SK Innovation to split battery unit, eyes Nasdaq debut as it goes greener

SK Innovation to split battery unit, eyes Nasdaq debut as it goes greener

South Korea’s SK Innovation Co. said on Thursday it is considering a spin-off of its battery business and listing the separated entity on the ...

SK REIT to raise $266 million via Kospi IPO in second half

SK REIT to raise $266 million via Kospi IPO in second half

SK Inc.’s real estate investment trust (REIT) affiliate plans to raise as much as 300 billion won ($266 million) via an initial public offerin...

SK Chairman vows to achieve carbon neutrality ahead of 2050 UN target

SK Chairman vows to achieve carbon neutrality ahead of 2050 UN target

SK Group has pledged to achieve carbon neutrality prior to 2050, the year set by the United Nations (UN) to reach net-zero carbon emissions globally...

Israel’s Nanox begins production of digital X-ray components in Korea

Israel’s Nanox begins production of digital X-ray components in Korea

Nano-X Imaging Ltd. (Nanox), an Israeli startup listed on the Nasdaq last August, has started manufacturing digital X-ray components in South Korea....

SK Group mulls investing $100 mn in Vietnam's Pharmacity

SK Group mulls investing $100 mn in Vietnam's Pharmacity

SK Group is in the final stages of negotiations to invest $100 million in Vietnam's largest pharmacy chain, Pharmacity, as part of the South Korean ...

Hyundai Santa Cruz to challenge Ford Maverick in US pickup market

Hyundai Santa Cruz to challenge Ford Maverick in US pickup market

Hyundai Motor Co.’s upcoming Santa Cruz pickup is challenging US truck giant Ford Motor Co.'s Maverick even before the South Korean automaker&...

Kakao becomes 3rd most valuable company in Korea

Kakao becomes 3rd most valuable company in Korea

Kakao Corp. is now the third most valuable company in Korea, after Samsung Electronics Co. and SK Hynix Inc.Kakao’s market cap on June 15 surp...

Hyundai, SK, POSCO, Hyosung agree to launch Korea’s hydrogen council

Hyundai, SK, POSCO, Hyosung agree to launch Korea’s hydrogen council

Hyundai Motor Group and three other South Korean conglomerates have agreed to launch an industry-wide consultative body on hydrogen, underscoring an...

SKT to spin off; 5-for-1 stock split in November

SKT to spin off; 5-for-1 stock split in November

South Korea’s largest mobile carrier SK Telecom Co. is moving forward with its spin-off plan announced in April. SK Telecom held a board meeti...

Hyundai Motor, Kia overtake Ford in US auto sales in May

Hyundai Motor, Kia overtake Ford in US auto sales in May

Hyundai Motor Co. and Kia Corp., the two automaking units of South Korea’s Hyundai Motor Group, in May sold more cars in the US than Ford Moto...

Samsung SDI mulls EV battery JV in US; partnership with global automaker

Samsung SDI mulls EV battery JV in US; partnership with global automaker

Samsung SDI Co., one of South Korea’s top three electric vehicle battery makers, is considering launching a battery production joint venture i...

SK invests in the US 'turquoise' hydrogen maker Monolith Materials

SK invests in the US 'turquoise' hydrogen maker Monolith Materials

SK Inc., the holding and investment company of SK Group, has made another big investment in the US hydrogen segment.On Jun. 3, SK said that it bough...

SK, Lotte to set up hydrogen JV within 2021

SK, Lotte to set up hydrogen JV within 2021

South Korea’s major conglomerates SK Group and Lotte Group have joined hands to strengthen their foothold in the fast-growing hydrogen sector....

Samsung, Bayer join $90 mn investment in AI healthcare app Ada Health

Samsung, Bayer join $90 mn investment in AI healthcare app Ada Health

Samsung Electronics Co. and Germany’s pharmaceutical giant Bayer AG have made a joint investment in the Berlin-based artificial intelligence (...

SK Nexilis, POSCO move forward with EV battery materials projects

SK Nexilis, POSCO move forward with EV battery materials projects

With competition heating up in the global race for more eco-friendly cars, South Korea’s major companies are moving forward with their plans t...

SK Innovation in CO2 capture, storage technology project

SK Innovation in CO2 capture, storage technology project

SK Innovation Co. signed an agreement on May 26 to participate in South Korea's first government-led project to develop carbon capture and storage (...

