South Korea, US agree to 15% tariff rate; shipbuilding central to deal
South Korea and the United States have reached a trade agreement setting the new US tariff rate at 15%, down from the previously announced 25%, with...
LG Energy secures $4.3 bn LFP battery deal from Tesla in shift from CATL
LG Energy Solution Ltd. on Wednesday announced a $4.3 billion deal to supply lithium iron phosphate (LFP) batteries to a foreign client, identified ...
Musk confirms $16.5 bn alliance with Samsung: 'Spoke with Lee via video call'
Elon Musk isn’t leaving any room for doubt when it comes to Tesla’s multibillion-dollar chip deal with Samsung Electronics Co.The Tesla ...
Samsung Chairman Lee heads to US as chips become key trade leverage
Samsung Electronics Co. Chairman Lee Jae-yong departed for the US on Tuesday, just days before the US-set Aug. 1 deadline for a trade deal, si...
Celltrion nears deal for 1st US biologic manufacturing plant
Celltrion Inc., South Korea’s biosimilar-developing leader, is closing in on its first US acquisition, which is expected to enable the company...
Hanwha vice chairman joins S.Korean delegation to avert US tariffs
With the US-EU tariff deal sealed, South Korea is ramping up a last-ditch push to strike its own agreement before the US-set Aug. 1 deadline, playin...
Samsung clinches $16.5 billion chipmaking deal from Tesla
Samsung Electronics Co., the world’s top memory chipmaker, has clinched a landmark contract chipmaking deal worth $16.5 billion from Tesla Inc...
Seoul signals agricultural market access on tariff talks table amid intensifying US trade pressure
South Korea’s senior government officials said on Friday that agricultural products, including politically sensitive items such as rice and be...
President Lee meets with Samsung chief amid stalled US-Korea trade talks
South Korean President Lee Jae-Myung met with Samsung Electronics Co. Chairman Lee Jae-yong on Thursday amid growing speculation that Seoul may leve...
Seoul likely to miss US tariff deal deadline as Washington abruptly cancels 2+2 trade talks
The United States has abruptly postponed high-level trade talks with South Korea, raising concerns in Seoul that it is slipping down Washington&rsqu...
South Korea, US to resume trade talks ahead of tariff deadline
South Korea’s finance minister will discuss tariff issues with his US counterpart in Washington this week, marking the first trade talks under...
Kakao Pay backs out of acquisition deal for Shinsegae’s SSG Pay, Smile Pay
Kakao Pay Corp., the mobile payment and digital wallet service unit of South Korean tech giant Kakao Corp., has pulled out of a deal to acquire two ...
HYBE Chair Bang referred to prosecutors over alleged unfair trading
South Korea’s financial watchdog has referred Bang Si-hyuk, founder and chairman of K-pop powerhouse HYBE Co., to prosecutors over alleged fra...
Deal graveyard: S.Korean F&B franchise sales left without takers
Korean food is making waves globally, but back home, the story is different for food and beverage franchise operators. Franchisors in South Korea ar...
POSCO to supply HIC-resistant steel for Aramco’s Fadhili gas plant
POSCO, South Korea’s largest steelmaker, will supply hydrogen-induced cracking (HIC)-resistant steel to Saudi Arabian Oil Co., or Aramco, for ...
Seoul vows zero-tolerance measures against unfair stock trading
South Korea’s top financial regulators and its stock exchange operator will launch a joint task force to strengthen oversight of unlawful fina...
US unveils 25% tariffs on S.Korea, sets Aug. 1 deadline for agreement
US President Donald Trump on Monday announced new tariffs of 25% on South Korea, set to take effect on Aug. 1 unless the two countries reach a trade...
Samsung Heavy Industries clinches $635 mn preliminary FLNG deal with African shipowner
Samsung Heavy Industries Co., a major South Korean shipbuilder, has signed a preliminary agreement worth 869.4 billion won ($635 million) with an Af...
Sale of $1.5 bn Pangyo Tech 1, overseen by Mirae Asset, draws strong bids from global PEFs
The sale of Pangyo Tech 1, a landmark office tower in Pangyo, South Korea’s answer to the US' Silicon Valley, has drawn strong bidding interes...
Hyundai Rotem seals record $6.5 bn K2 tank deal with Poland
Hyundai Rotem Co., a South Korean defense system developer, will export its battle tanks to Poland in what would be the largest single export deal f...
Blackstone in talks to acquire Korea’s top salon chain Juno Hair in $590 mn deal
US private equity firm Blackstone Inc. is pursuing the acquisition of Juno Hair, South Korea’s largest premium hair salon chain, in a deal tha...
POSCO E&C wins $1.1 bn LNG terminal deal in Thailand
POSCO E&C Co., a South Korean engineering and construction company, said on Tuesday that it has secured a 1.5 trillion won ($1.1 billion) contra...
DB Insurance in talks to buy US auto insurer Fortegra in $1.5 billion deal
DB Insurance Co., a leading South Korean non-life insurance company, is in advanced talks to acquire US-based insurer Fortegra in a deal that could ...
NPS, Scape acquire Aussie senior living operator Aveo from Brookfield
South Korea’s state-run pension fund, the National Pension Service (NPS), has partnered with Australia’s student housing specialist Scap...
JKL Partners to acquire $150 mn cult-favorite bagel chain London Bagel
JKL Partners Inc., a Seoul-based private equity firm, is set to acquire London Bagel Museum, a growing sensation in South Korea’s booming prem...
S.Korean game developer Krafton acquires Japan’s ADK for $517 million
Krafton Inc., a major South Korean game publisher, has acquired Japan's leading advertising and animation group ADK for 75 billion yen ($517 million...
LS Electric poised to join Nvidia's supply chain via Vertiv deal
LS Electric Co., a South Korean industrial system supplier, is poised to deliver a large volume of power control equipment, including switchgears an...
Lotte Biologics signs antibody drug CMO deal with UK’s Ottimo Pharma
BOSTON – Lotte Biologics Co. has signed a deal to manufacture an antibody therapy for British biotech startup Ottimo Pharma as the South Korea...
SK Hynix leads Samsung in customized HBM; lands Nvidia, Microsoft deals
SK Hynix Inc. has secured Nvidia Corp., Microsoft Corp. and Broadcom Inc. as key clients of its customized high-bandwidth memory (HBM), positioning ...
LG Energy cracks China's cylindrical battery market with Chery deal
LG Energy Solution Ltd. said on Monday it has signed a six-year contract with Chery Automobile Co. to supply 8 gigawatts per hour (GWh) of next-gene...
