SK Innovation to restore Vietnam’s mangrove forests in ESG initiative
SK Innovation Co. has signed a memorandum of understanding with the government of Tra Vinh, a province in southern Vietnam and MangLub, a local soci...
S.Korea names budget veteran as finance minister to prop up economy
South Korean President Lee Jae-myung on Sunday appointed Koo Yoon-cheol, former head of the budget office, as finance minister as the government is ...
Now, it’s K-vehicle: KG Mobility, Kia lead S.Korea’s military vehicle exports
South Korea’s once domestically focused automakers are making significant inroads into the global defense sector, with a string of recent cont...
KKR sells 9.5% stake in HD Hyundai Marine, recoups $450 million
Global private equity firm KKR & Co. Inc., formerly known as Kohlberg Kravis Roberts & Co., has sold a 9.5% stake in HD Hyundai Marine Solut...
Vietnam, gateway for SK Group’s global renewable energy push
TIEN GIANG, VIETNAM – Off the coast of Vietnam’s Tien Giang Province, 36 wind turbines spin steadily with a constant whoosh and swish, g...
SK Innovation E&S, JB Financial team up for renewable energy loans
JB Financial Group Co., the parent company of Jeonbuk Bank and Gwangju Bank, will join hands with SK Innovation E&S Co. and InnerGen Co. to roll...
Hanwha wins $1.6 billion order to build 6 container ships for Evergreen
Hanwha Ocean Co., a leading South Korean shipbuilder, said on Monday it has won a 2.33 trillion won ($1.61 billion) order to build six eco-friendly,...
Trump-driven energy boom spurs Korean firms to hike US gas investments
WOODFORD, Oklahoma – A shale gas field in Woodford, Carter County was bustling with activity on Feb. 25.A team of engineers oversaw the drilli...
SK Innovation E&S to secure 10 mn tons of LNG to compete with BP, Shell
SK Innovation E&S (SKI E&S), the natural gas business unit of South Korea’s SK Innovation Co., is set to begin an LNG trading business...
KKR recoups $206 mn in block sale of HD Hyundai Marine shares
Global private equity firm KKR & Co. Inc. has succeeded in cashing out of its stake in HD Hyundai Marine Solution Co. for 295 billion won ($206 ...
HD Korea Shipbuilding premieres nuclear-powered ship design
HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), the parent of the world’s largest shipbuilder HD Hyundai Heavy Industries Co.,...
HD Hyundai Marine sets sights on LNG vessel retrofitting in Trump era
While the global shipbuilding industry was reeling from the economic slowdown in recent years, South Korea’s HD Hyundai Marine Solution Co., a...
Hanwha's financial companies open AI center in San Franciso
South Korea’s seventh-largest conglomerate’s financial companies have opened a joint artificial intelligence center in San Francisco, a ...
GS Retail selects six startups to innovate retail biz
South Korea's GS Retail said on Friday it selected six startups—Studio Lab, Tilda, Oasis Business, YesPlzAI, Vessl AI, and Raondata—th...
S&P upgrades SK Innovation credit rating to BBB-
Global credit rating agency Standard & Poor's (S&P) announced on Friday that it upgraded SK Innovation Co.'s long-term credit rating from a ...
SK Innovation-SK E&S merger creates Asia’s No. 1 energy supplier
SK Group on Friday launched the merged entity between SK Innovation Co. and liquefied natural gas supplier SK E&S Co., a key step in the energy-...
LG Chem opens Europe Innovation Center in Germany
South Korea's LG Chem Ltd., the world’s fourth-largest chemicals manufacturer, said on Sunday the opening of its Europe Innovation Center in F...
HD Hyundai to build int'l standards for carbon emissions
South Korea's HD Hyundai Marine Solution Co. said on Wednesday that it signed a Life Cycle Assessment (LCA) Agreement with HD Hyundai Samho and the ...
Hyundai Motor Group, D.Camp to host startup demo day
Hyundai Motor Group's open innovation platform ZER01NE said on Tuesday it partnered with startup accelerator D.Camp in collaboration with 19 finan...
Hyundai, Kia’s H1 vehicle sales in Singapore double
South Korea’s top automaker Hyundai Motor Group said on Sunday its vehicle sales in Singapore, a high-tech innovation hub, more than doubled i...
LG NOVA hosts Innovation Festival in US
LG Electronics Inc. 's North American Innovation Center (LG NOVA) said on Monday that it held an Innovation Festival last Wednesday and Thursday at ...
Microsoft, KT join forces to propel Korea’s AI innovation
Microsoft Corp. and KT Corp., one of South Korea's top three telecom companies, will drive artificial intelligence transformation in the Korean firm...
42Maru builds defense-specialized GenAI platform
42Maru, South Korea's generative AI and language AI startup said on Friday that it was selected as the lead organization for the Defense Technolog...
Mirae Asset named as Best Securities House in S.Korea by Euromoney
Mirae Asset Securities announced on Thursday that it has been named “Best Securities House in South Korea” at the Euromoney Securities H...
Korea's SK Energy to start commercial operations of SAF production line
SK Energy Co., South Korea’s largest oil refiner, is set to start commercial operations of a production line for sustainable aviation fuel (SA...
SK Innovation-SK E&S merger gains shareholders’ nod
SK Innovation Co., South Korea’s largest energy company, has won majority support from its shareholders for a merger with its liquefied natura...
NPS to veto SK Innovation’s merger with LNG affiliate
South Korea’s National Pension Service (NPS), manager of the world’s third-largest public pension fund, said on Thursday it is set to ve...
Korea's KEDI-based ETFs boom; net assets double in 2 months
South Korean exchange-traded funds (ETFs) tracking KEDI, an index set created by The Korea Economic Daily, are booming on growing investor demand fo...
Tighter emissions rules boost HD Hyundai Marine margin
HD Hyundai Marine Solution Co., a ship parts manufacturing and after-sales service company, has reported the highest-ever operating profit margin in...
HD Hyundai Marine wins $30 mn LNG-FSU conversion deal
South Korea's HD Hyundai Marine Solution Co. secured its first project to convert a floating storage unit for liquefied natural gas (LNG-FSU).HD Hyu...
