new materials
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Alternative investments
Meritz Alternative to invest in Washington DC building
South Korea’s Meritz Alternative Investment Management Co. is set to invest in an office building in Washington DC.Meritz formed a 200 billion...
Sep 24, 2021 (Gmt+09:00)
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Batteries
SKC to raise corporate value to $25 bn with battery materials
South Korea’s SKC Co. plans to expand its electric vehicle battery materials business in a move to fivefold its corporate value to 30 trillion...
Sep 24, 2021 (Gmt+09:00)
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Cryptocurrencies
Korea’s top cryptocurrency exchange operator becomes decacorn
Dunamu Inc., the operator of South Korea’s top cryptocurrency exchange Upbit, became a decacorn, a company valued at over $10 billion.Dunamu h...
Sep 23, 2021 (Gmt+09:00)
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Korean chipmakers
Taylor city in Texas likely to host Samsung’s new US chip plant
The global semiconductor industry is keeping a close eye on whether Taylor, a city located in Williamson County of Texas and the most probable site ...
Sep 23, 2021 (Gmt+09:00)
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Hydrogen economy
Hyundai Motor to start hydrogen popularization in 2040
Hyundai Motor Group, the world’s fifth-largest automaker, declared to make 2040 the first year of hydrogen energy popularizationThe group was ...
Sep 22, 2021 (Gmt+09:00)
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Food & Beverage
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...
Sep 17, 2021 (Gmt+09:00)
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Batteries
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...
Sep 16, 2021 (Gmt+09:00)
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Batteries
GS E&C to build EV battery recycling plant near POSCO
GS Engineering & Construction Co. (GS E&C) has launched the construction of its first lithium-ion battery recycling plant in a South Korean ...
Sep 16, 2021 (Gmt+09:00)
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Pharmaceuticals
High-priced drugs add to pressure for Korea's healthcare reform
A number of new rare disease treatments, approved in South Korea over the past year, are still unaffordable for the public because of their price ta...
Sep 15, 2021 (Gmt+09:00)
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Batteries
SK, Group14 Technologies to build $726 mn battery material plant
SK Materials Co., the industrial gas manufacturing affiliate of SK Group, said on Tuesday it is jointly investing 850 billion won ($726 million) wit...
Sep 14, 2021 (Gmt+09:00)
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Chemical Industry
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...
Sep 14, 2021 (Gmt+09:00)
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Automobiles
Volvo unveils new XC60 with SKT in-vehicle infotainment
An artificial intelligence personal assistant sets up a destination for a GPS navigation. The AI assistant texts others the estimated arrival time...
Sep 14, 2021 (Gmt+09:00)
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Batteries
EcoPro BM’s magic to hit $9 bn jackpot after 10-year dark ages
South Korea’s battery materials maker EcoPro BM Co. won a near $9 billion order from SK Innovation Co., an unusually large contract for a medi...
Sep 10, 2021 (Gmt+09:00)
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Mergers & Acquisitions
POSCO Chem buys stake in Chinese graphite processor
POSCO Chemical Co. has acquired a 13% stake in a Chinese graphite processor as part of the South Korean company's efforts to secure a stable supply ...
Sep 09, 2021 (Gmt+09:00)
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Mergers & Acquisitions
KT, Daishin PE acquire 100% stake in global data firm Epsilon
South Korea’s major telecom company KT Corp. is expanding investments in future growth areas outside the traditional mobile sector. KT said on...
Sep 09, 2021 (Gmt+09:00)
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Batteries
Korea silicon anode materials makers to see quantum leap in demand
The global silicon-based anode materials market is gathering momentum as demand is expected to outpace supply on increasing production of electric v...
Sep 09, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Netmarble acquires Canadian game studio for $165 mn
South Korea's Netmarble Corp. has acquired Canada's mobile game developer Ludia Inc. for $165 million, the latest in a series of its cross-border ac...
Sep 09, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Samsung unveils new microSD cards for advanced storage demand
Samsung Electronics Co., the world’s top memory chip maker, introduced new microSD cards with enhanced performance and stability on Sept. 8 to...
Sep 08, 2021 (Gmt+09:00)
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Debt financing
LG set to fund OLED plant expansion with over $400 mn in new bonds
LG Display Co. will likely raise around 500 billion ($430 million) in new bond issues, more than its planned 300 billion won, to finance the expansi...
Sep 07, 2021 (Gmt+09:00)
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Tech, Media & Telecom
LG Chem unveils new cover window technology for foldable devices
LG Chem Ltd., the chemical unit of South Korea’s LG Group, said on Tuesday it has developed a new cover window that folds both ways – in...
Sep 07, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Namyang Dairy-Hahn & Co. saga enters new chapter: Legal fight
Namyang Dairy Products Co.'s top shareholder and Chairman Hong Won-sik on Wednesday notified Hahn & Co. of the termination of the 310.7 billion ...
Sep 01, 2021 (Gmt+09:00)
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Chemical Industry
Sumitomo Chemical to build $90 million photoresist plant in S.Korea
Japan’s major chemical company Sumitomo Chemical Co. will invest more than 10 billion yen ($91 million) in South Korea to manufacture photores...
Sep 01, 2021 (Gmt+09:00)
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Corporate rebranding
SK Global Chemical rebrands as plastic recycler SK Geocentric
SK Innovation Co.’s petrochemical unit SK Global Chemical Co. has undergone a corporate name change to SK Geocentric Co., in a move to reident...
Aug 31, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Hahn & Co. sues Namyang owner over completion of $267 mn deal
South Korea’s private equity firm Hahn & Co. filed a lawsuit against the owner of Namyang Dairy Products and his family to complete a $267...
Aug 30, 2021 (Gmt+09:00)
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Electric vehicles
Global automakers' new battle field: small EVs
Global automakers stop producing smaller cars among internal combustion engine models. The industry is facing difficulties to make profits from thos...
Aug 30, 2021 (Gmt+09:00)
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Aerospace & Defense
Kolon enters private space business with composite materials
Kolon will be the next major South Korean business group to join the race in the fast-growing space sector by developing and making light composite ...
Aug 27, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Samsung launches new 5G foldable phones in 40 countries
Samsung Electronics Co. on Friday officially launched the new models of its high-end smartphones Galaxy Z Fold3 and Galaxy Z Flip3 in 40 countries, ...
Aug 27, 2021 (Gmt+09:00)
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Private equity
Now is the time for PEFs to show their art of exit
Leading private equity firms, including Bain Capital, KKR & Co. and MBK Partners, appeared to have turned to an exit mode in South Korea this ye...
Aug 27, 2021 (Gmt+09:00)
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Batteries
POSCO Chem, OCI to produce previously imported battery material in Korea
POSCO Chemical and OCI plan to produce in South Korea a key material for electric vehicle batteries, which has so far been imported.POSCO Chemical s...
Aug 26, 2021 (Gmt+09:00)
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Hydrogen economy
Korea’s hydrogen council to launch Sept. 8; Hyundai to unveil new tech
The South Korean version of the Hydrogen Council, a global CEO-led initiative to harness the clean energy source, will officially launch on Sept. 8 ...
Aug 26, 2021 (Gmt+09:00)
language
Latest News
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