The korea economic daily

AI chip market heats up with over $100 bn in deals

The global semiconductor industry has been swamped with a series of massive deals this year, likely to tip over $100 billion in deal volume as compani...

Samsung Biologics Jan-Sept profit beats entire 2019 gains

Samsung Biologics Co., the world’s largest contract manufacturing organization (CMO) in terms of capacity, posted an operating profit of 200.2 b...

LG Chem’s Q3 profit soars, battery earnings at record high

South Korea’s LG Chem Ltd. reported on Oct. 21 that its quarterly revenue and operating profit rose to all-time highs in the July-September peri...

SK Telecom tackles 5G content business

South Korea's largest mobile carrier SK Telecom Co. aims to ramp up its 5G content business and foray into overseas markets to boost its presence in t...

Samsung’s Jay Y. Lee meets Vietnam's PM Phuc to discuss business ties

Samsung Electronics Co. Vice Chairman Jay Y. Lee met with Vietnam’s Prime Minister Nguyen Xuan Phuc on Oct. 20 to discuss ways to strengthen bus...

Hyundai Gloivis, Mobis shares jump on ownership revamp hopes

Two Hyundai Motor Group arms – Hyundai Glovis Co. and Hyundai Mobis Co. – saw their shares rocket Oct. 20 on growing market talk of a poss...

Korean ATM maker hits jackpot abroad in cashless society

Sberbank of Russia, the country's No.1 bank, unveiled its cutting-edge automated teller machine (ATM) last month in a virtual event. The newly reveale...

Samsung overtakes Coca-Cola in brand value; highest among Asian firms

Samsung Electronics Co.’s global brand has risen to the highest ranking among Asian companies, as the South Korean tech giant overtook Coca-Cola...

LG Electronics launches world’s first roll-up TV

LG Electronics Inc. has unveiled the world’s first roll-up TV in the Korean market as the South Korean consumer electronics giant aims to enhanc...

Hyundai Glovis, Hyundai Motor, LG Chem get nod on EV battery recycling

The South Korean government has eased regulations to allow local automakers and battery makers to collaborate on recycling used electric-vehicle batte...

LG Chem develops world's first biodegradable plastic alternative

LG Chem Ltd. has developed the world's first 100% biodegradable material that can replace plastic as the company moves to take the lead in the global ...

Hyundai, Kia to reflect $2.94 bn quality costs in Q3 results

Hyundai Motor Co. and affiliate Kia Motors Corp. said on Oct. 19 that a combined 3.36 trillion won ($2.94 billion) in quality-related costs will be re...

LG Chem to hold market lead with tenfold battery patents vs CATL: executive

South Korea’s LG Chem Ltd., which has heavily invested in research and development projects, says it will retain its market lead over close riva...

Korea's signature sauce gochujang goes global, riding on K-wave

South Korea’s food exports have surged on the back of Korean dramas, more popularly known as K-dramas, gaining global popularity particularly in...

Samsung’s Jay Y. Lee embarks on Vietnam trip, may meet PM Phuc

Samsung Electronics Co. Vice Chairman Jay Y. Lee is visiting Vietnam, where he is widely expected to meet Prime Minister Nguyen Xuan Phuc to seek more...

Now Systems looks to metal detector market for EV batteries

Now Systems Co., a South Korean metal detector maker, is looking to enter the digital detection equipment market to check metals used in rechargeable ...

Top proxy adviser ISS approves of LG Chem’s battery spin-off

LG Chem Ltd.’s plan to spin off its promising battery business has won support from the world’s top proxy adviser Institutional Shareholde...

SK Telecom to spin off mobility unit, launch JV with Uber

SK Telecom Co. is spinning off its mobility platform business as a separate entity and also launching a joint venture with US ride-hailing company Ube...

Credit Suisse says Korean stocks remain cheap

South Korean bourses may have been Asia’s top performers since global stock markets hit troughs in March, but the country remains Credit Suisse'...

IMM PE seeks to exit Korean power cable maker

IMM Private Equity has put a majority stake in South Korea’s Taihan Electric Wire Co. up for sale to exit its investment of close to $300 milli...

Glass Lewis recommends LG Chem investors approve battery spin-off

Leading proxy adviser Glass Lewis has recommended that LG Chem Ltd. investors vote to approve the company’s plan to split off its battery busine...

Hyundai’s hydrogen push gains steam under new leadership

Hyundai Motor Co. is taking the lead in the South Korean government drive to push the hydrogen economy as one of the country’s new growth engine...

K-beauty, fashion companies ride ESG wave

South Korea's fashion and beauty companies are jumping on the environmental, social, governance (ESG) bandwagon to lure more environmentally conscious...

New Hyundai Motor Chairman Chung Euisun sets sights on future mobility

Chung Euisun, executive vice chairman of Hyundai Motor Co., has assumed the chairmanship of Hyundai Motor Group, officially confirming his ascension t...

Samsung Electronics embraces ESG for company assessment

South Korean companies are becoming more proactive in prioritizing environmental, social and governance (ESG) standards. In line with the ESG wave, Sa...

Hyundai Motor begins Singapore innovation lab construction

Hyundai Motor Co., South Korea’s biggest automaker, has begun building an innovation lab in Singapore as part of its efforts to explore new mobi...

Hyosung’s recycled yarn from PET bottles lures fashion brands

Hyosung TNC Corp. is experimenting with something that may seem strange in the eyes of some: making recycled yarn from discarded PET bottles, in a pro...

Daewoo wins $1.8 bn LNG ship orders from Europe

Daewoo Shipbuilding & Marine Engineering Co. has secured $1.8 billion in orders to build six liquefied natural gas (LNG) carriers in Europe, in it...

LG Electronics to launch world’s first roll-up TV in October

LG Electronics Inc. plans to release the world’s first roll-up TV later this month as the South Korean consumer electronics giant aims to enhanc...