Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A
Celltrion Holdings Co. has secured 1 trillion won ($732 million) in fresh funding and plans to spend half of it this year to buy shares in its biosi...
Shinhan expands global IR push to woo foreign investors
Shinhan Financial Group Co. is stepping up efforts to attract foreign investors with back-to-back global investor relations (IR) campaigns, as South...
OpenAI sets up entity in Korea with most paid ChatGPT users outside US
OpenAI Inc., the creator of generative AI ChatGPT, has established a legal entity in South Korea, which has the largest number of paying ChatGPT sub...
LG’s global HVAC push takes off with new deal in Singapore
LG Electronics Inc. has landed a deal to supply its heating, ventilation, and air conditioning (HVAC) system to a fulfillment center in Singapore, a...
Lotte aims to take Lotte Global Logistics public by end-June
Lotte Group, grappling with a prolonged downturn in the petrochemical industry, plans to take Lotte Global Logistics Co. public by the end of June a...
LG Electronics hits record sales in India, paving way for 2025 IPO
LG Electronics Inc. posted its largest-ever sales in India in 2024, providing a boost to the planned initial public offering of its Indian unit this...
Samsung's Harman goes from ugly duckling to golden swan
When Samsung Electronics Co. acquired Harman International Industries Inc., a global leader in the audio and automotive electronics business, in 201...
Samsung Life mulls putting Samsung Fire under its wing as subsidiary
Samsung Life Insurance Co., South Korea’s largest life insurer, is considering bringing Samsung Fire & Marine Insurance Co., the country&r...
Hanwha Q Cells sells two solar power plant projects in US
Hanwha Q Cells Co., a solar panel manufacturing arm of South Korea's Hanwha Solutions Corp., said on Wednesday that it sold its two large-scale sola...
Piccoma tops consumer spending ranking in Japan
Kakao Piccoma, a Japanese digital comics app subsidiary of South Korean mobile giant Kakao Corp., topped the consumer spending ranking in the Japane...
SK Ecoplant, BMW team up for battery recycling
SK Ecoplant Co., a South Korean construction engineering and waste management company under SK Group, partnered with German luxury carmaker BMW to...
Samyang Foods to establish overseas plant in China
South Korea's Samyang Foods Co. said on Monday it will build its first overseas plant in China. The company plans to invest 64.7 billion won ($...
Asiana Airlines joins Korean Air as subsidiary
Asiana Airlines Inc., one of South Korea’s only two full-service carriers, has passed into history after 36 years of operation to be placed un...
LG CNS to enter US smart building biz
South Korea's LG CNS said on Tuesday it signed a memorandum of understanding (MOU) with the US-based real estate management SomeraRoad and Mastern A...
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 Q cells’ US subsidiary EnFin raises $321 mn through ABS
Hanwha Q Cells Co., the solar power unit of South Korea’s chemicals-to-defense conglomerate Hanwha Group known as Qcells in overseas markets, ...
Hanjin to open Mexico subsidiary
South Korea's Hanjin Transportation said on Friday it will establish a subsidiary in Mexico this year to expand its logistics market in Latin Americ...
LG Energy bags 8-GWh ESS deal from Terra-Gen in US
LG Energy Solution Ltd. will supply US renewable energy power producer Terra-Gen LLC with an energy storage system (ESS) with an 8 Gigawatt-hour (GW...
Hanwha Ocean wins $51.2 mn deal for two LNG carriers
Hanwha Ocean Co., South Korea’s third-largest shipbuilder, secured a new contract to build two LNG carriers, making it the domestic shipyard w...
Volpara to supply breast cancer SW to US Defense Health Agency
Lunit, a South Korean cancer diagnostics AI company, said on Monday its US subsidiary Volpara Health secured a 10 billion won ($7.5 million) contr...
Daedong opens autonomous robot subsidiary Daedong Robotics
Daedong Group, South Korea's leading agricultural machinery manufacturer, said on Monday it established Daedong Robotics, an intelligent autonomous ...
Heavy inheritance, gift taxes spur rich Koreans to emigrate to Singapore
A South Korean co-CEO of a blockchain investment firm with hundreds of millions of dollars in assets moved to Singapore last year to avoid the North...
Celltrion to establish CDMO subsidiary
Celltrion Inc., South Korea’s largest biosimilar maker, said on Friday it plans to establish a contract development and manufacturing organiza...
Hyundai, Kia production may be disrupted by subsidiary labor strike
Hyundai Motor Co. and Kia Corp., South Korea’s two largest carmakers, are likely to face disruptions in local production as their auto parts s...
KB Kookmin Bank issues €500 mn in covered bonds
South Korea's KB Kookmin Bank said on Tuesday that it issued €500 million ($545 million) in global covered bonds the previous day.Covered bonds...
Lotte Shopping to set up Singapore holding firm, eyes its IPO
Lotte Shopping Co., South Korea’s leading retail company, will transform its special purpose company (SPC) in Singapore into a holding firm to...
Hyundai E&C, Surbana Jurong to team up on power projects
South Korea's Hyundai Engineering & Construction Co. (Hyundai E&C) established a cooperative network with Singapore's largest public-sector ...
Hyundai Motor Group expands R&D partnership with Singapore
Hyundai Motor Group, the world’s third-largest automaker, has expanded its research partnership with Singapore into energy, artificial intelli...
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...
Taihan Cable wins $630 mn power grid project in Singapore
South Korea's Taihan Cable & Solution Co. said on Friday that it signed a contract worth 840 billion won ($630 million) with Singapore PowerGrid...
