Rolex emerges as latest target of S.Korea’s luxury brand fever

Rolex watches are now the latest object of South Korea’s unwavering love for luxury goods. The high demand and limited supply of Rolex watches...

Korea electronics, auto sectors hit by triple whammy

South Korea's electronics and auto industries, the two main pillars of Asia’s fourth-largest economy, are losing growth momentum. Demand is sl...

Hyundai Mobis to invest $1.1 bn to make hydrogen fuel cells

Hyundai Motor Group’s long-term ambition to create a full-fledged hydrogen value chain, from fuel cell production to hydrogen-powered logist...

Samsung Heavy wins approval for ammonia-ready ship design

Samsung Heavy Industries obtained a certificate for its basic design to revamp a liquefied natural gas (LNG) or diesel-powered crude tanker into an ...

SM Lab develops cathode with 98% nickel, industry’s highest density

SM Lab, a South Korean battery material startup, has developed a cathode with 98% nickel content, the highest density ever for rechargeable batterie...

Samsung Electro-Mechanics targets EV parts

Samsung Electro-Mechanics, a South Korean electronic components maker, aims to expand its business in the booming electric vehicle (EV) parts market...

LG Energy supplies batteries to world’s largest Vistra ESS project

South Korea’s LG Energy Solution Ltd. is supplying batteries to the world’s largest energy storage system (ESS) project operated by US p...

Korea’s major tire makers to raise prices as rubber supply tightens

South Korea’s three leading tire makers are set to raise prices of commercial and passenger vehicle tires on growing demand from automakers an...

China’s heavy imports of copper, steel scrap hurt Korean SMEs

South Korea’s massive exports of scrap steel and scrap copper to China are hurting its domestic companies that are struggling to secure the st...

LG Electronics enjoys OLED TV boom with record Q1 shipments

South Korea’s LG Electronics Inc. is enjoying the growing popularity of organic light-emitting diode (OLED) TVs, posting a record shipment in ...

Hanwha Aerospace in $320 mn deal to supply aircraft engine parts to GE

Hanwha Aerospace Co., a unit of South Korean conglomerate Hanwha Group, has won a $320 million deal to supply aircraft engine parts to General Elect...

Kolon to supply CPI film for Xiaomi’s foldable phone

South Korea’s chemical and textile company Kolon Industries Inc. will supply its patented colorless polyimide (CPI®) film for Xiaomi&rsquo...

Samsung SDI to supply cylindrical cells to Hyundai, Kia

Samsung SDI Co., one of South Korea's top three electric vehicle battery makers, is developing cylindrical lithium-ion batteries for Hyundai Motor C...

SK Hynix in talks to supply automotive DRAM to Bosch

South Korea’s SK Hynix Inc. is in talks to supply its memory chips for cars to Robert Bosch GmbH, a German multinational tech giant, given acc...

Kolon to supply display film for world's first foldable PC

South Korea’s chemical and textile company Kolon Industries Inc. will supply its proprietary colorless polyimide (CPI®) film for the world...

Posco Chemical to supply EV battery materials to GM-LG Energy JV

Posco Chemical Co., the secondary battery materials unit of POSCO, will supply anodes, a key material used in electric car batteries, to the joint v...

LG Energy may build US, Europe plants to supply new batteries to Tesla

LG Energy Solution Ltd. may build an electric vehicle battery plant in the US to supply advanced battery cells to Tesla Inc. for its new models to b...

Natural disasters further tighten global chip supply

A severe cold snap in the US has taken another heavy toll on the global semiconductor industry, already reeling from tight supply exacerbated by a s...

Chip shortages spread to backend firms, disrupting supply chains

A worldwide semiconductor shortage, which started with automotive chips, is getting worse, spreading to equipment makers and backend companies that ...

Global folding screen market to explode as Samsung set to supply to China

Samsung Display Co., a leading South Korean display panel maker, will supply foldable displays to select smartphone makers in China amid industry fo...

LG Chem beats CATL, Panasonic to supply batteries for Tesla’s Model Y SUV

South Korea’s LG Chem Ltd. will supply batteries to US electric vehicle giant Tesla Inc. for its latest mid-size SUV Model Y, to be manufact...

Hankook Tire poised to supply for Tesla’s EV trucks

South Korea’s three leading tire makers are seeking a greater share of the global electric vehicle (EV)-only tire market, which is expected to g...

Global petrochem supply glut divides Korea’s winners, losers

The global petrochemical market is grappling with oversupply amid weak demand in the pandemic era, creating a clear divide between winners and losers ...

Samsung to supply mobile chips to Xiaomi, Oppo; to rank 3rd in AP market

Samsung Electronics Co. is expected to supply its Exynos mobile processor chips to China’s two leading handset makers, Xiaomi and Oppo, next yea...

Samsung Display, Asia's first to win Huawei supply permit

Samsung Display Co., a leading South Korean display panel maker, has received a permit from the US to supply certain panels to Huawei Technologies Co....

LG to provide ice-making tech for Electrolux's French door refrigerators

South Korea's tech giant LG Electronics Inc. announced on Oct. 26 that it has entered into a patent-licensing agreement with Sweden-based Electrolux t...

LG Chem gears up to supply new batteries to Tesla; shares surge

Shares of LG Chem Ltd. surged on Oct. 22 as investors snapped up the electric vehicle battery maker on Tesla Inc.’s record quarterly earnings, a...

Tesla CEO's tweets allay concerns over EV battery supplies; LG Chem shares rise

Shares of LG Chem Ltd. rebounded on Sept. 22 from their shaky performance in the past few sessions, buoyed by Tesla Inc. founder Elon Musk’...

Korean steelmakers to supply $100 mn worth of pipes for Canada’s largest LNG project

South Korean steelmakers POSCO and SeAH Steel Corp. will jointly supply 12,000 tons of stainless steel pipe for a liquefied natural gas project in Kit...

Samsung wins $6.6 bn deal to supply 5G equipment to Verizon

Samsung Electronics Co. has clinched a 7.9 trillion won ($6.6 billion) deal to supply fifth-generation wireless communications solutions to Verizon Co...