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

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 ...

Korean waste management firm Koentec put on market for $730 mn

Korean waste management firm Koentec put on market for $730 mn

Korea Environment Technology Co. (Koentec) is up for sale in a deal that could fetch up to 1 trillion won ($730.4 million) with global private equit...

Affirma Capital to acquire Equis’ Korean waste assets for $294 million

Affirma Capital to acquire Equis’ Korean waste assets for $294 million

Affirma Capital, a Singapore-headquartered buyout private equity firm, has agreed to acquire the entire portfolio of South Korean waste processing a...

IGIS taps Samjong KPMG, Cushman & Wakefiel, NAI for sale of AP Tower

IGIS taps Samjong KPMG, Cushman & Wakefiel, NAI for sale of AP Tower

IGIS Asset Management Co., a leading South Korean real estate investment firm, has chosen a consortium of Samjong KPMG Accounting Corp., Cushman &am...

Korean court cancels Yoon’s detention; Insurrection case continues

Korean court cancels Yoon’s detention; Insurrection case continues

A South Korean court on Friday cancelled impeached President Yoon Suk Yeol’s detention warrant, ordering him to be released from jail, althoug...

Affinity Equity set to close $1.1 bn purchase of Lotte Rental

Affinity Equity set to close $1.1 bn purchase of Lotte Rental

Affinity Equity Partners said on Friday that it will sign a definitive agreement on March 11 with Lotte Group to acquire a 56.2% stake in South Kore...

SK Ecoplant seeks to sell waste treatment business for $1.4 billion

SK Ecoplant seeks to sell waste treatment business for $1.4 billion

SK Ecoplant Co., a South Korean construction engineering and waste management company under SK Group, is seeking to dispose of its waste treatment b...

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...

LG Energy set to acquire GM’s $1 bn stake in Ultium JV plant in Michigan

LG Energy set to acquire GM’s $1 bn stake in Ultium JV plant in Michigan

South Korea’s LG Energy Solution Ltd. plans to acquire General Motors Co.’s stake in their battery joint venture plant in Lansing, Michi...

Glenwood buys three waste management firms for about $190 mn

Glenwood buys three waste management firms for about $190 mn

Glenwood Private Equity on Tuesday signed an agreement to buy three waste management companies from small South Korean business group Bubang for aro...

LS Group’s US magnet wire unit to go public with $1.4 bn value

LS Group’s US magnet wire unit to go public with $1.4 bn value

The US magnet wire unit of South Korea’s leading electric power, materials and energy conglomerate LS Group is seeking an initial public offer...

LG Electronics to venture into food waste disposer market

LG Electronics to venture into food waste disposer market

LG Electronics Inc., the world's largest home appliance maker, will foray into the food waste disposer market in the first quarter of 2025, heraldin...

HD Hyundai OCI supplies recycled tire materials to Hankook Tire

HD Hyundai OCI supplies recycled tire materials to Hankook Tire

HD Hyundai OCI, the petrochemical affiliate of HD Hyundai Oilbank, said on Tuesday it started to supply Hankook Tire & Technology with recycled ...

Kakao to launch AI messenger service Kanana in H1 2025

Kakao to launch AI messenger service Kanana in H1 2025

South Korea’s platform giant Kakao Corp. will roll out Kanana, a conversational AI agent-integrated messenger app, in the first half of next y...

Kia unveils car accessory made from ocean plastic waste

Kia unveils car accessory made from ocean plastic waste

Kia Corp., South Korea’s second-largest automaker, said on Tuesday it introduced a trunk liner (mat) for the EV3, made from ocean plastic wast...

Naver to retire $306 mn shares, but stock remains weak

Naver to retire $306 mn shares, but stock remains weak

South Korea’s leading internet portal operator Naver Corp. will buy back and retire about 400 billion won ($306 million) worth of shares by th...

Seoul rejects Elliott’s $20 mn claim against Samsung C&T

Seoul rejects Elliott’s $20 mn claim against Samsung C&T

Elliott Investment Management Corp. has lost a case against Samsung C&T Corp. in seeking 26.7 billion won ($20.2 million) compensation in connec...

LG Energy Solution sells upcycled products

LG Energy Solution sells upcycled products

South Korea's LG Energy Solution Ltd. said on Wednesday that it has started selling upcycled products made from waste separators through Naver&rsq...

Hyundai Motor forms EV Charging Alliance in Indonesia

Hyundai Motor forms EV Charging Alliance in Indonesia

Hyundai Motor Co. announced on Monday that it established the Hyundai EV Charging Alliance with six local private charging operators at the Gaikindo...

Korea to keep track of EV battery life cycles for recycling

Korea to keep track of EV battery life cycles for recycling

The South Korean government will monitor electric vehicle (EV) battery life cycles to share information on the lifespan, performance and accident hi...

Hyundai Mobis combines electrification, module divisions

Hyundai Mobis combines electrification, module divisions

Hyundai Mobis Co., the world’s sixth-largest auto parts maker, said on Friday it has merged its electrification and module divisions to stream...

Woori adopts Samsung culture index for internal controls

Woori adopts Samsung culture index for internal controls

Woori Financial Group has adopted Samsung Electronics Co.'s Samsung Culture Index (SCI) to tighten its internal controls, which will be given more w...

Korea Zinc speeds up separation from Young Poong in management feud

Korea Zinc speeds up separation from Young Poong in management feud

South Korea’s largest zinc smelter Korea Zinc Co. is accelerating its efforts to terminate its decades-long business relations with parent You...

SK Networks to split off SpeedMate, trade division

SK Networks to split off SpeedMate, trade division

South Korea's SK Networks Co. plans to split off its auto management division SpeedMate and its trading unit.The board of directors approved the pla...

HS Ad unveils LG Uplus ad created by 100% AI

HS Ad unveils LG Uplus ad created by 100% AI

South Korea's HS Ad Inc., an advertising agency affiliated with LG Group, announced on Monday that it launched LG Uplus Corp. 's brand advertising...

Hyundai Glovis to build waste battery management in Jeju

Hyundai Glovis to build waste battery management in Jeju

South Korea's Hyundai Glovis Co. will establish a management system for used electric vehicle (EV) batteries in Jeju Island. The company anno...

Woongjin reborn as IT solution company beyond education firm

Woongjin reborn as IT solution company beyond education firm

Woongjin Co., better known as the home-study workbook brand Woongjin ThinkBig in South Korea, has been transforming into an information technology s...

Jusung Engineering to spin off major units

Jusung Engineering to spin off major units

South Korea's Jusung Engineering Co. plans to spin off its semiconductor, solar, and display equipment businesses and transform into a holding com...

HD Hyundai, Hyundai Dept. Store to co-work for recycling plastic waste

HD Hyundai, Hyundai Dept. Store to co-work for recycling plastic waste

South Korea's HD Hyundai Oil Bank Co. and Hyundai Department Store Co. have partnered to create a closed-loop plastic film recycling system, a first...

LG Chem, Ansan City to team up for waste vinyl recycling

LG Chem, Ansan City to team up for waste vinyl recycling

South Korea's LG Chem Ltd. has decided to recycle waste vinyl generated in Ansan, Gyeonggi Province, into plastic raw materials. The company announc...

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