Korea to open temporary settlement lines for trade with Russia

Korea to open temporary settlement lines for trade with Russia

South Korea plans to open temporary settlement lines between domestic banks and their units in Russia in order to help companies hit by multinationa...

SK Siltron to invest $300 mn in US capacity expansion

SK Siltron to invest $300 mn in US capacity expansion

Auburn, Michigan – South Korea’s silicon wafer maker SK Siltron Co. will invest $300 million to increase production capacity by ten time...

LG, SK, Samsung unveil next-generation battery roadmaps at InterBattery

LG, SK, Samsung unveil next-generation battery roadmaps at InterBattery

South Korea’s three major battery makers are showcasing their latest rechargeable batteries for electric vehicles while unveiling their roadma...

Gucci to open world’s fourth Osteria restaurant in Seoul

Gucci to open world’s fourth Osteria restaurant in Seoul

Seoulites are set to enjoy Gucci’s fine-dining experience from later this month.The Italian luxury fashion house said on Wednesday it will ope...

SK Siltron to ramp up silicon wafer output from 2024

SK Siltron to ramp up silicon wafer output from 2024

South Korean silicon wafer maker SK Siltron Co. on Wednesday announced a plan to spend 1 trillion won ($810 million) on its domestic capacity expans...

SK Geo Centric invests $55 mn in US plastic waste recycling firm

SK Geo Centric invests $55 mn in US plastic waste recycling firm

South Korea’s SK Geo Centric Co. invested $55 million in US plastic waste recycling company PureCycle Technologies Inc. in a move to transform...

SK On, Ford to set up battery JV in Turkey for Europe

SK On, Ford to set up battery JV in Turkey for Europe

South Korean battery maker SK On Co. and Ford Motor Co. will set up a joint venture to produce electric vehicle batteries in Turkey with a local com...

Goldman sees Samsung, SK Hynix shares up 50% over next 12 mths

Goldman sees Samsung, SK Hynix shares up 50% over next 12 mths

The share prices of the world’s two largest memory chipmakers Samsung Electronics Co. and SK Hynix Inc. each have room to rise by about 50% ov...

SK E&S to start business of carbon storage in depleted gas fields

SK E&S to start business of carbon storage in depleted gas fields

South Korea’s SK E&S Co. is set to enter the business of carbon storage in depleted gas fields.The natural gas business unit of SK Group s...

SK units at risk of rating cuts on aggressive investments

SK units at risk of rating cuts on aggressive investments

South Korea’s SK Group units focusing on investments in new eco-friendly industries are facing risks of credit rating downgrades.Investors hav...

Pearl Abyss releases mobile game Black Desert in China in April

Pearl Abyss releases mobile game Black Desert in China in April

South Korean game developer and publisher Pearl Abyss set a China release date of April 27 for its cross-platform MMORPG Black Desert on the App Sto...

SK Group's PE-funded transformation in the spotlight

SK Group's PE-funded transformation in the spotlight

SK Group stands out from other South Korean conglomerates in making good use of private equity funds to raise money for business expansion.The count...

War in Ukraine: Risk and opportunity for Korean shipbuilders

War in Ukraine: Risk and opportunity for Korean shipbuilders

The escalating conflict between Russia and Ukraine is posing both a risk and an opportunity for South Korea’s three largest shipbuilders, whic...

SK Ecoplant raises over $800 mn from Korean PE firms

SK Ecoplant raises over $800 mn from Korean PE firms

South Korea's SK Ecoplant Co. has raised a total of 1 trillion won ($830 million) from four domestic private equity firms, including 390 billion won...

Hyundai to set up EV chargers at Shell gas stations

Hyundai to set up EV chargers at Shell gas stations

Hyundai Motor Co. plans to set up chargers for electric vehicles at gas stations of Shell Inc. worldwide as South Korea’s top automaker aims t...

SK On narrows bidders to BlackRock, Carlyle, KKR, GIC

SK On narrows bidders to BlackRock, Carlyle, KKR, GIC

South Korean battery maker SK On Co. has narrowed bidders for its shares worth up to $3.3 billion to four candidates -- BlackRock, The Carlyle Group...

