Shinsegae, Hana Financial, Bain Capital to finance $438 mn Starfield Cheongna

Shinsegae, Hana Financial, Bain Capital to finance $438 mn Starfield Cheongna

Shinsegae Property, a subsidiary of South Korean retail giant Shinsegae Group, on Tuesday unveiled a 600 billion won ($438 million) investment agree...

Loss-making Lotte Chemical to sell water treatment unit to Synopex

Loss-making Lotte Chemical to sell water treatment unit to Synopex

Lotte Chemical Corp., South Korea’s second-largest petrochemical company grappling with mounting losses amid a prolonged industry downturn, wi...

Lotte Chemical, HD Hyundai seek to combine naphtha cracking facilities

Lotte Chemical, HD Hyundai seek to combine naphtha cracking facilities

Lotte Chemical Corp. and HD Hyundai Co. are in talks to consolidate their naphtha cracking operations in South Korea’s Daesan petrochemical co...

Colliers to lead $689 million sale of IGIS Asset-owned Signature Tower

Colliers to lead $689 million sale of IGIS Asset-owned Signature Tower

Colliers Korea, a unit of global real estate asset management group Colliers, has been chosen as the adviser for the sale of Signature Tower in cent...

Kumho Petrochemical's Seoul headquarters put on market

Kumho Petrochemical's Seoul headquarters put on market

IGIS Asset Management Co., has put Kumho Petrochemical Group’s headquarters building, Signature Tower in central Seoul, up for sale – a ...

One-third of Korean petrochem bonds incur valuation losses

One-third of Korean petrochem bonds incur valuation losses

South Korean institutional investors, including banks, insurers and securities companies, have yet to fully benefit from recent declines in bond yie...

J-R AMC, BlueCove bid on $70 million sale of Mirae Asset, NPS’ Shilla Stay

J-R AMC, BlueCove bid on $70 million sale of Mirae Asset, NPS’ Shilla Stay

The sale of Shilla Stay Dongtan, a premium business hotel operated by South Korea’s Hotel Shilla Co., has attracted four bidders, underscoring...

S.Korea’s corporate bond market cools amid poor earnings

S.Korea’s corporate bond market cools amid poor earnings

Investors’ appetite for corporate debts sold by South Korea’s petrochemical, retail and battery companies has waned this month amid grim...

MSCI Korea Index removes four petrochem firms, seven other stocks

MSCI Korea Index removes four petrochem firms, seven other stocks

MSCI, a global index compiler, said on Wednesday it has removed 11 stocks, including Lotte Chemical Corp., from its Korea index without any addition...

Neubility, Samsung C&T offer robot delivery service

Neubility, Samsung C&T offer robot delivery service

South Korea's autonomous robot startup Neubility and Samsung C&T Corp. said on Wednesday that they began to offer door-to-door delivery in apa...

Korean petrochemical sector to sell corporate bonds amid downturn

Korean petrochemical sector to sell corporate bonds amid downturn

South Korea’s petrochemical producers are set to issue corporate bonds to take advantage of ample liquidity at the beginning of the year amid ...

Korea to ease rules for petrochem industry M&As, plant closures

Korea to ease rules for petrochem industry M&As, plant closures

South Korea will ease regulations and offer incentives to facilitate the restructuring of domestic petrochemical makers battling a global suppl...

Hanmi breaks ground pharmaceuticals complex in Beijing

Hanmi breaks ground pharmaceuticals complex in Beijing

South Korea's Hanmi Pharmaceutical Co. said on Friday that Beijing Hanmi Pharm, its subsidiary in China, held the groundbreaking ceremony for a proj...

S.Korea to restructure ailing petrochemical industry

S.Korea to restructure ailing petrochemical industry

South Korea plans to restructure the struggling domestic petrochemical industry amid intensifying competition with Chinese rivals and oversupply by ...

Samsung vows to regain chip lead with new R&D center

Samsung vows to regain chip lead with new R&D center

Samsung Electronics Co. is pinning its hopes on its new research and development complex, which will cost the company 20 trillion won ($14.4 billion...

