Korea's Cha Bio Group to expand overseas real estate business

Cha Bio Group, consisting of Cha Biotech and Cha Vaccine Research Institute as its subsidiaries, has announced its expansion into the real estate in...

SK Enmove stresses pursuit of energy efficiency: CEO

"This year is the first year of SK Enmove's process of becoming an energy-efficiency company," said Park Sang-kyu, CEO of SK Enmove, a lubricant sub...

Samsung’s TV business launches customer marketing team

South Korea’s tech giant Samsung Electronics Co. is putting into action an age-old mantra that reflects the importance of customers in its bus...

LG Energy Solution joins global climate disclosure initiative

South Korean battery maker LG Energy Solution Ltd. said on Wednesday that it has become the first domestic battery maker to endorse the Task Force o...

Samsung develops world's first reusable air filter for harmful gases

Samsung Electronics Co., the South Korean electronics giant, has developed the world’s first filter that can remove both fine dust and harmful...

SK Ecoplant enters bioenergy sector with waste-to-fuel tech

South Korea's SK Ecoplant Co. will supply fuel made from the conversion of food waste.The company on Thursday said it entered the bioenergy market a...

Korean PE firm STIC to buy stake in copper foil maker Iljin

South Korean private equity firm STIC Investments is poised to become the second-largest shareholder of Iljin Materials Co., a Kosdaq-listed battery...

AMCHAM head James Kim joins Hyundai Mobis as outside director

James Kim, chairman of the American Chamber of Commerce in Korea (AMCHAM), is joining South Korea’s largest auto parts maker Hyundai Mobis Co....

NHN Cloud joins Cloud Native Computing Foundation's KCSP program

South Korea's NHN Cloud announced on Wednesday that it had become a Kubernetes Certified Service Provider (KCSP), which is a partner program created...

Plain sailing for LS with record earnings under Chairman Koo’s leadership

LS Group’s plan to groom new growth engines from batteries to electric vehicles and semiconductors is set to gain impetus after South Korea&rs...

LG Energy Solution tops global EV battery market excluding China

South Korea's LG Energy Solution Ltd. for the second straight year was No. 1 on the global market for electric vehicle (EV) batteries excluding Chin...

Samsung Electronics, KAIST join forces to train robotics experts

Samsung Electronics Co. has partnered with the Korea Advanced Institute of Science and Technology (KAIST) to cultivate specialists in robotics. On M...

Korean builders to ramp up overseas business in 2023

Major South Korean construction firms are set to expand their overseas business while reducing domestic projects this year to boost profitability. T...

S.Korea's Kyung Dong Navien expands its business in Central Asia

South Korea's heating systems manufacturer Kyung Dong Navien Co. held a conference for 100 local dealers in Tashkent, Uzbekistan, on Feb. 10.The con...

S.Korea's Hoban Group signs agreement with Aramco for cooperation

Hoban Group, South Korea's construction, property development, and manufacturing conglomerate, said Monday that it has signed a memorandum of unders...

Why SM emerged as hot battlefield between HYBE, Kakao

SM Entertainment Co., a South Korean music label widely credited as the pioneer of K-pop, has emerged as a new battlefield between HYBE Co., the age...

S.Korea doubles undocumented overseas remittance limit to $100,000

South Korea as early as June will double its annual limit on overseas remittance without evidential documents from $50,000 to $100,000.The Ministry ...

Doosan joins forces with S.Australian gov't to expand hydrogen business

Doosan Fuel Cell plans to expand its hydrogen business overseas. The company on Thursday said it had signed an agreement with the state of Sout...

KT DS secures global standard certification for Smart-X

KT DS, an IT service arm of South Korea's KT Group, said on Thursday that its Internet-of-Things (IoT) solution Smart-X has passed the oneM2M certif...

Chanel Korea to power its stores with renewable energy

Chanel Korea has taken a step toward reducing its carbon footprint by signing a memorandum of understanding (MOU) with Korea East-West Power. The ag...

CJ Olive Young faces discipline for abuse of power with suppliers

CJ Olive Young Co., South Korea’s top beauty store chain, will face punishment by the country’s antitrust regulator for abuse of power o...

Korea EV battery makers lose market share against Chinese rivals

South Korean electric vehicle cell makers lost a market share against Chinese competitors last year as they failed to fully benefit from a surge in ...

SK E&S, Ce-tek demonstrate carbon dioxide absorbent

Ce-tek, a research company in carbon capture technology supported by South Korea's SK E&S, has conducted a demonstration experiment that dramati...

FKI to be more open, future-minded and international as part of reform

South Korea’s major business lobby group the Federation of Korean Industries (FKI) will become a more open and future-oriented business group ...

Lotte Group to directly control global real estate unit

Lotte Corp., the fifth-largest conglomerate in South Korea, is poised to strengthen its real estate development unit under the direct control of the...

S.Korea-Australia renew $8.1 bn currency swap deal for 5 years

The Bank of Korea (BOK) and the Australian Central Bank have agreed to extend the valid date of the current Australian dollar/won currency swap cont...

Hyundai Rotem releases data on eco-friendly railway businesses

Hyundai Rotem, the railway system subsidiary of Hyundai Motor Group, announced on Monday it has published information about its sales and research a...

SK Ecoplant changes North American corporation name

SK Ecoplant Co., a construction company of S.Korea's SK Group, said on Monday that it would change the name of its North American corporation BETEK,...

Citibank Korea provides $412 mn to POSCO for Argentine business

Citibank Korea signed on Jan. 25 a financial contract with POSCO Argentina, a subsidiary of South Korea's steel and secondary battery raw material g...

LG Group to invest $2.7 bn in decarbonization by 2030

South Korea's No. 4 conglomerate LG Corp. is set to accelerate its net zero by 2050 strategies.LG will invest 3.4 trillion won ($2.7 billion) by 203...