Samsung supplies self-driving, infotainment chips to global carmaker

Samsung Electronics Co. is supplying advanced memory chips to an unidentified global automaker for use in its self-driving and infotainment systems....

Samsung flexes foundry muscle amid supply chain woes

Samsung Electronics Co. may emerge a winner in the prolonged pandemic era, making full use of fabless chipmakers' efforts to diversify the manufactu...

SK Hynix makes industry’s highest density 24Gb DDR5 DRAM chip

South Korea’s SK Hynix Inc. said on Wednesday it has shipped samples of 24 Gigabit (Gb) double data rate 5 (DDR5) DRAM, the industry’s h...

Starbucks Korea secures No.1 spot in crowded market

Starbucks Korea's sales are on course to exceed 2 trillion won ($1.7 billion) this year, the largest-ever annual revenue for a coffee franchise oper...

Hanwha Defense to supply howitzers to Australia in $788 mn deal

South Korea’s Hanwha Defense Co. inked a $788 million deal to supply K9 self-propelled howitzers to Australia, marking its first sale of the s...

POSCO International signs parts supply deal with US EV startup Rivian

POSCO International Corp., the trading unit of South Korea’s steel giant POSCO, said on Thursday it has signed a $6 million contract to supply...

POSCO Chemical, GM to launch new battery material JV in US

South Korea’s POSCO Chemical Co. said on Thursday it is forming a new joint venture with US top automaker General Motors Co. to produce cathod...

IONIQ 7 to beome home on wheels with LG appliances

Hyundai Motor Co.’s IONIQ 7, its new all-electric sport utility vehicle to be launched in 2024, will be equipped with the home appliances of L...

Hanwha Solutions invests $100 mn in US energy startup Lancium

South Korea’s Hanwha Solutions Corp. has invested in a US data center energy management startup as part of its new business model to embrace t...

Samsung orders US chips, with a side of geopolitics

Every country wants a cutting-edge semiconductor plant. Samsung Electronics’ plan to build one in the U.S. is taking advantage of th...

Korea Zinc to double battery material output capacity

Korea Zinc Inc., the world’s top lead and zinc smelter, plans to double its production capacity of nickel sulfate, a key raw material for cath...

Korea Inc. braces for rising costs, supply chain risks, volatile FX

Hopes for improving corporate earnings are rising as countries around the world are relaxing their anti-COVID-19 measures, but South Korean companie...

S.Korea leaves Asian crisis behind with Woori privatization

Two decades after the onset of the 1997-98 Asian financial crisis, the state-run Korea Deposit Insurance Corporation (KDIC) is finally set to privat...

Hanwha acquires 16.67% of REC Silicon for $160 mn for US solar projects

South Korea’s Hanwha Solutions Corp. has agreed to buy a 16.67% stake in Norway-based polysilicon manufacturer REC Silicon ASA for $160.5 mill...

Hyundai Oilbank to make naphtha from plastic waste

Hyundai Oilbank Co. is set to produce naphtha by injecting plastic waste pyrolysis oil into the process of refining crude oil, poised to become the ...

Jay Y. Lee meets Verizon CEO and Moderna co-founder

Samsung Electronics Co. Vice Chairman Jay Y. Lee has met with biopharmaceutical conglomerate Moderna’s co-founder and telecommunications g...

Hawaiians, tourists to enjoy BB.Q’s signature K-chicken

BB.Q Chicken has brought its Korean fried chicken to Hawaii, one of the world’s top tropical resort destinations, as it aims to raise its bran...

Urea crisis lays bare South Korea’s heavy dependence on China

The diesel exhaust fluid crisis hitting South Korea across various industries lays bare the supply chain vulnerability of the country, which has hea...

SeAH to supply monopiles for Orsted’s UK offshore wind farm project

SeAH Steel Holdings Corp. ’s UK subsidiary is set to supply monopiles, steel tubes that serve as a fixed foundation for offshore wind turbines...

Korea DEF crisis may ease as China will export urea

South Korea is expected to ease the diesel exhaust fluid (DEF) shortage for the short term as China has decided to resume customs clearance procedur...

Global supply crisis endangers S.Korea’s manufacturers

A South Korean electric equipment maker has decided not to seek any new orders as a spike in prices of commodities such as copper and supply disrupt...

Korea scrambles to address DEF supply shortage

South Korea is stepping up efforts to secure diesel exhaust fluid (DEF) such as diversification of supply sources as the shortage of the liquid used...

LG Energy Solution to supply batteries to US fuel cell truck maker Nikola

LG Energy Solution Ltd., a leading South Korean battery maker, has signed a deal to supply batteries to Nikola Corp., a US hydrogen fuel cell electr...

Deepening diesel exhaust fluid crisis puts Korea’s key industries at risk

The diesel exhaust fluid (DEF) shortage in South Korea stemming from China's suspension of urea exports is getting worse, as local DEF inventories a...

US startup SES unveils game-changing lithium-metal battery

SES Holdings Pte. Ltd., one of the world’s top solid-state battery makers, unveiled a hybrid lithium-metal rechargeable battery with better pe...

Diesel exhaust fluid shortage threatens Korea’s supply chain

A diesel exhaust fluid (DEF) shortage in South Korea is feared to disrupt the supply chain in Asia’s fourth-largest economy. The lack of the l...

Specialty coffee brand Terarosa raises $60 mn from Unison Capital

The operator of Terarosa, known as the Blue Bottle Coffee of South Korea, has received around 70 billion won ($60 million) in funding from Unison Ca...

Chips, auto, display stocks rebound as supply shortage eases

Shares in South Korea’s chipmakers, automakers and display producers have begun to rebound on growing signs that the global supply shortage wi...

POSCO Chem to supply materials to Morrow Batteries

South Korea’s POSCO Chemical Co. agreed to provide materials to Morrow Batteries, a Norwegian electric vehicle battery maker, in a move to tap...

POSCO reaps rewards from Australia’s Roy Hill investment

POSCO, the world’s fifth-largest steelmaker by output, has reaped the rewards of a $1.1 billion investment it made in Australia’s Roy Hi...