electric Korea Co...
Everybot buys AI mobility company hycore
South Korea's service robot company Everybot Inc. acquired AI robot mobility specialist hyCore to expand into the personal mobility sector. Everybo...
Hanwha Q Cells eyes solar power business diversification
Hanwha Q Cells Co., a solar power unit of South Korean chemicals-to-defense conglomerate Hanwha Group, is striving for revenue stream diversificatio...
Yanolja gains momentum with cloud, overseas trip businesses
SoftBank-backed Yanolja Co. cheered stellar earnings in the first quarter after its new businesses – cloud and outbound trip services – ...
LG targets India’s edtech market with interactive whiteboards
LG Electronics Inc. is acclerating its foray into India’s business-to-business (B2B) market, zooming in on the country’s rapidly-growing...
LY vows to keep Line Plus as Naver-SoftBank breakup drags on
Japan’s LY Corp., the operator of the country’s top mobile messenger app Line, said on Wednesday it will keep its South Korean affiliate...
