STX starts exploration drilling at Indonesian nickel mine

STX starts exploration drilling at Indonesian nickel mine

South Korea’s general trading company STX Corp. has started works to probe the contents of known ore deposits at an Indonesian nickel mine it ...

HD Hyundai Oilbank secures bio-based material supply network

HD Hyundai Oilbank secures bio-based material supply network

South Korea's HD Hyundai Oilbank announced on Tuesday it signed contracts with Indonesia's Korindo Group and Korea's LX International for the purcha...

CJ CheilJedang’s frozen rice sales surpass $74 mn in US

CJ CheilJedang’s frozen rice sales surpass $74 mn in US

South Korean food company CJ CheilJedang Corp. announced on Monday the cumulative sales of its frozen rice products produced and sold in the United ...

Kumho Petrochem, POSCO look to carbon nanotube JV, share swap

Kumho Petrochem, POSCO look to carbon nanotube JV, share swap

South Korea’s Kumho Petrochemical Co. and POSCO International Corp. are considering launching a joint venture to produce carbon nanotubes (CNT...

Samsung Biologics eyes new drugmaker acquisitions

Samsung Biologics eyes new drugmaker acquisitions

BARCELONA -- Samsung Biologics Co., the world’s top contract manufacturing organization by capacity, is looking for acquisitions of new drugma...

Samsung Electro-Mechanics sees share price target cut

Samsung Electro-Mechanics sees share price target cut

South Korean brokerages have downgraded their target prices for Samsung Electro-Mechanics, following a significant earnings shock in the third quart...

Korean garment maker Hansae targets growth amid economic woes

Korean garment maker Hansae targets growth amid economic woes

HO CHI MINH CITY – South Korean garment maker Hansae Co. expects to see decent growth in sales and profits next year despite the global clothi...

S.Korean HD Hyundai inks $3.9 bn Qatar LNG tanker deal

S.Korean HD Hyundai inks $3.9 bn Qatar LNG tanker deal

DOHA -- HD Hyundai Heavy Industries Co., the world’s second-largest shipyard, has won a $3.9 billion deal to build 17 liquified natural gas ca...

LG Energy Solution to start producing cheaper EV batteries

LG Energy Solution to start producing cheaper EV batteries

LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, plans to manufacture cheaper EV batteries such as lithium ...

KKR expected to buy 100% stake in Taeyoung Industry

KKR expected to buy 100% stake in Taeyoung Industry

Global private equity giant KKR & Co. Inc. is expected to take over Taeyoung Industry Corp., a cash cow of South Korea’s medium-sized busi...

POSCO Future M sees cathode material prices falling 12% in Q4

POSCO Future M sees cathode material prices falling 12% in Q4

South Korean electric vehicle battery materials maker POSCO Future M Co. predicts that cathode material prices in the fourth quarter will drop as mu...

Lotte Home Shopping, Thai TACC in Bellygom character licensing deal

Lotte Home Shopping, Thai TACC in Bellygom character licensing deal

Lotte Home Shopping Inc. has signed a character licensing agreement with Thailand’s TAC Consumer Public Co. (TACC), a lifestyle product and be...

CS Wind eyes $2.2 bn sales in 2024 with Bladt

CS Wind eyes $2.2 bn sales in 2024 with Bladt

CS Wind Corp., a South Korean wind turbine tower manufacturer, expects its sales next year to double from last year’s to reach about 3 trillio...

Hanmi Pharma’s Phase 3 trials for anti-obesity medicine approved

Hanmi Pharma’s Phase 3 trials for anti-obesity medicine approved

South Korea’s Hanmi Pharmaceutical Co. on Monday said the Ministry of Food and Drug Safety approved Phase 3 clinical trials for the company&...

Korea’s antitrust body grants conditional OK to Broadcom-VMware deal

Korea’s antitrust body grants conditional OK to Broadcom-VMware deal

South Korea’s antitrust regulator on Monday granted conditional approval for US smartphone components maker Broadcom Inc.’s proposed pur...

Tesla supplier L&F to ink $15 bn materials deal in Europe

Tesla supplier L&F to ink $15 bn materials deal in Europe

L&F Co., a South Korean electric vehicle battery materials supplier to Tesla Inc., is set to sell products in Europe through an estimated $15 bi...

