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 ...

South Korea’s Lee completes cabinet lineup with IT executive, lawmaker

South Korea’s Lee completes cabinet lineup with IT executive, lawmaker

South Korean President Lee Jae Myung has tapped an information technology firm executive as culture minister and a ruling party lawmaker as land min...

Yonsei University: Unlikely yet adroit dealmaker in S.Korea’s M&A market

Yonsei University: Unlikely yet adroit dealmaker in S.Korea’s M&A market

For decades, or probably for centuries, Yonsei University has been seen as an ivory tower – a place for academics – in South Korea.One o...

IFEZ to apply for designation of southern Ganghwa as free economic zone

IFEZ to apply for designation of southern Ganghwa as free economic zone

The Incheon Free Economic Zone (IFEZ) Authority is set to submit its application by the end of June to designate the southern end of Ganghwa Island ...

Korea's science ministry picks 10 AI, digital startups to back global growth

Korea's science ministry picks 10 AI, digital startups to back global growth

South Korea’s Ministry of Science and ICT on Thursday announced that it has selected 10 startups founded by Koreans in a program to support th...

Samsung seeks tech alliance with top US universities for robotics, AI, 6G

Samsung seeks tech alliance with top US universities for robotics, AI, 6G

In an ambitious bid to shape the future of technology, Samsung Electronics Co. is launching a sweeping initiative to collaborate with elite North Am...

Shinhan to lead financing for battery storage project in Japan

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...

Hylium to supply liquefied hydrogen storage tanks to AirFirst

Hylium to supply liquefied hydrogen storage tanks to AirFirst

Hylium Industries Inc., South Korea’s hydrogen liquefier manufacturer, has signed a deal to supply high-capacity liquefied hydrogen storage ta...

SK Innovation E&S to secure 10 mn tons of LNG to compete with BP, Shell

SK Innovation E&S to secure 10 mn tons of LNG to compete with BP, Shell

SK Innovation E&S (SKI E&S), the natural gas business unit of South Korea’s SK Innovation Co., is set to begin an LNG trading business...

Political crisis ups downside risk to S.Korea’s economy: S&P, Moody’s

Political crisis ups downside risk to S.Korea’s economy: S&P, Moody’s

Global credit rating agencies are warning of looming downward pressure on South Korea’s sovereign credit rating about a month after Asia&rsquo...

Yanolja launches NOL Universe after merging OTA platforms

Yanolja launches NOL Universe after merging OTA platforms

SoftBank-backed Yanolja Co., South Korea’s top travel and accommodation booking platform operator, on Friday introduced a new platform called ...

Korea’s OCI, US partner CPS Energy sign 20-year energy storage deal

Korea’s OCI, US partner CPS Energy sign 20-year energy storage deal

South Korean solar cell company OCI Holdings Co. said on Tuesday it has signed a deal with US power supplier CPS Energy to jointly build a 120-megaw...

Korea Zinc, Hanwha to co-work on Austrailian BESS project

Korea Zinc, Hanwha to co-work on Austrailian BESS project

Korea Zinc Inc., the world’s top lead and zinc smelter, said on Tuesday its Australian subsidiary Ark Energy selected Hanwha Corp. as the pref...

Samsung E&A wins $214 mn petrochem plant contract in Qatar

Samsung E&A wins $214 mn petrochem plant contract in Qatar

Samsung E&A Co. said on Friday that it won a contract for the RLP ethylene storage plant construction project in Qatar, valued at 300 billion wo...

CJ Logistics opens cold-chain logistics center in Georgia

CJ Logistics opens cold-chain logistics center in Georgia

South Korea's CJ Logistics said on Thursday that it completed the construction of a large-scale cold-chain logistics center in the US and has begu...

South Korea to designate Jeju as flying taxi pilot service zone

South Korea to designate Jeju as flying taxi pilot service zone

South Korea will designate its resort island Jeju a test operation zone for flying taxis as part of the country’s national urban air mobility ...

Samsung mass-produces QLC V9 NAND to lead AI storage market

Samsung mass-produces QLC V9 NAND to lead AI storage market

Samsung Electronics Co., the world’s largest memory chipmaker, said on Thursday it has begun mass production of a 286-layer high-capacity NAND...

Shinsegae Duty Free opens premium store at Incheon Airport

Shinsegae Duty Free opens premium store at Incheon Airport

South Korea's Shinsegae Duty Free launched a premium store at Incheon International Airport, aiming to counter the decline in downtown duty-free sal...

Hyundai Motor Group to nurture young talent in Indonesia

Hyundai Motor Group to nurture young talent in Indonesia

Hyundai Motor Group said on Wednesday that it held the inaugural ceremony for the first cohort of H-Jump School Indonesia in Jakarta, Indonesia, the...

Korea’s Everland to lure horror fans with Netflix series

Korea’s Everland to lure horror fans with Netflix series

Everland, South Korea’s largest theme park, is set to lure horror movie fans at home and abroad with famous fright series such as “Stran...

Samyang Roundsquare to recruit foreign interns

Samyang Roundsquare to recruit foreign interns

Samyang Roundsquare, the holding company of South Korea's Samyang Group, said on Friday that it recruits foreign interns with the potential for full...

SK Earthon wins Australian carbon storage exploration rights

SK Earthon wins Australian carbon storage exploration rights

SK Earthon Co., the energy resources exploration and production (E&P) unit of South Korea’s top energy company SK Innovation Co., will spe...

Korea's warehouses suffer oversupply, rising vacancies

Korea's warehouses suffer oversupply, rising vacancies

Logistics centers in Seoul suburbs are suffering oversupply and rising vacancy rates, according to a report from South Korean commercial real estate...

LG Elec opens LG Labs experience pop-up zone

LG Elec opens LG Labs experience pop-up zone

LG Electronics Inc. announced on Wednesday that it will operate the "Wow Life's Good Lab" pop-up zone at Ground 220 in Yeongdeungpo-gu, Seoul, until...

Hanwha, Univ. of Surrey to team up for space business

Hanwha, Univ. of Surrey to team up for space business

Hanwha Aerospace Co., South Korea’s major aerospace and defense system developer, announced on Friday that it signed a memorandum of understan...

HD KSOE partners with University of Michigan to foster US ship engineers

HD KSOE partners with University of Michigan to foster US ship engineers

South Korea’s HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) has joined hands with the University of Michigan-Ann Arbor (UM) a...

Brokerage firm Hanyang Securities' 11.3% stake up for sale

Brokerage firm Hanyang Securities' 11.3% stake up for sale

South Korea’s Hanyang University Foundation has decided to sell 11.3% of common shares and all the preferred stocks it holds in brokerage arm ...

Coupang opens Rocket Growth seller website

Coupang opens Rocket Growth seller website

Coupang Inc., South Korea’s largest e-commerce platform, announced on Tuesday that it opened a dedicated website for sellers (sell.coupang.com...

LG Uplus, GIST to build metaverse campus

LG Uplus, GIST to build metaverse campus

South Korea's LG Uplus Corp. announced on Thursday a business agreement with the Gwangju Institute of Science and Technology (GIST) to develop a uni...

Samsung to unveil QLC-based NAND in H2 to lead AI storage market

Samsung to unveil QLC-based NAND in H2 to lead AI storage market

Samsung Electronics Co., the world’s largest memory chipmaker, plans to unveil a new high-capacity NAND memory chip in the second half to lead...

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