South Korea’s Lee completes cabinet lineup with IT executive, lawmaker
South Korean President Lee Jae Myung has tapped an information technology firm executive as culture minister and a ruling party lawmaker as land min...
India’s love for K-ice cream spurs Lotte to boost expansion
South Korean confectionery giant Lotte Wellfood Co. is targeting 15% sales growth in India this year, following the completion of a merger betw...
Samsung on hiring spree to bolster US foundry sales
Samsung Electronics Co. is on a hiring spree for senior sales managers in its foundry business, offering generous compensation packages, as it goes ...
K-pop pilgrimage boosts Seoul ahead of BTS comeback
With the days numbered until all seven BTS members reunite as a group, a K-pop pilgrimage is revitalizing Seoul’s cultural and tourism sectors...
Seoul agrees to reduce Jakarta’s KF-21 cost share by two thirds
South Korea has finally agreed to reduce Indonesia’s contribution to their joint KF-21 fighter jet development project by two thirds to 600 bi...
POSCO Future M breaks with China in cathode supply chain
GWANGYANG, SOUTH JEOLLA – POSCO Future M Co., South Korea’s leading battery materials maker, has secured itself a China-free cathode mat...
HYBE Bang under financial watchdog’s scrutiny for alleged unfair trading
Bang Si-hyuk, founder and chairman of HYBE Co., the South Korean entertainment giant behind K-pop global sensation BTS, could face investigation by ...
LS Cable breaks ground on $681 mn underwater cable plant in Chesapeake
WASHINGTON, D.C. – LS Cable & System Ltd., South Korea’s leading wire and cable manufacturer, has broken ground on its first underwa...
SK Hynix makes strides in CXL technology, escalating rivalry
SK Hynix Inc., the leading global high-bandwidth memory (HBM) chip provider, has moved faster than its rivals in the commercialization of the next-g...
Hyundai premieres all-new NEXO, reinforcing hydrogen power
Hyundai Motor Co. on Thursday unveiled the all-new NEXO, the first full-change model of the fuel cell electric vehicle (FCEV) since its launch in 20...
MBK's fight for Korea Zinc control drags on after court ruling
The battle for control of Korea Zinc Inc. between an MBK Partners-led alliance and the zinc smelter’s Chairman Choi Yun-birm is evolving into ...
HMM seeks to acquire parts of SK Shipping for $1.4 bn from Hahn & Co.
HMM Co., South Korea’s largest ocean carrier, is seeking to buy SK Shipping Co., excluding its liquefied natural gas (LNG) transportation busi...
MBK Partners, 2 Chinese firms vie for CJ Cheiljedang’s $4 bn bio business
North Asia-focused private equity firm MBK Partners and two leading Chinese biotechnology firms are vying for management control of CJ Cheiljedang C...
Korean bakery giant SPC to build $160 mn US plant as tariff war escalates
SPC Group, the operator of South Korea’s largest bakery chain Paris Baguette as well as Paris Croissant, SPL, Dunkin and SPC GFS, is building ...
SK On to complete merger with SK Enterm on Feb. 1
Electric vehicle battery maker SK On Co. said on Friday it is set to complete a merger with crude oil storage tank operator SK Enterm Co. on Feb. 1 ...
Lotte Biologics eyes first ADC CDMO order in 2025
SAN FRANCISCO -- Lotte Biologics Co., the drug consignment development and production unit of South Korean conglomerate Lotte Group, will seek to wi...
K Bank drops 2025 IPO in 3rd Kospi listing cancellation
K Bank, a South Korean online lender, said on Wednesday it has again canceled its initial public offering plan amid the languid stock market an...
Hyundai mulls building 1st overseas steel mill in Louisiana
WASHINGTON, D.C. – Hyundai Motor Group is considering building its first overseas steel mill in New Orleans, Louisiana, according to industry ...
Hanmi Semiconductor to build new TC Bonder plant in Incheon
Hanmi Semiconductor Co., South Korea’s leading chip packaging equipment manufacturer, held a ground-breaking ceremony for its seventh plant of...
JLK gets OK from FDA for ICH diagnosis solution
South Korea’s JLK Inc., an AI-based diagnosis solution and platform maker, said on Monday it got 501K approval from the US Food and Drug Admin...
Hanwha completes acquisition $100 mn Philly Shipyard
South Korean chemicals-to-defense conglomerate Hanwha Group completed the acquisition of Philly Shipyard on Friday.The size of the deal was $100 mil...
POSCO Pilbara completes Gwangyang lithium hydroxide plant
South Korea's POSCO Pilbara Lithium Solution Co., a subsidiary of POSCO Group, said on Friday the completion of its second rock-based lithium hydrox...
Hyundai Motor to invest $479 million in Malaysia
Hyundai Motor Co. said on Tuesday that it plans to invest $479 million in Malaysia over five years, starting in 2025.The South Korean automaker stat...
Apple supplier LG Innotek to invest $268.4 mn in Vietnam in 2025
South Korea’s LG Innotek Co., a major contractor for Apple Inc., said on Thursday it plans to spend 375.9 billion won ($268.4 million) next ye...
KEPCO wins Saudi Arabia's two gas power plant projects
Korea Electric Power Corp. (KEPCO) announced on Thursday that it was selected as the final successful bidder to build and operate two 1.9GW combined...
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 ...
Huonslab strengthens HyDIFFUZE IP with completion of US, EU examination request under PCT application
South Korea’s Huonslab Co., a subsidiary of Huons Global Co. and a global leader in recombinant human hyaluronidase-based biologics Sub-Q deli...
HYBE Q3 profit down; foresees better 2025 after BTS’ military discharges
HYBE Co., the K-pop behemoth behind BTS, suffered a double-digit profit fall in the third quarter amid an ongoing feud with Min Hee-jin, the creativ...
Hyundai Motor completes mobile hydrogen charging station in Jeju
Hyundai Motor Co. said on Monday that it completed the H Jeju Moving Station, a mobile hydrogen charging facility, at the Carbon-Free Island (CFI) E...
Hyundai to launch Euro 7-compliant car in Europe next year
Hyundai Motor Co., South Korea’s top automaker, is set to introduce a tougher emissions standards-compliant model in Europe next year ahead of...
