S.Korea to overhaul retirement pension system, introduce competition for higher returns

S.Korea to overhaul retirement pension system, introduce competition for higher returns

South Korea is planning a sweeping overhaul of its corporate retirement pension system by introducing a competitive, fund-based model that would pit...

Australian infrastructure offers compelling opportunity: QIC

Australian infrastructure offers compelling opportunity: QIC

Australia is uniquely positioned to offer a diversified and resilient exposure for infrastructure equity investment, supported by its solid economic...

Hyundai-owned Boston Dynamics’ Spot embarks on public safety missions

Hyundai-owned Boston Dynamics’ Spot embarks on public safety missions

Spot, a quadruped robot developed by Boston Dynamics Inc., will aid defense and safety agencies in Australia, New Zealand and Indonesia to assist in...

Celltrion wins Australian approval for eye, bone disease biosimilars

Celltrion wins Australian approval for eye, bone disease biosimilars

Celltrion Inc. said Wednesday it has received regulatory approval from Australia’s Therapeutic Goods Administration (TGA) for three biosimilar...

S.Korea’s Hanwha acquires 9.9% in Australia’s Austal

S.Korea’s Hanwha acquires 9.9% in Australia’s Austal

South Korean chemicals-to-defense conglomerate Hanwha Group has taken a 9.9% stake in Austal Ltd., an Australian shipbuilder, for 183.3 million Aust...

Hyundai's Chung urges guarding against pessimism in ‘perfect storm’

Hyundai's Chung urges guarding against pessimism in ‘perfect storm’

Hyundai Motor Group Executive Chairman Chung Euisun on Monday urged executives and employees to guard against pessimism amid a “perfect storm&...

Korea Zinc, Hanwha to co-work on Austrailian BESS project

Korea Zinc, Hanwha to co-work on Austrailian BESS project

Korea Zinc Inc., the world’s top lead and zinc smelter, said on Tuesday its Australian subsidiary Ark Energy selected Hanwha Corp. as the pref...

Hanwha Ocean, HD Hyundai reconcile, look to joint overseas warship bids

Hanwha Ocean, HD Hyundai reconcile, look to joint overseas warship bids

South Korea’s two warship builders – HD Hyundai Heavy Industries Co. and Hanwha Ocean Co. – have agreed to bury the hatchet and jo...

Bibigo enters Australian supermarket chain Coles

Bibigo enters Australian supermarket chain Coles

South Korean food giant CJ CheilJedang Corp. said on Monday that its Bibigo products will be sold in Coles, Australia’s second-largest superma...

Korea’s HD Hyundai, Hanwha fail to win $7.3 bn Australian navy deal

Korea’s HD Hyundai, Hanwha fail to win $7.3 bn Australian navy deal

HD Hyundai Heavy Industries Co. and Hanwha Ocean Co. failed to win a $7.3 billion deal to build frigates for the Australian Navy, industry sources a...

Hyundai Mobis gets cybersecurity certification in Europe

Hyundai Mobis gets cybersecurity certification in Europe

Hyundai Mobis Co. has become the first Asian auto parts company to receive cybersecurity certification in Europe, which is leading the way in establ...

Hanwha teams up with Australian startup for space business

Hanwha teams up with Australian startup for space business

South Korea’s Hanwha Aerospace Co. has joined hands with Australian startup Gilmour Space Technologies in the space business, bolstering coope...

Kia ranks first in customer satisfaction in India

Kia ranks first in customer satisfaction in India

Kia Corp. said on Tuesday that it ranked first in the mass-market brand category in the customer experience index survey recently released by India'...

SK E&S creates value chain from FPSO, gas field project to carbon capture

SK E&S creates value chain from FPSO, gas field project to carbon capture

SINGAPORE – At Seatrium Admiralty Yard on Jurong Island, southwest of Singapore, some 2,000 workers are busy welding gas pipes and doing other...

