LG to slim down petrochem as Chinese rivals creep up

South Korea’s LG Chem Ltd. is speeding up restructuring efforts to sell or downsize uncompetitive businesses, with an aim to focus on three gr...

S.Korea's Daesang acquires US food company Lucky Foods

Daesang Corporation, a South Korean manufacturer of food and pharmaceutical ingredients, announced on Monday that it has acquired the US food compan...

POSCO to raise steel plant safety with robots

POSCO Research Institute, a think tank under South Korea’s top steelmaker POSCO Group, on Sunday said it signed an agreement with Withrobot an...

POSCO-led consortium wins $6.7 bn green hydrogen deal from Oman

A consortium led by South Korean steelmaker POSCO Group won a $6.7 billion deal to build the world’s largest green hydrogen plant in Duqm, a p...

S.Korea’s Enchem to build lithium salt plant in Saemangeum

Enchem Co., South Korea’s top electrolyte manufacturer, on Thursday announced the investment of 600.5 billion won ($473.5 million) to build ...

Seoul tightens safety oversight for BTS 10th anniversary fireworks

The South Korean government is stepping up safety oversight ahead of the BTS Festa fireworks show. This is in response to last year's massive crowd ...

Korea’s Samyang opens $22 mn surgical suture plant in Hungary

Samyang Holdings Corp., the world’s top biodegradable suture yarn manufacturer, completed the construction of a 28 billion won ($21.9 million)...

STX to promote lithium business with Chinese company

South Korea's general trading company STX announced on Wednesday its plans to accelerate its lithium business with a leading Chinese lithium produce...

Samsung SDI, GM to build JV plant for EV batteries in Indiana

South Korea's major secondary battery maker Samsung SDI Co. and General Motors (GM) of the US will set up a joint venture (JV) plant for electric ve...

S.Korea launches its first offshore wind installation vessel

Hyundai Engineering & Steel Industries launched South Korea's premier offshore wind installation vessel, the Hyundai Frontier, on Tuesday. This ...

POSCO breaks ground on lithium hydroxide plant in S.Korea

POSCO Holdings Inc., the holding company of the world’s sixth-largest steel maker,held a groundbreaking ceremony on Tuesday to mark the commen...

Enemies at the door: Copycat Samsung plant in China

As Samsung Electronics Co. endeavors to cement its leadership in the semiconductor market, so its competitors are pulling out all the stops to toppl...

Samsung Heavy to establish R&D center in Busan

Samsung Heavy Industries is pushing forward with the establishment of a research and development (R&D) center in Busan. This move is part of the...

US emerges key to Korea’s nuclear power plants exports to Saudi Arabia

Saudi Arabia, which is seeking to build two 1.4 gigawatts (GW) nuclear power plants, is demanding that the US allow uranium enrichment, according to...

Polestar 3 to light up roads with headlamps of LG’s ZKW

The Polestar 3, an all-electric mid-sized sport utility vehicle, will be equipped with high-definition light-emitting diode (HD LED) headlights deve...

Hyundai, SK battery JV may receive up to $700 mn in US grants

Hyundai Motor Co. and SK On Co. could receive up to $700 million in US tax breaks and grants for their electric vehicle battery plant under construc...

Samsung Biologics to double production by 2032; eyes ADCs, M&As

BOSTON – Samsung Biologics Co., the world’s No. 1 contract drugmaker, plans to more than double its total annual production capacity to ...

POSCO-GM JV to double cathode output, build precursor plant

South Korean battery materials producer POSCO Future M Co. said on Friday it will inject 1 trillion won ($765 million) into its joint venture with G...

GC Biopharma wins contract to build blood products plant in Indonesia

GC Biopharma Corp., a South Korean pharmaceutical company, announced on Thursday that it has received approval from the Indonesian Ministry of Healt...

LG Energy to expand smart factory systems to N.America JVs

South Korea’s LG Energy Solution Ltd. will introduce smart manufacturing systems to all its joint venture battery plants under construction in...

POSCO to comply with IRA rules to access battery tax breaks: chairman

NEW YORK – POSCO Group, which owns South Korea’s largest steelmaker, has been striving to transform into a low-carbon conglomerate by sh...

HD Hyundai Oilbank to build eco-friendly power plants

South Korea's HD Hyundai Oilbank is pursuing the construction of eco-friendly power plants powered by liquefied natural gas and blue hydrogen.The co...

Celltrion unveils phase 1 clinical data of Actemra biosimilar in Europe

South Korean biosimilar giant Celltrion Inc. revealed on Wednesday the highly anticipated clinical phase 1 data for its Actemra biosimilar, CT-P47, ...

POSCO, LG Electronics to jointly build smart factory

POSCO Holdings Inc. and LG Electronics Inc. announced on Wednesday that they will collaborate to upgrade POSCO's smart factory technology. The initi...

LG Chem breaks ground on 4th cathode material plant in S.Korea

LG Chem Ltd., the top chemicals company in South Korea, said on Wednesday it broke ground on the country’s largest plant to produce carbon nan...

POSCO readies for leap to carbon-neutral steel

South Korea’s POSCO Group is preparing to produce carbon-neutral steel, using hydrogen instead of fossil fuels such as coal and natural gas, w...

POSCO Int'l secures graphite supply from Tanzania

South Korea's POSCO International has signed a deal on the supply of natural graphite to strengthen its battery raw materials unit.The company on ...

Korea’s first integrated car plant being transformed into Kia’s EV base

GWANGMYEONG, Gyeonggi Province -- Kia Corp.'s oldest integrated auto plant — which is also South Korea’s first of its kind — was c...

LG Energy's Ochang plant, Korea's EV cell mother factory

OCHANG, North Chungcheong Province -- LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, on Thursday for the ...

POSCO completes giga steel plant in China

South Korea’s largest steelmaker POSCO announced on Thursday that it has completed a specialized integrated processing facility for giga ste...