LG Innotek shares surge on anticipation of Apple Car, new iPhone 

LG Innotek shares surge on anticipation of Apple Car, new iPhone 

Shares of Korean companies supplying parts to Apple rose sharply on Thursday. The jump comes on the back of robust iPhone sales and buzz that the ...

SK Group’s Chey rebuts FTC charges of unfair business practice

SK Group’s Chey rebuts FTC charges of unfair business practice

South Korea’s Fair Trade Commission has imposed a fine of 1.6 billion won ($1.3 million) on SK Group Chairman Chey Tae-won and the conglomerat...

Naver Webtoon to acquire Korea’s virtual human maker

Naver Webtoon to acquire Korea’s virtual human maker

Naver Webtoon Ltd., the digital comics platform of South Korea’s online portal giant Naver Corp., is set to acquire the management rights of d...

POSCO puts stability above reform in management overhaul

POSCO puts stability above reform in management overhaul

South Korea’s steel giant POSCO has chosen stability over reform in its latest management overhaul, retaining most chief executives at group a...

Korea’s DL Energy to expand US power plant business

Korea’s DL Energy to expand US power plant business

South Korea’s DL Energy is set to expand its power plant business in the US.DL Energy, formerly known as Daelim Energy, said on Dec. 17 that i...

Robotics shares climb on back of Samsung interest

Robotics shares climb on back of Samsung interest

Shares of Korean robot makers jumped this week following a tech giant’s decision to extend resources on its robotics department. Invest...

POSCO approves holding company plan for eco-friendly business

POSCO approves holding company plan for eco-friendly business

South Korea’s POSCO Co. is set to split off the company to launch an investment holding firm, 21 years after its privatization. The move aims ...

Samsung’s mobile business renamed MX to highlight user experience

Samsung’s mobile business renamed MX to highlight user experience

Samsung Electronics Co. on Friday changed the name of its mobile communications business to MX, short for mobile experience, in line with its pursui...

ViacomCBS, CJ ENM join hands to expand global businesses

ViacomCBS, CJ ENM join hands to expand global businesses

ViacomCBS Inc., one of the top four US media conglomerates, and CJ ENM Co., South Korea’s entertainment powerhouse, have teamed up to expand t...

Samsung, Hyundai Motor, SK leaders on overseas business trips

Samsung, Hyundai Motor, SK leaders on overseas business trips

Leaders of South Korea’s three big conglomerates – Samsung, Hyundai and SK – are meeting with their major partners and business le...

Krafton enters metaverse space with investment in Naver’s Zepeto

Krafton enters metaverse space with investment in Naver’s Zepeto

Krafton Inc., one of South Korea’s major game developers, is entering the metaverse space by investing 5 billion won ($4.2 million) in Zepeto,...

Korea lawmakers approve record $515 bn budget for 2022

Korea lawmakers approve record $515 bn budget for 2022

South Korea’s parliament on Dec. 3 approved a record $515 billion spending for 2022 to support a recovery in Asia’s fourth-largest econo...

Hyundai Oilbank to start IPO process this month

Hyundai Oilbank to start IPO process this month

South Korean refiner Hyundai Oilbank Co. plans to begin the process for a stock market listing in the first half of 2022 as early as this month with...

Softbank joins $190 mn fundraising by Naver metaverse platform

Softbank joins $190 mn fundraising by Naver metaverse platform

Naver Corp.’s metaverse platform secured $190 million from Softbank and other investors to expand its business in a market marked by fierce co...

Hankook Tire buys Canada's self-driving sensor maker

Hankook Tire buys Canada's self-driving sensor maker

South Korea's Hankook Tire Group has acquired a majority stake worth 204.5 billion won ($173 million) in Canada's Preciseley Microtechnology Corp., ...

S.Korea to build solar power plants in Chile for $130 mn

S.Korea to build solar power plants in Chile for $130 mn

South Korea is planning to build solar photovoltaic power plants in Chile, investing $130 million, in a move to help local companies expand their re...

SK Square to invest $75 mn in Korea crypto exchange

SK Square to invest $75 mn in Korea crypto exchange

South Korea’s SK Square, an investment firm spun off from SK Telecom Co., will buy a stake in a local cryptocurrency exchange to expand its po...

Doosan aims to raise $1.3 bn in rights offering

Doosan aims to raise $1.3 bn in rights offering

Doosan Heavy Industries & Construction Co., South Korean conglomerate Doosan Group’s subsidiary, agreed to raise 1.5 trillion won ($1.3 ...

LG Electronics names strategy chief as new CEO

LG Electronics names strategy chief as new CEO

South Korea's LG Electronics Inc. on Thursday appointed its strategy chief Cho Joo-wan as the company's new chief executive officer, in a major resh...

Hyundai E&C teams up with US Holtec on SMR business

Hyundai E&C teams up with US Holtec on SMR business

South Korea’s builder Hyundai Engineering & Construction Co. (Hyundai E&C). is set to join the small modular reactor (SMR) business in...

Hanwha Solutions invests $100 mn in US energy startup Lancium

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...

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

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...

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

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...

SK Ecoplant to start offshore wind power business

SK Ecoplant to start offshore wind power business

SK Ecoplant Co., the construction unit of South Korea’s SK Group, is slated to enter the offshore wind power business by acquiring a local win...

SK seeks to make Pfizer, Merck COVID-19 pills in CMO deals

SK seeks to make Pfizer, Merck COVID-19 pills in CMO deals

SK Inc., the investment and holding company of South Korea’s SK Group, is seeking to make COVID-19 treatment pills developed by Pfizer Inc. an...

Celltrion looks beyond biosimilars to develop its own mRNA drugs

Celltrion looks beyond biosimilars to develop its own mRNA drugs

South Korea’s Celltrion Inc. has long been a biosimilar player, producing replicas of original drugs, a growing market in the pandemic era.Ear...

LG to expand medical equipment business with pain-relieving device

 LG to expand medical equipment business with pain-relieving device

LG Electronics Inc. is expanding its business scope to the medical equipment sector with a plan to unveil a pain-relieving device in an effort to ga...

Legal data firm FiscalNote to list on Nasdaq via $1.3 bn SPAC deal

Legal data firm FiscalNote to list on Nasdaq via $1.3 bn SPAC deal

FiscalNote Holdings Inc., a US legal data and analytics company founded by a Korean-American, is set to go public in a deal valued at $1.3 billion. ...

Pulmuone to expand alternative meat business in the US

Pulmuone to expand alternative meat business in the US

South Korea’s major food company Pulmuone. Co. is slated to expand sales of its in-house developed meat alternatives in the US market. The foo...

Global supply crisis endangers S.Korea’s manufacturers

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...

Samsung Heavy Industries clinches $635 mn preliminary FLNG deal with African shipowner Gochujang, fiery seasonings: K-sauces go viral among adventurous foreign palates HD Hyundai, India’s Cochin Shipyard to pursue joint shipbuilding orders SK Innovation to restore Vietnam’s mangrove forests in ESG initiative LG Electronics' Q2 profit halved as US tariffs bite