Samsung Electro-Mechanics’ plan to build plant in Mexico shelved amid Trump tariffs

Samsung Electro-Mechanics’ plan to build plant in Mexico shelved amid Trump tariffs

Samsung Electro-Mechanics Co., a leading South Korean electronics parts maker, has abandoned plans to build a new manufacturing plant in Mexico and ...

Kolon's early bets on para-aramid recovery pays off amid AI boom

Kolon's early bets on para-aramid recovery pays off amid AI boom

The artificial intelligence boom is spilling over into the industrial fiber market, driving demand for para-aramid, a so-called super fiber essentia...

SK, AWS to build South Korea’s largest, multibillion-dollar AI data center

SK, AWS to build South Korea’s largest, multibillion-dollar AI data center

South Korea’s second-largest conglomerate SK and Amazon Web Services Inc. (AWS), the world's largest cloud platform provider, will build a 103...

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...

LG Energy, Samsung SDI to build 1st US LFP battery plants with GM

LG Energy, Samsung SDI to build 1st US LFP battery plants with GM

In a pivotal shift for the North American electric vehicle battery landscape, South Korea’s two leading battery makers – LG Energy Solut...

Hanwha Philly Shipyard to localize LNG builds, expand capacity

Hanwha Philly Shipyard to localize LNG builds, expand capacity

Hanwha Group will significantly increase production capacity at its US shipyard from 1.5 vessels to 10 per year as it aims to transform the facility...

Samsung SDI to raise $1.4 bn in rights offering for facility expansion

Samsung SDI to raise $1.4 bn in rights offering for facility expansion

Samsung SDI Co. will issue new shares worth 2 trillion won ($1.4 billion), its first rights offering in two decades, to fund bold facility and R&...

Hyundai Motor to build fuel cell plant in South Korea

Hyundai Motor to build fuel cell plant in South Korea

Hyundai Motor Co. will build a local fuel cell plant in South Korea, accelerating its bid to create an entire hydrogen fuel cell value chain in line...

Chong Kun Dang to build new plant for foray into biologics market

Chong Kun Dang to build new plant for foray into biologics market

Chong Kun Dang Pharmaceutical Corp. is discussing building a research center and a plant in Siheung, about 30 kilometers southwest of Seoul, with th...

AI data center with up to 3 gigawatts of power envisioned for South Korea

AI data center with up to 3 gigawatts of power envisioned for South Korea

An investor group is planning one of the world’s largest data centers for artificial intelligence in South Korea, a sign of red-hot AI de...

SK Hynix to receives $958 mn subsidy from US

SK Hynix to receives $958 mn subsidy from US

SK Hynix Inc. secured a combined subsidy of $458 million in grants and $500 million in loans, a total of $958 million from the US Department of Comm...

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...

POSCO Int'l starts commissioning of Senex Energy gas facility

POSCO Int'l starts commissioning of Senex Energy gas facility

South Korea's POSCO International Corp. said on Monday it has begun commissioning its first gas processing facility at Senex Energy’s Atlas ...

CJ CheilJedang to invest $584 mn to build food factories in Europe, US

CJ CheilJedang to invest $584 mn to build food factories in Europe, US

CJ CheilJedang Corp., South Korea’s largest food company, will spend a total of $584 million to build new food-manufacturing factories in Euro...

Korea mulls raising US oil imports to cope with Trump trade policies

Korea mulls raising US oil imports to cope with Trump trade policies

South Korea, the world’s fourth-largest oil importer, is considering increasing US oil imports to ease potential pressure from President-elect...

CJ Logistics opens cold-chain logistics center in Georgia

CJ Logistics opens cold-chain logistics center in Georgia

South Korea's CJ Logistics said on Thursday that it completed the construction of a large-scale cold-chain logistics center in the US and has begu...

HJ S&C wins $200 mn Philippines new port construction project order

HJ S&C wins $200 mn Philippines new port construction project order

HJ Shipbuilding & Construction Co. (HJ S&C) said on Thursday its construction division secured a 280 billion won ($200 million) contract to ...

Cosmax China to build new headquarters in Shanghai

Cosmax China to build new headquarters in Shanghai

Cosmax Inc., South Korea's cosmetics original development and design manufacturer (ODM), will build a new headquarters in Shanghai's Xinzhuang Indus...

SK Pharmteco to invest $260 mn in new peptide factory in S. Korea

SK Pharmteco to invest $260 mn in new peptide factory in S. Korea

SK Pharmteco, the contract development and manufacturing organization (CDMO) of South Korea's SK Inc., said on Tuesday that it plans to invest $260 ...

Doosan completes high-end copper foil plant in Gimje, Korea

Doosan completes high-end copper foil plant in Gimje, Korea

South Korea's Doosan Corp. completed the construction of a high-end copper foil plant to produce materials widely used in automotive electronic comp...

Korea's SK Energy to start commercial operations of SAF production line

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...

LG Energy Solution's AVEL opens ESS power plant in Jeju

LG Energy Solution's AVEL opens ESS power plant in Jeju

South Korea's LG Energy Solution Ltd. said on Friday that its company in company (CIC) AVEL has launched South Korea’s first distribution grid...

Seoul breaks ground on Mt. Namsan gondola facility

Seoul breaks ground on Mt. Namsan gondola facility

The Seoul Metropolitan Government on Thursday held a groundbreaking ceremony for gondola facilities that will shuttle passengers from the base of Mt...

SGC E&C wins $366 mn chemical plant project in Saudi Arabia

SGC E&C wins $366 mn chemical plant project in Saudi Arabia

SGC Engineering & Construction (E&C), a company specializing in engineering, procurement and construction (EPC), said on Wednesday that it s...

Orion seeks M&As, facility expansion with dividends from China, Vietnam

Orion seeks M&As, facility expansion with dividends from China, Vietnam

Orion Holdings Corp., a leading South Korean confectionery and snack maker, has been active in overseas markets for decades, particularly in China a...

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...

CJ Olive Young establishes new logistics center

 CJ Olive Young establishes new logistics center

South Korean beauty store chain CJ Olive Young said on Thursday that it has established the Olive Young Anseong Logistics Center in Anseong-si, Gyeo...

SK Gas delays $1 bn combined cycle power plant operation

SK Gas delays $1 bn combined cycle power plant operation

SK Gas Ltd., South Korea’s No. 1 liquefied petroleum gas (LPG) distributor, has postponed the commercial operation of its combined cycle power...

LS Cable breaks ground for bus ducts plant in Mexico

LS Cable breaks ground for bus ducts plant in Mexico

South Korea's LS Cable & System Ltd. broke ground for two factories in Mexico on August 2: one for bus ducts, or a large-scale power distributio...

Korea's warehouses suffer oversupply, rising vacancies

Korea's warehouses suffer oversupply, rising vacancies

Logistics centers in Seoul suburbs are suffering oversupply and rising vacancy rates, according to a report from South Korean commercial real estate...

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