secondary battery maker
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Retail
KT&G sues its top contract manufacturer over patents
KT&G Corp., the world’s fifth-largest tobacco company, has sued its largest e-cigarette outsourcing firm EM-Tech. Co., claiming the co-dev...
Jun 07, 2022 (Gmt+09:00)
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Automobiles
Hyundai revs up car output amid signs of easing auto chip crunch
As the global chip supply shortage shows signs of easing, South Korea’s top automaker Hyundai Motor Co. is working down its order backlog by...
Jun 06, 2022 (Gmt+09:00)
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Batteries
LG Chem, Korea Zinc affiliate KEMCO to launch battery precursor JV
South Korea’s top chemicals company LG Chem Ltd. and the world’s largest zinc and lead smelter Korea Zinc Co. have agreed to launch a ba...
Jun 02, 2022 (Gmt+09:00)
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Korean SMEs
Korea composite materials maker to expand aerospace biz
South Korea’s top advanced composite materials producer aims to speed up its expansion in the aerospace sector with the acquisition of an airp...
Jun 02, 2022 (Gmt+09:00)
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Batteries
LG Chem to launch JV with China's Huayou Cobalt for battery materials
LG Chem Ltd. announced Tuesday it will set up a joint venture with Chinese mining company Zhejiang Huayou Cobalt Co. to secure a steady supply of ra...
Jun 01, 2022 (Gmt+09:00)
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Korean SMEs
Korea top capsule maker expands Vietnam plant in global push
South Korea’s top capsule and functional food maker is expanding its plant in Vietnam to raise its presence in the world market with the goal ...
May 31, 2022 (Gmt+09:00)
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Batteries
Why batteries were left out of Samsung's huge investment plan
Citigroup Global Markets on Monday slashed its target price for Samsung SDI Co., one of South Korea's top three battery makers, by almost half and d...
May 30, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Iljin Materials aims to complete stake sale in August
Iljin Materials Co., a South Korean electric vehicle battery materials maker, accelerated the process of the sale of a majority stake in a deal esti...
May 30, 2022 (Gmt+09:00)
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Batteries
SK On to bolster US business with Ford's EV pickup truck sales
SK On Co., South Korea’s leading electric vehicle battery manufacturer, is expected to improve production capacity as its client Ford Motor Co...
May 29, 2022 (Gmt+09:00)
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Batteries
POSCO, GM JV inks battery materials supply deal worth $16 bn
South Korea’s POSCO Chemical Co. and General Motors Co. on Friday agreed to set up a joint venture that will supply about 20 trillion won ($16...
May 27, 2022 (Gmt+09:00)
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Corporate investment
POSCO Group looks to treble corporate value by 2030
South Korea’s POSCO Group will invest 53 trillion won ($42 billion) by 2026 primarily in its steel, rechargeable battery materials and hydroge...
May 26, 2022 (Gmt+09:00)
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Corporate investment
LG bets $34 bn on battery, automotive electronics biz for its future
LG Group, South Korea’s fourth-largest conglomerate, is set to pour $34 billion into the battery, automotive electronics and other future grow...
May 26, 2022 (Gmt+09:00)
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Corporate investment
SK takes aim at chips, batteries, bio with $195 billion investment
SK Group, South Korea’s second-largest conglomerate after Samsung, on Thursday announced a plan to invest 247 trillion won ($195 billion) in k...
May 26, 2022 (Gmt+09:00)
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Sovereign wealth funds
KIC, PE firm WWG to invest $450 mn in equipment maker Duravant
Korea Investment Corporation (KIC), the South Korean sovereign wealth fund, and private equity firm White Whale Group (WWG) are slated to jointly in...
May 26, 2022 (Gmt+09:00)
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Batteries
Samsung SDI, Stellantis pick Indiana for US EV battery plant
Samsung SDI Co., the world’s sixth-largest battery maker, and Dutch-domiciled multinational automaker Stellantis N.V. picked the state of...
May 24, 2022 (Gmt+09:00)
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Korean chipmakers
Hanmi Semiconductor among top 10 chip machine makers: TechInsights
Hanmi Semiconductor Co., a South Korean chip equipment manufacturer, has been chosen as one of the world’s top 10 chip fabrication machine mak...
