Hyundai E&C likely to win Bulgaria’s nuclear project

South Korea’s Hyundai Engineering & Construction Co. (Hyundai E&C) was picked as the preferred bidder for Bulgaria's new nuclear react...

EV battery makers' silicon anode demand set for take-off

The global market of silicon anode, a lithium-ion battery component garnering attention due to its higher energy capacity and faster charging than g...

E-Mart to open first Korean supermarket chain in Laos

E-Mart Inc. said on Friday it will become the first South Korean supermarket company to open a chain store in Laos in its push to expand into Southe...

Lotte Chemical builds AI organizations

South Korea's Lotte Chemical Corp. announced on Thursday that it has established artificial intelligence (AI) organizations tailored to the characte...

POSCO to build world's largest battery cathode plant cluster

GWANGYANG, South Jeolla Province  -- POSCO Future M Co., a battery materials supplier, on Thursday broke ground on its fifth cathode materials ...

CJ Logistics builds logistics center for Crocs

South Korea’s CJ Logistics announced on Thursday that it has established a global logistics center for the renowned shoe brand Crocs in Icheon...

LG Energy expedites LFP battery supply chain expansion

LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, has secured enough lithium iron phosphate (LFP) cathode ma...

SK Energy, PTC Korea team up for smart plant construction business

SK Energy Co., South Korea’s top oil refiner and energy company, said on Wednesday it has teamed up with PTC Korea Co. to jointly enter the gl...

HD Hyundai to build power distribution device plant in Cheongju

South Korea's HD Hyundai Electric Co. announced on Tuesday that it will invest 117.3 billion won ($87.72 million) in building a new medium and low...

S.Korea to build new English disclosure system

South Korea’s Financial Supervisory Service (FSS) announced on Feb. 18 that it will broaden the scope of its English electronic disclosure ser...

S.Korean refiners’ competition in EV lubricants sector intensifies

Refiners in South Korea are in a race to expand their presence in the electric vehicle lubricants market through overseas production facilities and ...

Hyundai Motor to take over Hyundai Mobis' fuel cell business

Hyundai Motor Co. will take over its auto parts and components-producing sibling Hyundai Mobis Co.'s fuel cell business, accelerating the South Kore...

LG Energy to produce 4680 batteries in August for Tesla, others: CEO

LG Energy Solution Ltd., the world’s third-largest battery maker, plans to begin mass production of larger format cylindrical cells used by Te...

LG Energy to buy more Australian lithium for US EV benefits

LG Energy Solution Ltd., the world’s third-largest electric vehicle (EV) battery maker, said on Wednesday it was set to buy more lithium, a ke...

LG Energy's 2nd bond issue hits record $4.2 bn in bids

LG Energy Solution Ltd., the world’s second-largest rechargeable battery maker, drew a record 5.61 trillion won ($4.2 billion) in bids for a S...

Doosan to form $75 mn fund for new techs

Doosan Investment, the corporate venture capital (CVC) arm of South Korea's Doosan Group, has formed a 100 billion won ($75 million) fund, focusin...

GM chair to visit Korea, meet LG Energy, Samsung SDI CEOs

General Motors Chair and Chief Executive Mary Barra will visit South Korea on Wednesday to meet leaders of LG Energy Solution Ltd. and Samsung SDI C...

Rebellions, Superb AI partner to bolster vision AI

South Korea’s fabless AI chip startup Rebellions Inc. has joined hands with Y Combinator alumnus-led Superb AI Inc., an AI training data platf...

HD KSOE seeks to build nuclear power plant ships

HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) is hastening to advance into the nuclear power plant ship market in collaboration wit...

POSCO Int’l to invest $760 mn in energy business in 2024

POSCO International Corp., a South Korean general trading and energy exploration company, will invest 1 trillion won ($760 million) in its energy bu...

SK Hynix to build US chip packaging plant in Indiana: FT

SK Hynix Inc., the world’s second-largest memory chip producer, is reported to have picked Indiana as the site for its advanced chip packaging...

Samyang’s power: Hot Chicken Flavor Ramen by daughter-in-law

Samyang Foods Co., a South Korean instant noodle maker, enjoyed record earnings last year thanks to increasing overseas sales of its global-hit Hot ...

SGC eTEC, OCIM to co-work for green biz in Malaysia

South Korea’s SGC eTEC E&C Co. said on Thursday that it signed an agreement with OCIM, OCI Holdings Co. 's Malaysian subsidiary, to join...

AliExpress’ zero-commission offer jolts Coupang, Naver

AliExpress, an e-commerce arm of China’s Alibaba Group, has offered Korean companies zero commissions, under which it will not charge a sales ...

Digital assets emerge as Korean LPs' No. 1 infrastructure target

Digital infrastructure, such as data centers, towers and smart meters, will be the hottest infrastructure asset this year for South Korean limited par...

LG Energy Solution's ESS division posts first-ever profit

LG Energy Solution Ltd.'s energy storage system (ESS) division posted its first-ever profit on the back of growing replacement demand and new constr...

Carrier releases large inverter air conditioner combining AI, inverter tech

Carrier Corp. announced on Monday that it will release a large inverter air conditioner, combining artificial intelligence (AI) and inverter technol...

LG Energy to supply $748 million worth of batteries to Japan’s Isuzu Motors

LG Energy Solution Ltd., one of the world’s leading battery makers, has agreed to supply its cylindrical batteries to Isuzu Motors Ltd., Japan...

LG Energy leaves 2024 capex unchanged despite softer demand

LG Energy Solution Ltd. will break through the anticipated slowdown in global electric vehicle demand this year with enhanced technology leadership ...

Korea needs population growth for sustainability: World Bank chief

World Bank President Ajay Banga said on Thursday that South Korea needs to boost population growth by easing the fierce competition in education and...