South Korean airlines bank on China routes for profit recovery
South Korean airlines are ramping up international routes, particularly to China, Japan and Southeast Asian countries, in a bid to boost profitabili...
Blackstone in talks to acquire Korea’s top salon chain Juno Hair in $590 mn deal
US private equity firm Blackstone Inc. is pursuing the acquisition of Juno Hair, South Korea’s largest premium hair salon chain, in a deal tha...
Ramen, ready-to-eat meals lead 10% rise in 2024 K-food exports
South Korea’s food exports climbed 10% on-year to $7.26 billion in 2024, led by ramen, ready-to-eat meals and seasoned seaweed, according to g...
China bans export of Korean goods containing its rare earth metals to US
The Chinese government has warned South Korean companies of retributions for exporting any product containing its critical metals to US military con...
LX International seeks to acquire nickel, copper mines in Indonesia
LX International Corp., the trading unit of South Korea’s LX Group, said on Friday it is seeking to acquire a nickel mine and a copper mine in...
Korea Zinc to export antimony to US
South Korea’s largest zinc smelter, Korea Zinc Inc., plans to export antimony to the US. This rare metal is a flame retardant for batteries ...
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...
Daewoo E&C wins Turkmen mineral fertilizer plant project
South Korea's Daewoo Engineering & Construction Co. (Daewoo E&C) said on Monday that it was selected as the winning bidder for a Mineral Fer...
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...
A North Korean Diplomat Managed a Rare Defection: A Flight Out of Cuba
SEOUL—A North Korean diplomat posted in Cuba defected to South Korea with his family late last year, officials said this week, a rare esc...
Korea Eximbank to provide $150 mn PF to Australia
The Export-Import Bank of Korea (Eximbank) announced on Tuesday that it will provide $150 million in project financing (PF) for developing a rare ea...
LX Pantos to enter Indonesian resource logistics market
South Korea's LX Pantos said on Thursday that it signed a joint venture (JV) agreement with KSA, Indonesia's largest bulk carrier, to tap into the S...
Hyundai Motor, Kia to develop alternative to rare earth materials
Hyundai Motor Co. and Kia Corp. have partnered with South Korea's universities to secure materials for vehicle electrification components.Hyundai Mo...
SoftBank to buy part of Naver's Line stake by July: CEO Miyakawa
TOKYO – SoftBank Corp., which runs LY Corp., the operator of the popular mobile messenger app Line in Japan, said on Thursday it is in talks w...
POSCO Future M publishes responsible minerals report
South Korea's POSCO Future M Co. announced on Tuesday that it released a responsible minerals report detailing establishing a sustainable supply cha...
Biden exempts graphite from EV mineral sourcing rule in win for Korea
WASHINGTON, D.C. – The US government has given automakers additional flexibility on battery mineral requirements, allowing electric vehicles w...
Korea’s Orion to ship bottled water to China to challenge Evian
Orion Holdings Corp., the holding company of South Korea’s confectionary and snack maker Orion Corp., is set to export bottled water to China,...
Samsung begins new drug development for rare diseases
Samsung Bioepis Co., a biosimilar development unit of South Korea’s top conglomerate Samsung Group, has begun its new drug development busines...
Korean mining company to file around $747 mn claim against Panama
A state-run company in South Korea is set to seek an investor-state dispute settlement (ISDS) worth around 1 trillion won ($747.1 million) against t...
Hyundai, LG ask US to ease EV tax benefit requirements
South Korean electric vehicle and battery makers including Hyundai Motor Group and LG Energy Solution Ltd. have asked the US to ease requirements fo...
Korea's LX International buys Indonesian nickel miner for $100 mn
South Korean trading firm LX International Corp. said on Tuesday that it has acquired a 60% stake in Indonesian miner PT Adhi Kartiko Pratama (AKP)&...
EcoPro establishes Global Resources Office for securing core minerals
South Korean battery materials manufacturer EcoPro Co. announced on Tuesday that it has established a "Global Resources Office" to expedite the acqu...
POSCO to foster rare gas business with Zhongtai Cryogenic
POSCO Holdings Inc. will build a highly purified rare gas-producing joint venture in South Korea with Zhongtai Cryogenic Technology Corp. from China...
Korea, Chile launch 8th round of FTA upgrade negotiations
The eighth round of negotiations for modernizing the Korea-Chile Free Trade Agreement (FTA) will take place in Seoul from November 29 to December 1....
LX International to buy Indonesia's PT AKP for nickel mining
LX International Corp., the trading unit of South Korea’s LX Group, said on Tuesday it is slated to acquire a 60% stake in Indonesian miner PT...
POSCO to lead Korea-Australia hydrogen, minerals partnership
POSCO Group, South Korea’s largest steelmaker, will lead the country's efforts to cement a partnership with Australia in a broader range of ar...
S.Korea's Eximbank, Australia's EFA sign MOU on mineral supply chains
The Export-Import Bank of Korea (Eximbank) on Thursday in Seoul signed a memorandum of understanding with Export Finance Australia (EFA) on cooperat...
Handok to import treatment for rare autoimmune disorder
South Korean pharmaceutical company Handok Inc. on Wednesday said it signed a deal with Dutch immunology specialist Argenx to sell the latter's Vyvg...
S.Korea to develop ultra-low-power AI chips by 2030
South Korea will develop artificial intelligence (AI) chips by 2030 able to perform more than 10 trillion operations per second, while consuming ver...
Falling mineral prices to hit Korean battery materials makers
South Korean battery materials makers are likely to report worsened profitability in the third quarter of this year as prices of lithium hydroxide a...