May 24, 2022 (Gmt+09:00)
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Robotics
Hyundai Wia likely to deploy smart robots at Georgia EV plant
Hyundai Wia Corp., an auto parts unit of Hyundai Motor Group, will likely deploy smart robots at the group’s first dedicated electric vehicle ...
May 24, 2022 (Gmt+09:00)
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Machinery
Korean agricultural machinery maker to expand US production
South Korea’s major farm machinery maker is set to invest $20 million in manufacturing facilities in the US state of Georgia, to expand its bu...
May 22, 2022 (Gmt+09:00)
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Bio & Pharma
Daewoong's Nabota approved for sale in Saudi Arabia, Ukraine
South Korea’s Daewoong Pharmaceutical Co. has obtained approval for the sale of its botulinum toxin product, Nabota, in Saudi Arabia and Ukrai...
May 19, 2022 (Gmt+09:00)
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Electronics
LG Display to nurture its own display experts at local graduate schools
LG Display Co. is joining other South Korean big companies in a race to foster their own talent by establishing relevant departments at prestigious ...
May 18, 2022 (Gmt+09:00)
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Batteries
LG Energy, SK On to add prismatic types to EV cell lineups
LG Energy Solution Ltd. and SK On Co., the world’s No. 2 and No. 5 battery makers, respectively, are set to add prismatic batteries to their l...
May 17, 2022 (Gmt+09:00)
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Electronics
Volkswagen partner SoluM eyes top spot in global ESL market
SoluM Co., a South Korean mid-sized electronic component maker, is eyeing record performance this year, thanks to orders from Volkswagen AG and Elon...
May 17, 2022 (Gmt+09:00)
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Mergers & Acquisitions
SK On bolsters M&A team with new executive hires
SK On Co., an electric vehicle battery maker of SK Innovation Co., is bolstering its M&A team by hiring M&A experts from a leading law firm ...
May 17, 2022 (Gmt+09:00)
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Batteries
Korea’s Iljin to build $391 mn battery materials plant in Spain
South Korea’s Iljin Materials Co. plans to invest 500 billion won ($391.2 million) in a battery materials plant in Spain, its first production...
May 17, 2022 (Gmt+09:00)
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Private equity
LB Private Equity posts 65% return via secondary, mezzanine
LB Private Equity Inc., a South Korean PE firm specializing in secondary and buyout investments, has liquidated its 120 billion won ($93.4 million) ...
May 16, 2022 (Gmt+09:00)
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Korean SMEs
Korea's top patient monitoring device maker targets pet sector
South Korea’s leading patient monitoring device maker Mediana Co. is targeting the pet medical industry while seeking an artificial intelligen...
May 16, 2022 (Gmt+09:00)
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Batteries
SK On to build $2.3 bn EV battery plant for Hyundai in US
SK On Co., the world’s fifth-largest electric vehicle battery manufacturer, plans to build a new US factory to supply batteries to a planned E...
May 12, 2022 (Gmt+09:00)
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Batteries
LG Energy completes LFP battery development for Tesla
South Korea’s LG Energy Solution Ltd., the world’s No. 2 battery producer, boosted its muscle to court industry leader China’s Con...
May 12, 2022 (Gmt+09:00)
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Batteries
LG Energy begins joint research on smart factory tech with elite institute
LG Energy Solution Ltd. and Pohang-based Research Institute of Industrial Science and Technology (RIST) announced Wednesday they will embark on join...
May 12, 2022 (Gmt+09:00)
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IPOs
One Store becomes fifth Korean IPO dropout this year
One Store Co., South Korea's homegrown app store, on Wednesday canceled its initial public offering on the Korea Exchange, after its shares failed t...
May 11, 2022 (Gmt+09:00)
Latest News
- 1 Coupang bids for Korean luxury market dominance with Farfetch
- 2 Hyundai Rotem set to finalize $6 bn K2 tank order from Poland
- 3 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 4 Korea to allow non-profits to buy bad consumer loans
- 5 LG to drive future growth in emerging markets with battery prowess