SK Chemicals to invest $1.6 bn in green, biopharmaceutical sectors

SK Chemicals to invest $1.6 bn in green, biopharmaceutical sectors

South Korea’s SK Chemicals plans to invest more than 2 trillion won ($1.6 billion) in eco-friendly material and biopharmaceutical businesses.T...

Bulk of Korean firms to face losses if oil price soars to $150

Bulk of Korean firms to face losses if oil price soars to $150

Seven out of 10 South Korean companies predict they will swing to operating losses if global oil prices soar to $150 a barrel, a survey showed on Su...

SK E&S buys EverCharge to enter US EV charging market

SK E&S buys EverCharge to enter US EV charging market

South Korea’s SK E&S Co. acquired US electric vehicle charging solution provider EverCharge Inc. to start the business in the world’...

Samsung, LG, SK step up push into blockchain market

Samsung, LG, SK step up push into blockchain market

Top South Korean conglomerates such as Samsung, LG and SK are stepping up efforts to build a presence in the blockchain and crypto-asset markets, a ...

SK tipped to be Korea's 1st group to issue digital coins

SK tipped to be Korea's 1st group to issue digital coins

SK Square Co., the investment arm of SK Group, is working on issuing its own digital currency within the year, according to people with knowledge of...

SK Bioscience becomes first to win domestic COVID-19 vaccine contract 

SK Bioscience becomes first to win domestic COVID-19 vaccine contract 

SK Bioscience Co. said it reached a deal with Korea’s disease control agency to supply 10 million doses of the country’s first experimen...

SK Ecoplant eyes H2 2023 Kospi listing

SK Ecoplant eyes H2 2023 Kospi listing

SK Ecoplant Co., South Korea's largest waste management company, said on Monday it has sent a request for proposal to major brokerage companies at h...

SK Siltron to invest $300 mn in US capacity expansion

SK Siltron to invest $300 mn in US capacity expansion

Auburn, Michigan – South Korea’s silicon wafer maker SK Siltron Co. will invest $300 million to increase production capacity by ten time...

LG, SK, Samsung unveil next-generation battery roadmaps at InterBattery

LG, SK, Samsung unveil next-generation battery roadmaps at InterBattery

South Korea’s three major battery makers are showcasing their latest rechargeable batteries for electric vehicles while unveiling their roadma...

SK Siltron to ramp up silicon wafer output from 2024

SK Siltron to ramp up silicon wafer output from 2024

South Korean silicon wafer maker SK Siltron Co. on Wednesday announced a plan to spend 1 trillion won ($810 million) on its domestic capacity expans...

SK Geo Centric invests $55 mn in US plastic waste recycling firm

SK Geo Centric invests $55 mn in US plastic waste recycling firm

South Korea’s SK Geo Centric Co. invested $55 million in US plastic waste recycling company PureCycle Technologies Inc. in a move to transform...

SK On, Ford to set up battery JV in Turkey for Europe

SK On, Ford to set up battery JV in Turkey for Europe

South Korean battery maker SK On Co. and Ford Motor Co. will set up a joint venture to produce electric vehicle batteries in Turkey with a local com...

Korea jittery over oil, gas, commodity weaponization

Korea jittery over oil, gas, commodity weaponization

South Korea’s energy and raw materials imports have surged to all-time highs in value terms in the wake of Russia’s invasion of Ukraine,...

Korea reopening stocks rally as govt. eases COVID-19 restrictions

Korea reopening stocks rally as govt. eases COVID-19 restrictions

South Korea’s reopening stocks jumped on Friday as the government eases COVID-19-curbing restrictions and as the number of the Omicron variant...

Goldman sees Samsung, SK Hynix shares up 50% over next 12 mths

Goldman sees Samsung, SK Hynix shares up 50% over next 12 mths

The share prices of the world’s two largest memory chipmakers Samsung Electronics Co. and SK Hynix Inc. each have room to rise by about 50% ov...

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

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...

SK units at risk of rating cuts on aggressive investments

SK units at risk of rating cuts on aggressive investments

South Korea’s SK Group units focusing on investments in new eco-friendly industries are facing risks of credit rating downgrades.Investors hav...

Korean won extends losses as oil hits 14-year high

Korean won extends losses as oil hits 14-year high

South Korea’s won currency skidded to a fresh low in nearly two years as oil prices spiked to a 14-year peak with fears of a prolonged war bet...

SK Group's PE-funded transformation in the spotlight

SK Group's PE-funded transformation in the spotlight

SK Group stands out from other South Korean conglomerates in making good use of private equity funds to raise money for business expansion.The count...

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

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...

Korea swings to trade surplus in Feb; Russia risks loom

Korea swings to trade surplus in Feb; Russia risks loom

South Korea logged a trade surplus in February on strong exports after deficits in the previous two months, the recovery remained fragile, given Rus...

SK Ecoplant raises over $800 mn from Korean PE firms

SK Ecoplant raises over $800 mn from Korean PE firms

South Korea's SK Ecoplant Co. has raised a total of 1 trillion won ($830 million) from four domestic private equity firms, including 390 billion won...

SK On narrows bidders to BlackRock, Carlyle, KKR, GIC

SK On narrows bidders to BlackRock, Carlyle, KKR, GIC

South Korean battery maker SK On Co. has narrowed bidders for its shares worth up to $3.3 billion to four candidates -- BlackRock, The Carlyle Group...

BOK sees inflation at 11-year high as oil tops $100 on Ukraine crisis

BOK sees inflation at 11-year high as oil tops $100 on Ukraine crisis

South Korea’s central bank expects consumer inflation to hit an 11-year high this year as oil prices jumped above the $100 a barrel level for ...

Korean battery sector to heat up IPO market again

Korean battery sector to heat up IPO market again

South Korea’s battery industry is expected to heat up the initial public offering market later this year as battery materials and equipment ma...

Ukraine crisis haunts global stocks; oil prices surge

Ukraine crisis haunts global stocks; oil prices surge

Global stock markets tumbled and oil prices hit their highest levels since 2014 on Tuesday as Russian President Vladimir Putin ordered troops into b...

SK Group head Chey to assume chair post at SK Telecom 

SK Group head Chey to assume chair post at SK Telecom 

SK Group chairman Chey Tae-won will assume an additional post as a chairman of SK Telecom Co.The conglomerate’s holding company SK Inc. announ...

Korea Inc. revises business plans as rising oil prices hit economy

Korea Inc. revises business plans as rising oil prices hit economy

South Korean companies are revising their business plans for this year as soaring oil prices slam Asia’s fourth-largest economy. Inflation is ...

SK Ecoplant buys e-waste recycling firm for $1 bn

SK Ecoplant buys e-waste recycling firm for $1 bn

South Korea's SK Ecoplant Co. has acquired Singapore-based electronic waste (e-waste) disposal and recycling company TES Envirocorp Pte. Ltd for $1 ...

SK On aims to dominate global battery market by 2030

 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...

Samsung Heavy Industries clinches $635 mn preliminary FLNG deal with African shipowner Gochujang, fiery seasonings: K-sauces go viral among adventurous foreign palates HD Hyundai, India’s Cochin Shipyard to pursue joint shipbuilding orders SK Innovation to restore Vietnam’s mangrove forests in ESG initiative LG Electronics' Q2 profit halved as US tariffs bite