LG Energy, China’s Huayou Cobalt to build battery recycling joint venture

LG Energy, China’s Huayou Cobalt to build battery recycling joint venture

South Korea’s top battery maker LG Energy Solution Ltd. and China’s mining company Zhejiang Huayou Cobalt Co. have agreed to launch a ba...

South Korea arms exports triple; rises to 8th-largest exporter

South Korea arms exports triple; rises to 8th-largest exporter

 South Korea has become the world’s eighth-largest arms exporter, with its exports rising threefold – the fastest pace among the wo...

Korea's top mobile game Odin creator Lionheart eyes IPO in H2

Korea's top mobile game Odin creator Lionheart eyes IPO in H2

Lionheart Studio Corp., South Korea’s leading game developer behind the mobile game Odin, has begun the process to go public with its July 22 ...

Five startups join the ranks of unicorns in the first half of this year

Five startups join the ranks of unicorns in the first half of this year

Five South Korean startups joined the ranks of unicorns in the first half of 2022, the largest such figure for six months. With that, the total...

KAI targets to sell 1,000 units of FA-50 light attack aircraft worth $30 billion

KAI targets to sell 1,000 units of FA-50 light attack aircraft worth $30 billion

Korea Aerospace Industries Ltd., South Korea’s sole military aircraft manufacturer, is seeking to sell 1,000 units of the FA-50 light combat a...

POSCO Holdings Q2 profit down on higher raw material costs

POSCO Holdings Q2 profit down on higher raw material costs

POSCO Holdings Inc., the holding company of South Korea’s steel giant, reported a lower profit in the second quarter on rising raw material pr...

Samsung SDI to build new battery plant in Malaysia by 2025

Samsung SDI to build new battery plant in Malaysia by 2025

South Korea’s battery manufacturer Samsung SDI Co. held a groundbreaking ceremony for Plant 2 to make cylindrical batteries in Seremban, Mal...

POSCO Int'l tipped to merge with affiliated LNG terminal firm

POSCO Int'l tipped to merge with affiliated LNG terminal firm

POSCO International Co., a South Korean trading company, has embarked on a merger with its affiliate POSCO Energy Co. as their parent group is seeki...

Fashion platform Brandi eyes unicorn status with $51 mn funding round

Fashion platform Brandi eyes unicorn status with $51 mn funding round

South Korean fashion e-commerce platform Brandi Inc. has embarked on a 67 billion won ($51 million) funding round, hoping for around 800 billion w...

SK Square makes its first exit seeking new target firms

SK Square makes its first exit seeking new target firms

South Korean investment firm SK Square Co. has sold all of its shares in Korean biotech NanoEntek Inc., a 28.4% stake, for 58 billion won ($44.3 mil...

SK Hynix puts $3.3 billion factory plan on hold amid global uncertainty

SK Hynix puts $3.3 billion factory plan on hold amid global uncertainty

SK Hynix Inc., the world’s second-largest memory chipmaker, has decided to hold off on a 4.3 trillion won ($3.3 billion) plan to build a new N...

Won may head to 1,400 against the dollar for 1st time since 2008-09 crisis

Won may head to 1,400 against the dollar for 1st time since 2008-09 crisis

The South Korean won is expected to weaken to 1,400 against the dollar, a level not seen since the 2008-09 global financial crisis as the country&rs...

Bain Capital, Lotte Chem. among shortlisted bidders for Iljin

Bain Capital, Lotte Chem. among shortlisted bidders for Iljin

A US private equity firm Bain Capital and South Korea’s major petrochemical manufacturer Lotte Chemical Corp. were among the shortlisted candi...

LG Innotek dwarfs Korean rivals with hefty investment plan

LG Innotek dwarfs Korean rivals with hefty investment plan

LG Innotek Co., a major supplier of camera modules for Apple iPhones, is the only South Korean company to announce a billion-dollar facility investm...

BOK likely to take 50-bp big step hike to curb inflation

BOK likely to take 50-bp big step hike to curb inflation

South Korea’s central bank is expected to raise interest rates by 50 basis points (bps) on Wednesday for the first time in history to cool dow...

