Korea shipbuilders aim for strong demand on tougher rules

South Korea’s shipbuilders targeted demand for new vessels and ship modification as tougher environmental regulations are scheduled to take ef...

Hyundai to adopt multiple car assembly system at local plant from August

Hyundai Motor Co. is introducing a multiple vehicle assembly system at its main plant in South Korea to better respond to rising market demand for d...

Krafton signs MOU with Solana for blockchain-based games and services

South Korea’s leading game developer Krafton Inc. announced Wednesday it signed a memorandum of understanding with San Francisco-based Solana ...

POSCO to invest $4 bn in Argentina battery materials project

South Korea’s POSCO Group is set to spend $4 billion for the capacity expansion of a new lithium hydroxide factory in Argentina and cathode ma...

Samsung Electro-Mechanics to invest $245 mn more in capex

South Korea’s Samsung Electro-Mechanics will spend more on increasing its semiconductor package substrate production capacity in order to meet...

Korea rises as test bed for global luxury brands

South Korea is becoming a test bed for global high-end brands such as Balenciaga, Valentino, IWC and Breitling. The world's top luxury brands, pre...

Hyundai, BAIC Motor to inject $942 mn in China JV for EVs

Hyundai Motor Co., South Korea’s top automaker, is set to invest more in China to revive its business on the mainland through quality electric...

Samsung SDI to run all-solid-state battery pilot line

Samsung SDI Co. is poised to become one of the few electric vehicle battery manufacturers in the world to run a pilot production line of all-solid-s...

SK E&S to start business of carbon storage in depleted gas fields

South Korea’s SK E&S Co. is set to enter the business of carbon storage in depleted gas fields.The natural gas business unit of SK Group s...

Korean won nears 2-year low, adds to inflation woes

The South Korean won currency tumbled to its lowest point in almost two years on Friday, adding to inflationary pressure in Asia’s fourth-larg...

Hyosung to expand carbon fiber production for hydrogen tanks

South Korea’s Hyosung Advanced Materials Corp. is expanding its carbon fiber production by adding a third line to meet the growing demand for ...

Smart factories drive Korea SMEs to reshore overseas plants

South Korea’s small and medium-sized enterprises adopted smart factories for survival as the digitalized facilities improve productivity and q...

Hyundai accelerates electrification strategy, targets 7% of EV market

South Korea’s top automaker Hyundai Motor Group on Wednesday set out its vision to become a top-tier eco-friendly auto brand by accelerating i...

Hyundai's first Saudi JV shipyard slated for 2023 completion

South Korea's Hyundai Heavy Industries Holdings Co. is scheduled to construct a large-scale shipyard for very large crude carriers (VLCCs) and a mar...

US chipmakers announce 10% hike in NAND flash prices 

US semiconductor manufacturer Western Digital Corp. announced Tuesday it will raise the price of its NAND flash memory chips by 10%. Earlier ...

POSCO Chem to expand low-expansion anode materials output

South Korea’s POSCO Chemical Co. plans to fivefold production of low-expansion anode materials, high-value-added ingredients for electric vehi...

Korean firms on high alert as Russia invades Ukraine

Samsung Electronics Co., Hyundai Motor Co. and other South Korean companies are on high alert as Russia launched a military attack in Ukraine.They a...

Skincare giant Cosmax adds pet care line

South Korea’s beauty products manufacturer Cosmax Inc. has entered the rapidly growing pet products market.The company specializes in receiv...

Hanwha Defense secures land for K9 howitzer production in Australia

Hanwha Defense Co. announced Wednesday it has secured a large property in Australia for building a production facility for the K9 Thunder self-prope...

Korea’s trading firms set sights on EV parts production for growth

South Korea’s general trading companies, which usually work as middlemen linking buyers with sellers, are seeking to transform into eco-friend...

SK On aims to dominate global battery market by 2030

SK On Co. is on track to become the world’s No. 1 battery maker by 2030, the company said on Sunday. During an interview with the in-ho...

With Samsung’s new Bespoke lineup, it’s home made perfect

Samsung Electronics Co. on Thursday unveiled a new lineup of its flagship Bespoke home appliances, including a newly introduced premium line of Besp...

APG urges Samsung, other Korean carbon emitters to take action

Europe’s largest pension fund manager APG has urged Samsung Electronics Co. and nine other major South Korean companies to drastically cut the...

Korea’s Solus supplies battery copper foil to Tesla

South Korea’s Solus Advanced Materials started supplying battery copper foil to Tesla Inc. in January, becoming the country’s first batt...

Lotte to develop seawater-degradable bioplastic material

South Korea’s Lotte Chemical Corp. plans to develop a decomposable bioplastic material in seawater for production based on petrochemicals for ...

SK Hynix to benefit from Western Digital production disruption

South Korea’s SK Hynix Inc., the world’s second-largest memory chipmaker, is expected to be a key beneficiary from production disruption...

S.Korea urged to embrace nuclear power to go carbon free

The topic of RE100, a multinational campaign to make a full switch to renewable energy by 2050, was brought up last week during a debate among four ...

Samsung SDI in talks with global automaker for battery joint venture

South Korea’s Samsung SDI Co. is in talks with a global automaker to launch a battery production joint venture following its partnership last ...

Hyosung goes greener with $836 million green hydrogen project

Hyosung Group is stepping up efforts to turn into an eco-friendly business, announcing huge investment plans on hydrogen and renewable energy projec...

Korea's Mirae Asset to launch digital asset business

Mirae Asset Financial Group, South Korea’s capital market giant, is set to enter the digital asset business, starting with a digital asset cus...