SK Bioscience secures up to $173.4 mn from CEPI for vaccine development

SK Bioscience secures up to $173.4 mn from CEPI for vaccine development

SK Bioscience Co. has secured additional funding for phase III clinical trial of GBP510, its COVID-19 vaccine candidate jointly developed with the I...

STIC Ventures invests $2 mn in Vietnamese logistics startup EcoTruck

STIC Ventures invests $2 mn in Vietnamese logistics startup EcoTruck

South Korea-based venture capital firm STIC Ventures has recently invested $2 million in a Vietnamese logistics startup EcoTruck, a move aimed at bo...

SK Innovation, Ford agree to launch $5.3 bn EV battery JV in US

SK Innovation, Ford agree to launch $5.3 bn EV battery JV in US

South Korean battery maker SK Innovation Co. and Ford Motor Co. have agreed to launch a 6 trillion won ($5.3 billion) joint venture to support the U...

SK Hynix push for takeover of Key Foundry to boost foundry production

SK Hynix push for takeover of Key Foundry to boost foundry production

SK Hynix Inc. is taking the first steps to take over South Korea-based Key Foundry, a move in line with recent remarks from Park Jung-ho, the SK Hyn...

SoftBank Ventures invests in fashion app targeting middle-aged women

SoftBank Ventures invests in fashion app targeting middle-aged women

South Korea-based Queenit, a fashion mobile platform targeting middle-aged women, has secured around 5.5 billion won ($5 million) from a pool of hig...

SK Innovation eyes strong battery orders after returning to Q1 profit

SK Innovation eyes strong battery orders after returning to Q1 profit

SK Innovation Co., a major South Korean oil refiner and battery maker, has returned to an operating profit in the first quarter, boosted by gains in...

SK Telecom to retire $2.3 bn treasury shares amid corporate split-off

SK Telecom to retire $2.3 bn treasury shares amid corporate split-off

South Korea’s largest mobile carrier SK Telecom Co. said on Tuesday it will retire 8.69 million treasury shares worth 2.6 trillion won ($2.3 b...

SK Innovation set to flex muscle with $4 bn in new cash

SK Innovation set to flex muscle with $4 bn in new cash

SK Innovation Co., South Korea's leading electric vehicle battery maker, is on course to raise more than 5 trillion won ($4.5 billion) this year fro...

SK Hynix CEO bullish on memory outlook, eyes $12 billion profit

SK Hynix CEO bullish on memory outlook, eyes $12 billion profit

The chief executive of SK Hynix Inc., the world’s second-largest memory chipmaker, aims to achieve as much as 13 trillion won ($12 billion) in...

SK IE Tech IPO draws record-high demand; brokerage servers down briefly

SK IE Tech IPO draws record-high demand; brokerage servers down briefly

SK IE Technology Co. (SKIET), the battery materials subsidiary of SK Innovation Co., has set a new record for initial public offering demand, briefl...

SK Hynix mulls foundry expansion, advances capex to ease chip shortage

SK Hynix mulls foundry expansion, advances capex to ease chip shortage

SK Hynix Inc., the world’s second-largest memory chipmaker, said on Wednesday that it is looking into various options to grow its foundry busi...

SK IE Technology’s IPO price set at top end; record demand at bookbuilding

SK IE Technology’s IPO price set at top end; record demand at bookbuilding

The initial public offering price of South Korea’s SK IE Technology Co. has been set at the top end of the proposed band, reflecting a recor...

IMM Private Equity to acquire 40% stake in SK Lubricants for $900 million

IMM Private Equity to acquire 40% stake in SK Lubricants for $900 million

Seoul-based IMM Private Equity will acquire a 40% stake in South Korea’s SK Lubricants Co., wholly owned by SK Innovation Co., for about one t...

SK Hynix co-vice chairman hints at expanding foundry business

SK Hynix co-vice chairman hints at expanding foundry business

SK Hynix Inc., the world’s second-largest memory chipmaker, may expand its foundry business as a growing number of industries are suffering fr...

Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media Return of the K-pop queens: Blackpink, Twice power up YG, JYP Samsung to launch AI health coach beta in US by end-2025 South Korea moves to mandate treasury share cancellation