LG Chem, GS Caltex to produce biodegradable plastic material
South Korea’s top petrochemical maker LG Chem Ltd. and the No. 2 refiner GS Caltex Corp. have agreed to jointly produce a biodegradable plasti...
Korea’s SKC to build $761 mn copper foil plant in Poland
South Korea’s SKC Co. decided to build a copper foil factory for $761 million in Poland, its first European plant to produce the core electric...
Korea Sindoh unveils cutting-edge 3D printer under new brand fabWeaver
Sindoh Co., South Korea’s top 3D printer maker, unveiled a state-of-the-art 3D printer under its new premium brand fabWeaver as it aims to exp...
Koreans log $5.7 bn loss in Q3 from overseas stock investments
South Korean investors suffered a $5.7 billion loss in the third quarter from overseas stock investments on weak foreign shares. Individual investor...
K-bio's out-licensing this year reaches $9.3 bn
Overseas technology transfers from South Korean biotechs and pharmaceutical manufacturers this year have exceeded 11 trillion won ($9.3 billion), al...
SK Ecoplant to start offshore wind power business
SK Ecoplant Co., the construction unit of South Korea’s SK Group, is slated to enter the offshore wind power business by acquiring a local win...
Korea’s LIG close to record $3.5 bn deal to export missile system to UAE
LIG Nex1 Co., a leading South Korean defense company, is close to a record $3.5 billion deal to export its surface-to-air missile system to the Unit...
MBK closes SSF II at $1.8 bn, largest Asian SSF since 2019
South Korea’s MBK Partners, one of the largest private equity firms in Asia, said it has raised $1.8 billion for its second special situations...
Hyundai Motor Group seeks to buy Korea waste treatment firm
Hyundai Engineering Co., Hyundai Motor Group’s construction arm, has joined the race to buy a South Korean garbage treatment company as the gr...
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) ...
SK, Beijing Easpring Material join hands on battery materials
SK Inc., the holding and investment company of South Korea’s SK Group, and Beijing Easpring Material Technology Co., a major Chinese cathode m...
Amazon poised for Fire tablet launch in Korea next year
Amazon, the world’s largest online shopping mall, is set to release its own Fire tablets in South Korea from as early as next year, penetratin...
Urea crisis lays bare South Korea’s heavy dependence on China
The diesel exhaust fluid crisis hitting South Korea across various industries lays bare the supply chain vulnerability of the country, which has hea...
Doosan near completing self-rescue plan with E&C sale
South Korea's Doosan Group is near finalizing a deal to sell Doosan Engineering & Construction Co. (Doosan E&C) to a consortium led by Seoul...
Korea’s state electric companies to cease coal power generation by 2050
State-run utility Korea Electric Power Corp. (KEPCO) and its six subsidiaries declared an aim to cease coal power generation by 2050 in a bid to pla...
HMM rakes in record quarterly profits on higher freight rates
HMM Co., South Korea’s largest container line, posted fresh record sales and profits in the third quarter, boosted by higher freight rates and...
Korea DEF crisis may ease as China will export urea
South Korea is expected to ease the diesel exhaust fluid (DEF) shortage for the short term as China has decided to resume customs clearance procedur...
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 ...
S.Korea's IP trade balance swings to black in H1 2021
Success of Korean films on OTT platforms South Korea posted a surplus in its intellectual property rights trade balance in the first half of 2021. ...
Snowflake’s entry into Korea to intensify cloud service competition
Snowflake Inc., a US big data cloud provider, on Wednesday announced its entry into the South Korean market with the opening of a local office, inte...
Korea’s Hot Chicken Flavor Ramen maker to issue first bond
South Korea’s Samyang Foods Co., the maker of the Hot Chicken Flavor Ramen, plans to issue its first corporate bonds ever as it is expanding b...
Data Republic creates AI-based crypto investment solution
South Korean startup Data Republic is pioneering a smart way of investing for global cryptocurrency investors. Founded in 2018, the company has ra...
Korea's major LPs to focus on core assets in US and Europe
The chief investment officers of 10 South Korean major limited partners (LPs), including pension funds, mutual aid associations and life insurance c...
Global supply crisis endangers S.Korea’s manufacturers
A South Korean electric equipment maker has decided not to seek any new orders as a spike in prices of commodities such as copper and supply disrupt...
Korea scrambles to address DEF supply shortage
South Korea is stepping up efforts to secure diesel exhaust fluid (DEF) such as diversification of supply sources as the shortage of the liquid used...
Korea’s Netmarble Neo drops listing plan as sentiment sours
South Korea’s game developer Netmarble Neo decided to withdraw its initial public offering plan as sentiment in the primary market sours amid ...
Google allows alternate in-app payment options in South Korea, though familiar fees remain
SEOUL—Alphabet Inc.’s Google plans to continue charging South Korean app developers a service fee for in-app purchases, even as users fo...
Deepening diesel exhaust fluid crisis puts Korea’s key industries at risk
The diesel exhaust fluid (DEF) shortage in South Korea stemming from China's suspension of urea exports is getting worse, as local DEF inventories a...
Netflix to strengthen partnerships with ISPs through network technology
Netflix Inc. has confirmed it will focus on partnerships with South Korean internet service providers (ISPs) through its in-house distribution netwo...
Jeju as Korea's new shopping mecca: Shinsegae's task ahead
Unlike Hawaii and Las Vegas, there is one thing missing on Jeju Island, South Korea's top tourist destination: premium outlets.The island hosted 15 ...
