LG Chem develops eco-friendly flame-retardant material

South Korea's LG Chem Ltd. developed an eco-friendly, flame-retardant material.The company announced on Monday that its per- and polyfluoroalkyl sub...

LG ramps up European HVAC marketing with new Therma V model

LG Electronics Inc., a leading South Korean home appliance maker, is strengthening efforts to enhance its presence in Europe’s heating, ventil...

Daedong wins $268 mn tractor order from Aral Group

South Korea’s No. 1 agricultural machinery maker Daedong Corp. announced on Tuesday that it signed a deal with Türkiye's Aral Group to ...

LG Elec sees steady 2023 sales to widen gap with Whirlpool

LG Electronics Inc. expects sales of its home appliances division, the key cash cow of the South Korean company, to remain steady at 30 trillion won...

CJ Haechandle Gochujang acquires Europe's V-Label

CJ CheilJedang Corp.'s flagship fermented food brand Haechandle Gochujang (hot pepper paste) is set to expand into the global market, backed by its ...

SK Nexilis develops copper foil for cylindrical batteries

South Korea's SK Nexilis, a maker of copper foil for secondary cells under SKC Inc., has achieved a world first with its development of a highly elo...

Samsung’s new NAND boasts industry’s highest storage capacity

Samsung Electronics Co., the world’s largest memory chipmaker, has begun mass producing its latest NAND chip, which features the industry&rsqu...

Business magnates' startup investment fraternity V-Society going strong

Back in August 2000, a fraternity of domestic business magnates’ children and startup entrepreneurs named V-Society was founded. The frat...

Global airlines raise flights to pre-COVID levels on border reopening

Global airlines are increasing flights to pre-pandemic levels as countries worldwide are opening up their borders to support the tourism sector, ram...

Contrarian leader's bets drive Kumho Petrochem's record profits

At the end of last year, executives of Kumho Petrochemical Co. were in a heated debate on whether or not to expand the capacity of nitrile butadiene...

Hyundai Engineering wins $256 mn order to revamp Thai IRPC refinery

South Korea’s construction company Hyundai Engineering Co. won a $256 million order from IRPC Pcl. to upgrade its refinery, allowing the Thai ...

BOK raises growth view as it holds rate, warns against V-shaped recovery

The Bank of Korea has raised its growth forecast for this year and next, citing advances in vaccine development and a rebound in exports, after keep...