Hanwha seeks to buy Paraspara Seoul from developer tied to Banyan Tree Busan fire

Hanwha seeks to buy Paraspara Seoul from developer tied to Banyan Tree Busan fire

Hanwha Hotels & Resorts Co. is in talks to acquire Paraspara Seoul, a five-star hotel and resort, up for sale by a property developer facing lia...

POSCO sets sights on lithium production in US

POSCO sets sights on lithium production in US

POSCO Holdings Inc. has teamed up with Australia’s Anson Resources Ltd. to build a direct lithium extraction (DLE) demonstration plant in the ...

LG Energy Solution, Toyota Tsusho launch battery recycling JV in US

LG Energy Solution, Toyota Tsusho launch battery recycling JV in US

LG Energy Solution Ltd. has set up a battery recycling joint venture with Toyota Tsusho Corp. in the US, deepening the South Korean battery giant&rs...

NPS boosts allocation to direct lending, secondaries

NPS boosts allocation to direct lending, secondaries

The National Pension Service (NPS), the world’s third-largest pension fund, has been further diversifying its portfolio through increased expo...

Samsung SDI, Hanwha Ocean to usher in battery-driven submarine era

Samsung SDI, Hanwha Ocean to usher in battery-driven submarine era

Hanwha Ocean Co. and Samsung SDI Co. will start evaluating their jointly developed lithium-ion battery system for a submarine with South Korea&rsquo...

S.Korea's Han, Trump discuss transactional diplomacy in 1st direct talks

S.Korea's Han, Trump discuss transactional diplomacy in 1st direct talks

South Korea’s Acting President and Prime Minister Han Duck-soo spoke with US President Donald Trump on Tuesday to discuss various issues of mu...

Celltrion’s Vegzelma: Most-prescribed cancer treatment in Europe

Celltrion’s Vegzelma: Most-prescribed cancer treatment in Europe

South Korea’s leading biosimilar drug developer Celltrion Inc.'s Vegzelma, a cancer drug referencing global biopharma Roche’s Avastin, h...

Korea’s beauty retailer CJ Olive Young to open first US offline outlet

Korea’s beauty retailer CJ Olive Young to open first US offline outlet

CJ Olive Young Corp., South Korea’s top beauty store chain, said on Tuesday it has set up a US business entity in Los Angeles to enhance its p...

South Korean oil refiners to jointly build SAF plant

South Korean oil refiners to jointly build SAF plant

South Korea’s four major oil refining companies will jointly build a sustainable aviation fuel (SAF) plant in the country, for which the gover...

SK Ecoplant, BMW team up for battery recycling

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...

Foreign direct investments in Korea hit record $34.57 billion in 2024

Foreign direct investments in Korea hit record $34.57 billion in 2024

Foreign direct investments in South Korea hit a record high in 2024, driven by Chinese and Japanese investors in the manufacturing sector, the Minis...

POSCO, Hancock seek to jointly build lithium plant

POSCO, Hancock seek to jointly build lithium plant

POSCO Holdings Inc. on Tuesday signed a memorandum of understanding with Hancock Prospecting, an Australian mining company, to build a plant to annu...

Samsung C&T, Hitachi Energy to team up for HVDC projects

Samsung C&T, Hitachi Energy to team up for HVDC projects

South Korea's Samsung C&T Corp. said Monday it signed a memorandum of understanding (MOU) with Sweden's Hitachi Energy to cooperate for high-vol...

POSCO Pilbara completes Gwangyang lithium hydroxide plant

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...

KB Asset parts ways with Dragon Capital in Vietnam

KB Asset parts ways with Dragon Capital in Vietnam

South Korea's KB Asset Management Co. ended its delegated management agreement for public funds with Vietnam's largest asset management company, Dra...

LG Chem signs deal to secure 100,000 tons of lithium from ExxonMobil

LG Chem signs deal to secure 100,000 tons of lithium from ExxonMobil

South Korea’s top chemicals maker LG Chem Ltd. said on Thursday it has signed an initial agreement to secure a key battery material from US mu...

Samsung Electronics to buy back $7.2 bn in shares

 Samsung Electronics to buy back $7.2 bn in shares

Samsung Electronics Co. will buy back 10 trillion won ($7.2 billion) in shares over the next year to prop up its share price, which has plunged more...

Celltrion acquires Swiss pharmaceutical distributor iQone

Celltrion acquires Swiss pharmaceutical distributor iQone

South Korea's Celltrion Inc. said on Friday that it completed its acquisition of iQone Healthcare Switzerland, a Swiss pharmaceutical distributor, t...

POSCO completes lithium hydroxide plant in Argentina

POSCO completes lithium hydroxide plant in Argentina

POSCO Holdings Inc. said on Sunday it completed a lithium hydroxide plant in Argentina, boosting its capacity to produce electric vehicle (EV) batte...

South Korean VCs in search of better returns abroad

South Korean VCs in search of better returns abroad

South Korean venture capitalists’ appetite for foreign entrepreneurs shows no sign of waning as they continue to look for better returns overs...

SK Enmove, SQM ink supply deal for refrigerant material iodine

SK Enmove, SQM ink supply deal for refrigerant material iodine

SK Enmove Co. a lubricant-producing arm of SK Innovation Co., said on Thursday that it has signed a preliminary agreement to buy iodine from Socieda...

SK E&S creates value chain from FPSO, gas field project to carbon capture

SK E&S creates value chain from FPSO, gas field project to carbon capture

SINGAPORE – At Seatrium Admiralty Yard on Jurong Island, southwest of Singapore, some 2,000 workers are busy welding gas pipes and doing other...

S.Korea's NPS opens fourth overseas office in Silicon Valley

S.Korea's NPS opens fourth overseas office in Silicon Valley

South Korea's National Pension Service (NPS), the world's third-largest pension fund, opened an office in Silicon Valley, San Francisco, on Septembe...

Asan Nanum Foundation revamps fund management

Asan Nanum Foundation revamps fund management

The Asan Nanum Foundation, a nonprofit foundation set up in 2011 to commemorate the 10th anniversary of Hyundai founder Chung Ju-yung’s death,...

Samsung, LG go in different directions for all solid batteries

Samsung, LG go in different directions for all solid batteries

South Korean household names Samsung and LG are in a new race to win the market for solid-state batteries, next-generation batteries promising enhan...

Kyobo Lifeplanet, FWD Hong Kong to collaborate on GenAI

Kyobo Lifeplanet, FWD Hong Kong to collaborate on GenAI

South Korea's Kyobo Lifeplanet Life Insurance Co. announced on Friday that it signed a memorandum of understanding with Hong Kong-based insurer FWD ...

Hyundai Motor Group, Oxford Univ. establish Foresight Center

Hyundai Motor Group, Oxford Univ. establish Foresight Center

Hyundai Motor Group announced on Tuesday that it partnered with the University of Oxford and established the Oxford-Hyundai Motor Group Foresight Ce...

Young rich Koreans: Financially literate, self-directing

Young rich Koreans: Financially literate, self-directing

Young South Korean millionaires want to take more control of their investments and bet on sectors they know, not relying passively on private banker...

NPS to cut global stocks under GP management, up its direct control

NPS to cut global stocks under GP management, up its direct control

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is set to slash its overseas stocks under global i...

SK On signs MOU to secure US-sourced lithium from ExxonMobil

SK On signs MOU to secure US-sourced lithium from ExxonMobil

SK On Co. has inked an MOU with ExxonMobil Corp. to buy lithium extracted by the US oil giant from a salt well in the US state of Arkansas. The deal...

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