Hyundai Motor, PIF to invest $500 mn to build car plant in Saudi Arabia

Hyundai Motor, PIF to invest $500 mn to build car plant in Saudi Arabia

RIYADH – Hyundai Motor Co. has agreed with the Public Investment Fund, Saudi Arabia’s sovereign fund, to set up a joint venture to build...

Samsung SDI inks first battery supply deal with Hyundai

Samsung SDI inks first battery supply deal with Hyundai

Samsung SDI Co. said on Monday it has signed its first supply agreement with Hyundai Motor Co. to become the South Korean carmaker’s third dom...

China’s graphite export curbs deal blow to Korean battery sector

China’s graphite export curbs deal blow to Korean battery sector

South Korean electric vehicle battery and battery component makers are fretting over the Chinese government’s impending restrictions on export...

Hyundai, Kia aim for 20% share in Middle East with EVs by 2030

Hyundai, Kia aim for 20% share in Middle East with EVs by 2030

Hyundai Motor Co. and its sibling Kia Corp. together target selling 550,000 cars annually in the Middle East by 2030 to control about 20% of the reg...

Korea's HMM creditors convert $739 mn bonds into shares

Korea's HMM creditors convert $739 mn bonds into shares

Shares of HMM Co., South Korea’s No. 1 container line, are likely to fall as its main creditors exchanged perpetual convertible bonds (CBs) an...

Kakao Enterprise, Salesforce establish joint sales partnership

Kakao Enterprise, Salesforce establish joint sales partnership

South Korea's Kakao Enterprise Corp. announced on Friday that it has formed a joint sales partnership with Salesforce Korea to support digital innov...

Blackstone names Koramco preferred bidder for $553 mn landmark

Blackstone names Koramco preferred bidder for $553 mn landmark

Blackstone Inc. has tapped South Korea’s Koramco REITs Management and Trust Co. as the preferred bidder for prime office building Arc Place, t...

Hyundai Motor muscles into online used car market

Hyundai Motor muscles into online used car market

Hyundai Motor Co. is slated to start selling certified used cars online from Oct. 24, three years after its announcement to enter the 30 trillion wo...

Samsung Bioepis releases Soliris biosimilar in Europe

Samsung Bioepis releases Soliris biosimilar in Europe

Samsung Bioepis Co., a biopharmaceutical research and development unit under South Korea's Samsung Group, is rolling out its latest product Epysqli,...

Taeyoung to sell cash cow to shore up ailing construction arm

Taeyoung to sell cash cow to shore up ailing construction arm

South Korea’s medium-sized business group Taeyoung Group said on Wednesday it is near to selling its cash cow logistics unit to shore up its f...

Hyundai, Kia sign power chip supply, tech tie-up deal with Infineon

Hyundai, Kia sign power chip supply, tech tie-up deal with Infineon

South Korea’s top automaker Hyundai Motor Group has formed a strategic partnership with German chipmaker Infineon Technologies AG to secure a ...

Zuellig mulls acquiring S.Korea’s top drug distributor Geo-Young

Zuellig mulls acquiring S.Korea’s top drug distributor Geo-Young

Asia’s leading drug distributor Zuellig Pharma is considering the acquisition of Geo-Young Corp., the largest medicine wholesaler in South Kor...

Ably's amood to support K-fashion's expansion into Japan

 Ably's amood to support K-fashion's expansion into Japan

South Korean fashion commerce platform Ably Corp. announced on Wednesday its Japanese shopping platform amood starts a one-stop service for domestic...

Brookfield puts Conrad Seoul on market at over $370 mn

Brookfield puts Conrad Seoul on market at over $370 mn

Brookfield Asset Management is seeking to sell off five-star hotel Conrad Seoul at more than 500 billion won ($369.5 million), tapping real estate i...

LG links up with Chinese rivals for budget appliance supremacy Mercedes opens world’s 1st Maybach flagship center in Seoul Blackpink's new single Jump tops Spotify daily chart K-content goes cultural: KPop Demon Hunters sparks heritage K-goods craze POSCO supplies HIC-resistant steel for Aramco’s Fadhili gas plant