SK Earthon wins Australian carbon storage exploration rights

SK Earthon wins Australian carbon storage exploration rights

SK Earthon Co., the energy resources exploration and production (E&P) unit of South Korea’s top energy company SK Innovation Co., will spe...

Unlocking value in the Australian energy transition: QIC

Unlocking value in the Australian energy transition: QIC

Australia is primed to stand at the forefront of the global energy transition, boasting abundant solar and wind capacity, alongside substantial rese...

CJ's Bibigo Gimbap enters Australian Woolworths stores

CJ's Bibigo Gimbap enters Australian Woolworths stores

South Korea's food giant CJ CheilJedang Corp. announced on Sunday that it released its Bibigo frozen Gimbap products at Woolworths, Australia's numb...

Shinhan, POSCO invest $20 mn in Australian hydrogen startup Hysata

Shinhan, POSCO invest $20 mn in Australian hydrogen startup Hysata

South Korean steel giant POSCO Holdings Inc. and banking conglomerate Shinhan Financial Group have invested a combined US$20 million in Australian g...

Korea’s HD Hyundai ties up with GE, L3Harris for warship exports

Korea’s HD Hyundai ties up with GE, L3Harris for warship exports

South Korea’s top shipbuilder HD Hyundai Heavy Industries Co. is joining hands with major US defense technology firms to expand its presence i...

Hanwha committed to Austal takeover deal despite rejected bid

Hanwha committed to Austal takeover deal despite rejected bid

Hanwha Ocean Co., the world’s second-largest shipbuilder, said on Tuesday it made a takeover bid for Austal and negotiated the price and terms...

Korea's Military Mutual Aid Association starts search for new CIO

Korea's Military Mutual Aid Association starts search for new CIO

South Korea’s Military Mutual Aid Association (MMAA), which managed 10.4 trillion won ($7.7 billion) in assets as of the end of 2023, said on ...

Korean savings banks swing to loss after 9 years

Korean savings banks swing to loss after 9 years

South Korea’s savings banks turned to the red after nine years in 2023 as they put aside heavy reserves on future loan losses, with their loan...

Australian real estate debt, capitalizing on growth: Savills IM

Australian real estate debt, capitalizing on growth: Savills IM

The commercial real estate (CRE) debt market in Australia has grown rapidly over the last decade. According to the Australian Prudential Regulation ...

LG Energy to buy more Australian lithium for US EV benefits

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...

SK Telecom to enter Australian pet clinics market in H1

SK Telecom to enter Australian pet clinics market in H1

South Korea’s SK Telecom Co. announced on Tuesday that it has signed a commercial contract with ATX Medical Solutions, Australia's largest m...

Korea, Indonesia to facilitate bilateral trade in won, rupiah

Korea, Indonesia to facilitate bilateral trade in won, rupiah

The central banks of South Korea and Indonesia agreed to facilitate the settlement of bilateral trade in their currencies from next year as the elec...

Hanwha clinches $2.4 bn Australian armored vehicle deal

Hanwha clinches $2.4 bn Australian armored vehicle deal

Hanwha Aerospace Co. has won a $2.4 billion armored vehicle supply deal to Australia, adding to expectations that the South Korean defense industry ...

CJ CheilJedang introduces K-Food in EzyMart across Australia

CJ CheilJedang introduces K-Food in EzyMart across Australia

South Korean food company CJ CheilJedang Corp. on Thursday announced its foray into Australia's convenience store sector by introducing its popular ...

SK, Hyundai Motor's US JV, named Georgia's Deal of Year

SK, Hyundai Motor's US JV, named Georgia's Deal of Year

South Korea’s battery maker SK On and Hyundai Motor Group's joint battery project in Georgia, the US, was awarded the "Deal of the Year 2023 i...

Dong-A ST, UMass to jointly research for gene therapy

Dong-A ST, UMass to jointly research for gene therapy

South Korea's Dong-A ST announced on Friday it has signed a joint research agreement with the University of Massachusetts (UMass) Chan Medical Schoo...

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