SK Ecoplant set to sell waste and water treatment units to KKR in $1.2 billion deal

SK Group is set to offload the waste management and water treatment arms of its construction affiliate, SK Ecoplant Co., to US private equity firm K...

HMM to buy back $1.5 bn shares, paving way for KDB’s fund recovery

HMM Co., South Korea’s largest shipping firm, will buy back and cancel 2.14 trillion won ($1.5 billion) worth of shares, paving the way for it...

Hana Bank, Vietnam’s BIDV to expand cross-border QR payment services under strategic partnership

Hana Bank, one of South Korea’s leading lenders, said on Wednesday that it has signed an agreement with Vietnam's largest state-owned commerci...

Korens cleared in trade secrets dispute with SNT Motiv

South Korean auto parts manufacturer Korens and its affiliate Korens EM have been cleared of all charges in a years-long legal battle with larger ri...

Keistone Partners acquires e-commerce logistics firm GoodsFlow from SK Energy

Keistone Partners has acquired GoodsFlow Co., an e-commerce logistics service provider, from oil refiner SK Energy Co. in a deal valued at around 50...

KKR in exclusive talks to buy SK Ecoplant’s waste unit for $1.1 bn

Global private equity giant KKR & Co. Inc. is in advanced talks to acquire the waste management arm of SK Ecoplant Co., a South Korean construct...

Fabless chip unicorn FuriosaAI raises $120 mn in new funding

South Korea’s AI chip designer FuriosaAI Inc. said on Thursday it has raised 170 billion won ($120 million) in bridge funding from about 40 in...

Samsung Chairman Lee heads to US as chips become key trade leverage

Samsung Electronics Co. Chairman Lee Jae-yong departed for the US on Tuesday, just days before the US-set  Aug. 1 deadline for a trade deal, si...

Hyundai Mobis defies tariff headwinds with 37% jump in Q2 profit

South Korea’s top auto parts maker Hyundai Mobis Co. posted a 36.8% year-on-year rise in second-quarter operating profit, buoyed by a strategi...

EV charger operator Chaevi files for preliminary Kosdaq IPO review

Chaevi Co., South Korea’s top operator of electric vehicle rapid charging infrastructure, said on Tuesday it has filed a preliminary applicati...

Samsung to buy US health tech firm Xealth in digital health push

Samsung Electronics Co. will acquire Xealth, a US-based healthcare platform provider, as it steps up efforts to foster non-semiconductor businesses ...

Samsung Electro-Mechanics’ plan to build plant in Mexico shelved amid Trump tariffs

Samsung Electro-Mechanics Co., a leading South Korean electronics parts maker, has abandoned plans to build a new manufacturing plant in Mexico and ...

Hyundai Rotem set to finalize $6 bn K2 tank order from Poland

Hyundai Rotem Co., a South Korean defense company, is set to finalize a tank supply contract with Poland, with the deal's value nearly doubling &nda...

Hanwha acquires Ourhome for $622 million in push to revive food business

South Korea’s Hanwha Group has completed the acquisition of the country’s No. 2 food service and catering company Ourhome Ltd. for 869.5...

SK Group seeks to sell SK Signet as part of sweeping portfolio realignment

South Korea’s second-largest conglomerate SK Group is seeking to divest SK Signet Inc., four years after acquiring the EV charger manufacturin...

LG Innotek, Boston Dynamics team up to develop Atlas eyes

LG Innotek Co., a leading South Korean electronics parts maker, will jointly develop new vision sensing systems with Boston Dynamics Inc., a major g...

Hankook & Company to set up CVC with $11 mn in funding

Hankook & Company Co., the holding company of Hankook Tire & Technology Co., announced Thursday a plan to launch a wholly owned corporate ve...

South Korea asks US for tailored approach to chip tariffs

South Korea has officially requested that the US take a distinct approach in its ongoing probe into foreign semiconductor technology and related dow...

US auto parts tariffs take effect; Korea avoids heavy hit

The US has eased tariffs on automotive parts that took effect on May 3, offering a sigh of relief to South Korean suppliers, who said a worst-case s...

Doosan enters race to acquire SK Siltron in strategic semiconductor push

South Korea’s Doosan Group has entered the bidding war for SK Siltron Co., the world’s third-largest manufacturer of semiconductor wafer...

Hankook Tire seeks to evolve beyond tires, auto parts

Hankook & Company Co., the holding company of Hankook Tire & Technology Co., will ramp up battery production for energy storage systems and ...

Magnachip to sell display business in H1 to focus on power semiconductors

South Korean chipmaker Magnachip Semiconductor Corp. plans to sell its display business by the end of the first half as part of a strategic shift to...

HMM seeks to acquire parts of SK Shipping for $1.4 bn from Hahn & Co.

HMM Co., South Korea’s largest ocean carrier, is seeking to buy SK Shipping Co., excluding its liquefied natural gas (LNG) transportation busi...

Lotte Chemical nears offloading Pakistani unit as part of restructuring

Lotte Group, South Korea’s sixth-largest conglomerate, is speeding up its business streamlining efforts amid mounting debts as it has moved on...

Hanmi Semiconductor to retire $90 mn treasury shares in May

Hanmi Semiconductor Co. on Thursday announced a plan to retire 130.0 billion won ($90 million) worth of treasury shares in May, marking its largest-...

SK Ecoplant seeks to sell waste treatment business for $1.4 billion

SK Ecoplant Co., a South Korean construction engineering and waste management company under SK Group, is seeking to dispose of its waste treatment b...

HD Hyundai in talks to buy back Korean ship parts maker

HD Hyundai Co., the world’s second-largest shipbuilder, is in talks with a private equity firm to buy back a South Korean ship parts manufactu...

Korea’s Cactus PE to buy stake in Kosdaq-listed EV parts firm

South Korea’s Cactus Private Equity is set to acquire a stake in YM Tech Co., a Kosdaq-listed electric vehicle (EV) parts maker, for nearly 20...

Hanmi Semiconductor to build new TC Bonder plant in Incheon

Hanmi Semiconductor Co., South Korea’s leading chip packaging equipment manufacturer, held a ground-breaking ceremony for its seventh plant of...

Seoul Semiconductor wins patent lawsuit vs Signify

Seoul Semiconductor Co., the world’s No. 3 light emitting diode (LED) display maker, said on Thursday it has won a patent litigation case agai...