Sell Korea intensifies as foreigners dump bonds for 1st time in 18 months

Sell Korea intensifies as foreigners dump bonds for 1st time in 18 months

A selloff in risk assets in South Korea is intensifying as foreigners turned net sellers of Korean bonds for the first time in 18 months in June whi...

POSCO, LS Electric to build EV parts plants in Mexico

POSCO, LS Electric to build EV parts plants in Mexico

South Korea's POSCO International Co. broke ground on an electric vehicle parts plant in northern Mexico on July 6, while LS Electric Co. signed a t...

Hyundai Heavy’s KSOE wins $2.2 billion order for 10 LNG carriers

Hyundai Heavy’s KSOE wins $2.2 billion order for 10 LNG carriers

Korea Shipbuilding & Offshore Engineering Co. (KSOE), the intermediate holding company of the world’s top shipbuilder Hyundai Heavy Indust...

Korean companies' net issuance of bonds in H1 hits six-year low

Korean companies' net issuance of bonds in H1 hits six-year low

South Korea’s net issuance of corporate bonds during the first half of 2022 was its lowest in six years, according to Korea Financial Investme...

Korean won forecast to weaken further after hitting 13-year low

Korean won forecast to weaken further after hitting 13-year low

The South Korean won is expected to further depreciate after touching its lowest level since the 2008-2009 global financial crisis, on concerns that...

Small S.Korean PE firms flex muscle during pandemic

Small S.Korean PE firms flex muscle during pandemic

Private equity firms registered in South Korea enjoyed a 20% jump in their accumulated commitments in 2021 as a whole, led by small and medium-sized...

Samsung wins multi-billion-dollar camera module deal from Tesla

Samsung wins multi-billion-dollar camera module deal from Tesla

Samsung Electro-Mechanics Co., the electronic components unit of Samsung Group, has won a multi-billion-dollar deal to supply camera modules to Tesl...

POSCO sees battery materials sales double by 2030

POSCO sees battery materials sales double by 2030

South Korea’s POSCO Holdings Inc. expects sales of its rechargeable battery materials to more than double to 41 trillion won ($31 billion) by ...

Infotainment, telematics define LG’s new future with $6.2 billion in orders

Infotainment, telematics define LG’s new future with $6.2 billion in orders

When LG Electronics Inc. surprised the market last year by announcing that it was exiting the mobile phone business, one of its mainstay businesses,...

Unison Capital puts Korea dental scanner maker up for sale

Unison Capital puts Korea dental scanner maker up for sale

Unison Capital Inc., a middle-market focused private equity firm, put the world’s third-largest 3D dental scanner maker on the market. The dea...

Online lender K Bank revs up for IPO in Nov on surging net profit

Online lender K Bank revs up for IPO in Nov on surging net profit

K Bank submitted a preliminary assessment request to the Korea Stock Exchange on Thursday, the first step to an initial public offering. The on...

Hyundai Motor to launch investment affiliate in US for further growth

Hyundai Motor to launch investment affiliate in US for further growth

South Korea’s Hyundai Motor Group will establish an investment company in the US state of Delaware to expand its presence in the North America...

POSCO Chemical, Britishvolt sign initial deal for battery materials

POSCO Chemical, Britishvolt sign initial deal for battery materials

POSCO Chemical Co., a unit of South Korea’s top steel maker, and UK electric vehicle startup Britishvolt Ltd. have signed an initial agreement...

Korean biotech L&C Bio issues convertible bonds worth $46 mn

Korean biotech L&C Bio issues convertible bonds worth $46 mn

South Korean biotech company L&C Bio, which specializes in tissue regeneration treatment, is poised to ramp up its expansion into the Chinese ma...

LG eyes clean tech supremacy with $1.5 bn spending on green projects

LG eyes clean tech supremacy with $1.5 bn spending on green projects

South Korea’s fourth-largest conglomerate LG is setting its sights on clean energy technology as it steps up efforts to transform into an eco-...

Mercedes opens world’s 1st Maybach flagship center in Seoul Blackpink's new single Jump tops Spotify daily chart K-content goes culture: KPop Demon Hunters sparks K-goods craze POSCO supplies HIC-resistant steel for Aramco’s Fadhili gas plant Samsung supplies newest nanoprism image sensors to Xiaomi to crack Sony’s lead