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...

LG Energy, GM’s JV Ultium Cells to retrofit Tennessee plant to produce LFP batteries

Ultium Cells LLC, a battery joint venture between South Korea’s LG Energy Solution Ltd. and General Motors Co., will upgrade its battery cell ...

Samsung supplies newest nanoprism image sensors to Xiaomi to crack Sony’s lead

Samsung Electronics Co. is supplying a new high-performance image sensor featuring nanoprism technology to China’s Xiaomi, as the South Korean...

Samsung to unveil 1st triple-folding smartphone by year’s end to rival Huawei’s Mate X2 Tri-Fold

NEW YORK – Samsung Electronics Co. plans to release its first triple-folding smartphone by the end of this year to fend off growing competitio...

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...

LG Group executives to meet with Honda CEO to explore partnership

LG Group is accelerating its efforts to build a partnership with Honda Motor Co. as South Korea's fourth-largest conglomerate beefs up its automotiv...

S.Korea corporate law reform gains bipartisan support

South Korea's ruling Democratic Party’s proposal to strengthen protections for minority investors and enhance board independence has secured t...

Hanwha acquires Indonesian bank, first foreign banking venture by Korean insurer

Hanwha Life Insurance Co. has become the first South Korean insurance firm to advance into the overseas banking sector by securing a controlling sta...

HYBE to bring K-pop idol playbook to India, tapping local talent

India, a country of 1.4 billion people, will be HYBE Co.'s next stop to test its K-pop model by discovering and nurturing local talent under its Cha...

Hanwha Systems to compete with LIG Nex1 for Korean version of Iron Dome

Hanwha Systems Co. is preparing to muscle into a strategic stronghold of South Korea’s missile defense industry, challenging long-time rival L...

LS Electric poised to join Nvidia's supply chain via Vertiv deal

LS Electric Co., a South Korean industrial system supplier, is poised to deliver a large volume of power control equipment, including switchgears an...

Lockheed Martin, KAI to expand partnership to future defense, aerospace tech

Global defense giant Lockheed Martin Corp. and Korea Aerospace Industries Ltd. (KAI) on Tuesday agreed to expand their collaboration into futur...

Tencent eyes 2nd-largest stake in Kakao Mobility amid broader Korea push

Chinese tech giant Tencent Holdings Ltd. has emerged as a surprise contender in a race to acquire a roughly 40% stake in Kakao Mobility Corp., the o...

Samsung to thrash out strategy amid Trump, Middle East crisis

Samsung Electronics Co., South Korea’s most valuable company, is convening its most senior executives this week to plot its path back to the t...

Now, it’s K-vehicle: KG Mobility, Kia lead S.Korea’s military vehicle exports

South Korea’s once domestically focused automakers are making significant inroads into the global defense sector, with a string of recent cont...

Kakao Mobility to build smart infrastructure for Saudi Diriyah project

Kakao Mobility Corp., which runs South Korea’s most popular ride-hailing app, Kakao T, has clinched a deal to build a future mobility infrastr...

Elliott loses appeal over $19 mn claim against Samsung C&T

A South Korean appellate court has rejected Elliott Investment Management Corp.’s claim for 26.7 billion won ($19.3 million) in interest for a...

Hanwha's 'Sea Ghost' makes waves as Greece eyes unmanned naval tech

GEOJE, South Korea – Under a slate-grey sky at the quiet port of Jangmok on South Korea’s southern coast, a sleek, 12-meter vessel slipp...

RedotPay lands in Seoul with crypto cards

RedotPay, a Hong Kong-based blockchain fintech company, has arrived in South Korea with its cryptocurrency-based payment cards and is poised to disr...

Mubadala, Goldman Sachs to invest $700 mn in Kakao Mobility

United Arab Emirates’ sovereign wealth fund Mubadala Investment Co. and Goldman Sachs are set to invest a combined $700 million in Kakao Mobil...

Harman acquires Masimo’s audio arm in Samsung’s car audio push

Harman International Industries Inc., wholly owned by Samsung Electronics Co., has acquired Masimo Corp.’s audio business for $350 million, a ...

US tariffs add risk premium to dollar assets: Maurice Obstfeld

WASHINGTON, D.C. – The US tariff increases are adding risk premiums to dollar-denominated assets, undermining the dollar’s role as a glo...

Kakao shares sink on SK Telecom’s stake sell-off news

Kakao Corp. shares underperformed its peers and the broad market on Friday after SK Telecom Co. sold off its entire stake in the South Korean platfo...

Shinhan to lead financing for battery storage project in Japan

Shinhan Financial Group will lead 4.9 billion yen ($35 million) in financing for a large-scale battery energy storage system (BESS) construction pro...

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...

Samsung fends off Apple to reclaim global smartphone crown in Q1

Samsung Electronics Co. has regained its position as the world’s top smartphone vendor in the first quarter, outpacing Apple Inc. despite the ...

LG CNS breaks into US smart city market

LG CNS Co., the information technology service unit of South Korea’s LG Group, has won its first public-sector smart city contracts in the US,...

Hanwha Aerospace signs $254 million deal to supply K9 howitzers to India

Hanwha Aerospace Co., a leading South Korean defense company, said on Thursday it has signed a 370 billion won ($254 million) deal to supply K9 self...

Korea’s KG Mobility teams up with Chery to develop mid to large SUVs

KG Mobility Corp., a South Korean automaker specializing in sport utility vehicles, said on Wednesday it joined hands with China’s fourth-larg...

DB GlobalChip forays into mobile phone OLED driver chip market

DB GlobalChip Co., the chip design subsidiary of South Korea’s chip foundry company DB HiTek Co., has begun mass-producing organic light-emitt...