POSCO International to set up EV parts factory in Poland

POSCO International, the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., plans to build an elect...

SK Geo Centric to attend event hosted by French president

South Korea’s recycling specialist SK Geo Centric on Monday said its CEO Na Kyung-soo will attend the next day the Choose France summit at the...

Doosan begins pre-IPO funding round for US fuel cell unit HyAxiom

Doosan Corp., the holding company of South Korean plant-to-machinery conglomerate Doosan Group, is slated to attract $200 million for its hydrogen f...

KEPCO vows to save $19 bn in 5 yrs; CEO offers to resign over swelling losses

South Korea’s state-run utility monopoly Korea Electric Power Corp. (KEPCO) on Friday vowed to save nearly 26 trillion won ($19.5 billion) ove...

Hyundai Motor posts largest share of global hydrogen car market in Q1

Hyundai Motor Co. in the first quarter controlled over half of the global market for fuel cell electric vehicles (FCEV) powered by hydrogen thanks t...

Samsung Electronics to open flagship store in Seoul's Gangnam district

Samsung Electronics Co. in late June will open its new flagship store Samsung Gangnam near Gangnam Station, a posh area of Seoul.Sources from the in...

S.Korea to prop up quantum tech with academia, private sector   

South Korea, trailing in the global race for quantum technology, will open a new quantum technology-dedicated graduate school with a consortium led ...

FKI, Keidanren launch fund for Korea-Japan partnerships

TOKYO – Major business lobby groups of South Korea and Japan have created a partnership fund of 200 million yen ($1.5 million) to accelerate i...

Kolon Industries to increase aramid pulp production for EVs

Kolon Industries Inc., a leading industrial materials maker in South Korea, said on Wednesday it will inject 22 billion won ($16.6 million) to expan...

Hankook Tire takes on market for high-end sports cars

South Korea's Hankook Tire & Technology is reinforcing its partnerships with makers of high-performance sports cars based on a systematic develo...

Hyundai Motor drives software unit's Q1 sales higher

Record-setting earnings at South Korea’s Hyundai Motor Group have driven its vehicle software platform’s sales sharply higher and painte...

Samsung to unveil new foldables in July to boost Q3 profit

Samsung Electronics Co. is set to unveil fifth-generation of its foldable smartphones at the end of July, about two weeks earlier than it had showca...

Hyundai, Kia’s brisk April sales bode well for stellar Q2

The second-quarter earnings outlook for South Korea’s biggest automaker Hyundai Motor Co. and its sister company Kia Corp. looks rosy as eased...

Asleep forms partnership with National Sleep Foundation of US

South Korea's sleep technology startup Asleep, which was part of an economic delegation accompanying President Yoon Suk Yeol's recent state visit to...

SKIET to supply battery separators to major client in China

South Korea’s battery separator maker SK IE Technology Co. (SKIET) will supply separators to a major electric vehicle (EV) battery maker in Ch...

Korean builders fare well in Q1 with overseas projects

South Korea’s leading construction companies, led by Hyundai Engineering & Construction Co. (Hyundai E&C), posted modest operating pro...

Hyundai Mobis to lead mobility platform innovation: CEO Cho

Hyundai Mobis Co. will take another leap forward to become a mobility platform provider for future mobility technologies and bolster its new growth ...

S.Korea’s car exports hit record high of $15.4 bn in Q1

South Korea's car exports achieved their highest-ever record in the first quarter 2023, increasing by over 40% from a year ago, according to data fr...

SK Telecom, Golfzon develop AI golf platform

An artificial intelligence platform in South Korea has produced a golfing coach that analyzes and diagnoses problems in swing posture and recommends...

POSCO Int’l Q1 operating profit up 30% with merged energy affiliate

POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., reported a 30% on...

KT Submarine to install part of undersea cable for Google, Meta

South Korea’s undersea cable company KT Submarine Co. said on Thursday that it has signed a 9.2 billion won ($6.85 million) contract with Japa...

S.Korea’s IT parts makers reeling from sluggish smartphone, TV sales performance

  South Korea’s major information technology parts makers like Samsung Electro-Mechanics, LG Innotek and LG Display Co. suffered huge dr...

Kia expects stellar Q2 after reporting record operating profit in Q1

Kia Corp., the smaller sibling of South Korea’s largest automaker Hyundai Motor Co., presented a rosy earnings outlook for the second quarter ...

POSCO beats Lotte to join S.Korea’s top 5 conglomerates

Steel giant POSCO has joined the ranks of South Korea’s top five conglomerates for the first time, supported by strong earnings from its recha...

LGES to build pouch-type long-cell battery mother factory at $449 mn

LG Energy Solution Ltd. will add a new mother factory to its Ochang manufacturing complex, as part of its plan to turn the home manufacturing site i...

Hanwha Aerospace invests in Israeli startup with anti-jamming tech

South Korea's Hanwha Aerospace Co. has invested in an Israeli start-up possessing anti-jamming technology to prevent interference in global position...

Korean auto parts makers’ earnings ride on electrification push

South Korea’s major automotive parts makers are expected to post decent growth in their first-quarter sales and earnings on the back of their ...

SK On to spend $352 million to mass produce solid-state batteries by 2028

South Korean battery maker SK On Co. said on Monday it will spend 470 billion won ($352 million) to begin mass production in 2028 of solid-state bat...

Dongwon Group to establishe new corporation for auto parts logistics

South Korea's Dongwon Group announced on Monday that it will launch a new corporation called "Next Lo Co." on May 1 to strengthen the competitivenes...

EcoPro sets sights on Europe with $286 million cathode plant in Hungary

South Korea’s EcoPro Co., a leading battery materials maker, has begun construction of a 380 billion won ($286 million) cathode plant in Hunga...