POSCO breaks ground on $101 million battery recycling plant

South Korea’s top steelmaker POSCO on Thursday broke ground on its 120 billion won ($101 million) plant to extract nickel, lithium and cobalt,...

China power crisis, US tightening chill sentiment on Korea IT sector

Sentiment on the South Korean IT sector has deteriorated on rising US interest rates and a severe shortage of electricity in China. The 10-year US T...

SK Innovation, Ford to invest $11.4 billion to build largest EV battery JV

SK Innovation Co. and Ford Co. will invest a combined $11.4 billion to build an assembly and battery complex and two additional battery factories in...

Hanwha moves forward in challenging Hu-Chems in nitric acid market

Hanwha Corp. is pushing forward with its plan to challenge Hu-Chems Co. in the industrial nitric acid sector as its attempt to acquire the chemical ...

SK Innovation to supply batteries to Hyundai IONIQ 7

SK Innovation Co. is set to supply batteries for the IONIQ 7, Hyundai Motor Co.’s large electric sport utility vehicle (SUV) to be unveiled in...

Volvo unveils new XC60 with SKT in-vehicle infotainment

An artificial intelligence personal assistant sets up a destination for a GPS navigation. The AI assistant texts others the estimated arrival time...

EcoPro BM’s magic to hit $9 bn jackpot after 10-year dark ages

South Korea’s battery materials maker EcoPro BM Co. won a near $9 billion order from SK Innovation Co., an unusually large contract for a medi...

Samsung SDI tops LG Chem in market cap amid GM recall crisis

Samsung SDI Co. has become South Korea’s top battery maker in terms of market capitalization. The company is now ranked as the sixth-largest f...

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...

Experts cast doubt on S.Korea’s $2 bn currency swap deal with Turkey

South Korea and Turkey have signed a $2 billion currency swap agreement to boost bilateral trade and strengthen cooperation in the financial sector,...

Samsung shares struggle as big strategic decisions still await Lee

Shares of Samsung Electronics Co. have been trapped in a boxed range since the start of the year, dashing retail investors’ hope that the tech...

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...

Art auction sales in Korea soar to highest point since 2008 financial crisis

South Korea’s art market is facing the biggest boom since the global financial crisis, drawing wealthy investors and art enthusiasts alike. Se...

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...

Cargo crisis delivers record earnings for HMM, Korean Air

The ongoing shipping cargo crisis has brought record-high earnings results in the first quarter to South Korea’s largest container line HMM Co...

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...

Freight crunch pushes S.Korean export firms into crisis

Since the end of last year, countries have begun lifting COVID-19 lockdowns, driving a speedy recovery in export freight volume despite transportati...

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...