Korean battery sector to heat up IPO market again

Korean battery sector to heat up IPO market again

South Korea’s battery industry is expected to heat up the initial public offering market later this year as battery materials and equipment ma...

SK Group head Chey to assume chair post at SK Telecom 

SK Group head Chey to assume chair post at SK Telecom 

SK Group chairman Chey Tae-won will assume an additional post as a chairman of SK Telecom Co.The conglomerate’s holding company SK Inc. announ...

SK Ecoplant buys e-waste recycling firm for $1 bn

SK Ecoplant buys e-waste recycling firm for $1 bn

South Korea's SK Ecoplant Co. has acquired Singapore-based electronic waste (e-waste) disposal and recycling company TES Envirocorp Pte. Ltd for $1 ...

SK On aims to dominate global battery market by 2030

 SK On aims to dominate global battery market by 2030

SK On Co. is on track to become the world’s No. 1 battery maker by 2030, the company said on Sunday. During an interview with the in-ho...

LG ramps up 6G development for first mover advantage 

LG ramps up 6G development for first mover advantage 

LG Electronics Inc. recently signed an MoU with the Korea Advanced Institute of Science and Technology (KAIST) for the second phase of their joint...

SK On's $4 bn funding draws PE giants, GIC, Saudi PIF

SK On's $4 bn funding draws PE giants, GIC, Saudi PIF

BlackRock, Blackstone, Singapore's GIC and Saudi's Public Investment Fund (PIF) are among the preliminary bidders for shares worth up to $4.2 billio...

SK Hynix develops memory chip with computing capabilities

SK Hynix develops memory chip with computing capabilities

SK Hynix Inc. has developed a next-generation memory chip with computing capabilities, which the company says will provide solutions for data conges...

KAIST Holdings to open US offices with $8.4 bn value in mind

KAIST Holdings to open US offices with $8.4 bn value in mind

The Korea Advanced Institute of Science and Technology (KAIST) on Tuesday announced the blueprint to strengthen its foothold in the United States an...

SK Hynix to benefit from Western Digital production disruption

SK Hynix to benefit from Western Digital production disruption

South Korea’s SK Hynix Inc., the world’s second-largest memory chipmaker, is expected to be a key beneficiary from production disruption...

KKR, Carlyle, TPG vying for $4 bn stake in SK's battery arm

KKR, Carlyle, TPG vying for $4 bn stake in SK's battery arm

KKR & Co., The Carlyle Group and TPG Inc. have handed in preliminary bids for shares in SK Group's battery unit SK On, which is seeking to raise...

SK Bioscience posts record earnings driven by COVID-19 vaccines

SK Bioscience posts record earnings driven by COVID-19 vaccines

SK Bioscience Co., a biopharmaceutical unit of South Korea’s SK Group, has posted record 2021 revenue and operating profit, boosted by contrac...

Samsung, SK Hynix ahead of rivals in 200-plus-layer NAND chips

Samsung, SK Hynix ahead of rivals in 200-plus-layer NAND chips

Samsung Electronics Co. and SK Hynix Inc., the world’s two largest memory chipmakers, are expected to lead rivals in the industry’s tran...

SK on eve of jackpot from NYSE debut of US battery maker SES

SK on eve of jackpot from NYSE debut of US battery maker SES

SK Inc., the investment-focused holding company of South Korea’s SK Group, is set to pocket a sixfold return from its investment in SES Holdin...

Korea's Toss targets SE Asia, Japan with super app

Korea's Toss targets SE Asia, Japan with super app

South Korea's mobile financial platform Toss is evolving from a payment service app into a full-fledged financial service provider, or a super app, ...

Samsung Heavy Industries clinches $635 mn preliminary FLNG deal with African shipowner Gochujang, fiery seasonings: K-sauces go viral among adventurous foreign palates HD Hyundai, India’s Cochin Shipyard to pursue joint shipbuilding orders SK Innovation to restore Vietnam’s mangrove forests in ESG initiative LG Electronics' Q2 profit halves as US tariffs bite