PE firms seek to buy Korean explosives maker for $218 mn

A private equity consortium seeks to buy a 100% stake in Koryo Nobel Explosives Co., South Korea’s No. 2 industrial explosives manufacturer, f...

SK Hynix, Samsung set to benefit from explosive HBM sales growth

Sales of high-bandwidth memory (HBM), the red-hot DRAM product essential to artificial intelligence devices, will significantly grow in the coming y...

Generative AI startup Wrtn attracts nearly $12 mn in investment

South Korea's advanced tech startup Wrtn Technologies, a major player in generative artificial intelligence (AI), has attracted investment of 15 bil...

Hanwha, DL Chemical to split up two-decade-old YNCC joint venture

Yeochun NCC Co., a leading South Korean petrochemical producer, will split up after its two owners – Hanwha Group and DL Group – have ag...

Korea’s YNCC shuts petrochem plant after explosion kills four

YEOSU, South Jeolla Province -- Yeochun NCC (YNCC) Co., South Korea’s major petrochemical producer, shut down one of its plants on Friday afte...

IMF warns against South Korea's debt explosion

South Korea needs to closely monitor government spending to avoid a future debt explosion given its rapidly aging population, according to a senior ...