Korean Air signs agreement with L3Harris for airborne control system
Korean Air Lines Co. is collaborating with L3Harris International, an American aerospace contractor, to introduce the airborne control system for th...
LG Chem unveils eco-friendly bioplastic, supplies to US toy firm Mattel
LG Chem Ltd., South Korea’s largest chemicals maker, has unveiled a new eco-friendly high-performance bioplastic and supplied it to Mattel Inc...
LG Energy, GM to inject another $275 mn in Tennessee plant
South Korean battery maker LG Energy Solution Ltd. and General Motors Co. plan to inject an additional $275 million in a US electric vehicle battery...
LabGenomics, NGeneBio join forces for US market
Korea's two diagnostics companies, NGeneBio Co. and LabGenomics Co., signed a memorandum of understanding (MOU) on Thursday to cooperate in the fiel...
Korea inflation at 7-mth low; BOK may slow rate hike pace
South Korea’s headline inflation hit a seven-month low in November as rises in agricultural and petroleum product prices slowed, adding to exp...
VC firms rake in profit of up to 6 times principal from Raemongraein
Venture capital firms that invested in media production company Raemongraein Co. raked in significant profit from the surge in popularity of the TV ...
Korea’s industrial losses balloon to $1.2 bn as truckers continue strike
South Korea’s manufacturing sector faces ballooning losses across industries as the trucker strike entered its eighth day on Thursday, disrupt...
LS Cable & System Asia expands cable production capacity in Vietnam
LS Cable & System Asia said on Thursday that it has invested 6.8 billion won in its Vietnamese subsidiary LS Cable & System Vietnam to compl...
Samsung Foundry: Driving force behind digital transformation
As the contract chip manufacturing, or foundry, business is quickly emerging as the next battlefield for the world’s major chipmakers, The Korea...
Jeju Samdasoo enters India, ships 45 tons of mineral water
South Korea’s leading bottled mineral water brand Jeju Samdasoo has begun exports to India, shipping 45 tons of the water there from the resor...
Vuno's AI-powered fundus reading solution approved for sale in Taiwan
Vuno Inc., a South Korean artificial intelligence-powered medical solutions provider, said on Tuesday that Vuno Med-Fundus AI has received marketing...
Enchem to more than double electrolyte production in US
South Korea’s electrolyte maker Enchem Co. said Monday it aims to expand its annual production capacity in the US to 300,000 tons by 2026 to m...
SK picglobal builds DPG-only production facility
SK picglobal, a joint venture between SKC's chemical division and a subsidiary of the Kuwait Petroleum Corporation (KPC) named PIC, have built a pla...
LG HelloVision, S-1 to jointly enter home security market
South Korea's cable TV provider LG HelloVision and security company S-1 Corp. announced they will jointly develop a home-based platform using ...
Hanwha Q CELLS to join EU project for cutting-edge solar batteries
Hanwha Q CELLS Co. on Thursday said it will join an R&D project for next-generation solar cells that has received 15 million euros (around 20 bi...
Korean refiners eye strong 2022 earnings as margins improve
Asia’s benchmark refining margin is staging a rebound, providing relief for South Korea’s oil companies, which now expect their full-yea...
GM Korea to shut one production line to focus on small cars
General Motors Co. plans to shut down a production line in South Korea as the US automaking giant aims to focus on manufacturing small cars in the c...
SK Lubricants rebrands with name change as SK Enmove
SK Lubricants Co., the world’s leading lube base oil supplier, said on Sunday it will be rebranded as SK Enmove Co. on Dec. 1.The new name com...
YouGov ranks Samsung Elec. as world's top brand, ahead of Google
Samsung Electronics Co. is the world’s top brand with a score of 127, according to research firm YouGov’s Global Best Brand Rankings for...
FTX implosion disrupts interest issuance by GOPAX product
The implosion of the Bahamas-based crypto exchange FTX is causing ripple effects around the world, and South Korea is no exception.Seoul-based cry...
Samsung, LG products sweep CES 2023 innovation awards
South Korea’s two largest home appliance makers – Samsung Electronics Co. and LG Electronics Inc. – have swept a record number of ...
KT&G enlists Goldman Sachs to cope with shareholder activism
KT&G Corp., the world’s fifth-largest tobacco maker, appointed Goldman Sachs as an advisor to improve corporate governance after a Singapo...
LG Elec to launch total care service for home appliances
LG Electronics Inc., the world’s top home appliance maker, is launching a total care service for products in South Korea to enhance after-sale...
Pulmuone to double pasta production in China by expanding plant
South Korea's food giant Pulmuone on Monday said it will boost production of pasta-based convenience food in China by expanding its first plant in P...
SK Nexilis develops copper foil for cylindrical batteries
South Korea's SK Nexilis, a maker of copper foil for secondary cells under SKC Inc., has achieved a world first with its development of a highly elo...
Hyundai Glovis signs $796 million shipping deal with global automaker
Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, said on Friday it has clinched a 1.05 trillion won ($796 million)...
Korea's Lotte Mart and Lotte Super combine product sourcing
South Korea's Lotte Mart and Lotte Super will break away from the formats of hyper- and supermarkets and jointly raise the competitiveness of grocer...
LG, Altair build AI-powered validation platform for automotive parts
LG Electronics Inc., an industry frontrunner in applying artificial intelligence to home appliances, said on Wednesday it has joined forces with Alt...
Korea's kimchi maker Daesang to build factory in Europe
South Korea's Daesang Corp. plans to build a kimchi factory in Poland as an outpost for entering the European market, where Korean food is hotter th...
SK On to buy battery material lithium hydroxide from Chile's SQM
SK On Co., the world’s fifth-largest electric battery maker, said on Sunday it signed a deal on Nov. 4 to purchase lithium hydroxide, a key ba...
