Samsung’s new foldables: High-stakes game changers in smartphones

Samsung Electronics Co. on Wednesday unveiled its fourth-generation foldable phones – new additions to its high-end line of Galaxy Z Fold and ...

Korean shipbuilder KSOE wins $1.5 bn order for 7 LNG carriers

Korea Shipbuilding & Offshore Engineering Co. (KSOE), the intermediate holding company of the world’s top shipbuilder Hyundai Heavy Indust...

Korea Zinc to invest $7.5 billion in green hydrogen, battery materials

Korea Zinc Co., the world’s largest lead and zinc smelter, plans to spend 9.74 trillion won ($7.5 billion) in renewable energy, green hydrogen...

Mobility platform Socar slashes price to push ahead with IPO

South Korea’s first mobility unicorn Socar Inc. has cut its IPO price by 18% to push ahead with its stock market debut, according to industry ...

Investor sentiment on Korean IPOs remains chilly in H2

Investors are staying away from South Korea’s initial public offering markets as sentiment remains sour on global interest rate hikes, the sus...

SK subsidary to supply EV battery materials to Vietnam's Vingroup

SK IE Technology Co. (SKIET) secured battery separator orders from Vietnam’s No. 1 conglomerate Vingroup, in the latter's push to expand into ...

Hanwha Solutions, OCI to benefit from US push for solar energy

Hanwha Solutions Corp. and OCI Co., South Korea’s two leading solar power-related companies, are poised to gain a tailwind from the US governm...

LG Energy to power all its global operations with renewable energy by 2025

LG Energy Solution Ltd., South Korea’s top battery maker, plans to power all its global production sites with only renewable energy by 2025 to...

Six major Korean firms tie up with Petronas for carbon biz

South Korea’s six biggest companies joined hands with Malaysia’s state energy firm Petroliam Nasional Berhad (Petronas) for the carbon c...

SK Nexilis to unveil ultra-high strength EV battery copper foil

SK Nexilis Co., a unit of South Korean chemical materials maker SKC Ltd., has developed technology to mass produce ultra-high strength copper foil, ...

Solar cells & modules, Hyundai Heavy’s hidden growth fuel

Hyundai Heavy Industries Group, the world’s top shipbuilder, secured another future growth engine from its solar cells and modules business on...

Korean EV, battery makers to benefit from US inflation bill

South Korea’s electric vehicle and battery makers are expected to benefit from the Inflation Reduction Act of 2022, the US bill designed to br...

SK Hynix develops highest density DRAM-based memory system

South Korea’s SK Hynix Inc. said on Monday that it has developed its first double data rate 5 (DDR5) DRAM-based compute express link (CXL) mem...

Samsung SDI in talks with multiple carmakers for 4680 type battery supply

Samsung SDI Co., a major South Korean battery maker, said on Friday that it is in talks with multiple automakers around the world to supply a next-g...

POSCO, Krakatau to expand Indonesia steel mill for $3.5 bn

South Korea’s POSCO Group and Indonesia’s state-run Krakatau Steel plan to jointly invest $3.5 billion in building a blast furnace and a...

LG Chem, GM in $30.6 billion EV battery materials supply deal

South Korea’s top chemicals company LG Chem Ltd. has signed a long-term battery materials supply deal with General Motors Co. to support the U...

LG Energy shrugs off slowing economy as demand grows

South Korea’s top battery maker LG Energy Solution Ltd. on Wednesday unveiled its ambitious goals for revenue and operating margins as electri...

Nonferrous metals conglomerate Poongsan to invest $236 mn

South Korean nonferrous metals conglomerate Poongsan Corp. announced it will invest 313 billion won ($238 million) in facilities to manufacture rech...

SK to build first chip packaging plant in US with $22 bn investment

WASHINGTON DC – SK Group, South Korea’s second-largest conglomerate, said on Wednesday it will build its first memory chip packaging fac...

LG Energy, China’s Huayou Cobalt to build battery recycling joint venture

South Korea’s top battery maker LG Energy Solution Ltd. and China’s mining company Zhejiang Huayou Cobalt Co. have agreed to launch a ba...

Soaring renewable energy costs haunt top Korean firms

Major South Korean conglomerates are stepping up efforts to switch to renewable energy, driving their electricity costs sharply higher amid low supp...

LG Energy to double Ford battery pack production line in Poland

LG Energy Solution Ltd., SK Innovation Co., and other South Korean companies are poised to strengthen their business ties with Michigan-based Ford M...

Samsung develops next-generation data storage device

Samsung Electronics Co. on Thursday unveiled an upgraded data storage device that significantly reduces the computer processing time and energy cons...

Samsung SDI to build new battery plant in Malaysia by 2025

South Korea’s battery manufacturer Samsung SDI Co. held a groundbreaking ceremony for Plant 2 to make cylindrical batteries in Seremban, Mal...

Warehouse robotics maker Floatic raises $2.6 million in pre-Series A

Warehouse automation startup Floatic Robotics wrapped up its pre-Series A round with 3.4 billion won ($2.6 million). The Seoul-based company is...

Korean DL E&C to enter SMR biz with Canada’s Terrestrial

South Korea’s construction company DL E&C Co. is set to make inroads into the small modular reactor (SMR) business for future growth ...

POSCO Int'l tipped to merge with affiliated LNG terminal firm

POSCO International Co., a South Korean trading company, has embarked on a merger with its affiliate POSCO Energy Co. as their parent group is seeki...

SK Hynix puts $3.3 billion factory plan on hold amid global uncertainty

SK Hynix Inc., the world’s second-largest memory chipmaker, has decided to hold off on a 4.3 trillion won ($3.3 billion) plan to build a new N...

Korean LPG firm E1 starts hydrogen fueling business

South Korea’s major liquefied petroleum gas (LPG) distributor E1 Corp. made inroads into the hydrogen industry by setting up the eco-friendly ...

Korea to raise cash support on foreign investments in key sectors

South Korea plans to spend more cash on attracting foreign investments in high-tech and core supply chain industries as foreign direct investment to...