S.Korea to overhaul retirement pension system, introduce competition for higher returns

S.Korea to overhaul retirement pension system, introduce competition for higher returns

South Korea is planning a sweeping overhaul of its corporate retirement pension system by introducing a competitive, fund-based model that would pit...

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...

POSCO inducted into World Steel Dynamics’ Hall of Fame

POSCO inducted into World Steel Dynamics’ Hall of Fame

South Korea’s POSCO Group has been permanently inducted into the Hall of Fame by the World Steel Dynamics (WSD), a US steel industry research ...

Lee vows policy overhaul to spur dividend payouts

Lee vows policy overhaul to spur dividend payouts

South Korean President Lee Jae-myung said on Wednesday that the government is preparing tax and regulatory reforms to spur dividend payouts as part ...

Samsung Biologics to spin off biosimilar unit Samsung Bioepis

Samsung Biologics to spin off biosimilar unit Samsung Bioepis

Samsung Biologics Co., the world’s largest contract drugmaker, will undergo a strategic split to separate its contract development and manufac...

NPS gears up for investment overhaul with boost in risk assets

NPS gears up for investment overhaul with boost in risk assets

South Korea’s National Pension Service (NPS), the country’s largest institutional investor, is set to overhaul its investment strategy w...

Daol PE buys Youngil Glass to ride Korean cosmetics boom

Daol PE buys Youngil Glass to ride Korean cosmetics boom

Daol Private Equity has acquired Youngil Glass Industry Co., a South Korean manufacturer of glass containers, in a 65 billion won ($44.5 million) de...

Samsung in 'do or die' situation'; Lee sounds crisis alarm

Samsung in 'do or die' situation'; Lee sounds crisis alarm

Samsung Electronics Co. Chairman Lee Jae-yong has warned the company's executives that the South Korean tech giant has lost its characteristic "rele...

Korea’s Hanwha Ocean sends USNS Wally Schirra back to theater after MRO

Korea’s Hanwha Ocean sends USNS Wally Schirra back to theater after MRO

A 210-meter, 40,000-ton US Navy vessel, heavily corroded and weathered from years of service, was pulled into Hanwha Ocean Co.'s shipyard in Ge...

S.Korea’s pension fund NPS to overhaul alternative investment strategy

S.Korea’s pension fund NPS to overhaul alternative investment strategy

The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, plans to intr...

Samsung’s system chip, foundry business under close scrutiny for overhaul

Samsung’s system chip, foundry business under close scrutiny for overhaul

Samsung Electronics Co., the world’s largest memory chipmaker, has put its system chip and foundry businesses under tight scrutiny for a possi...

S.Korea’s factory output dips in January; Retail sales, investment slow

S.Korea’s factory output dips in January; Retail sales, investment slow

South Korea’s factory production decreased in the first month of this year due to a manufacturing slowdown, while private consumption and busi...

Hanmi Semiconductor to build new TC Bonder plant in Incheon

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...

KL & Partners buys cosmetics brand Manyo Factory for $130 mn

KL & Partners buys cosmetics brand Manyo Factory for $130 mn

KL & Partners, a South Korean private equity firm, has agreed to buy Kosdaq-listed cosmetics company Manyo Factory Co., which has been building ...

SK promotes restructuring keymen to SK On, SK Discovery top posts

SK promotes restructuring keymen to SK On, SK Discovery top posts

SK Group on Thursday promoted the keymen of its business overhauls to top posts at intermediary holding company SK Discovery Co. and battery maker S...

POSCO to buy Korean robotics firm stake for steel business

POSCO to buy Korean robotics firm stake for steel business

South Korea’s steel-to-battery materials conglomerate POSCO Group will invest in the leading domestic robotics company to boost its ailing ste...

Apple supplier LG Innotek to invest $268.4 mn in Vietnam in 2025

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...

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...

CJ OliveNetworks to build HiteJinro smart factory in Vietnam

CJ OliveNetworks to build HiteJinro smart factory in Vietnam

South Korea's CJ OliveNetworks said on Thursday it secured a contract to build a smart factory of the nation's leading soju maker HiteJinro Co. in V...

Hyundai Mobis to invest $257 mn in EV parts plants in Slovakia

Hyundai Mobis to invest $257 mn in EV parts plants in Slovakia

Hyundai Mobis Co., the world’s fifth-largest auto parts maker, agreed to invest some 350 billion won ($256.9 million) in building electric veh...

Paris Baguette opens 600th overseas store in Canada for global expansion

Paris Baguette opens 600th overseas store in Canada for global expansion

Paris Baguette opened its 600th overseas store in Toronto, Ontario, as the leading South Korean bakery brand is rapidly expanding its global busines...

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 ...

Taihan Cable completes 1st optical cable plant in Kuwait

Taihan Cable completes 1st optical cable plant in Kuwait

Taihan Cable & Solution Co. said on Tuesday it has completed the first fiber optic cable factory in Kuwait, in a joint project with Rank General...

EcoPro, China’s GEM to build cathode complex in Indonesia

EcoPro, China’s GEM to build cathode complex in Indonesia

South Korea’s leading electric vehicle cell materials producer EcoPro Group joined hands with the world’s second-largest precursor manuf...

Samyang to cement lead in South Korean allulose market

Samyang to cement lead in South Korean allulose market

Samyang Corp., a 100-year-old South Korean chemical and food ingredient-manufacturer, is poised to cement its leadership in the Korean allulose mark...

HD Hyundai Electric to build 3rd circuit breaker factory

HD Hyundai Electric to build 3rd circuit breaker factory

HD Hyundai Electric Co., a South Korean electric power distribution equipment manufacturer, will spend 120 billion won ($89 million) to build its th...

Nongshim to build export-only ramen factory in Korea

Nongshim to build export-only ramen factory in Korea

South Korea’s instant noodle giant Nongshim Co. will build a local plant dedicated to producing ramen — or ramyun, as the company spells...

Samsung SDI, GM to build $3.5 bn EV battery plant in US

Samsung SDI, GM to build $3.5 bn EV battery plant in US

Samsung SDI Co., the world’s No. 6 battery maker, and General Motors Co., the leading US automaker, are set to build a $3.5 billion cell plant...

Hanwha completes Australia plant for howitzers, armored vehicles

Hanwha completes Australia plant for howitzers, armored vehicles

South Korea’s Hanwha Aerospace Co. has completed building its first overseas plant — producing howitzers and ammunition carriers in Aust...

STIC to buy Korean flooring firm Nox from TPG for $336 mn

STIC to buy Korean flooring firm Nox from TPG for $336 mn

Seoul-based private equity firm STIC Investments has agreed to acquire global leading luxury vinyl tile (LVT) flooring firm Nox Corp. at 450 billion...

President Lee meets Hyundai, LG chiefs, promotes ‘one team’ approach Hanwan Ocean wins $1.4 bn order to build 7 LNG dual-fuel ships K-content reign continues as Squid Game returns in force South Korea’s EV exports rebound in June after 16-month decline Yes, it’s K-beauty: Strong buying appetite for makeup brands even before they're up for sale