Samsung E&A wins $214 mn petrochem plant contract in Qatar

Samsung E&A wins $214 mn petrochem plant contract in Qatar

Samsung E&A Co. said on Friday that it won a contract for the RLP ethylene storage plant construction project in Qatar, valued at 300 billion wo...

Hyundai Glovis to build logistics complex in Korea’s top port city

Hyundai Glovis to build logistics complex in Korea’s top port city

Hyundai Glovis Co., the logistics unit of the world’s third-largest carmaker Hyundai Motor Group, plans to establish a logistics complex in Bu...

Kakao Mobility, Samsung C&T to co-work on robot, parking solutions

Kakao Mobility, Samsung C&T to co-work on robot, parking solutions

Kakao Mobility Corp., South Korea’s largest taxi-hailing app operator, announced on Friday that it signed a business agreement with Samsung C&...

Shinsegae, Paramount to build $3.39 billion theme park complex in S.Korea

Shinsegae, Paramount to build $3.39 billion theme park complex in S.Korea

South Korea’s retail giant Shinsegae Group said on Thursday it has partnered with US media group Paramount Global on a 4.57 trillion won ($3.3...

EcoPro, China’s GEM to build cathode complex in Indonesia

EcoPro, China’s GEM to build cathode complex in Indonesia

South Korea’s leading electric vehicle cell materials producer EcoPro Group joined hands with the world’s second-largest precursor manuf...

Mastern, Woods Capital team up for tech hub

Mastern, Woods Capital team up for tech hub

Mastern Investment Management Co., South Korea's real estate investment firm, said on Monday that its US subsidiary Mastern America LLC signed a mem...

SGC E&C secures $189 mn petrochem facility project in Saudi Arabia

SGC E&C secures $189 mn petrochem facility project in Saudi Arabia

SGC Engineering & Construction (E&C), a specialist in design, procurement and construction (EPC), said on Thursday that it has signed a cont...

GS Caltex to capture and utilize carbon with own technology

GS Caltex to capture and utilize carbon with own technology

South Korea's GS Caltex Corp. will launch a carbon capture and utilization (CCU) project in collaboration with South Jeolla Province and Yeosu City ...

US to award SK Hynix up to $450 mn for Indiana chip complex

US to award SK Hynix up to $450 mn for Indiana chip complex

The US government said on Tuesday it plans to provide SK Hynix Inc., the world’s leading high-bandwidth memory (HBM) chipmaker, up to $450 mil...

DN Solutions to build plant, R&D center in India

DN Solutions to build plant, R&D center in India

DN Solutions, the world's third-largest and South Korea's top machine tool manufacturer, said on Tuesday that it will establish a new plant and rese...

LG Energy halts Arizona battery plant building on weak EV sector

LG Energy halts Arizona battery plant building on weak EV sector

LG Energy Solution Ltd., the world’s third-largest electric vehicle (EV) cell maker, has suspended construction of a plant in Arizona for batt...

Korea Eximbank provides $1 bn in PF for Saudi Amiral project

Korea Eximbank provides $1 bn in PF for Saudi Amiral project

The Export-Import Bank of Korea (Eximbank) announced on Thursday that it will provide $1 billion in project financing for the Amiral petrochemical f...

LG Chem displays bright outlook after loss in first quarter

LG Chem displays bright outlook after loss in first quarter

LG Chem Ltd., the parent of the world's second-largest battery maker LG Energy Solution Ltd., expects its business will improve in upcoming quarters...

Honda, POSCO Future M to build cell materials plant in Canada

Honda, POSCO Future M to build cell materials plant in Canada

Japan’s Honda Motor Co. and South Korea’s POSCO Future M Co. agreed to build a battery materials plant in Canada where the automaker wil...

Qcells inks US solar modules, power plants deal with TGC

Qcells inks US solar modules, power plants deal with TGC

Hanwha Q Cells Co., a solar power unit of South Korea’s chemicals-to-defense conglomerate Hanwha Group also known as Qcells in overseas market...

Kakao Pay backs out of acquisition deal for SSG Pay, Smile Pay Hanwha in talks to buy five-star hotel Paraspara Seoul Kia's Lego-like PV5 with 16 variants to hit market in July Stray Kids make K-pop history with landmark stadium show in Germany S.Korea’s most prominent business leader returns with all charges cleared